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Justin McNichols, CFA

Chief Investment Officer, Principal |

Justin is the Chief Investment Officer for Osborne Partners, and has over 25 years of experience. Justin is a member of the Osborne Partners Investment Management Team, and became a principal of the firm in 2000. Previously, he was with Wells Fargo Asset Management. At Wells, Mr. McNichols was head of equity research, and a member of the national growth equity team. Additionally, he managed over $1 billion in separate account and mutual fund assets. Justin is a member of CFA Society San Francisco and CFA Institute. Justin received a Bachelor of Arts degree in Economics in three years and a M.B.A. in Finance from the University of California at Irvine. Additionally, he is a CFA Charterholder.

Publications by Justin McNichols, CFA

November 13, 2020 | Global Equities

The Rotation from Growth to Value
The financial media has recently begun to focus on the ongoing rotation from U.S. growth stocks to U.S. value stocks. Specifically, a rotation out of high valuation, momentum growth companies. […]

October 16, 2020 | Economics

Managing Portfolios During the Most Unique Election of Our Time
We examine four possible Presidential election outcomes and the effect on our portfolios. Every four years, as the presidential election approaches, there is typically a certain level of anxiety investors […]

July 17, 2020 | Investment Commentary

Is Osborne Partners a Growth or Value Manager? Yes.
In this article, we discuss the long-term advantages of being a style agnostic manager. The investment management industry tends to assign labels to firms, placing them in various “style boxes.”  […]

April 14, 2020 | Economics

The Sentiment Virus
After a strong 2019, 2020 appeared to be a promising year.  Unemployment was at a record low, and wages were growing at a faster pace than almost any other time […]

January 15, 2020 | Economics

The Great Normalization
Over the past 20 years, a series of events starting with the bursting of the internet bubble led to the unprecedented environment we find ourselves in today.  We started with […]

October 20, 2019 | Global Equities

The Bull Stock Market in the Bear Economy
Signs of economic weakness are pervasive.  Quantitative evidence from economic reports is depicting an obvious economic slowdown.  Additionally, qualitative evidence, such as “expert” commentary and recession related media headlines, means […]

July 14, 2019 | Global Equities

Safe Is Not Safe Anymore
Click here to view a PRINT VERSION of this article. Historically, two sectors with consistently slow earnings growth have been utilities and consumer staples.  Over the long-term, these two sectors […]

April 14, 2019 | Economics

Do the Recent Yield Curve Inversions Guarantee a Recession?
Click here to download a PRINT VERSION of this article. Since 2006, the only inversions investors studied were inversions involving multi-national companies relocating their headquarters and legal residence to countries […]

January 23, 2019 | Global Equities

What Does the Recent US Stock Market Action Mean for 2019?
The old saying “stock prices follow earnings” was not in effect during 2018.  The S&P 500 delivered outstanding earnings growth of 22% during the year.  However, this impressive earnings growth […]

October 19, 2018 | Global Equities

The Risk Of Investing In One Asset Class
To download a printable version of this article:  201810 OPCM – The Risk Of Investing In One Asset Class For many decades, the best risk-adjusted returns were found using a […]
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