On October 12, 2020, Robert Schwartz ’18 gave a Zoom
presentation to Daniel Lawson’s Finance Seminar (FIN422) class, which
included several members of the Student Managed Investment Portfolio organization.
The Seminar class provides senior finance major students with case-based lectures, speakers, and networking opportunities often spread
over various areas of specialty within finance.
Robert Schwartz graduated from IUP in 2018 with a degree in finance and
legal studies. During his time at IUP, he was the chief investment officer
of the SMIP. After graduating, he worked as an analyst at PNC Bank out of the
Pittsburgh headquarters. He is now a portfolio manager at First Commonwealth
Advisors, where he is personally responsible for the investment management of over $100 million in
individual and institutional client assets.
seminar, Schwartz walked students through key macroeconomic,
stock, and bond market developments beginning in December 2019 and
progressing through the third quarter of 2020. Emphasis was placed on
understanding the change in economic aggregates, looking at things like real
economic output, the state of the consumer, and how businesses have fared
through the pandemic. Capital markets were also analyzed, taking note of the
precipitous decline in interest rates both domestically and abroad.
was based around the search for yield in an environment where the Federal
Reserve and central banks around the world are engaging in expansionary policy.
This led to a further dialogue regarding the outlook of the United States
economy and factors that will affect the data released in the fourth quarter.
Students were driven to think about what the massive amount of fiscal and
monetary stimulus might mean for capital markets, and how continued expansion
of COVID-19 may dampen growth.
In the latter half of the seminar Zoom conference, Schwartz answered questions from students and talked about his work
experience. Many attendees were curious about how to properly network with
alumni and industry professionals. Schwartz emphasized the importance of
growing relationships for the long term and not for the potential short-run benefits.
He offered advice on how to make the interactions mutually beneficial for
everyone, and encouraged students to find ways to stand out through their actions
and their involvements.
The IUP Eberly College of Business and Information
Technology appreciated the time that Robert Schwartz took to help IUP students
further their knowledge about finance.