Financial Planning and Advice Blog for Syracuse

Want to keep up with the latest news in the financial sector? HighPoint Advisors in East Syracuse, NY makes sure all our clients have the latest up to date financial information to better plan for their future. Feel free to browse the blog below to learn more about the current financial market.
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Top Trends in Women’s Investments

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By January 16, 2018

Whether you're a young professional, married mother, grandmother, or single mom, where you choose to invest your money will have a big impact on your future. The good news is that women on average are much better at investing than their male counterparts. That's why you should take advantage of the trends women are pursuing if you want a greater chance of reaching your financial goals. Here are four investing trends you should pay attention to in the coming years as a woman who invests:

Gender DiversityWoman with stock reports

Gender equality in the world's largest corporations has been pretty dismal since the start of capitalism, but things are changing. Investing in companies that pay women equally and hire women for top executive decisions isn't just a social goal; it can actually help you work towards your financial goals. According to research from Quantopian, women-led companies performed three times better than the S&P 500.

Social and Environmental Conscience

Women investors, on average, tend to care more about matching their investments with their personal values, so they put more focus on investing in companies who care about social and environmental wellbeing. As more and more women enter the stock market, companies who care may have more of an advantage. This is often referred to as impact investing. Women are doing their best to let companies know that the negative externalities they produce may affect their stock prices.

Healthy and Organic Foods

Food companies can't continue to only pump out fatty and sugary products if they want future market success. Women who are responsible for taking care of families are especially sensitive to this issue. Join other investors who are telling major food companies that they will only put money into corporations that encourage healthy eating and sell organic products.

Fixed-Income Investments

Many women are often more risk averse when it comes to investing, which means that a continuing trend for women investors may be in fixed-income investments. These include municipal bonds, T-bills, and other instruments that provide more stable returns. Even if you're not near retirement, reserving a chunk of your money for these kinds of investments may provide you with more financial confidence.At Highpoint Advisors, we connect women with investments that match their social and economic values. We're ready to help you manage a wide range of financial goals. Please contact us today for more information and financial advice about where to invest your money.The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. Because of their narrow focus, sector investing will be subject to greater volatility than investing more broadly across many sectors and companies. Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price. Investing involves risk including loss of principal. No strategy can ensure success or protect against loss.The fund’s concentrated holdings will subject it to greater volatility than a fund that invests more broadly....

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Looking Ahead to Preserve Your Estate

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By January 2, 2018

If you have specific plans for the future of your property, investments, and other assets, looking ahead is absolutely critical. The future is uncertain, but you can ensure that you and your family are taken care of by expressing your wishes in the proper legal documents. No two families have the exact same needs, so it's important to take the time to create a custom plan that matches your unique objectives.

Must Haves for Estate PlanningEstate planning documents

A common misconception about estate planning is that it's just a fancy term for drafting a will or trust. While that's an important component in the process, it's only one part. Here are six things your estate plan should include:
  • Will and/or trust. The main aspect of your estate plan. Your will sets out where all your assets are going and the trust protects some assets from legal complications and estate taxes. Make sure your will doesn't conflict with the beneficiaries of your insurance plans, retirement accounts or other instruments.
  • Beneficiary designations. These are the main recipients of your insurance policies and retirement plans. You also need to name contingent beneficiaries in case something happens to your main beneficiary.
  • Guardianship designations. If you have minor children, or plan on having kids soon, it's important you designate who their guardian will be in case you pass. You don't want a court making this decision for you because it was an item you overlooked.
  • Durable power of attorney. You assign power of an attorney so that a court doesn't decide what happens to you or your estate in the event you get a serious disability that prevents you from communicating effectively.
  • Healthcare power of attorney. If you want someone specific to have control over your healthcare decisions in the event you become incapacitated, you can assign a specific healthcare power of attorney. This should be someone you inherently trust and who understands your end-of-life wishes.
  • Letter of intent. While not necessarily valid by itself in the eyes of the law, a letter of intent will let your beneficiaries and possibly probate judges know what your intentions are for specific assets. This will help in case their is any confusion with other legal documents.

Benefits of Estate Planning with HighPoint Advisors

The experienced investment and estate planning professionals at HighPoint Advisors will work closely with you to help provide a path in working towards your financial goals. We'll present you with options that that seek to provide confidence and financial independence for your family. Our staff is detail-oriented and dedicated to the satisfaction of every client from all financial backgrounds.At HighPoint Advisors, we'll be happy to start you out with an initial consultation at your convenience. Please contact our office today to speak with a professional adviser about your estate planning goals.This information is not intended to be a substitute for individualized legal advice HighPoint Advisors, LLC and LPL Financial do not provide legal advice or services. Please consult your legal advisor regarding your specific situation....

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