David P. Nolan

Senior Investment Strategist

In his role as Senior Investment Strategist, David serves as the chair of the Investment Strategy Committee and is responsible for oversight of all McKinley Carter investment programs. He is also a member of our Risk Management Specialized Practice Group.

Licensing and Education

Bachelor of Science in Business Administration Wake Forest University
Series 7 and Series 66 Licenses (1979-84)

Accomplishments and Honors

Prior to McKinley Carter, David worked for BB&T Corp. and its predecessors, serving as senior vice president and portfolio manager in the Asset Management (RIA) division where he managed multiple public equity mutual funds. He also managed an equity common trust fund that transitioned into a public mutual fund (1993) for 24 years. In 2006, the fund was named a "Category King" by the Wall Street Journal due to its status as a "Lipper Leader” for consistent, long-term performance.

David was named by West Virginia Executive Magazine as a member of the 2023 Sharp Shooters class in recognition of his career achievements and community involvement. He has appeared on CNBC TV, Bloomberg TV and Bloomberg Radio and was featured twice in The Wall Street Transcript. He has been quoted in other media outlets, such as the Wall Street Journal, Dow Jones Online, and Smart Money Online.

Community Involvement

David has been active in his church since 1979. He currently serves as chair of its Finance Committee. David has also chaired the Board of Trustees, Fellowship and Recreation Committee, the Strategic Planning Committee, and coached church league basketball for 41 years. He represents his church on the Charleston Church Recreation Association Board.

David served as the chair of the Investment Subcommittee of the Presbytery of WV and is a member of the Investment Committee of the YWCA of Charleston. He is also a former board member of the Charleston Children’s Theatre and Daymark (serving at-risk youth). Additionally, David has facilitated McKinley Carter’s status as the financial services advisor to the FPC Hope Center, a non-profit whose mission is to assist young adults in successfully transitioning out of foster care.

Selected Recognitions

2023: Senior Investment Strategist David Nolan Selected as 2023 WV Sharp Shooter Award Recipient by WV Executive Magazine

Selected Resources

David’s Articles

Investing

The Revenge of the 493

Markets were volatile in the third quarter as investors faced political turmoil and increased uncertainty about future economic growth, but the return of Fed rate cuts and solid corporate earnings helped to offset those political and economic anxieties, and the S&P 500 hit another new all-time high and finished the quarter with strong gains. In the third quarter, we began to see other stocks (the 493) participate in the stock market’s rise. Learn more.

Investing

The Few. The Proud. The Elephants.

While "The Few, The Proud, The Marines" is a recruiting slogan for the U.S. Marine Corps, in the stock market, the “Few and the Proud” have been the “Magnificent 7” stocks (Nvidia, Apple, Amazon, Google, Microsoft, Meta, and Tesla) and their performance reminds one of the stampeding effects of charging elephants. Like these large pachyderms, the “Mag 7” have run roughshod over the broad stock market this year and have left most other stocks lagging far behind. Much of the excitement surrounding these companies is focused on their dominance in the Artificial Intelligence (AI) investment landscape. Learn more about our 2Q2024 market review.

Jorge salvador b MV Avgf1 Rd M unsplash DPN blog

Risk Management

Should All-time Highs in the Stock Market Lead You to Diversify into Alternative Investments?

As the U.S. stock market hits new highs in 2024, it begs the question, “Should I diversify some of my stock market risk into non-traditional assets like alternatives?” While the answer varies from person to person, the concept is one worth exploring for many investors.

Alternative investments are financial assets that fall outside the traditional categories of stocks, bonds, and cash. They are often used in investment allocations to diversify portfolios, hedge against risks, and seek higher returns. Learn more about the common types of alternative investments and their characteristics.

View All

A women smiling in an office, meeting with a client.

Expect to Leave Invigorated.

Every conversation with McKinley Carter is an energizing experience, an opportunity to take your financial instincts and confidence to the next level—starting with the very first one.