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CNBC No. 1 financial advisor: How to navigate an ‘unusual’ market

Disclosure: The annual CNBC FA 100 ranking was published on September 12, 2023 on www.cnbc.com. The methodology which CNBC employed to determine the FA 100 ranking for 2023 can be found here. CNBC receives no compensation from placing financial advisory firms on the list. Additionally, an advisor’s appearance on the ranking does not constitute an individual endorsement by CNBC of any firm.  CNBC updates its list of financial advisors each year, and that ranking only speaks for the 2023 listing.

 

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The U.S. economy’s pace of growth is slowing.  The first quarter’s annualized real Gross Domestic Product (GDP) annualized growth of 1.4% was tempered by decreased federal government spending, lower production of inventory investment, and rising imports. The economy is cooling from a blistering 4.9% growth in the third quarter of 2023, followed by 3.4% in the fourth quarter of last year.  Although we anticipate a slight rebound in second-quarter GDP, tepid growth will likely result over the balance of the year.  There has been a sharp deterioration in economic data relative to expectations in recent months.  Job creation has become mixed, decelerating in April and surging in May.  Other labor market data – including job openings, the quits rate, and business sentiment surveys – have shown weakness.  The open question is whether the current balancing of labor supply and demand is simply a reasonable normalization or the harbinger of more turbulent times ahead.

Continue reading “Luther King Capital Management Second Quarter 2024 Review” →

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Executive Summary:

International equity markets were rangebound during the second quarter as markets digested volatile rate expectations and economic uncertainty.  The MSCI EAFE Index returned -0.1% during the quarter.   

Continue reading “Read our Second Quarter 2024 LKCM International Economic Commentary” →

TWST: Could you tell me about the firm?

Mr. King: Luther King Capital Management is a registered investment advisory firm, based in Fort Worth, Texas, with offices in Fort Worth, Dallas, San Antonio and Austin, principally serving the taxable space that represents about 70% to 75% of our assets under management. And we are an active manager in both the public equity space, as well as fixed income, and an expanding private equity effort as well.

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