The Associates of Stegner Investments are excited to share some news: The editorial staff at Today’s Woman magazine has nominated Beth for their “Most Admired Woman Business Owner” award for 2017.
Beth has put her heart and soul into SIA since founding it in 1994. We are proud to have her as our leader and admire her ethical standards and her personal and professional commitment to staff and clients.
Schwab began mailing 2016 Tax Form 1099-Rs and Form 1099 Composites/Year-End Summaries on February 15th. All forms should be delivered to you by February 24th.
As a reminder, you may log-in and view these reports now online at www.schwaballiance.com.
SIA was excited to host a table at Women 4 Women’s annual luncheon on September 16th with guest speaker, Barbara Pierce Bush. Barbara is CEO and co-founder of Global Health Corps, an organization that mobilizes a global community of young leaders to build the movement for health equity.
To learn more about this amazing charity, click here.
Mimi Zinniel, President & CEO of Olmsted Parks Conservancy, has a lively discussion with Beth Peabody.
Ruth Trautwein (W4W Board Member) shares a photo op with Liz Juckett Dehart, Director of Marketing & Communications for the Olmsted Parks Conservancy.
SIA’s guest, K. Shaver, speaks with Beth Peabody during the luncheon.
T. Rowe Price Vice President, Craig Watson, met with our investment team at our office yesterday. Mr. Watson is a Portfolio Specialist and a 9-year member of T. Rowe Price’s U.S. Large Cap Growth Team.
We enjoyed discussing interest rates, portfolio positioning, risk management and stock specific knowledge, including T. Rowe Price’s recent meeting with Jeff Bezos of Amazon.com.
A key component to SIA’s investment research process includes in-person meetings with investment professionals from the firms we respect most. SIA leverages information gathered from meetings like these to manage our client portfolios most effectively.
While reading Friday morning papers and sipping coffee, investors might have been comforted by headlines from Thursday’s financial market performances:
“Global Stocks Rally Ahead of Brexit Vote… as investors bet the historic referendum would end with Britain staying in the EU.”
— USA Today
“Dow Industrials Jump 230 Points…Investors shook off fears that the U.K. would vote to leave the European Union, sending the Dow Jones Industrial Average to its biggest gains since March.”
— The Wall Street Journal
However, investors were in for a shock once they turned on the radio, television or their computers and received news of the U.K.’s fateful vote for Brexit.
Britain’s decision reverses the EU’s course of expansion as it has grown over decades to include most of Europe. In turn, the implications will be felt both politically and economically for years. The imminent danger to the underlying American economy is relatively small, however the decision will impact decades of economic integration and opening of markets.
It is important to note that, for all the shock and awe of the downward move in financial markets on Friday, the results only reversed the four day run-up in many stock markets in advance of the vote.
As your investment consultant, we are thoughtfully studying and investigating the long-term impact of this Brexit decision and how it might impact our investment strategies. At this time, however, portfolios have performed as expected with bonds increasing in value as stock markets gyrated around the world.
Opinion polls are split on whether Britons will vote next Thursday to remain in or exit the European Union of 28 countries (EU). The EU is an economic and political union established in 1993 which allows for a single market and free movement of goods, capital, services and people between member states.
Recent stock and bond market volatility has been caused by “Bremain” or “Brexit” poll results as either decision will have lasting impacts on global economies.
The Bremain camp includes the current British Prime Minister David Cameron and also Former Prime Minister Tony Blair. During a recent dinner attended by a select group of investors in Chicago, Beth Peabody received critical insights from Tony Blair’s talk. “Rational Britons will vote against Brexit” and they will “do the sensible thing” by staying in the EU. He is certain that the level of economic uncertainty caused by leaving would be a foolish risk to take.
However, those who are lobbying for Brexit claim that the U.K. could take back power, curb immigration and free the U.K. from burdensome regulation and the cost of membership.
Financial markets have been volatile throughout June in anticipation of this very important decision. This uncertainty was a key reason that the Federal Reserve did not raise interest rates this week. Investors are considering a vote to remain as more favorable than the unknown ramifications of a vote to exit.
Wambach and Peabody
Beth Peabody attended Schwab’s 2015 Impact conference in Boston and was chosen as one of the few advisors to meet with Abby Wambach after her keynote presentation, “Lead from the Front”.
Wambach’s talent and leadership have netted a long list of accolades. Ms. Wambach scored 183 international goals—more than any other player, male or female, in history. She played on four World Cup teams, including the 2015 championship team, and is a two-time Olympic gold medalist. She is also a six-time U.S. Soccer Female Athlete of the Year winner and, in 2015, was named among the 100 most influential people by Time magazine.
The conference provided Beth the opportunity to gain insights from industry leaders including Rob Arnott, Roger Ibbotson and other global investments strategists.
SIA is excited to host a table again at this year’s Olmstead Parks Conservancy (OPC) fund raiser, the Boo La La. SIA’s Co-Founder, Doug Stegner is a founding member of the Conservancy and Honorary Trustee while SIA’s President and Co-Founder, Beth Peabody, currently serves on the Board of Trustees and Executive Committee.
“Queen Bee” Beth Peabody poses with “Ladybug” Ruth Trautwein and members of the Conservancy
The Mission of the OPC is: “to restore, enhance and forever protect Louisville’s Olmsted-designed parks and parkways, connecting nature and neighborhood while strengthening our community’s well-being”.
Last year, SIA came in second place in the costume contest and this year we are hopeful for a win!
SIA’s 1994 co-founder, Doug Stegner, stopped by the office to congratulate and reminisce with Tracey Trosper, managing director, on her 20-year anniversary with SIA. We are so fortunate to have such a dedicated leader and thank Tracey for her ongoing contributions to SIA’s success!
SIA was honored to welcome Jeffrey Rosenberg to our office yesterday to discuss investment strategies for our fixed income portfolios (bonds).
Mr. Rosenberg is a Managing Director and the Chief Investment Strategist for Fixed Income for BlackRock, Inc. – which is the world’s largest asset manager with almost $5 trillion in assets under management.
To view SIA’s major takeaway’s from his visit with us, please click here.
Jeffrey Rosenberg, Chief Investment Strategist for Fixed Income at BlackRock LLC, speaks during a Bloomberg television interview in New York.
