Riverside Wealth Management Opens New Headquarters in FL

We are excited to announce the opening of our new headquarters in West Palm Beach, Florida.

We are looking forward to continuing our mission to help loving couples and women protect their money and preserve their lifestyle.

 

Headquarters
777 South Flagler Drive
West Tower, Suite 800
West Palm Beach, Florida 33401
Office: 561-270-6880

Offices Florida and South Carolina

Karla Rossetti Pippins

Founder & President
Mobile: 617-850-2550
krp@riversidewm.com
www.riversidewm.com

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.

The New Tax Law: Changes & Planning Considerations

As you may know, the Tax Cuts and Jobs Act of 2017 is about to become law.
The attached AALU (a Washington D.C. underwriting organization) report outlines some insights that might impact your tax, investment and estate planning.  You can click here for this report.
For advice regarding your specific situation, please talk to a trusted accountant or CPA.
As always, you can call me if you have any questions.

Riverside Wealth Management Earns 2016 Women’s Choice Award

 

Riverside Wealth Management has once again earned the prestigious Women’s Choice Award for Financial Advisors. This award, earned from our outstanding commitment to female and family clients, was recently featured in USA Today.

The Women’s Choice Award recognizes advisors who provide the highest quality service to female clients and serves as a testament to our dedication to helping women and loving couples take the worry out of thinking about money and take control of their financial life.

 

In the News

I would like to share this recent article highlighting Riverside Wealth Management, which appears in the July issue of  The Suit.  We are pleased to be included in this online business publication.

I hope you enjoy this magazine, which includes a little piece of Hollywood with a cover story on the colorful and varied career of Bo Dietl. He’s played many roles, including one as himself in the film The Wolf of Wall Street.

If we can help you or someone you care about, please contact me.

 

Our Disciplined Approach Earns Top Grade from Morningstar

Morningstar, a leading provider of investment research, recently issued a new Stewardship Grade for Dimensional Fund Advisors (DFA), one of our primary asset managers.  They received an A, the highest grade awarded.

DFA is one of the top ten largest asset managers in the U.S.   You may not have heard of them because they do not advertise or promote themselves at major golf tournaments, a common mode of visibility in the financial services industry.  One of their main goals for investors is to keep costs low.

DFA funds are not available directly to individual investors except when provided as an investment solution by a select group of independent investment advisors.  Riverside Wealth Management is proud to be qualified by DFA to offer these investments to our clients.
Please let me know if you have any questions.
Morningstar DFA page 1_Page_1

 

 

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