Print
PDF

Exciting News at Carolina Wealth

Written by Carolina Wealth Management.

The Triangle Business Journal and the National Association of Board Certified Advisory Practices NABCAP recently honored Carolina Wealth Management, Inc. as one of a select group of Premier Wealth Advisors in the region. This independent review evaluated advisory practices representing many companies from the region before choosing the selected practices to be designated as Premier Wealth Advisors and listed in the Triangle Business Journal and designated to the Top Area Wealth Managers/Advisors List*.

The National Association of Board Certified Advisory Practices (NABCAP) is a nonprofit organization created to establish mutually understood standards and practices among both investors and advisory practices. Their primary mission is to educate and inform the investing general public with reliable, unaffiliated, unbiased and completely objective educational resources and information. Given the chaos and uncertainty of our current economy and the Financial Services Industry, we believe investors can benefit from a trusted resource to help guide their financial well-being.

The methodology behind selecting the Premier Advisors is multi-step verification process that utilizes independent resources to objectively account for the accuracy and consistency of advisory practices. Comprehensively evaluating and validating twenty categories within a financial advisory practice distinguishes our process. NABCAP's methodology is unique in deciphering advisors because it is primarily objective not subjective. The Board's attention is centered on investor's financial needs and an advisory practice's probability to service those needs. Both investors and advisors can now rely on a trusted standard of excellence to help guide them within the Financial Services Industry.

The fact that we’re on this list is humbling, because we never would have got there without our clients.  This award means a great deal to us, because it really comes from people like you.  We appreciate your continued trust [and friendship] as this is something we’ll never take for granted. 

So there is the news that has all of us smiling.  Now that we’re here, we don’t ever want to see our names taken off the list.  We’ll continue working hard at servicing, educating and providing for you.  They say that staying at the top is harder than getting to the top, but we plan on staying where we are for a long, long time. 

 

*Triangle Business Journal 6/28/2013 NABCAP Insert

Print
PDF

The Not So Uniform Fiduciary Standard

Written by Carolina Wealth Management.

To read more, clink the link below.

The Not So Uniform Fiduciary Standard

Print
PDF

Choosing the Right Small Business Retirement Plan

Written by Carolina Wealth Management.

Among small employers (1 to 100 workers), most share a variety of critical priorities, such as managing taxes, attracting and rewarding valued employees, and establishing a long-term strategy to ensure their own financial security.  Fortunately, small-business owners also share an option that could help address all of those goals: sponsoring a workplace retirement plan.

A Look at Your Options

There are three broad categories of retirement plans available to small businesses.  The one you choose should reflect your company’s size, financial situation, and ability to comply with regulatory oversight and administrative responsibilities.  You may want to consult a financial professional to help you choose a plan that’s right for you.

1. SEP-IRAs

A Simplified Employee Pension plan (SEP-IRA) may be ideal for a one-person business or a business with just a few employees.  It is relatively inexpensive and easy to start and administer.  The employer — not the employees –contributes to a SEP-IRA and the employer must make the same percentage contribution for all employees.  Employees are immediately vested, and each employee decides how his or her money is to be invested.

Print
PDF

Year End Tax Planning Strategies to Save You Money

Written by Carolina Wealth Management.

Don’t look now because 2012 is right around the corner.  During this time of the year, our firm is busy trying to help our clients minimize taxes for 2011.  I have listed a few of these strategies for you to consider as the end of the year approaches.  Please remember to consult with your professional tax, estate or investment advisor before implementing any of these strategies.

 

Mutual Fund Distributions – Around this time of the year, I contact mutual fund companies to get estimates of taxable gain distributions and expected distribution dates.  I will then review the non tax-deferred accounts to see if it makes sense to sell a fund before the distribution date.  This strategy can help my clients avoid the tax ramifications associated with the fund.  I am also careful about adding new money to funds that are expecting to pay significant distributions this year.  In this case, I will wait until after the distribution has been paid or invest in another fund that is more tax efficient.

Print
PDF

Market Update from Carolina Wealth Management

Written by Carolina Wealth Management.

As you may have heard, the Standard & Poor’s bond rating agency has downgraded our country’s debt from AAA to AA+ with a negative outlook.  A quick look at the following chart will help you understand that the downgrade is a minor adjustment, reflecting the analysts’ beliefs that it is time for the United States to get its fiscal house in order.

The reasons for the adjustment in credit rating stem from the inability of the political parties to reach an agreement on fiscal policies with regard to the growth in public spending (especially entitlements) or on the increase in government revenues.  The report did not reference the country’s inability to meet our current financial obligations. 

@fi360