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Financial Bites – Tax Planning for Individuals Video and Update

Tax Planning for Individuals, the third event in our new Financial Bites lunch series, was a huge hit. In this session, our advisors explained why tax planning is vital to a healthy financial life and how to put money back in your own wallet. Thank you to all our attendees as well as our outstanding wealth advisors, Bryce Snell and Wade Calvert, who presented.

Click on the above image or visit this link to watch our tax planning session: https://vimeo.com/mortoncapital/fbtaxplanning

We hope you find this video valuable. Please feel free to share this link with family and friends and on your social media channels. Any feedback you have would be extremely valuable to our team, including any recommendations of topics you would like us to present on in the future. Financial Bites is a complimentary series and our upcoming sessions are filling up fast, so we encourage you to RSVP soon. Click on the link below to view all sessions and RSVP today!

https://mortoncapital.com/financialbites

We hope to see you soon and thank you for your continued support of Morton Capital.

The MC Team

Financial Bites – Budgeting Session Video and Update

The second event in our new Financial Bites lunch series, Budgeting, went off without a hitch. In this session, our advisors honed in on the keys to a successful budget and how to get your financial footing. Thank you to all our attendees as well as our phenomenal wealth advisors, Joe Seetoo and Celia Meagher, who presented.

Our goal is to make this information clear and accessible to everyone. This session focuses on the importance of checking your financial pulse – everything from what savings/spending strategies you should use to the importance of maintaining a good credit score.

Click on the above image or visit this link to watch our budgeting session: https://vimeo.com/mortoncapital/fbbudgeting

We hope you find this video valuable. Please feel free to share this link with family and friends and on your social media channels. Any feedback you have would be extremely valuable to our team, including any recommendations of topics you would like us to present on in the future. Financial Bites is a complimentary series and our upcoming sessions are filling up fast, so we encourage you to RSVP soon. Click on the link below to view all sessions and RSVP today!

https://mortoncapital.com/financialbites

We hope to see you soon and thank you for your continued support of Morton Capital.

The MC Team

Financial Bites – Retirement Planning Session Video and Update

Recently we hosted the first event in our new Financial Bites lunch series. The session focused on retirement planning and was an incredible success. We are grateful to everyone who attended and to our outstanding wealth advisors, Chris Galeski and Chelsea Watson, who presented.

Clients often come to us asking, “How much do I need to save for retirement?” This session addressed this question by focusing on smarter ways to save, how to more efficiently invest those savings, and how to balance your normal expenses with future costs.

Click on the above image or visit this link to watch our retirement planning session: https://vimeo.com/mortoncapital/fbretirementplanning

We hope you enjoy this video of the event. Please feel free to share this link with family and friends and on your social media channels. Any feedback you have would be extremely valuable to our team, including any recommendations of topics you would like us to present on in the future. Financial Bites is a complimentary series and our upcoming sessions are filling up fast, so we encourage you to RSVP soon. Click on the link below to view all sessions and RSVP today!

https://mortoncapital.com/financialbites

We hope to see you soon and thank you for your continued support of Morton Capital.

The MC Team

Mid Quarter Newsletter – September 2019

Interest Rate Movements – How to Make Sense of Them?

At its July meeting, the U.S. Federal Reserve (Fed) lowered interest rates for the first time since December 2008. Officially, the Fed’s reasoning was that it was worried about inflation not hitting the desired 2% goal. But unofficially? They may have instead caved to market forces, political pressures and global trade tensions. Since then, interest rates on U.S. government bonds have fallen across the board, with the 30-year U.S. Treasury falling below 2% for the first time ever.

With all the talk of interest rates in the news, it can be easy to lose sight of what they actually are: simply the cost of borrowing money. In normal environments, interest rates are decided by the supply and demand for money. However, the Fed also has a hand in things—it sets the short-term rates at which banks can borrow either from each other or the Fed. When those interest rates rise, the rates that banks charge their customers for a loan (for providing a mortgage or starting a business, for instance) typically go up too. In theory, the rates that banks can pay their deposit customers should also rise, though miraculously that upward adjustment can sometimes lag pretty meaningfully behind any actual rate increases.  

Below, we take a more detailed look at how rising or falling interest rates generally affect us all, from consumers to corporations to the economy. 

So how do lower interest rates affect investors’ portfolios and financial goals? Many savers are being punished with the lower income that results from the Fed’s move to lower rates. Since yields on most bonds are so low in the current environment, otherwise conservative investors often have to move into riskier asset classes (like stocks) to try to maintain their income levels as interest rates decline. Rather than play that game, Morton Capital has elected to seek out strategies that are somewhat agnostic to moves in interest rates. Even though the future return prospects for traditional bonds just got a bit bleaker, we are fortunate to have other tools at our disposal to earn investors what we feel is attractive income without undue risk. 

Wealth and Legacy Planning – New MC Service

When Lon Morton first founded the company, he was driven by the desire to help people. In our business, helping others can take many forms, and over the years, many of you have experienced our broadened array of services to help meet this vision. This includes collaborating with you to define what it looks like to enjoy your wealth, sourcing investment opportunities to protect your wealth, and designing financial plans to organize your wealth. To further enhance our capabilities, we’ve added Brian Standing to the team, who has 12 years of experience as a wealth and legacy planner. His role is to have estate planning discussions with our clients as an additional component of our financial planning service. 

