JonPaul McBride, Senior Client Services Associate at Daintree Advisors, was chosen to attend the 2018 Center for Financial Planning Diversity Summit. He was one of 300 thought leaders in financial planning who gathered in New York City to discuss building a more diverse financial planning profession, and to address the serious underrepresentation of blacks and Latinos (less than 3.5 percent of all CFP® practitioners) and of women (23% of all CFP® practitioners) in the profession.
Daintree Advisors is pleased to announce that Barbara Attardo, Darlene Dahl, Lauren Desforge, Alex Gross, Mary Shahian and William Speciale have been named recipients of the 2019 Five Star Wealth Manager award as featured in Boston Magazine. To receive the award, wealth managers must meet 10 objective criteria evaluated via surveys of Boston area households and financial services professionals, as well as independent research. Five Star Professional, which sponsors the nationwide award program, publishes its list in the February 2019 edition of Boston Magazine. Wealth Managers do not pay a fee to be considered or placed on the final list of the 2019 Five Star Wealth Managers. The Five Star award is not indicative of the wealth manager’s future performance.
For more information on the research and selection methodology go to www.fivestarprofessional.com.
Lauren N. Desforge, CFP®, CPA/PFS, CDFA®, AEP®
A Health Savings Account (HSA) is like a Swiss Army knife of savings plans and can be a key retirement building block. It has many benefits and is super charged when used to cover the high cost of health care expenses.
What a Difference a Year Makes
Happy New Year! Even a week into this New Year, we keep celebrating given the better returns so far in 2019. In 2018, investors with average risk generated mid-single digit negative returns.
Stephen Oliver and William Speciale presented to the Boston Probate and Estate Planning Forum on January 9, 2019 at the Union Club of Boston. The topic was Tax-Advantaged Investing: Achieving and Maximizing Tax Alpha.
The Boston Probate and Estate Planning Forum is an association of experienced and senior-level trusts and estates attorneys in Massachusetts. The Forum meets monthly to discuss current topics in the fields of probate, estate planning, tax, and trust administration. Guest speakers are attorneys, academics, government officials, and professionals in related fields with substantial expertise in their respective disciplines.
This holiday season, Daintree employees helped spread holiday cheer by volunteering with Christmas in the City and The Salvation Army’s Christmas Castle event. Both these wonderful organizations had special Christmas events for Boston area families experiencing the stress of poverty.
Diversification: The Only “Free Lunch” Doesn’t Feel So Free Right Now
The best performing strategy year-to-date has been to own the few high-flying stocks that are responsible for the majority of U.S. stock market returns. Against this backdrop, we feel it is an appropriate time to review Daintree’s investment strategy and why we think it has a higher probability of long-term success.
Mary M. Shahian, CFP®, ChFC, CDFA®
Many people wish to have a portion of their retirement income guaranteed. For example, a man who knows that statistically he is likely to die before his wife may want to assure that a portion of her income will not fluctuate with their investment portfolio.
Things rarely play out the way people foresee them. Take the FIFA World Cup for example, which recently concluded its 21st installment. The tournament began with 32 national teams vying for soccer’s ultimate prize, with tournament stalwarts Germany, Brazil, or Argentina favored to lift the trophy again. Against all odds though, each of these favorites crashed out, eliminated by seemingly lesser teams. No one could have predicted this result or that the tiny nation of Croatia would make the final. However, that is the nature of a contest with numerous potential outcomes; it is unpredictable and full of surprises.
Daintree employees enjoyed attending the 36th annual Jimmy Fund Scooper Bowl,® the nation’s largest all-you-can-eat ice cream festival. The Jimmy Fund supports Boston’s Dana-Farber Cancer Institute for adult and pediatric cancer care and research. This year the Scooper Bowl raised more than $400,000!