fbpx

Blog

A Year to Celebrate

Peter K. HooverJanuary 3, 2020

HFA News

As I reflect on 2019, Wow! What a difference 12 months can make!  I sincerely believe that many of our clients are feeling very good about their financial situation, investment returns and the strength of our US economy. We all hope the good times will continue in 2020, but it is very easy to be nervous looking forward.  In future blogs and communications, we will address the outlook for 2020, but today it is time to be thankful for what we have, appreciate the good and celebrate a really great year. I would like to highlight some of our accomplishments:

Will Mullin and I marked two years since HFA merged with Villanova Financial Services. The partnership is thriving and new services, including a Benefits department, met with skyrocketing success this year. Clients appreciate the objectivity with which we manage their employee group benefits, 401(k) accounts and insurance needs.

Will completed Schwab’s Executive Leadership Program and has gained tremendous experience in the management side of our business. Many of our team members have completed advanced continuing education, earned additional designations and worked diligently to enhance their knowledge to better serve our clients.

Our team is 20 members strong and growing.  Effective 1/1/2020, John Guidotti has merged his family business into HFA. Capital Investment Services has flourished in West Chester since John created it with his father and brother in 1994. John has brought his clients and assets into our firm to be serviced by the HFA team. We are thrilled with the potential this brings as we begin to grow together.

We have also strengthened our tax team this year with the addition of Nancy Tomlinson, EA. This year we will have a total of 8 tax team members serving our clients tax preparation and planning needs.  Demand for our tax services has grown substantially over the last few years, preparing more than 360 returns, an increase of 100-plus over 2018. For the 2019 tax year, we expect to help over 400 clients with their tax needs.

We are also very pleased to announce that with your continued support, loyalty and referrals, HFA’s assets under management crossed over the billion-dollar milestone.  This goal has been a dream of mine for many years, and with the strong market and your trust and confidence, we have been able to achieve this very impressive goal.

HFA was again named to the Financial Times 300 Top Registered Investment Advisors in June. This is an annual list, produced independently by the Financial Times in collaboration with Ignites Research, a subsidiary of the FT that provides business intelligence on the asset management industry. This is the third time HFA has made this prestigious list.

I was extremely humbled to be selected by Forbes as one of the best wealth advisors in Pennsylvania. Of the 123 advisors named, my ranking was 31, which placed me in the top quarter. Advisors were chosen by SHOOK Research, a worldwide wealth advisor research firm.

With all our success, everyone at HFA participated in several charitable endeavors. Thanks to generous contributions from clients, business associates and staff, our annual Funds for Food campaign to benefit Chester County Food Bank exceeded our goal. We had hoped to raise $20,000, but, much to our delight, the drive brought in close to $25,000. Since we officially designated the food bank as our charity of record, more than $110,000 has been donated in addition to our many hours of volunteering on site.

We once again adopted a family for the holidays. This year, a couple and their five children received presents and a gift card for the grocery store of their choice to shop for holiday meals. We also provided all our employees with a Volunteer Time Off (VTO) day again this year. Each employee devoted one-half day away from the office to conduct volunteer work for a charity of their choice. Several people picked the food bank, while others gave their time to Philabundance, Daily Bread Community Food Pantry, Partners in Outreach and other nonprofit organizations.

I have supported Paoli Hospital for a number of years. It was a privilege this year to be named to its Foundation Board of Trustees. I look forward to serving the needs of the hospital along with an excellent group of area business people and volunteers.

As we look forward to 2020, we will be introducing several new initiatives.  The first project features offering our financial planning and investment management services to our clients’ children and/or parents. We will be offering them the same excellent services but with some added incentives.  Please talk with your advisor if you feel this program could add value to your family.

Other additions to 2020 activities are the further development of our video series, which is designed to increase marketing communications awareness while educating viewers. We will continue to write timely and informative blogs and hope to increase our lunch and learn client events which have been very popular.

2020 will also mark the 15th year since the opening of HFA in March of 2005 and will be my 39th year in this business.  It is hard to believe it has been 15 years since our first day but be on the lookout for some celebrations this year to thank all our clients for their continued support. Finally, our lease on our current office space will terminate at the end of 2020 and we are reviewing options to accommodate our growing business.

We look forward to many good things in 2020 and hope you and your family will be healthy, happy and prosperous in the new year.  Our team stands ready, willing and able to help you with any and all financial concerns and are always available to help. We hope you enjoyed a blessed holiday. Please join us as we look forward to 2020 with great confidence for another fantastic year.

 

See website disclosures