HB Clients Featured in National Media

It was another good week for those of you taking advantage of our Just in Time media relations services. Here are some highlights.

ANTHONY GLOMSKI, founder of AG Asset Advisory, was the featured guest on the Angel Investor Podcast with Jeff Barnes. Author of the new book, Liquidity and You: A Personal Guide for Tech and Business Entrepreneurs Approaching an Exit, Anthony discussed the importance of surrounding yourself with the right people to build your business on secure footing to produce a successful exit. Again, you can check out the episode here.

BLAKE CHRISTIAN, CPA, told US News & World Report that proper diversification not only applies to asset classes, but to working with more than one financial advisor if you have over $1 million in investable assets (see Should Investors Diversify Providers?)  "Each advisor has different style, expertise and biases," explained Christian, a partner at Holthouse Carlin & Van Trigt, in Long Beach, California. Christian is the author of a new book we’re finalizing called Benefits of Becoming A CPA-Preneur.

KYLE WALTERS, a wealth advisor at L&H CPAs and Advisors in Dallas, TX, had another guest column published in Accounting Today entitled Red Teaming: Creating your perfect competitor makes you a better, more focused firm. Author of the new book, The Personal CFO, Walters said red teaming requires you to build of model of your perfect enemy/competitor before someone else does it for real.

Great work gentlemen. As our annual Wealth Advisor Confidence Survey™ revealed, more than half of advisors expecting double-digit growth this year (54%), say press mentions are a “very” or “extremely important” component of their personal branding initiatives. That’s significantly higher than advisors who are expecting single-digit or flat growth over the next 12 months.

Where would you rather be?

TAGS: Anthony Glomski, AG Asset Advisory, Blake Christian, HCVT, Kyle Walters, L&H CPAs, Accounting Today, Angel Investors Network Podcast, Jeff Barnes

HB Clients Featured in Philly Inquirer, Advisor News and Accounting Today

From stock market forecasts, to the dollar’s impact on emerging markets, to getting your firm to the next level of growth, HB clients educated the national financial media last week.

With respect to the dollar’s impact on emerging markets, our client Matt Topley (@MattTopley), chief investment officer of Valley Forge, PA-based Fortis Wealth told the Philadelphia Inquirer that the greenback’s strength has hurt emerging markets where the majority of debt is dollar-denominated. As a result, emerging market stock markets sold off and are extremely cheap, explained Topley. “One fund we use for clients and which is my biggest position personally is DFA Emerging Market Value” (symbol: DFEVX), The fund trades at below book value, which is a buying opportunity,” Topley added.  The key takeaway is that if you think the president and other factors will push down the dollar, then this may be a point in time to start buying emerging markets.

Meanwhile, HB clients Bill Schultheis and James Nevers (Soundmark Wealth Management) told Advisor News last week that “There is nothing on the horizon that leads us to believe a bear market is imminent.” Soundmark’s forecast calls for muted economic global growth on the horizon as they explained in an Advisor News piece entitled Are Investors Losing Faith In The Stock Market?

Kirkland, Washington-based Soundmark expects common stocks to return somewhere in the 5 percent-to-7 percent range. “We have incorporated these conservative estimates into our clients' projections,” they added.

Meanwhile, our client Kyle Walters (@AtlasCFO), a partner at Dallas-based L&H CPAs and Advisors just published his latest guest column in Accounting Today (Are you committed to being a better firm or just interested?).

This is the time of year that CPA firms like to have their offsite retreats in which great ideas are bandied about, but rarely implemented upon returning to the office. To break through this inertia, Walters wrote that you have to set a realistic timeline for implementing change. “Start with a bite-size chunk that you can commit to implementing in the next 90 days—a change that will have a big impact on your firm and the value you’re delivering to clients. Call those your ‘90-day rocks.’ Don’t do five things—just do one.’”

Conclusion

Whether investing or overseeing a professional service firm, the winners today are those that set realistic expectations and always follow through on what they promise. That’s what our highest performing clients have figured out—and the media is taking notice. As Warren Buffet famously said, “Price is what you pay. Value is what you get.”

TAGS:  Soundmark Wealth, James Nevers, Bill Schultheis, Advisor News, Kyle Walters, Accounting Today, L&H CPAs, Warren Buffet