CIBC Atlantic Trust in the News

10.10.2017
Forbes
"The Rich Open Up About Family Wealth"
CIBC Atlantic Trust Chairman and Chief Executive Officer John S. "Jack" Markwalter and Senior Wealth Strategist Catherine L. Schnaubelt discuss the firm's G2G (Generation to Generation) Impact program. Read more »

10.09.2017
Financial Times
"US Investors Primed For Blow to Earnings"
“It seems like there is a very low bar that has been set for third-quarter earnings,” said Bryan Reilly, senior investment analyst for CIBC Atlantic Trust Private Wealth Management. “Three per cent or less is a pretty easy hurdle to have set up. That is why you are also seeing appreciation continue.”

10.06.2017
CNBC
"Tax Reform Expectation Has Lifted Economic Outlook"
Chief Investment Officer David L. Donabedian, CFA, appeared on CNBC's Power Lunch to discuss the recent jobs report and the economy. Watch »

10.05.2017
FOX Business
"Markets on Hold a Day After Wall Street Clinched Fresh Record—Update"
"Investors understand data will be flipping over next month due to the impact of hurricanes," said Dave Donabedian, chief investment officer at CIBC Atlantic Trust Private Wealth Management. "But I still think there will be rising confidence in the idea that this economic expansion is not over." Read more »

10.02.2017
Bloomberg
"CIBC Sees Market Looking Through Political Shenanigans"
CIBC Atlantic Trust Private Wealth Management Senior Vice President Don Gimbel discusses geopolitics and talks about the markets. He speaks on "Bloomberg Markets: Middle East." Watch »

09.30.2017
Barron's
"5 Reasons to Doubt the Rally"
[Chinese President Xi Jinping] goosed China’s gross-domestic-product growth a bit with new government stimulus that is turning to tightening, adds David Donabedian, Baltimore-based chief investment officer at CIBC Atlantic Trust, which manages $40 billion in private wealth.

09.25.2017
Fox Business
"U.S. Stocks Edge Lower"
"It feels like we're in a sweet spot for financial assets, where you have a synchronized global expansion while inflation remains low," said David Donabedian, chief investment officer at CIBC Atlantic Trust Private Wealth Management. "There's a lot of focus on Washington, but we shouldn't forget that the strong economic backdrop is always the single most important backdrop for equity markets." Read more »

09.12.2017
Zacks
"4 Top Insurance Stocks to Buy as Irma Loses Steam"
David Donabedian, Chief Investment Officer for CIBC Atlantic Trust, was mentioned in a Zacks.com article about the impact of Hurricane Irma's downgrade to a tropical storm on markets after making landfall in Florida. Read more »

09.18.2017
Private Asset Management
"CIBC Atlantic Trust Buys $8bn Chicago RIA, Eye on Los Angeles"
“Over the last three and half years since Atlantic Trust came together with CIBC, we’re probably one of the best growth stories in private wealth,” John Markwalter Jr., chairman and CEO at CIBC Atlantic Trust, told PAM. John Huber, Bob Bridges and Amit Dhawan, of Team Geneva Advisors, were also mentioned in the article.

09.18.2017
Private Wealth
"Yours, Mine, Ours and 'ART'"
"'Blended families' may not be a legal term, and 'assisted reproductive technology' (ART) may not have yet transformed the legal definition of parenthood. However, both are increasingly common in today’s world, raising some unique estate planning challenges for advisors," writes Judith Saxe, Director of Research and Education for CIBC Atlantic Trust, in an article she bylined for Private Wealth Magazine. Read more »

09.12.2017
Daily Mail
"U.S. Stocks: Financials, Industrials Boost S&P to Record High"
"There's a relief factor, at least for the moment, that North Korea situation has gone a little bit quiet, and the fact that the hurricane over the weekend was not as bad as expected," said Dave Donabedian, chief investment officer of CIBC Atlantic Trust Private Wealth Management. Read more »

