Providing professional municipal fixed income management since 1989


4Q 2015: Muni's: Top Performer in 2015

Municipals topped the list of best performers of 2015, with risk adjusted returns besting other fixed income asset classes and the S&P 500 Index, alike. A turbulent year, 2015 was riddled with geopolitical strife, downturns in the global stock markets, the slumping price of oil and the highly anticipated first rate hike by the U.S. Federal Reserve in almost 10 years. Defaults fell for a fifth straight year as increased revenues and cost cutting measures have contributed to stronger financials for state and local governments. Nationally, total state tax revenue recovered more than two years ago from its plunge in the Great Recession. By mid-2015, states collectively took in 5.6 percent more tax revenue than they did at the 50-state peak in the third quarter of 2008, after accounting for inflation and seasonal fluctuations as reported by Pew Charitable Trust. The last two years have ended with Municipals at the top of the list of best performers, in our opinion offering an attractive relative value and lower volatility in an uncertain market.    Click here to read the latest quarterly commentary.

Posted: July 11th, 2016 | Permalink

Commonwealth, Common Problems

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Disclosures: Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that future performance of any specific investment strategy (including the investments and/or investment strategies recommended or undertaken by Asset Preservation Advisors (“APA”)) made reference to directly or indirectly by APA in its website, or indirectly via a link to an unaffiliated third party web site, will be profitable. APA is not responsible for the content presented on third party websites.

This material is for informational use only and is not financial advice or an offer to sell any product. The information discussed and shown here is not a recommendation to buy or sell a particular security or to invest in any particular sector. Forward-looking statements are not guaranteed. You should not assume that any of the securities, sectors or holdings discussed are or will be profitable, or that recommendations we make in the future will be profitable or equal the performance of the securities discussed. There is no assurance that any securities, sectors or industries discussed herein will be included or excluded from an account’s portfolio.  APA reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs. The discussions, outlook and viewpoints featured are not intended to be investment advice and do not take into account specific client investment objectives.

APA is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill of training. More information about the advisor including its investment strategies and objectives can be obtained by visiting A copy of APA’s disclosure statement (Part 2 of Form ADV) is available without charge upon request. Our Form ADV contains information regarding our Firm’s business practices and the backgrounds of our key personnel. Please contact APA at 404-261-1333 if you would like to receive this information. APA-15-313

Posted: June 27th, 2016 | Permalink

APA 4Q15 Commentary

Posted: June 20th, 2016 | Permalink

APA 3Q15 Commentary: One Quarter, Two Halves

Posted: June 20th, 2016 | Permalink


The first quarter of 2015 sent shockwaves through financial markets worldwide.
Posted: April 17th, 2015 | Permalink