Dear Clients, Friends, and Valued Partners,
As the calendar turned over, “Happy New Year!” was undoubtedly echoed by all investors as we were able to put 2022 behind us and the difficult year for both stock and bond markets. As mentioned in our most recent
Market Update, stocks had their worst year since the 2008 financial crisis, and bonds had their largest decline in almost half of a century as inflation spiked to levels not seen since the early 1980s. What’s in store for investors in 2023 is a curious question with no sure answer as inflation has cooled some but remains elevated, corporate earnings growth is beginning to decelerate, and the risk of a recession remains heightened. It may be helpful to remember that the volatility and short-term unpredictability of the markets is the “fee” that is required for the long-term returns that reward those with the patience and persistence to remain invested and focused on a successful financial plan. Better days for the markets will eventually come, and we continue to work with our clients to reap the rewards of patience and persistence as we have for the past 25 years.
2022 was a milestone year for Foster & Motley as we celebrated 25 years of working alongside you, our clients, and continuing our efforts to help you achieve your goals. As I shared at our 25
th-anniversary celebration, our mission is to understand the life our clients envision and objectively act to achieve it. Put simply, our mission is your success, however you may define it. We do not take that responsibility lightly. And we want to thank all of you who were able to join us for a wonderful celebration at the Cincinnati Museum Center. It was a great evening spent enjoying everyone’s company, chatting with old friends, and meeting some new faces. And the setting of the historical Union Terminal was appropriate for a trip down memory lane with many clients that have worked with Foster & Motley for decades.
Last year continued to be one of growth for our firm as we added talented new members to
our team. We are now at 46 employees and counting, all dedicated to providing our growing number of clients with the high level of service that is expected and deserved. We continue to thank you for the introductions to family and friends that may benefit from our services. The trust you place in us for your needs and theirs is our fuel for continued hard work and innovation to provide exceptional value to clients.
Thanks to your continued support of our firm, I am pleased to share several recognitions that we received in 2022, both locally and nationally, for our work and a wonderful work environment. We were recognized by the Cincinnati Business Courier as a
Best Places to Work finalist for the fifth year in a row. We also had the honor of being included in several rankings by organizations within the financial services industry. Each has its own criteria and requirements, which can be seen by clicking on the following links:
FA Magazine’s Annual ranking of RIAs, where Foster & Motley was included in the top 230, and the
CNBC FA 100, which ranked Foster & Motley in the top 100 financial advisory firms in the nation. We are proud to be the only Cincinnati-based firm on the CNBC FA 100 list again in 2022 and to be included for the fourth year in a row. We are also very proud to share that last year, Mark Motley was honored with inclusion in the
Ohio Business Magazine list of the 500 most influential business leaders in Ohio!
As we journey into 2023 together, please continue to keep us in mind as a resource for all your
financial needs as challenges, opportunities, and any changes come about. You can also reference the
“Insights” page on our website for our quarterly Market Update, articles on investments and planning topics, quotes and interviews from our advisors, and the latest episodes of our podcast,
Wealth & Life, with 36 episodes recorded in our 2
nd season. As always, we thank you for the opportunity to serve you and wish you the best in 2023 and beyond!
Sincerely,
Zach Horn
Managing Partner/President