First Horizon Wealth Management Discusses Investment Strategy and Market Approach
Eric Teal, Chief Investment Officer of First Horizon Wealth Management, outlines the firm's investment philosophy as it serves high-net-worth individuals, ultra-high-net-worth clients, and institutional investors. The wealth management division operates under a strategy that emphasizes quality investments, dynamic adaptability to market changes, margin of safety through value bias, and liquidity during economic stress. Teal highlights the importance of avoiding highly speculative asset classes such as those with high volatility or retail-driven momentum. Instead, First Horizon focuses on stable earnings, secure dividends, sustainable growth opportunities, and strong management quality. The firm manages $39.1 billion in assets under management (AUM), split between its broker/dealer platform ($19.7 billion) and fiduciary arm ($19.4 billion). The model portfolio is tailored to client risk tolerance but typically includes around 10–12 different asset classes for broad diversification, ranging from capital preservation strategies to aggressive growth opportunities.
Topics: high-net-worth clients investment strategy portfolio allocation wealth management