How Do I Avoid Identity Theft?

Nobody wants to be the victim of identity theft or credit card fraud but it is becoming an increasingly bigger problem in today’s technology-based world. It takes vigilance and consistency to be protected and there are steps you should be taking for the safety of your personal identity. We have divided these strategic and actionable tactics into three categories: 1. …

Brokerages May Go the Way of the Buggy Whip

Financial Advisor IQ, by Thomas Coyle, July 13, 2017 Transactional wealth management is dying. Traditional brokerage-style approaches are being done in by regulatory changes, technological innovation and the advent of new clients with new priorities, according to some industry observers. And, they say, there’s really no bringing it back. “This industry will follow the direction already taken in the U.K., …

Warning Signs Investors Should Not Ignore

By David Karp, PagnatoKarp Don’t Fight The Fed? It seems a day doesn’t go by when we are questioned as to why the stock market keeps rising. Despite relatively stagnant fundamental underpinnings, corporate earnings, and economic growth, new record highs are practically a daily headline. In the past, we have written on behavioral traits and similar historical occurrences to help …

Why Abbot Downing Advisor Has Joined PagnatoKarp

PagnatoKarp Welcomes Stephen Berardi To Its Fiduciary Family Office™

RESTON, Va., July 10, 2017 /PRNewswire/ — Veteran advisor Stephen Berardi has joined PagnatoKarp as a Family Wealth Advisor to ultra-high-net-worth clients in its Fiduciary Family Office™. Berardi has over 20 years’ experience working directly with ultra-high-net-worth individuals on complex financial planning and strategic long-term investment guidance. He joins PagnatoKarp, an independent fee-only registered investment advisor (RIA) with over $3 …

PagnatoKarp Featured On Executive Leaders Radio Show

The Executive Leaders Radio Show conducts interviews of prominent CEOs, CFOs, and business owners, focusing on “what makes leaders tick” and how that contributes to their success. PagnatoKarp has been featured on Executive Leaders Radio several times with the interviews of Paul Pagnato and David Karp. On-Air Interview with Paul Pagnato On-Air Interview with David Karp In addition, PagnatoKarp is now …

"Free Gift" Tax Strategy - Medical Expenses

Top 5 “Free Gift” Tax Strategies

Every taxpayer should consider the tax consequences of any gifts they make to loved ones. There are tax-free wealth transfer strategies that you may be unaware of that can help reduce your overall taxes and provide wealth during your lifetime to whomever you choose. Most wealthy taxpayers know that they can make an unlimited number of annual exclusion gifts at …

What Is The Smartest Thing Millionaires Do On Vacation?

Your Child’s Tuition Is Paid While You’re In Tahiti

The New York Times, Wealth Matters by Liz Moyer, June 16, 2017 Stuart Ross, a former insurance executive, sold his Puerto Rico-based company 12 years ago and has since enjoyed a globe-trotting lifestyle, with homes in multiple locations and grand travel aspirations. But while he and his wife, Val, are away on extended holidays, the bills and other burdens of …

Fiduciary Rule Map

This Map Shows the Real Cost of Conflicted Financial Advice

Money Magazine by Megan Leonhardt, May 31, 2017 The wrong financial advice can have a massive cost. Financial advisors may make recommendations even when they face a conflict—for instance, an incentive to sell specific financial products. If those products, such as mutual funds or annuities, aren’t really in your best interest, because they underperform or cost you more money over time …

Fiduciary Rule Map

The Fiduciary Rule Goes Live at Long Last

Barron’s by Cheryl Winokur Munk, June 2, 2017 10:56 p.m. ET The DOL rule that advisors act in their clients’ best interest is moving forward; widespread adoption is expected. A few years ago, the fiduciary concept was virtually unknown among many investors. Now, however, it has taken center stage, and many industry watchers believe there’s no turning back—especially with the …

