Broker Check

We've Been Working on our BHAG

April 16, 2021

Our blog feed is usually rife with investment news, financial planning strategies and tax updates and sprinkled with news about our community. Yet we haven’t posted for nearly two full months. “No news to share?” you ask. “Forgot about me?” you wonder.

Just the opposite. After launching BFS Advisory Group in February, we have been finding new ways to serve you, adding new professionals, launching new programs and watching the changing markets like the hawks that we are.

Here is a quick update to catch you up about us, taxes, and the financial markets. 

New initiatives. We are launching a new educational initiative that is rooted deep in our values, our mission, and our ten-year BHAG (Big Hairy Audacious Goal) to educate 100,000 people about how to use their money to have the lives they want. Stay tuned - we hope you'll be as excited as we are. 

New professionals. Jake Howeth joined us in February. Jake will serve our clients as a Financial Services Representative and Paraplanner, building on his career start at Fidelity. As a former college baseball player, he has significantly upped our game in more ways than one, including sports metaphors for teamwork.

New clients. We have already started working on more financial plans in 2021 than we completed in all of 2020. Understandably, not many people were in the mood for long-term planning last year. But what we expected is coming true - if a global pandemic didn't teach you that you need a financial plan, nothing ever will. Thank you, loyal clients and friends, for your referrals.

New tax day. The IRS has delayed the national tax filing deadline to May 17. Also, residents of Texas, Louisiana, and Oklahoma can delay filing until June 15 due to the winter storm. As a point of clarity, estimated taxes (we're talking to you, business owners) still had an April 15 due date.

Changing financial markets. While 2020's gains in the US stock market were primarily in the large cap growth space, we are seeing a shift to value and small caps. We are also knee deep in the potential effects of interest rate moves and possible inflation on the bond market, housing, lending, savings rates and the economy. Our already intense process for investment analysis and strategy was turned up a notch last year, and we are actively watching the rapidly changing markets.

We'll be back real soon with insights on what the global pandemic can teach you about financial planning, and with more on our newest BHAG initiative. In the meantime, thank you for filling our lives, and please let us know if you have questions, comments, or referrals at