New Heights | Issue 6

A Message From Craig

We hear you, and we are feeling it too. It is a time of much uncertainty. It is difficult continuously verify their alignment with your goals. We hope you are enjoying everything we’ve shared with you across many forms of communication. You can still rely on us to connect with you in a one-on-one setting, to discuss your confidential data, and take a deep dive into your planning needs. To touch on the markets and hone-in on pertinent data from a recent Craig's Corner, as of Tuesday, May 19 the S&P 500 increased by almost 31% since the low point (March 23) during the pandemic. Why is this important? May 19 was the 40th trading day and there have only been five other 40-day periods where the S&P 500 has increased by greater than 25%*. This surge left some people asking, is it time to de-risk? Perhaps, but we cannot predict future outcomes. I feel it is important to take an in-depth look at the numbers. Respectively, history shows this may be premature when acknowledging the average 1, 3, 6 and 12 month returns, after those other 40-day periods were 15.3, 16.5, 16.7 and 38.6%*.

Tax Filing Deadline

In prior communications we've addressed tax prep for the transition year. A reminder: you'll be receiving tax documents from all firms and third-party funds where your assets were held in 2019. As you pull these items together, let us know if you have any questions.

Have a Plan

Your estate plan is always something we help you to build-out with your estate attorney, and explore what best suits you and your family. It should be top of your mind, and having a conversation with us about it allows us to verify it aligns with your goals. If you have an estate plan, when was the last time it was updated? Is it still relevant? Be sure your plan currently reflects what you are trying to accomplish. Perhaps you need to review different plans, as well as update wills, or trusts. Consistency is key: be sure all beneficiaries align across your accounts. If you have any concerns about updating your plan, or want to confirm beneficiaries, please contact us.

Scams: Protect Yourself

It's always important to remember to be cautious about how you share your information online. During chaotic times it is even more important as hackers’ prey on any sign of weakness - i.e. the current environment we're in day-to-day. Please remember we will never ask you to share your online credentials. If something appears suspicious, question it. If something sounds too good to be true, it usually is.

Compliance Corner

Form CRS, which serves as a client relationship summary, will soon be arriving in your inbox. Stay tuned!

*The Bespoke Report, May 22, 2020