Richard Steinberg is the Chief Market Strategist, Co-Chair of the Investment Division and a Principal of The Colony Group. He brings over 25 years of experience leading seasoned investment teams and developing customized investment strategies for private clients, corporations, foundations, retirement accounts, profit-sharing plans and pension accounts. He also analyzes and explains the markets as well as the ever-changing economic and political landscape for clients and the media. Richard brings a passion for financial management excellence that is personal, cordial, and customized to his roles serving on Colony’s Executive Team and Investment Committee. His philosophy is simple: be available, be flexible, be dedicated and strive to be the best. Richard co-founded Steinberg Global Asset Management, Ltd. in 1993 with his father, Norman Steinberg, where he served as President, Chief Investment Officer and Senior Managing Principal. The team they formed is reflective of their philosophy of consistency, experience, education, dedication, and excellence. It is these shared values that led them to merge with The Colony Group in May 2019.
Gold slumped as investors raised cash, but it should recover if stocks don’t plummet more
The Dow Jones Industrial Average fell into a bear market on Wednesday for the first time since 2009. Many traders say it won’t be there for long, viewing the coronavirus scare as likely having only a transitory impact on the economy.
The market has been whipsawed by fears about the coronavirus. But for many Americans, who largely don't own stocks, the financial impact so far is purely psychological. Yes, it's terrifying. But it doesn't actually say anything about the real economy.
Transportation stocks are a leading indicator of anxiety. Travel plans are the first thing that people are canceling.
The Colony Group, an $11 billion investment manager with offices across the country, allocates about 5% of its standard, moderate-risk portfolio to so-called non-traditional liquid assets, including metals as well as real-estate investment trust.