A bachelor of science graduate in accounting from the University of Illinois at Urbana-Champaign, Walt Hommerding is the Managing Director for Investments at Wells Fargo Advisors. Walt Hommerding is a Senior Private Investment Management (PIM) executive responsible for wealth- and estate-management planning.
If you are a current or potential client, PIM portfolio management refers to an investment program based on your unique capabilities, akin to a curriculum vitae. The program requires a certified advisor and a process for a feasible professional portfolio. The first step in PIM requires your portfolio manager to analyze your profile for information on why you seek to invest, the expected return on investment, and your risk tolerance. This information assists the manager in customizing the right mix of investments that works for you, in alignment with your objectives. Your relationship with the portfolio manager is a key element in this process. The strategy paves the way for the allocation of available funds and the selection of specific securities, like stocks and bonds, derivatives like futures contracts, and other instruments. Lastly, the portfolio manager provides monitoring of changing market conditions, risks, and portfolio performance. This monitoring is normally accompanied by reports at pre-agreed intervals, typically quarterly, along with review and discussion.
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As Managing Director for Investments at Wells Fargo Advisors in Newport Beach, California, Walt Hommerding helps clients build, manage and distribute intergenerational wealth. Walt Hommerding is regarded as among the top 2 percent of the region’s wealth managers, with over 25 years of experience. He is certified to work as a portfolio manager for boyh individuals and institutions.
The portfolio manager’s job description entails determining a client’s needs, goals, and risk tolerance. Each manager oversees investment allocations with different clients, with each portfolio investment mix dependent on client requirements, their level of risk, and the state of the markets. Proper fund allocation requires thorough client interviews and assessment before committing any funds to investment purchase. Portfolio managers must maintain relationships with their clients. The typical active contact points include scheduled reports on portfolio performance, information on market conditions and how they affect investments, and the identification of viable investment opportunities. Also, best practices require manager and client to meet at least once yearly to discuss the state of the assets and confirm portfolio alignment with agreed and current investment needs. The portfolio manager must maintain fiduciary duty, which includes compliance with the regulations of agencies like the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Portfolio managers need to be licensed through FINRA to handle transactions in various kinds of investments. An accounting graduate of the University of Illinois at Urbana-Champaign, Walt Hommerding (949–759–4564, [email protected]) is a financial professional who brings over three decades of experience to his role as managing director of investments with Wells Fargo Advisors in Newport Beach, California. Along with assisting clients with their long-term financial goals, Walt Hommerding is passionate about supporting philanthropic initiatives, particularly those that benefit children with disabilities.
Many childhood disabilities are preventable. A typical example is fetal alcohol spectrum disorder (FASD), which encompasses a range of mental, physical, and behavioral disabilities that stem from exposure of the fetus to alcohol. Women who drink alcohol during pregnancy expose their unborn babies to alcohol at the embryonic and fetal stages. Alcohol can adversely affect the functions of cells during the embryonic or fetal development stage, consequently causing some organs like the brain and heart to develop abnormally. Such abnormalities may result in lifelong disabilities. Generally, women who give birth between the ages of 18 and 35 have a lower risk of their offspring suffering from disabilities. Pregnant women also lower child disability risk by quitting smoking, eating a balanced diet, taking precautions against lead poisoning, avoiding exposure to radiation, and avoiding nonessential medications. Many parents also safeguard babies and infants against head injuries to prevent cognitive or mental disabilities. Vitamin A supplementation and iodized salt also mitigate the risks of disorders like night blindness and goiter. A seasoned executive with over three decades of experience in wealth management and investment planning, Walt Hommerding (949–759–4564, [email protected]) serves as managing director of investments with Wells Fargo Advisors in Newport Beach, California. Walt Hommerding provides customized wealth management preservation strategies as well as dynamic asset allocation strategies to help his clients achieve their financial goals.
