Welcome to Heintzberger | Payne
Heintzberger | Payne Advisors (formerly Northwest Capital Management, Inc.) is an investment advisor registered with the Securities and Exchange Commission. Our clients are retirement plan sponsors, institutional investors, charitable organizations and high-net worth individuals. For some, we act purely in a consulting capacity. For most clients, we act with full discretion, within the constraints of a clearly defined Statement of Investment Policy (or SIP, for short), in the management of their assets. Many of our clients are retirement plan sponsors. For these clients, we act in the capacity as an Investment Manager (as defined by ERISA) in order to alleviate the sponsor of much of its fiduciary liability.
An essential element of our advisory services is the creation of the SIP, a document that sets forth the authority given to us for asset management while establishing the benchmarks against which performance is measured. The process of creating the SIP requires that we come to know the Client's investment objectives and their expectation for performance.
We extensively employ technology to facilitate our communication with clients about the management of their portfolios. Updates regarding transactions and investment performance are posted daily. In addition, we send by mail quarterly performance reports.
We invite you to explore our website to learn more about our services and capabilities. Please feel free to contact us with your questions.
A Brief Note on Recent Market Action
Recent financial headlines have caused a degree of concern among investors. Since July 22, the S&P 500 has shed about 11% of its value and slipped into negative territory year-to-date. In the past two quarterly market commentaries, Heintzberger | Payne has expressed concern about a "soft patch" in upcoming months. It is now clear that this soft patch has arrived for markets. For over two years the US equity market has provided healthy returns. At the same time the broader economy struggled with high unemployment and a stagnant housing market despite unprecedented stimulative efforts by various levels of government and the Federal Reserve. The recent market pullback reflects broadening views that there is an increased likelihood that a second recession may occur....
July 19, 2011
Market Commentary and Outlook
Groundhog Day, Again?
In the 1993 comedy Groundhog Day, Bill Murray plays a weather reporter stuck in the same day in Punxsutawney, Pennsylvania, prior to the town's annual Groundhog's Day ritual. The grumpy weatherman is forced to repeatedly relive the same day until he's able to rectify some of his personal issues. Although we are literally in the middle of summer, investors must feel somewhat like Bill Murray's character: The same headlines are repeating themselves, and the long economic winter drags on despite the recession's official end two years ago in June 2009.