Money

What’s the Best Financial Advice You Ever Received?

Joseph A. Scarpo, PWA Wealth Management At the age of 26, I was traveling to a conference in Chicago. The gentleman seated in the window seat informed me that most Americans never achieve financial security. He told me the story of his brother who had worked hard and spent hard. At age 65, his brother …

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Positioning Client Portfolios: Wentling Tarquinio Loughney, Greycourt & Co, Henry Armstrong Associates

Each year in the summer issue, we ask a group of Pittsburgh’s leading investment experts to answer a question for our readers in 250 words or less. This year’s question: “The coronavirus has led to the first bear market in more than a decade with widespread uncertainty remaining. How are you positioning your client portfolios …

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Positioning Client Portfolios: Fairview Capital, Shorebridge, PWA, WesBanco

Each year in the summer issue, we ask a group of Pittsburgh’s leading investment experts to answer a question for our readers in 250 words or less. This year’s question: “The coronavirus has led to the first bear market in more than a decade with widespread uncertainty remaining. How are you positioning your client portfolios …

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Positioning Client Portfolios: PNC, Confluence Financial Partners, J.P. Morgan, Huntington

Each year in the summer issue, we ask a group of Pittsburgh’s leading investment experts to answer a question for our readers in 250 words or less. This year’s question: “The coronavirus has led to the first bear market in more than a decade with widespread uncertainty remaining. How are you positioning your client portfolios …

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Positioning Client Portfolios: Federated Hermes, Northwestern Mutual, Bill Few Associates, Schenley Capital

Each year in the summer issue, we ask a group of Pittsburgh’s leading investment experts to answer a question for our readers in 250 words or less. This year’s question: “The coronavirus has led to the first bear market in more than a decade with widespread uncertainty remaining. How are you positioning your client portfolios …

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Coronavirus Investing

Editor’s note: We’ve asked a group of the region’s leading wealth managers to respond to this question: “The coronavirus has led to the first bear market in more than a decade with widespread uncertainty remaining. How are you positioning client portfolios in this fraught environment?” In today’s online feature, a group of advisors give a …

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Pittsburgh: Buy, Sell or Hold?

We’ve asked a group of the region’s leading financial experts to give their opinion on the following question: “If the Pittsburgh region were an investable security, what changes, if any, would you want to see before you advised your clients to invest?” Their answers follow. Linda Duessel, Federated Investors: Pittsburgh already is a “buy.” It’s …

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Recession and the Fed

We’ve asked the region’s top wealth managers to respond to two questions: 1) If the current economic expansion lasts past July, it will be the longest in U.S. history. When do you expect the U.S. economy to enter into a recession? 2) After raising interest rates steadily for more than a year, the Federal Reserve …

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Three Questions on the Markets, Part IV

Each year in our Summer issue, we ask a group of the region’s leading financial experts to help our readers by responding to a series of questions. The final question is, “What effect will higher inflation have on stock prices?” What effect will higher inflation have on stock prices? Thomas L. Wentling Jr., Wentling Tarquinio …

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Three Questions on the Markets, Part III

Each year in our Summer issue, we ask a group of the region’s leading financial experts to help our readers by responding to a series of questions. Below is part three of this four-part series with their answers to this question: Do you think the Trump Administration’s stimulus efforts—especially the tax cuts and regulatory reform—will …

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Three Questions on the Markets, Part II

Each year in our Summer issue, we ask a group of the region’s leading financial experts to help our readers by responding to questions. Below are their answers to this question: Why has market volatility spiked in 2018? Do you expect markets to remain volatile? Why has market volatility spiked in 2018? Do you expect …

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Three Questions on the Markets

Each year in our Summer issue, we ask a group of the region’s leading financial experts to help our readers by responding to a question. This year, we’ve asked three. Part I of this four-part series begins below. Question 1: Why has market volatility spiked in 2018? Do you expect markets to remain volatile? LINDA …

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Seek, and You Shall Find… Conflicting Investment Advice

The run of this current Raging Bull of a stock market has been exceptionally long: eight-plus years. (The average bull market has lasted four years, nine months.) In response there has been great conjecture by investment firms, financial advisers, brokers, and market pundits in Pittsburgh about how much longer the market may rage.   These opinions …

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Will Someone Please Tell Me What This Bitcoin/Blockchain Thing Is All About?

Everyone has heard of Bitcoin by now (by convention, it’s capitalized when used as a protocol and lower case when used as a unit of exchange, like a dollar), but very few understand the importance of the “blockchain” technology that underpins it. This article expresses no opinion one way or the other on bitcoin and …

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Three Simple Questions on the Markets, Part III

We asked a group of the region’s leading wealth managers to pen a response to three questions about the markets and how they approach current conditions. Here are their responses to the final question: If you had to put all your money in one asset class today and couldn’t sell for ten years, what would …

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Three Simple Questions on the Markets, Part II

We asked a group of the region’s leading wealth managers to pen a response to three questions about the markets and how they approach current conditions. Below are their answers to the second question: The Fed is working to “normalize” interest rates over the course of 2017. What impact will a more normal rate environment …

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Three Simple Questions on the Markets, Part I

We asked a group of the region’s leading wealth managers to pen a response to three questions about the markets and how they approach current conditions. Here are their responses to the first question: Since the election of Donald Trump, stock markets have soared and the confidence of consumers and investors has risen. How real …

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Three Simple Questions

Each year in our Summer issue, we ask a group of the region’s leading financial experts to help our readers by responding to a question. This year, we’ve asked three. The first batch of the questions and answers follow. Question 1: Since the election of Donald Trump, stock markets have soared and the confidence of …

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Value Investing: Putting Time on Your Side

“All things excellent are as difficult as they are rare.” Throughout my 17 years watching markets and investing on behalf of high-net-worth individuals, families and organizations in the Pittsburgh area, I’ve never found this quote from legendary investor Benjamin Graham to be more appropriate. Investing is more than the cat and mouse game portrayed by …

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Down the Rabbit Hole

Each year in our summer issue, we ask a group of the region’s leading wealth managers to help our readers navigate financial waters by responding to a question. How would negative interest rates in the U.S. affect investors? Leading wealth managers respond… James Armstrong Henry H. Armstrong Associates Negative interest rates punish the saver, and …

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Negative Interest Rates, Decrees the Queen of Hearts!

Buckle your seat belts. This is going to get weird and metaphysical. My purpose is to turn the prism a little bit and try to make sense of something that I believe makes no sense. This would be a good time to get the children out of the room. Currently, (Bloomberg 3-18-2016), negative interest rates …

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The Interest Rate Dilemma

Each year in our summer issue, we ask a group of the region’s leading wealth managers to help our readers navigate financial waters by responding to a question. Their answers follow in reverse alphabetical order. If you were the Federal Reserve Board Chair, when and how would you raise interest rates (if at all), and …

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