August 2023 | Fixed Income Markets Review
Posted on September 13, 2023
In August, fixed income assets saw predominantly negative returns, notably with the Bloomberg Barclays US Aggregate Bond Index posting a -0.64% return. Shorter-duration bonds emerged as top performers during this period, led by floating rate notes, short-term Treasuries, and leveraged loans, while underperformers included emerging markets debt, municipals, and long-term Treasuries.
August 2023 | Global Equity Markets Review
Posted on September 13, 2023
In August, the financial markets experienced a downturn — following robust performance in the preceding two months of June and July — although the stock market rebounded by 3.2% from its mid-month low, partially mitigating the overall losses during the month.
Wilbanks Smith & Thomas Recognized as a Top Financial Advisor by CNBC
Posted on September 13, 2023
Wilbanks Smith & Thomas is pleased to announce it has been recognized in CNBC's highly anticipated FA 100 ranking for 2023.
Lawrence Bernert, III Named to Virginia 500 Power List
Posted on September 1, 2023
Wilbanks Smith & Thomas is pleased to announce that Principal and Portfolio Manager, Lawrence Bernert, III has been named to the prestigious Virginia 500 Power List for the second consecutive year.
Selling Your Business | 7 Strategies for Minimizing Taxes
Posted on August 15, 2023
While every business owner's circumstances are unique, there are several common estate planning strategies that can reduce the tax implications of asset transfers, potentially saving millions of dollars. This additional part to our guide to Selling Your Business uncovers 7 strategies in accomplishing this.
Selling Your Business | A Comprehensive Guide
Posted on August 15, 2023
Selling a business is undoubtedly one of the most significant financial decisions in one's life. If you're navigating this process for the first time, it's natural to have many questions. This 2-part guide helps answer some of those questions.
Wilbanks Smith & Thomas Recognized as a Top 100 Firm by FA Magazine in the 2023 RIA Survey and Rankings List
Posted on August 2, 2023
Wilbanks Smith & Thomas Asset Management, LLC, a leading wealth management firm headquartered in Norfolk, Virginia, is pleased to announce that it has been recognized by FA Magazine as a Top 100 RIA.
To Raise or Not to Raise: The History & Impact of the Federal Debt Ceiling
Posted on May 8, 2023
This year's headlines have given rise to several short-term concerns for investors, including the ongoing debate about the federal debt ceiling. Here's what you need to know.
Virginia Ranked "Best State to Retire"
Posted on May 3, 2023
WalletHub's recent study, "2023's Best States to Retire," has ranked Virginia as the best state to retire. The study evaluated all 50 U.S. states based on three major categories: affordability, quality of life, and access to healthcare.
1Q 2023 | Economic & Markets Commentary
Posted on April 12, 2023
Global equity markets rallied in the first quarter, supported by investor expectations for a monetary policy shift from the Federal Reserve. Fixed income assets experienced rising interest rate volatility as yields fell in March following their rise in the prior two months. The recent banking sector crisis seems to be averted as measures from policymakers have provided ample liquidity to US institutions.
WST Capital Management Named Top Guns Manager for Fourth Consecutive Quarter
Posted on February 21, 2023
WST Capital Management, the ETF strategy division of Wilbanks Smith & Thomas offering a platform of risk-managed, model-based asset class investment solutions, has been named to the celebrated PSN Top Guns List
4Q 2022 | Markets & Economic Review
Posted on January 6, 2023
Global equity markets rallied in the fourth quarter buoyed by investor speculation on the Fed’s slowdown of quantitative tightening. Fixed income finished the period largely positive amid investors navigating the most challenging year for bonds in decades. Read more here.
Informa Investment Solutions Names WST Capital Management Top Guns Manager for Third Consecutive Quarter
Posted on November 21, 2022
WST Capital Management named Top Guns Manager for Credit Select Risk-Managed strategy.
August 2022 | Global Equity Markets Review
Posted on September 12, 2022
Strong employment data and the Fed’s reasserted commitment to combat inflation forced investors to adjust their expectations regarding size and tenure of interest rate hikes, creating downward pressure on global equity markets.
