‘Oracle of Ona’ sees continued advancement in StrongTower Investments | Organization

P.A. Nash, an financial investment advisor in Ona, gained the nickname from close friends and shoppers for his investment decision philosophy, which is launched on picking investments tested to be perennial winners for a long time, not merely quarters and years.

“The Oracle of Omaha is a nickname for Warren Buffett, who is arguably one particular of the biggest traders of all time,” Nash mentioned. “So I take that nickname as a great compliment.”

Nash, 52, is the owner of StrongTower Investments in Ona. It is a total-support expenditure organization specializing in asset administration services, portfolio building and retirement fund oversight.

“We joke that we are downtown Ona’s fiscal district,” he claimed. “That’s explained tongue-in-cheek, but it does replicate what drives us and sets us apart from other expense corporations.”

Nash is StrongTower’s taking care of principal with practically 25 decades of working experience as an financial commitment advisor starting with A.G. Edwards in 1998, performing in both of those Ashland and Huntington.

“We obtain and promote securities, like stocks, bonds, mutual cash, certificates of deposit (CDs) and extra for our customers and regulate their portfolios in reaction to the prevailing marketplace forces,” he stated.

Nash set the roots of what is now StrongTower Investments in 2015 when he became an independent affiliate of Wells Fargo’s Economic Network. The transfer noticed him relocate his advisory small business from downtown Huntington to his hometown of Ona.

As of 2020, he was not only one of the final remaining A.G Edwards legacy brokers, pursuing their acquisition by Wachovia then Wells Fargo in 2008 — he also had develop into 1 of the top-making advisors in Wells Fargo’s total technique.

In early 2020, Bishop Nash, 29, a journalist at The Herald-Dispatch in Huntington, came on board with his father and became a entire-fledged investment advisor as very well.

The yr also observed the arrival of Stacey Chapman, who joined in March with a lot more than 30 several years administration encounter. She experienced been the manager for the Disney Retailer at the Huntington mall from 2005 until finally 2019, when Disney shut just about all its Disney Store spots.

Beginning in 2021, the agency grew to become affiliated with Cambridge Financial commitment Investigation, a non-public, impartial broker-seller headquartered in Fairfield, Iowa, changing Wells Fargo.

The change precipitated the generation of StrongTower Investments — and a recently expanded place of work — a reflection of the loved ones business’ growth and success many thanks to the loyalty of clientele, in accordance to P.A. Nash.

“StrongTower is a new name and a new brand name, but with 23 years of experience,” he stated.

P.A. Nash states the StrongTower identify is a Christian witness.

“It will come from Proverbs 18:10, which claims the identify of the Lord is a strong tower,” he spelled out. “Lot of our clientele appreciated it. It’s a name that identifies energy, and it lends very well with our Cabell Midland Knights below in Ona.”

Today, StrongTower Investments oversees far more than $140 million assets under administration for a lot more than 600 shoppers, a e-book of company developed totally from scratch by P.A. Nash.

“Our clientele are virtually completely folks residing in the Tri-Condition location, though we have customers in 13 unique states,” he reported.

P.A. Nash says the firm’s three most important fund suppliers — American Money, Vanguard, and Fidelity — are three of the premier asset managers in the sector with superb reputations and distinguished histories just about every.

“When it’s most essential, we’ll consider attempted-and-accurate more than new-and-enhanced any working day,” he said. “We are long-time period buyers, and we motivate our clients to be the exact.”

P.A. Nash grew up in Ona. He went to Nichols Elementary, Ona Center College, Milton Substantial Faculty and Marshall College, exactly where he graduated with a diploma in small business.

“I did not seriously have a plan to have a vocation in investments,” he claimed. “I started out in industrial product sales, but an opportunity arrived up in 1998 to get into the field I am in now.”

P.A. Nash claimed starting off out as an investment decision advisor was hard.

“It was miserable for the longest time as I tried to make a consumer foundation,” he mentioned. “My career has weathered some of the most brutal marketplaces in American historical past, together with the dot-com bubble, the 2008 economical crisis, and the COVID-19 pandemic.”

He states he thinks the latest market’s risk and reward is pretty well balanced based mostly on evaluations.

“With desire rates staying as reduced as they are at the moment, it still tends to make stocks extra favorable more than mounted earnings,” P.A. Nash reported. “But year above year we are observing continuous advancement and it’s thanks to terrific purchasers. I seem for ongoing development. We do not make expansion a goal in and of by itself. Our target is good assistance to our customers.”

Bishop Nash suggests he thinks in the exact same philosophies as his father when it arrives to constructing achievements domestically.

“We have absolutely marketed out to the plan of ‘blooming where by you’re planted,’ and to use that right right here in Ona, our home, is a terrific accomplishment,” he explained. “It’s been said, ‘Build a greater mousetrap and the environment will beat a route to your door,’ and we’ve tested that time and once again. We didn’t even have a site or Fb till 2021, however new people are often coming in and in search of us out. Folks like to communicate about their investments, especially when they’re performing well, so word of mouth site visitors has been substantial for us.”

Just one illustration is the enterprise they do in Louisa, Kentucky, which is roughly an hour from Ona.

“We’ve bought quite a few purchasers dwelling on the similar streets and at the identical task, 1 immediately after yet another, simply because a handful talked to one more handful, and instantly we have close to 100 clients in Lawrence County, Kentucky, alone,” Bishop Nash explained. “Most brokers are not likely to value the Louisas of the earth, but we do, simply because we’re slash from the identical cultural cloth they are, and we value that.”

Bishop Nash stated he personally enjoys the experience of generating dollars for the straightforward country individuals of the world.

“I enjoy the considered of prying off some of the Wall Street gains and putting it in the pockets of people today in sites like Ona, Louisa, Kitts Hill, Hamlin, Eleanor, wherever,” he claimed. “You’re as most likely to experience successful, seasoned buyers in the hollows of Appalachia as you are the streets of Manhattan. Just one of the most effective accounts we’ve got is my 85-12 months-previous grandfather, my dad’s dad, who picks shares from The Herald-Dispatch business part. When I very first saw how a lot dollars his portfolio has manufactured more than the several years, I teared up a tiny at the assumed of him, in these kinds of a standard way, smoking the scorching-shot fund supervisors of the earth.”

P.A.’s father and Bishop’s grandfather, Ordinary Albert “Buzz” Nash Jr., died Wednesday night surrounded by relatives at his property in Ona. Both father and son wished to recognize his influence on their growth as businessmen, and simply just as men.

“He was thrilled when I joined Dad below, and he’d almost often request me what certain stocks shut at when I’d go to him in the evenings,” Bishop Nash mentioned. “When I experienced my last conversation with him Tuesday, I reminded him that he had the most prosperous portfolio I have ever witnessed, and he designed it all himself effectively on intuition and reading the newspaper. He’d under no circumstances say it, but I’m so proud of that. He outperformed all the huge urban traders with just guts and popular perception. I hope some of that rubbed off on me.”