Blog

A Rough Week

Since 2009, the stock market has moved higher on an almost regular basis. Success like this can make it hard to believe that two short years ago the global economy was being buffeted by the Arab Spring uprising and the potential exit of Greece from the European Union. One outcome of these events was a 10% correction in the S&P 500 index. Having moved from that point in time to now without a major pullback, some would say a market setback is long overdue. Last week, there was news that could potentially be the trigger for a correction. Lower than expected company profits and concerns about slowing worldwide growth caused the Dow to lose 3.5%. The NASDAQ, an index that measures technology and growth companies, was down 1.7% for the week.

 

Continue reading
2905 Hits

Tax Time Readiness

As the calendar moves toward the inevitable April 15thtax deadline, this is a good time to consider some of the details related to the process. Whether you use tax software or rely on a tax professional, there are a number of important items to think about prior to filing. Consider whether the following items apply to you before submitting your return:

 

Continue reading
3067 Hits

Maximize your Charitable Gift (''Tis the Season'')

As we near the end of 2013, we will likely spend some time assessing the past twelve months and then turn our attention to preparing tax returns. The fact that it has been a good year for the markets is undisputable. The equity returns of 2013 have left many of our clients with significant unrealized capital gains in their portfolios. To most investors, these gains represent a future tax obligation. If considered differently, these gains can become a valuable tool for tax advantaged gifting.

Continue reading
2703 Hits

The Fed Surprises Again

Two goldfish are standing outside their goldfish bowl which is engulfed in flames. One goldfish says to the other goldfish, “Whew, that was close.”

 

Continue reading
1434 Hits

Wire Fraud Protection Strategy

Financial advisors and their clients have increasingly been targeted by scammers attempting to use email to commit wire fraud. Even at SYM there have been several spurious, unsuccessful, attempts to access client accounts in the last few months.

Continue reading
1740 Hits