09.11.2017
Real Assets Adviser
"Roundtable: The Rise of Impact Investing"
"Previously, investors had to deal with the conflicted decision of whether they wanted to make money or do good," said John C. Tennaro, CIMA, senior investment analyst for CIBC Atlantic Trust. "But impact investing is based on the belief that investors can help others while still helping themselves." Read more »

09.11.2017
Financial Times
"Relief Rally for Insurance Stocks as Worst Irma Fears Avoided"
“It is a relief rally — the old reality versus expectations. [Irma] was not as bad as feared,” said David Donabedian, chief investment officer of Atlantic Trust, a wealth manager.

09.05.2017
Family Wealth Report
"CIBC Completes Purchase of Chicago-Based Wealth Management House"
CIBC Atlantic Trust CEO Jack Markwalter was mentioned in Family Wealth Report's article about CIBC's recent acquisition of Geneva Advisors.

09.05.2017
Financial Times
"US Treasuries Stage Biggest Rally Since March"
“It is primarily a flight to safety,” said Gary Pzegeo, head of fixed income at CIBC Atlantic Trust Private Wealth Management, “with Treasuries being the preferred asset in what could be a volatile environment.”

08.28.2017
The Wall Street Journal
"U.S. Stocks Edge Higher"
“It feels like we’re in a sweet spot for financial assets, where you have a synchronized global expansion while inflation remains low,” said David Donabedian, chief investment officer at CIBC Atlantic Trust Private Wealth Management. “There’s a lot of focus on Washington, but we shouldn’t forget that the strong economic backdrop is always the single most important backdrop for equity markets.”

08.24.2017
CNBC Power Lunch
"Buy Small-Cap Domestic Stocks as Rates Are Set to Rise"
David Donabedian, Chief Investment Officer for CIBC Atlantic Trust, discusses what the markets are watching including recent Washington D.C. drama and the Federal Reserve. Watch »

08.24.2017
Real Assets Advisor
"Roundtable: The Rise of Impact Investing"
"Previously, investors had to deal with the conflicted decision of whether they wanted to make money or do good. But impact investing is based on the belief that investors can help others while still helping themselves," said John Tennaro, CIMA®, Senior Investment Analyst for CIBC Atlantic Trust. Read more »

08.23.2017
Citywire
"Three Professional Buyers Offer Their Outlooks for Q4 and Discuss Possible Plays for a Market Downturn"
John Tennaro, senior investment analyst for CIBC Atlantic Trust, shared his outlook for Q4 and discussed possible plays for a market downturn: "We’ve seen an extended period of historically low volatility especially this year. I think that has been a surprise that has lasted this long and I think for a lot individuals at first glance after the US election, the Brexit vote and what’s happened a little since, it’s surprising that volatility hasn’t jumped probably a little bit more than it has."

08.22.2017
Citywire
"Gatekeepers Look to Alts as Sell-Off Fears Grow"
"We’ve seen an extended period of historically low volatility especially this year. I think that has been a surprise that has lasted this long and I think for a lot individuals at first glance after the US election, the Brexit vote and what’s happened a little since, it’s surprising that volatility hasn’t jumped probably a little bit more than it has," said John Tennaro, CIMA®, Senior Investment Analyst for CIBC Atlantic Trust. Read more »

08.17.2017
Financial Times
"Small-Caps Suffer as Investors Downgrade Prospect of Stimulus"
“Given currency, strengthening international economies, and Washington policies pushing to the right, the fundamentals might indicate more than just a pause in performance as larger caps have distinct reasons for outperformance,” [Bryan Reilly, senior investment analyst for CIBC Atlantic Trust Private Wealth Management] added.

08.08.2017
Financial Times
"US Blue-Chips’ Double-Digit Earnings Set To Continue"
“Additionally, the Washington policy initiatives getting pushed to the right have soured sentiment for domestically-oriented, high taxpayers among US companies,” said Bryan Reilly, a senior investment analyst for CIBC Atlantic Trust Private Wealth Management.

