The election is over, emotions have been on a roller coaster, the market keeps hitting all-time highs, and the holidays are upon us—there’s a lot going on.

With that in mind, I wanted to share some thoughts and perspectives with our clients and friends at AWP:

Our Investment Committee has spent significant time evaluating all portfolios and client accounts to ensure they’re well-positioned following this market rally. Looking ahead, we’re preparing for an early 2025 rebalance. Expect a summary email outlining our thoughts and any changes about a week or two before that process begins.

Overall, we’re extremely pleased with the overall performance of client portfolios. Our models held up remarkably well during the challenging 2022 market and quickly bounced back, not only recovering losses but also capitalizing on new market highs. For over 20 years, I’ve shared this principle with clients: “The key to long-term market success is minimizing losses during down years and protecting your wealth.” This philosophy remains as true as ever.

While politics often stir emotions, our focus is on pragmatic, disciplined management of nearly $1 billion in client assets. Regardless of which party is in office, history and economic fundamentals show that less regulation, limited government intervention, and extended tax cuts tend to support markets and business growth.

The greatest influence on your financial success comes from proactive wealth planning. If you’re a client, make sure you’re joining us for your annual planning sessions, where we whiteboard your “3 Buckets” to ensure you have adequate cash (for taxes, emergency fund, upcoming “big/fun” expenses), the right stock/bond mix, an updated estate plan and beneficiaries, and a proactive tax strategy.

Lastly, and arguably the most important thing to mention—Jolene (our Director of Stress Management and Therapy Dog) would appreciate a belly rub and treats. Please don’t let her down; it’s the least you could do (she says).