ONA — They call him “Oracle of Ora”.
Oracle is a person who is believed to provide wise and insightful advice and prophetic predictions, especially including future predictions.
Ona’s investment advisor, PA Nash, is based on choosing an investment that has proven to be a lasting winner for decades, rather than a simple quarter or years. Obtained nicknames from friends and clients for.
“Omaha’s Oracle is arguably the nickname for Warren Buffett, one of the greatest investors of all time,” Nash said. “So I take that nickname as the best compliment.”
Nash, 52, is the owner of Ona’s Strong Tower Investments. A full-service investment company specializing in asset management services, portfolio building and retirement fund monitoring.
“We’re joking that we’re in downtown Ona’s financial district,” he said. “It’s said to be a joke, but it reflects what drives us and sets us apart from other investment companies.”
Nash is the managing principal of StrongTower, which started in 1998 with AG Edwards and has nearly 25 years of experience as an investment advisor working in both Ashland and Huntington.
“We buy and sell securities such as stocks, bonds, mutual funds and deposit certificates (CDs) for our clients and manage our portfolio in response to general market trends,” he said. ..
Nash set the roots of its current StrongTower Investments when it became an independent affiliate of Wells Fargo’s Financial Network in 2015. With this move, he moved his advisory business from downtown Huntington to his hometown of Ona.
As of 2020, he was not only one of the last remaining AG Edwards legacy brokers after being acquired by Wells Fargo following Wachovia in 2008, but also the entire Wells Fargo system. Became one of the best production advisors in.
In early 2020, 29-year-old Bishop Nash, a journalist at Herald-Dispatch in Huntington, became a full-fledged investment adviser with his father.
That year, Stacey Chapman, with over 30 years of management experience, joined the company in March. She was the manager of the Disney Store at Huntington Mall from 2005 to 2019, but in 2019 Disney closed almost every Disney Store.
Since 2021, the company has partnered with Cambridge Investment Research, a private, independent broker-dealer headquartered in Fairfield, Iowa, on behalf of Wells Fargo.
According to PA Nash, this change has begun the creation of StrongTower Investments and the establishment of a newly expanded office. This reflects the growth and success of the family-owned business, thanks to the loyalty of our clients.
“Strong Tower is a new brand with a new name, but we have 23 years of experience,” he said.
PA Nash says the name of the Strong Tower is a Christian witness.
“This comes from the name Pro Pro saying 18:10. The name of the Lord is a strong tower,” he explained. “Many clients loved it. It’s a name for strength and it goes well with Ona’s Cabel Midland Knights.”
Today, StrongTower Investments manages over $ 140 million in assets for over 600 clients. This is a business book built entirely from scratch by PA Nash.
“Our customers are almost exclusively individuals living in the tri-state area, but we have customers in 13 different states,” he said.
According to PA Nash, the company’s three major fund vendors (American Funds, Vanguard and Fidelity) are the three largest asset managers in the industry, each with a good reputation and a good history.
“When it’s most important, we always adopt proven ones rather than new and improved ones,” he said. “We are long-term investors and our clients are the same. I encourage you to be. “
PA Nash grew up in Ona. He attended Nichols Elementary School, Ona Junior High School, Milton High School, and Marshall University, and graduated with a business degree.
“I really didn’t have any plans to build a career in investment,” he said. “I started with industrial sales, but in 1998 I had the opportunity to enter the field today.”
PA Nash said it was difficult to start as an investment advisor.
“It’s been disastrous for a long time when trying to build a customer base,” he said. “My career has survived some of the most brutal markets in American history, including the dot-com bubble, the 2008 financial crisis, and the COVID-19 pandemic.”
He says he believes that current market risk and rewards are fairly balanced based on valuation.
“Bonds have an advantage over bonds because interest rates are as low as they are today,” PA Nash said. “But every year, we are growing continuously, which is due to our great clients. We want continuous growth. We are not aiming for growth in itself. Our goal is to provide good service to our customers. “
Bishop Nash says he believes in the same philosophy as his father when it comes to local success.
“The idea of’blooming where you planted’is completely sold out, and being able to use it in our hometown of Ona is a big achievement,” he said. “We’ve been told many times that’If you make a better mousetrap, the world will break the path to your door’, but we’ve proved it many times, even on Facebook until 2021. We didn’t even have Facebook, but new people are always coming and looking for us. People like to talk about their investments, especially when they’re doing well, so word-of-mouth traffic is huge for us. “
One example is a business in Luisa, Kentucky, about an hour away from Ona.
“We have several customers doing the same job on the same street, one after another, because a handful of customers talked to a handful of others, and suddenly Lawrence County, Kentucky. There are nearly 100 customers alone, “said Bishop Nash. “Most brokers don’t try to value Louisa in the world, but we do, because we are separated from the same cultural fabrics as them and value it. Because. “
Bishop Nash said he personally liked the feeling of making money for honest rural people around the world.
“I love the idea of breaking through some of the profits I’ve made on Wall Street and putting them in the pockets of people everywhere, including Ona, Luisa, Kitz Hill, Hamlin, and Eleanor,” he said. “You may meet an experienced and successful investor in the Appalachian depression, as well as in the streets of Manhattan. One of the best accounts we have is my 85-year-old grandfather, My dad’s father, I’m picking stocks in the Herald Dispatch Business section. When I first saw how profitable his portfolio had been over the years, I had his With that in mind, I was smoking hotshot fund managers around the world in such a basic way.
PA’s father and Bishop’s grandfather, Normal Albert “Buzz” Nash Jr., died Wednesday night at Ona’s home surrounded by his family. Both father and son wanted to recognize his influence on their development, as a businessman, and simply as a man.
“He was excited when I met my dad here. When I visited him in the evening, most of the time he asked for the closing price of a particular stock,” Bishop Nash said. Told. “When I had my last conversation with him on Tuesday, I was reminded that he had the most successful portfolio I’ve ever seen. He essentially read it with intuition and newspapers. I built it all myself. He never said it, but I’m very proud of it. He outperformed all investors in the big city with guts and common sense alone. I hope some were rubbed against me. “
“Oracle of Oracle” anticipates continued growth of StrongTower Investments.business
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