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Dow Plunges 800 Points, Fundamentals of US Economy Still Strong

As you may be aware, the Dow Jones Industrial Average plunged 800 points yesterday, August 14th, marking the worst single day point drop of 2019. The media attributed the plunge to a slowing global economy, a trade war with China, and an inverted yield curve. The 10-year treasury rate for a time on August 14th dropped below that of the 2-year treasury rate. This inverted yield curve means that if... continue reading

AAFCPAs Wealth Management Reflects on the Q1 2019 Market Turnaround, and Provides Guidance on Achieving an All-Weather Portfolio

AAFCPAs Wealth Management Reflects on the Q1 2019 Market Turnaround, and Provides Guidance on Achieving an All-Weather Portfolio

In January, we wrote to you about 2018’s fourth quarter meltdown, and three months later the markets reversed course and shot higher. Two of the main issues that plagued the market in Q4 2018, tariffs and the Fed, have moved to the back burner. First, although there are mixed messages coming out of Washington and Beijing, there does seem to be some momentum towards resolution of the trade impasse. The... continue reading

Andrew Hammond, CFP® will moderate FEI-Boston’s March 2019 Executive Event: What Did We Learn in 10 Years & Where Do We Go From Here?

Andrew Hammond, CFP®, Partner & Wealth Advisor at AAFCPAs Wealth Management, will moderate a seasoned panel of peer investment strategists discussing what we should have learned since the recession of 2008-2009, and how the equity community and government is working to minimize the risk of this happening again. The Dow plunged 54% in 18 months between 2008 and 2009, the largest since the Great Depression of 1929.  We have come a... continue reading

AAFCPAs Wealth Management Reflects on Q4 2018 Market Volatility, and Provides Guidance on What Investors Should Do

AAFCPAs Wealth Management Reflects on Q4 2018 Market Volatility, and Provides Guidance on What Investors Should Do

Warren Buffett, one of the world’s most famous investors, is often quoted as saying “be fearful when others are greedy and greedy when others are fearful.” You might say that is easier said than done and we won’t disagree with you. Obviously, there is a great deal of fear right now among investors as a result of recent market volatility and the impact on portfolios. Q4 2018 has been the... continue reading

AAFCPAs Promotes Four to Partner to Support Firm Growth

AAFCPAs Promotes Four to Partner to Support Firm Growth

Westborough, MA 1/8/2019 – AAFCPAs is excited to announce the promotion of four additional Partners to our growing team: Andrew Hammond, CFP®, Carmen Grinkis, PhD, CLTC, CFP®, Matthew McGinnis, CPA, and Davide Villani, CPA, CGMA are fully engrossed in the industries we serve, and work closely together to best serve our diverse client base with the distinction of excellence. Carmen Grinkis and Andy Hammond are both sharp, energetic leaders of AAFCPAs Wealth Management, serving individuals & families, retirement... continue reading

Develop an Individual Financial Plan That Accounts for Market Volatility

As we head into the final quarter of 2018, it is a great time to reflect on the financial markets. We have experienced the longest period of economic expansion in the nation’s history, and we have come a long way since the mortgage and housing crisis in 2008. However, as you may know from recent headlines, the fourth quarter got off to a rocky start. The Dow fell over 1,300... continue reading

AAFCPAs Wealth Management Advises Clients to Pursue Lines of Defense in Protecting Your Credit

AAFCPAs Wealth Management Advises Clients to Pursue Lines of Defense in Protecting Your Credit

Approximately 1 in 2 Americans had their personal information compromised as a result of a 2017 data breach at Equifax, and as a result are now at an increased risk for identify theft and financial fraud. Identify theft is an increasing problem for all people. In response, Congress initiated a new credit freeze law protecting consumers. This law went into effect on September 21, 2018. The new federal credit freeze... continue reading

AAFCPAs Wealth Management Announces Transition of Leadership

AAFCPAs Wealth Management Announces Transition of Leadership

AAFCPAs Wealth Management is pleased to announce a transition in leadership, naming Carmen Grinkis, PhD, CLTC, CFP® and Andrew Hammond, CFP® as Co-Directors. Grinkis and Hammond are both Senior Wealth Advisors at AAFCPAs and have been poised to take over the leadership from Founder and Wealth Advisor Joel Aronson, CPA, MBA, PFS since joining the firm in 2016 and 2017 respectively. “I have the utmost respect for my colleagues Carmen... continue reading

Charitable Planning After the TCJA Tax Law Changes

Charitable Planning After the TCJA Tax Law Changes

It can be argued that the most sweeping changes to the tax code in the past 30 years occurred last December, with the passing of the Tax Cuts & Jobs Act (TCJA). AAFCPAs Wealth Management urges clients to carefully consider charitable planning now. Charitable giving, in some instances, may not provide the same tax benefit as it once did. We would like to highlight planning techniques to consider in response... continue reading