News

For the second year in a row, Obermeyer Wood has earned a place on CNBC’s esteemed Financial Advisor 100 ranking, coming in as the 23rd-ranked independent advisory firm in the U.S. for 2024. This recognition highlights CNBC’s in-depth evaluation, which goes beyond assets under management to assess factors like regulatory history, areas of specialization, and employee expertise. CNBC particularly values firms that help clients navigate complex financial decisions beyond their investment portfolios.

As we reflect on the third quarter of 2024, we recognize the uncertainty many of you may feel amid volatile yet impressive markets, charged politics, and rising geopolitical tensions. While the path ahead may seem unclear, we remain encouraged by the economy's resilience and are confident in investors’ ability to navigate charged headlines. With strong consumer spending, a durable labor market, and easing inflation, there are reasons for optimism, and we continue to thoughtfully position client portfolios for long-term success.

In our latest quarterly investment outlook video, Ali Phillips, President and Partner, shares our firm's updated perspective on the economy and markets heading into the fourth quarter of 2024. We remain cautiously optimistic about the path ahead for the U.S. economy and financial markets.

The American economy and financial markets continued to shrug off hawkish monetary policy in an impressive march forward through the first half of the year. Markets started the second quarter of 2024 on shaky footing, with stock indices all down more than 4% in April, before rebounding significantly in May and June. Although major U.S. indices finished the quarter in positive territory for the year, large-cap companies continued to outpace small-cap companies by a significant margin. The catalysts for market movements throughout the quarter were the usual suspects as of late: the Fed, inflation, AI, consumers, and corporate earnings.

In our latest quarterly investment outlook video, Ali Phillips, President and Partner, shares our firm's updated perspective on the economy and markets heading in to the third quarter of 2024. We remain cautiously optimistic about the path ahead for the market. The equity market continues to make its preference clear for established companies with industry leadership, significant competitive moats, and large total addressable markets.

We are excited to share that Forbes and SHOOK Research recently recognized our firm. Wally Obermeyer, Ali Phillips, and Dana Nightingale, representing our team’s collective efforts, were recognized for their dedication to providing clients with sound financial guidance and investment management.