Here’s an interesting ranking of US states by their business tax burden. How does your state rank?
Eric Toya was quoted in an article discussing American Funds as a new trend that is being seen in passive investing.
While this trend is booming, actively managed funds lost about $9.4 billion last year. Advisors seem to be concerned about this switch in trends.
“The biggest thing we’re looking for is managing expenses,” Eric Toya, vice president of wealth management at Trovena LLC, said. Toya said that he worries about his clients seeing “hidden costs.”
To read the full article, visit the Investment News web site today.
Recent news suggests that the Galapagos tortoise species once thought extinct may in fact be thriving. Linda Cayot, science adviser to the Galapagos Conservancy of Fairfax Va. is quoted as saying that “This is some of the most exciting news that I’ve seen….in a long time.” When I saw this story, I began thinking about what gets people excited and how that emotion translates to decision making. (Read more of the story by clicking here)
Our investment strategies are scientifically based and at their fundamental level, are mathematically derived from precise analysis of historical data. At face value, it’s not the type of exciting conversation that may make you the life of the party. But I believe there is much to be excited about.
Some analogies can be made with our investment process and the Galapagos tortoise species affair. Every day people come up with seemingly great new investment ideas proposing that the old way of doing things is dead. Unfortunately, sometimes these ideas do sound very exciting and actually work for awhile, but are based more on hope and assumptions rather than proven research. And then, the shine often fades and these strategies fail to even beat a passive index. By then, the folks behind the idea have made their money from overly optimistic investors and have moved on leaving the investor to fend for themselves.
So let’s look at the singularly important piece of research that has very important implications for investors, by referring to the chart below on U.S. stock market data.
* Results based on the CRSP 1-10 Index. CSRP data provided by the Center for Research in Security Prices, University of Chicago
To help you prepare for retirement and other financial challenges, Kiplinger’s Personal Finance Magazine has teamed up with the National Association of Personal Financial Advisors (NAPFA) to bring you FREE, personalized financial advice as part of Kiplinger’s 11th annual Jump-Start Your Retirement Plan Days.
Eric Toya, Trovena VP, will be a participating financial advisor.
Trovena has recently released their newsletter for the 1st Quarter of 2012.
In the newsletter, the wealth management firm discusses recession, inflation, state tax, solo 401(K) planning and estate planning.
To read about these topics and more about the upcoming year, click here: Trovena Newsletter.
Trovena Wealth Management Services has now been ranked #7 in the list of “Emerging RIAs” list that has been published in Financial Planning Magazine.
Trovena is based in Redondo Beach, California and made over $413 million in assets under management last year.
This total has grown from over $263 milion AUM since 2008.
The number one ranking firm on the list, Huber Financial made over $493 milion AUM this year. Trovena has 6-10 employees and 6-10 investment advisors.
If you are interested in wealth management services from an experienced firm, contact the Trovena, LLC today by calling 310-697-0400 today.
In today’s changing stock market, it is hard to keep up with stocks rising and plunging everyday. One way to decrease your risk in the market today is to use a concept called the “factor investing.”
Factor investing is becoming more popular with financial advisers and investors because it focuses on driving returns instead of the tradition way that investments were allocated.
An issue that used to arise is that the small investors did not want to attempt this because of certain risk factors.
Risk factors may include “small versus large-size companies or growth versus value stocks” and “economic sensitivity.”There are three factors that should be considered “beta, size, style.” Christopher Van Slyke, a financial planner in Austin, Texas has stated that once you can see one of these factors you can lean your investment this way.
For the entire article, please click here: ‘Here’s Whats Driving Your Returns’
The U.S. government is currently tightening their rules on foreign accounts, but the new law proposals may offer benefits to people who keep their money in offshore accounts.
The government’s crackdown on foreign accounts involves foreign account holders extensively informing the Internal Revenue Service about these accounts or be face tough punishment. Therefore, people will not be able to create foreign accounts in order to get out of paying U.S. taxes. Since 2009, or when the crackdown began, there have been 36 convictions on illegal foreign accounts.
Advisers are finding other benefits to offshore accounts for wealthy investors because they can organize their accounts for tax advantages. For those who live in high-tax states such as New Jersey, New York and Massachusetts, offshore accounts can offer savings.
Christopher Van Slyke, an adviser in Austin, Texas said ”Offshore tax benefits also could provide a potent selling point for otherwise lackluster, high-fee investments. Hedge-fund managers are always looking for a way to justify their enormous fees.”
To read the full article on offshore account, please click here.
If you are looking for an experienced wealth management firm to help you with your finances, contact Trovena, LLC today.
Bill Miller is one of the most closely watched money managers in the industry, so it was big news when he announced his decision last week to step down as portfolio manager of Legg Mason Capital Management Value Trust (LMVTX) early next year. His departure also adds an intriguing chapter to the long-running debate regarding the value of active stock selection.
“I really enjoy the analysis and commentary of Wharton’s Dr. Seigel. I agree with most of his comments in this interview, including his bullishness on stocks, relative to bonds, in the next 5 years.” -Christopher Van Slyke