Ben Pace
Partner & Chief Economist
Certain financial planning decisions must be made by December 31 or sooner.
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Partner & Chief Economist
Ben is the Chief Economist and a Partner in the New York office. He leads the firm’s Investment Committee and is a member of the Leadership Team. He has more than thirty-five years of experience in investment management. Ben has been featured in the Wall Street Journal and Reuters, and is a frequent commentator on Bloomberg TV and radio, Fox TV and CNBC, appearing regularly on network programs such as Power Lunch, The Closing Bell, Squawk Box, and Worldwide Exchange.
Prior to joining Cerity Partners, Ben was Chief Investment Officer and Head of Global Investment Solutions for Deutsche Bank Private Wealth Management in the U.S. In his role as CIO, he sat on the PWM Global Investment Committee, providing input on the U.S. economy and capital markets. He oversaw the investment strategy and asset allocation for PWM clients in the U.S. As Head of Global Investment Solutions, he brought together PWM’s capital markets and investment capabilities in an effort to provide an effective and consistent experience for clients. Prior to joining Deutsche Bank in 1994, he managed equity income funds for two investment organizations. During his tenure with those institutions, he also served as a securities analyst with a particular emphasis on the financial services and healthcare industries.
Individuals and Families
While US equity markets are up solidly year to date and trading near all-time highs as of the end of October, there have been some rumblings in the vaunted artificial intelligence trade as investors are becoming more concerned with the massive capital expenditures needed to meet expected demand.
Individuals and Families
The midterm results continue a long-term trend in American politics of the party that holds the executive branch losing the midterm elections. This extreme political volatility, along with opposing parties leading the legislative and executive branches, makes it hard for any certainty in forecasting likely policy implementation.
Individuals and Families
Looking into Q4 and beyond, AI-related capital investment and fiscal support should help sustain global growth, while stubborn inflation, tighter monetary policy, and elevated rates favor a selective approach across bonds, equities, commodities, and currencies.
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