Explore insights that could affect your financial future.

Financial Planning

Financial Communication

The Key to a Couple's Long-Term Financial Well-Being Whether you are a newly committed couple or married for 50-plus years, you know the key to making a lifelong partnership work is communication....

Market Commentary

Welcome to the Fourth Industrial Revolution

To say we are living through a period of unprecedented change in innovation and technology is an understatement. The rapid convergence and development of technological advancement is being driven by three...

Financial Planning

Life Insurance: Why Not Invest the Premiums for a Better Return?

Life insurance is a necessity. Like paying your electric bill or water bill. It should be considered prior to investing as it guards against the one certainty in life: death.

Timer sitting on laptop computer

Financial Planning

Don’t Try to Time the Market

I noticed a recent headline in Financial Advisor Magazine that reminded me of a basic investing truth that I have observed throughout my 30-year career: It's virtually impossible to time the...

Small business owner putting out Open sign

Business Owners

Benefit Plans for Small Businesses

If you own a small business, you may be finding it increasingly necessary to implement a benefit program to attract and retain employees. For small businesses, benefit plans generally consist of...

Woman sitting at her computer doing her budget

Financial Planning

Pay Yourself First

Pay yourself first. It means regularly setting aside part of your earnings, putting some of your income into savings, and it has long been one of the surest ways to build...

2019 To Do List

Retirement Planning

New Year’s Resolutions for Retirement Plan Fiduciaries

Americans love making New Year's resolutions at the beginning of the calendar year. Generally, these self-improvement goals concern health and wellness, weight loss or improving relationships. If you are a retirement...

Retirement Planning

The Rules for Hardship 401(k) Withdrawals Have Changed

Generally, participants in 401(k) plans can't withdraw their retirement funds until age 59½ as long as they remain with their employer. However, employees can take money out, including earnings on their...

GivingHands

Estate Planning

Express Your Charitable Intent with Your IRA

Many of our firm's clients opt to leave a portion of their estate to charitable organizations such as social service agencies, churches and educational institutions. In many cases, charitably inclined individuals...

Bull and Bear figures in shadow

Financial Planning

Three Ways to Build Wealth in a Down Market

Over the past few months, every time I turn on the TV it seems the stock market is in the red for the day. A lot has been written about how...

Financial Planning

Money Matters are a Family Affair

A recent study performed by UBS1 revealed that 56 percent of married women leave household investment decisions to their husbands. A surprising 61 percent of younger or "millennial" wives admit to...

Timing the market

Market Commentary

Time In vs. Timing

When the market goes up, we want in; when it goes down, we want out. It's called behavioral bias, or in the case of the markets, behavioral finance. More specifically, it...

Turning Over to 2019

Market Commentary

HBKS 2019 Market and Economic Outlook

Stock Market Volatility Likely to Continue in 2019, but a Recession is Unlikely

Retirement Planning

Required Minimum Distributions: When Your Retirement Savings Start Paying Off

Whether you're about to begin enjoying the benefits of your years of saving for retirement or just starting to contribute to a retirement plan, you'll want to know a few things...

Market Commentary

Investors Should Remain Focused on Their Long-Term Investment Plan During Stock Market Turmoil

The correction in global stock markets that began this past September accelerated this week, putting most major stock indices into negative territory for the year. In the United States, the S&P...

Financial Planning

Saving Builds a Foundation

The first step in investing is to create a strong financial foundation.

Market Commentary

Market Capitulation and Chasing Returns: Where Investors Go Wrong

As financial advisors, we are frequently asked to justify one investment over another that is earning a higher return at that particular time. There are a lot of answers to such...

Floral shop owners discussing budgets

News & Awards

2018 Year-End Tax Update

The Tax Cuts and Jobs Act of 2018 substantially and significantly changes how you will plan for and pay your taxes this year. To help you get ready to file your...

Documents Search

Financial Planning

Step 2: Getting Essential Documents in Place

Not having your basic estate planning documents in place can easily derail all your good investment planning in very short order, as can having too little property and casualty coverage, or...

News & Awards

Happy Holidays from HBKS Wealth Advisors

Thief and Social Security Card

Cybersecurity

Spoofers, Phishers Prey on Florida Senior Citizens

Scammers can be awfully clever — and especially convincing when they claim to be from the federal government. The latest "spoofing" scam has the caller posing as an official with the...

A one hundred dollar bill puzzle

Retirement Planning

Getting Started: A Little Saving Now Will Pay Off Big Later

As a financial advisor to young professionals, I emphasize how important it is to start saving early for retirement. You might not want to restrict yourself to a budget, but what...

Market Commentary

Economic Fundamentals Drive Markets More Than Mid-Term Elections

Equity markets faltered substantially in October as investors wrestled with many concerns. In addition to an ongoing trade war with China and the U.S. Federal Reserve's rate hikes, investors wondered how...

Financial Planning

IRS increases IRA limits for 2019

For the first time since 2013, the IRS is increasing the annual limit for IRA contributions.

