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News

Firm Update from Wally Obermeyer: Ali Flynn Phillips Elevated to President at Obermeyer Wood Thumbnail

Firm Update from Wally Obermeyer: Ali Flynn Phillips Elevated to President at Obermeyer Wood

Ali Flynn Phillips has been promoted to the position of President at Obermeyer Wood Investment Counsel. Ali’s promotion is a considered step to elevate our leadership team and provide clarity to our succession plan. With Ali assuming the role of President, Wally Obermeyer will become Chairman and Chief Investment Officer, dedicating more time to chairing the investment committee and overseeing strategic direction.

Video: Obermeyer Wood Quarterly Investment Outlook - Winter 2024 Thumbnail

Video: Obermeyer Wood Quarterly Investment Outlook - Winter 2024

In our latest quarterly investment outlook video, Ali Phillips, Executive Vice President and Partner, shares our firm's updated perspective on the economy and markets heading into 2024. Looking ahead, we are monitoring the impact the wars have on the global economy; we are following the political environment at home and assessing the candidates’ policies ahead of the 2024 election; and we are watching company earnings in light of a dynamic and challenging economic environment. We have a balanced perspective, believing that the economy is stable for now and inflation is contained. Yet we know the impact of higher interest rates is still working through various sectors.

Obermeyer Wood News - Winter 2024 Thumbnail

Obermeyer Wood News - Winter 2024

As the curtain fell on 2023, investors applauded a positive end to the year for the financial markets. A growing consensus that the Federal Reserve (the Fed) is done raising interest rates and will pivot to cutting rates by mid-2024 fueled a sharp drop in Treasury yields and rekindled investor appetite for equities in the last two months of the year. However, we aren’t ready to pop the champagne just yet. While favorable markets were cause for jubilance, the world is still reeling from the ongoing conflicts in Israel, Gaza, and Ukraine. The humanitarian toll from these events is staggering, and our collective hope is for peace in the world.

Video: Obermeyer Wood Quarterly Investment Outlook - Fall 2023 Thumbnail

Video: Obermeyer Wood Quarterly Investment Outlook - Fall 2023

In our latest quarterly investment outlook video, Ali Phillips, Executive Vice President and Partner, shares our firm's updated perspective on the economy and markets heading into the final months of 2023. One truth in investing remains constant: one can't consistently predict the future. However, our philosophy around long-term investing remains consistent. We construct portfolios and financial plans that account for a range of potential outcomes, seeking to put our clients in the best position possible over the long term while minimizing risk. It's been a positive year for investors, and our optimism is steadfast and grounded in our decades of experience.

Obermeyer Wood News - Fall 2023 Thumbnail

Obermeyer Wood News - Fall 2023

September continued to live up to its reputation as being a challenging month for equities as the market cooled off after an impressive, albeit uneven, 2023 rally that lasted through July. While it was disappointing to see some of the year’s gains reversed, it is important to keep in mind that sudden pullbacks are not unusual; on average, investors can expect to see a 5% decline up to three times per year.1 Rising interest rates and economic slowdown concerns weighed on sentiment as investors remain hyper-focused on the Federal Reserve (the Fed).

Video: Obermeyer Wood Quarterly Investment Outlook - Summer 2023 Thumbnail

Video: Obermeyer Wood Quarterly Investment Outlook - Summer 2023

In our latest quarterly investment outlook video, Wally Obermeyer, President and Co-Founder, shares our firm's updated perspective on the economy and markets for the summer of 2023. As we embark on this new season, we remain dedicated to guiding our clients through all market cycle phases. Over the last few months, market strength was driven by growing expectations for an economic soft landing and the rapid release of artificial intelligence. However, concerns remain around a more aggressive action from the Federal Reserve and a global tightening cycle. Watch Wally's latest video to learn more about how we are helping to position clients in this period of cautious optimism.