Blog - Market News & Updates

Market updates, company news, and financial musings from the investment advisers at Fischer Financial services.

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The foregoing content reflects the opinions of Fischer Financial Services and is subject to change at any time without notice.  Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security.  There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. 

Past performance is not a guarantee of future results.  Indices are not available for direct investment.  Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns.

4th Quarter 2022 – Market Commentary

By Gary C. Sanger, Ph.D., CFA Welcome to 2023! The economic landscape has stabilized somewhat over the past six months, but uncertainty remains high. Except for China, which has oscillated in its health restrictions, the impact of COVID has diminished. Supply chain disruptions are being repaired, and the Fed is beginning to see some success…

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What is an Investment Counsellor?

By Fred D. Fischer, President Wealth management firms by definition cannot hold themselves out to be “Investment Counsellors.” The Investment Advisors Act of 1940, regulating “Registered Investment Advisers” in the U.S., states that a substantial part of its business consists of rendering investment supervisory services. Wealth managers earn a portion of fees by providing financial…

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Does Investment Performance Matter?

by Fred D. Fischer, President Our firm has studied the Investment Advisers Act of 1940 and the Securities and Exchange Act of 1934.  Those laws regulate “Registered Investment Advisers” in the U.S.  The laws and regs do not require investment managers, or other individuals purporting to give investment advice, to measure their performance for each…

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“Registered Investment Adviser” in Central PA

By Fred D. Fischer, President   Fischer Financial Services, Inc. is a “Registered Investment Adviser” in Central Pennsylvania.  We are different than most of the other “Registered Investment Advisers” in our area.  Most everyone else is a Wealth Management firm which is the latest terminology for a Financial Planning firm.  We are purely Investment Management…

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Protecting Our Clients’ Best Interests

By Fred D. Fischer, President   As a “Registered Investment Adviser,” Fischer Financial Services, Inc. serves as a fiduciary for all of our clients.  Our ongoing mission is to protect our clients’ best interests by faithfully managing their investment accounts with the utmost integrity.  This is accomplished by placing the needs of our clients ahead…

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What is a Professional Investment Manager?

By Fred D. Fischer, President   Today, just about everyone and anyone claims to be a “Professional Investment Manager.” The list includes attorneys, accountants, actuaries, wealth managers, financial planners, and bank trust departments. Why are the aforementioned not considered “Professional Investment Managers?” Based on my 30+ years of experience and knowledge as an expert witness,…

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Central PA’s Asset Manager for Small Business Owners and Professionals

By Fred D. Fischer, President   Fischer Financial Services, Inc. serves as an Asset Manager for small business owners and professionals.  Our investment philosophy is to produce the best return with the least amount of risk.  Over the years, our firm has ranked as a “Top Gun” in the Informa Investment Solutions’ PSN database of…

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Central PA Asset Manager is GIPS® Compliant

By Fred D. Fischer, President   We are an asset manager creating wealth by growing client portfolios.  Our firm may be the only one in Central PA which has a 25-year performance track record that is GIPS® compliant and verified by independent auditors.  GIPS standards were designed to provide assurance for investors who want reliable…

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“Registered Investment Adviser” Serving as Investment Counsellors in Central PA

by Fred D. Fischer, President of Fischer Financial Services, Inc.   As a “Registered Investment Adviser” in Central PA, Fischer Financial Services, Inc. can refer to themselves as Investment Counsellors because the firm devotes 100% of its time and resources, and receives 100% of its revenues, for managing investment accounts only.  Few other firms in…

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Revocable Trust vs. Irrevocable Trust: Which Is Best for You?

By Michael Cherewka, Esq. Trusts allow you to avoid probate, minimize taxes, provide organization, maintain control, and provide for yourself and your heirs. In its most simple terms, a trust is a book of instructions wherein you tell your people what to do, when. While there are many types of trusts, the major distinction between…

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2nd Quarter 2018 – Market Commentary

By Gary C. Sanger, Ph.D., CFA It has been six months since passage of the Tax Cuts and Jobs Act, and we are beginning to see its stimulative effects on the U.S. economy. The post-recession bull market is now over nine years old, and shows no signs of slowing in the near future. Despite this…

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10 Types of Trusts: A Quick Look

By Michael Cherewka, Esq. Considering the myriad of trusts available, creating an estate plan that works can seem daunting.  Here’s a look at the basics of ten common trusts to provide a general understanding. All you need to do when meeting with an estate planning attorney is share your goals and insight into your family…

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4th Quarter 2017 – Market Commentary

By Gary C. Sanger, Ph.D., CFA Welcome to 2018! The most significant economic news since my last letter is passage of the Tax Cuts and Jobs Act. While I could write more about the Act than the space I am allotted, most believe it is business, consumer and growth friendly. Some even believe it could…

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2nd Quarter 2017 – Market Commentary

By Gary C. Sanger, Ph.D., CFA U.S. economic growth remains modest, but we are in the third longest recovery in history. As in the past several years, Q1 economic growth was slow at 1.4%. The Conference Board reported that U.S. leading economic indicators rose 0.3% in May, signaling continued expansion. Unemployment continues to drop, leading…

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4th Quarter 2016 – Market Commentary

By Gary C. Sanger, Ph.D., CFA Welcome to 2017! The biggest news this quarter was the election of Donald Trump as the 45th President of the United States. After a few hours of near panic in markets the night of the election, the response since has been very positive. Many Trump policies are pro-business and pro-growth.…

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