2006 4th Street
The Investment Committee of Horizon Advisor Network met on the afternoon of Tuesday, July 13th. We had representatives from Cuyahoga Falls, Cincinnati, Atlanta, and Baton Rouge present for today's meeting. We began our meeting with a review of the investment performance of the model portfolios managed by the committee. We were happy to report that the portfolios are performing in line or above their historical benchmarks, on a risk-adjusted basis, over the last one, three, and five years.
There were no major changes made to the model portfolios over the last month, and adjustments made previously seem to have the models aligned with our economic and investment outlook for the near term.
We are closely watching several issues impacting financial markets. There are currently a number of risks present in the economic and the political backdrop. The first of these is a new wave of COVID-19 cases, mostly due to the Delta variant. This is playing out across the country, especially among unvaccinated individuals. There is some concern that this could cause new restrictions that could slow economic growth and the reopening that has been underway since the COVID-19 vaccines were initially introduced. We will continue to monitor this closely.
We also have seen drama play out on Capitol Hill with a proposed bipartisan agreement of approximately a $1T infrastructure spending plan. There is some question as to whether this will move forward based on additional spending plans from the House Democrats. It will be interesting to see whether Representatives on both sides of the aisle can come to an agreement on the traditional infrastructure package and what this may mean for our tax system.
We know that our current economic recovery has been driven by a combination of both fiscal stimulus from Capitol Hill and monetary stimulus from the Federal Reserve Bank. We can see this reflected in both GDP growth and in recent reports on the manufacturing side of the economy
Jesse Hurst - Chair, Impel Wealth Management
Nathan Ollish - Impel Wealth Management
Clint Gautreau, Horizon Financial Group
Kevin Myers, ATL GlobalJoy Schlie, FHT Financial Advisors
Sincerely,Jesse W. Hurst, CFP®, AIF®CERTIFIED FINANCIAL PLANNERTMFinancial Advisor
*Award Recipient Jesse Hurst
*The 2021 ranking of the Forbes’ Best–in–State Wealth Advisors1 list was developed by SHOOK Research and is based on in–person and telephone due–diligence meetings to evaluate each advisor qualitatively and on a ranking algorithm that includes client retention, industry experience, review of compliance records, firm nominations, and quantitative criteria (including assets under management and revenue generated for their firms). Overall, approximately 32,725 advisors were considered, and 5,000 (approximately 15.3 percent of candidates) were recognized. The full methodology2 that Forbes developed in partnership with SHOOK Research is available at www.forbes.com.
1 This recognition and the due–diligence process conducted are not indicative of the advisor's future performance. Your experience may vary. Winners are organized and ranked by state. Some states may have more advisors than others. You are encouraged to conduct your own research to determine if the advisor is right for you.
2 Portfolio performance is not a criterion due to varying client objectives and lack of audited data. SHOOK does not receive a fee in exchange for rankings.