WST Principal Named to 2022 Virginia 500 Power List
Posted on August 30, 2022
WST is pleased to announce that Lawrence Bernert III, CFA, Principal at WST, has been named to the 2022 Virginia Business 500 Power List
WST Controller Named Finalist for VA Business Annual CFO Awards
Posted on August 3, 2022
Wilbanks Smith & Thomas is pleased to announce that Ana Gomes, CPA has been named a Finalist for VA Business' 17th annual CFO Awards.
2Q 2022 | Markets & Economic Overview
Posted on July 11, 2022
Global equity markers extended their losses in the second quarter as investors continue to confront the headwinds of persistent inflationary pressures and hawkish policy measures from central banks globally. Fixed income assets have given investors little reprieve from the market sell-offs while bonds have experienced their worst start to a calendar year on historical record.
Informa Investment Solutions Names WST Capital Management Top Guns Manager
Posted on May 20, 2022
WST Capital Management was named a Top Gun with ratings of 2 stars for the period ended 1Q2022 — the current maximum number of stars for the strategy’s category.
4Q 2021 | Quarterly Economic & Markets Review
Posted on January 11, 2022
Global equity markets exhibited strong performance during the fourth quarter even as investors faced renew Covid uncertainty, rising inflation and a Fed policy pivot. Amid an uptick in interest rate volatility, fixed income assets saw mixed results over the period as short- and intermediate-term yields rose along the U.S. Treasury yield curve.
3Q 2021 | Quarterly Economic & Markets Review
Posted on October 18, 2021
“Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.” -Sam Ewing “Some say the world will end in fire, Some say in ice….” -Robert Frost Investment markets proved resilient for most of the third quarter as generally positive economic
Wilbanks Smith & Thomas Named to Inside Business' Top Workplaces List
Posted on August 17, 2021
WST is pleased to announce its naming to Inside Business' list of Top Workplaces of 2021.
July 2021 | Global Equity Market Review
Posted on August 12, 2021
July was another positive month for U.S. equities, with the S&P 500 Index producing a total return of 2.38%. Broader market domestic indices lagged with S&P Mid Cap 400 Index returning just 0.35% and the S&P 600 Small Cap Index falling into negative territory for the month at -2.39%. The
July 2021 | Fixed Income Markets Review
Posted on August 12, 2021
Fixed income returns were generally positive for the month of July as long-term yields fell for the fourth consecutive month. The Bloomberg Barclays U.S. Aggregate finished the month up 1.12%, bringing the year-to-date total return to -0.50%. Long-term rates continued to trend down throughout the month, with the ten and thirty-year
WST Principals Named to Inside Business 2021 Power Lists
Posted on May 19, 2021
WST is pleased to share that Wayne Wilbanks, co-founder and Managing Principal, was named to the Emeritus list and Larry Bernert, Principal, was named to The Next 75 list.
1Q 2021 | Economic & Markets Overview
Posted on April 19, 2021
Although investors have seen improving trends around coronavirus and economic activity as of late, uncertainty still remains throughout capital markets as we emphasize the importance of a globally diversified approach to client portfolios.
2Q 2020 Economic & Market Overview
Posted on July 17, 2020
As we pass the halfway point in the year, New Year's Day seems a distant memory. 2020 began with optimism and high expectations for the economy and markets, but that optimism has given way to a general sense of unease and anxiety about the future.
WST Principals Named to 2020 Inside Business Power List
Posted on May 19, 2020
WST is pleased to share that Wayne Wilbanks, co-founder and Managing Principal, and Larry Bernert, Principal, were once again named to this list.
Wilbanks Smith & Thomas Asset Management, LLC Is Joined by Virginia Capital Strategies
Posted on February 3, 2020
Wilbanks Smith & Thomas Asset Management, LLC (WST) – a Norfolk, Virginia-based wealth management and investment advisory firm – is pleased to welcome under its banner a Roanoke, Virginia-based investment management firm, Virginia Capital Strategies (VCS).