08.08.2017
The Wall Street Journal
"Rates Shmates: Banks Poised to Boost Buybacks and Dividends"
“A combination of attractive valuations, regulatory improvement at the margin, and, while it’s in fits and starts, interest rates and the shape of the yield curve should help as well,” said David Donabedian, chief investment officer of CIBC Atlantic Trust Private Wealth Management.

08.07.2017
Private Asset Management
"The van Gogh Isn’t the Only ART That Requires Planning"
"Before advancements in reproductive technology, one of the most difficult aspects of planning for art was valuing the van Gogh; however, with social norms in flux and remarkable developments in reproductive technology, the structure of the family is evolving," wrote Halsey Schreier, wealth strategist for CIBC Atlantic Trust.

08.02.2017
Financial Times
"US Bank Stocks Hit Post-Crisis High"
Brant Houston, managing director for CIBC Atlantic Trust, commented in the Financial Times on the potential for deregulation by regulators appointed by Donald Trump. “The path is a little clearer for some regulatory relief," he said.

08.02.2017
Family Wealth Report
"An Active Debate On Passive Investing"
John Tennaro, CIMA®, Senior Investment Analyst for CIBC Atlantic Trust, bylined an article for Family Wealth Report in which he argued that active management should be at the core of an overall equity portfolio.

07.21.2017
Citywire
"Falling Fees: Gatekeepers Weigh Active Funds' Price Progress"
"I think it’s not necessarily reducing the fees – sometimes it’s introducing new share classes that can reduce the potential fee to clients. I think you’ll start to see more of that," said John Tennaro, CIMA®, Senior Investment Analyst for CIBC Atlantic Trust. Read more »

07.17.2017
Reuters
"Wall St Holds Steady as Investors Await Big Earnings"
"After new highs that we saw last week, the market deserves a rest as investors await big earnings this week," said Dave Donabedian, chief investment officer of Atlantic Trust. Read more »

07.14.2017
ETF Trends
"Bond, Stock Trading Revenues Drop on Sleepy Wall Street"
"While it wouldn't be herculean to suggest volatility rises a bit from here, barring anything that comes out of left field, we don't envision a strong advance," said Bryan Reilly, a senior investment analyst at CIBC Atlantic Trust. Read more »

07.13.2017
The Wall Street Journal
"Stocks Climb, Driven by Tech Sector"
“Earnings are the single greatest support for this market,” said David Donabedian, chief investment officer at CIBC Atlantic Trust Private Wealth Management. “Expecting to get bailed out by massive fiscal stimulus isn’t a good strategy. It’s all about the earnings now.”

07.13.2017
ETF Trends
"Tech Keeps U.S. Stock ETFs Going Ahead of Earnings Season"
“Earnings are the single greatest support for this market,” David Donabedian, chief investment officer at CIBC Atlantic Trust Private Wealth Management, told the WSJ. “Expecting to get bailed out by massive fiscal stimulus isn’t a good strategy. It’s all about the earnings now.” Read more »

06.30.2017
Citywire
"Falling Fees: Gatekeepers Weigh Active Funds' Price Progress"
John Tennaro, CIBC Atlantic Trust senior investment analyst, agreed that this was factor in fees coming down and a trend that was likely to continue. ‘I think it’s not necessarily reducing the fees – sometimes it’s introducing new share classes that can reduce the potential fee to clients. I think you’ll start to see more of that,’ he said. Read more »

06.29.2017
Financial Times
"Global Bond Market Sell-Off Infects Equities"
“It’s raised the spectre of whether Europe will go through a ‘taper tantrum’ like the US did in 2013, when the mere rumination over trimming stimulus triggered a tantrum in bonds and equities,” said David Donabedian, chief investment officer of [CIBC] Atlantic Trust. “Central banks have been the superheroes of this market cycle, but at some point that had to end.”

