Tag: News & Media

Marshall Nelson, wealth advisor at Crewe Advisors, speaks with Jacob Zinkula at Business Insider about why millennial investors need to take advantage of current market conditions and see it as an opportunity to buy stocks as they dip. “Young investors should embrace the current market turmoil because it gives them an opportunity to be buying at a discount. With a longer investment time horizon, any market volatility is a blessing,” says Nelson.

Marshall Nelson, wealth advisor at Crewe Advisors, speaks with Gabrielle Olya at GOBankingRates about why young investors should consider having a financial advisor. “Young professionals could benefit from having an advisor because an advisor is there to help them enhance their investments and avoid investing pitfalls. A big part of this is helping young investors manage their emotions. Investing hard-earned money in a place where risk is involved can be highly stressful in the short term. An advisor is there to help them from turning short-term anxiety into a long-term mistake. An advisor helps investors make decisions using logic, instead of emotion,” says Nelson.

Ryan Halliday, managing partner at Crewe Advisors, discusses the reasons why Salt Lake City has seen an influx of financial advisors with Tobias Salinger at Financial Planning. “Over the last 10 years, there has been a huge VC community. A tremendous amount of wealth has started to be created. There has been a need for more and more advisors,” says Halliday.

With Secure 2.0 Act giving those 72 and under an extra year before withdrawing money from their retirement accounts, some advisors are still suggesting you start earlier. Partner Kris Yamano joins Elizabeth O’Brien at Barron’s to discuss the benefits of planning out RMDs in advance, considering possible tax consequences one might have to deal with.

Stability of earnings will influence the level of the market, says Louise Goudy Willmering. She discusses the seesaw day in the markets following this morning’s CPI report. She talks about health care and financials relative to S&P 500, as well as finding value in health care and financial stocks. She then goes over how today’s CPI print impacts the Fed’s inflation fight. 

Marshall Nelson, wealth advisor at Crewe Advisors, speaks with Ben Mattlin of Financial Advisor about the challenges younger people are facing when it comes to investing. He also cites gender bias as a topic of concern moving forward. “Younger clients want to be as ethical as possible with their investments. But it’s essentially impossible for every publicly traded company to be perfectly squeaky-clean,” says Nelson.

Louise Goudy Willmering, partner at Crewe Advisors, speaks with Jess Menton at Bloomberg on the markets going into 2023 and how investors can make the most out of their portfolios. “Inflation and interest rates were the main obstacles in 2022, but next year people think the rate of inflation will likely decrease, while the big jumbo rate moves have probably already happened, which should help support broader markets,” says Willmering.

Dan Sudit, partner at Crewe Advisors, shares his thoughts on taxes in regards to moving to a new state with Jeff Ostrowski at MoneyGeek. “When moving to a new state, people should be familiar with the differences in state income tax rules. Where some get surprised is when the new jurisdiction in which they are domiciled has significantly higher tax rates or taxes different income sources differently. It is worth noting that most states that collect individual income taxes only tax wages and salary income, but not all of them,” says Sudit.

Financial Advisor reporter Ben Mattlin speaks with Megan Slatter, a wealth advisor at Crewe Advisors, about taking required minimum distributions from tax-advantaged retirement accounts and how life insurance and qualified charitable distributions can serve as legal work-arounds to reduce the pain of selling in a down market. “QCDs are a wonderful strategy to further your philanthropic goals, satisfy your annual RMD requirement, and reduce your tax liability. The donation check must be issued directly from your IRA custodian to the qualified charity to satisfy all or part of someone’s annual RMD requirements,” says Slatter.