The best returns are more than financial

Value statement

We provide comprehensive wealth management planning for high net-worth clients, serving individuals, trusts, and small businesses. We take an objective approach to portfolio management, tailoring each plan to meet our clients’ specific investment goals while enhancing and protecting wealth. We are committed to providing the highest standard of service and will work alongside CPAs and estate attorneys to be certain our clients’ best interests are being met.

Investment philosophy

We employ asset allocation to select stocks, fixed-income, and managed money to help achieve our client’s financial goals. Specific needs and risk tolerance are important to us; they are carefully weighed in relation to the overall market environment and the behavior of individual investments.

This Month In Market History

We are here to help you look forward and build your future.  In doing so, it's also important to know how we got to where we are today. Below you will find some interesting information that has shaped the landscape of the stock market over the years.  

November 6th, 1928 – Herbert Hoover is elected President of the United States. He would take office March 4th, 1929. During his term, the Dow Jones Industrial Average would fall more than 80%, the worst stock market performance under any president.

November 11, 1918 – World War 1 is over as armistice is signed. The New York Stock Exchange would close for celebration. World War 1 closed the New York Stock Exchange for 4 and a half months, between July 30 and December 12 of 1914. As investors began to realize that the war would bring many profitable opportunities to American manufacturers, stock prices steadily increased during the war. By 1918, stock markets had appeared to have the victory priced in, as there was relatively little action on Wall Street after the armistice to end World War 1 was signed. The Dow Jones Industrial Average fell 1.70% as trading resumed on November 12th. But stock markets had rallied a couple percent a few days prior as rumors circulated that the end of World War 1 was near. The stock market even closed early on November 7th, 1918 after false rumors of an end to World War 1 spread. After World War 1 was over, the U.S. would enter a recession as factory jobs disappeared, exports were greatly reduced, and soldiers came home. U.S. stocks would decline 40% from their post-war high on November 3rd 1919 to August 24th, 1920. This would be the last major decline in the markets until the great depression hit in 1929.

November 14th, 1972 – The Dow Jones Industrial Average closes above 1,000 for the first time in history. However the excitement was short lived as the Dow would fall all the way to 577 by December 1974. This was a time of very high inflation as well, which made the decade long flat market even worse. Adjusting for inflation it would take investors 20 years until their investments got back to this 1972 level!

November 21st, 1995 – The Dow Jones Industrial Average closes above 5000 for the first time. Although the market had already had 5 years of solid returns, 1995 would kick off the meteoric rise in the stock markets, propelled mostly by technology companies. The next 5 years would be some of the best returns in stock market history as investors propelled technology stocks higher and higher. The Dow Jones would triple from the beginning of 1995 to its tech bubble peak of 11,722.98 on January 14th, 2000.

November 22nd, 1963 – President Kennedy is assassinated, U.S stock exchanges would close within 30 minutes of the news. Although the exchanges rushed to close, they could not beat the heavy volume of trading that immediately flooded the market. The Dow Jones Industrial Average would sink 21.16 points, down 2.89%. Stock markets would remain closed for Monday November 25th, and would reopen Tuesday November 26th.

November 29, 1990 – The United Nations issues resolution 678, notifying Iraq that it had until January 15th to leave Kuwait. Iraq would not move, and starting on January 17th, the U.S. air bombardment would begin. In July 1990, the Dow Jones Industrial Average would flirt with the 3,000 level, but never close above it. As Saddam Hussein’s aggression escalated, traders became more and more nervous. The Dow would fall 21%, nearly 650 points from 3,000 to 2,365, as the war seemed more and more inevitable. But as victory became more evident, markets quickly recovered and the Dow would finally break the 3,000 mark on April 17th, 1991.

Proud to Be a National Award-Winning Advisor

At The Carmichael Group we are very proud that financial advisor, Robert Carmichael, is a recipient of the following prestigious awards:

  • 2018 Forbes/SHOOK State-by-State Top Wealth Advisors
  • 2019 Forbes/SHOOK Best-In-State Wealth Advisor

It’s an honor to have a teammate nationally recognized as one of the best in the industry—because it means we are serving our clients well. Congratulations, Robert!


Will political turbulence roil equities?

As Washington grapples with the possible impeachment of President Trump, we look at the potential implications for equity investments. Market performance during past presidential scandals, and the views of institutional investors, suggest economic fundamentals will likely outweigh political drama. Read the full economic outlook in the latest edition of Global Insight.

Creating a lasting legacy

It’s commonly observed in the financial services industry that family wealth rarely lasts across multiple generations—and a new report by RBC Wealth Management may point to some key causes. Watch the video below and download our 2017 Wealth Transfer Report: Lasting Legacy to learn more.

Let's take the next step together

We welcome you to experience the RBC Wealth Management difference yourself. Contact us today to set up a meeting.

Meet the team

Learn more about The Carmichael Group.


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