"Even if a stimulus deal is passed this month, the 'delay effect' on when aid reaches Americans could see economic indicators turn worse before improving," said Richard Steinberg in Business Insider.
"Even if a stimulus deal is passed this month, the 'delay effect' on when aid reaches Americans could see economic indicators turn worse before improving," said Richard Steinberg in Business Insider.
“Advising athlete clients not only requires specialized experience, knowledge, and credentials, but also the temperament and desire to make a lasting difference in the life of their athlete client," said Craig Jones in an interview with Financial Advisor IQ.
Our CEO, Michael Nathanson, opens up to Mike Consol in a fascinating conversation about being a lifelong learner and how that central tenet has guided his amazing life's journey from attending Harvard Law School to CEO of a national wealth management company.
Michael Nathanson, Chairman & CEO, shares his journey to the helm of The Colony Group and what keeps him inspired to live a thousand lives in a candid interview.
"You have to understand where the client is coming from," said Dawn Doebler, "Does the client tend to be overly optimistic or overly pessimistic? And what's driving that?"
"People don’t want to wait for vaccine news to come out to reposition their portfolio," Richard Steinberg, Chief Market Strategist, tells Dion Rabouin in Axios.
"I do think investors are starting to look beyond the shiny objects," said Richard Steinberg, Chief Market Strategist of The Colony Group, in The Wall Street Journal. As of late, he said: "They're chasing the dull objects, hoping that they get shiny over time."
Dawn Doebler suggests seeking professional estate planning advice when family circumstances or complexities increase.
Regulation Best Interest or Reg BI may add more confusion for consumers of financial advice. Michael Nathanson unpacks the important details that consumers need to know in his article.
Richard Steinberg discusses the Fed actions to bolster the economy, possible future inflation, risk, and other relevant market news on Bloomberg News Daybreak Asia.
The pandemic changed the world and the retirement plans of many Boomers. Marshall Rowe, President, Business Owner Services & Managing Director, Northern New England, shares his advice to help retirees adjust their plans and align them with their new reality.
In Michael Nathanson's latest Chief Executive magazine article, he challenges the leadership of companies to reflect on their own code of ethics during these tumultuous times by asking themselves some tough, yet revealing questions. How will you and your company respond to your answers?
How can an organization take advantage of their differences to improve their future survival and success? Michael Nathanson shares how embracing imperfections can create a stronger, happier culture.
Data like OpenTable reservations, which have “been encouraging so far,” can help track whether business is picking back up, said Jason Blackwell, a CFA and Chief Investment Strategist of The Colony Group.
What are the hidden costs of working from home? Patrick Donnelly, CFP® uncovers these expenses and how to decrease their impact on your wallet.
Richard Steinberg weighs in on the complicated US/China relationship regarding trade and tariffs and market outlook with Yahoo Finance's On The Move.
Richard D. Steinberg, CFA, discusses the sharp market selloff, the role of the Fed, and what the latest economic indicators may mean for the markets on Bloomberg Daybreak Asia.
“Clients often have the misconception that they can claim residency elsewhere simply by having a home in a lower or no-tax state,” said Shane Glass, CPA/PFS, adding that California is aggressive in claiming out-of-state taxpayers as residents.
Distressed debt and real estate present opportunities but "...be wary of buying into existing real-estate portfolios because the estimated value of properties within the portfolios may not reflect coronavirus-related declines yet," said Jason Blackwell, CFA, CAIA®, Chief Investment Strategist.
Think about saving differently suggests Patrick S. Donnelly, CFP® in his CNBC Grow interview. He shares 3 practical tips for fostering a lifelong savings habit.
What could the next stimulus package look like if it's designed to stimulate the economy? Michael Nathanson, Chairman & Chief Executive Officer of The Colony Group, lays out a more sustainable approach to stimulate hiring, investment, and spending using targeted tax policy in his Fox Business article.
"Keep an eye on indicators like unemployment numbers and consumer behavior. When people are out and resuming their normal activities, that will be a sign that the country is on the path to recovery," said Jason Blackwell, Chief Investment Strategist.
How are top advisory firms proving aid during the Covid-19 crises? Raising awareness on why charities need our help now more than ever, hosting a virtual 5K, and encouraging each team member to support local efforts is how The Colony Group continues to help via our Colony Cares program.
