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Schultze Asset Management Named to List of Best Financial Advisory Firms by USA Today.

RYE BROOK, N.Y., April 27, 2023 /PRNewswire/ — Schultze Asset Management, LP, an investment firm specializing in financially troubled and distressed companies, has been named to USA Today‘s list of the Best Financial Advisory Firms of 2023. This prestigious list was created by USA Today and Statista Inc., the world-leading statistics portal and industry ranking provider, to help individuals secure the financial guidance they need in this time of stock market volatility and an uncertain economy. The full list of 500 firms can be viewed on the USA Today website.

“We are especially honored to be included on this prestigious list of the Best Financial Advisory Firms as we proudly celebrate our 25^th anniversary as a firm,” said George Schultze, Founder of Schultze Asset Management. “We managed to outperform all of the major indices on a relative basis last year, which was heartening, but our goal is always to generate much higher absolute returns for our clients. We see the opportunity set for this year as very compelling and believe we are on track toward achieving our goals for 2023.”

According to USA Today there were more than 32,000 RIA firms in the U.S. at the end of 2021, managing more than $127 trillion in client assets. The total includes approximately 14,800 firms, like Schultze Asset Management, registered with the Securities and Exchange Commission. The remaining 17,300 firms each manage less than $100 million in assets and are registered with state agencies. The list by Statista for USA TODAY has culled that daunting universe of RIAs to a top 500 firms based on the growth of their assets under management over the short and long term, and recommendations from clients and peers. 

USA Today and Statista selected the Best Financial Advisory Firms in 2023 based on two dimensions: recommendations by clients and peers and a firm’s growth of Assets under Management (AUM). The recommendations were collected via an independent survey sent to over 20,000 individuals. The development of AUM was analyzed in both the short- and long-term based on publicly available data. In the consideration for the top 500 RIA firms, recommendations had a weight of 20% while the development of AUM had a weight of 80% (short-term and long-term growth were equally weighted) to derive the final score.

It’s that time! Our Founder & Managing Member George Schultze’s latest @Forbes article is out and touches on the effects caused by the massive spike in #InterestRates, including the recent banking crisis and raised demand for cash: https://www.forbes.com/sites/georgeschultze/2023/04/18/banks-dont-understand-bond-math-do-you/?sh=4792978a1b0c 

LinkedIn:

As we begin Q2 our #Founder and #ManagingMember @George Schultze reflects on a rather chaotic first quarter of the year, as he dives into the #BankingCrisis and the emergence of the Bank Term Funding Program (#BTFP) as it relates to the back-and-forth #easing and #tightening from the #Fed. @Forbes for more:

https://www.forbes.com/sites/georgeschultze/2023/04/18/banks-dont-understand-bond-math-do-you/?sh=4792978a1b0c

Bloomberg Radio

Big thank you to @CarolMassar and @JessicaMenton for having our Founder & Managing Member @GeorgeSchultze on @BloombergRadio to discuss the current state of the markets including the banking situation, asserting that it’s frankly a systemic problem: https://www.bloomberg.com/podcasts/series/bloomberg-businessweek 

Barron’s:

We’re also happy to share the Barron’s article from this week featuring George discussing the current banking situation: The Clock Is Ticking for Sale of SVB’s Wealth Management Unit

Forbes:

There is a lot of talk about the fall of #siliconvalleybank, which has resulted in the second-largest #bank failure in US history. Read George Schultze’s latest @Forbes article to see why he thinks things went south. https://www.forbes.com/sites/georgeschultze/2023/03/13/for-over-25-years-ive-seen-the-same-financial-mistakes-repeated/?sh=5fb852802238

TD Ameri trade:

Starting off the week strong, our very own Founder & Managing Member @George Schultze joined @Renita Young on @TD Ameritrade to share insight on the Fed and why we at Schultze Asset Management expect to continue to see inflationary trends: https://tdameritradenetwork.com/video/amr-vst-bbby-the-fed-s-baby-steps-to-tackle-inflation 

NASDAQ Trade Talks:

