Articles

What is a Robo-Advisor?

By : Ginger Weber | May 1, 2021

What is a robo-advisor? At Premier Financial Group, we understand that investors have many choices when it comes to selecting the right financial advisor for their needs. In recent years, the choices available to investors have increased with the advent of the so-called robo-advisors.  Just as the travel industry changed from DIY booking sites and automated…

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Easy 401k Rollover in 4 Simple Steps

By : Jeremy Sorci | April 3, 2021

Want to roll over your 401k, but you’re just not sure where to start? You’re not alone; our retirement plan advisors field questions about 401k rollover options on a regular basis. And while the process may seem overwhelming, it can actually be quite simple: If you follow these four easy steps.  1. 401k Advisors Help…

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How Often Should I be Meeting with a Financial Advisor?

By : Ginger Weber | March 21, 2021

Do you often ask the question, “how often should I be meeting with a financial advisor?” If so, you’re not alone; we’re often asked if there’s a standard time frame that investors should adhere to.  Meeting with a financial advisor is extremely important to keep up with investments. Though we always recommend — at a…

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401k Questions: Advisors Suggest 5 Things

By : Teresa Conley | February 7, 2021

How’s your 401k doing? If you’re like the majority of Americans, You have many 401k questions that need to be answered. It is likely you have got access to an employer-sponsored 401k retirement plan, but you’re not taking advantage of it. According to Bloomberg, more than two-thirds of the U.S. population don’t regularly make contributions…

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The Importance of Financial Literacy

By : Jeremy Sorci | January 23, 2021

We all get them… stacks of envelopes in the junk mail pile, all offering low-interest credit cards. Emails offering “amazing deals” and “once in a lifetime” chances to use a new credit card to pay off existing debt. This steady stream of offers of easy credit is having an impact. The importance of financial literacy…

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High Net Worth Investors & Social Security

By : Jeremy Sorci | January 4, 2021

Premier Financial often answers questions about how Social Security fits into a wealth management strategy. This question is especially common for high net worth investors. Even if most of your income comes from other sources, Social Security can help you leave assets to your beneficiaries.    High net worth investors need to find the most effective…

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Wealth Management Strategies for Millennials

By : Teresa Conley | December 5, 2020

We often hear from millennials who know they’re supposed to start planning for their financial futures and retirement. However, many just aren’t sure what proper wealth management strategies are.  This is understandable; Millennials are currently focusing on things like graduating from college, paying down student loans, and landing that first job. Retirement wealth management strategies…

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Strategic Portfolio Management: Style Drift

By : Teresa Conley | November 11, 2020

We are often asked about active versus passive wealth management approaches. One question that can be confusing is that of style drift.  What is it? How can it affect my financial planning? It’s no secret that we’re not big fans of the active strategic portfolio management approach, in which a financial advisor or fund manager…

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We often speak with clients who have the sneaking suspicion that their previous investment firm was essentially gambling with their money to “beat the market”. The unfortunate truth is that many investment professionals might as well be called what they really are – sports bookies.  Though these two lines of work may seem quite different…

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The Benefits of Diversified Wealth Management Strategies

By : Jeremy Sorci | September 12, 2020

Long before the days of investment management solutions, financial derivatives and modern portfolio theory, Sancho Panza — Don Quixote’s sidekick – wisely noted, “It is the part of a wise man to keep himself today for tomorrow and not to venture all his eggs in one basket.” Of course, Don didn’t take this sage advice…

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401k Advisors Reveal 7 Things They Wish Investors Knew

By : Teresa Conley | August 31, 2020

Clients often come to our 401k advisors with questions about their accounts. It’s understandable; with all of the retirement plan options out there, it’s easy to have questions about which strategies are the most effective. Read on to discover the 7 things 401k advisors wish every investor knew about 401k plans, so they could make the most…

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When it comes to selecting a wealth advisor, one thing is certain: You have a lot of choices. But how do you determine if an investment professional is truly qualified to help you with your strategic wealth planning? The decisions you make now will permanently impact your financial future, so you need to vet your…

