2019 Key Financial Data Card

Each year I like to share this useful reference tool to help you plan throughout the new year.

The 2019 Key Financial Data card provides many of the important numbers you may need to help with retirement, Social Security, taxes, health care, Medicare, college planning and more.  Click here for a larger, printable version of this guide.

As always, call me if you have any questions or would like to talk about how to plan for your future.  I think you’ll find this reference guide a useful resource.

RWM Advisor Earns Global Distinction

Michael T. Hartley, a member of Riverside Wealth Management’s Board of Advisors, was recently recognized at the Family Firm Institute’s Global Conference held in London, England.

Mr. Hartley was awarded with the firm’s Advanced Certificate in Family Wealth Advising (ACFWA) and was honored as a Fellow of the Family Firm Institute.  This award represents the highest level of professional designation in the area of family wealth advising and is awarded to individuals who have achieved “comprehensive professional knowledge and expertise and provides significant value to family business owners and family wealth clients.”

The Family Firm Institute is an international professional organization with over 1,800 members representing over 88 countries.

Karla Rossetti Pippins, Riverside Wealth Management’s Founder and President, said “we are proud of Michael’s accomplishments and his recognition as one of the leaders in family wealth advising.” Pippins added, “Michael has been instrumental in helping to shape our client service model and ensuring we operate using the highest professional standards, implementing best practices in prudent investment management and family advising.  We congratulate him on receiving this outstanding honor.”

Protecting Senior Investors with a Trusted Contact

The Financial Industry Regulatory Authority (FINRA) has made an important regulatory change that will impact all new accounts.  Th rule is intended to safeguard vulnerable investors from financial exploitation.  

The US Securities and Exchange Commission (SEC) approved this rule, proposed by FINRA, to protect seniors and other specified adults from financial fraud and abuse.  Effective as of February 5, 2018, FINRA Rule 2165 will require FINRA broker-dealers to:

  • offer the option of adding the name of a Trusted Contact to all new accounts of seniors and specified adults, 
  • maintain a record of the name and contact information for a Trusted Contact who may be contacted about a customer’s account, and
  • permit FINRA broker-dealers to place a temporary hold on the disbursement of funds or securities from the accounts of certain customers if there is a reasonable belief that the customer may be subject to financial exploitation. 

All new account applications will include an optional form that will allow participants to appoint a Trusted Contact for their account(s).  If you elect to designate a Trusted Contact for any or all of your accounts, this person can be contacted by your advisor or custodian if they suspect any abnormal withdrawal or transfer activity.

For more detailed information on this rule please click here.

Riverside Wealth Management Announces New Chief Investment Officer

Michael W. Hartley is our new Chief Investment Officer (CIO) and was recently promoted to President of our partner DKE (Dale K. Ehrhart).  Byron Sanders, our former CIO, has retired from day-to-day investment management to pursue his passion for communicating the benefits of disciplined investing.  As a powerful voice in the investment community, we will continue to leverage Byron’s unique ability to understand markets and how they relate to your needs.

Prior to his promotion, Mike was vice president, leading the firm’s virtual family office division and working with Byron to support our client service team.  Like Byron, Mike will work directly with me to design and implement specific investment plans and will oversee the day-to-day management of investment accounts.

Mike received his Master of Business Administration in Finance and Bachelor of Business Administration degrees from the University of Miami School of Business and attended executive studies programs at the University of Chicago’s Booth School of Business.  He is a CERTIFIED FINANCIAL PLANNER™ and holds certificates from the Family Firm Institute in Family Wealth Advising and in Family Business Advising.

Mike is the co-author of the book, “The Financial Advisor Practice Lifecycle”, and was once named to the list of Top 40 Investment Advisors Under 40 in the United States by Wealth Management, Trusts and Estates Magazine.  Mike is also a highly sought-after industry thought leader advising on topics ranging from retirement planning to information technology.

We look forward to working with Mike in his new role.

2018 Key Financial Data

The 2018 Key Financial Data card provides lots of great information to plan for the year ahead.  This can be a handy reference guide to help you think about and prepare for some of your big money decisions this year.  It provides important information on retirement, taxes, health care, college planning, Medicare, social security and more.   Click here for a printable version: Key Financial Data 2018.

I hope you will find this card useful.   As always, you can call me if you have any questions or concerns or would like more detailed information.

 

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