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Director of Equity Research
Managing Director, Senior Portfolio Manager
Managing Director and Senior Portfolio Manager
"Any type of a rally like we saw on Friday is going to be short-lived and it's not going to be sustainable," said Howard Kornblue, money manager with ING Pilgrim Inc. which has $12 billion in funds.
"People are realizing the recovery will not be that fast," said Howard Kornblue, portfolio manager at ING Pilgrim, which manages $18 billion.
Howard Kornblue: firstname.lastname@example.orgArthur utilizes economic and markets intelligence from his Senior Portfolio Manager, Howard Kornblue, and manages multi-generational wealth in a "private family office" style, leveraging other professionals not typically found in an investment management setting.Howard N. KornblueManaging Director & Sr. Portfolio ManagerHoward KornblueHoward brings over 35 years of experience to his role as Managing Director and Senior Portfolio Manager of US Fiduciary's office in Scottsdale, Arizona.He is the former Managing Director for ING Funds Value Funds, with assets in excess of $1 billion.He joined Merrill Lynch in 2002, where he was Portfolio Manager-Personal Investment Advisory Program with over $260 million under total wealth management.Howard joined ING Funds predecessor Pilgrim Group in 1986 as Director of Equity Research.In 1989, he became Senior Vice-President and Senior Portfolio Manager of the value oriented MagnaCap Fund ($400 million) and held that position through May 2002.During his tenure with the former Pilgrim Group, Howard was also Portfolio Manager for the Corporate Utilities fund ($90 million) and the Rising Profitability small-cap fund ($150 million).Prior to that, he managed individual and institutional accounts totaling $150 million for First Wilshire Securities Management, specializing in small cap equities.Earlier experience also included responsibility for mergers and acquisitions at Getty Oil Company (funded and started the ESPN Sports Network), and portfolio management positions with Western Asset Management Company ($2 billion, large-cap equities) and with Southern California Edison ($80 million in pension funds).Howard holds a B.S. in Engineering from UCLA, and M.S. and M.B.A. degrees from USC, where he graduated first in his class.He is a member of Phi Kappa Phi and Beta Gamma Sigma academic honor societies, and the Phoenix Society of Financial Analysts/CFA Institute Member.Over his career, Howard made numerous appearances on CNBC, CNN, and Bloomberg TV and has been written up in the Wall Street Journal, Barrons, and Forbes.He has been a featured speaker in universities, business conferences, and broker seminars.Howard's favorite activities include playing basketball with his teenage son and pampering his Datsun 24OZ.
"There are a lot of money managers out there who are asleep at the switch," said Howard Kornblue, a money manager with Phoenix-based ING Funds LLC $20 billion. "It's the same rationale as any investment situation," Kornblue said."Buy low and take advantage" of the price. ECONOMIC FEARS While some see a bullish signal in the decline of buybacks, others see it simply as another lingering impact of the weak economy. "But that is precisely when you want to take advantage of a low stock price," Kornblue argued."You don't have low stock prices when there is certainty and things are looking good." Another restraint on buyback plans could be the large number of already-announced repurchase programs still pending, which may partly explain the dearth of announcements so far in 2002, market watchers said. Through to the first week of March, IBM Corp. (NYSE:IBM) had total pending buyback programs totaling $48.5 billion, Intel Corp. had $20.5 billion and Merck & Co. some $20 billion in pending programs, according to First Call data.
We are delighted to welcome Art and Howard to US Fiduciary.
Wealthy individuals, and their experienced advisors like Art and Howard, are losing confidence in the large brokerage firms. Howard Kornblue's career spans over 35 years in the financial services industry. Mr. Kornblue, a CFA Institute Member, was formerly the Managing Director for ING Funds Value Funds and Senior Portfolio Manager of the Pilgrim MagnaCap Fund. He has made numerous appearances on CNBC, CNN, and Bloomberg TV, and has been written up in the Wall Street Journal, Barrons, and Forbes. US Fiduciary brings the institutional-strength research capabilities needed when advising high-net worth and institutional clients," commented Mr. Kornblue. Elliot Weissbluth, President of US Fiduciary, stated: "We are delighted to welcome Art and Howard to US Fiduciary. Wealthy individuals, and their experienced advisors like Art and Howard, are losing confidence in the large brokerage firms.