Glassman Wealth Services

Glassman Wealth is a full-service, fee-only fiduciary providing highly personalized investment advice, financial planning, and wealth management. With one of the lowest client-to-advisor ratios in the industry, Glassman Wealth’s team of engaged, innovative advisors has the time to focus on each client’s unique needs and goals and dreams. This personalized and sophisticated approach enables Glassman Wealth to serve each client as their dedicated financial steward, helping them not simply to achieve their financial goals, but to realize their dreams.

Last week, corporate profitability was added to the third revision of third quarter GDP growth and not surprisingly, corporate profits were up more than 28% from the same point one year ago. Up to this point little of that money has benefitted the overall economy; however, that trend may be changing.

Corporate profits reached their highest point on record during the most recent quarter, at an annualized rate of $1.6 trillion. From a historical perspective, corporate profits as a percent of GDP are still slightly above the long-term averages.

Over the last several years, companies hoarded cash, at the expense of hiring and expansion. However, in recent quarters, nonfinancial corporations are showing signs of reducing liquid assets and cash in favor of capital expenditures and hopefully, hiring.














Ready to get started?

Connect with a Glassman Wealth advisor today to continue the conversation.