“Investors are able to borrow a percentage of their portfolio value based on the underlying holdings,” said Ryan Kenny, director, Portfolio Manager at Crestwood Advisors in Boston. “This gives investors purchasing power to buy more securities, make a large purchase or use as a bridge loan for short-term liquidity needs.”
Click here to read the full article
Move over baby boomers because in 2019 millennials surpassed you by becoming the largest generation in the United States. With this generation’s increase of financial inheritance compared to the previous generation, financial advisors need to adapt new business models to attract and retain younger clients.
One suggestion is that advisors should consider a subscription fee schedule. “Create a model based on an annual fee, monthly fee or percentage of income,” says Billy Spencer, a wealth planner at Crestwood Advisors.
Click to read more from Financial Advisor here.
Crestwood Partner and Wealth Manager Alyson Nickse spoke with NextAdvisor/TIME last week on the impact of rate hikes by the Federal Reserve and what may be ahead for the markets this week with another increase in the forecast.
Read more: https://time.com/nextadvisor/investing/latest-stock-market-news/
Why is it good to be bullish, believing prices will rise, when the majority are bearish, believing prices will fall?
“There are two important indicators this week: the job openings survey and the September job report. Job growth cooling would show Federal Reserve policies are taking hold. The percentage of bearish individual investors has jumped over 60%. History says it is good to be bullish when the majority are bearish,” John Ingram, Chief Investment Officer, Partner, told Oliver Renick on TD Ameritrade Network’s Market on Close.
Click to watch the interview here.
John Morris and Michael Eckton, Co-founders of Crestwood Advisors, spoke on Seth Greene’s podcast, The RIA Podcast, about the importance of team culture and ensuring client satisfaction with their financial goals at Crestwood. “We aim to deliver optimal excellent experiences for the clients that we serve so they can then share that experience with other people,” said Morris.
Listen to the full podcast here.
FA-IQ reached out to advisors to ask: What’s a piece of advice you have for young advisors entering the industry?
“Join a firm that genuinely cares about its clients! You’ll learn more, become a better advisor, and probably have more fun while doing so,” said Luke Neumann, a wealth planner at Crestwood Advisors.
Read the full article now to find out more about Luke’s advice for young advisors!
As the Inflation Reduction Act seeks to support clean energy, many investors are questioning whether or not to invest in renewable energy companies.
“The broad [sustainable-energy and eco-friendly] sector will see a long-term boost from the Inflation Reduction Act, lifting demand [and] the profitability profile of some players,” says Director, Equity Analyst Julie Praline in a recent Financial Advisor Magazine story.
Read the full article here.
Should you buy stocks today? CIO and Partner John Ingram joined Oliver Renick on TD Ameritrade Network, where he discussed the benefits of staying invested over the long term. “Stock market valuations have returned to below average, which represents an attractive time to own stocks for long-term investors,” he said.
Watch the full interview here.
As we continue to make strides forward, Crestwood Advisors is pleased to announce it has been ranked by the Boston Business Journal as one of the Largest Independent Investment Advisers in Massachusetts.
View the full ranking here.
Please view Crestwood Advisors’ list of important disclosures regarding awards and recognitions here.
In a recent MarketWatch article, Sarah Kanwal, equity analyst at Crestwood Advisors, explains how Amazon’s share price decline has followed weakening fundamentals as forward free cash flow estimates have fallen significantly over the last few quarters.
Read the full article to learn more here.