Broker Check


Thursday, April 18, 2019

Well by now, your first tax return has been filed (or extended) under the rules of the Tax Cuts and Jobs Act of 2017. As advertised, there were significant changes to itemized deductions which impacted many people.


Wednesday, April 10, 2019

The Fed turns dovish. Stocks enjoy best quarter in years. What does an inverted yield curve signal? Is a recession coming?


Tuesday, April 9, 2019

Bring your outdated documents for secure shredding and enjoy some coffee and treats from Goodness To Go! We look forward to seeing you on May 1st!


Monday, March 4, 2019

Read Melissa's quick guide to help you purge your old financial documents in West Knoxville Lifestyle’s March issue.


Thursday, February 28, 2019

Read Connie's letter to learn about the new adventures that are happening in her life!


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Friday, February 22, 2019

We are honored to be chosen as the "Best Financial and Wealth Management" firm by West Knoxville Lifestyle magazine for two consecutive years! You can find our spot light and check out the other honorees here.


Friday, January 11, 2019

A recap of financial markets in 2018. Cash is King in 2018. Will the Federal Reserve blink in 2019? Are we headed for a recession?


Tuesday, January 1, 2019

Read Melissa's article in West Knoxville Lifestyle’s January issue about getting a jump-start on taxes with two easy steps.


Monday, December 17, 2018

Here is PYAW’s Eric Foster’s latest WBIR interview. Eric presents an important chart that compares the returns of investments since 1901. Using history as a guide, there may be some clues on what to expect in 2019. Check it out!


Saturday, December 1, 2018

Read Melissa’s article in West Knoxville Lifestyle’s December issue about how to avoid "lifestyle creep" as you prepare for the new year.


Monday, November 26, 2018

Check out Eric's latest interview on WBIR's Noon News. Eric discusses recent market activity, discusses a key point for investors to focus on, and even makes a Bitcoin reference. Tune in!


Thursday, November 1, 2018

Read Eric’s article in West Knoxville Lifestyle’s November issue about rethinking tax strategies for charitable giving.


Monday, October 22, 2018

In this edition of WBIR’s Market Monday, Eric Foster from PYA Waltman Capital discusses recent market volatility and what the past 90 years’ worth of mid-term elections tell us about the impact on financial markets.


Friday, October 5, 2018

Clues To Be Learned From Examining The Current Market Cycle


Monday, October 1, 2018

Read Melissa’s article in West Knoxville Lifestyle’s October issue about whether or not it pays to make your favorite coffee drink at home.  


Monday, September 17, 2018

Eric Foster from PYA Waltman Capital stopped by WBIR’s Noon News to discuss recent market activity. He also discusses the big performance disparity between leading retailers and technology companies in 2018.


Thursday, August 9, 2018

Read Melissa’s article in West Knoxville Lifestyle’s August issue about the impact our financial behavior has on our kids. Practical pointers on ways to talk to your kids about money is also discussed.


Tuesday, July 17, 2018

We are pleased to announce that Lisa Young and Jonathan Mills have joined the PYA Waltman Capital team. Check out this Employee Spotlight to learn more.


Monday, July 16, 2018

PYA Waltman Capital believes that markets continuously move through repetitive cycles. As the first half of the year drew to a close, our investment committee observed several potential signs of late stage activity within the stock market.


Monday, June 25, 2018

Eric discusses investment winner and losers so far in 2018 and the nuts and bolts of different stock indices. Also discussed is the story behind a Dow 30 company getting booted after 111 years.


Tuesday, June 5, 2018

Click here to read Bill's article in West Knoxville Lifestyle's June issue providing financial advice derived from The Big Lewbowski.


Tuesday, May 1, 2018

Read Melissa’s article in West Knoxville Lifestyle's May issue that encourages women to get engaged with financial planning.


Monday, April 30, 2018

Eric Foster reviews the first quarter earnings season and discusses how big technology companies are disrupting old business models.


Wednesday, April 4, 2018

Recently stock market momentum has begun to stall. What factors are contributing to the markets recent struggles? Is this a pause that refreshes or something more ominous like the start of a bear market?


Sunday, April 1, 2018

Read Melissa's article in West Knoxville Lifestyle's April issue on ways to combine wisdom and personal passions to inspire the next generation after retirement.


Tuesday, March 27, 2018

Currently seeking qualified candidates to join our team. If you are interested in working with a cohesive team, would label yourself as a self-starter and possess strong interpersonal communication skills, we have two positions available.