Our Founder & Managing Member @George Schultze joined @Jill Malandrino on @Nasdaq Trade Talks to share insights about how to add more value to your money and how investing in certain bonds can guarantee a loss after inflation: https://www.nasdaq.com/videos/why-investors-should-focus-on-long-and-short-investments-in-distressed-securities 

Forbes:

Founder @George Schultze’s newest @Forbes article discusses #Fed #InterestRates and predictions of what could happen next. https://www.forbes.com/sites/georgeschultze/2023/02/22/powell-talks-tough-but-are-we-really-out-of-the-woods/?sh=583218586e24

TD Ameri trade:

CHK & WLL: The Outlook For The Energy Market

Forbes:

Founder and Managing Member George Schultze’s latest @Forbes article predicts even more turmoil in the retail space this year. The full article below: https://www.forbes.com/sites/georgeschultze/2023/01/13/last-year-was-horrible-in-retail-but-this-one-looks-worse/?sh=11968164b771

Forbes 03.11.22

Russia’s invasion of Ukraine, in addition to the pain and devastation it has caused, also added another roadblock to the global economy’s attempt to return to some kind of “normal” after the pandemic. In addition to pushing oil prices even higher, it’s also broadly raised the level of inflation. Inflation had already been spiking due to extreme levels of monetary and fiscal accommodation following the onset of the pandemic. As a result, gas prices, which are already over $5 in California, are currently averaging over $4/gallon nationwide, with some sources predicting the highest prices in US history by Memorial Day. Inflation is evident in many other places, too – cars, housing, tuition, wages, and even food, to name a few.

Forbes 03.11.22

Is history repeating itself in the stock market? CEO George Schultze thinks the current market looks very similar to the dot-com bubble in the late ‘90’s when companies were overvalued and as a result, the “bubble burst” when capital dried up. Now while we’re facing a period of inflation in combination with overvaluation from investors blindly buying FAANG stocks over the years, these companies have uncertain future revenue growth. Will the bubble burst? Read George’s insights in Forbes:

Forbes 02.18.22

The Bureau of Labor Statistics reports that prices rose 6.2% in October, the largest annual increase since 1990, driven by supply chain and labor shortages as well as higher energy prices,” says CEO George Schultze in his recent Forbes blog. With inflation rates up, there’s still investment opportunities in previously distressed companies, both public and private. Read which companies he’s interested in right now:

Forbes 1.24.2022

As we head into 2022, the big question remains: What will happen with the Fed? Will it really start to taper in the first or second quarter, and when will it raise interest rates?” CEO George Schultze discusses inflation and the investing opportunities for distressed debt in 2022. Read more his recent Forbes article:

Forbes 12.15.21

The Bureau of Labor Statistics reports that prices rose 6.2% in October, the largest annual increase since 1990, driven by supply chain and labor shortages as well as higher energy prices,” says CEO George Schultze in his recent Forbes blog. With inflation rates up, there’s still investment opportunities in previously distressed companies, both public and private. Read which companies he’s interested in right now:

Forbes 11.23.2021

In his latest Forbes blog post, George Schultze questions, what’s next? Heading into the next distress cycle, we know this: the US has excessive debt, and the global supply chain will see the effects of China’s real estate bubble. George outlines the build up to Evergrande’s potential fail and how this could impact the US economy, pushing to future distress. Read his full article here:

Forbes 10.26.21

Extreme weather events like Hurricane Ida are occurring with greater frequency causing damage to buildings, businesses, power lines, roads and more, stemming conversations about climate change and our impact on the environment and how such considerations should factor into investment decisions. “AccuWeather estimates that the price tag for Ida’s damage could reach $95 billion,” says founder, George Schultze in his most recent @Forbes blog post. Investors should keep this in mind when analyzing companies in certain sectors. Read the full post here:

Forbes 9.16.21

George Schultze, says right now the economy seems “too good to be true.” Student loan debt relief has been extended until January 2022, pilot programs such as Universal Basic Income (UBI) are giving out payments to California residents up to $600/month and the new Child Tax Credit promises to deliver up to $3,600 to families and children. Read more n George’s insights, including his thoughts on crypto in @Forbes:

Forbes 8.18.21