Hermitage Wealth Management
Our mantra, Timeless Solutions, refers to financial guidance that transcends short-term fleeting tre member FINRA/SIPC. Branch Phone: 804-270-7877
You should expect, and deserve, a financial consultant who will always put your needs first while providing sound and objective advice. At Hermitage Wealth Management our philosophy is straightforward - we develop significant relationships based upon trust, firmly hold ourselves to the highest standard of care, offer sound, cutting-edge advice, and implement ongoing monitoring processes to ensure
Stocks edged higher in August as investors monitored economic reports for the Fed's next move with short-term interest rates
Monthly Market Insights | August 2024 Monthly Market Insights | August 2024 U.S. Markets Stocks edged higher during a volatile month of trading as investors monitored economic reports about the Fed’s next move with short-term interest rates. The Dow Jones Industrial Average led in July, picking up 4.41 percent. The Standard & Poor’s...
The stock market rallied in Q2 around AI and hopes that the Fed will manage interest rates with inflation trending lower.
Quarterly Market Insights | Q2 2024 Quarterly Market Insights | Q2 2024 U.S. Markets Following a rocky start, stocks finished the second quarter higher as investors remained optimistic the Fed will manage interest rates with inflation trending lower. For the quarter, the Standard & Poor’s 500 Index rose 3.92 percent, and the Nasdaq ...
Stocks rallied in May as investors welcomed upbeat Q1 corporate reports and signs of a Goldilocks economy - not too hot, not too cold. The Dow crossed 40,000 for the first time after cooler inflation data raised hopes for a potential rate adjustment.
Monthly Market Insights | June 2024 Monthly Market Insights | June 2024 U.S. Markets Stocks rose in May as investors cheered upbeat Q1 corporate reports and signs that the economy was still strong while not overheating. The Dow Jones Industrial Average gained 2.30 percent, while the S&P 500 Index added 4.80 percent. The tech-heavy Nas...
April's stocks took a hit due to rising inflation and mixed economic news, despite a late-month rally fueled by strong Q1 reports from two mega-cap tech stocks.
Monthly Market Insights | May 2024 Monthly Market Insights | May 2024 U.S. Markets Despite a late-month rally, stocks fell in April as investors struggled with a hotter-than-expected inflation report and mixed news about the economy. The Dow Jones Industrial Average dropped 5.00 percent, while the Standard & Poor’s 500 Index declin...
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The stock market saw solid gains this quarter, with AI news, soft landing signs, and dovish comments from the Fed fueling investor confidence.
Quarterly Market Insights | Q1 2024 Quarterly Market Insights | Q1 2024 U.S. Markets Stocks notched solid gains in the first quarter as enthusiasm about artificial intelligence, signs of a soft landing, and dovish talk from the Fed buoyed investor confidence. For the quarter, the Dow Jones Industrial Average rose 5.62 percent, the Sta...
February saw modest gains thanks to upbeat corporate reports and investor enthusiasm regarding artificial intelligence.
Monthly Market Insights | March 2024 Monthly Market Insights | March 2024 U.S. Markets Stocks notched solid gains last month as upbeat corporate reports and investor enthusiasm surrounding artificial intelligence overshadowed the Fed’s next move with interest rates. The Dow Jones Industrial Average advanced by 2.22 percent, while the...
January's markets saw modest gains thanks to positive economic data and upbeat Q4 corporate reports which helped support prices.
Monthly Market Insights | February 2024 Monthly Market Insights | February 2024 U.S. Markets Stocks saw modest gains last month as positive economic data and upbeat Q4 corporate reports helped support prices. The Dow Jones Industrial Average advanced 1.22 percent, while the Standard & Poor's (S&P) 500 Index gained 1.59 percent. The Nasdaq...
Despite a challenging start to Q4 due to rising bond yields and monetary policy concerns, optimism surged with new inflation data and Fed Chair Jerome Powell's encouraging remarks, leading to a market rally.
Quarterly Market Insights | Q4 2023 Quarterly Market Insights | Q4 2023 U.S. Markets Stocks moved higher in the final three months of the year as bond yields trended lower in growing anticipation of a potential Fed easing. For the three months ending on December 31, the Dow Jones Industrial Average gained 12.5 percent while the Standa...
The fears that dragged on the stock market since August evaporated in November as fresh inflation data reaffirmed continuing progress in the fight against rising prices.
