Sep 11, 2025 · 31 min · 9 segments
Markets are moving on more than just fundamentals. Michael Parise sits down with Eric Fuhrman of City National Rochdale to talk about investing in a world driven by tariffs, tax law changes, and…
But before we sign off, is there anything maybe that you think is really important for our listeners to understand about you guys at CNR, economy in general, investing world in general? I'd love to hear maybe some closing thoughts if you have them.
There have been a lot of paradigms in investing that have kind of become institutional, and there's been a lot of inertia about them.
I had come from a world where benchmark sensitivity, beating a benchmark was kind of the gold standard.
And at the end of the day, from my seat now, we have clients, and those clients have goals, they have objectives, and those are rooted in risk and return.
And sometimes that kind of take a pie, pick some managers, hope for the best allocation, I think is a little bit.
And so from where we sit, we're trying to think holistically about our client, how our investments and all our asset classes interact, how they matter into that long-term plan.
And being able to be nimble and adjust as markets adjust by kind of being able to see the whole picture, I think is a big difference.
And I've seen a lot of client success where we've been able to adapt our allocations to their changing life cycles, to inheritances, to job losses, to buying property or receiving windfalls.
And we're constantly shifting our feet for our clients and being able to think about how the whole investment picture really works for those objectives, as opposed to just beating a benchmark.
I just think it's a much more forward thinking and holistic approach to investment management, which is why I made the move
Very happy to kind of stand by that process for our clients and work with them as opposed to just for them.
But I love that term, kind of a new paradigm, because things change, whether it's more retail investors being able to get access to opportunities that maybe were not as otherwise available in the past.
I mean, one area we probably... maybe not in your expertise wheelhouse at CNR as much, but I'm hearing a lot of buzz now around this new initiative of maybe having more private markets investments inside of 401k plans.
I mean, that opens up a whole other avenue, right? In terms of the investment world.
But before we sign off, is there anything maybe that you think is really important for our listeners to understand about you guys at CNR, economy in general, investing world in general? I'd love to hear maybe some closing thoughts if you have them.
There have been a lot of paradigms in investing that have kind of become institutional, and there's been a lot of inertia about them.
I had come from a world where benchmark sensitivity, beating a benchmark was kind of the gold standard.
And at the end of the day, from my seat now, we have clients, and those clients have goals, they have objectives, and those are rooted in risk and return.
And sometimes that kind of take a pie, pick some managers, hope for the best allocation, I think is a little bit.
And so from where we sit, we're trying to think holistically about our client, how our investments and all our asset classes interact, how they matter into that long-term plan.
And being able to be nimble and adjust as markets adjust by kind of being able to see the whole picture, I think is a big difference.
And I've seen a lot of client success where we've been able to adapt our allocations to their changing life cycles, to inheritances, to job losses, to buying property or receiving windfalls.
And we're constantly shifting our feet for our clients and being able to think about how the whole investment picture really works for those objectives, as opposed to just beating a benchmark.
I just think it's a much more forward thinking and holistic approach to investment management, which is why I made the move
Very happy to kind of stand by that process for our clients and work with them as opposed to just for them.
But I love that term, kind of a new paradigm, because things change, whether it's more retail investors being able to get access to opportunities that maybe were not as otherwise available in the past.
I mean, one area we probably... maybe not in your expertise wheelhouse at CNR as much, but I'm hearing a lot of buzz now around this new initiative of maybe having more private markets investments inside of 401k plans.
I mean, that opens up a whole other avenue, right? In terms of the investment world.
The rest of this transcript — segmented and speaker-labeled, so you land on the exact moment something was said
Search every transcript — by keyword, by phrase, or by meaning, across every show Radar indexes
Trends — what is surging across podcasts, measured against its own baseline
Alerts — when a name you follow appears in a newly indexed episode
No account is needed to search Radar.
