Jeffrey Sherman and Sam Lau welcome Brenda Vingiello, chief investment officer at Silicon Valley-based wealth management firm Sand Hill Global Advisors, to the latest episode of The Sherman Show, recorded Sept. 13, 2022, during the Future Proof Wealth Festival in Huntington Beach. Ms. Vingiello kicks off the podcast by sharing her career history and how she moved from the buy side to the advisory side at Sand Hill, where she and her team rely on the discipline from their institutional experience to guide their clients (1:30). The group then discuss what Ms. Vingiello and Sand Hill think of traditional asset classes versus the more private markets (3:53), how clients are responding to the firm’s outlook on inflation (6:58) and what the current environment means for Sand Hill clients who have retired or are getting closer to retiring (9:19). In their talk, Ms. Vingiello notes how commodities served as a “lifesaver” within Sand Hill’s diversified allocation coming into this year and how most of Sand Hill’s client base just likes traditional stocks and bonds.
Other topics covered include opportunities in the stock market (10:14), Sand Hill’s stance on the possibility of recession (11:44), the effectiveness of FOMC messaging (14:00) and putting big vacation plans on hold for the next year (16:34). In describing her relationship with clients, Ms. Vingiello says, “Such an important piece of what we do is helping people to not make a bad emotional decision at the wrong time with the market.”
The views and opinions expressed herein are as of the date recorded and should not be construed as an offer to buy or sell any securities. Such views/opinions may differ from those of DoubleLine Capital or other of its affiliates and are subject to change without notice. DoubleLine has no obligation to provide any updates or changes. The following audio presentations represent DoubleLine’s intellectual property. No portion of these presentations may be published, reproduced, transmitted or rebroadcast in any media in any form without the express written permission of DoubleLine. DoubleLine has no obligation to provide any updates or changes. To receive permission from DoubleLine please contact [email protected].
Neither DoubleLine nor any of its affiliates makes any representation or warranty as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed.
DoubleLine is not providing any financial, economic, legal, accounting or tax advice in these podcasts. The receipt of these podcasts by any listener is not to be taken as constituting the giving of investment advice by any DoubleLine entity or individual to that listener, nor to constitute such person a client of any DoubleLine entity. The portfolio risk management process includes an effort to monitor and manage risk, but does not imply low risk.