MINNEAPOLIS, Minn. – July 25, 2017 – Accredited Investors Wealth Management® is pleased to welcome Fred Semmer, CFA®, to the firm’s investment management team.
Fred joins the firm as an Investment Analyst and is a member of the investment group that manages client portfolios. He also coordinates with the firm’s Wealth Managers to create customized solutions to achieve client specific goals.
Tags: Press Release
Ross Levin, CEO & Founder of Accredited Investors Wealth Management, recently spoke with The Wall Street Journal on the topic of cybercrime and identity theft.
Levin recounted a recent incident in which a hacker had accessed a client’s email account, and requested a $50,000 wire transfer. The request itself, claiming that the money was needed for a down payment on an investment property, was entirely plausible. The client’s spouse is a real estate developer, and such an investment would not be unusual. However, the fact that the request was received via email raised a red flag.
Tags: Identity Theft
Accredited Investors Wealth Management is pleased to announce it has been named to the 2017 edition of the Financial Times 300 Top Registered Investment Advisers. The list recognizes top independent RIA firms from across the country. Click here for details.
Tags: Firm News, FT300
As reported by Bloomberg News and the Washington Post, a recent study concluded that parental leave benefits have decreased on average throughout much of the country in recent years. After undertaking a comprehensive review of its own policies, however, Accredited Investors Wealth Management recently announced a broad expansion of its parental leave benefits for both primary and non-primary parents, providing up to 16 weeks of fully paid leave, and placing the firm at the forefront of its industry with its approach to parental time off.
Tags: Firm News
Today’s inauguration of Donald Trump as President of the United States serves as proof positive that yes, 2016 really did happen. A year full of improbabilities becoming realities served as a good reminder that since the future is inherently unknowable, a sound investment strategy should never be based simply on attempts to predict short-term events.
In the investment world, January is sometimes referred to as the “silly season”, when market prognosticators emerge from their dens to enlighten the world with their predictions of how the market will perform in the coming year. We’ve never placed any value in such prophecies, and we are not alone. In his 1992 shareholder letter, Warren Buffett noted that he and his business partner had “long felt that the only value of stock forecasters is to make fortune tellers look good.”
Accredited Investors Wealth Management™ is pleased to welcome Jake Stanczyk, CFP®, to the firm’s wealth management team.
Tags: Press Release
“Jake is an exciting addition to our growing firm,” said Becky Krieger, Senior Director for Wealth Management Teams. “Jake’s experience and ability to multi-task will be greatly appreciated by the team.”
What do we know will happen in 2017? Actually, very little. We know that there is going to be a new U.S. president. We know that there is a Supreme Court opening. We know that there are going to be several elections taking place in Europe.
There are many more things that we expect but don’t know. When evaluating what decisions to make, though, we are better off looking at scenarios that are more likely than not and appropriately weighing them rather than assuming changes will occur based on expectations from candidate statements.
Tags: Gains & Losses
Rather than spending New Year’s Eve on resolutions, what if you decided you were going to spend January designing your life? Prof. Dave Evans and Prof. Bill Burnett of Stanford write in their book, “Designing Your Life: How to Build a Well-Lived, Joyful Life,” “Your life is not a thing, it’s an experience; the fun comes from designing and enjoying the experience.”
Tags: Spend Your Life Wisely
In the spring of 1999, after years of a hard-charging bull market, the Dow Jones Industrial Average first hit 10,000. It was a momentous occasion, and the many traders on the floor of the New York Stock Exchange celebrated with “Dow 10,000” hats. Little did they know that, sadly, those hats would again become relevant more than 10 years later, when the Dow would once again climb back to that notable level after plunging southward during the global financial crisis in 2008.
More than seven years on from that point, the Dow now stands poised to eclipse the 20,000 level. While its doubtful that many Dow 20,000 hats will be donned at the NYSE – only partly due to the fact that there just aren’t that many human traders left on the floor of the exchange – it is a significant milestone. Or at least it will be treated as such. In reality, the Dow index is a nonsensical measure that tells us virtually nothing of value about the market, and it is cited purely out of entrenched habit at this point.
By: Ross Levin, CFP ® December is a great month to look over what has transpired in 2016 and ahead to what you may be able to influence in 2017. One of the things that I like to do is to review books that have had meaning in my life and try to see where I […]
Tags: Gains & Losses