Litman Gregory Asset Management, a nationally recognized boutique wealth management firm, announced that Jason Steuerwalt, CFA, and Peter Sousa have become principals of the firm.
“We are delighted to welcome Jason and Peter as principals,” said Steve Savage, CEO of Litman Gregory. “They’ve been tremendous contributors to the research and portfolio management that is central to how we serve clients and they embody our firm’s values of excellence, passion, integrity and courage.”
Jason Steuerwalt is a Senior Research Analyst on Litman Gregory’s research team. He joined Litman Gregory in 2013 and is responsible for selecting and monitoring investment managers, with a focus on alternatives including the Litman Gregory Masters Alternative Strategies Fund. He is also Co-Portfolio Manager of the Litman Gregory Masters High Income Alternatives Fund. Prior to joining Litman Gregory, Jason was a Vice President with Hall Capital Partners, focusing on absolute-return hedge funds and private credit strategies.
Peter Sousa is the Director of Portfolio Strategies and a member of the Research Consulting team at Litman Gregory. He joined the company in 2012 and assumed his current role in 2017. Peter is responsible for providing service and support for the suite of Litman Gregory Portfolio Strategies offered to investment professionals. Prior to joining the firm, Peter was in a business development role for the iShares group at BlackRock where he worked with registered investment advisors. Prior to BlackRock, Peter was an Investment Analyst in the Wealth Management divisions at both Lehman Brothers and Credit Suisse.
Litman Gregory has been helping families, individuals, and nonprofits plan for and reach their financial goals for more than three decades. We believe our clients’ peace of mind comes from working with a team obsessed with their financial success. Original research and a disciplined process founded on intellectual honesty guide the decisions we make on their behalf.
Why Is the Market Still Going Up When COVID-19 Risks Remain?
Even as the rate of unemployment remains high, COVID-19 continues to spread in the U.S., and economists forecast a huge drop in economic activity, the stock market continues to rally. We remind our clients that market prices reflect a consensus view about the future and that maintaining a disciplined investment approach is the best way forward.
Why is the Market Going Up When Economic News Looks Grim?
Our clients, and investors broadly, have been asking this important question: How do we reconcile the recent stock market gains, particularly in the United States, with the poor state of the current economy and the weak outlook? In this post, we explain the variables that impact investor behavior and respond to why financial markets can rally in the face of negative news.