WST Commentary: 4Q 2019 Markets & Economic Update
Posted on January 29, 2020
Investors wrapped the year with a risk-on flourish largely driven by progress around US-China trade negotiations, coordinated monetary easing and an improved global economic backdrop – driving continued momentum in global equities while fixed income markets finished 4Q with modestly positive returns.
The SECURE Act: Key 2020 Provisions
Posted on January 6, 2020
On December 20th, 2019, President Trump signed into law a piece of legislation intended to strengthen retirement security, referred to as the Setting Every Community Up for Retirement Enhancement Act, or SECURE Act. WST lists key provisions that took effect on January 1st, 2020.
November 2019 - Fixed Income Market Review
Posted on December 2, 2019
Capital markets flows favored the bolder (i.e., riskier) asset classes in November, with constructive trade discussions and economic data boosting equities and corporate debt while prompting some runoff in global sovereign bonds.
Fixed Income Market Review: 3Q 2019
Posted on October 21, 2019
The quarter opened with mixed, if largely muted, results for global bonds in July before a strong August showing, as equities sold off in response to escalating trade conflicts and macroeconomic headlines that continue to upset the global growth outlook.
Global Equity Market Review: 3Q 2019
Posted on October 15, 2019
September results may have teased long-awaited equity rotations – with value topping growth, small-cap outperforming and signs of life observed in ex-US stocks – but 3Q overall evidenced the same themes and performance drivers from 2Q.
August 2019 - Global Equity Market Review
Posted on September 4, 2019
Following an overall positive result in a quiet July, August saw volatility uncorked and equity markets capitulate as the US-China Trade War escalated and investors connected the dots between worrying aspects of the global macro picture.
May 2019 - Global Equity Markets Review
Posted on June 5, 2019
As US-China trade talks unraveled in May so too did equity markets, with global stocks down 5.8%. After leading on the upswing for all of 2019, the S&P 500 (down 6.4%) underperformed developed international stocks (-4.7%). Read the full market review here.
WST Proud to Lend a Hand: YWCA Adopt-a-Room Project
Posted on May 28, 2019
On May 9th, 2019 the Wilbanks Smith & Thomas team had the pleasure of providing hands-on support for the YWCA Adopt-a-Room Project. Read more, and see the before and after transformation, by clicking here.
WST Principals Named to 2019 Inside Business Power List
Posted on May 20, 2019
WST congratulates Wayne Wilbanks and Larry Bernert for recognition in the 2019 Inside Business Power List.
April 2019 - Fixed Income Markets Review
Posted on May 15, 2019
Core bond markets in April took a breather and saw mixed results as investors continued to expand equity multiples and push risk-asset indices past all-time highs. The month proceeded without disruption to key positive themes including, but not limited to, increased optimism around economic recovery in China. Read more here.
April 2019 Global Equity Markets Review
Posted on May 7, 2019
The month of April proceeded without disruption to key positive themes including increased optimism around economic recovery in China, anticipated resolution of the U.S.-China trade conflict and perhaps most importantly, global central banks tilting highly accommodative.
WST 1Q 2019 Commentary
Posted on April 17, 2019
After enduring a 9% slide in December that led to a 14% decline for the fourth quarter, U.S. stocks began 2019 with their best January since 1987 and their best quarter since 2009. Now, with stocks having recouped almost all of last year’s declines, investors face the same questions and risks that emerged in 2018.
Inflation: What's in a Number?
Posted on April 12, 2019
In his March 20, 2019 news conference, Fed Chairman Jay Powell stated the decision of the Federal Open Market Committee (FOMC) to momentarily pause its interest rate increases. Historically, the Fed will attempt to curb inflation through interest-rate increases and vice-versa, therefore, it is significant what measure of inflation the Fed uses and the level at which it drives their policy decisions. Read more on it here.
WST Ranked Among Top Fee-Only RIAs in the US Southeast
Posted on January 17, 2019
WST is pleased to announce its recognition by InvestmentNews.
US Labor Market: A Bright Star, But Is It Burning Too Hot?
Posted on January 14, 2019
While overall highly positive for the US economy, the condition of the labor market does drive mixed impacts across other metrics of economic health, including wage growth, productivity, inflation and interest rates.
