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announcements

03/01

Professional Golf Tournament Sponsorship

As a follow up to our professional golf development vertical, we are proud to announce that Nashville Private Wealth Management will be an official Sponsor of the 2019 Bahamas Great Exuma Classic. This is the opening event of the 2019 Web.com season and will be hosted at Sandals Emerald Bay in Exuma, Bahamas on January 13th-16th. As a result of our sponsorship, we were granted a sponsors exemption spot in the tournament and as promised, Nashville Private Wealth Management hosted an internal qualifier at Adios Country club to determine the player. That spot will be filled by Jordan Gumberg who defeated Myles Creighton.

15/12

Florida Georgia Line Bass Player - Tom Beaupre

Please welcome Tom Beaupre as the President of Musician and Artist Relations for LPWM Group.

Tom has been the Bass player for Florida Georgia Line (FGL) since roommates Brian Kelley and Tyler Hubbard formed the group in 2010. Having performed in well over 1000 shows with FGL, Tom is excited about combining his skills and passion for music and expanding his business and entrepreneur acumen.

13/12

New Collaboration: Professional Golf

It is with great enthusiasm that we announce a new addition to the LPWM Group corporate structure: a professional golf vertical.As you may know, my father introduced golf to me at a young age and I have had a passion for the game ever since. While never achieving a handicap better than a 4 and winning nothing more than a flight in a club championship, golf has always been instrumental in my personal and professional life. For this reason, I am so proud and honored to finally announce our efforts to give back to the game that has given me so much.

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11/02

Q4 2018 Economic and Market Perspective

In the fourth quarter of 2018 the major indexes suffered their worst quarterly decline in roughly a decade and December went on the books as the worst month since the Great Depression. Plunging oil prices caused the energy sector to be the worst performer in the S&P 500 index, falling by nearly 24%. Technology, industrials, and consumer discretionary shares were also exceptionally weak, while the typically defensive utility sector was the sole segment to escape with a small gain, less than 1%.

14/12

Recent Market Sell Off

The S&P 500 has officially crossed over into correction territory (1), which is generally defined as a decline of -10% to -20% over a reasonably short period of time, generally a few weeks to a month. The breadth of the market has deteriorated immensely with many stocks down 40% or more over the last quarter (2). As I have written recently, little has changed fundamentally over the past weeks with regards to interest rate expectations, earnings expectations and the potential length of a trade war with China. Yet, the market is acting like all three of those factors turned sharply negative overnight: in my view, they did not. I suggest avoiding the urge to get caught up in day to day movements, and instead focus on economic data releases, earnings reports, and other economic fundamentals.

20/11

Q3 2018 Economic and Market Perspective

Normally I'd start this note by looking back at the behavior of the market and economy over the prior quarter but given the tumult and maelstrom of October it seems more appropriate to look at recent developments first. It seems the market has finally realized that interest rates are likely to rise more and faster than expected and the "I" word (inflation) along with uncertainties of a trade war with China caused the market to do its customary October sell off.

07/11

U.S Midterm Elections and the Markets

On November 6, 2018, U.S. voters will determine whether Republicans maintain control of both chambers of Congress. Up for election are all 435 House seats and 35 of 100 Senate seats. At stake for investors is the impact the midterm elections could have both on corporate earnings and on the U.S. economy. It’s interesting to note that according to Bloomberg since 1946, the S&P 500 has never declined in the 12 months following midterm elections. Furthermore, the S&P 500 has seen an average fourth-quarter return of 7.9% during midterm election years. That being said, I feel comfortable saying we should expect heightened volatility during and after this election season given the current administration and sitting President.

24/10

Taking Stock of the Recent Volatility

Market pullbacks and violent spikes in volatility can be unnerving, as they were last week when the Dow Jones Industrial Average fell more than 800 points on Wednesday, October 10th, and more than 540 points on Thursday, October 11th. As we wrote in the first quarter of this year after a swift decline in U.S stocks, it is important for our investors to not panic and let their emotions take over when turbulence hits portfolios. Rather, these periods should be used as a reason to analyze and assess investment objectives and investment time horizons for each asset class.

03/05

Q1 2018 Economic and Market Perspective

As expected (and stated in our Q4 2017 report) volatility has made its presence known as stock and bond markets around the world suffered losses during the first quarter of 2018. The S&P 500 had a 1% single day swing 23 times during Q1. This occurred only 8 times in total during 2017. The CBOE Volatility index (VIX) catapulted 81% during the first quarter and posted a 20% plus jump during 6 trading days – the most ever for a quarter. A strong start to the year, in the U.S. equity markets, with a string of record high closing prices in January quickly retracted to end the quarter in negative territory with the S&P 500 index down 0.8% and the Russell 2000 down 0.1%. The only two equity market sectors to post positive Q1 returns were Technology (+3.53%) and Consumer Discretionary (+3.10%). Fixed Income markets suffered similar results with the Bloomberg Barclays U.S. Aggregate Bond Index down 1.46% and the ICE U.S. Treasury 20+ year Bond Index down 3.36%.

28/01

The Tax Cuts and Jobs Act - Update

On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act. Although massive changes are set to take place, most will not impact 2017 returns. In fact, the bulk of the individual tax provisions are temporary and set to expire in 2025. These provisions will revert back to the 2017 rules unless they are extended by a future Congress. That is not the case on the corporate side, as most of those changes were made permanent. The bill fills more than 1000 pages so our overview below will be somewhat brief in comparison.

18/01

Q4 2017 Economic and Market Perspective

Threats of a nuclear conflict between the U.S. and North Korea, increased tensions between right and left here at home and the aftermath of the spate of major hurricanes would in a typical environment likely lend to a pullback in risk assets and a flight to quality. However, the rally in U.S. equity markets continued in the fourth quarter at a pace consistent with what investors experienced in the first three quarters of the year. A strong earnings season, continued healthy economic growth and U.S. tax cuts have helped equity markets. Over the year, we saw a synchronized global growth acceleration, unemployment rates continued to decline and stabilization in emerging market currencies. As economic slack continued to diminish, several central banks modestly tightened monetary policy, although some emerging markets (EM) central banks were able to cut interest rates in response to lower inflation. It was also a quarter when downside political risks failed to materialize and the major upside political risk, in the form of U.S. tax cuts was delivered, as a result risk assets remain in demand.

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