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Top 8 Qualities in a Professional Wealth Advisor

By : Ginger Weber | August 19, 2020

Choosing the best professional wealth advisor isn’t easy. With so many options out there — from brokers to insurance agents — investors often find it difficult to select the right investment firm for their individual needs.  In fact, we’re often asked what to look for in a financial advisor. We understand that choosing a professional…

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Clients often ask us for investment guidance about their diversification strategy – why is it so essential? We are always glad when our clients bring up this important topic.   The benefits of having a diversification strategy are so important – in fact, we’ve blogged about it before – because diversification is not only the cardinal…

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If you’ve ever wondered if the costs associated with a strategic wealth advisor are worth it, you’re not alone. In fact, an article at the Motley Fool described the cost of using a financial advisor as “brutal,” referring to a hypothetical 1 percent of assets annual fee reducing net returns, as well as the longer-term impact…

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Recently, a new client asked one of our advisors how high portfolio turnover would affect their portfolio. This timely question makes sense; we often warn our clients and other investors about the high costs of wealth management strategies based on active management. Our answer? High portfolio turnover is the source of most of the extra…

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If you have the suspicion that your investment professional may not be the best fit for your needs, you could be right — and you’re not alone. We often hear tales of less-than-stellar performance and unmet expectations from new clients who’ve just “broken up” with their last investment professional or are considering a change.  While…

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As pensions go extinct, more Americans turn to individual retirement accounts to prepare for their golden years. One of the most popular is the 401k, an employer-sponsored plan that allows workers to save a percentage of pre-tax dollars from paychecks.  As of 2014, 401k plans were the most popular type of retirement savings, representing about…

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When it comes to making financial planning and wealth management decisions, it just makes sense to follow conventional wisdom… doesn’t it? Financial sense does not always mean following conventional wisdom. Though conventional wisdom can be defined as ideas that are so widely accepted no one really bothers to question them, there may be times when…

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Have you ever considered trying to beat the market? If so, you’re not alone. A Google search for the phrase “beating the market” brings up 37.5 million results; a quick search for the same phrase on Amazon yields 493 matches in the “books” category alone.  Can you beat the market? Given the prevalence that this…

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Private Wealth Management for Women: 6 Tips

By : Teresa Conley | April 27, 2020

When it comes to personal wealth management, one size doesn’t fit all — and that’s especially true when it comes to female investors. Women control more than half of the wealth in the U.S. — a number that the Federal Reserve estimates will increase to two-thirds of all private wealth by 2020 — and comprise…

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Ever wonder about the pros and cons of paying for wealth management services? Many investors do; in fact, we’re asked about them all the time. Is wealth management worth it? Obviously, we’re all for it – but with a few caveats, of course. Those wealth management fees are only worth it if you’re receiving efficient,…

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401k Company Stock: How Much is Too Much?

By : Jeremy Sorci | February 2, 2020

Are you holding your employer’s stock in your 401k retirement plan? If your retirement account contains your company stock, you’re not alone: about 46 percent of eligible employees hold their employers’ stock, and one in five large companies invests employees’ retirement money in its own stock, says Bloomberg.  Including 401k company stock in your plan might…

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If you’ve ever had a performance review at work, you’ve probably already experienced the power of goal setting. In the workplace, meeting your goals leads to positive results, like feelings of accomplishment, promotions, and raises. (Not meeting those goals, on the other hand, generally doesn’t work out quite as well.) Why is goal setting important?…

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Mutual Funds Cost: Avoid Hidden Fees

By : Jeremy Sorci | July 1, 2019

Are mutual funds free to invest in? This question is more common than you might think. The answer, unfortunately, is no.  Many people believe that mutual funds’ cost is either low or nonexistent. It is understandable to assume that something only costs money if you actually see cash flowing out. For example, Account statements identify…

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Ask 401k Advisors: 7 Keys to 401k Success – Part 1