Monday, February 26, 2018

Eric Foster discusses the return of volatility to the financial markets, rising interest rates, and what we need to see in the economy for the stock market to rise in 2018.


Tuesday, February 6, 2018

The Dow Jones Industrial Average recently suffered its largest one day point drop ever. Four things every investor should remember in the midst of this selloff.


Friday, February 2, 2018

We are honored to be chosen as the "Best Financial and Wealth Management" firm by West Knoxville Lifestyle magazine. You can find our spot light and check out the other honorees here.


Thursday, February 1, 2018

Click here to read Melissa's article in West Knoxville Lifestyle's February issue about prioritizing progress over perfection when it comes to your financial future.


Thursday, January 18, 2018

As we enter the new year, many newspapers, magazines and financial news programs are sharing their financial market forecasts for 2018. Never mind that most of these predictions will be wrong, as was the case last year...


Friday, January 12, 2018

Will you come out ahead with the new tax changes? The new law will take months to fully digest and much planning will be needed, especially for small business owners. But, there are a few clear-cut takeaways.


Friday, December 1, 2017

Click here to read Melissa's article in West Knoxville Lifestyle's December issue providing ways to multiply the impact of your gift during the holidays.


Monday, November 20, 2017

Eric Foster discusses 3 key topics that have unfolded during 2017 along with how they have affected the economy and financial markets.


Wednesday, November 8, 2017

Bitcoin has advanced 900% in the past year. Eric discusses the basic plumbing of the Bitcoin technology along with key events in 2017. Learn about cryptography, hard forks, and why the CEO of JP Morgan Chase called Bitcoin buyers stupid.


Monday, October 16, 2017

Eric discusses climbing markets, boardroom battles, and tax reform on this segment of Market Monday.


Wednesday, October 4, 2017

The U.S. stock market continues to push higher in spite of many potential pitfalls. But why? With many asset classes very expensive, what is an investor to do?


Tuesday, September 26, 2017

Most charitable donations are made with cash. If you have enough deductions to itemize and have investible assets that are not held in retirement accounts, there is likely a more tax efficient way to give to charity.


Monday, September 25, 2017

Read Melissa’s financial guidance for enjoying life’s simple pleasures, featured in the inaugural issue of West Knoxville Lifestyle Magazine.


Friday, September 22, 2017

As affected consumers of the Equifax data breach, my husband and I decided to freeze our credit reports at the three major bureaus: Transunion, Experian and Equifax. The road was bumpy but successful. I learned a few things along the way.


Wednesday, September 20, 2017

Given the strong recent returns in the stock market, what is an investor to do? Is it time to bail? With the stock market at elevated levels, now is the time for investors to review their portfolios with a heightened level of cautiousness.


Thursday, September 14, 2017

Equifax announced a data breach, affecting nearly half of Americans. Obviously, this is very concerning—but how do you best protect yourself and your family?


Wednesday, September 13, 2017

Eric discusses the global markets, the impact of Hurricane Harvey, and the surprising best performing asset (by far) in 2017.


Monday, August 14, 2017

Eric Foster discusses recent market volatility and one key area that many investors often neglect in planning for the future.


Monday, August 14, 2017

With U.S. stocks seemingly hitting a new high almost every week, investors are becoming ever more exuberant. And why not, right? In such an environment, the notion of risk begins to fade from investor memory.


Monday, July 31, 2017

In this week’s episode of Market Monday, Eric discusses action of the second quarter in 2017. The conversation also touches on why economists are often wrong along with a couple of surprises from 2 well known companies.


Friday, July 28, 2017

While investors must accept some risk in their portfolios, the safest way to achieve financial goals is to focus on saving more rather than trying to boost returns by taking on more risk.


Monday, July 17, 2017

Eric Foster joins WBIR’s Noon News to discuss some large moves higher so far in 2017 from some of the world’s largest companies. Eric also touches on the recently announced buyout of Whole Foods by Amazon.


Monday, July 10, 2017

The echoes of this Bob Dylan classic can be heard through today’s financial markets. The days of quantitative easing, gone. Interest rate cuts, gone. The path forward in economic parlance…“policy normalization.”


Monday, June 19, 2017

PYA Waltman’s Eric Foster discusses the impact of a recent major takeover. Eric also covers one significant mistake that investors commonly make when planning for retirement.