Monthly Market Insights | December 2023 Monthly Market Insights | December 2023 U.S. Markets Stock prices surged last month as positive inflation data and falling bond yields emboldened investors. The Dow Jones Industrial Average gained 8.77 percent, while the Standard & Poor’s 500 Index advanced 8.92 percent. The Nasdaq Composite, whic...
Investors faced challenges as stocks moved lower due to multiple headwinds, including rising bond yields and geopolitical tensions. However, many remain confident as they look for initial indications of consumer strength by gauging early holiday shopping levels.
Monthly Market Insights | November 2023 Monthly Market Insights | November 2023 U.S. Markets Rising bond yields, geopolitical tensions, sticky inflation, and mixed earnings reports combined to push stocks lower last month. The Dow Jones Industrial Average fell 1.36 percent while the Standard & Poor’s 500 Index surrendered 2.20 percent. ...
Stocks faced headwinds in Q3 as bond yields rose, impacting investor sentiment. With inflation data and interest rates in focus, market watchers anticipate a potential rate hike.
Quarterly Market Insights | Q3 2023 Quarterly Market Insights | Q3 2023 U.S. Markets Stocks lost a portion of their first-half gains in the third quarter as a continued tight monetary bias from the Federal Reserve sent bond yields higher, unsettling stock investors throughout August and September. For the three months ending September...
Despite challenges from rising yields and credit downgrades, stocks staged a late-month rally. All eyes are now on the Fed's upcoming meeting, while National Preparedness Month reminds us to get equipped for unexpected challenges.
Monthly Market Insights | September 2023 Monthly Market Insights | September 2023 U.S. Markets After sliding for much of last month on rising yields, credit rating downgrades, and economic weakness out of China, stocks staged a late-August rally to help trim losses. The Dow Jones Industrial Average lost 2.36 percent, while the Standard & P...
"Hermitage Wealth Management brings Allison Francisco aboard as Retirement Plan Relationship Manager."
HERMITAGE WEALTH MANAGEMENT BRINGS ALLISON FRANCISCO ABOARD AS RETIREMENT PLAN RELATIONSHIP MANAGER Hermitage Wealth Management, a financial planning firm announced the successful recruitment of Allison Francisco of Richmond, VA., with over 7 years’ experience as a third-party administrator in the retirement plan industry.
August may be a hot and busy month for economic news, with investors closely monitoring Fed Chair Powell’s monetary policy remarks in the upcoming Economic Policy Symposium in Jackson Hole. In the meantime, here are the latest labor market stats, inflation data, international market performance, sector trends, and more.
Monthly Market Insights | August 2023 Monthly Market Insights | August 2023 U.S. Markets Stocks added to their strong year-to-date gains in July as investors cheered decelerating inflation, better-than-expected corporate earnings, and healthy economic data. The Dow Jones Industrial Average gained 3.35 percent, while the Standard & Poor....
In Q2, the stock market continued its upward trend, driven by cooling inflation, a potential shift in monetary policy, and growing excitement around artificial intelligence (AI).
Quarterly Market Insights | Q2 2023 Quarterly Market Insights | Q2 2023 U.S. Markets Stocks extended their rally in the second quarter, boosted by cooling inflation, the prospect of a shift in monetary policy, and enthusiasm over artificial intelligence. For the three months ending June 30, the Dow Jones Industrial Average added 3.41....
Hermitage Wealth Management has recently been voted as one of the Best Financial Planning Firms in Central Virginia by Virginia Living*. This recognition highlights the firm's commitment to client success, expertise, and holistic approach to financial planning. With a focus on personalized strategies, transparent communication, and community engagement, Hermitage Wealth Management stands out as a trusted partner for individuals seeking comprehensive wealth management services.
Hermitage Wealth Management: Among Central Virginia's Best Financial Planning Firms Hermitage Wealth Management, Inc. was voted by Virginia Living as one of the Best Financial Planning Firms in Central Virginia.
With the Federal debt ceiling fight resolved and the potential of further artificial intelligence innovations on the horizon, stocks had a mixed month in May. For more, check out the Monthly Market Insights for June 2023 for a comprehensive overview of stock prices and market trends.