WST 4Q 2018 Commentary
Posted on January 8, 2019
As the fourth quarter progressed, the challenges and concerns increased in visibility and severity, leading investors to reassess risk exposures and ratchet down return expectations. Volatility exploded, and prices fell in virtually all asset classes except bonds as the market reacted to daily and even hourly news bytes. Read more on 4Q 2018 here.
November 2018 Fixed Income Markets Review
Posted on December 5, 2018
Fixed income broad-markets offered a strong showing throughout a choppy November. While risk-off sentiment periodically got the better of equities during the month, core US bonds rose steadily and emerging markets were the overall leader.
WST Capital Management Named Top Guns Manager for 3Q 2018
Posted on November 27, 2018
Informa Investment Solutions names WST Capital Management Top Guns Manager for the third quarter of 2018.
October 2018 Global Equity Markets Review
Posted on November 2, 2018
After a placid, positive 3Q, October opened the floodgates for global equity markets and delivered the second 10% correction in 2018. Defensive assets, styles and sectors benefitted from a risk-off rotation, while the month exacerbated painful trends in emerging markets.
WST 3Q 2018 Commentary
Posted on October 15, 2018
Investors set aside concerns about Fed tightening, rising interest rates, trade wars and deficit spending, focusing instead on the strength of the domestic economy and robust corporate profit growth in 3Q of 2018. The U.S. economic recovery is in its 10th year, and the current expansion is the second longest since World War II.
VSCPA Specialized Knowledge Day: Presentation by Paul Ferwerda, CFA
Posted on October 5, 2018
VSCPA will be holding their Specialized Knowledge Day; a day-long program that will take place at the Chesapeake Conference Center. WST is pleased to feature in this year's line-up of speakers. Find registration information here.
WST Capital Management Named Top Guns Manager by Informa Investment Solutions
Posted on September 5, 2018
WST Capital Management, a division of Wilbanks Smith & Thomas, has been awarded a Top Guns designation by Informa Investment Solutions’ PSN manager database.
U.S. Consumer Confidence Climbing Towards 18-Year High
Posted on August 31, 2018
In August the Index hit its highest level since October 2000, but the data shows higher confidence in current conditions than in the immediate future.
Wilbanks, Smith & Thomas Named One of P&I’s Largest Money Managers
Posted on July 24, 2018
Wilbanks, Smith & Thomas Asset Management, LLC (WST), Virginia-based asset management firm, is pleased to announce recognition by Pensions & Investments (P&I) in recently-published 45th annual Largest Money Manager Special Report.
WST 2Q 2018 Commentary
Posted on July 15, 2018
With optimism about positive economic fundamentals tempered by concerns about a potential trade war, interest rates and corporate earnings, financial markets responded to new and evolving challenges in the second quarter. Our quarterly economic and markets commentary includes a discussion of key themes and factors that drove higher volatility and wider dispersion of asset class returns in 2Q.
Milestones Without Context? The 10-year Treasury Yield Hits 3%
Posted on May 8, 2018
In late April, headlines balked at a US 10-Year Treasury yield above 3% for the first time in several years. Is that threshold even significant, and what might it mean for equities?
Cybersecurity Insights & Best Practices
Posted on February 12, 2018
At WST, our cybersecurity efforts are robust, constantly evolving and a critical focus for our firm. However, because identity theft lays the groundwork for fraud, we believe client education is the best defense against cybercrime resulting in financial loss.
WST Capital Management Named Top Guns Manager by Informa Investment Solutions
Posted on December 8, 2017
WST Capital Management, a division of Wilbanks Smith & Thomas Asset Management LLC, has been awarded a Top Guns designation by Informa Investment Solutions’ PSN manager database, North America’s longest running database of investment managers. The firm received Top Gun recognition for Credit Select Risk-Managed in the ETF US Fixed
WSTCM Credit Select Risk-Managed Fund Recognized by Morningstar
Posted on November 16, 2017
Norfolk, Virginia-based investment manager Wilbanks Smith & Thomas Asset Management LLC (WSTAM) is pleased to announce positive recognition of its WSTCM Credit Select Risk-Managed Fund (“the Fund”) by Morningstar, the noted fund research provider.
