Credit scores are used in our country as a method to determine an individual’s financial responsibility. The three-digit credit score means more than just the possibility of fiscal responsibility to the lender. They are part of a formula called credit utilization. Understanding how your ‘number’ fluctuates regardless of making payments on time,...
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Many investors evaluate not only their portfolio performance but also their relationship with their financial advisor from time to time. Many times people base their evaluation of their advisor on their portfolio performance, but there are other components to consider. Asking these questions can help you determine if you and your advisor...
How did you learn to manage money and understand the value of investing? Did your parents relay to you what they knew about money or did you read books on budgeting and investing in figuring it out yourself? The reality is that many of us did learn through trial...
suit·a·bil·i·ty: The quality of being right or appropriate for a particular person, purpose, or situation. The definition of suitability seems quite easy to understand and should be clear when it comes to investment recommendations to clients. However, many times when clients come to our firm the investments they have are not...
At some point along your life’s journey, you might find yourself at a crossroads looking back thinking, “Is this it? Is this all there is to life?” while considering the path ahead of you. It can happen at any time- you’ve spent your life building something that has taken all your...
The financial services industry is still recovering from the effects of the financial crisis. Positive impacts from the crisis include new regulations and clients taking an increasingly active role in their economic destiny. Reinforcing this is that all participants—financial advisors, clients, and regulators—are all welcoming the greater transparency and convenience that new financial...
Since President Trump announced his intention to impose tariffs on all countries the stock market has been reacting-based on investor concerns in reaction to the media. All indications at the time of this writing are that the tariffs would be applied to all countries, although that remains unknown. This development has...
For those of you that have ever hired a personal trainer–you know what that experience is all about. The first day is the one that you will never forget because it was hard both physically and mentally. You probably found out that you weren’t as strong as you thought you were...
Receiving a large sum of money through an inheritance or other windfall can be stressful, exciting, and confusing all at once. Managing a large sum of cash can seem overwhelming, particularly if it’s an experience you’ve never had before. Here are seven common inheritance mistakes and how you can...
In April 2018 Facebook’s CEO, Mark Zuckerberg’s admittance of Facebook user’s data used by Cambridge Analytica in our last presidential election has caused an emotional reaction in Americans and lawmakers alike. Zuckerberg admitted that controls to prevent such a leak were not in place and that, he too, believes social...