To our clients, financial consultants, friends, readers, and viewers:
Cumberland Advisors would like to wish everyone a very special and safe Holiday Season and a Happy New Year.
It’s been another volatile year, as presidential election years tend to be. We have experienced a solid equity year and although bond yields are higher today than where they started the year, the benefit of higher yields available in fixed income markets makes new purchases more attractive ahead.
Please enjoy this special time with your families. Consider reaching out to someone you haven’t talked to in a while to bring them joy during this special time. We thank you for partnering with Cumberland Advisors and for having trust in us.
As we approach the end of 2024, Cumberland would like to honor 3 very special people that have all been with the firm for many years and will be retiring at the end of the year.
First, Daisy Lopez will be retiring as Head of Operations. Daisy has been with Cumberland almost 45 years. She joined the firm in 1980 and guided the firm in technology and operations while the firm’s assets under management grew from $100 million to almost $3.5 billion. Daisy was a tremendous friend and mentor to so many clients and associates of the firm.
Bob Eisenbeis will also be retiring at year end from Cumberland after serving almost 17 years as its Chief Monetary Economist. Prior to Cumberland, Bob was Research Director at the Atlanta Federal Reserve as well as a professor at University of North Carolina. Bob provided knowledgeable insight of the interworking of the Fed!
Additionally, Terri Pantalione will also retire from Cumberland as of the end of December. Terri joined Cumberland in 1986 serving the firm in municipal bond research, compliance, and most recently as an Investment Advisor from our Vineland NJ office which was consolidated in late 2023.
Cumberland would not be where we are without these great individuals. We thank each of them for their many years of service and wish them well in retirement.
Once again, we appreciate everyone’s support and thanks for being along for the ride. We wish you the best for 2025.
Happy Holidays
John R. Mousseau, CFA
Chief Executive Officer & Director of Fixed Income
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