The Surevest Investment Committee Welcomes Marchello Holditch, CFA, CAIA as its Newest Member
Marchello Holditch, CFA, CAIA recently joined the Surevest Investment Committee to provide his insights on global macroeconomic matters. In addition, Marchello has extensive experience in providing asset liability modeling to institutional clients, which will allow him to add significant value to our Personalized Asset Segmentation Strategy (PASS) for clients in the income distribution phase. He holds an Honors Bachelor of Mathematics degree in actuarial science from the University of Waterloo and is a CFA charterholder.
Adding Marchello to the committee could have not come at a better time because the COVID-19 (coronavirus) requires a thorough global macroeconomic view to understand the potential impact to world and U.S. economic growth. We asked him what he and his team’s research show on the potential impact of COVID-19. Marchello responded, “I would say our long-term forecasts have not changed materially; under the assumption the virus impact will be short-term like every other outbreak in history. Long-term economic forecasts are driven by labor, capital and productivity trends.” He continued, “This is undoubtedly a good entry/hold point for a long-term investor.” Marchello and his team will continue to monitor the situation and keep us informed as things develop.
As we have discussed on previous market updates, we expected increased market volatility coming into 2020 and that allowed us to plan ahead of time how to take advantage of the market swings we have seen lately. Last Tuesday, March 3rd the Surevest Investment Committee hosted a conference call where we discussed the current investment environment and the shifts we have made to capitalize on the large market moves. If you missed the call, or would like to listen to it again, you can find the recording here.
Disclosure
The opinions expressed on the call recording are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. It is only intended to provide education about the financial industry. To determine which investments may be appropriate for you, consult your financial advisor prior to investing. Any past performance discussed during this program is no guarantee of future results. Any indices referenced for comparison are unmanaged and cannot be invested into directly. As always please remember investing involves risk and possible loss of principal capital; please seek advice from a licensed professional.
Surevest, LLC is a registered investment adviser. Advisory services are only offered to clients or prospective clients where Surevest, LLC and its representatives are properly licensed or exempt from licensure. No advice may be rendered by Surevest, LLC unless a client service agreement is in place