Our divorce financial specialists Janet Tighe, MBA, CFP®, CDFA®, and Susan Miller, CPA/PFS, CFP®, CDFA® share their advice on how to move forward with a divorce by focusing on what you can control during a pandemic.
Lawyers are not immune to pay cuts during this pandemic. Michael Nathanson, CEO of The Colony Group, shares what you should and should not do to adapt to your new normal if your income has been cut.
According to Matt Ilteris, Senior Wealth Adviser of The Colony Group, not only is withdrawing from a retirement account a bad move but refraining from reducing deposits to such accounts may be in a lawyer's best interest if they're able to do so.
Here's a quick tip to jump-start your emergency savings, "Create shorter-term goals. If $3,000 is one month of expenses, set a goal to try to save 5% to 10% of that amount a month or break it up into weekly deposits," says Jeff Donham CFP®, CLU®, Wealth Advisor of The Colony Group.
Another way to save money for a rainy day is to "Get a credit card that pays points that can be converted to cash. Then deposit that cash into your emergency savings," says Patrick Donnelly, CFP®, Vice President & Senior Wealth Advisor of The Colony Group.
“The sale of the business is not the end but, in fact, a beginning.” Marshall Rowe, James Fitts, and John Weeks celebrated the release of their new book with Worth Media's Juliet Scott-Croxford as they discussed how to successfully transition a family-owned business.
“People have been locked up and when they see sparkles of hope like vaccines, that drives optimism probably ahead of where it should be and clearly ahead of the economy," said Richard Steinberg in Reuters.
Also, published in the New York Times.
“...using appreciated securities held longer than one year can provide an additional tax benefit. Assuming you itemize deductions, you will receive a tax deduction of the fair market value of the security. In addition, you don’t have to pay tax on the appreciation above your cost basis [the amount they paid for the security],” says Matthew Rapoport.
Pam Malek and Amir Malek, of The Colony Group, talk to Angela Setters Bessard on her podcast, Your Credit Today, about what it's like to work and live together. They share the benefits of their merger with The Colony Group.
Navigating the tax rules for specified service businesses can be difficult. Shane Glass of The Colony Group shares some essential tactics around the SSTB rules that may help you optimize your QBI deduction.
"You either risk not keeping up with your required returns by increasing cash and protecting principal, or you take on more principal risk for a better opportunity to meet long-term targets," said Jason Blackwell, Chief Investment Strategist.
The Colony Group is advising investors to “focus more on domestic demand” than global trade, said, Jason Blackwell, Chief Investment Strategist.
“We’re looking at strategies that will help the Chinese middle-class consumer paint the inside of their home rather than ones that focus on selling a television made in China to an American consumer,” Blackwell says. “The number one pizza delivery company in India deserves attention, as do online education services in China.”
The second-wave risk was also ignored for psychological reasons, according to Rich Steinberg, Chief Market Strategist at The Colony Group. Investors trapped in quarantine saw hope in the prospect of reopening. Such hope fueled a spike in market optimism, but the upswing quickly showed "an element of complacency," Steinberg said.
"It's somewhat of a psychological response to be like, 'can we just get back to normal?'" he said. "The markets are acting like we're going to flip a switch and be back to normal. But the economic reality is not there."
In some ways, this recession is different than those in the past because it was not initially driven by fundamental problems in the economy, says Marshall Rowe, President, Business Owners Services at The Colony Group. Regardless of what’s driving the recession, the best course for most businesses is to keep a focus on maintaining their capital. “Cash is king,” Rowe says. “You want to think about how you can conserve cash, so managing your inventory, reducing your orders, managing cash that way is really crucial.”
What should you do if your 529 if affected by the COVID-19 crisis? Wayne Zussman of The Colony Group says, “I am advising my younger clients who usually contribute toward year end to make their annual contributions now, and even consider making two years of contributions to take advantage of the market declines.”
Will businesses that got PPP loans face higher taxes next year? Sean Kelly of The Colony Group uncovers the double-dip double-cross in his article.
Written by Sean Kelly
Rich Steinberg, Chief Market Strategist at The Colony Group, discusses the markets with Bryan Curtis and Kathleen Hays on Bloomberg Daybreak Asia.
In the midst of a pandemic, you might have more time to read. Michael Nathanson shares his top 20 business books and why one popular book didn't make his list.
Written by Michael Nathanson
"Unfortunately, too many divorcees expect to live a similar lifestyle in divorce," Dawn Doebler says. "In doing so, they may be ignoring the financial implications or trade-offs required to afford their lifestyle expenses."
