In the recent weeks, residents of Santa Barbara County and the surrounding areas have been greatly affected by the Thomas Fire, which ravaged an estimated 281,893 acres. Still not fully recovered from the fire, the County has been hit by heavy rainstorms, causing flooding and mudflow. The downpour fell in areas charred by recent wildfires, which burned vegetation that otherwise could make the terrain more resistant to mudslides.
New year, new you, right? Unfortunately, it’s not as easy as it sounds. Between getting back to the gym, eating better, getting organized and sleeping 8 hours, one of the top New Year resolutions is to spend less and save more.
Seth Streeter was recently featured in Financial Advisor Magazine’s online article, Future Advisors Must Be Vulnerable And Empathetic. This piece, written by top industry consultant Steve Sanduski, is based on Sanduski’s podcast interview with Seth in which Seth discusses Mission Wealth’s role in helping clients reframe their perspectives of wealth beyond just the financial.
Over the years we have worked closely with some of our clients to help them create financial plans that meet their needs and in doing so we have developed many budgets that meet clients’ short and long-term retirement goals. What we have found over time is that there are very few people that already have or follow a retirement budget.
As “baby boomers” age into retirement and a lot of trusts set up by the grandparents years ago begin distributing funds to the grandkids (typically by ages 25-35), many of our clients are wondering how to counsel their adult children on using this windfall. Regardless of the source of funds, many parents are grappling with the issue of how much money is appropriate for their grown child and how the funds can either enhance their lives or potentially send them down a negative path.
By Brad Stark, MS, CFP® Founder and Chief Compliance Officer If we had taken a poll of our clients prior to the U.S. Presidential election results in 2016, very few people would have guessed that the economy or the markets would have soared as they have. But you would not have been alone. In a report by CNBC, they compiled …
This is a brief summary of the significant changes to estate tax laws and 529 Plans this year, provided by Kenneth E. Devore & Associates.
December’s Spotlight on the Team interview is with Mission Wealth’s Director of Marketing Michelle Wisniewski, who is just about to celebrate her one-year work anniversary with the firm. This month, she finished her MBA in Social Business, Nonprofit and Strategic Management from Antioch University, Santa Barbara. In this interview, Michelle discusses her her passion for community involvement, newfound love for country music, and what initiative Mission Wealth will be focusing on in the upcoming year.
Mission Wealth Client Advisor and Client Client Advisor Associate, Jenna Rogers and Robyn Wallace recently joined the Junior League of Santa Barbara for their holiday party and celebration of the organizations SAFE House.
Financial planners take a holistic approach to a client’s finances, and while growing investments is an important goal, protecting the client’s wealth should be another. Generally speaking, the more wealth a client has, the greater the likelihood that they are going to have some significant gaps in their insurance coverage. As a planner, the nature of our work is in part as a risk manager, as risk to losses due to litigation, natural disaster, or theft may be no less than the risk of losses due to a bad investment strategy.