A Breakdown of Different Investment Types
As a financial advisor, guiding clients through the complexities of various investment options is a key part of my role. Understanding the different types of common investments—stocks, bonds, mutual funds, and ETFs—is crucial for building a well-rounded portfolio. This blog post will provide a comprehensive breakdown of these investment types by exploring what they are, […]
The Basics of Wealth Management: A Comprehensive Guide
Managing your wealth is a responsibility that comes with its own set of challenges and complexities. Whether you’ve spent years growing assets or recently come into a substantial amount of money, navigating the road ahead can be daunting. This is where the role of wealth management becomes crucial. Wealth management is more than just picking […]
What is a Fiduciary?
Understanding the role and responsibilities of a fiduciary and their importance. A fiduciary is someone who manages assets on behalf of an individual, family, or company and is required to act in their best interest. Examples of fiduciary professions include financial advisors, board members, attorneys, and trust officers. When named a fiduciary, by law you […]
What a BRICS Currency Means for the US Dollar?
Earlier this month, it was announced that the BRICS nations, consisting of Brazil, Russia, India, China, and South Africa, are working on a unified currency and plan to present their idea at the next BRICS Summit in South Africa. Their long-term objective is to replace the U.S. Dollar as the global currency standard. This development […]
5 Things You Need to Know for Your Portfolio to Grow
The world has no shortage of how-to investment books and articles. So why would I attempt to add to the pile of information? I entered the wealth management business in 1983, fresh out of college. It took more than a few years to hone my skills and learn what works and what doesn’t. Unfortunately, the […]
Parallels Between Memory and Compounding Returns
Why does time seem to speed up as we age? There are a few different ideas on why this is the case, but one can simply use math to explain. As we age, we begin to experience more time and life events. Our memories slowly begin to fill up and the time experienced begins to […]
US Equity Returns Following a Market Decline
The stock market was down 20% this year at one point due to rising interest rates, concerns about inflation, and the war in Ukraine. Here at HFG Advisors we are sympathetic to questions and emotions many clients have during this market decline. We do not have a crystal ball into the future. We try to […]
Quarterly Market Review – Q4 2021
2021 ended with COVID continuing to occupy the headlines with a seemingly endless type of variant. However, similar to 2020, if you just observed news headlines, the prospect of a strong return for the market would seem to be very slim.
Tax Saving Strategy for the Charitably Inclined
For taxpayers over the age of 70½ who are charitably inclined, Qualified Charitable Distributions can lead to significant tax savings. If you or someone you know fits this description, the information below could end up being the best tax advice you receive all year.
What It Takes to Become a Certified Financial Planner™
I first started working on earning the CFP® designation about a month after I joined HFG Trust in October of 2018. Not only is the CFP® coursework extensive, it also requires that the individual conduct business in a fiduciary capacity. I was drawn to the fact that the certification itself requires you to put the interests of the client ahead of your own. It was difficult. But after everything is all said and done, I am better for it and more prepared to provide our clients with the service they deserve.
