Wealth Management had the opportunity to interview Mike Gill,
Portfolio Manager, and the investment committee of Cornerstone
Advisory.
Wealth Management: What do you see as the key themes
in today's wealth management business?
Mike Gill: At Cornerstone Advisory, we see three major themes
taking place in the wealth management business:
- The Rise of Passive Investing -
Customers in our business have never been smarter or more cognizant
of their investment options. As evidenced by the enormous increase
in assets under management at firms such as Vanguard and Blackrock,
investors are looking for different avenues to invest in the stock
market.
- The need for 'something
different' - Many investors believe that the stock market is
expensive, and income generating investments such as CDs and
government treasuries do not pay nearly enough in income to be a
meaningful portion of a portfolio. However, most investors also do
not know how to generate a return outside of