Monthly Market Insights | June 2023 Monthly Market Insights | June 2023 U.S. Markets Stock prices were mixed as enthusiasm over the economic potential of artificial intelligence was offset by concerns about the federal debt ceiling. The Dow Jones Industrial Average lost 3.49 percent, while the Standard & Poor’s 500 Index notched a s...
Market Update! April saw a tech stock rally despite recession fears and mixed earnings reports. Dow Industrials led with a 2.5% gain, while S&P 500 gained nearly 1.5%, and Nasdaq was flat. In May, the focus is on the Fed's next move, economic data, and bank lending activity. Stay up-to-date with our monthly market report.
Monthly Market Insights | May 2023 Monthly Market Insights | May 2023 U.S. Markets The Dow Jones Industrial Average led, picking up 2.48 percent. The Standard & Poor’s 500 Index rose 1.46 percent, while the Nasdaq Composite was flat (+0.04 percent).1 Rest at the end, not in the middle. Kobe Bryant, 18-time NBA All-Star, winner of f...
Investors were forced to navigate a tricky first quarter of 2023, having to contend with corporate earnings, shifting monetary signals, and troubles in the banking sector.
Quarterly Market Insights | Q1 2023 Quarterly Market Insights | Q1 2023 U.S. Markets Stocks posted solid gains in the first quarter as investors navigated corporate earnings, shifting monetary signals, and troubles in the banking sector. For the three months ending March 31, the Dow Jones Industrial Average rose 0.38 percent while the...
Investors maintained an anxious eye on the Fed over worries it would maintain its tight monetary posture due to ongoing inflation.
Monthly Market Insights | March 2023 Monthly Market Insights | March 2023 U.S. Markets Stock prices stumbled in February owing to growing worries that the Fed would maintain its tight monetary posture in the face of continuing inflation. For the month, the Dow Jones Industrial Average lost 4.19 percent, whereas the Standard & Poor’s ...
Investors showed a buying mood in January with stocks rallying due to moderating inflation, a better-than-feared earnings season, and healthy economic data.
Monthly Market Insights | February 2023 Monthly Market Insights | February 2023 U.S. Markets Stocks rallied in January as moderating inflation, a better-than-feared earnings season, and healthy economic data put investors in a buying mood. For the month, the Dow Jones Industrial Average rose by 2.83 percent, the Standard & Poor’s 500 In...
Stocks ended a volatile fourth quarter with a slight gain, helping to repair some of the damage since the beginning of the year. Read more to dive into the details of how the final quarter of 2022 ended.
Quarterly Market Insights | Q4 2022 Quarterly Market Insights | Q4 2022 U.S. Markets Stocks ended a volatile fourth quarter with a slight gain, which helped repair some of the damage since the beginning of the year. For much of the quarter, sentiment was boosted by stronger-than-expected earnings, a deceleration in inflation, and a gr...
Stocks surged higher in November on rising optimism that the Fed would slow down future interest rate hikes. Will we see a change in December?
Monthly Market Insights | December 2022 Monthly Market Insights | December 2022 U.S. Markets Stocks surged higher in November on rising optimism that the Fed would slow down future interest rate hikes. The Dow Jones Industrial Average gained 5.67 percent, while the Standard & Poor’s 500 Index picked up 5.38 percent. The tech-heavy Nasda...
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Stocks posted big gains in October as “old economy” names reported solid earnings while mega-cap techs struggled.
Monthly Market Insights | November 2022 Monthly Market Insights | November 2022 U.S. Markets Stocks posted big gains in October, propelled by better-than-expected corporate reports. The Dow Jones Industrial Average led, gaining 13.95 percent. The Standard & Poor’s 500 Index tacked on 7.99 percent, while the Nasdaq Composite added 3.90 p...
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Our Story
You should expect, and deserve, a financial consultant who will always put your needs first while providing sound and objective advice. At Hermitage Wealth Management our philosophy is straightforward - we develop significant relationships based upon trust, firmly hold ourselves to the highest standard of care, offer sound, cutting-edge advice, and implement ongoing monitoring processes to ensure accountability.
Securities and investment advisory services offered through Royal Alliance Associates, Inc. (RAA), member FINRA/SIPC. RAA is separately owned and other entities and/or marketing names, products or services referenced here are independent of RAA.
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3761 Westerre Pkwy Suite G
Richmond, VA
23233
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Wednesday | 8am - 5pm |
Thursday | 8am - 5pm |
Friday | 8am - 5pm |
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