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Investment Policy Statements

Investment Policy Statements

What are they? Why are they important?  A self-fulfilling policy. An investment policy statement (IPS) is a document which helps the client and advisor stay “on the same page” by clearly stating the expectations and responsibilities of the client and advisor.   A...

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Investment Policy Statements

Tax Efficiency

What it means; why it counts.   The after-tax return vs. the pretax return. Everyone wants their investments to perform well. But for many investors it’s their after-tax return that may make all the difference. After all, even if your portfolio is earning...

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Investment Policy Statements

Trends in Charitable Giving

The hows and whys of charity in America.   According to Giving USA 2018, Americans gave an estimated $410.02 billion to charity in 2017. That’s the first time that the amount has totaled more that $400 billion in the history of the report.1   Americans give to...

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Investment Policy Statements

Diversification, Patience, and Consistency

Three important factors when it comes to your financial life.   Regardless of how the markets may perform, consider making the following part of your investment philosophy:   Diversification. The saying “don’t put all your eggs in one basket” has real value...

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Investment Policy Statements

Getting a Head Start on College Savings

The hows and whys of college savings.   The American family with a child born today can expect to spend about $233,610 to raise that child to the age of 18. And if you’ve already traded that supercharged convertible dream for a minivan, you can expect your little...

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Investment Policy Statements

Will You Avoid These Estate Planning Mistakes?

Too many wealthy households commit these common blunders.   Many people plan their estates diligently, with input from legal, tax, and financial professionals. Others plan earnestly but make mistakes that can potentially affect both the transfer and destiny of...

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Investment Policy Statements

Eight Mistakes That Can Upend Your Retirement

Avoid these situations, if you can.   Pursuing your retirement dreams is challenging enough without making some common, and very avoidable, mistakes. Here are eight big mistakes to steer clear of, if possible.   No Strategy. Yes, the biggest mistake is having no...

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Investment Policy Statements

401(k) Loan Repayment

A longer repayment time can be an advantage.   The conventional wisdom about taking a loan from your 401(k) plan is often boiled down to: not unless absolutely necessary. That said, it isn’t always avoidable for everyone or in every situation. In a true...

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Investment Policy Statements

Protection Against Uninsured Drivers

Getting in an accident with the uninsured might be costly.   About 13 percent of all motorists, or one-in-eight drivers, do not have automobile insurance.1   Having the misfortune of getting into an accident with an uninsured motorist may have serious...

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Investment Policy Statements

Put it in a Letter

Express your wishes.   Actor Lee Marvin once said, “As soon as people see my face on a movie screen, they [know] two things: first, I’m not going to get the girl, and second, I’ll get a cheap funeral before the picture is over.”1   Most people don’t spend...

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