Wall Street Journal

From A Career In Science To Working With Entrepreneurs

The Wall Street Journal, by Alex Coppola, May 31, 2017 11:07 a.m. EDT WSJ ADVISER PROFILE: PAUL PAGNATO OF PAGNATOKARP ‘Entrepreneurs have a passion to create; it’s integral to who they are.’ Paul Pagnato, 52 • Founder and CEO at PagnatoKarp, Reston, Va. • Education: B.S. Florida Atlantic University Background: “You never know where life will take you,” says Mr. Pagnato, …

Toilet Paper Pyramid

“Please Don’t Squeeze The Charmin”

By David Karp, PagnatoKarp Almost a year ago, we stumbled upon a topic that is currently generating much discussion in the financial media. In Mm Mm Good, published August 2016, the Campbell Soup Company (CPB) and the utility sector were highlighted to show how yield-starved investors were chasing dividend stocks to dangerously high valuations. The following quote from the article …

Alex Acosta

What The New Investment Fiduciary Rule Means For You

The Balance by Lou Carlozo, Updated May 25, 2017 So far, the Obama-era investor protection measures are holding fast. The U.S. Department of Labor’s “fiduciary rule” that asks brokers to avoid conflicts of interest when giving retirement advice has been through more gyrations over the last year than a limbo dancer in on a see-saw in an earthquake. Hailed by the …

Tax Tip #5

Top 5 Tax Savings Tips For Business Owners

1. Start-Up Costs: Start-up costs are amounts paid or incurred for investigating or creating your business. Those that are paid or incurred before the actual business start date are amortized over a period of years, whereas costs incurred on or after the business start date are fully deductible in the year they were incurred. By planning for the earliest possible …

Shifter

DOL Rule Is Seismic Shift For Advisors

Financial Advisor Magazine, by Karen DeMasters, May 23, 2017  Labor Secretary Alexander Acosta’s announcement that the new fiduciary rule will go into effect June 9 as planned will dramatically impact the lives of financial advisors who deal with retirement plans, according to advisors, lawyers and consultants. Full implementation of the rule for broker-dealers and advisors is still set for Jan. …

DOL pic

DOL Will Not Delay Fiduciary Rule Beyond June 9

CityWireUSA by Vicky Ge Huang, May 23, 2017, 11:22 The Department of Labor specified two parts of the rule – the definition of a fiduciary and compliance with the ‘impartial conduct standards’ – will become applicable on June 9. The Department of Labor (DOL) will not extend the delay to the fiduciary rule beyond June 9.The news was broken by new …

DOL

No Longer Delayed, So What’s Next For The Fiduciary Rule?

Financial Planning Magazine by Andrew Welsch, May 23, 2017, 3:33pm EDT When it comes to the fiduciary rule, advisers are no longer waiting for Godot. By declining to delay the rule’s June 9 implementation date a second time, Secretary of Labor Alexander Acosta dodged potential lawsuits from fiduciary advocates and ensured that an industry which has spent millions to prepare …

Baby in Bucket

Financial Transparency…Do Kids Need The Truth?

One of the greatest challenges financially successful families have is how to talk about their wealth with their children. More specifically, we are commonly asked by parents (aka, wealth holders), “Should we talk about our family wealth with our children?” “If so, at what age do we start talking about the money?” There are two primary reasons for this challenge. …

Sparkler Pie

Taxes, Trump, Transparency: Who Ordered The Pie?

What Is Trump’s Tax Plan? Lower Rates For The Wealthy And Business Owners: The top income tax rate would decrease from 39.6% to 35%, and the 7 marginal rates would condense to 3 (35%, 25%, 10%). There was no mention of any changes to capital gain rates. The corporate rate would lower from 35% to 15%, and includes pass-through entities …

Where

Full Transparency…Where’s The BeEf?

By David Karp, PagnatoKarp The 1980’s were a very interesting decade for many reasons beyond just financial. It was one that saw astronomical interest rate moves, peak equity valuations, inflation and market collapses. The 1980’s also provided us with one of the most unforgettable slogans of all time: “Where’s the Beef?”. With full transparency, we ask ourselves that very same …