As part of the firm’s continuing education efforts and Lunch & Learn lecture series, IKM Incorporated hosted Robert Fragasso, CFP, president of Fragasso Financial Advisers, for a one hour discussion on the current economic situation.
Mark Witouski, vice president and leader of IKM’s Continuing Education Cohort responsible for planning and bringing speakers into the office said, Bob’s presentation was very informative, we need to know what to expect then position the firm to respond to those market conditions.
With history as the guide, Mr. Fragasso reassured staff that while no economic downturn is pleasant the situation is not that unlike times past, such as the 1970s.
Mr. Fragasso said, No one can predict the future, however, history would indicate we are looking at an economic recovery in the next couple of years. He continued, But here is an important point, the investment markets typically lead the economic recovery and could begin to recover much sooner.
During Q&A, IKM staff asked questions about the healthcare industry and other subjects of interest. The outlook is positive, changes will occur, and these times will spawn innovation and industry to be better.
IKM is a knowledge-based architecture, planning and interior design practice founded in 1911. The firm’s portfolio exemplifies the reputation of excellence in executing high profile, high design commissions including the LEED® Silver renovation and addition to the Phipps Conservatory and Botanical Gardens, the University of Pittsburgh’s LEED® Gold McGowan Institute for Regenerative Medicine, and the award winning projects the UPMC Hillman Cancer Center and Lancaster Orthopedic Center.
About Fragasso Financial Advisors
Fragasso Financial Advisors is a full-service, fee-based investment management and financial planning firm located in Pittsburgh, Pennsylvania. As a full-service firm, Fragasso has the capabilities to meet all individual and organization financial planning needs. Additionally, the firm sells no internal, proprietary products, making recommendations only after considering a wide range of investment products, and always with the client’s best interests in mind. Fragasso Financial Advisors currently oversees nearly $700 million in assets under management, representing more than 1,500 households, corporations, endowments and retirement plans. www.fragassoadvisors.com