Transparency Drives Trust: True Fiduciary™

Supreme Court Justice Louis Brandeis famously wrote, “Sunlight is said to be the best of disinfectants; electric light the most efficient policeman.” *** The goal of True Fiduciary™ is to promote transparency across the financial industry and throughout every investor’s financial life. We believe True Fiduciary™ Standards are so effective in doing so that they have the near-term potential to …

Blockchain & Digital Assets: Unraveling The Value

Presentation Takeaways: Fundamental understanding of blockchain, digital assets, and cryptocurrencies. Global problems that are being solved. Why this will change the world’s banking system. Audio Recording:   Presented by Nathana O’Brien Sharma Nathana O’Brien Sharma is the Program Director for Faculty Affairs and Principal for Blockchain, Law, Policy & Ethics at Singularity University. She is also a Partner at Crypto …

Redefining Protection: Moving Toward True Fiduciary™

A positive step took place in the financial industry to help improve the value of advice given by financial planners and advisors. In an effort “to maintain the value, integrity and relevance of the CFP® certification,” the CFP Board adopted a new Code of Ethics and Standards of Conduct, which shall become effective on October 1, 2019. It is the …

Why Is The True Fiduciary™ Standard Necessary?

Throughout the course of your life, you will deal with a vast array of professional experts, almost all of whom you’ll expect to adhere to a certain basic ethical standard, one that allows arm’s length dealings and no hidden motives. We expect our doctors to faithfully follow the Hippocratic Oath. We expect our attorneys to advocate vigorously for our best …

Barron’s Ranks Paul Pagnato #3 in Virginia on Top 1,200 Advisors List For 2018

RESTON, Va., March 21, 2018 /PRNewswire/ — Paul A. Pagnato, Founder and CEO at PagnatoKarp, has been ranked #3 in Virginia on Barron’s Top 1,200 Advisors for 2018. The annual ranking is Barron’s largest, most comprehensive listing, encompassing financial advisors from all over the nation, from small independent advisors to big Wall Street firms. This is Pagnato’s eighth time appearing on …

Forbes 2018 Best In State #2

Forbes Ranks Paul Pagnato #2 In Virginia On Best-In-State Wealth Advisors List

RESTON, Va., Feb. 27, 2018 /PRNewswire/ — Forbes has ranked Paul Pagnato the #2 Wealth Advisor in Virginia on its inaugural 2018 Best-In-State List. Forbes and SHOOK Research created this new list, which spotlights over 2,000 top-performing wealth advisors across the country, to help investors find high quality advisors in every state. Pagnato is also ranked #19 on Barron’s Top 100 …

Warren Buffet's Letter to Shareholders

Highlights: Warren Buffett’s Annual Letter To Shareholders

By John Melloy, CNBC, February 24, 2018 Warren Buffett’s highly anticipated annual letter to Berkshire Hathaway shareholders released on Saturday did not disappoint this year with a little something for all fans of the Oracle of Omaha, from professional value investors to the casual admirers of his wit and wisdom. Most newsworthy in this year’s edition, the 87-year old billionaire …

Market Volatility

Volatility Demands a True Fiduciary™

Right on the heels of a prolonged period of record-setting growth, the stock market has been a roller coaster, experiencing spurts of extreme volatility. Our general belief is that the fundamentals of the economy remain strong, and that this is likely not a sign of substantial future declines. Nevertheless, we understand that investors may have different levels of risk tolerance …

Top 5 Tax Tips 2018

Top 5 Tax Tips For 2018

We are already over a month into the 2018 year! Here are five tax tips to get you on your way to a successful 2018: 1. Check Your Withholding The IRS recently released new payroll withholding tables that take the new tax law into consideration. You can find the new withholding tables here: https://www.irs.gov/pub/irs-pdf/n1036.pdf. All employers should be using the …

Asset Safety Video

VIDEO: 10 Steps To Asset Safety And Reduced Costs

One percent. That’s the amount that a Presidential Report concluded the average non-fiduciary advisor costs their clients in a typical year. Doesn’t sound like much, but it’s huge, because in a 10 year period that small percentage grows, snowballing to a difference of 12%. Over the course of your working life, it looms even larger – an amount that has …

Building Blocks: Are Cryptocurrencies Right For You?

There’s been a lot of talk about blockchain technology lately, and every day our clients come to us with questions about new forms of digital assets. In particular, they mention cryptocurrencies and Bitcoin, the most popular and well-known. These digital assets pose an interesting possibility insofar as they provide increased transparency and remove the middleman, and as a result, at …

VIDEO: Fiduciary Standard: “Best” Is Better Than “Suitable”

David Karp was quoted by Tony Robbins in his book, Money: Master the Game, about what makes a ‘suitable’ vs. ‘fiduciary’ financial advisor. Listen to David Karp explain the difference in standards in this video: Most advisors operate under a standard known as “Suitability.” Doesn’t sound wrong on first impression, does it? After all, the basic definition of “suitable” is …

PagnatoKarp Welcomes Chief Compliance Officer Janice Powell To Its Management Team

PagnatoKarp welcomes Janice Powell, IACCP® to the firm as their Chief Compliance Officer. Janice oversees the firm’s compliance program, monitoring daily activities of the advisors and staff, and maintaining the standards of the Investment Advisers Act of 1940. She also oversees the firm’s True Fiduciary™ Standards, for which PagnatoKarp is the founder and trademark holder, ensuring the interests of clients come …

Tax Reform: Top 4 Individual Takeaways

On December 22, 2017, the President signed into law the Tax Cuts and Jobs Act, which is officially titled ‘An Act to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018’. Here are four main points from the new tax bill that may affect you. Lower Individual and Trust …

New Year, Same Fundamentals: Why Is It Important?

Happy New Year! We’ve entered 2018 with the Dow Jones Industrial Average at a record high. The Trump Administration has promised to be consistently pro-growth and if global turmoil can be minimized we’re hopeful that the economy will continue to grow. Does that mean that you can put your spending and investing on autopilot? Not at all. While you should …

Prepared to Reap Technology’s Benefits?

We live in exciting times, when the things that humans are capable of creating almost defy belief. Who would have thought 40 years ago that we’d have self-driving cars, ultra-powerful computers in our phones, and the ability to get just about any product we want delivered in a day or two? It was similarly unthinkable that someone would be able …

Looking Out For You

No Rule, No Problem: Who’s Looking Out For You?

The word “fiduciary” is being used regularly in the news. But what is a fiduciary and are they all created equal? Many financial advisors play different roles and it’s important to understand the distinctions. A broker or banker can recommend investments that are merely “suitable” for you. A fiduciary, on the other hand, by law makes recommendations that are in …

Wall Street Journal

WSJ: Where to Put Your Money in the Next Year

Three financial advisers offer their thoughts on the opportunities—and risks—for 2018 By Daisy Maxey, The Wall Street Journal, Dec. 10, 2017 10:11 p.m. ET With 2017 coming to a close, can investors expect another stellar year for stocks? Not so fast. The Dow Jones Industrial Average surpassed 24000 points this year thanks to solid earnings, steady economic growth, subdued inflation …

Best & Worst Retirement States

Best and Worst Retirement States: A Tax Perspective

There is one crucial question when planning for retirement, “Where do I want to live?” So many variables should be taken into consideration with this kind of question. “Do I move near family? Head to a warmer climate? Stay put? What about the quality of healthcare where I’m planning to retire, or the cost of living?” Let’s examine a few …