Client Newsletter: April 15, 2015

Hoover Financial AdvisorsJune 5, 2015

Clients Newsletters

Benchmark Charts_1st Quarter 2015

Investment Management Change – Discretion

As you all should be aware, in the first quarter of 2015, we began the process of transitioning our investment management services from a non-discretionary basis to a discretionary basis.  We believe that providing our office discretionary authority on your Schwab accounts will allow us to be more proactive throughout the year resulting in a more positive investment experience.

At this time, we are happy to announce that over 85% of our clients have signed new discretionary agreements allowing our office to provide trades when appropriate.  We are very pleased with that response and sincerely appreciate the confidence our clients have instilled in us with their Schwab investment assets.

If you have any questions about this new service and/or how it will impact your investment portfolio, please do not hesitate to contact our office.

Quarterly Statement Format

You will notice when you receive your quarterly Tamarac statement for this quarter we have changed the format of the data provided within that statement.  Based on conversations with many clients, we are now providing a more simplified and concise quarterly report.   This new report will still have the same cover page showing the accounts, registration, current value and year to date returns per account along with the current vs. target allocation chart.  However, the new report will show a much more concise account performance page showing only the year to date performance of the two main sub asset classes – Cash and Fixed Income and Equities and Alternatives.  The last new report will provide a comparative review of your accounts year to date, showing beginning values, contributions and withdrawals year to date, ending quarter values and quarter end performance.

We feel this new report will still provide the necessary data for you to monitor your accounts on a quarterly basis.  If you would like any additional data, you can always go online anytime and view all of your reports on your Tamarac client portal. Also, if you would like us to provide any more detail with your quarterly reports, please feel free to contact our office.

10th Anniversary Celebration

The big day is almost here! Mark Thursday, May 7 from 4 to 7 p.m. on your calendars to celebrate HFA’s 10th Anniversary. The party, which will be held at Embassy Suites on Chesterbrook Boulevard in Wayne,  promises to be fabulous, the food delectable and the treats and touches extra special.

We don’t want to give away all the fun, but here is a peek at a few surprises awaiting you.

  • Plan on an evening of Wine and Cupcakes. Dia Doce will demonstrate the fine art of sweet cupcake construction while Michael Walsh shares the taste of select Chester County wines. This is a perfect pair for a party extraordinaire.
  • A mini-expo brings an entertaining edge to education. Meet our team and learn more about our Client Service, Tax, Investment, Financial Planning, and Tamarac services and how they can benefit you.
  • Games, raffles and philanthropy are wrapped around our anniversary theme. The raffle prizes are bountiful baskets of Chester County treasures with all purchase proceeds going to Chester County Food Bank. Games are sure to pique your financial trivia interest and spark enjoyable conversation.

We look forward to seeing you as we celebrate this milestone! Please RSVP by April 30th. Call Danielle Marinelli at 610.651.2777, extension 101 or Danielle@petehoover.com to e-mail.

Employee Updates

Starting February 1st, Sara A. Nelb, CFP® joined the HFA team!  We are very excited to welcome Sara and look forward to her getting to know all of you.  Sara is a CERTIFIED FINANCIAL PLANNERTM Practitioner, holds a B.S. degree in Business Administration from Drexel University and is a member of the Financial Planning Association.  At HFA, she is working with Jerry Fahey in our Financial Planning Department.  Sara’s responsibilities are to work with HFA clients to develop, manage and maintain their financial plans.  She is dedicated to helping each client achieve their unique goals with transparency and support. She is a great addition to our team.

Contact Information:

Sara A. Nelb, CFP® – Phone: 610-651-2777, Ext. 124 and Email: Sara@petehoover.com

Fall Seminar Featuring Liz Ann Sonders

Everyone at Hoover Financial Advisors is excited about our fall seminar to be held on October 29th at Penn State Great Valley’s Conference Center. Liz Ann Sonders, a prominent and widely respected financial expert, will be our guest speaker. Ms. Sonders is chief investment strategist at Charles Schwab and senior vice president at Windhaven Investment Management, Inc. Both companies are affiliated subsidiaries of The Charles Schwab Corporation.

An economics and political science graduate of the University of Delaware, Ms. Sonders holds an MBA in Finance from Fordham University. National media frequently call on her for analytical views of the nation’s financial climate. She is a regular contributor to CNBC, Fox Business News, Bloomberg TV & Radio, ABC’s Good Morning America, CBS This Morning and PBS NewsHour. You have probably read her timely quotes and viewpoints in numerous financial publications.

SmartMoney named her one of its Power 30, Kiplinger’s called her the best strategist of the year and American Banker/US Banker cited Ms. Sonders among the 25 Most Powerful Women in Finance. Most recently, she was recognized by Investment Advisor as one of the 25 most important people in and around the financial industry profession.

Hosting such a prestigious and dynamic speaker in HFA’s 10th anniversary year is testament to our commitment to providing clients with the most up-to-date financial information. We hope you will join us at this momentous event. Watch your mailbox, e-mail and our website for more details and an invitation.

HFA Website Changes!

Our marketing team has worked diligently to create a fresh new look for HFA’s website.  The new site went ‘live’ this week and we would love for you to take a few minutes to review the changes.  The website is now focused around ten case studies detailing financial concerns that Hoover Financial Advisors can provide assistance with. Feel free to share the web address (www.petehoover.com) with any friends, family members or colleagues who you think we could be of service to.  We would appreciate the introduction!

As always, please do not hesitate to contact our office if there have been any changes within your financial situation.  We look forward to continuing to be of service to you in the future.

Best Regards,

Peter K. Hoover, CFP®


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