Balancing Income, Risk and Uncertainty with Municipal Bonds

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​​​​​​With interest rates at historically low levels, investors still have a pressing need to find reasonable income. In this upcoming webinar, Invesco’s municipal investment leaders representing mutual funds, ETFs and separately managed accounts, will discuss how advisors and investors can use different investment solutions to balance the need for income with the realities of managing risk in an uncertain climate.

This presentation will cover:

• Balancing the need for income with the importance of managing risk amid the market volatility created by the pandemic.
• The prospects for higher tax rates and the increased appeal of tax-advantaged municipal bonds, as the government looks to pay for massive stimulus packages.
• Aligning investor goals with the portfolios objective to find the right municipal income solution to meet their needs.

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Before investing, investors should carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges, and expenses. For this and more complete information about the fund(s), investors should ask their advisors for a prospectus/summary prospectus or visit invesco.com/fundprospectus.

Invesco Distributors, Inc. is not affiliated with Advisor Perspectives.

Speakers

Eddie Bernhardt, CFA®
Head of Managed Accounts
Senior Portfolio Manager

Eddie Bernhardt is Head of Managed Accounts for Invesco Fixed Income, responsible for overseeing the SMA platform. He also serves as a Senior Portfolio Manager for Invesco Managed Accounts Tax-Free, Tax-Aware, Investment-Grade Government Credit, Taxable, and Impact Investment strategies.

Mr. Bernhardt joined Invesco when the firm combined with OppenheimerFunds in 2019. He joined OFI Global Asset Management (OFI Global) subsidiary, OppenheimerFunds, in 2017 from SNW Asset Management, when it was acquired by OFI Global. At SNW Asset Management, he served as president and chief executive officer. Before that, Mr. Bernhardt traded taxable and municipal bonds at Wells Fargo Securities, and also constructed high-net-worth fixed income portfolios for the firm’s Private Client Services group. Additionally, he was a portfolio manager with a regional banker’s bank for credit unions.

Mr. Bernhardt earned a BA degree from the University of California at Santa Cruz. He is a Chartered Financial Analyst® (CFA) charterholder and member of the CFA Society of Portland.

Jason Bloom
Director, Global Macro ETF Strategy
Invesco

Jason Bloom is the Director of Global Macro ETF Strategy for Invesco's family of exchange-traded funds (ETFs). In his role, Mr. Bloom is responsible for providing a macro market outlook across all asset classes globally, in addition to leading the team’s specialized efforts in fixed income, commodity, currency, water, and clean energy, and alternatives research and strategy. He joined Invesco in 2015.

Prior to joining Invesco, Mr. Bloom served as an ETF strategist for six years with Guggenheim Investments and then River Oak ETF Solutions, where he helped launch several funds focused on both energy and volatility-related strategies. Previously, he spent eight years as a professional commodities trader specializing in arbitrage strategies in both the energy and US Treasury markets.

Mr. Bloom earned a BA degree in economics from Gustavus Adolphus College and a JD from the University of Iowa College of Law. He holds the Series 7, 24 and 63 registrations.

Stephanie Larosiliere
Head of Municipal Business Strategies and Development
Invesco

Stephanie Larosiliere is the Head of Municipal Business Strategies and Development for the Invesco Municipal Bond team. Ms. Larosiliere works with the fund management team, acting as its representative to clients and other intermediaries. Her responsibilities include working with sales staff and clients to provide insight into the municipal fixed income market and the investment strategies utilized by the team. She is also responsible for ongoing product development and marketing for the municipal bond products.

Ms. Larosiliere joined Invesco in 2011 as a senior product manager supporting the municipal and convertible businesses. Prior to joining Invesco, Ms. Larosiliere served as a vice president of the Goldman Sachs Asset Management fixed income product management team, where she was responsible for portfolio analysis, product development, client retention, and marketing. Before joining Goldman Sachs in 2008, she worked as an institutional product management associate for Brown Brothers Harriman. She began her career in the industry in 2003 as a risk management analyst with JPMorgan Chase, where she was responsible for performing daily value at risk analysis and monthly stress risk tests on the bank’s credit portfolio.

Ms. Larosiliere earned a BBA degree in finance and investments from Baruch College — The City University of New York (CUNY).

Adam Rochlin
Head of Business Strategy and Development
Invesco Fixed Income

Adam Rochlin is Head of Business Strategy and Development for Invesco Fixed Income. In this role, his responsibilities include fixed income and liquid alternative investment product lines, encompassing global liquidity, global debt, investment grade, municipal debt, structured products, insurance-linked securities, and other liquid alternative strategies.

Mr. Rochlin joined Invesco when the firm combined with OppenheimerFunds in 2019. At that time, he was the co-head of the firm's investment products business. He rejoined OppenheimerFunds in 2013 as head of fixed income product management. Prior to that, he was at Czech Asset Management, a middle-market direct lending investment manager, where he was chief operating officer/head of investor relations. Previous to that firm, he held leadership roles at several top financial services firms including MF Global and GE/Genworth Financial. Earlier in his career, Mr. Rochlin worked at OppenheimerFunds and got his start in financial services at MetLife.

Mr. Rochlin earned a BA degree in political science from Trinity College and an MBA in marketing from New York University's Stern School of Business. He holds the Series 7, 24, and 63 registrations.

Robert Huebscher
CEO and Founder
Advisor Perspectives

Robert Huebscher is the founder and CEO of Advisor Perspectives and serves as its editor-in-chief. He is a frequent speaker at industry conferences and has written extensively on topics including investment management, portfolio construction, financial planning and global economics.