October 2018 Fixed Income Markets Review
Posted on November 5, 2018
After a calm and steady, if not stellar, 3Q for fixed income, October gave way to a painful ride in global capital markets.
Career Opportunities at WST
Posted on November 5, 2018
Wilbanks Smith & Thomas is always in search of diverse talent to round out a range of functional groups and important roles at our growing firm.
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.
August 2018 Global Equity Markets Review
Posted on September 12, 2018
US stocks plowed ahead in August, propping up global equities as emerging markets continued to struggle.
Hurricane Florence Update & Information
Posted on September 11, 2018
Important information for September 13th – 14th.
August 2018 Fixed Income Markets Review
Posted on September 6, 2018
In August, returns were positive across the board for US broad fixed income markets and sectors, but short-duration and floating-rate bonds gave way to duration for the first period in many months.
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.
July 2018 Fixed Income Markets Review
Posted on August 8, 2018
While not positive overall for global fixed income markets, July’s mixed returns saw losses less severe than the prior month, while some sectors strengthened.
July 2018 Global Equity Markets Review
Posted on August 8, 2018
After mixed results in June of 2018, global stocks enjoyed strong returns in July.
WST Ranked by FA Magazine in Annual RIA Report
Posted on August 1, 2018
Wilbanks Smith & Thomas was ranked by Financial Advisor (FA) Magazine among 100 of the largest US RIAs.
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?
WST Now Hiring: Operations Associate
Posted on May 3, 2018
WST is seeking to fill the role of Operations Associate supporting our Director of Performance Services and focusing primarily on our firm’s GIPS® (Global Investment Performance Standards) compliance program.
WST 1Q 2018 Commentary
Posted on April 12, 2018
Right on cue volatility returned to the global investment markets in the first quarter of 2018 as the sanguine complacency of 2017 gave way to broad concerns.
War of the Worlds - The Enemy is Us?
Posted on March 26, 2018
When it comes to our opinions, our “better nature” may go against our instincts.
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.
Quick Thoughts on the Past Week: US Equities
Posted on February 6, 2018
While the market sell-off has understandably unsettled many investors, we are encouraging our clients not to be spooked by what we view as “normal” market behavior.
WST 4Q 2017 Commentary
Posted on January 17, 2018
We struggled mightily this quarter to find quotes that capture a moment where economic and market momentum is so strong and risk so underappreciated.
WST Now Hiring: Client Service Associate
Posted on January 16, 2018
WST is seeking to fill the position of Client Relationship Associate/Assistant to support the Relationship Manager in her daily, weekly and monthly tasks.
Life In the Fast Lane
Posted on December 13, 2017
A continuously connected world poses unique challenges to investors; is it possible to be a patient investor in a world set to hyper speed?
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
A Minsky Moment
Posted on November 28, 2017
Confirmation bias will cause our confidence in our assumptions to swell the longer the uptrend lasts and the more money is invested in the trend.
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.
Great Expectations
Posted on October 20, 2017
A basic truth about investing in stocks is this: their value is a derivation of the collective wisdom of the crowd.
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.
Everybody Knows
Posted on August 28, 2017
Information flows faster than ever today in our daily lives and in the financial markets.
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.
Money for Nothing?
Posted on August 11, 2017
Among investors, one of the more hotly debated economic topics is how well behaved inflation data is, as we begin the ninth year of the current economic expansion.
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[1], comprises a list of 638 Registered Investment Advisory firms reporting from
WST 2Q 2017 Commentary
Posted on June 30, 2017
As always the most important consideration in portfolio construction is each clients’ individual financial situation, so communication is the key to success.
The Knowledge Illusion
Posted on June 27, 2017
At the center of Socrates’ objection to written word was a phenomenon known as the knowledge illusion. It arises because we fail to distinguish what is in our own head from that which is in other people’s heads.
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
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