Monday, May 15, 2017

It’s spring time again, and along with the May flowers come graduation ceremonies. As parents proudly look upon their children receiving their diplomas, they also wrestle with the unknown. How prepared are these graduates to...


Monday, May 15, 2017

Eric Foster joins WBIR’s Mary Scott to discuss struggles in the retail sector as many businesses continue to grapple with business moving online.


Monday, May 8, 2017

We are pleased to announce that Roch Monnig, Jr. has joined PYA Waltman Capital as a Financial Planning Associate. Roch will be assisting with all aspects of the financial planning process. His primary duties will include drafting...


Thursday, May 4, 2017

We launched a project to track the progress and evolution of Bitcoin. The project is a public learning experiment. I have no idea if the future price of Bitcoin will be worthless or extremely valuable. (I still think both are possible)


Monday, May 1, 2017

Earning sufficient returns on your portfolio is an important part of building an adequate nest egg for retirement. We’ve all heard the examples of how even a slight increase in the rate of return, compounded over a long time...


Sunday, April 30, 2017

At PYA Waltman, we believe in a team approach to serving our clients. We are fortunate to have a stellar team of employees who work together to provide the talent and expertise needed to serve your financial needs. In an effort to...


Monday, April 17, 2017

Eric Foster stopped by WBIR’s Noon News to discuss the market action in the first quarter. Check out his main takeaways from the first 3 months of the year.


Monday, April 10, 2017

The first quarter of 2017 saw both U.S. and foreign stocks advance, with emerging markets leading the way. One of the best performing asset classes for the quarter were precious metals, with silver up 14% and gold up 8%. Crude oil fell...


Saturday, April 1, 2017

It’s that time in April when all of our palms start to get sweaty—tax season. Taxes bring with them a variety of stresses, one of which produces a question that unfortunately doesn’t end when you file your...


Monday, March 20, 2017

Eric Foster discusses growth in the US stock market in 2017 along with interest rate hikes here in the U.S.


Friday, February 17, 2017

Seinfeld is hands down one of my favorite television shows of all time. The incredible scripts exploring the nuances of everyday life coupled with the exceptional cast made the show such a joy to watch. But how in the world can...


Wednesday, February 1, 2017

Bloomberg recently published a very interesting article titled: “Lessons of the Century: Most US Stocks Can’t Even Beat a T-Bill.”[1] The article summarized the recent findings of Arizona State University Professor,...


Friday, January 13, 2017

The Year of the Anti-Establishment Revolt From Brexit in July to the election of Donald Trump in November to Italy’s ”no” vote in December against the reforms proposed by Prime Minister Renzi and his subsequent...


Friday, December 16, 2016

We spend a fair amount of time reading in order to stay informed. From newspapers, financial magazines, blogs, books, etc. we try to constantly learn and challenge our thinking. From time to time when I read something that really...


Wednesday, December 7, 2016

Launching a New Project “I like thinking big. If you’re going to be thinking anything, you might as well think big.” – Donald Trump Investing is complex, fascinating, sometimes maddening, and always evolving....


Saturday, November 19, 2016

On Tuesday, November 8th the American electorate shocked the pollsters, pundits, and political experts by electing Donald J. Trump as the 44th President of the United States. As I wrote in the blog post “How Will the Upcoming U.S...


Thursday, November 10, 2016

For many investors, mutual funds and exchange traded funds (“ETFs”) are the preferred tools for investing (see our posts on What is a Mutual Fund and What is an ETF to understand the differences). When we think about...


Friday, November 4, 2016

Each year I make it a point to attend the Grant’s Interest Observer Conference in New York City. It is my favorite investment conference of the year, not only because I hold the witty writing of Jim Grant in the highest regard,...


Tuesday, November 1, 2016

My goal was to write an objective overview of the current discussion on interest rates. I have already failed and I’m only on the second sentence. I just can’t bring myself to waste the time to actually do it. I remember...


Friday, October 28, 2016

The upcoming U.S. Presidential election has led many investors to ponder what, if any, effect the result will have on financial markets and whether or not one should be “doing anything” in advance of the vote. While the...


Saturday, October 1, 2016

CENTRAL BANKS VERSUS SYSTEMIC RISKS The global financial markets took a sharp dive to begin the third quarter in response to the shocking Brexit vote. While there was much hyperbole surrounding the vote, after a few weeks of downside...


