Richard D. Steinberg, CFA

Chief Market Strategist

LinkedIn
Boca Raton, FL
Focus Areas

Investment Strategies
Multi-Generational Planning
Estate Planning
Media Spokesperson
Equity Research
Fixed Income Research
Asset Allocation
Portfolio Management

Client Specialty

Executives
Professionals
Non-Profits
Retirees

Recognitions

Forbes Best-In-State, FL, 2019

Community

Jewish Federation of South Palm Beach County, Vice President, Executive Committee & Board of Trustees; Jacobson Jewish Community Foundation of South Palm Beach County, Executive Committee & Board of Trustees; Governance Committee of the Foundation’s Professional Advisory Committee; Temple B’Nai Torah’s Foundation, Investment Committee Board Member; Greater Boca Raton Estate Planning Council. Member

Richard Steinberg is the Chief Market Strategist, Co-Chair of the Investment Division and a Principal of The Colony Group. He brings over 25 years of experience leading seasoned investment teams and developing customized investment strategies for private clients, corporations, foundations, retirement accounts, profit-sharing plans and pension accounts. He also analyzes and explains the markets as well as the ever-changing economic and political landscape for clients and the media.

Richard brings a passion for financial management excellence that is personal, cordial, and customized to his roles serving on Colony’s Executive Team and Investment Committee. His philosophy is simple: be available, be flexible, be dedicated and strive to be the best.

He is also a frequent guest on major business television channels and is often quoted in the national media outlets.

Richard co-founded Steinberg Global Asset Management, Ltd. in 1993 with his father, Norman Steinberg. The team they formed is reflective of their philosophy of consistency, experience, education, dedication, and excellence. It is these shared values that led them to merge with The Colony Group in May 2019.

Richard is a Chartered Financial Analyst and member of both the CFA Society of South Florida and the CFA Institute. His diverse background includes portfolio management and securities analysis. Richard is a graduate of Emory University Business School with an undergraduate degree in Finance and supplemental coursework at University College at Oxford University, England.

Richard serves as officer of the Jewish Federation of South Palm Beach County’s Executive Committee as well as its Board of Trustees. Richard has served as Chairman for the Jacobson Jewish Community Foundation of South Palm Beach County and now serves on its Executive Committee, Board of Trustees, and the Governance Committee of the Foundation’s Professional Advisory Committee. He is also a member of the Greater Boca Raton Estate Planning Council. Additionally, Richard serves on the investment committee of Bnai Torah Congregation’s Foundation.

Richard is currently enrolled in the Executive Education Program, Owner/ President Management (OPM), at Harvard Business School.

Richard enjoys spending the precious commodity of his free time devoted to his wife and two children and is an avid golfer and collector of fine wine.

Published Insights

Investment & Market Analysis
CNBC FED SURVEY
September 16, 2020

Richard Steinberg, CFA, Chief Market Strategist for The Colony Group, participated in the CNBC Fed Survey published September 15, 2020, which represents the opinions of 37 of the nation’s money managers, investment strategists, and professional economists. His comments are below: The Fed has created overly risky behavior in the...

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In The News
The market and Congress are locked in a high-stakes game of chicken — and who blinks first will determine where stocks go next
September 9, 2020

"Even if a stimulus deal is passed this month, the 'delay effect' on when aid reaches Americans could see economic indicators turn worse before improving," said Richard Steinberg in Business Insider.

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In The News
The Final Round – Yahoo Finance
April 6, 2020

"You're seeing some level of optimism, just because we've come way off the lows," says Richard Steinberg. "I don't think we're out of the woods yet."

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In The News
The $2 Trillion Stimulus Bill is Key, Says Analyst
March 31, 2020

Richard Steinberg explains why the $2 trillion stimulus bill is the metric to watch this week on Cheddar. 

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Investment & Market Analysis
Colony Market Update – COVID-19 Impact
March 19, 2020

People are gripped with fear. We fear getting sick, losing our jobs, and watching our portfolios decline in value. That is a very understandable reaction to the crisis in which we currently find ourselves.  Professional investors channel that fear into analysis. They analyze everything from economic growth, corporate earnings, virus reproduction rates, virus mitigation...

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Investment & Market Analysis
What to expect as markets continue to react to the latest coronavirus news
March 12, 2020

For our most recent update on the COVID-19, please read: What A Week, Really This Time Equity markets opened sharply down again this morning following President Trump’s address to the nation. The President’s speech underwhelmed investors, who were hoping for a bolder, more substantial policy response. Instead, as one of our...

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In The News
Market Selloff: Investor strategy amid heightened volatility and record lows
March 9, 2020

As markets continue to react to coronavirus, Richard Steinberg weighs in on the strategy and psychology that investors should consider in this volatile market. His segment starts at the 3:05 minute-mark on CNBC. 

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Investment & Market Analysis
One month does not a trend make: On Football and Investments
November 7, 2019

By: Jason Blackwell, CFA, CAIA®, Chief Investment Strategist; Brian Katz, CFA, Chief Investment Officer; Richard Steinberg, CFA, Chief Market Strategist A review of October’s investment returns may cause you to believe that all of our worries went away – except that they didn’t. The so-called “Phase One” of a...

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In The News
Long term investors must cut through short term noise affecting markets, says CIO
December 26, 2018

Richard Steinberg, Chief Market Strategist, gives his take on the markets going into 2019.

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In The News
Erratic news cycles lead to market volatility, investor says
December 17, 2018

Richard Steinberg, Chief Market Strategist, joins the ‘Squawk Box’ team to discuss what to expect this week in the markets.

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In The News
Despite talk on trade and politics, earnings continue to move higher, says strategist
August 22, 2018

Richard Steinberg, Chief Market Strategist, joins the ‘Squawk Box’ team to discuss if the market is going to be impacted by the Trump agenda.

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In The News
Expect this to be an earnings-driven market for the remainder of the year, says pro
July 24, 2018

Richard Steinberg, Chief Market Strategist, provides his outlook on the markets amid a strong earnings season.

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In The News
Look at value-oriented stocks on pullback: Richard Steinberg
August 18, 2017

Richard Steinberg, Chief Market Strategist, weighs in on what’s prompting the shift in market momentum.

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