An End-of-Year Wrap-up From Wilkinson Wealth Management

An End-of-Year Wrap-up From Wilkinson Wealth Management

December 15, 2023

It’s been an amazing year for Wilkinson Wealth Management! As 2023 draws to a close, we wanted to share with you some of the incredible things we’ve experienced as a firm, as well as our thoughts as we look toward 2024.

Click on the video and read on below to get a summary of our firm's development, milestones, 2024 market outlook, and the results of this year's collection drive for Meals on Wheels!

Wilkinson In Review 2023

Reflecting on 2023 Markets

First, let’s state the obvious: markets were volatile this year—positive for the first few months, after which they trended downward, only to rebound sharply in the latter half of the year.

As of December 11, the Dow Jones is up 9.64%, while the S&P 500 is up 20.28%. The NASDAQ composite, which tracks technology companies, is up a whopping 37.78%. Finally, the SPDR Bloomberg U.S. Aggregate Bond Fund, which tracks investment grade U.S. bonds, has a 1.64% return as of November 30th.  

Different stock indexes had varying performance, in part because some of the year’s best-performing companies are more heavily weighted in the S&P 500 and the NASDAQ.

Bonds had a challenging year with interest rate increases, because when interest rates increase, generally the prices of existing bonds fall as investors have higher demand for new bonds with the higher interest rates.

The Fed raised interest rates 5 times this year, and left rates unchanged 2 times so far (one more meeting to go). We believe we are close to the end of the rate-raising cycle, but that doesn’t mean interest rates will go down anytime soon. They may remain at elevated levels for some time.

Team Accomplishments in 2023

We’ve experienced significant growth in 2023 in a variety of aspects. New clients have entrusted close to $57 million in assets to us this year; we’ve started over twice as many financial planning engagements this year compared to 2022; and our team has continued to grow and develop, with several members being promoted.

I am also proud to share that I was named one of the 2023 Forbes Best-In-State Women Advisors and one of the 2023 Forbes Best-In-State Wealth Advisors. 

Our Meals on Wheels (MOW) collection drive was a massive success: seasonal care packages full of cozy blankets, towels, crossword puzzle books, lotion, soap, pet toys and treats (and more!) will be delivered by MOW to our elderly and disabled neighbors. In total, we pledged ten bags and surpassed our target—thank you to everyone who contributed items! 

Thank You for a Wonderful Year!

Everything our team at Wilkinson Wealth Management achieves as a firm is all due to you. Your loyalty brings new clients to our doors, and your trust helps us build strong relationships that last a lifetime. We hope that in serving you, we have provided your family comfort in knowing that we are here to help whenever you have questions or concerns. We understand that life changes can happen at any moment, and we want you to rest easy knowing that when you need advice, guidance, or simply someone who will listen, we’re here for you.

As we prepare to enter a new year, we look forward to continuing to help you pursue your financial goals in 2024. Here’s wishing you joy and laughter during the holiday season and a happy new year!

Let’s Connect

To review your financial plan and make sure your finances are prepared for a successful 2024 and beyond, reach out to us by calling 434-202-2521 or using our Contact Us page to schedule an appointment. We look forward to hearing from you!

About Susan

Susan is the founder and managing partner of Wilkinson Wealth Management. With over 25 years of experience, she is passionate about supporting and guiding clients as they work toward their financial goals. She is known for building long-term relationships with her clients, digging deep into their values, concerns, needs, and goals so she can build a financial plan tailored to their unique life.

Susan is also a CERTIFIED FINANCIAL PLANNER™ professional and has an MBA from Webster University and a Bachelor of Liberal Arts in Economics and Sociology from the University of Mary Washington. When she’s not serving clients, you can find Susan outside, either gardening, biking, or hiking. She’s a homebody at heart who loves music, especially playing the piano and cello. One of her favorite things to do is spend time with family, including her husband, Terry, her children, and grandchildren.