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.
A Legacy That Lasts
Many of my clients find it very rewarding to give to their favorite charities while they are alive. Not only do the non-profit organizations greatly appreciate the year-to-year cash flow that it provides, but I can tell that my clients enjoy getting to see the impact that their donation makes. As an advisor, my goal is to help my clients achieve their charitable goals in the most tax efficient way possible.
Kinetic Energy And The Pitfalls Of Saving Too Aggressively
Many young and ambitious people want to be aggressive with their saving. For some, it can reach the point where it becomes a stressor in their life. The windmill example is just one way to show that maximum efficiency is not always possible.
