“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/
FOR IMMEDIATE RELEASE
Boston advisory firm continues year of growth with prestigious national accolade
Boston, Mass. (October 27, 2022) – Crestwood Advisors (“Crestwood”), a boutique investment advisory and wealth management firm based in Boston, is pleased to announce it has been named to the inaugural Forbes/Shook Top RIA Firms list of the top 100 firms in the nation, ranking at No. 57.
This is the second national list Crestwood has made this fall. In September, the firm was ranked No. 93 on the prestigious Barron’s 2022 Top 100 RIA Firms list.
As a growing advisory firm committed to client success, Crestwood’s nearly 50 financial planning and investment professionals across New England strive to meet clients wherever they are in life, providing guidance, tools and financial solutions to help individuals and families succeed.
“It is an honor to be included in this inaugural Forbes list,” said Crestwood CEO/Managing Partner Michael Eckton. “It confirms what we already know – that the dedication to quality client services by our team of seasoned professionals is a recipe for ongoing success. We are grateful every day for their hard work and the personalized approach they take to managing our clients’ investments.”
This first Forbes/Shook Top RIA list represents firms with assets totaling $730 billion. It was created by Shook Research using quantitative and qualitative data to determine the rankings.
The full methodology can be found here.
Please see Crestwood Advisors important disclosures regarding awards and recognition’s here.
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!
FOR IMMEDIATE RELEASE
Boston advisory firm caps year of growth with prestigious national accolade
Boston, Mass. (September 20, 2022) – Crestwood Advisors (“Crestwood”), a boutique investment advisory and wealth management firm based in Boston, is thrilled to announce it has been named to the Barron’s 2022 Top 100 RIA Firms list.
Crestwood ranked No. 93 on the prestigious national list.
This year’s list was Barron’s 7th annual ranking of independent advisory companies. The rankings are based on assets managed by the firms, technology spending, staff diversity, succession planning, and other metrics. The goal of this list is to highlight the nation’s best financial advisors with the intention of raising industry standards.
As a growing advisory firm committed to client success, Crestwood’s nearly 50 financial planning and investment professionals across New England strive to meet clients wherever they are in life, providing guidance, tools and financial solutions to help individuals and families succeed.
“We are beyond excited to make this distinguished national list,” said Crestwood CEO/Managing Partner Michael Eckton. “Such recognition is a testament to the hard work and dedication our team gives to our clients and our business every single day. Our goal is to use this continued success to attract quality professionals and invest in our business so that we may continue to best serve clients and be recognized among the ‘best’ RIAs in the country.”
To read more on the methodology of the award please click here.
Please see Crestwood Advisors important disclosures regarding awards and recognition’s here.
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.
Crestwood Advisors has been recognized by Financial Advisor Magazine as one of the top Registered Investment Advisors in the country by asset size, ranking among the top 20% of all included RIA firms in 2022.
View the full ranking here.
Please see Crestwood Advisors important disclosures regarding awards and recognition’s here.