Fall Newsletter 2010


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Fall Newsletter 2010

  1. 1. Business Owner Strategy Sessions (B.O.S.S. ™) Resume! Improve your Corporate Retirement Plan: October 14, 8:15 AM-9:30 AM • Learn simple techniques to decrease cost by 25% • Manage your plan in half the time • Methods to reduce personal taxes beyond the ordinary • Learn ways to protect yourself personally from your fiduciary liability Please join us for a working breakfast. RSVP required, please call Mark at 614-469-4685. Due to the strong demand for these events, we must limit attendance to business owners only. Special Thanks to our Sponsors: Ohio Employee Ownership Center www.BossWorkshops.com We are proud to announce that Mark Fissel has taken and passed the CERTIFIED FINANCIAL PLANNER ™(CFP™) examination 84 South Fourth Street Columbus, OH 43215 The Wealth Managers for Business Owners and Plan Sponsors www.BeaconHillAdvisory.com
  2. 2. Fall 2010 Newsletter The Wealth Managers for Business Owners and Plan Sponsors 84 South Fourth Street The Business Wealth Management Process TM Columbus, OH 43215 P: 614.469.4685 This Quarter: Tax Efficiency info@BHAdvisory.com www.BeaconHillAdvisory.com This quarter’s activity, planning for tax efficiency, takes unusual importance due to upcoming tax changes. Many clients are opting to turn the conventional wisdom of deferring capital gains on its head, due to projected increases in those rates. Other analyses we are conducting are Roth Conversion and, of course, the tax efficiency of investments. We work best alongside your CPA or corporate finance professional. Next Quarter: Cash Flow Planning Market Update: Fiduciary Focus: This month and quarter proved a profit- season, protectionist sentiment is able one for most investments and our high in the U.S. which is already im- pacting trade policies. Litigation Update: clients. A combination of mildly posi- Tullis v. UMB Bank & Lingis v. Motorola tive economic data and verbal support The implicit support of the Fed sup- The courts appear of potential future easing from the Fed ported the bond market as well, but to be allowing the decreased the fear of the dreaded high yield bonds led the way for the fiduciary protection “double dip.” same reasons the equity markets provided under ER- rallied. ISA 404(c) to Equity Markets Fixed Income Markets broaden, but the 16% 16% 7.0% DOL seems to be 14% 6.7% 6.0% taking issue with 12% 11% 11% 5.0% that. 10% 4.0% 8% 9% 9% 6% 3.0% 3.0% Mark Fissel, RFC 6% 2.5% 4% 2.0% 5500 Deadline: 1.0% 0.4% 2% For those that have filed an extension, 0.0% 0% Aggregate Bond Market Corporate High Yield your 5500 is due 10/15 using the new Large U.S. Small U.S. Foreign Market (BarCap U.S. Aggregate Bond) (BarCap U.S. Corporate High Yield) Companies Companies Past Month Past Quarter electronic EFAST2 system. Don’t forget (S&P 500) (Russell 2000) (MSCI EAFE) Past Month Past Quarter to keep a signed original in your file. Aside from the short end of the yield International stocks led the way, both curve, which is due to asset growth but also deprecia- artificially held tion of the dollar. down due to Fed Plan Review: Currency policies are at an interesting actions, the yield When is the last time you had your plan junction now, as China, Japan, and the curve is still flat reviewed to fulfill your fiduciary duty un- U.S. are fighting to keep their ex- and low with the 10 der ERISA 404(a)(1)(A)? Experts rec- change rates low to spur exports. Ob- year treasury yield- ommend every 3 years, contact us today viously not all parties can achieve that ing a miserly for a no hassle review. goal. Coming into a U.S. election 2.5%. Clint Edgington, CFA www.BeaconHillAdvisory.com