ODCM - June Newsletter

Old Dominion Capital Management |

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Teammate Spotlight

Happy Birthday to Jeff Blatter who celebrated a birthday in April.

 
 

Happy Birthday to Michael who celebrated his birthday earlier this month.

 
 

We would like to recognize Laura Brier for her 14 years with Old Dominion Capital Management in June. A huge congratulations and thank you to her for all she does for our clients!

 
 

Judd McCoy is using some well-deserved vacation time to attend the U S Open Golf Tournament in Brookline, MA.

 
 

ODCM Update

In April we were proud to sponsor the Arc of the Piedmont Gala as well as the Charlottesville Catholic School’s 27th Annual Gala Auction.

Our offices are closed on Monday, June 20 in observance of Juneteenth (short for June Nineteenth), a holiday commemorating the day which marked the effective end of slavery in the United States.

The markets continue to be volatile due to the Russia-Ukraine war, fears about inflation, rising interest rates and other geopolitical news. We understand that all of this can be very unsettling. Yet historically, we have found that patient investors who stick with their financial plans through periods of market volatility have usually had better success in reaching their financial goals. That's because they participate in the eventual stock and bond market recoveries that have historically followed bouts of market volatility. On the other hand, investors who move to safety may feel more secure in the near term but often miss out as stocks and bonds recover and move to new highs.

Given some of the risks and uncertainties our clients are facing, we continue to use prudence and diligence in the investment decisions that we make. For example, we have gradually been reducing the level of risk across most well-diversified portfolios. And, with bonds, although prices have fallen, these higher yields may lift potential future returns, so, bonds may offer compelling investment opportunities for long-term investors. Therefore, we believe bonds continue to be a critical component of managing risk in a well-diversified portfolio.

Broad diversification, along with periodic rebalancing, tends to pay off in the long run. It’s just hard to focus on the long term, when the market moves as much as it has been as suddenly as it has – we get it. Please rest assured that we are here for you if you have any questions or concerns. If you have not spoken with your Advisor recently, now is a great time to do so!

Finally, On Friday, July 1, 2022, we will become part of Cary Street Partners (Cary Street Partners | Wealth Management Services).

It’s great news for us and for our clients because we will continue to operate as we always have, but will have a much deeper bench in terms of thought leadership regarding investments and financial planning. We’ll have access to better technology, too!

 
 

Client Spotlight

Sharon Dobbins

Recently Divorced

Age: 45

Education: College Educated

Profession: Mom and part-time interior designer

Family: Three sons and a daughter

CHALLENGE:

Regaining Sound Financial Footing After Divorce

SOLUTION:

We understand that women have unique wealth management needs that can be different from men. Our ultimate goal is to deliver the knowledge and the peace of mind necessary to make solid financial decisions that will enable them to experience a life well-lived.

We work with women in a variety of situations, including women who come to us due to transitions such as divorce or loss of a loved one. In Sharon's case, we were able to help her determine an equitable settlement with her ex-husband, so that she had assets and insurance coverage as she started the next chapter of her life. Then we helped her establish an investment plan designed to see her through retirement.

Still taking things one day at a time, she is no longer lost and wondering what to do next. She has the peace of mind of knowing that she has defined her goals and objectives and is working on a plan to realize them.

 
 
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Best of C-Ville 2021 awards determined by C-Ville Weekly during the voting period of June 16, 2021 through July 12, 2021. No fee was paid in exchange for this award and it is not indicative of future performance, is not an endorsement, and may not be representative of individual client’s experience.

 
 
 

RISKS AND OTHER IMPORTANT CONSIDERATIONS

Old Dominion Capital Management, Inc. (“ODCM”) is an SEC-registered investment adviser. This document does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product or service nor shall it be construed or relied upon as providing any type of investment, legal, tax or other advice. Past performance is no guarantee of future results.

The views and opinions expressed here are for informational and educational purposes only as of the date of writing and may change at any time based on market or other conditions and may not come to pass. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. The information provided does not consider the specific objectives, financial situation, or needs of any specific person. All investments carry a certain degree of risk and there is no assurance that an investment will provide positive performance over any period. Equity investments are subject to market risk or the risk that stocks will decline in response to such factors as adverse company news or industry developments or a general economic decline. Debt or fixed income securities are subject to market risk, credit risk, interest rate risk, call risk, tax risk, political and economic risk, and income risk. As interest rates rise, bond prices fall. Noninvestment-grade bonds involve heightened credit risk, liquidity risk, and potential for default. Foreign investing involves additional risks, including currency fluctuation, political and economic instability, lack of liquidity and differing legal and accounting standards. These risks are magnified in emerging markets.

INDEX PERFORMANCE DISCLOSURES

No investor can invest directly into a passive index. Investors should be aware that you cannot achieve the returns shown because an actual account will incur operating and management expenses from its investment and possibly advisory, custodial and/or recordkeeping expenses. The performance returns sampled here do not represent the impact that material economic and market factors might have on an investor’s decision making process if the investor were invested in the market. The calculation of performance differs from actual account performance because the investment strategy may be adjusted by a client at any time for any reasons. The performance returns sampled here reflect the reinvestment of dividends and other distributions. Third party sources collect the data from financial institutions and related types of entities that created the indices and publish the indices values periodically. The third-party sources then calculate performance used in this document. All data is believed to be reliable but is not independently verified by ODCM.