By : Jeremy Sorci | June 19, 2019

Often people ask our retirement plan advisors: “What is the best way to invest in my 401k?” While many companies provide 401ks as a benefit to their employees, the frequency that we hear this question is alarming. This question underscores that many 401k participants haven’t had enough education from their 401k plan providers to know…

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What financial strategies should you focus on when investing in a 401(k) retirement plan? In this article, we continue the conversation, started in Ask a 401(k) Advisor:7 Keys to 401(k) Success – Part 1, to explore the other areas, we feel, are essential to having a successful 401(k) experience such as how risk tolerance plays into…

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During challenging economic times, many new Premier clients say they’ve come to us because they’ve pulled away from traditional investment strategies and began to react to every market whim and event. This course of action rarely, if ever, works. There are no quick or easy gimmicks to financial success. There are, however, clear steps you…

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Anyone who has invested has had understandable questions such as “What are my fees?” “What are my expenses?” and “What are my investments fees?” Answering these questions directly is difficult, due to the wide variety of terms, phrases, and conditions that have been created by investment professionals and the financial industry, itself. Has the industry,…

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Often, we’re asked why our wealth management advisors don’t advocate financial strategies that involve attempts to beat the market. We don’t mind answering this question; in fact, we like to talk about this issue. Why? Because it gives us the chance to explain why the best wealth management strategies don’t employ the techniques that some…

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Clients often come to us with questions about market trends — will the bear market dominate or will the bull market prevail? Given the volatile market conditions of the past few years, these concerns are easy to understand. The question of bear vs bull markets is incredibly common. We’re happy to inform our clients that…

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DIY Investing vs. Wealth Advisors: A Costly Comparison?

By : Teresa Conley | March 3, 2019

At Premier, our wealth advisors often field questions from clients who wonder about taking a DIY – a “Do It Yourself” – approach to investing.  We certainly understand this impulse. After all, self-sufficiency and that “can-do” attitude are certainly ingrained into the American character. However, DIY investing is not something we recommend as there are…

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We’re often asked if estate planning strategies fall within the realm of the investment guidance services offered by wealth advisors. The answer is a resounding “yes!” In fact, we like to tell our clients that good wealth advisors will not only help with estate planning strategies, but they’ll go above and beyond to ensure that…

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If you’ve ever felt confused or overwhelmed by the industry terminology used by some investment professionals and financial pundits in the media, you’re definitely not alone. From basis points to derivatives, leverage to LIBOR, financial advisors, and seasoned investors certainly seem to throw around a lot of buzzwords.  But don’t worry; you don’t have to…

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Retirement Planning Checklist: How Should I Prepare?

By : Jeremy Sorci | September 22, 2018

While we all know we need to prepare for retirement, “How should I begin?” is one of the most frequently asked questions we hear.   1. Start the Retirement Planning Checklist by Setting Your Goals  Start your journey toward retirement by creating a retirement planning checklist. You probably already have a good idea of how…

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Got an Orphaned 401k? Best 401k Rollover Options

By : Jeremy Sorci | August 16, 2018

Clients often come to our 401k advisors with questions about old retirement accounts that they’ve “left behind” when they’ve moved on to another job with a different employer. It’s easy to understand; after all, the average American works for seven employers over the course of their working life, and it’s all too easy to leave that…

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7 Realistic Wealth Planning Management for Retirement

By : Teresa Conley | June 6, 2018

Some of the most common questions we field are related to retirement. Clients often wonder if they’re saving enough, if they’ve made the right investments, and how, exactly, they should take disbursements to minimize taxes and make those savings last. It’s no surprise that so many people worry about retirement: A 2014 study indicates that…

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If you’ve ever dreamed of saving a $1 million nest egg for retirement, you’re definitely not alone. Our retirement plan advisors often speak with clients hoping to attain this worthy goal. If you share this common investing dream, we’ve got some good news for you: Saving a $1 million nest egg for your retirement is…

