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Carl Ludwigson featured in “Are you too rich for CDs? Why this high-net-worth investing pro doesn’t recommend CDs to wealthy clients — despite some paying 5%”

September 8, 2023

Are you too rich for CDs?  Why this high-net-worth investing pro doesn’t recommend CDs to wealthy clients — despite some paying 5%” -Alisa Wolfson, MarketWatch

CDs have become increasingly popular since the Fed started raising rates in March 2022, with CD balances increasing $400 billion from $36.5 billion in April 2022 to $418.4 billion in January 2023, according to data from the Federal Reserve. And no wonder: Plenty of CDs are offering APYs of around 5% right now.

With that in mind, we chatted with Carl Ludwigson, a managing director of Bel Air Investment Advisors, an investment firm that oversees and manages a reported $9.5 billion in assets. Ludwigson has been responsible for portfolio construction and client service for high-net-worth families, foundations and endowments for the last 10 years…

Click here to read the full article.


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