Phil Voelker of AAMA - Black and White in a Gray Market

SHOW NOTES

Today on the podcast, Ben Vaske is joined by Phil Voelker, Chief Investment Officer of Advanced Asset Management Advisors (AAMA) based in Ohio. Phil directs and manages AAMA’s investment policy strategy. With more than 40 years of experience managing securities portfolios, Phil has pursued and secured a broad spectrum of objectives, from short-term cash management to aggressive growth of investments. Before joining AAMA, Phil served as Chief Investment Officer for a large regional investment firm, directing its multi-billion dollar investment portfolio. He is a cum laude graduate of the Ohio State University.

Key Takeaways

• What is Phil’s  favorite home-cooked meal or recipe?
• Learn about Phil’s 50 years in the industry and what AAMA looked like when he joined them in their early days
• What is AAMA’s process like? When they’re looking at the markets, what are they measuring or what do they hone in on?
• When Phil was writing about inflation in 2021, was AAMA expecting this longer term inflation?
• What is Phil’s fundamental read on the overall, current market environment?
• How is Phil reconciling the current combination of strong fundamentals and stretched valuations as he thinks about putting capital to work today?
• What are some of the things that Phil is checking and preparing for in an environment where many companies seem to be priced for perfection?
• What is looking a bit more attractive at the moment according to AAMA’s process?
• Is Phil seeing any value in Fixed Income right now and, if so, where is that?
• What does history teach us about rotating toward value areas when things get over-extended in momentum?
• When clients see their performance not meeting the benchmarks seen on TV surrounding AI stocks, how does Phil recommend handling this conversation?
• From the asset manager’s seat, what does Phil do from a communication and service standpoint to arm his advisors for tough client conversations?
• What are some common mistakes advisors make during speculative times in the market like this?
• What is getting Phil excited and what’s in store for AAMA going forward?
• Is the current market more of a voting machine or a weighing machine?

Links

• Advanced Asset Management Advisors

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