For many investors, a barrier to diversifying their portfolio is the impact of losing 25% of their profits if they sell a highly appreciated asset. If you are charitably inclined, that barrier can be eliminated by using a tax-exempt trust, as outlined by the following example: Let’s assume you have a highly appreciated asset (perhaps […]
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If I were to ask you how many hats do you wear, what would your answer be? For me, I wear the hats of wife, mom, Associate Advisor, and student. Unfortunately, time does not expand the more hats you wear. So how can we juggle the different roles that we are in? It is important […]
Time or timing…which is more critical to investment success? We would say time in the market is more important. Investors would all like to buy near the bottom of the market declines and sell near the high, but no one can accurately predict when those opportunities will present themselves. It is only with the […]
Studies suggest that parents may dread financial conversations with children almost as much as the conversation about “the birds and the bees.” A 2018 study conducted by T. Rowe Price reveals that two-thirds of parents show reluctance in discussing money with children. Parents may find that it is only important to begin discussing finances when […]
The Birth of the Federal Reserve Global central banks and their unconventional monetary policies have been in the limelight since the financial crisis in 2008. Given the unprecedented actions of the Federal Reserve (aka the Fed) recently, we wanted to give you a closer look into why the U.S. central bank was created and how […]
That sound you heard earlier in April, all across America, was the clattering of knives and letter-openers, dropped to the floor by retirement age investors staring at their quarter-end 401(k) statements. What had gone wrong with their “set it and forget it” investment plan? The “set it and forget it” rhyming aphorism is one among […]
Our industry, our country, and the entire world was turned on its head in March as local and federal governments began to institute widespread stay-at-home orders. While some RIAs were caught flat-footed from a technology perspective, the RIA industry has been luckier than many brick-and-mortar establishments that needed to completely shut their doors during this […]
For most 20th century Americans, the goal was, have a house with a white picket fence, two kids and a dog named Spot. For their future, they imagined flying cars and holographic images, something you would see in a sci-fi film. For those born between the years of 1997-2015, known as Generation Z, the idea […]
What has been your reaction to pandemic news? Perhaps you are instinctively driven to hunker-down and shelter in place with your loved ones. Maybe it’s the opposite – perhaps you are driven to action and do whatever you can to stock up on food and supplies to weather the storm. Perhaps you are somewhere in […]
We all have a unique relationship with money. Usually, this association is deep-rooted and developed over time starting from early childhood. Money Scripts are identified as the unconscious beliefs we have about money, often partial-truths, and sometimes they are passed down from generation to generation. Our money scripts tend to correlate certain statistics, such as […]
We work closely with our clients to understand their goals and risk tolerance to help them create a long-term plan. As of December 31, 2019, we manage $2.036 billion for over 980 families and institutions. Of those relationships, over 25% exceed a decade in length.