Capsule: Nick Stonnnington, Stonnington Group LLC

Jan 4, 2009 @ 12:01 am

By Charles Paikert

NICK STONNINGTON

President

Stonnington Group LLC

+ Zoom

Los Angeles

Assets under management:

$250 million

Forecast:

The country is about to enter "an era of sustainability" that will affect both the economy and the financial markets.

"We're at a really important point in the development of our economy, and how we adapt will potentially be one of the most critical turning points in our history, following the Revolution, the Civil War and the Great Depression," Mr. Stonnington said.

The environment will play an increasingly prominent role in the economy. In coming years, "the question will be how do we maintain the economy and the ecology?" he said.

In 2009, sustaining cash flow will be considered more important than a company's growth model, he said. Not coincidentally, Mr. Stonnington said he expects stocks to remain at current levels.

The 2009 finish line:

The Dow: 8,000

The Nasdaq: 1,500

The S&P 500: 900

Tip sheet:

Favorite stock: Broadcom Corp. (BRCM).

Favorite sector: Health care.

Next big thing: Cooperatives.

Biggest concern: Policymakers deferring tough decisions.

Reading, watching, listening to:

Book: "Eco-economy, Building an Economy for the Earth" by Lester R. Brown (W.W. Norton & Co., 2001).

TV: "Lost."

Movie: "Australia."

Website: hulu.com.

0
Comments

What do you think?

View comments

Recommended for you

Featured video

Events

Pershing's Dolly: 3 challenges facing advisers ahead

What are the biggest challenges facing financial advisers today? Pershing Lisa Dolly explains some of the hurdles, and how great advisers are overcoming them.

Video Spotlight

Will It Last As Long As Your Clients Do?

Sponsored by Prudential

Video Spotlight

The Catalyst

Sponsored by Pershing

Latest news & opinion

Wealth management firms struggle with lower fees, fewer new clients

Advisers in North America earned less from clients last year and saw a decline in average fees, according to a new report by PriceMetrix.

These investors are allowed to put $500K into a Roth IRA at once

The HEART Act permits rolling all or part of life-insurance and combat-related-fatality payouts directly into the tax-free retirement plan, but few take advantage.

Labor's Alexander Acosta and SEC's Jay Clayton tell lawmakers they will work together on fiduciary rule

In separate appearances before Senate panels, the regulators stressed the cooperation that Republican legislators and opponents of the DOL fiduciary rule are demanding.

Interns will take on several roles at advisory firms this summer

College students are helping with client prep, firm visioning and long-term projects, among other duties.

10 funds with largest 3-year outflows

Even well-managed funds that have beaten the S&P 500’s 10.1% average annual gain have watched investors flee.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print