06.26.2017
Financial Times
"U.S. Equity Market Rally Hinges on Earnings Growth"
“Corporate earnings have been coming on very strong of late — gone are the headwinds of currency and weakening international economies,” said Bryan Reilly, senior investment analyst for CIBC Atlantic Trust Private Wealth Management.

06.16.2017
The New York Times
"Your Child’s Tuition Is Paid While You’re in Tahiti"
“It’s the happy byproduct of estate planning,” said Linda Beerman, the head of the wealth strategies group at CIBC Atlantic Trust, which typically offers such bill-paying and administrative services to families with $25 million or more with the company. Read more »

06.09.2017
Financial Times
"UK Election Leaves Investors Calm But With Questions Multiplying"
“The markets are just kind of shrugging and moving on”, says David Donabedian, chief investment officer for Atlantic Trust. “There is a sense that the global economy is on its firmest footing since before the great recession.”

06.06.2017
FundFire
"Atlantic Trust Vet Returns to Wealth Strategies Role"
“The reason that I had stepped back originally was that the firm had grown [and] I was in a place where I wanted to step back and focus on some project work,” Beerman says.

06.02.2017
Private Wealth
"Beerman Returns To Head Wealth Strategies Group At CIBC"
Linda Beerman is returning to her former position as head of the Wealth Strategies Group at the CIBC’s Atlantic Trust Private Wealth Management, CIBC announced Tuesday. Read more »

05.31.2017
Streetwise Reports
"Simplification: A Positive Change for MLP Industry, Investors"
Adam Karpf, CFA, portfolio manager for CIBC Atlantic Trust, bylined this article about the MLP sector's current trend toward simplification and the resulting benefits for investors and managers alike. Read more »

05.30.2017
Family Wealth Report
"CIBC Atlantic Trust PWM Names Wealth Strategies Leader"
By returning to her role as head of wealth strategies, Beerman will guide firm-wide initiatives, including Women’s CIRCLE and G2G Impact (Generation-to-Generation), which are focused on outreach to women clients and the next generation of wealth management clients.

05.26.2017
Livestream
"CIBC Rings NYSE Closing Bell"
Kishore Setty, CFA, head of CIBC Atlantic Trust's New York office, joined CIBC yesterday at the New York Stock Exchange to ring the closing bell. Watch »

05.23.2017
Family Wealth Report
"CIBC Atlantic Trust WM On How Investors' Political Biases Can Lead Them Astray"
Donabedian said that in turbulent political times when feelings run high, he and [Propper] remind clients to where possible remove their partisan biases; to focus on the underlying economic picture, including company developments, and not be distracted by the daily “noise”.

05.11.2017
The Wall Street Journal
'Stocks Retreat From Hights on Disappointing Earnings
“You have your normal first-quarter seasonal issues,” said David Donabedian, chief investment officer of CIBC Atlantic Trust Private Wealth Management, who cited the weaker-than-expected GDP reading for the first quarter, “but generally, the first-quarter earnings season gave equities a good boost.”

05.11.2017
ETF Trends
"Retail Earnings Disappoint, Drag on U.S. Stock ETFs"
“You have your normal first-quarter seasonal issues,” David Donabedian, chief investment officer of CIBC Atlantic Trust Private Wealth Management, said, “but generally, the first-quarter earnings season gave equities a good boost.” Read more »

05.11.2017
Barron's
"Europe on Sale: Time to Buy Foreign Stocks"
“Historically, the U.S. premium has been one to 1.5 multiple points, not three,” says David Donabedian, chief investment officer at [CIBC] Atlantic Trust. Valuation isn’t enough of a reason for international stocks to outperform, but better earnings growth could be a catalyst. “The U.S. is much closer to peak earnings than Europe,” he says.