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Recently, I was asked about dipping into retirement accounts early; does withdrawing funds before age 59 1/2 always come with penalties attached? While in most cases, it’s best to consider your retirement money untouchable; life does happen — and certain situations may necessitate early withdrawal.  Fortunately, retirement plan advisors know ways to access your retirement…

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Our wealth advisors are often asked about strategic financial planning, wealth management strategies, and investment planning. But all of these questions really boil down to one simple issue: How to achieve financial peace of mind. Here at Premier, we like to define this desirable state as possessing confidence in your financial future; and while we…

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Tax Consequences of Active Investing Financial Strategies

By : Ginger Weber | February 3, 2018

We’re often asked about the tax consequences that come hand-in-hand with active investing. Given the substantial tax impact of high portfolio turnover, it’s easy to understand these concerns. Our wealth advisors think that the IRS must love financial advisors who pursue active investing because of the massive amount of taxes that are routinely generated. Given…

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In regards to rebalancing investment portfolios, the three most common questions our wealth advisors hear are: “How often should rebalancing be done?”, “How important is it?”, and “What happens if it’s put off to a later date?” While portfolio rebalancing isn’t one of those tasks anyone necessarily looks forward to with any amount of enthusiasm…

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Wealth Management Strategies: Asset Diversification

By : Jeremy Sorci | January 1, 2018

While most of our clients already understand the importance of diversifying their portfolios by including securities from a range of industries, many ask their wealth advisors to provide investment guidance as to how asset allocation impacts asset diversification and portfolio performance. While the concept of diversifying across investments is easy to understand, asset diversification is a…

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Registered Investment Advisors Search: The Benefits of RIAs

By : Ginger Weber | November 11, 2017

Many of the investors I talk with question whether they have a good wealth advisor. Often, I’m surprised to hear that their investment stories and experiences are characterized by poor guidance, lackluster service and, sometimes, outright financial abuse. Many people advertising themselves as registered investment advisors don’t provide any meaningful service to their clients. It’s…

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How Does Inflation Affect Wealth Planning?

By : Jeremy Sorci | September 30, 2017

Given the recent economic uncertainty and concerns about federal deficits, it’s easy to understand why so many clients come to us with questions and worries about inflation. This overview helps demystify inflation by defining the concept, summarizing the consensus view of causal factors, and offering both near and long-term perspectives on future inflation trends to…

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Are Stock Market Projections Accurate?

By : Teresa Conley | August 25, 2017

We are frequently asked by investors about our stock market projections. The truth is that no one knows whether the market will rise or fall this year, this month, or even today.  At every tradable moment of the day, the stock market is fluctuating. It may start trending up and then head downward. Stare at…

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What Bonds Should I Invest In?

By : Jeremy Sorci | July 26, 2017

It is commonly known in the investment world that bonds, more often than not, are a safer investment than stocks. A common question we get is, “what bonds should I invest in?” When shopping for bonds, it is imperative to keep two important concepts in mind: Safer does not mean guaranteed. Not all bonds are…

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Recently, a savvy client asked what would happen if every investor subscribed to passive investing strategies as a wealth management solution; in other words, what if everyone indexed? Given the advantages of indexing, this financial strategy question didn’t come as a shock. After all, a financial strategy based on passive indexing offer a number of…

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The Pitfalls of Chasing High Yield Bonds

By : Ginger Weber | April 14, 2012

With interest rates hovering near zero, many investors are concerned with what they are earning on savings, money market accounts, certificates of deposit, and other fixed income investments. The tendency among both individual and institutional investors is to seek high yield bonds. Recent history reminds us of the dangers inherent in this approach. This newsletter…

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Behavioral Finance and the Impulsive Investor

By : Ginger Weber | August 20, 2011

It is not uncommon to see investors making irrational financial decisions. Behavioral Finance is a relatively new field that combines psychology with conventional economics to determine why these decisions are made. Behavioral finance is something that any skilled investor should consider. “Availability Bias” speaks to the fact that people tend to heavily weigh their decisions…

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