Making a difference

This past week I was visiting Ashley Thiem, CPA / PFS in our new Paraklete® Financial, Inc. office in Charleston, SC. As we were making the rounds, I continued to be amazed by the number of individuals, and advisers, who want to retain the services of our firm. There is a definite desire on the […]

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Boot Camp

Well it’s that time of year again. Presently at the firm we are transitioning from the Income Tax Review season into the CPA / PFS Live Review season. This tax season was particularly difficult for our clients and their advisers. The reality of the reinstatement of the Personal Exemption Phaseout and the limitation on Itemized […]

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Stock pickers, market timers, and crystal balls

“The worst months to invest money in the stock market are October, January, and May. The others are February, June, November, March, August, April, September, July, and December. Mark Twain’s sense of humor is reflected in his quote on investing – unfortunately, his investing experience was far from humorous. While his writing was very profitable, […]

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Life Insurance: How Much Do You Really Need?

The fear of death follows from the fear of life. A man who lives fully is prepared to die at any time.   Mark Twain There is a great deal to take away from this quote by Mark Twain. I concur with his sentiment. However, dying at any time presents an unacceptable financial risk to survivors […]

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Risk Management: Considering Statistics

The trouble ain’t that there is too many fools, but that the lightning ain’t distributed right. This quote by Mark Twain is a wonderful starting point in a discussion about managing risk in a personal financial plan. One of the areas which needs to be addressed is the statistical odds of an event occurring. Fools […]

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Family-focused advisors offer personal touch

Editor’s note: President and co-founder of Paraklete ® Financial, Inc., Susan Tillery CPA, PFS, CFP, was recently interviewed by Reuters concerning the rising demand for financial services. (Reuters) – Baltimore financial adviser Lyle Benson describes his work as that of “Personal CFO” or chief financial officer. His boutique financial planning firm manages money, but it […]

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Risk Transfer in the Financial Planning Process

No man is worth his salt who is not ready at all times to risk his well-being, to risk his body, to risk his life, in a great cause. —Teddy Roosevelt I have been looking for an opportunity to use this wonderful quote by Teddy Roosevelt. It is from an article in the New York […]

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Financial Planning: An Orphan Looking for a Home – Part 6 in an 6 part series

Editor’s note: Portions of the following posting by Susan Tillery, CPS/PFS, CFP, appeared in the January 2011 edition of AICPA Wealth Management Insider Newsletter. Clearly, financial planning has not yet arrived as a profession. Its structure (asset management and/or product placement, or fee for advice) has not been decided. Perhaps another platform is available. I […]

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Financial Planning: An Orphan Looking for a Home – Part 5 in an 6 part series

Editor’s note: Portions of the following posting by Susan Tillery, CPS/PFS, CFP, appeared in the January 2011 edition of AICPA Wealth Management Insider Newsletter. Financial planning needs to be a “stand alone” discipline devoid of conflicts of interest and the moral dilemmas which accompany them. Financial Planning, without national certification, without universally recognized standards, and […]

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Continuing the theme of Praxis – Part 4 in an 6 part series

Aristotle said: “Whatever we learn to do, we learn by actually doing it (Praxis); men come to be builders, for instance, by building, and harp players by playing the harp. In the same way, by doing just acts we come to be just; by doing self-controlled acts, we come to be self-controlled; and by doing […]

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