Should retirees be concerned that Required Minimum Distributions (RMDs) lead to the premature depletion of their assets? Click here for “Your RMD Amounts Are More Conservative Than You Might Think” by Christine Benz, Morningstar’s director of personal finance.
“As leaders, we must watch for the shifts in people we lead. If not, we may miss an opportunity to see the rainbow inside of them. We may live our lives leading people we don’t know and have very little positive impact.” Please click here to continue reading.
Source: Customer Fanatix
The science of evaluating portfolio managers and then determining who to keep and who to send packing is straightforward - or so you would think. But the evidence remains, financial advisers and their clients continue to make the same decision mistakes over and over. Click here to keep reading.
Source: CFA Institute
Why did you choose investment consulting?
I enjoy working in an environment that is in harmony with fiduciary responsibilities. The ability to work for clients without any conflicts of interest is something I really value. I try and bring a combination of trust and expertise to my clients and their investment objectives. Innovest’s approach to conflict-free investment consulting makes my work extremely rewarding.
How did you get started in the industry?
In the early 1980s I began learning about investments from my father, and soon thereafter began investing on my own. Over time, some friends and associates began asking me for advice regarding their personal portfolios. I started my own investment advisory firm to serve these clients and pursued the Chartered Financial Analyst (CFA) designation.
Where did you go to college? What did you study?
I received my bachelor’s degree in history and a minor in business from Oral Roberts University in Tulsa, OK.
What did you do before coming to Innovest?
Before Innovest, I spent seven years as a portfolio manager serving high-net-worth families and non-profit organizations in the Denver area at Northern Trust. Previously, I was a portfolio manager for clients of another trust company, both in Colorado and the region of eastern Ohio and northern West Virginia.
What was your most interesting job?
All of my jobs have been interesting and engaging. The financial markets are constantly changing, and clients’ needs and objectives change over time. I am thankful for those experiences, as I have been able to build upon them while working at Innovest.
Do you have any certifications? What are they? Why did you choose them?
I hold the Chartered Financial Analyst (CFA) designation from the Institute of Chartered Financial Analysts and the Certified Investment Management Analyst (CIMA®) designation from the Investments & Wealth Institute. I chose to obtain these certifications because I wanted to deepen my investment knowledge and be of better service to clients.
Do you do any continuing education?
One of the most gratifying and challenging aspects of investment consulting is continually learning. I endeavor to stay on top of market news and trends so I can help clients understand the markets and have the discipline to be successful long-term investors.
“Bipartisan legislation to allow plan sponsors to use e-delivery as the default distribution method for ERISA required retirement plan documents was reintroduced in the Senate in the waning days of the 115th Congress.
The “Receiving Electronic Statements to Improve Retiree Earnings (RETIRE) Act” (S. 3795) would permit retirement plan sponsors to automatically enroll participants in electronic delivery for plan communications, while providing an opt-out option for employees who prefer to continue receiving paper documents.” Click here to continue reading.
“Just seven short weeks ago, the floating-rate loan market was standing tall with 4.0% year-to-date return through October. Not only were loans on pace for the 5%+ calendar year mark that many anticipated, they had performed with remarkably low volatility and a performance profile that trumped all major asset classes.
Enter the Grinch.
Click here to continue reading.
Source: Eaton Vance
“Here we go again: The Federal Reserve (Fed) just raised the federal funds rate target for the fourth time this year—and the ninth time in the last three years. The move was expected by most economists, although recent market volatility and increasing calls for the Fed to pause rate hikes resulted in a 68% implied probability of a hike the day before the announcement—the lowest level of this cycle. Since the Fed began its rate hiking cycle in December 2015, the day-before probabilities had ranged from 83% to 100%.” Click here to read more.
Source: Charles Schwab
“The current structure of pension systems in most developed countries cannot be sustained without cutting benefit levels substantially or introducing much higher taxes.” Click here to see what options we have to save social security.
Source: Financial Advisor
If you fell asleep in 1945 and woke up in 2018 you would not recognize the world around you. The amount of growth that took place during that period is virtually unprecedented. If you learned that there have been no nuclear attacks since 1945, you’d be shocked. If you saw the level of wealth in New York and San Francisco, you’d be shocked. If you compared it to the poverty of Detroit, you’d be shocked. If you saw the price of homes, college tuition, and health care, you’d be shocked. Our politics would blow your mind. And if you tried to think of a reasonable narrative of how it all happened, my guess is you’d be totally wrong. Because it isn’t intuitive, and it wasn’t foreseeable 73 years ago. Here’s how this all happened.
Click here to read the article.
Source: The Collaborative Fund
Innovest is honored to be named a 2018 Best Place to Work in Money Management by Pensions & Investments. This marks the fourth time that Innovest has been awarded the national honor in the past five years (2014, 2016, 2017, 2018).
Pensions & Investments ranked Innovest fifth out of 19 companies with 20 to 49 employees, citing Innovest’s family-friendly work environment and personal and professional development opportunities.
“We are humbled to be awarded this honor for a fourth time. It is one of the awards that we are most proud of as a firm as it is a testament to our outstanding employees and Innovest's culture,” said Richard Todd, CEO of Innovest Portfolio Solutions.
To learn more, click here.
Source: Pensions & Investments
“Security freezes, often called credit freezes, are “absolutely” the best way to prevent criminals from using your personal information to open new accounts in your name, said Paul Stephens, director of policy and advocacy with Privacy Rights Clearinghouse, a consumer advocacy nonprofit group.” Click here to learn more.
Source: New York Times
“The Securities and Exchange Commission is proposing rule changes to the disclosure regime for variable annuity and variable life insurance contracts in an effort to help investors with their investment decisions.” Click here to learn more.
Urban Peak, a Denver based nonprofit, works to provide services to Denver’s homeless youth. Their goal is to equip young adults with the skills to overcome difficult challenges and become self-sufficient. Urban Peak provides overnight shelter, employment programs, a drop-in day center, street outreach, educational and employment services and supportive housing. In 2016, Urban Peak served 1,814 youth, with many moving on to have stable lives. On Monday, October 22nd, Urban Peak is hosting its annual fundraiser, “Plates for the Peak”. Come enjoy specialty drinks, fabulous food, music and a silent auction to support Urban Peak! Tickets are available for purchase online.
Social Media is one of the best or the best way to get your company started and a great way to have people recognize and help your company grow. The best platforms for your company include LinkedIn, Facebook, and Twitter. Click here to learn more ways to use social media to grow and build a community.
The Internal Revenue Service is giving approval for the back-door Roth. “Participants would be able to first contribute to a traditional non-deductible IRA then convert those funds to a Roth IRA, bypassing the Roth IRA contribution limits.”
Read more about it here.
Source: Financial Advisor Magazine
Socially Responsible Investing has emerged as a significant trend with competitive returns over both short and long terms. By demonstrating solid long-term returns, we’re likely to see more widespread adoption of these strategies in the future. Click here to read more.
Source: Charles Schwab