Saturday, October 1, 2016

Although I’ve written about negative bond yields in the past, I want to revisit the subject after recently reading a couple of interesting articles. According to various estimates, there is approximately $12 to $13 trillion of...


Friday, September 30, 2016

Quit eating potato chips. Start exercising. Stop hitting snooze. Quit over-spending. Sound familiar? We could go on for days with habits we’re trying to change. If you’re like me, when you slip back into an old habit, you...


Tuesday, September 27, 2016

The financial press and many market participants are all abuzz about whether the Federal Reserve (Fed) will raise rates in September, December or at all this year. Fed Officials Gain Confidence They Can Raise Rates This Year –...


Thursday, September 1, 2016

In our Investing 101 series, we tackle basic financial topics that many people might be afraid to ask about. No worries, this is a safe place. First off, ETF stands for Exchange Traded Fund. The very first ETF was created in Canada...


Thursday, September 1, 2016

Investing is sometimes counterintuitive. In many aspects of life, making decisions based on extrapolating the recent past makes a lot of sense. For example, if you are trying to predict who will win the NBA championship next year, you...


Thursday, September 1, 2016

If there was $1,000/month with your name on it, would you want it? Of course! If you are divorced, there may be a Social Security benefit worth just as much, or even more, with your name on it. This is because divorced spouses may be...


Thursday, September 1, 2016

In our Investing 101 series, we tackle basic financial topics that many people might be afraid to ask about. No worries, this is a safe place. Our previous post covered bonds, while this post covers mutual funds; another basic element...


Wednesday, July 20, 2016

It is almost surreal to wake up early each morning to read that global interest rates have again moved lower. While the vast majority of economists have been predicting higher interest rates for the last four years, they just continue...


Sunday, July 10, 2016

On Monday, July 5, the yield on the 10-year US Treasury bond fell to the lowest level on record, closing at 1.37%. This is just a few basis points (one basis point is 1/100th of 1%) below the previous record low which was set in 2012....


Wednesday, July 6, 2016

What Baby Boomers need to know about RMDs and how they can prepare. It has been said that “all good things must come to an end.” That may not be true in all cases, but when it comes to postponing taxes within your pre-tax...


Friday, June 24, 2016

On Thursday June 23, 2016 the United Kingdom (U.K.) voted to leave the European Union (EU). The final vote tally was 52% for leaving (Britain exiting the EU…BREXIT) to 48% for remaining. As I monitored the vote through the night...


Monday, June 20, 2016

If you could save 25 cents for every dollar you set aside for healthcare expenses, would you do it? What if I told you that was only the tip of the iceberg when it came to the benefits of a Health Savings Account (HSA)? While this type...


Friday, June 10, 2016

On April 30, Berkshire Hathaway held its 51st annual shareholder meeting in Omaha, Nebraska. Every year thousands of Berkshire shareholders converge on Omaha to listen to Warren Buffett and Charlie Munger spend several hours answering...


Tuesday, May 24, 2016

As the developed economies of the world continue to struggle with bloated debt levels and subpar economic growth, some investors are beginning to wonder what more, if anything, central banks can do to stoke growth. After already...


Friday, May 13, 2016

"A society grows great when old men plant trees under whose shade they shall never sit." – Greek Proverb Why is aging viewed negatively and often from the perspective of money? What if the coming influx of baby boomer retirees...


Friday, May 6, 2016

I recently returned from the annual Fidelity Investments Executive Forum held this year in Naples, Florida. The venue was beautiful, but the real gem was the outstanding agenda packed into 2 short days. While there were many excellent...


Sunday, May 1, 2016

Let’s pretend that you are remodeling a deck at your house and you are $250 short on funds required to complete your project. You casually mention this fact to your brother who has been helping with construction. He offers to...


Tuesday, April 26, 2016

In the recent blog post, “A Bear on the Prowl,” I wrote of the importance of remaining calm when facing market volatility, rather than succumbing to the temptation to “do something.” However, it can be difficult...


Wednesday, April 20, 2016

Medicare A, B, C and D. Medigap A-D, F, G, K-N. In the words of Chandler Bing of the Friends sitcom, “Could there BE any more letters?” Deciphering the alphabet soup is one thing, but it still doesn’t answer the other...


Friday, April 1, 2016

A LOT OF CHURN - LITTLE PROGRESS What a wild ride it has been. The Standard and Poor’s 500 Index, after suffering the worst ever start to a year, reversed in March and closed the first quarter with a small gain. The Nasdaq...


