knowledgecenter

Knowledge Center

Knowledge is Power.

The more you know, the more empowered you’ll be. Visit this page for the latest insights, solutions and wealth management resources.

How Mindfulness Can Curb Spending and Increase Happiness

January 4, 2017 (originally posted 9/27/16)
 

Nearly one-quarter of Americans owe more money on their credit cards than they have in emergency savings, according to a Bankrate.com study—meaning an unexpected expense like a car accident or medical bill could push them over the financial edge.

It could be our emotions pushing us into such debt.

12 Resolutions for 2017

Start the new year right by reviewing and revamping your financial plan.

December 9, 2016

Instead of hauling out those familiar New Year’s resolutions about eating less and exercising more, how about focusing on something that’s also very good for you in the long run – and even sooner? We’re talking about your financial plan – your fiscal health, if you will. The approach of 2017 is a great time to review your plan and make any necessary revisions. With that in mind, here are 12 suggested resolutions that, if followed, can help ensure that your later years will be financially secure.

2017 Office & Market Closings

Sytsma Wealth Strategies will be closed on the following dates in 2017, concurrent with the NYSE schedule

January 2 - observance of New Year's Day

January 16 - Martin Luther King, Jr. Day

February 20 - Washington's Birthday

April 14 - Good Friday

May 29 - Memorial Day

July 4 - Independence Day   *SWS will also be closed all day on July 3*  (The market will close at 1:00pm on July 3)

September 4 - Labor Day

November 23 - Thanksgiving   *SWS will also be closed all day on Nov. 24* (The market will close at 1:00pm on Nov. 24)

December 25 - Christmas

Moving Forward

Keep in mind that election results shouldn't change your long-term financial plans.

November 11, 2016

President-elect Donald Trump has won the election, and Republicans have taken control of Congress. You may be concerned about what this could mean for investors and the markets. Initially, global markets and domestic futures experienced losses overnight in response to the unexpected results, but they soon began to rally.

While performance generally has been positive over the very near term, we do caution that there is no correlation between parties in power and stock market performance over the long term, and the possibility remains that we may see some volatility in the months to come as the executive branch transitions to a new administration.

This election certainly warranted your attention. It was probably hard to ignore. However, it is important to remember that even major elections often don’t influence the markets over the long term – one way or the other. While markets and investors fear uncertainty, it is likely nothing will change for quite some time. Implementing policy change is not quick or easy, and we need to learn more about what Trump’s political agenda will look like as well as whom he appoints to office. While each of these factors will shape how things move forward, historically disciplined investors who stayed the course were generally rewarded by the market. However, past performance may not be indicative of future results.

Your advisor will continue monitoring any legislative changes or economic shifts that could affect your financial plan. In the meantime, remember that you should review your portfolio in light of your goals or any major life changes – not the current resident of the White House.

For the original article, click here.

UPTOWN SHOP HOP

November 3, 2016

Baxter Community Center has a particular need around the holidays for socks & gloves;  paper-ware, foil pans & aluminum foil; hot chocolate, coffee, & tea; wrapping paper & holiday candies; cake, bread, muffin, & pancake mixes (& frosting!); and seasonings.

Raymond James is not affiliated with Baxter Community Center or the Creative Youth Center.

Shop Hop Announcement 2016

The money talk that is worth having

Family conversations around future inheritance don’t have to be daunting  

October 19, 2017

Learning how to have difficult conversations can boost a person’s self-awareness and sense of control, whether those conversations are about work, personal relationships or something even harder to talk about: money. The same goes for clients talking to their adult children about what to expect in terms of their estate and finances at their death or incapacity.  It’s a conversation often avoided, but is one of the most important discussions to have in order to make sure the parents’ estate plan is handled how they intended.

8 Things To Remember When You Fail (So You Can Bounce Back Better Than Before)

Sept. 19, 2016

Why does failure cause some people to give up on their dreams while others bounce back even better than before? It has to do with the way they think about failure. Failure can be part of the long road to success—but only if you think about it in a way that’s productive.

Beating yourself up for your lack of success or declaring yourself a hopeless cause leads to unhelpful feelings, like shame or resentment. And it can lead to unproductive behavior, like staying inside your comfort zone.

Sustainable Investing is More than Financial Growth

September 7, 2016

Sustainable investing, an approach that integrates environmental, social and governance (ESG) criteria, is becoming a much sought-after strategy for investors.  

Whether implemented through socially responsible investing (SRI) screening, ESG integration or impact investing, sustainable investing offers a growing number of options for people interested in achieving goals beyond financial growth when building their portfolios.

5 Things Every Woman Should Know About Her Finances

August 2, 2016

Regardless of where a woman is in her life, she should arm herself with the tools and knowledge she needs to confidently manage her finances. Every woman should know the basics of personal finance to avoid potentially costly consequences. In financial literacy matters, women tend to score lower than men consistently, according to a study by the FINRA Investor Education Foundation.1

“An investment in knowledge always pays the best interest.” –Benjamin Franklin

from Sytsma Wealth Strategy Summer Newsletter - August 2016, written by Tami Sytsma
 

Part of my commitment to you is to never stop learning.  The more I know, the better service I provide.  That commitment inspired me to seek a new certification several months ago.  I’m proud to report that in June I became a Certified Private Wealth Advisor® (CPWA®).

High-net-worth individuals have unique needs that can’t be properly addressed by an advisor with a basic financial planning background. The CPWA certification program is an advanced credential created specifically for wealth managers who work with these clients.  I began studying for this back in January. In June, I participated in a five day course in Chicago culminating with a final exam.  It was a rigorous few months because the breadth of the material was broad but also incredibly detailed.  What I learned was truly valuable and I’m anxious to take that knowledge and use it in ways that pay interest to you.