Enter GoToMeeting ID# Go

COINed: Commentary | Observations | Insights | News

2018 Best Places to Work for Financial Advisers

Accredited is proud to be recognized as a 2018 Best Places to Work for Financial Advisers by InvestmentNews. Per InvestmentNews, Accredited “was chosen as one of this year’s top-50 based on employer and employee surveys delving into everything from company culture, benefits, career paths and more.”

Tags:

Jamie Fritschel joins Accredited Investors Wealth Management®

MINNEAPOLIS, Minn. – March 19, 2018 – Accredited Investors Wealth Management® is pleased to welcome Jamie Fritschel, CFP®, CPA, back to the firm’s wealth management team. Jamie is responsible for developing and directing client planning strategies.

With twenty years of experience leading wealth management teams, Jamie creates personalized strategies by combining his technical wealth planning expertise with the ability to understand what issues each client considers most important in their lives.

Tags:

Amazon didn’t kill Toys R Us. Not without a lot of help, anyway.

The knee-jerk reaction in this scenario is to blame Amazon for killing yet another traditional retailer, and for making the bricks-and-mortar approach no longer relevant in a digital world. In fact, in its bankruptcy filing this week, Toys R Us does just that – blaming Amazon, as well as Wal-Mart & Target, for its demise, stating that its three competitors created a “perfect storm” by slashing profit margins on the toys they sold over the last holiday season.

Amazon may very well be, in the words of a Bloomberg columnist, “Corporate America’s Nightmare.” But in this case, Amazon doesn’t get all the blame. While Amazon certainly hasn’t made life any easier for large-scale retailers over the last 20 years, the Amazon-effect ranks a distant second on the list of contributors to the downfall of Toys R Us.

Tags:

Spring Cleaning: The Paper Purge

It’s tax time, and with it comes the annual stack of financial documents that seems to grow larger every year. As filing cabinets burst, are you struggling to determine which documents are necessary to keep, and for how long?

Below is a quick reference guide, based on IRS guidance and retention best practices, followed by details for each major document category.

Tags: ,

Levin: To make sound financial decisions, use a sound approach

Every decision we make in life is a bet. Like it or not, we are all inveterate gamblers. We rarely have all of the necessary information, but we forge ahead, making decisions based on internal (and often unconscious) guidelines.

When we order dinner at a restaurant, we are making a bet that we will like what we have chosen more than the other items. Fortunately for our dinner companions, we usually don’t describe a detailed mental calculus of how we made our decision nor go through how every other alternative could have been better or worse than what we chose. But when confronted with endless menu choices, we make a bet.

Poker wizard Annie Duke, in her book, “Thinking in Bets,” points out that we often gauge our decisions by their results rather than our decision-making process. She calls this resulting.

Tags:

2017 Best Practices Awards

Accredited is proud to have been named an InvestmentNews 2017 Best Practices Award winner. InvestmentNews describes the award as “an initiative that recognizes the top-performing and most innovative firms in the financial advice industry.” Click here for details.

Levin: Financial security comes with learning to confront change

The challenge in financial planning is coming to grips with loss. Every client experiences this in different ways – their changing lives as they age, retiring from jobs they loved or not achieving what they had expected from their work, or setting aside money for home repairs. Given that things are changing all the time, why should we allow ourselves to suffer with loss rather than just relate to it?

Tags:

Chris Link joins Accredited Investors Wealth Management®

MINNEAPOLIS, Minn. – February 26, 2018 – Accredited Investors Wealth Management® is pleased to announce that Chris Link, CFP®, CPA, has joined the firm as Director of Tax Planning.

With over twenty years of tax planning experience, Chris was most recently a Senior Managing Director for a U.S. professional services firm; providing direction and oversight for the day to day operations of private client and core tax services. In his role at Accredited, Chris works closely with clients, their wealth management team, and their outside advisors toward realizing clients’ tax planning goals.

Tags:

Levin: Buying or selling a house? Get ready for a soft market

The interesting thing about commerce is that it is pretty simple. The value of anything is what someone is willing to pay for it. Whether it’s a baseball team, a bitcoin, or a stock, this is just the way it is. Some things may have more intrinsic value because they produce an income stream – a business or a dividend paying stock, for example. Some things may have more expected value because you may be able to grow that income stream, for example a vacant shopping center. But the price for stocks and businesses are still set by buyers.

So let’s take feelings out of our decisions, and for a moment, look at a decision that may need to be more pragmatic. The value of your home is what someone is willing to pay for it. In the fake science of home buying, you can look at comparable home sales, replacement costs, average time to sell or any other measurement you want. These statistics may hold some value, but the bottom line is that the person who wants your home may have a price in mind that doesn’t match the one you might want or need.

I think this is going to be a more important time to be pragmatic because there are going to be a couple of factors that are going to shrink the home buying pool across virtually all sectors: the new tax law and potentially rising interest rates.

Tags: