Volatility Demands a TrueFiduciary™

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 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 …

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 TrueFiduciary™ Standards, for which PagnatoKarp is the founder and trademark holder, ensuring the interests of clients come first. …

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 …

Virginia 2018 Best Places To Work For

PagnatoKarp Named 2018 Best Places To Work In Virginia

PagnatoKarp is honored to be named a 2018 Best Place to Work in Virginia. The top 100 annual list is created by Virginia Business and Best Companies Group to identify, recognize and honor the best places of employment in Virginia, benefiting the state’s economy, workforce, and businesses. PagnatoKarp is a wealth advisory firm based in Reston, VA with Paul Pagnato, …

Protection

What’s Changed Since Madoff: Are You Protected?

It has been almost ten years since Bernie Madoff’s Ponzi scheme was discovered, with a total fraud estimated at $64.8 billion. He defrauded hundreds of investors, including many otherwise sophisticated individuals like Fred Wilpon, the majority owner of the New York Mets. Madoff is currently serving what will effectively be a life sentence in prison. Around that same time, there …

Principles Matter

Fiduciary and You: The Principle Matters

Everyone has their own principles… Do unto others. Do what you say. Use please and thank you. The list goes on and on. But when it comes to trusting your financial advisor, which principles really matter? Several years ago, the United States Department of Labor promulgated the so-called “Fiduciary Rule”, which would require, among other things, that advisors act in …

2017 Year End Tax Planning Strategies

We will be ringing in the New Year before we know it. As 2017 comes to an end, make sure to execute any tax savings plans that will personally benefit you. Below are a few strategies you may be able to utilize to benefit your specific tax situation. Accelerate Expenses Before year end, take a look at all of your …

Welcome Bob Ciullo

PagnatoKarp Welcomes Bob Ciullo From Schwab To Its Advisor Management Team

RESTON, Va., November 13, 2017 /PRNewswire/ — PagnatoKarp welcomes Bob Ciullo to the firm as Managing Director of the Advisor Group, with a primary responsibility for business expansion and growth. Bob is a well-known and respected leader in the financial industry with more than 30 years serving investors and advisors, most recently at Charles Schwab. He will join PagnatoKarp, an …

Fees and Costs: How Much Are You Really Paying?

When analyzing whether your financial advisor has done a good job, it’s easy to be concerned with only one number – the bottom line, the amount your nest egg has grown. But looking only at a starting point and an end point, in separate vacuums, tells little about the story of what could have been. Each little deduction between Point …

VIDEO: Transparency Changes Everything

  *** 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 TrueFiduciary™ is to promote transparency across the financial industry and throughout every investor’s financial life. We believe TrueFiduciary™ Standards are so effective in doing so that they have the near-term potential to become …

Your Guide Matters: My Trip To The Amazon

I just got back from a true “bucket list” fishing expedition to the Brazilian Amazon jungle for peacock bass, and while I was able to put work on the back burner for a week, the successful trip led me to think about just how important a fiduciary relationship can be in every transaction we undertake. We flew into the Brazilian …