What I’m Talking About Most to Clients This Quarter

Second Quarter 2021

It’s not inflation. It’s not crypto. Although those topics do come up.  It’s rebalancing.  Being proactive, not reactive by taking profits when stock markets are up and breaking record highs.

The older we get the less time we have to make up for large losses. The V-shaped downturn and quick pandemic recovery of 2020-21 which is still underway was the only severe interruption in 13 years since the 2008-09 recession.

Most clients probably have a much higher percentage of equity exposure now than a year ago all else being equal.  So, better to be proactive instead of letting the market do the rebalancing for you.  Taking some profits while the stock market is up by selling back down to your target equity percentage.

Smart and timely proactive rebalancing is just one of the many benefits of having a wealth strategist on your side.  Working as a team with your tax and legal advisors, our role is not just numbers and returns.  It is more about people and trust.

So this quarter we are not only talking about rebalancing asset allocation.  The same “proactive not reactive” theme has continually come up in our conversations about rebalancing values and goals both in our personal and financial lives because of the pandemic.

The legacy we leave to our heirs and to society.  It has been my privilege to have worked with W&A clients now for over 27 years.  A time in our lives that encompasses so many transitions and accomplishments.

One thing we share in common:  Wealth is far more than just money.

— Phyllis

Author: Senior Vice President Senior Wealth StrategistPhyllis had been associated with W&A for a number of years before joining the firm, acting as a consultant to the company in its formative stage and subsequently as a client. Prior to joining W&A, Phyllis served as Vice President, Corporate Finance at Morgan Keegan & Company, Inc. She was involved in all aspects of its investment banking activities, including mergers and acquisitions, valuation studies, and initial public offerings. She earned registrations in NASD Series 7 (Registered Representative) and Series 63 (Blue Sky). Phyllis holds an MBA in Finance as well as M.Ed and BBA degrees from the University of Memphis. She is a Chartered Financial AnalystTM(CFA®) and a Certified Financial PlannerTM(CFP®) Licensee. She is past-Chairman and past-President of the Mid-South Society of the Financial Planning Association (FPA) and served on their Board of Directors from 1995 to 2000. During her term as President in 1998, the Mid- South Society of FPA was chosen the Outstanding Society of the Year by the national FPA organization. Her community volunteer activities include MIFA and the Women’s Foundation for a Greater Memphis, where she served as Treasurer, Chair of the Finance Committee and currently chairs the Investment Committee. She also serves on the Board of Governors of The Seaside Institute in Seaside, FL.

Github