In this video from Clay McDaniel, CFA®, Partner, Chief Investment Officer at Waverly Advisors, LLC, he discusses key takeaways from Q4 2025 and the market environment heading into the new year.
Clay reflects on how markets have behaved over the past year, including major shifts in interest rates, the U.S. dollar, and investor sentiment. He also explores longer-term structural themes—particularly technology and artificial intelligence—while highlighting the growing importance of quality, diversification, and portfolio resiliency. Finally, he shares how the investment team is focused on strengthening client portfolios by upgrading quality and building durability without taking unnecessary concentrated risk.
To read the full Quarterly Review & Market Outlook Q4 2025, CLICK HERE.
If you would like more information about the topics and information discussed in this video, or if you’re ready to explore how they apply to your specific situation, contact a Waverly Advisor near you. Find a Waverly Advisor
Video recorded on January 22nd, 2026
Music Credit:
Song: Bright Horizons – BoDleasons
Music provided by Artlist
Waverly Advisors, LLC is a nationwide wealth management company for high-net-worth individuals and their families, business owners, executives, and institutions. We take a holistic approach to wealth management, dealing with all aspects of a client’s wealth, including investments, taxes, estate planning, charitable trust services, corporate retirement plans, and more.
IMPORTANT DISCLOSURES
The information presented in this document is for general informational and educational purposes and is not specific to any individual’s personal circumstances. Nothing in this document constitutes, or shall be relied upon as, investment, legal, or tax advice to any person. The information in this document is provided effective as of the date of its publication, does not necessarily reflect the most current status or development, and is subject to revision at any time. Investing involves risk, and past performance does not necessarily predict future results. None of Waverly, or any of its officers, members, or affiliates, in any way warrant or guarantee the success of any action that anyone may take in reliance on any statements or recommendations in this document.
Waverly Advisors, LLC (“Waverly”) is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Waverly, including investment strategies, fees and objectives can be found in Waverly’s ADV Part 2A Brochure and Form CRS (Customer Relationship Summary), available at https://waverly-advisors.com/.
You should not assume that any information provided serves as the receipt of, or as a substitute for, personalized investment advice from Waverly. This information should be used as a reference only.
Clay joined the firm in 2022 when BT Wealth Management was acquired by Waverly Advisors. Clay is a Partner and serves as Chief Investment Officer. He runs the Investment Committee, the Private Markets Committee, and oversees the firm’s investment process. Prior to Waverly, Clay was a Director with Zurich Alternative Asset Management, a subsidiary of Zurich Insurance Company that managed more than $15 billion in investments spanning Real Estate, Private Equity, and Hedge Funds. Before Zurich, Clay served as a senior analyst focusing on private markets for Erste Bank, and prior to that for a single-family office. Clay has an MS in Economics and BBA in Finance from the University of Kentucky.
Waverly Quarterly Review & Market Outlook Q4 2025
In this video from Clay McDaniel, CFA®, Partner, Chief Investment Officer at Waverly Advisors, LLC, he discusses key takeaways from Q4 2025 and the market environment heading into the new year.
Clay reflects on how markets have behaved over the past year, including major shifts in interest rates, the U.S. dollar, and investor sentiment. He also explores longer-term structural themes—particularly technology and artificial intelligence—while highlighting the growing importance of quality, diversification, and portfolio resiliency. Finally, he shares how the investment team is focused on strengthening client portfolios by upgrading quality and building durability without taking unnecessary concentrated risk.
To read the full Quarterly Review & Market Outlook Q4 2025, CLICK HERE.
If you would like more information about the topics and information discussed in this video, or if you’re ready to explore how they apply to your specific situation, contact a Waverly Advisor near you. Find a Waverly Advisor
Video recorded on January 22nd, 2026
Music Credit:
Song: Bright Horizons – BoDleasons
Music provided by Artlist
Waverly Advisors, LLC is a nationwide wealth management company for high-net-worth individuals and their families, business owners, executives, and institutions. We take a holistic approach to wealth management, dealing with all aspects of a client’s wealth, including investments, taxes, estate planning, charitable trust services, corporate retirement plans, and more.
IMPORTANT DISCLOSURES
The information presented in this document is for general informational and educational purposes and is not specific to any individual’s personal circumstances. Nothing in this document constitutes, or shall be relied upon as, investment, legal, or tax advice to any person. The information in this document is provided effective as of the date of its publication, does not necessarily reflect the most current status or development, and is subject to revision at any time. Investing involves risk, and past performance does not necessarily predict future results. None of Waverly, or any of its officers, members, or affiliates, in any way warrant or guarantee the success of any action that anyone may take in reliance on any statements or recommendations in this document.
Waverly Advisors, LLC (“Waverly”) is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Waverly, including investment strategies, fees and objectives can be found in Waverly’s ADV Part 2A Brochure and Form CRS (Customer Relationship Summary), available at https://waverly-advisors.com/.
You should not assume that any information provided serves as the receipt of, or as a substitute for, personalized investment advice from Waverly. This information should be used as a reference only.
Investment advisory services are offered by Waverly Advisors, LLC, an investment adviser registered with the Securities and Exchange Commission.
© 2024 Waverly Advisors, LLC. All rights reserved.
For more information, please see our other important disclosures: https://waverly-advisors.com/otherimportantdisclosure/
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Clay joined the firm in 2022 when BT Wealth Management was acquired by Waverly Advisors. Clay is a Partner and serves as Chief Investment Officer. He runs the Investment Committee, the Private Markets Committee, and oversees the firm’s investment process. Prior to Waverly, Clay was a Director with Zurich Alternative Asset Management, a subsidiary of Zurich Insurance Company that managed more than $15 billion in investments spanning Real Estate, Private Equity, and Hedge Funds. Before Zurich, Clay served as a senior analyst focusing on private markets for Erste Bank, and prior to that for a single-family office. Clay has an MS in Economics and BBA in Finance from the University of Kentucky.
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