We recognize that estate planning can be emotionally daunting and time-consuming, and that it’s often difficult to ensure all the pieces of your financial life are organized in the way you want. In many cases, we’ve been a part of our clients’ lives for decades and personally understand family dynamics (such as the best way to have conversations with your children about wealth), values and intentions. This is why our advisors are now partnering with Brian to align your financial plan with your estate plan and ensure your wealth is transitioned according to your wishes.

We’re excited about this new offering and hope that you, our clients, will be too. At Morton Capital, we have a goal of empowering our clients to enjoy their wealth by organizing and simplifying their financial life. We believe this new offering should do just that. Please reach out to your advisory team if you would like to schedule a wealth and legacy consultation.

Welcome Brian and Adam

Brian Standing, Esq.
Wealth Planner

Brian Standing joined Morton Capital as a Wealth Planner in June 2019. From 2007 to 2019, Brian worked in private law practice in the area of estate planning and taxation. He received his JD from Southwestern Law School and earned his undergraduate degree from Loyola Marymount University. Brian is certified as a specialist in estate planning, trust and probate law by the State Bar of California’s Board of Legal Specialization. Outside of work, Brian enjoys spending time with his wife and three kids.

Adam Bartkoski
Finance and HR Manager

Adam joined Morton Capital in April 2019 as the Finance and HR Manager. He has almost 20 years of experience in financial services, including roles at Fidelity Investments and Fiduciary Network. Adam also spent two years as a volunteer with the Peace Corps, serving as a teacher for a school in Kharkiv, Ukraine. He earned a Bachelor of Arts degree in history from Texas A&M University.

Financial Bites Lunch Series

A few weeks ago, we kicked off our Financial Bites lunch series. This complimentary series covers the basics on a number of financial planning topics, such as investments, estate planning and long-term care. If you weren’t able to join us for our Retirement Planning session, we encourage you to attend one of the other six sessions over the next several months. 

Our next lunch, on budgeting, on Friday, September 20, focuses on the importance of checking your financial pulse – everything from what savings/spending strategies you should use to the importance of maintaining a good credit score. 

You can RSVP to any of these events by visiting mortoncapital.com/financialbites.

 

GET THE MOST LIFE OUT OF YOUR WEALTH (SM)

Senior Vice President, Joseph Seetoo, recognized as a finalist in the 2018 Trusted Advisors Awards by San Fernando Valley Business Journal.

Congratulations to Senior Vice President Joseph Seetoo, on his becoming a finalist for the San Fernando Valley Business Journal’s Trusted Advisors Awards. This annual event honors attorneys, accountants, business bankers, insurance professionals and wealth managers in the greater San Fernando Valley region for their commitment to high quality client service and overall excellence.

At the award ceremony, hosted on August 9thpublisher Charles Crumpley commented “This event helps to recognize the importance of the relationships they have developed with their clients as they guide them through this complex business environment,” Crumpley said in his opening remarks. “Everyone understands that in these industries, professionals have to help their clients comply with rules and regulations. But it is those rare individuals who do that but also combine market knowledge with superior service to help their clients thrive and achieve. And many of them go way above and make significant contributions to our community.”

We are incredibly proud of Joseph and his relentless pursuit of excellence in both client service, and as a leader within our team. In 2017 Joseph was also awarded the Wealth Management – Trail Blazer Award by the San Fernando Valley Business Journal.

Read more here

Disclosures:

San Fernando Valley Business Journal (“SFVBJ”) Trusted Advisors is an independent listing produced annually by the SFVBJ. The award is based on data provided by individual advisors and their firms. Only advisors who submitted information are included for consideration, and investment returns are not a component of the rankings. The award is based upon a recipient’s application and not upon any qualitative and quantitative criteria relating specifically to one’s position as an investment advisor. As such, the award is not representative of any one client’s experience. This award does not evaluate the quality of services provided to clients and is not indicative of the investment advisor’s future performance. Neither the RIA firms nor their employees pay a fee to the SFVBJ in exchange for inclusion in the Trusted Advisors awards.

The Case for Gold in an Uncertain World

gold barIn this position paper, we will discuss our rationale for instituting a position in gold across our clients’ portfolios. There are many opposing viewpoints about owning gold in a diversified portfolio. We will look to address these countering points of view and explore how the current macro landscape makes the rationale for owning gold more compelling than it has been for quite some time. Specifically, we will discuss:

  • Opportunity cost of owning gold – Investors often shun gold in favor of assets with a positive expected return, namely stocks and bonds. However, stocks are trading near all-time high valuations and yields on traditional bonds are anemic, making alternative investment opportunities such as gold more attractive on a relative basis.
  • Traditional diversification is broken – Historically, stocks and bonds have behaved differently from one another and have therefore acted as efficient diversifiers when combined in a portfolio. However, in recent years, the data has shown that stocks and bonds have become more highly correlated with one another. Gold, on the other hand, has displayed a low correlation to both stocks and bonds over extended periods of time.
  • Gold as a store of value – Gold is the one global currency that cannot be created out of thin air in this age of undisciplined money printing. All currencies are susceptible to debasement by central banks looking to stimulate their debt-ridden economies through easy monetary policies. Unlike most paper currencies, gold has maintained its value over long time periods.

We understand that this positioning may not be popular as traditional assets continue their march upward with the support of central banks. However, with the expensive nature of traditional stocks and bonds, coupled with the heightened risks of currency debasement and possible inflation, we believe that a modest allocation to gold can act as a meaningful hedge over time.

Read the full position paper here