Happy New Year???

I usually don’t spend too much time worrying about New Year’s Eve, but unfortunately I was up at 4:30 AM sorting through the various news services on the chance some information would come forth on the status of the “Cliff”. Well it is 10:30 am in Washington and no real substance has been presented. The good news is the market is up and holding firm which is somewhat confusing based on all of the worry emulating from the uncertainty. I doubt we will hear anything until after the market closes so now I get to spend New Year’s Day sorting out whatever happens or doesn’t happen.

I have been asked constantly over the holidays what I think the market will do in 2013 and have started several articles on my observations since I have an aversion to predictions. However, until some clarity from our “leaders” in DC is presented I am maintaining my investment discipline until I see the “whites of their blood shot eyes”.

If something does happen today I will get some info out. I wish everyone a Happy New Year and I am sure you will hear from me early Thursday morning. If you need to talk I will have my cell phone available all day today and tomorrow so please do not hesitate to call.



About billriley

Chief Executive Officer, Chief Compliance Officer A co-founder and shareholder, William Riley is a 33 year industry veteran, who observed, many years ago, that over time institutional investors typically outperform individual investors while accepting less risk. In his role as Chief Executive Officer, Bill works tirelessly to make the wealth management strategies used by the world’s wealthiest families and largest institutions available to our firm’s individual clients. Bill combines fundamental and technical analysis to minimize investment portfolio risk and maximize potential returns. He uses a variety of non-correlated asset classes, including alternative investments, to minimize portfolio volatility and seek absolute returns in down or flat markets. Finally, Bill believes in a comprehensive approach to wealth management that fully coordinates and seamlessly integrates portfolio management, risk management and asset protection, trust, estate, tax and charitable planning. Prior to co-founding Riley Wealth Management ,LLC, Bill held management positions at Merrill Lynch, UBS, Raymond James, Paine Webber and J.C. Bradford. Bill founded Fort Worth branches for Raymond James and J.C. Bradford. Prior to entering the financial services industry, Bill ran his families closely held businesses. Bill’s experience operating family businesses combined with his wealth management experience makes him uniquely qualified to advise entrepreneurs and business owners on a variety of matters including complex and sensitive issues relating to business succession. Bill’s degrees and designations included a Masters Degree in Business Administration (MBA), the Chartered Financial Consultant designation (ChFC), the Chartered Life Underwriter designation (CLU) and the Wealth Management Specialist designation (WMS). A Fort Worth native, Bill is a TCU alum and active in many civic and charitable organizations. Bill and his wife, Marsha, now reside in Colleyville, and they have four grown children and four grandchildren. When he is not working on portfolios or studying financial markets, Bill can be found on the golf courses of Ridglea Country Club.
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