This section includes a list of managers who chose to participate in and passed the rigorous survey testing of the National Association of Board Certified Advisory Practices. [read more]Wealth manager comments in this issue
Colleen Supran, principal, Bingham, Osborn & Scarborough, LLC
Charles Root, managing director, Double Eagle Financialpage 2
Steven Jenkins, senior vice president & director of trust services, Exchange Bank
Brian Pon, principal, Financial Connectionspage 3
James Burleson, Greenleaf & Burleson Wealth Management, LLC
Neil Hennessy, portfolio manager and chief investment officer, Hennessy Fundspage 4
Noah Jacobson, partner, Jacobson & Breen Wealth Strategies
Matt Delaney, partner, JDH Wealth Management
James Demmert, managing partner, Main Street Researchpage 5
Montgomery Taylor, founder, Montgomery Taylor & Company, LLC
John Whiting, partner, Moss Adams Wealth Advisors, LLC
Kelly Crane, chief investment officer, Napa Valley Wealth Managementpage 6
Greg Friedman, president, Private Ocean
Clark Jorgensen, senior portfolio manager, Private Wealth Partners, LLCpage 7
Michael Gradl, senior vice president of wealth management, Redwood Credit Union
Michael Schmitz, vice president of investments and COO, Schmitz Capital Partnerspage 8
Eric Aanes, president, Titus Wealth Management
Jon Mallon, UBS Financial Services, Inc.page 9
Tim Russell, managing partner, Valley Oak Wealth Management
Evan Oliver, principal, VERITY Wealth Advisors, LLC
Henry Pilger, chairman, senior wealth adviser, Vista Wealth Managementpage 10
Irv Rothenberg, principal, Wealth Management Consultants, LLC
Bruce Dzieza, CEO and partner, Willow Creek Financial Services, Inc.
Alice King, CEO, Wine Country Wealth Management, LLC
The Business Journal surveyed wealth management advisers across the North Bay on three questions related to the investment climate today and long term. The responses of nearly two dozen follow.
(Listed alphabetically by company name)Colleen Supran, principalBingham, Osborn & Scarborough, LLC1201 Vine St., Ste. 102, Healdsburg, 707-433-7300, www.bosinvest.com
Describe one significant challenge that you currently face as a wealth adviser.
[caption id="attachment_60355" align="alignleft" width="180"] Colleen Supran[/caption]
Fixed income is an important part of our clients’ portfolios; however, future bond performance may look very different from the above-average returns we experienced over the past 30 years. Interest rates are at very low levels and if rates rise in the future, bond prices will decline. Although we have been hearing predictions of higher interest rates for years, no one knows for sure when (or if) rates will rise. We address this uncertainty by using short- to intermediate-maturity bonds in client portfolios. These bonds tend to be more stable when interest rates change, steadying portfolio values when stock price volatility increases.
What mistakes do you see individual investors making in the current financial climate?
Interest rates (as measured by the 10-year U.S. Treasury) are near record lows and the Federal Reserve has vowed to keep yields low for the foreseeable future. Investors starved for yield are buying higher-risk securities that they may not understand or want to own if they could earn some interest on CDs or a money market account. To achieve high yields in this environment an investor must take on more risk. This is often an unacceptable tradeoff for the portion of a portfolio that should be invested in stable, low-risk assets.
What plot lines are you following as you look towards the future for investing?