2013 3rd Quarter Commentary

Overview Over the last three months we have transitioned through concerns of when the Federal Reserve would begin tapering its monthly bond purchases to dealing with political battles on Capitol Hill about spending, the debt ceiling, and The Affordable Care Act. We have seen this movie before but each time it seems to have a new twist. As we write this letter, the government has “shut down” because the House and Senate will not agree on a spending bill. Today's government shutdown is the 17th in the last 100 [...]

Addition of George Wyatt

Smith, Salley & Associates is pleased to announce the addition of George Wyatt as a fixed income analyst and client service specialist. George, a resident of Boston, comes to Smith, Salley & Associates with 5 years' experience in trust administration, risk management and planning. Prior to joining SSA, he was Trust Administrative Officer II with U.S. Trust, Bank of America Private Wealth Management in Boston. Wyatt received a Bachelor of Business Administration from Campbell University, majoring in Trust and Investment Management and minoring in Financial Planning. "We are excited [...]