Doebler finds that in working with divorcees, "difficult decisions become easier when someone is clear about the trade-offs between current consumption and the impacts that may have on their long-term financial health."
Listen to Michael's interview with David Yas with the Boston Podcast Network.
Marshall Rowe, managing director of Northern New England for The Colony Group in Concord, says investors should stick with their long-term investment plan and resist the urge to react to market volatility.
For some, the curveball they have been thrown by the coronavirus may require delaying retirement for a year or two. Rowe says that by deferring retirement for at least six months to a year, people can continue saving for retirement, allow time for their investments to recover and delay drawing on their assets.“That is an extremely powerful and impactful choice to make if they can make it,” he says.
“So people are looking to rotate out of names that they don’t think will recover when the market does turn. A lot of money was hiding in utilities and defensive and now they’re starting to peek their head out,” said Rich Steinberg, Chief Market Strategist at The ColonyGroup, in Reuters and Nasdaq.
"2020′s returns will ultimately depend on what happens over the next few months," cautions Rich Steinberg, Chief Market Strategist at The Colony Group, in Grow by Acorns + CNBC. Learn more about what investors might expect from their portfolios in 2020.
"Unlike past financial crises, this one falls outside many investors’ ‘zones of genius,’” says Jason Blackwell, Chief Investment Strategist at The Colony Group, in U.S. News & World Report.
Feel free to follow through with your plans, provided that your job and financial situation are stable, says Dawn Doebler on Grow by Acorns + CNBC. “Ask yourself: ‘Is this a purchase I was planning on making anyway?’” she advises. If so, “it may make sense to go ahead and get it at a lower price.”
"Investors are conditioned for markets to buy dips, and I think it would be problematic if the Fed directly supported the equity market," Rich Steinberg said to Ben Winck in Business Insider. "I think they're going to try to stick to their mandate as much as possible."
Dawn Doebler and Michael Nathanson share the top questions clients are asking right now via Worth Media.
Business leaders tell Worth Media what books they're reading while in quarantine. Guess what book Michael Nathanson is recommending for business owners.
"You just can't model the virus," says Richard Steinberg, Chief Market Strategist at The Colony Group. Steinberg emphasizes that the huge uncertainties at play make monitoring the virus closely justifiably important to Wall Street.
"Markets are looking at what the trends are looking like in some of the hot spots and trying to extrapolate. How does that factor into the reopening of the economy? Don't forget that New York, L.A. and Chicago are 10% of GDP. So that's a really important component," Steinberg says.
Jason Blackwell, Chief Investment Strategist at The Colony Group, a national wealth management firm, agrees: “Market timing rarely works out,” he says, “and we believe that investors need to determine the right shares to buy more than the right time to buy more of them.”
He would rather “investors take a measured approach to allocate to new or existing opportunities and are comfortable being ‘a little early’ now and potentially 'a little late’ later by spreading out investments over a number of weeks or even months."
DIVORCE IS EXPENSIVE, and not just where legal fees are concerned. Taxes, if not handled correctly, can also become a costly consequence of splitting up. Thus, many divorcing couples look to a financial advisor to help them through the process.
"Divorce has its own subset of tax laws, so there are some nuances advisors need to be aware of regarding advising clients going through a divorce or who are contemplating a divorce," says Susan Miller, managing director and a senior wealth advisor with The Colony Group in Boston.
One asset class, in particular, is set to receive the most intense scrutiny, says Jason Blackwell, Chief Investment Strategist for The Colony Group. “The coronavirus crisis is likely to be most impactful on fixed income,” Blackwell says.
"You're seeing some level of optimism, just because we've come way off the lows," says Richard Steinberg. "I don't think we're out of the woods yet."
“This shows the magnitude and the seriousness of this problem,” said Richard Steinberg, chief market strategist at Colony Group, in Florida. “We’re going to be digesting this for awhile and until the data becomes less worse, we’re going to have lumpiness in trading around these shock-and-awe numbers.”
“The surge in crude is helping the mood, so we’re seeing some relief in markets that have been hammered,” said Richard Steinberg, Chief Market Strategist at The Colony Group.
“We’re going to be digesting this for a while and until the data becomes less worse, we’re going to have lumpiness in trading around these shock-and-awe numbers,” said Richard Steinberg, Chief Market Strategist at The Colony Group.
