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McKinley Carter Receives '2023 Best Places to Work' Award from InvestmentNews

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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. In addition, David serves as the specialist for 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 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 Resources

David’s Articles
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2022 Was Awful for Stocks and Bonds – What Now?

Easing inflation pressures and a resolution of the fiscal turmoil in the United Kingdom fueled a strong rally in stocks and bonds early in the fourth quarter, but hawkish Fed guidance, disappointing economic data, and rising global bond yields weighed on markets in December and the S&P 500 finished the fourth quarter with only modest gains that capped the worst year for the index since 2008. Learn more about 2022, what actions we took on McKinley Carter portfolios, and our outlook for 2023.

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Stormy Seas – Perspective is Key

Sailing through rough seas is a frightening experience that feels like it will never end. Fortunately, rough seas eventually give way to calmer waters and a more comfortable sailing experience. Coming off strong stock performance for several years, the stock market has endured its own stormy seas this year with a significant pullback in 2022 as global economic concerns brought about by multi-decade highs in inflation, rising interest rates, and the war in Ukraine, have crushed investor optimism. We’ve experienced an unusual phenomenon this year – the simultaneous decline of stock and bond markets. Throughout the third quarter, investors’ concerns focused on global instability, rising prices and the possibility that central bank efforts to tame inflation would cause economic growth to falter. The result has been tremendous volatility in stock and bond markets. Learn more.

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Bloodied But Unbowed

Our Senior Investment Strategist Dave Nolan provides a look back at 2Q2022 and the actions taken by McKinley Quarter. In the latter part of his investment report, Dave offers an outlook for the remainder of 2022.

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