Dynamic asset allocation is a portfolio management strategy characterized by increasing positions in assets that are currently delivering exceptional results, while selling or reducing positions in the weakest-performing assets. Unlike some other investment strategies that aim to replicate the performance of certain market indexes, such as the S&P 500, dynamic asset allocation serves to outperform underlying benchmark indexes. Portfolio managers that use dynamic asset allocation strategies typically set out with diversified portfolios that have different types of assets such as stocks, index funds, mutual funds, derivatives, and fixed interest vehicles. In the long run, they may hold more positions in any or a combination of the asset classes at the expense of assets they consider to be performing poorly. In the event that a portfolio manager makes a poor decision, the multiple asset classes in the portfolio can help mitigate risk. Dynamic asset allocation requires active management and the ability to adjust portfolios on time in response to changing market conditions. A portfolio manager's analytic skills are also key to the overall success of the strategy. Walt Hommerding is a Newport Beach, California-based wealth management professional who serves as Managing Director-Investments at Wells Fargo Advisors. He has more than 35 years of experience and is a 10-year Orange County Five-Star Wealth Manager winner. Born in Chicago, Illinois, Walt Hommerding is a passionate fan of the National Hockey League's (NHL) Chicago Blackhawks.
Chicago bolstered its goaltending depth on April 10 by signing Boston University (BU) goaltender Drew Commesso to a three-year, entry-level contract. Commesso, who joined Chicago's American Hockey League affiliate in Rockford on a professional tryout contract for the remainder of the 2022-23 season, is under contract through 2025-26. Selected by the Blackhawks in the second round of the 2020 NHL Draft, Commesso spent three seasons at BU and compiled a 43-22-4 record with a 2.57 goals-against average (GAA) and a .914 save percentage. The 20-year-old native of Norwell, Massachusetts, was an alternate captain this season and helped lead BU to a Hockey East title with a 24-8-0 record, 2.46 GAA, and a .913 save percentage. Commesso also performed well for the United States in the 2022 Winter Olympics, allowing just two goals in two starts and registering a .964 save percentage. With a BS in accounting from the University of Illinois at Urbana-Champaign, Walt Hommerding brings over two decades of financial experience to his different roles as the managing director of investments, senior vice president of investments, and senior PIM portfolio manager at Newport Beach, California-based Wells Fargo Advisors. (For charitable inquiries or to learn more about his work, contact him at 949-759-4564 or [email protected].) Walt Hommerding’s areas of expertise extend to retirement and real estate investment planning.
One type of real estate investing is in a Real Estate Investment Group (REIG). Most real estate investors who opt for a REIG do not have the time or skills to manage real estate assets on their own. In a REIG, a company buys or develops real estate, such as apartment blocks, and sells the units to investors. Each investor becomes the owner of a specific apartment block, while the company manages those assets for them. In exchange for fulfilling the management tasks, the company receives a portion of rental income, while the investor receives a larger percentage. Management takes care of tasks that include vacancy advertising, property maintenance, and tenant interviewing. For an investor, a REIG can provide income and property appreciation without the hassles of conducting maintenance tasks. The downside of REIGs is that the ROI and appreciation depend on the property manager's proficiency. REIGs also have vacancy risks. An accomplished financial executive with over two decades of experience, Walt Hommerding serves as managing director of investments at Wells Fargo Advisors in Newport Beach, California. Walt Hommerding also provides small businesses and high-net-worth families with customized wealth management preservation strategies and dynamic asset allocation strategies.
Dynamic asset allocation is a portfolio management strategy that focuses on capitalizing on ROI opportunities associated with contemporary market dynamics and asset performance rather than relying solely on the safety of maintaining a diversified mix of asset types. In this strategy, a portfolio manager closely monitors the market to identify securities performing exceptionally well and those performing poorly. They increase the allocation to assets with good performance and decrease the weight of underperforming assets in the portfolio by selling some. Dynamic asset allocation aims to outperform certain market indexes regarding returns and possibly mitigate risk. Active portfolio management is critical to the dynamic asset allocation strategy. Thus, the approach's success depends on the market circumstances and the portfolio manager's proficiency in making sound investment choices and appropriately adjusting the portfolio according to market changes. For this reason, individual investors who have little to no experience in market analysis and portfolio management should work with fund managers when looking to leverage this strategy. Walt Hommerding serves as the managing director of investments, senior vice president of investments, and senior PIM portfolio manager with Wells Fargo Advisors in Newport Beach, California. Contactable at 949-759-4564 and [email protected], he provides holistic planning for asset, liability, and estate investment planning for his clients. In addition to his work, Walt Hommerding is passionate about supporting charitable causes, particularly those that benefit children with disabilities, such as the UCP of Orange County, which supports those affected by cerebral palsy.
