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CLient Portal
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Dear Clients and Friends,
It’s wonderful to be back in the U.S,. close to family, friends and clients. It’s an especially lovely time to be here in the Midwest as fall commences. While the 2.5 years we spent in Australia were priceless for my family, it was also a valuable experience professionally. Professionally, it was beneficial to have truly lived the kind of cross border life so many of our clients plan to do or are doing. I attended Australian advisory conferences, networked with local service providers and met several clients in person who I would rarely have had the occasion to. More than that, I experienced first hand the kinds of challenges that arise for our clients living between these two wonderful countries.
While I’ve only being back now for a little over two months, I feel like we’ve already made significant progress in various regards. In mid-September I attended the FutureProof conference where I connected with industry thought leaders and even got to hear one of my investment manager gurus speak (Jeffrey Gundlach of DoubleLine). A few weeks before that, Kellen (Associate Advisor), Jack (Business tech & marketing) and I got together at our new office in the Linden Hills neighborhood of Minneapolis for a 3 day ‘sprint.’ In this time together, we built out the agendas and workflows for our new Priorities meeting. We also upped the quality of our investment research in migrating to Morningstar Advisor Workstation.
Overall, it’s great to be back and in the driver’s seat to drive positive change at our firm on behalf of our clients.
I just wanted to give appreciation to the Arete Team, as it feels to me as though we’re really hitting our stride. We’ve got Kellen who since obtained his CFP® and Enrolled Agent (EA) designation beginning to take on clients of his own. Both Kellen and I have been working and training Aamish who started with us back in March backfilling Kellen’s role as a para-planner. We’ve got Susan who has been so valuable in client scheduling and Jack who helps with our technology stack. All in all, a wonderful team committed to serving your needs, and exceeding your expectations.
The Congressional leadership returned to some semblance of sanity and finally passed a bill to keep the U.S. government funded for another few weeks, and the markets breathed a sigh of relief. But the third quarter was filled with drama, moderate losses and a lot of day-to-day volatility. We are experiencing the part of the investment roller-coaster that tests the stomachs of investors and tempts people to jump off at the wrong time. Continue reading HERE.
As always, please don't hesitate to reach out with any questions or concerns. We're here to help guide you through whatever challenges lie ahead.
Wishing you a wonderful end to the year.
Ashley Murphy
Founder, Principal
Areté Wealth Strategists
How did the World Championships go? I qualified for was the UCI Gran Fondo world championships (men, 40-44). A 160km, 1663m of elevation, race through the Scottish highlands from Perth, and back around to Scone castle (also in Perth). I was lucky enough to qualify for the worlds by finishing in the top 25% at the Tour De Brisbane (TDB), one of two qualifying races in Australia.
So how did it go? Well, three answers.... i) Relative performance in my age group (not great, 90% percentile :-(,ii) Personal performance - great! Multiple personal bests!, and iii) Absolute level of performance (pretty darn fast - 4:45 mins on a course that began with a 40km ascent and a 10 mph headwind). What an experience!
Wed Oct 18th (USA): Introducing the ‘Your Financial Priorities Exercise’
Nov 20th (USA): How a Goal Based Investment Philosophy works to keep you on Track during Volatile and Unpredictable Times like Now
Oct 17th (USA): Key Financial Planning Moves for HNW Individuals and Families Seeking Global Mobility
Nov 21st: Facets of Financial Planning for High Income HNW Individuals for Global Living II
Please keep an eye out for the registration emails closer to the date.
The Looming Revert
Nobody is talking about the fact that the tax provisions in the Tax Cuts & Jobs Act of 2017 are due to revert back, after December 31, 2025, to what they had been in 2017—just 26 months from now. But if and when that threshold is crossed, it could be a rude awakening for a number of taxpayers.
Opportunities in a Downturn
We obviously can’t predict a market downturn in advance, but we can certainly prepare for one. With the markets in a bit of a doldrums the past month, that preparation may come in handy in the fairly near future.
The New Tech Mania: AI
With the slow leak in the markets lately, you might not realize that we are currently experiencing an outrageous investment mania. Stocks of companies that are involved in artificial intelligence have been soaring at unprecedented rates, prominently including Upstart Holdings (up 393% this year alone); C3.ai (255%); Nvidia (220%); Palantir Technologies (177%) and Meta Platforms (170%).
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Would You Want to Live Back in the Good Old Days?
The phrase ‘good old days’ suggests that we’re not living in the best time in history, but it often begs the question of when WERE the ‘good old days?’ Was it before our lives were ruined by technology? Was it during the derring-do age of knights in shining armor and the birth of romantic love? Or maybe the ‘Roaring Twenties?’
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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