Thursday, March 31, 2016

To build a business you need access to money, especially if you want to grow quickly. Let’s pretend that you want to start a local fitness club. Assuming you have a viable business plan along with some of your own money (along...


Monday, March 28, 2016

Time is running out! The deadline for a 2015 traditional or Roth IRA contribution is the same as the tax-filing deadline – April 18. Eligible taxpayers can contribute up to $5,500 to a traditional or Roth IRA, or $6,500 if they...


Tuesday, March 15, 2016

Plan sponsors have a growing duty to understand the complexities of retirement plans. Fiduciaries are being held responsible in situations where there are improper or unclear fee arrangements or from participant complaints stemming...


Wednesday, March 9, 2016

As investment managers, it is common for friends, acquaintances, and sometimes clients to ask us where we think the market is headed. Another question we are asked is whether or not we are in a bull or bear market. The bear market...


Tuesday, March 1, 2016

Small business owners face a myriad of pressures and responsibilities. From strategic planning, to hiring and firing, to capital allocation decisions, there is never a lack of things to be done. In the midst of growing and managing a...


Monday, February 29, 2016

The world’s central bankers are continuing to look for a way out of the global debt morass that continues to slow economic growth. Their latest iteration? You guessed it, NIRP, or Negative Interest Rate Policy. Central banks may...


Sunday, February 28, 2016

After being in the workforce for decades, the thought of transitioning into retirement can be stressful. While most relish the thought of having more time to enjoy grandkids, travel, and pursue their own interests, in many cases one...


Friday, February 26, 2016

Are you sending a student off to college in the near future? If so, it can be a bit overwhelming to know where to begin, besides knowing the obvious - that college today is downright expensive. Here is one (fairly) simple - and free -...


Thursday, February 25, 2016

A few years out from retirement many people begin to seriously ponder the things they should be doing now to be better prepared when that day arrives. Obviously for certain things it’s much too late. Like starting to save for...


Saturday, February 20, 2016

I’m envisioning stuffy men in suits looking down at me across a mahogany desk. The look in their eyes is condescending and suddenly I feel inept. This “traditional” financial advisor’s office feels like...


Wednesday, February 10, 2016

As a single professional woman, you work hard to balance work and home—but sometimes it feels like you can’t do everything as well as you’d like to. A million items are circulating in the back of your head at any...


Wednesday, February 10, 2016

In 1949, Benjamin Graham published The Intelligent Investor, which became one of the most widely acclaimed books ever written on the topic of investing. Mr. Graham was a professor at Columbia Business School at the time and he also ran...


Sunday, February 7, 2016

“Stocks Post Worst Year Since 2008” - Wall Street Journal, Weekend Edition, January 2, 2016 “Drab Outlook for Markets” - Wall Street Journal, Weekend Edition, January 2, 2016 “The Year Nothing...


Friday, February 5, 2016

Every January, many in the financial industry make forecasts about what will transpire in the coming year. Market strategists, portfolio managers, TV commentators and the like eagerly share their predictions for everything from the...


Monday, February 1, 2016

A good attorney is an absolute necessity in the divorce process. But, what about the financial considerations beyond legal advice? Working with a financial planner gives you another advocate in your corner—one who is also focused...


Monday, January 18, 2016

Financial markets are a revolving door of investors dying one funeral at a time thanks to excessive “short-termism”. I am not sure why I first uttered the thought above, but variations of it can be found in stock market...


Saturday, January 16, 2016

Losing a loved one can be paralyzing. In the midst of emotional numbness and heartbreak, the pressures of finances begin to creep in. You don't know what steps to take, let alone which one should come first. This creates additional...


Friday, January 15, 2016

The Chinese stock market, as measured by the Shanghai Composite Index, crashed 6.9% on Monday January 4, 2016, triggering circuit breakers that shut down the market. This weakness spilled over into other global financial markets...


Sunday, January 10, 2016

Please raise your hand if you feel like you have enough time in your day to grow professionally, spend ample time with your family, keep your home maintained, stay on top of your other responsibilities AND aggressively tackle your...


Thursday, January 7, 2016

Let’s establish something—Social Security is complicated. If you call the Social Security Administration with a question (speaking from experience here), you’re bound to get three different answers from three...


Thursday, January 7, 2016

If your blood pressure went up when you heard of Social Security’s recent changes (or if it just went up because you didn’t know there were recent Social Security changes!), you’re not alone. Many of our...