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How to Make Yourself a Difficult Target for Cyber Criminals

In Asset Protection, Firm Announcements by Amanda Thomas, MS, CFP®, CDFA™ Client Advisor

Last week, Mission Wealth hosted a personal security awareness presentation led by Gary Rossi, Vice President with Fidelity Global Security. In this presentation, Rossi provided Mission Wealth clients with insights about how to secure their online identity as well as practical advice regarding security threats and the appropriate risk mitigation strategies.

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Why Investors Should Beware of IPO Valuations

In Asset Protection, Investments by Brad Stark

Mission Wealth’s philosophy is that of a long term investor, and short term trading of IPO’s is a risky proposition. Overall, if we are going to invest in private equity, we generally prefer the debt or real estate asset class because we can invest at a fraction of the value of the equity holders (debt) or have real third party appraisals to establish fair value.

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Freezing Credit Is Now a Free Service

In Asset Protection by Jessica Mora

As of September 21, 2018 under the new Economic Growth, Regulatory Relief, and Consumer Protection Act, consumers in states who previously had to pay fees to freeze their credit will no longer have to pay these fees. This is good news for consumers, as taking measures to protect your personal information should be available without incurring additional costs. In addition, this new law can be used by parents to freeze their children’s credit who are under age 16. Guardians, conservators, and those with a valid power of attorney can get a freeze for their dependent(s).

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Disaster Preparedness for Businesses

In Asset Protection by Mission Wealth

As a successful business owner, you don’t want to think about your operations being interrupted by a natural disaster or other unexpected event. Yet the possibility is a real one. According to the Insurance Information Institute, 91 natural catastrophes occurred in the United States in 2016, totaling $23.8 billion in insured losses. But natural catastrophes represent just a portion of the crises that your business could face.

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4 Types of Insurance You Should Have

In Asset Protection by Brad Stark

Insurance can be one of the most powerful tools you have as part of your portfolio. For a relatively small amount of money, the benefits are generally leveraged to many multiples greater and the payoff occurs at a time when it is needed most, such as an emergency, a disaster, an accident or a death. When implemented properly, investing in an insurance plan is designed to provide benefits that may otherwise be difficult to achieve.

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Avoiding Gaps in Your Insurance Coverage

In Asset Protection by Amanda Thomas, MS, CFP®, CDFA™ Client Advisor

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.