A common childhood motor disability, cerebral palsy (CP) is the inability to control one's muscles appropriately due to abnormal brain development. Symptoms of CP vary and often include poor balance and coordination, uncontrollable movements, and stiff muscles. Children affected by CP often begin to show symptoms at less than one year of age, although some experts believe a child must be at least two years old before a CP diagnosis can be confirmed. Most children who are affected by CP exhibit developmental delays. If an infant under six months exhibits difficulty holding up their head when lifted from a supine position, stiffening or crossing of their legs when lifted, or stiffness or floppiness in their body, the infant may be exhibiting these symptoms because of CP. An infant older than six months who cannot roll over or move their hands towards their mouth with ease may also be affected by CP. A healthy infant above 10 months old should be able to crawl in a lopsided way and stand when holding a support. If a child has not attained these developmental milestones by this age, the child may be affected by CP. Parents should consult their healthcare provider if they notice any of these signs. Of course, some children may show some of these signs for reasons other than CP. A financial advisor since 1986, Walt Hommerding has helped numerous clients with achieving their financial goals. As Managing Director, Investments with Wells Fargo Advisors, the financial advising arm of Wells Fargo, Walt Hommerding provides his clients with guidance on customized wealth management strategies and business and corporate services.
In February 2022, Wells Fargo announced that it donated $20 million to strengthen small businesses in Los Angeles through a variety of loans. The February release stated that the financial services firm donated the money to help small businesses own more of their business assets, for example, equipment. Qualifying businesses can access funding through various types of loans. The donation came from the Wells Fargo Open for Business Fund; a fund created during the pandemic to help business owners remain open. The fund focuses on providing funding for ethnically and racially diverse businesses, ones the pandemic has disproportionally impacted. The money will be disbursed in four ways through the Local Initiative Support Corporation (LISC) and Inclusive Action for the City. Small business owners can access funding through acquisition assistance, which allows them to borrow up to $500,000 at zero percent interest to purchase property in business districts. Small businesses can get funding assistance to finance equipment and technology through loans that are up to $250,000, financing that also provides longer than usual payment terms. The funding also provides for microloans of up to $30,000 capped at three percent to purchase assets. Finally, cash grants of $5,000 are available to 150 small businesses that have generated $300,000 or less in annual revenue. Ultimately, the $20 million investment is to help businesses get back to thriving again. Since 2002, Walt Hommerding (Tel 949-759-4564, email [email protected]) has served as managing director of investments at Wells Fargo in Newport Beach California. As a Wells Fargo Advisors’ Private Investment Management (PIM) program member, Walt Hommerding helps high net worth clients meet their financial goals.
To be part of the PIM program, a financial advisor needs at least two years of experience, five years in the finance industry, and recommendations from the branch and regional managers. While attending the 60-day training session, they must pass multiple exams related to the assets they will manage and complete a 40-hour training course, including an ethics course. Only 10 percent of Wells Fargo’s financial advisors are PIM program portfolio managers. PIM portfolio managers oversee accounts of at least $50,000, comprised of stocks, bonds, and cash equivalents. After determining a client’s financial goals, and their timeframe for fulfilling them, the PIM advisor draws on their expertise and outside research to acquire assets that maximize returns while minimizing risks. The advisor chooses assets based on economic conditions and changes the portfolio’s contents as necessary. The client receives a quarterly report detailing the advisor’s activities and pays their advisor at the same frequency. |
AuthorIn his current position at Wells Fargo Advisors, he was specially qualified to take part in the company’s Private Investment Management program, which allows investors access to additional options for growth. ArchivesCategories |