Fowler Bull Group, a team within Morgan Stanley Private Wealth Management based in Denver, Colorado, is led by senior members Shawn Fowler and Max Bull. With custodied assets totaling $14.7 billion, the team consists of ten individuals serving 93 clients, primarily entrepreneurs in industries such as defense, healthcare, and technology. Fowler, who joined Morgan Stanley nearly 25 years ago after studying finance at the University of Colorado Boulder, focuses on growing the value of clients’ assets and cash flow to ensure long-term wealth preservation. Bull, a former hockey player who transitioned into a career at Morgan Stanley in 2005 after captaining the University of Denver’s national championship team, emphasizes the importance of client durability through consistent investment strategies.
Fowler and Bull adhere to a consistent investment philosophy across all clients, with a focus on long equity, fixed income, alternatives, and cash allocations. They prioritize dividend growth in equity investments to ensure real-time cash flow, while maintaining tax-efficient high quality bond portfolios for fixed income. The team also allocates a portion of client portfolios to cash-flowing real estate and private equity for diversification and consistent returns. Their goal is to provide clients with a durable investment strategy that remains steady even during significant market downturns.
In terms of their investment outlook, Fowler predicts that equities will continue to trade above historical averages, with expectations of further rate cuts from the Federal Reserve. Looking ahead to 2025, he anticipates positive corporate earnings and dividend growth, although overall stock market returns are expected to be more moderate. Despite the current expensive valuations in the market, Fowler sees opportunities in commercial real estate, especially after a recent correction in the sector. The team’s approach is to remain invested for fully committed clients while also staying vigilant for potential risks and fluctuations in the market.
One of the key pieces of advice that Fowler Bull Group gives to their clients, many of whom are private business owners, is to exercise patience when deploying capital, particularly after liquidity events. Bull emphasizes the importance of taking the time to carefully consider investment decisions and avoid rushing into new opportunities. By prioritizing long-term wealth preservation and consistent returns, the team aims to guide their clients towards financial success and stability in an ever-changing market environment. With a focus on growth, cash flow, and durability, Fowler Bull Group sets itself apart as a trusted partner for entrepreneurs and high-net-worth individuals seeking personalized wealth management solutions.
As the economy continues to evolve and market conditions fluctuate, Fowler Bull Group remains committed to their core investment principles and strategies. By staying true to their philosophy of prioritizing cash flow and durability, the team navigates the complexities of the financial landscape with expertise and precision. With a strong focus on client relationships and long-term success, Fowler and Bull lead their team in providing exceptional wealth management services to their diverse clientele.
