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Republican's Surprising Sweep
Republican's Surprising Sweep

After many months of contentious and extremely negative campaigning from both parties, the Republicans emerged as victors last night in several very close races.  This was a surprise to most, as polls and pundits alike had already given the White House keys to Mrs. Clinton.  Many have asked what FAI is doing in the portfolios given this surprising event.  

Curtis Gross
Brexit Memo

Yesterday the UK voted to leave the European Union. This decision was a surprise to the global markets as many investors had believed that the chance of this occurring was very low.  In reality, all of the major polls were suggesting that the decision was actually a 50/50 decision and nearly impossible to call.  Effects on the major global economic participants from UK’s exit from the EU is difficult to predict as we are in uncharted territory. The initial analysis in the short-term suggests a weaker economic environment for both the UK as well as the rest of Europe as trade disruptions influence both demand as well as currencies. 

Curtis Gross
Market Bulletin

To our FAI clients,

The current market volatility has some investors concerned, so we thought we would highlight a few points from our recent research that you might find constructive.

Curtis Gross
FAI's Year End Review & Investment Outlook
In the year just ended, the world's securities markets were unkind to most asset classes.
 
U.S. Stocks

U.S. stock prices wandered indecisively between - 3% and +3% during the first half of 2015 making very little progress in either direction. The market turned drastically more negative in August (see the S&P 500 chart below) as currency & economic weakness in China weighed on stocks. An October rally boosted the index back to barely positive... then drifted to the remainder of the year to a -0.7% price return.

FAI Insights Podcast: An Interview with FAI's Chief Invesment Officer Curt Gross
FAI Insights Podcast: An Interview with FAI's Chief Invesment Officer Curt Gross

So I’m the Chief Investment Officer and what that means is that I’m totally responsible for all of FAI’s investment policies and practices. We do several things for clients. We do asset allocation, security selection and portfolio construction.

Curtis Gross
Market Correction - August 2015

No doubt that the recent stock market volatility has captured your attention over the past few days.  To help clients process this information, we thought it might be helpful to offer a historical perspective to recent events.  Performance of the equity markets over the past 5 years has clouded investors prospective of how volatile the stock market can be.

Curtis R. Gross, CFA, Promoted to Chief Investment Officer for FAI Wealth Management
Curtis R. Gross, CFA, Promoted to Chief Investment Officer for FAI Wealth Management

FAI Wealth Management Chairman, J. Michael Martin, has announced that Curtis R. Gross, CFA, has been promoted to the position of Chief Investment Officer for the firm effective July 1, 2015.

Curtis Gross
Pricey, Volatile Biotech Stocks Losing Favor

Disappointing clinical trials and steep prices are leading some advisers to split their bets on biotech stocks between funds focused on health care and technology.

"We like to invest in companies with innovative products, but at reasonable prices. Biotech has become too rich for our tastes," says Curt Gross, research director at FAI Wealth Management in Columbia, Md., with $325 million in assets

Curtis Gross
Advisers Handle Hot Biotech Stocks With Care

Another way to view the market is by evaluating a biotech company's value relative to how much it's spending on research and development -- often considered the industry's real growth engine.

Those metrics show a market that's a bit split, says Curt Gross, research director at FAI Wealth Management in Columbia, Md., with $300 million under management.

He agrees large-cap biotech prices appear stretched. But mid- and small-cap stocks are trading at much more appealing valuations, Mr. Gross says.

To read the complete Wall Street Journal article please click here.

The Importance of Dividends and Dividend Growth
The Importance of Dividends and Dividend Growth

We have received several inquiries from clients concerning our equities and specifically dividend paying securities driven by concerns over rising tax rates on dividend payments.