Carnegie Investment Counsel Blog

Video: Behind the Numbers, Demystifying Noise in the Market Place

Posted by Carnegie Investment Counsel on Aug 25, 2021 9:21:19 AM

Recently, Carnegie Investment Counsel Portfolio Manager/Regional Director Scott Inglis was a guest of Behind the Numbers, which is a podcast about the “real stories” behind business performance and valuation. Inglis talked with the host, valuation expert and bestselling author Dave Bookbinder. Scott provided detailed insights around demystifying noise in the market place”. Here’s an overview of the conversation.

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Topics: Financial Planning, Stocks, Market, Economy, Investment Management

You Can’t Take It With You: When and How to Help the Next Generations Financially

Posted by Carnegie Investment Counsel on Jul 29, 2021 2:00:00 PM

Living Well With Wealth Series 1 of 3

In this first blog post in our Living Well With Wealth series, we discuss giving money to family. Next in the series, we offer insights into charitable giving.  

It’s highly common for our clients with children, grandchildren and other family members to direct their assets to things or activities that will help those family members financially. Allocating portions of your legacy and offering financial assistance can make a lifelong impact on your loved ones. So, how and when should you get started, and what do you need to consider?

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Topics: Financial Planning, Investment Management, Wealth Management, Retirement Planning

Gray Divorce Trends 2021: How Will Late-in-Life Divorce Impact Your Finances and Retirement?

Posted by Carnegie Investment Counsel on Jul 6, 2021 1:30:00 PM

After many years where the divorce rate for American adults was constantly on the rise, recent decades have shown a modest decline. However, those statistics disguise a change in the divorce rate for older adults. According to multiple studies, including a Bowling Green State University Family Profile Information 2021, there has been an increase in the divorce rate for those who are 50 years and older.  

This so-called gray (think graying hair) divorce phenomenon can have a significant impact on retirement plans. If you are older and considering a divorce, keep in mind that assumptions you and your spouse made decades ago about finances may no longer apply, including the financial benefits of marriage.

Several high-profile gray divorces have been in the news recently, including Bill and Melinda Gates. Let's assume that dividing up their assets will be a bit more complicated than what you might be facing if divorce is likely. However, there are practical considerations for all non-billionaires when dealing with the financial consequences of a divorce.

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Topics: Financial Planning, Investment Management, Wealth Management, Retirement Planning

A Day in the Life of a Portfolio Advisor: Meet Chad Warmbein and Learn How He Juggles It All

Posted by Carnegie Investment Counsel on Jun 17, 2021 1:30:00 PM

Chad Warmbein has been a Portfolio Advisor at Carnegie’s Pittsburgh office for six years. He is passionate about helping clients create a customized financial strategy aligned to their financial goals. Plus, Chad helps work with prospective clients both for individual wealth management portfolios and retirement services plans. In this blog post, we meet Chad and learn about his Portfolio Advisor role.

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Topics: Financial Planning, Investment Management, Retirement Planning

Risk of Avoiding Financial Risk

Posted by Carnegie Investment Counsel on Jun 3, 2021 1:30:00 PM

One of the most important aspects of responsible financial planning is risk management. A proper understanding of risk can help you anticipate losses and gains and create an investment strategy with your financial planner as you build wealth. Assessing your risk tolerance can guide you in your investment decisions. Armed with this knowledge, you can start to see the risk of avoiding risk.

It is important to identify your financial goals, what it will take to reach those goals and understand the level of risk you are willing to take to get there. Your goals and behavior must be aligned.

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Topics: Financial Planning, Investment Management, Risk Management

How Hiring a Financial Advisor for Your Nonprofit Can Help You Make a Greater Impact

Posted by Bob Carroll on May 27, 2021 1:30:00 PM

When you work or volunteer for a nonprofit agency, your work is important and valuable. You might even say you are “doing good in the neighborhood!” When you combine your nonprofit mission with strong financial management you can make an even greater impact for those you serve.

Strong financial management is critical to the success of nonprofit organizations and helps them be more effective. This is true now more than ever, with the impact of COVID placing increased demand on financial resources. It helps to enlist the support of a qualified financial advisor to help navigate your nonprofit through volatile times.

So, what’s the case for engaging a nonprofit financial advisor for your organization? Here are some key benefits:

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Topics: Financial Planning, Investment Management, nonprofit financial advisors

What is ESG Investing? Understanding Socially Responsible Investing

Posted by William Anderson on Jan 5, 2021 1:30:00 PM

"ESG" has been an investment buzzword over the last two years. It is a subjective, somewhat amorphous concept. It can be easily described as investing in companies that enable an investor to do good financially while doing good in the world.

"Doing good" in the world involves weighing “ESG”: Environmental considerations, Social considerations and corporate Governance considerations.

Environmental consideration weighs a company’s production and usage of carbon-based fuels, air and water pollution, use of wind and solar energy, production of toxic wastes and even design and use of packaging.

Social consideration weighs the firm's efforts and success in employee diversity, employment opportunity, workers' treatment, internal discrimination policies and pay equity.

Governance considerations include examining management's alignment with shareholder and broader stakeholder interests, executive compensation, board diversity, level of independent board oversight and participation, and voting control.

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Topics: Investment Management

Four Ways to Build Wealth When Interest Rates Are Low (Like Right Now)

Posted by Shams Afzal, AIF® on Dec 22, 2020 1:00:00 PM

Low interest rates, along with all their advantages and pitfalls, have defined much of the last decade. While prior recessionary periods have seen overnight shifts by the central bank to sub-1% interest rates, 2020 appears to manifest an extreme version of it so far. As the Federal Funds Rate was slashed from 1.5% to nearly 0% in March of 2020, the 10-year Treasury, the widely followed proxy for long-term rate setting purposes, registered a low of just 52 basis points within days of the Fed actions, an historic low.

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Topics: Investment Management

A Day in the Life of a Portfolio Manager: Meet Chris Carey (Carnegie’s Newest Portfolio Manager)

Posted by Carnegie Investment Counsel on Dec 16, 2020 10:30:00 AM

We continue our series profiling different financial advisors at Carnegie Investment Counsel with our newest portfolio manager, Chris Carey.

According to Chris Carey, portfolio manager at Carnegie Investment Counsel, the jobs you do in life may provide an even greater education than the theories you learn in school… even the internships and work experience you may do for free.

Carey didn’t go to school with the intention of going into finance. He was interested in the food industry after working for an upmarket grocery store, Waitrose, in his hometown of London, England, during his time at high school.

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Topics: Investment Management

Beyond the Millionaire Next Door: Our Team Shares Great Gift Book Ideas About Money, Finance and Even Sales

Posted by Carnegie Investment Counsel on Dec 10, 2020 1:30:00 PM

With the upcoming holiday season, we reached out to our Carnegie Investment Counsel team to share gift book recommendations. No two answers were alike and the recommendations were rich and unexpected.

 

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Topics: Investment Management

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