Capsule: Robert Glovsky, Mintz Levin Financial Advisors

"I think it will be a little bit bumpy for the economy and the markets for the first few months of the year, but then we will gain some traction," Mr. Glovsky said. He thinks the second half of 2009 will be strong.
JAN 04, 2009
By  Bloomberg
ROBERT GLOVSKY President Mintz Levin Financial Advisors LLC Boston Assets under management: $850 million Forecast: "I think it will be a little bit bumpy for the economy and the markets for the first few months of the year, but then we will gain some traction," Mr. Glovsky said. He thinks the second half of 2009 will be strong. "Right now, the new administration seems to be well-poised to do some decisive action that will help the economy. President-elect Barack Obama has surrounded himself with excellent people. I also think that will help consumer confidence tremendously," Mr. Glovsky said. The 2009 finish line: Dow: 10,000 Nasdaq: 1600 S&P 500: 950 Tip sheet: Favorite fund: Dodge & Cox Stock Fund (DODGX). Favorite sector: Energy. Next big thing: A major federal stimulus package. "I would have a concern if Congress underdoes it. And they should enact it as soon as possible, because it will take time to kick in," Mr. Glovsky said. Biggest concern: Investor panic. "My concern is that people are going to sit in cash and be afraid to go back into the market. That would be OK if they can live on less and work much longer before retiring. They need to understand there are trade-offs." Reading, watching, listening to: Book: "Team of Rivals" by Doris Kearns Goodwin (Simon & Schuster, 2006). Newspapers: The Wall Street Journal, The New York Times. TV: "This Week With George Stephanopolous" and "Meet the Press."

Latest News

Integrated Partners, Kestra welcome multigenerational advisor teams
Integrated Partners, Kestra welcome multigenerational advisor teams

Integrated Partners is adding a mother-son tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.

Trump not planning to fire Powell, market tension eases
Trump not planning to fire Powell, market tension eases

Futures indicate stocks will build on Tuesday's rally.

From stocks and economy to their own finances, consumers are getting gloomier
From stocks and economy to their own finances, consumers are getting gloomier

Cost of living still tops concerns about negative impacts on personal finances

Women share investing strengths, asset preferences in new study
Women share investing strengths, asset preferences in new study

Financial advisors remain vital allies even as DIY investing grows

Trump vows to 'be nice' to China, slash tariffs
Trump vows to 'be nice' to China, slash tariffs

A trade deal would mean significant cut in tariffs but 'it wont be zero'.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.