05.05.2017
Fortune
"What to Expect in the April U.S. Jobs Report"
"We have seen a steady increase in anecdotal evidence of a mismatch in the labor force," said David Donabedian, chief investment officer at CIBC Atlantic Trust Private Wealth Management in Baltimore. "There are a number of industries that are having trouble hiring enough qualified personnel and those things will eventually lead to upward wage pressures." Read more »

05.04.2017
CNBC
"Wall Street Drops With Oil Prices, Health Bill Vote Awaited"
"I think the Fed's diagnosis of what happened in the first quarter was basically correct," said David Donabedian, chief investment officer of CIBC Atlantic Trust Private Wealth Management in Washington. Read more »

04.20.2017
Trusts & Estates Magazine
"Fiduciary Law Trends: A Roundup of Significant Court Cases"
"Annually, we learn something new in the fiduciary genre of cases following a year of fiduciary mistakes and tax issues," writes Joshua S. Miller, managing director and senior wealth strategist for CIBC Atlantic Trust.

04.17.2017
Barron's
"2017: Year of the Small-Cap Stock"
Those that have pulled back on high yield are favoring other fixed-income niches largely shielded from interest-rate risk. [CIBC] Atlantic Trust, for example, is emphasizing mortgage-backed securities and floating-rate bank loans, areas that benefit from accelerated economic growth and offer frequently adjusted floating rates.

04.11.2017
CNBC Power Lunch
"Atlantic Trust CIO: Growth is Good, But You Don't Want to Overpay..."
Dave Donabedian, Atlantic Trust CIO, and Kevin Mahn, Hennion & Walsh Asset Management president and CIO, weigh in on the markets as earnings season kicks off. Watch »

04.03.2017
The Wall Street Journal
"Fading Trade-Crackdown Fears Power Overseas Rebound"
“The fact that there hasn’t been much saber rattling there has been greeted favorably by the market,” said David Donabedian, chief investment officer at CIBC Atlantic Trust.

03.27.2017
Financial Times
"US Stocks Knocked as Healthcare Vote Gets Pulled"
“This increases the likelihood that you are going to a get a tax-cut package perhaps sooner than anticipated simply because of the political necessity,” said David Donabedian, chief investment officer at CIBC Atlantic Trust. “The president and the Republicans look like the gang that can’t shoot straight on the healthcare issue. They really need to deliver on tax cuts and fiscal stimulus. Failure is not an option.”

03.25.2017
Barron's
"2017: Year of the Small-Cap Stock"
Those that have pulled back on high yield are favoring other fixed-income niches largely shielded from interest-rate risk. Atlantic Trust, for example, is emphasizing mortgage-backed securities and floating-rate bank loans, areas that benefit from accelerated economic growth and offer frequently adjusted floating rates. Read more »

03.13.2017
The Wall Street Journal
"Rising ‘Real’ Yields Signal Optimism on Economy"
David Donabedian, chief investment officer at CIBC Atlantic Trust, says he believes that, despite an elevated equity-market valuation, stocks will perform well given the improving corporate-earnings outlook and the expected passage of a large fiscal stimulus proposed by President Donald Trump.

03.13.2017
Reuters
"Wall St Dips as Drug Stocks Drag; Fed Meeting in Focus"
"There is a lot of uncertainty in the healthcare sector," said Brant Houston, managing director at CIBC Atlantic Trust Private Wealth Management in Colarado. "Until this whole debate plays out, investors are going to be a little bit concerned about how these stocks will perform." Read more »

03.09.2017
Massachusetts Lawyer Weekly
"Digital Assets Have More Value Than We Think"
"Proper management of our digital property is becoming more important every day. The challenges of cyber security exist while we are alive and continue upon our death." Joshua S. Miller, senior wealth strategist for CIBC Atlantic Trust, co-bylined the article.

03.05.2017
The Wall Street Journal
"Europe’s Economy Rebounds, but Bargain-Priced Shares Draw Fleeting Interest"
“The economic news in Europe is heartening, but we’ve seen this movie before,” said David Donabedian, chief investment officer at CIBC Atlantic Trust.

