21 May 2022

Sovereign CEO Gary Korolev on Current Market Volatility

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At a time of continued volatility and lack of predictability in the markets we at Sovereign Wealth Management thought it would make sense to communicate our basic thoughts on this situation with our clients and others interested in our views.

Interest rates, being the price of money, always tighten liquidity when they are raised by the fed, as has happened recently. The increased volatility is compounded by a sense in the market that due to the higher inflation the Fed is not able to step in to rescue the stock market as it usually does by lowering rates.

This has certain repercussions for markets expectations. We're watching the markets closely new allocating potential next steps.

About Post Author

Gary Korolev has used his 15 years of experience as a Wealth Manager with firms such as Morgan Stanley, Merrill Lynch and Charles Schwab to build a comprehensive Wealth Advisory practice centered around meeting clients’ Investment Management, Risk Management, Estate Planning and Retirement Planning needs. His practice focuses on High Net Worth individuals, families and business owners with financial needs far beyond investment management. Gary’s clients are provided with a truly comprehensive Wealth Strategy that benefits from combining his extensive expertise in portfolio management, financial planning and insurance with that of CPAs and Estate Planning Attorneys. “We take such a comprehensive and involved approach in serving our clients’ wealth growth, preservation and transfer needs effectively and tax efficiently that they come to see us as their primary source of financial expertise. We work closely with our clients’ attorneys and accountants to address their financial, tax, estate and philanthropic needs.” Gary has a Bachelor’s Degree in Finance from the University of Florida, is a Chartered Financial Analyst and holds the General Securities (Series 7), Securities Licensing (Series 66), as well the Life, Health and Variable Annuity licenses. He resides in Northern Virginia with his wife, son and daughter. When not working, Gary enjoys spending time with his family and friends as well as reading and travel.

Contact Information

Sovereign Wealth Management

8229 Boone Blvd. Suite 760

Vienna, VA 22182

(703) 310-7255

[email protected]