AlphaCore CEO Dick Pfister in The Washington Post: The Impacts of the Economy on Investors

This year’s third quarter was a difficult one for investors. The U.S. Federal Reserve announced another aggressive rate hike to tame inflation, all three major indices are down at least 21 percent for the year and a recession appears more fathomable by the week. While low-income Americans have been feeling the strains of our economic environment for months, higher-income earners are now sensing the impacts. To help wealthy investors better understand the new pressures they may be facing, The Washington Post turned to AlphaCore Wealth Advisory CEO and Founder Dick Pfister, CAIA®, for insight.

Pfister tells the publication that stocks, real estate and bonds have all gone down together which has required many clients to take a more proactive approach with their budgeting to negate the economy’s impacts on their assets.

“It’s taken them a little bit longer to feel the pain but it’s starting to affect them too,” Pfister tells the publication. Fortunately, despite last quarter’s inflation and market volatility, consumer confidence and the labor market remain strong as the economy does not appear to be in a recession – yet.

Click here to read the entire article in The Washington Post.

* Indicates a required field

I am interested in learning about the services of AlphaCore Wealth Advisory LLC, an SEC registered investment adviser. By submitting my name and phone number (which I intend and agree will constitute my electronic signature for the purpose of agreeing to this consent), I expressly consent to be contacted by AlphaCore by phone and/or email, even if the number I provide is on a Federal and/or a state "Do Not Call" list. I represent that I am authorized to provide this consent on behalf of the phone number provided and that such consent is given voluntarily. I understand that I am not required to enter into this consent as a condition of purchasing any property, goods, or services.

This consent is effective unless and until revoked by me, which may be done at any time by emailing compliance@alphacorewealth.com, by calling 858-875-4100, or by notifying the representative that calls you.

You may request a copy of this consent or our privacy policy to be emailed or mailed to you by contacting us. Click here to read AlphaCore's privacy policy.

This field is for validation purposes and should be left unchanged.