Dear Clients: The financial markets and economy have been hit by their own metaphorical Hurricane Ian in 2022. Following a brief respite in July, stocks ended the third quarter firmly in “bear market” territory (down more than 20%). Bonds, historically considered “safe” investments compared with stocks, have also been crushed, as the [...]
Why “free” is the most dangerous word in investing Mickey Kim / September 9, 2022 There are a number of words/phrases used to pitch investment products that are “red flags” and should cause you to “raise your antenna” and activate your “BS detector.” These would include “bulletproof,” “guaranteed,” [...]
History suggests stocks may enjoy a post-Midterm election bounce Mickey Kim / August 12, 2022 Seasonal tendencies of stock prices make for interesting conversation. Pundits offer the brilliant advice of “Sell in May and Go Away,” which means liquidate your portfolio to avoid a summer/fall swoon. Heeding this, [...]
A Look at the Market After a Volatile First Half of the Year - Podcast Associate Director of Client Service Zach Greiner is joined by Chief Investment Officer Mark Foster, CFA to examine the economic environment after the 5th worst first half of the year in the history of the stock market [...]
Dear Clients: As the media has reported ad nauseam, the first half of 2022 was the worst start to a year for the U.S. stock market in over 50 years. Additionally, it was the worst start for the bond market ever. We are currently in a bear market (usually defined as declines greater [...]
Bursting of speculative bubbles leaves path of financial destruction Mickey Kim / June 17, 2022 Warren Buffett famously said, “Only when the tide goes out do you discover who’s been swimming naked.” To slow rampant, persistent inflation, the Federal Reserve (“Fed”) has slammed on the monetary brakes by [...]
Rising Rates 101: How it happened and why it matters Mickey Kim / May 13, 2022 Interest rates have surged at the fastest pace since 2009, as inflation has reached levels not seen in forty years, leading to severe indigestion for the stock and bond markets. Low interest [...]
How war, high inflation and the Fed have impacted financial markets, plus options for investing idle cash - Podcast After a quarter where the S&P 500 saw +10% swings in both directions, Associate Director of Client Service Zach Greiner is joined by Chief Investment Officer Mark Foster, CFA to examine what factors [...]
Dear Clients: We explained in our Q4-2021 Client Letter (January 12, 2022) why we believed 2021 was a high-return, low-volatility “unicorn.” Our counsel was to expect more modest returns in 2022. Additionally, with the Federal Reserve (“Fed”) poised to begin removing emergency stimulus measures implemented at the start of the pandemic-induced economic [...]
Brace yourself, energy insecurity and $4 gas could be here to stay Mickey Kim / April 8, 2022 What a difference two years makes! The Covid-induced economic shutdown crushed U.S. demand for oil, plummeting from 21 million barrels per day (MBPD) to 14 MBPD (down 33%). Pouring proverbial [...]
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Associate Director of Client Service |
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Current Board Member and Vice President of Sans Souci. Past president of Sans Souci and Columbus Young Professionals. Finance Mentor for Turning Point’s Dance Marathon. Leadership Bartholomew County – 2014 and Coalition for Collaborative Learning – 2015. Zach was previously a Credit Analyst and Commercial Lender for MainSource Bank and, most recently, Financial Advisor for Raymond James. Zach joined KM in 2018. |
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Associate Director of Client Service |
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Current member of Heritage Fund Bartholomew County Grants Committee and First Presbyterian Preschool Policy Board. Before joining KM in 2018, Maggie was a financial analyst at Cummins, Inc. |
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Roger Lee, CFA, CPA
Senior Research Analyst |
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Roger joined KM as a Senior Research Analyst in 2016. Prior to joining KM, he sharpened his research skills while on the investment teams of Pacific View Asset Management, the Artisan Partners Global Equity Fund, and Tradewinds Global Investors, a subsidiary of Nuveen Investments. He began his career in assurance services at Ernst & Young. Roger has been a licensed Certified Public Accountant in the State of New York since 2010. |
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Collin Foster, CFA
Research Analyst and Fixed Income Portfolio Manager |
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Collin joined KM as an Equity Analyst in 2015. Prior to joining KM, he worked as a credit analyst and credit manager at MainSource Bank. |
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Mickey Kim, CFA
Managing Partner, Chief Operating/Compliance Officer |
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Mickey was Senior Research Analyst at Driehaus Capital Management, a Chicago investment management firm, from 1982 to 1985. Mickey joined KM in 1986 and has been the firm’s Chief Operating Officer since 1996 and Chief Compliance Officer since 2004. |
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Mark D. Foster, CFA
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Managing Partner, Chief Investment Officer, Portfolio Manager |
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Mark was formerly associated with American Fletcher National Bank (now JP Morgan Chase, Indiana, NA) as a research analyst from 1980 to 1982 and with Merchants National Bank as a portfolio manager/research analyst from 1982 to 1984. From 1984 to 1987 he was associated with Merchants Investment Counseling Inc. as Director of Equity Strategy, directly responsible for managing approximately $200 million of equity assets. Mark joined KM in 1987 and has been the firm’s Chief Investment Officer since 1997. |
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Matt Kirr
Partner, Director of Client Service |
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Current Board Member of Heritage Fund Bartholomew County and Foundation for Youth. Past president of Foundation for Youth, the Day Nursery Foundation Board, and past vice-chairman of the Make-a-Wish Foundation of Indiana. Matt was previously a Vice President and Private Banker for Bank One, N.A. and, most recently, McDonald Financial Group. Matt joined KM in 2005. |
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Darrell H. “Kip” Wright, CFA
Partner, Portfolio Manager, Senior Research Analyst |
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Kip was a Trust Investment Manager for various banks in Iowa from 1982 through 1995, most recently with Brenton Bank, N.A., with responsibilities of overall strategy and equity selection. Kip joined KM in 1995 and is a portfolio manager and senior research analyst. |
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Colin King, CFA
Senior Research Analyst |
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Colin joined KM as an Equity Analyst in 2012. Prior to joining KM, he worked in assurance services with Ernst & Young and in business valuation with Blue & Co., both CPA firms. Colin has been a licensed Certified Public Accountant in the State of Indiana since 2012. |
