A Few Highlights from 2023

As the year draws to a close and we prepare for our 2024 Economic & Market Outlook in the week ahead (on January 2), we take a break from our regular investment coverage (the Santa Claus Rally is still rocking with the S&P 500 within 38 points of a new all-time high and the 10-Year U.S. Treasury yield dipping below 3.8%) to wish everyone a Happy New Year and to express our sincere thanks for a great 2023.

It was a phenomenal year for GVA Asset Management (GVAAM), and much of this success was thanks to the great network of advisors across our network that utilize and support our program.

Here are a few highlights from the past year:

• GVAAM increased assets under management by more than +160%. This was thanks in large part to the dramatic increase in advisors placing accounts on the platform, as the number of client accounts increased by more than +200% in 2023.
• The number of new advisor offices supporting the GVAAM platform also increased by more than 60% in 2023.
• Many existing advisors already on the GVAAM network also meaningfully increased their commitment to our model strategies. This included three advisor offices that increased their AUM dedicated to GVAAM by as much as +2,500% to +8,500% and four more offices increasing AUM in our program by as much as +250% to +900%.
• The GVAAM team visited many of its participating advisor offices across the country this past year. This included multiple events and meetings in Boca Raton, Boston, Newport, New Haven, Minneapolis, Milwaukee, Raleigh, and of course the Philadelphia/Wilmington area just to name a few. And we have more visits already planned for 2024. Stay tuned!

Bottom line. 2023 was an awesome year thanks to the great GVA family of advisors. I thoroughly enjoyed getting to know and work with all of you over the past year, and I look forward to another great year collaborating in 2024!

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. Investment advice offered through Great Valley Advisor Group (GVA), a Registered Investment Advisor. I am solely an investment advisor representative of Great Valley Advisor Group, and not affiliated with LPL Financial. Any opinions or views expressed by me are not those of LPL Financial. This is not intended to be used as tax or legal advice. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Please consult a tax or legal professional for specific information and advice.

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