On Tuesday, March 15, 2016 at 6:30 a.m. PST / 9:30 a.m. EST, American Wealth Management from Reno, Nev. rang the opening bell on the New York Stock Exchange (NYSE).
Laif E. Meidell, CMT, president of American Wealth Management and his team have been selected to ring the opening bell as part of a longstanding tradition which has become one of the most enduring symbols of the U.S. capital markets. Participants will include Heidi A. Foster, CFP, vice president; P.J. Parker, client service manager; Traci Canepa, client service specialist; Cindy Christiansen, office administrator; and Cara Meidell, bookkeeper.
The firm manages the AdvisorShares Meidell Tactical Advantage Exchange Trade Fund (NYSE Arca: MATH), which seeks to provide long-term capital appreciation and capital preservation. MATH is sub-advised by American Wealth Management. The Fund is considered a “fund-of-funds” that seeks to achieve this investment objective by managing a tactical strategy that has the ability to dynamically rebalance the Fund’s portfolio from as much as 100 percent equity assets to 100 percent fixed income assets or cash and cash equivalents depending on market trends. The Fund employs a long tactical strategy that seeks to minimize portfolio losses by rotating out of higher volatility assets and lower volatility assets depending on the Fund’s current view of risks in different asset classes.
American Wealth Management’s MATH Fund was one of the first of 30 actively managed Exchange Trade Funds on the NYSE.
According to the NYSE, trading floor bells are more than just a colorful tradition. They are critical to the orderly functioning of the marketplace, assuring that no trades take place before the opening or after the close. The bell ringing can be viewed on the NYSE’s website at nyse.com/bell.
American Wealth Management is an independent financial planning and investment firm in Reno, Nev. founded in 1988. By linking financial planning and investment management together in concert with their clients, they develop a solid and deliberately constructed financial plan individually designed to work toward achieving a client’s financial goals. Their integrated investment management services are available to all of individual and business clients, as well as to trust fiduciaries, endowments and foundations.