Midwesterner Garners Barron's Distinction

Don Dewaay of Dewaay Capital Management in Clive,Iowa,was the first Iowan named to Barron's Top 100 Financial Advisors,coming in at #58.The competition for the honor was formidable,Mr.Dewaay noted,and Midwesterners are too often overlooked for recognition,which made this honor all the more special.Dewaay Capital Management provides wealth portfolio management services to affluent clients,corporations and charitable foundations,managing over 650 million dollars for clients throughout the U.S.Mr.Dewaay was one of only 10 independent advisors named to the list,which is dominated by large national wire house firms.Independent advisor firms are a breed apart,Mr.Dewaay said,and he believes they represent the future of the industry.Unlike the large wire house firms,these professionals are driven entrepreneurs who built their practices with personal vision,principals and passion.That is rare in an often stodgy industry.I'm extremely grateful for the opportunity to represent the universe of independent advisors across the country,Mr.Dewaay remarked.
Honors are nothing new to Don Dewaay.He was also named to Barron's Top Iowa Advisor list;was the only Iowan on Medical Economics Magazine's Top 150 Advisors for Doctors 2009;made the 2008 Forbes Magazine Goldline Research's Top 10 Most Dependable Advisors in the Midwest;and received the Better Business Bureau Integrity Award.

Money Manager Leans Private

In the view of Don Dewaay of Dewaay Capital Management,we've had two 45% declines in the past 10 years,and that's changing the way people save and invest.It's anyone's guess where this market is going in the next six months-or six years.Everything's been stress-tested,Mr.Dewaay observed.There's opportunity in the equity markets,but we focus on direct ownership of businesses and real estate.People have gotten farther away from their money,it seems to Mr.Dewaay.
Many investors are indeed taking advantage of the lower home prices,distressed properties and lower mortgage rates the financial crisis has resulted in.These will not last forever.KB Home,for instance,has resumed operations in the D.C. Metro area,feeling more optimistic than it has in some time.It had suspended construction and sales in late 2007,but plans to call construction workers and sales staff back to work,offering more moderately-priced homes for wary consumers.KB Home cited rising home prices and declining inventory levels as the reasons for its decision.