Shares of power producers gave back some of their recent gains, as investors adjusted portfolios at the end of a punishing quarter. Recent moves are the "combination of a market that's been hammered and pension and endowment rebalancing at the end of the quarter," said Rich Steinberg, chief market strategist at wealth-management firm The Colony Group.
Richard Steinberg explains why the $2 trillion stimulus bill is the metric to watch this week on Cheddar.
Great books to help inspire during challenging times. Michael Nathanson shared his choice with Financial Planning magazine.
"Nothing is simple when it comes to tax planning around fine art. A lifetime transfer can work brilliantly to a trust, but you have to consider what the individual inheriting the art is planning to do with it,” said Nadine Lee in Barron's Penta.
Rich Steinberg, Chief Market Strategist at financial-advice firm The Colony Group is telling his clients – many of them retirees in Boca Raton, something very similar. Yields on energy “master-limited partnerships” and some corporate bonds may be tempting, but retirees have to resist the temptation, he said.
“My dad told me, ‘if you reach for yield, you’ll pull a muscle,’” said, citing his father, Norman Steinberg, with whom he co-founded the financial-advice firm that later merged with Colony
"It's not pretty, but it's orderly," Rich Steinberg told Sam Becker on CNBC Grow. As state and local governments, along with the federal government, work out legislation to help workers and businesses, the markets will adjust accordingly, which could further help stabilize things.
Richard Steinberg offers advice to investors as markets react to the "perfect storm of numerous market pressures" in his interview with Ben Winck in Business Insider.
The market decline serves as an attractive entry point for investors who can stomach short-term volatility, Richard Steinberg told Ben Winck in Business Insider.
Just as you can brace your portfolio for market shocks, John Schott, nationally recognized for his expertise in the psychology of investing, recommends bracing yourself by building up psychological defenses in U.S. News & World Report.
“Treasuries have become the de-facto defensive asset for the market. Investors have to make sure they have enough cash on the sidelines to meet whatever their cash needs are for at least the next year,” Richard Steinberg tells Axios.
Richard Steinberg shares his thoughts on Fed rate cut and the markets on Yahoo Finance 'On The Move.'
As markets continue to react to coronavirus, Richard Steinberg weighs in on the strategy and psychology that investors should consider in this volatile market. His segment starts at the 3:05 minute-mark on CNBC.
“Natural buyers come into high-quality dividend stocks during volatile times which could help smooth the ride for investors,” said Richard Steinberg via Jonathan Garber on Fox Business Network.
Transportation stocks are a leading indicator of anxiety. Travel plans are the first thing that people are canceling, said Richard Steinberg in his interview with Paul La Monica via CNN Business.
Fears can be irrational at times, said Richard Steinberg. "I think when you get into stressful periods like this, people start to extrapolate and make bad decisions." via Rob Curran on Morningstar.
These are for-profit organizations that aren't looking to race to zero, said Michael Nathanson in Barron's. Price competition may be creating incentives for brokers to increase revenue in other areas.
“In short, it’s had little short-term effect on us, but it has further inspired us to innovate at the fastest rate in our 34-year history,” said Michael Nathanson about zero commissions of online brokerages.
“There is no cookie-cutter solution to replace the stretch IRA,” says Joseph Salvati, CFP®, in Barron's. “Owners of traditional IRAs will seek alternatives that depend on factors like the size of the IRA, the size of the estate, and current tax rates,” via Cheryl Winokur Munk.
Richard Steinberg, Chief Market Strategist, gives his take on the markets going into 2019.
Richard Steinberg, Chief Market Strategist, joins the ‘Squawk Box’ team to discuss what to expect this week in the markets.
Richard Steinberg, Chief Market Strategist, joins the ‘Squawk Box’ team to discuss if the market is going to be impacted by the Trump agenda.
Richard Steinberg, Chief Market Strategist, provides his outlook on the markets amid a strong earnings season.
Richard Steinberg, Chief Market Strategist, provides his outlook on the market next year.
I don’t see a lot of multiple expansion unless a tax deal comes through, says Richard Steinberg, Chief Market Strategist, providing his outlook on the markets next year.
Richard Steinberg, Chief Market Strategist, weighs in on what’s prompting the shift in market momentum.
Richard Steinberg, Chief Market Strategist, discusses the market impact from rising tensions between the U.S. and North Korea.