Just the Facts, Ma'am
Posted on November 2, 2017
When faced with making important decisions about long-term investments, we want to be confident in our sense that we can predict the future. The truth, however, is that uncertainty is part of life and also a distinct fact of investing in stock markets.
WST 3Q 2017 Quarterly Commentary
Posted on October 15, 2017
The global "bull market in everything" continued in the third quarter with stocks around the world finishing at all-time highs, bond yields hovering near all-time lows, credit spreads continuing to narrow, and private equity, debt, and real estate funds all reporting preliminary results in line with the strong returns in the public markets.
Equifax Data Breach: Information & Guidance for WST Clients
Posted on September 22, 2017
As news circulates of the recent Equifax data breach, our goal is to ensure you are aware of the situation and equipped with accurate information and trusted risk management resources.
Trying to Reason with Hurricane (and Earnings) Season
Posted on August 22, 2017
The Atlantic hurricane season lasts for six months, approximately from early to June to late November, with a peak in activity each year around mid-September. Equity investors, too, have a watchful season.
Revisiting Risk in an Euphoric Market Environment
Posted on July 19, 2017
The existence of a trade-off between the opportunities for gain against the possibility of loss is not in debate. Nor are the mathematical calculations behind each side of the equation subject to argument. However, where investors do take sides is what the definition of risk really means.
WST Featured in RIA Rankings Published by Financial Advisor Magazine
Posted on July 17, 2017
WST featured in RIA Rankings Published by Financial Advisor Magazine Wilbanks Smith & Thomas was recently named in the 2017 Top RIA Ranking produced by Financial Advisor Magazine. The voluntary survey, published in this month’s edition of the magazine, comprises a list of 638 Registered Investment Advisory firms reporting from
O Brother, Where Art Thou? Thoughts on Surging Stocks, the Fed and Hidden Treasure
Posted on June 19, 2017
An analysis of market breadth (or lack) of participation by the average stock in the indexes can usually be argued from both sides.
WST on Bloomberg TV: November 2016
Posted on November 11, 2016
Wayne Wilbanks, chief investment officer at Wilbanks Smith & Thomas Asset Management, discusses the market rally following the election of Donald Trump, U.S. valuations and the outlook for the bond market. He speaks to Bloomberg's Betty Liu and Yvonne Man on "Bloomberg Daybreak: Asia." (Source: Bloomberg) This information presented in any
WST on Bloomberg TV: August 2016
Posted on August 30, 2016
Wayne Wilbanks, chief investment officer at Wilbanks, Smith & Thomas Asset Management, discusses the low volumes in the markets, the timing of the next Fed rate hike and negative interest rates. He speaks to Bloomberg's Ramy Inocencio and Yvonne Man on "Daybreak Asia." (Source: Bloomberg) This information presented in any of
WST on Bloomberg TV: May 2016
Posted on May 24, 2016
Wayne Wilbanks, chief investment officer at Wilbanks, Smith & Thomas Asset Management, discusses the rally in U.S. stocks with Bloomberg's Angie Lau on "First Up." (Source: Bloomberg) This information presented in any of the above publications/media appearances represents opinions of Wilbanks Smith & Thomas and are subject to change from time
WST on Bloomberg TV: April 2016
Posted on April 13, 2016
Wayne Wilbanks, chief investment officer at Wilbanks Smith & Thomas Asset Management, discusses U.S. earnings season, its impact on the markets and his strategy for investors. He speaks to Bloomberg's Angie Lau on "First Up." (Source: Bloomberg) This information presented in any of the above publications/media appearances represents opinions of Wilbanks
WST on Bloomberg TV: February 2016
Posted on February 5, 2016
Wayne Wilbanks, chief investment officer at Wilbanks, Smith & Thomas Asset Management, discusses the possibility of a U.S. recession. He speaks with Bloomberg’s Angie Lau on "First Up." (Source: Bloomberg) This information presented in any of the above publications/media appearances represents opinions of Wilbanks Smith & Thomas and are subject to