03.01.2017
Financial Times
"Markets Cool on Trump Speech and Take Cue From Fed Policymakers"
“Markets will take away from this that the assumptions that are already built into the market are on course,” said David Donabedian, chief investment officer at Atlantic Trust. “For people looking for specific policy proposals, they might be disappointed. Basically we heard the president pounding the table on the priorities he has outlined.”

02.24.2017
Reuters
"Wall Street Dips; Dow Poised to Break 10-Day Record Run"
"Until you have some clarity out of the administration, hopefully that comes in 2017, but if it gets pushed out further then investors may lose a little bit of patience," said Brant Houston, managing director at Atlantic Trust Private Wealth Management in Denver. Read more »

02.02.2017
The Wall Street Journal
"Prepping For Inflation, Advisers Focus on Short-Term Bond Market"
“The administration has been focusing on what it can do itself—executive orders—and a number have been in the area of trade and immigration…that’s definitely given investors some pause,” said David Donabedian, chief investment officer at Atlantic Trust Private Wealth Management.

01.30.2017
Private Asset Management
"Prepping For Inflation, Advisers Focus on Short-Term Bond Market"
Dave Donabedian, chief investment officer at Atlantic Trust, has maintained an underweight position in fixed income since 2009, also focusing on bond portfolios with below average duration and sensitivity to direct interest rates. He and his team have expected equities to outperform fixed income since the financial crisis. “We haven’t changed that view, especially now that you see inflation and the direction of interest rates going higher,” he told PAM.

01.30.2017
Financial Times
"Atlantic Trust Appoints Office Heads in NY and Atlanta"
“The trade issue is the single biggest policy risk here,” says David Donabedian, chief investment officer at Atlantic Trust. “We are watching very closely how that unfolds. Is it a lot of sabre-rattling and rhetoric or are we going to see seriously heightened tensions and tit-for-tat actions that lead to a reduction in global trade.”

01.25.2017
FundFire
"Atlantic Trust Appoints Office Heads in NY and Atlanta"
Atlantic Trust has named managing directors Kishore Setty and Scott Thompson to head the firm’s New York and Atlanta, Ga. offices, respectively. The New York office oversees $5.7 billion in assets and the Atlanta office oversees $3.1 billion, according to a company spokeswoman.

01.24.2017
Family Wealth Report
"Atlantic Trust Hires Two New US Office Heads"
Atlantic Trust, which has $29.1 billion in assets under management, has revamped its US leadership team. Atlantic Trust, the US-based private wealth management arm of CIBC, has appointed Kishore Setty and Scott Thompson as head of its New York and Atlanta offices, respectively.

01.23.2017
Private Asset Management
"Atlantic Trust Appoints Nw Atlanta and New York Office Heads"
Atlantic Trust, CIBC’s private wealth management division, has promoted two executive heads to lead its New York and Atlanta offices. Kishore Setty will serve as New York’s office head, while Scott Thompson will serve as head of the firm’s Atlanta office.

01.20.2017
Forbes
"Investors Cheer Trump's Inauguration As America's 45th President"
“The markets will be watching how aggressive President Trump will be in pushing new policies," said David Donabedian, chief investment officer of Atlantic Trust Private Wealth Management. "Executive orders in the very first week of his presidency may indicate what direction his policy changes will take.” Read more »

01.11.2017
Financial Times
"The Dow Jones Industrial Average and 20,000 – Does It Matter?"
David Donabedian, chief investment officer at Atlantic Trust, points out that “everybody loves round numbers as a milestone in the progress of the markets. As an analyst and as a strategist, it means very little other than in the short term it could give an additional boost to the positive sentiment driving the market. When you step back to think about it, it is just a number.”

01.03.2017
Financial Times
"Equity Bulls Enter 2017 Ignoring Expensive Valuations"
Then there is Mr Trump’s antitrade rhetoric. David Donabedian, chief investment officer at Atlantic Trust, says: “There are some unquantifiable risks that may come out of the new administration that are not so positive. The whole issue of trade policy, protectionism and diplomatic policy toward China is a huge deal and a complete unknown at this point.”