Our Investment Strategy Video for the second quarter of 2019, titled Delayed Arrival.
Will Facebook Find Some Friends?
In the face of unquestionably strong economic data, global equities declined nearly 5 percent on the week with the S&P 500 falling close to 6 percent. The sharp selloff can be attributed to a confluence of factors, none of which will have any impact on near-term earnings momentum.
Smoke on the Water
As the Western states struggle with wildfires and the Southeastern states get pounded by hurricanes, the stock market quietly made new highs. The S&P rallied this week 1.4 percent, closing in on the psychologically important 2,500. Conversely, bonds felt the swing into equities with rates on the 10-year U.S. Treasury rising 13 basis points to 2.20 percent.
Kinateder Hired as Executive Vice President
PORTLAND, Ore. – July 1, 2017 – Ferguson Wellman is pleased to announce that Tara Kinateder has joined the firm as executive vice president and a member of the firm’s wealth management committee.
With more than 15 years of experience in the financial industry, Kinateder came to Ferguson Wellman after working at U.S. Trust as a private client advisor and market leader. Before her career at U.S. Trust, she worked for Bernstein Wealth Management as a financial advisor and Paychex MMS as a strategic consultant. Kinateder specializes in business succession and pre-transaction planning, asset management and asset allocation planning, retirement planning and advising women in transition on strategies to help them protect their wealth.
Raised in Georgia, Kinateder earned her B.A. from Brenau University in Gainesville, Georgia, with a double major in journalism and business, graduating Magna Cum Laude. She received a certificate in personal financial planning from the University of Washington’s Michael G. Foster School of Business and a certificate in investment strategies and portfolio management from the University of Pennsylvania’s Wharton School of Business. Kinateder serves as chair of the Classic Wines Auction board and has been a board member since 2014. She is also current chair of the annual Wine Auction. Kinateder chairs the Arlington Club entertainment committee and is a member of the house committee.
“We are extraordinarily pleased to add Tara to our team of investment professionals. Her expertise in all aspects of wealth management allows her to become a value-add to our clients immediately. She has a shared vision with us for serving clients and growing our firm. We are delighted to have her,” said Jim Rudd, principal and chief executive officer.
Founded in 1975, Ferguson Wellman Capital Management is a privately owned registered investment advisory firm, established in the Pacific Northwest. As of January 1, 2017, the firm manages over $4.5 billion for more than 760 clients that include individuals and families; Taft-Hartley and corporate retirement plans; and endowments and foundations with portfolios of $3 million or more. West Bearing Investments, a division of Ferguson Wellman, serves clients with assets starting at $750,000. (Data as of January 2017).
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Debt Ceiling, Tax Policy and Trickle-Down Economics
Global elections continue to stir up markets this week. U.S. stocks and the dollar rose as the British pound declined after the U.K.’s Conservative Party lost its parliamentary majority just as the Brexit negotiations begin
Changing of the Guard
The S&P 500 was up nearly 1 percent again this week as economic data continues to confirm a growing economy. An underwhelming jobs report on Friday took yields on 10-year U.S. Treasuries to a new low on the year of 2.15 percent.
Politics and the Markets
Political risk has always been frustrating for investors. We like the rules of the game to be known and the playing field level. Any kind of uncertainty leads to volatility in markets. While many believed that the Republican sweep would deliver pro-growth initiatives, Trump’s troubles have led to concerns regarding those outcomes.
The World Is a Dangerous Place
Equity markets were relatively flat on the week as economic data was weighed against global events. Interest rates continued their slow trend downward with the 10-year U.S. Treasury finishing the week at a 2.32 percent yield.
No Brackets Busted by the Fed
As traders were nursing their wounds from early bracket pains, the market saw that U.S. stocks were muted this week, up 0.2 percent. Investors’ reactions to finally getting the anticipated Fed rate hike were tempered by oil production figures from OPEC, causing concern early in the week.
Christianson, Frankel and Jones Receive Promotions
Ferguson Wellman Capital Management recently promoted three professionals, Scott Christianson, CFP®, Josh Frankel, CFP®, and Peter Jones. Christianson has been promoted to senior vice president, Frankel, has been promoted to executive vice president and Peter Jones has been promoted to vice president.
Ferguson Wellman Recognized as One of Portland Business Journal's Most Admired Companies
Ferguson Wellman Capital Management has been named by Portland Business Journal as a “Most Admired Company.” Of the 10 financial services companies listed in the top tier, Ferguson Wellman was ranked second. Over 127 companies received votes in the financial services category.
InvestmentNews Magazine Names Ferguson Wellman to Western Success Stories List
Ferguson Wellman Capital Management has been named by InvestmentNews to its “Western Success Stories” list, ranking 11 out of 15 advisors.
Ferguson Wellman Ranked Second on Portland Business Journal Money Management Firms List
Ferguson Wellman Capital Management is pleased to announce that the firm has been named by Portland Business Journal as a top money management firm in their 2015 Wealth Management and Financial Services Guide publication. Portland Business Journal ranked Ferguson Wellman second in Oregon and Southwest Washington on their list of 25 money management companies. The listing was created by calculating the total number of assets under management for Oregon and Clark County, Washington clients as of the second quarter of 2015.
“We are delighted to be honored by the Business Journal. However, what is of utmost importance to us is the trust our clients place in our firm. That means more than any award or ranking ever could,” said Jim Rudd, chief executive officer.
Ferguson Wellman Capital Management builds and manages customized investment portfolios of $3 million or more for individuals, families, foundations, endowments and corporate retirement plans. With a majority of the investment portfolios comprising individual securities, Ferguson Wellman’s team of in-house analysts make decisions regarding asset allocation, sector weights and security selection directly for our clients.
Founded in 1975, Ferguson Wellman is a privately owned registered investment advisor headquartered in the Pacific Northwest. With more than 640 clients in 36 states, the firm manages $4.2 billion. Ferguson Wellman also serves individuals and institutions through West Bearing Investments, a division that manages portfolios with investments of $750,000 or more. (data as of 6/30/15)
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