Interest rate hikes aren't things to fear, Peter Andersen, Fiduciary Trust chief investment officer, told CNBC on Wednesday.
"It's about time now that rates move up... . Things are really suppressed, in terms of interest rates. And it's [interest rate hikes] a good thing. If interest rates are moving up, I know it can pain some fixed-income investors, but in general, that's a byproduct of a healthier economy," he told CNBC's "Power Lunch."
Peter Mallouk, Creative Planning president and chief investment officer, isn't concerned over the prospect of increased interest rates either.
"It's really hard to see even a few rate hikes really changing the general path of the market. Rates can go up four more times– we're still going to be 50 percent below our historical norm," he said on "Power Lunch."