As we turn our calendars from the hot summer to temperate fall months, risk assets have started to cool with the weather, with volatility re-emerging in markets. Equities began the quarter by continuing their upward trend and breaking through record highs, driven by a dip in interest rates and robust corporate earnings reports.
Overland Park-based Prime Capital Investment Advisors recapitalized itself by offering an ownership stake to its financial advisers, adding 88 new partners on Friday.
Prime Capital Investment Advisors (PCIA) is pleased to announce Jason Noble, CFP®, RICP®, of Charleston, S.C., has joined the firm. Noble’s addition establishes a new presence in the Charleston market for PCIA. With nearly two decades of financial services experience, Noble is excited to bring his skills and expertise to the PCIA team.
PCIA believes its unique business model will continue to propel it forward
Risk assets hit a speed bump. September ended deeply in the red for risk assets as global growth concerns began to weigh on the market. September is the first negative month since January and the worst month since March of 2020.
Equities had their worst day since March of 2020 on Tuesday and losses continued until Friday. Domestic equities rose on Friday, but international equities fell further.
School is back in session, and kids are back in the classroom, but they shouldn’t be the only ones getting an education right now.