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Dear Clients and Friends,
We hope this newsletter finds you well as we welcome another year.
Here are our major highlights from the fourth quarter of 2023:
In October, my GFP Institute co-founder and I, Matt Goren, CFP® PhD had the pleasure of attending the CIGA (Cross-Border Institute for Global Advancement) Conference in New York City. We’re also looking forward to our own conference, GFP CONNECT coming up this Jan 13-15th in Miami, FL.
The CIGA conference was a day long event that featured 6 presentations from noteworthy international and cross-border focused financial planners, accountants and immigration attorneys. I gained valuable insights, especially to do with equity compensation and how it vests across border. I had a chance to network with industry experts which will only allow us to better serve your specific needs and provide tailored solutions.
I had the honor of speaking at the NAPFA (National Association of Personal Financial Advisors) Conference in Louisville, KY in late October. The session centered around the tax and financial planning choices faced by mixed nationality clients, which is a topic we’re slowly in the process of developing a white paper on. We value the opportunity to contribute to the advancement of our industry and share our expertise with fellow professionals.
After 5.5 years working hand in hand, it was with regret that in early November, Kellen Enright, CFP® EA announced he was moving on. An opportunity came up at a local firm where he could focus more on taxes and take on more of his own clients. I want to thank him for his service and wish him the best. In advertising for Kellen’s replacement I’ve been struck by the response with over 40 applications. This week I’m conducting second round interviews and expect to have our new Wealth Advisor Associate start by the end of January.
Rolling out in Q4 of 2023 was our new client portal. Built in a program called Notion, our new portal our new platform brings together meeting notes, recommendations, tasks as well as links to Advyzon, eMoney, Schwab and Interactive Brokers. Everything you need in one place! The feedback thus far has been very positive.Which brings me to…
It’s that time of year where we ask our clients how we’re doing. Please take a moment to complete our annual Client Satisfaction Survey for a chance to win one of three $75 Amazon gift vouchers (clients only please).
I could barely believe my eyes back in June or so when I heard U2, one of my favorite bands, would be reprising their early 1990’s Zoo TV tour from the album Achtung Baby. U2 were to going to be a ‘resident’ act in Las Vegas at the newly opened Sphere!! We had to go! I reached out to US/Aussie mates Andrew and Kelsey David (of David Immigration Law), and we made our way to Las Vegas at the beginning of December. What a audio/visual spectacular they’re able to put on at Sphere!
Finally, in late December we had the pleasure of welcoming once more, Sim Priest from Equal Parts Cocktail Co, who provided expert guidance on creating two exquisite, holiday themed cocktails. The event was a success where clients could interact fostering a sense of connection and camaraderie among our valued clients. We are grateful to Sim Priest for his contribution and to all those who attended the virtual cocktail happy hour.
If you have any questions or concerns, please do not hesitate to reach out to us. We are here to guide you through whatever challenges lie ahead and help you achieve your financial goals.
Wishing you a wonderful end to the year filled with joy, peace, and prosperity.
Yours sincerely,
Ashley Murphy, GFP (USA) CFP®
Founder / Financial Advisor
Areté Wealth Strategists, LLC.
Last year, stocks were buffeted by the Federal Reserve Board's aggressive rate hikes (the fastest since the 1980s stagflation era) and the reverse of the QE policies which, for a decade or more, flooded the markets with liquidity. There were persistent fears of a recession and market economists were comparing this perfect storm of headwinds to the declines triggered by the 2008 financial crisis. In one poll taken at this time last year, 85% of distinguished economists predicted a recession. Read More
4th Quarter 2023 Economic And Market Outlook: Labor Market, Inflation, And Geopolitics
Niels Bohr famously observed that "Prediction is very difficult, especially if it's about the future!" The sentiment is especially poignant when it comes to economic forecasting, as it's nearly impossible to get an accurate picture of the current state of the economy at any given moment. As a result, uncertainty about how the economy may unfold, even along the shortest time frames, is the default. However, given the ongoing debate around the various 'hard', 'soft', or 'no-landing' scenarios that have dominated the headlines due to the Federal Reserve's campaign to tame inflation, it's safe to say that economic uncertainty is especially elevated at the moment. Read More
Please keep an eye out for the registration emails closer to the date.
Good vs Bad Debt
You’ve probably read articles that talk about ‘good’ and ‘bad’ debt, but what, exactly, is the difference?
Charitable Contribution Complexity
If you donate money to somebody in need, you can write off that gift on your tax returns, right?
The Economics of Tax-Loss Harvesting
'Tis the season when many financial services professionals look at the best way to offset the taxable dividend distributions their clients might be receiving, using losses that can be ‘harvested’ by selling under-water investments and booking the losses on taxable (that is, not IRA or Roth) accounts.
Our Process - The Wealth Summit Pathway
If you’ve been pleased with the work we’ve accomplished together and have a friend or someone you care about facing similar challenges, please make an introduction. We guide all prospective clients through our Wealth Summit Pathway (WSP). The WSP is a well-defined process for onboarding a new client that aims to understand someone's most deeply held values, goals and understand their relationship to money. If we’re not the right firm to help them, we will do our best to find them the right advisor.
"Please let us know if we might be of assistance.
Have a wonderful rest of your day,"
Ashley Murphy, GFP (USA/AUS) CFP® AIF®
Areté Wealth Strategists, LLC.
Access our comprehensive, unbiased financial guides here.
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