In the latest episode of Trust Company Talks, hosts Bill Noble and Burke Koonce sat down with Chief Investment Officer Dan Tolomay, CFA to discuss the highlights of 2024 and the outlook for 2025.

Reflecting on a strong year for markets, Dan noted that global equities rose approximately 20%, with U.S. large-cap growth leading the way. He attributed much of this performance to excitement surrounding artificial intelligence and the continued strength of a few key technology companies. However, he also emphasized the importance of looking beyond recent trends and maintaining a diversified approach to investments.

“Plan for what could happen, rather than trying to predict what will,” Dan said, quoting University of Chicago's David Booth. This philosophy informs Trust Company's disciplined approach, focusing on valuations, diversification, and long-term goals.

Other topics included:

• The impact of rising interest rates on small-cap companies and businesses.
• The valuation gap between U.S. and international stocks and its potential implications for future returns.
• The role of diversification in building resilient portfolios and managing risks.

Tune in to hear the full conversation and gain perspective on how careful planning and thoughtful strategies can help investors stay prepared, no matter what the future holds.

Trust Company Talks is a production of Trust Company of the South, one of the premier wealth management firms in the Southeast. Trust Company is a privately held firm based in Greensboro, NC, with offices in Charlotte and Raleigh. You can find more episodes of Trust Company Talks on Apple Podcasts and Spotify. Receive the episodes as soon as they premiere by subscribing today.