Financial Advisor / Wealth Management

Over the past fifteen months I have shared my thoughts on the coronavirus that became COVID-19. I started with Coronavirus on February 4, 2020 in which I admittedly underreacted to the virus by discussing it in the context of normal market corrections and decent performance during prior epidemics. Next came 3 Things Investors Should Know Now on March 30, 2020. The main points: Markets tend to recover before economies do, so don’t wait for a signal that it’s all clear to buy stocks An investment plan is important because it’ll keep you from market timing It was time to rebalance…
There’s no denying that the coronavirus has been devastating for everyone. It has affected everything from our mental and physical health, our businesses and financial security, and even our interpersonal relationships. But it seems that women have been harder hit in one particular way: their pockets. This phenomenon is known as the the ‘she-cession’ and has become a popular buzzword in the media; but what is it really? And what are the implications?…
In his new book, How to Avoid a Climate Disaster, Bill Gates shares that he sold his oil and gas investments in 2019 as part of his personal response to combatting climate change. He’d been out of coal stocks already. While he believes that divestment alone won’t solve the climate change crisis, he knows that investing to fight climate change can have an impact by depriving energy companies of capital through lower stock prices and it signals disapproval of certain industries and industry practices. He also doesn’t want to profit if they do well because the world is slow…
Please enjoy this installment of our Wealth Essentials webinar series. This is the 2nd Part of our lesson on Portfolio Design. We simplify the concepts of Modern Portfolio Theory so even a Kindergartener can have a perfectly designed investment portfolio. Okay, maybe not quite a Kindergartener, but investors will be able to supervise their financial advisors and their savings to ensure they are adequately optimized. Modern Portfolio Theory teaches you how to achieve maximum returns for a given amount of risk. It is based on the work of Nobel Prize-winning economist Harry Markowitz. But don’t let that intimidate you. And…
Last year our team at Heritage Financial launched an important new initiative, HER Heritage. It celebrates the natural tendencies that make women ideal investors and seeks to help women build confidence around building a strong financial future. Learn more about the initiative HERE. To celebrate it, the team is excited to host Breaking Money Silence for the firm’s female clients, friends and partners. I’d love for you or someone important to you that is interested in the topic to attend. DID YOU KNOW…SIXTY-ONE PERCENT OF WOMEN WOULD RATHER TALK ABOUT THEIR OWN DEATH THAN FINANCES? Breaking Money Silence is…
Beyond the Basics: Maximizing, Allocating, and Protecting Your Capital was published exactly one year ago today. COVID-19 forced me to cancel the multi-country book tour, Oprah interview, and Tonight Show appearance. Nevertheless, I had fun getting the word out about the book that can take your finances to the next level and received much support along the way. Here’s a brief look back and a preview of the Beyond the Basics sequel. The book has sold well (I’ve decided that asking how many copies it sold is like asking an author his weight) and garnered many five star Amazon reviews.…
The pandemic is intensifying valuation conflicts in divorce, but the right expertise and creativity can resolve these issues. Navigating a divorce is almost always difficult, but add a global pandemic to the equation and the process can feel impossible. From backlogged courts to co-parenting with opposing social distancing philosophies to dividing assets amid heightened financial uncertainty, COVID-19 is presenting unprecedented obstacles for couples who wish to part ways. Divorce and illiquid assets: an even wider “spread” This is particularly the case when illiquid assets are involved. Even with the help of outside valuation experts, complex assets with opaque valuations are…
Every quarter, J.P. Morgan Asset Management puts out their Guide to the Markets slide deck. It’s a great source of interesting and helpful information about the economy, markets, and investing. Here are the Q1 2021 market guide slides that stood out to me and how they may help you. For a more thorough market overview, check out my team’s First Quarter 2021 Review, And a Look Ahead. The Charts Growth outperformed value in the last bull market (2009 – 2020). This bull market which began on March 23, 2020 has seen value outperform. Despite this strong relative stretch over…
Coming from a financial planning firm, you might be expecting that this article is going to be about the technical and tax-savvy transfer of wealth. You may expect that we will address trusts, important estate planning documents, or even asset protection. While these are inarguably important aspects of your legacy, we believe they don’t paint the whole picture. Your legacy isn’t just the sum of tangible assets you have to give, but the lasting influence of the gifts that you have received and the gifts you give on the people and the world around you. How can you positively impact…
Stocks provide patient investors with the potential for amazing long-term returns. A price you pay for those returns is stressful stock market volatility. Investors who can sit tight when their portfolio is down 20%, 30%, 40%, or even 50% reap the long-term benefits of owning stocks. Doing so is extremely difficult, but not impossible. Protecting your portfolio from a bear market comes down to understanding which market declines to worry about and which to ignore, positioning your portfolio correctly before bear markets happen, and holding on when they occur. It does not come from being able to forecast the next…