1919 Investment Counsel

Last week, our colleagues Leah Foxx and Robert Huesman, CFA, CFP® led an insightful discussion with members of the University of Dayton's Hanley Center for ESG Investing. Leah and Robert shared the 1919 approach to #ResponsibleInvesting, focusing on aligning our clients' values with portfolio construction. Hearing the current students' perspectives on various ESG topics inspired a valuable exchange of ideas!

US equity markets snapped a six-week winning streak, finishing the week lower. Certainly, #earnings season angst contributed to the weakness, but for the first time in a while, investors were concerned about rising interest rates and the possibility of a less accommodative Fed. For more on our current economic outlook, check out this week's Weekly Market Insights: https://lnkd.in/edC_gKjs

We're proud to share our colleague Katherine White, CFP®, ECA was honored by the Family Wealth Alliance, Inc. as a 2024 Alliance Young Professional Award winner! The 2024 Young Professionals Awards honor the industry's rising stars who have demonstrated success in their careers and made significant contributions to the industry. Congrats, Katie!

As part of our #1919BeyondTheNumbers series, meet Ron Bates from our #Cincinnati office! Outside of the office, Ron spends his time supporting the arts in his local #community. Just this month, Ron assumed the role of President of the Cincinnati Opera! With a legacy going back 102 years, the Cincinnati Opera is one of the oldest and most highly regarded opera companies in the U.S. In addition, Ron is on the Boards of the Taft Museum of Art, Cincinnati Playhouse in the Park, ArtWorks Cincinnati, & ArtsWave. The Taft Museum of Art is recognized nationally as a museum leader and one of the most unique art museums in the country. Cincinnati Playhouse in the Park is a professional regional theatre committed to producing and presenting the broadest range of theatre for diverse audiences. ArtWorks creates community-based public art providing career opportunities for artists of all ages. Last but certainly not least, ArtsWave is the engine for Greater Cincinnati’s arts -- funding and supporting 100+ arts projects and organizations through impact-based grants. On a personal note, supporting these local organizations has been a way for Ron to turn his passion into community leadership. Ron's advice: "Find the organizations you're most passionate about, which tend to be the ones you have a history or connection with. From there, understand your goal, whether it is to help others, develop a network, get to know a new community, or gain leadership skills." At 1919, our commitment to being a responsible corporate citizen is one of our priorities. 1919 strives to enrich the communities in which we live and work through employee volunteerism and community engagement. #EmployeeSpotlight #EmployeeAppreciation

At 1919, many of our clients have LLCs that they use for a variety of purposes. All of these types of closely held business entities are subject to a new reporting regime known as the Corporate Transparency Act (or “CTA”), and the deadline for compliance for existing entities is fast approaching on January 1, 2025. In our latest article, we break down the #CTA, including who is required to report, what is required to be reported, reporting deadlines, and more. For more on the CTA, read the full article here: https://lnkd.in/eG45D_Qf

On Wednesday, our team was a proud sponsor of the Million Dollar Women Fund event 'Women. Work. Wealth. - Pop Up & Panel' at Pride Global in NYC. The #fundraising event celebrated female founders who have created exceptional products. Guests sampled products from women-owned businesses and had the chance to purchase and show their support for the brands. In addition, guests heard founder journey stories during a panel hosted by Million Dollar Women Founder Julia Pimsleur. Since 2017, the MDW Fund has helped over 150 women of color #entrepreneurs nationwide gain access to business training, powerful networks, mentors, and the capital they need to scale up their businesses. 1919 is proud to continuously support Million Dollar Women & their mission of aiding underrepresented founders and #smallbusiness owners.

For the second year in a row, we were a proud #sponsor of The Foothill Auxiliary's 'Holidays on a High Note' event in Atherton, CA. The Foothill Auxiliary is a dynamic group of women who care for their communities and each other, and this event raises money to support Peninsula Family Service's (PFS) efforts to combat loneliness and build community. PFS strengthens their community by helping local families and vulnerable neighbors find stability and opportunity by: - Designing quality and accessible early learning programs and schools for each child’s developing brain, preparing the children and their parents for kindergarten - Providing knowledge of financial literacy and financial products to build credit and assets so people can stabilize their finances and lives - Providing older adults social connections, second careers, and support to keep them healthy through a comprehensive wellness approach At 1919, we strive to support our local communities through #sponsorships, #donations, and #volunteering.

This past week was an excellent one for equity markets and investors. The S&P 500 set a new high, and the other major equity indices also advanced. For more on our current economic outlook, check out this week's Weekly Market Insights:  https://lnkd.in/ex5ihCQV

On Wednesday, we held a 'State of the 2024 Election' webinar for clients, colleagues, and friends of the firm. We were joined by political cartographer, Miles Coleman, Associate Editor of Sabato’s Crystal Ball, the Center for Politics at UVA's authoritative, nonpartisan newsletter on American campaigns and elections. Miles discussed the state of the 2024 election based on public polling, followed by a Q&A with our President & CEO, Harry O'Mealia. Thank you, Miles & Harry, for an informative session as we gear up for the 2024 election!

As we close out Q3 and head into the last quarter of the year, we're sharing our current #economic review. Here are a few key takeaways: - US economic growth remains resilient, and a recession seems unlikely in the near term, although geopolitical concerns and pockets of weakness within the retail and manufacturing sectors suggest areas of softness are emerging. - The equity market broadened in the recent quarter, with small and mid-cap company stocks outperforming their large-cap brethren. - The Fed's rate-cutting cycle got off to a strong start with a 50 basis point reduction in September and the prospect of additional cuts to come later this year and throughout 2025. For more, check out 1919's Investment Review & Outlook: https://lnkd.in/e9K6NU57