Estate Planning

Inheriting Retirement Accounts: The Other IRAs

Dealing with the passing of a family member or close friend is never easy. The emotions we feel and the ways we cope with loss can vary dramatically depending on our...

Financial Planning

Debt Forgiveness for Teachers

If you are a teacher and still paying off a federal student loan there are a couple of loan forgiveness programs you should be aware of that could serve to reduce...

Stock market volatility

Market Commentary

The Recent Volatility in Stock Markets Could Indicate That Stock Market Leadership is Shifting

After reaching new highs in September of this year, stock markets in the United States and abroad have been falling. Stock prices deteriorated more rapidly on Wednesday and Thursday before stabilizing...

Retirement Planning

The Goal of a Worry-Free Financial Retirement

Fiduciary

Financial Planning

The Responsible Advisor

In 2016 the Department of Labor (DOL) adopted new standards designed to expand ERISA fiduciary obligations to all financial advisors who work with clients in connection with any retirement-related account. They...

Market Commentary

Keeping Up with the Indices

How do you judge the performance of your investments? Many investors like to compare the movement in their portfolios with the S&P 500 or the Dow. Some people feel like they...

Insurance

Long-Term Care Insurance

Long-term care is a pressing concern for many families. And perplexing. It’s hard to know what to do about it or even find out what your options are. Even when you...

Estate Planning

You’ve Been Named an Executor

What does it mean to be assigned as executor or executrix of a will? Holding such a title means you are charged with settling the estate of the deceased. When a...

Financial Planning

Back to School Season Reminds Us…

Having spent several years as a high school economics teacher and being the son of two educators, I know first hand that "back to school" season can bring about a variety...

News & Awards

Taylor, Mallette and Taranto Earn Principal Status

HBKS® Wealth Advisors (HBKS®) announced today that Brittany Taylor, Brian Mallette and Tom Taranto have been named Principals in their respective offices. The announcement was made by CEO and Managing Principal...

Older Couple Dancing

Retirement Planning

Tax Deferred Retirement Savings

It’s a win-win-win. If you are self-employed, a sole proprietor or run a small business, you can build retirement savings while reducing your tax burden and building onto your investment portfolio....

Football Defense

Financial Planning

Defense Wins Championships

"Defense wins championships" is a common phrase used in the sports world. While high-powered offenses are "flashy" and can certainly carry teams to success, oftentimes the teams with the most...

Financial Planning

Pay Down or Save Up?

You have extra cash. Should you use it to pay down debt or build up your retirement savings?

Cybersecurity

Phishing Scams are Everywhere: Be Prepared

Cyber security threats are everywhere in today’s high tech world, and simply having an email account puts you at risk from the largest and fastest growing threat known as phishing.

Mom and daughter

Financial Planning

Women and Finance: Even When There’s Too Much Else to Do

In many families, one individual is typically the financial manager, that is, the person who makes sure the bills are paid, savings and retirement plans are funded, who meets with the...

News & Awards

HBKS® Wealth Advisors Among Top 100 in Assets Under Management

July 18, 2018 – HBKS® Wealth Advisors (HBKS®) is one of the nation’s top 100 registered investment advisors (RIAs) as measured by assets under management. With more than $3.5 billion under...

Market Commentary

Commentary on the U.S. Economy, Q2: Resist the Urge to React to Hypothetical Rhetoric

Global stock markets remained volatile in the second quarter despite solid corporate profits, as investors began to focus on slower growth in many parts of the world.

Diverging road splitting into two

Financial Planning

Saving for Retirement or College: Pick One

Good for you if you’re able to put enough money aside to cover your retirement and your kids’ college educations. But if not, remember the flight attendant’s advice before take-off: put...

Woman logging on to a secure website

Cybersecurity

A Proactive Approach to Cyber Security

Implementing strong cyber security polices, protecting yourself from unauthorized access to your personal and business data, is one of the most important precautions you can take in today’s digital world. Internet...

News & Awards

HBKS Named to 2018 Financial Times 300 Top Registered Investment Advisers

June 28, 2018 – HBKS® Wealth Advisors (HBKS) is pleased to announce it has been named to the 2018 edition of the Financial Times 300 Top Registered Investment Advisers. The list...

Insurance

Long-Term Care Insurance: When and What is Right?

As a product, long-term care insurance has suffered growing pains. When it was first developed — with no experience on which to base premium rates — insurers’ actuaries had little to...

Financial Planning

Residency and Your Finances

The first years of practice after completing medical school can be wrought with financial peril and stress. Newly christened physicians who have borrowed money to attend medical school emerge with huge...

News & Awards

HBKS Wealth Advisors Ranked Among Largest by Accounting Today

June 10, 2018 — In its recently released 2018 survey, the June 10,2018 edition of Accounting Today magazine ranks HBKS® 11th in amount of assets under management (AUM) among CPA firm's...

Financial Planning

Financial Planning Focus: Physicians – Part 2

Most doctors don’t start earning a living wage until their 30s. Four years of undergrad, four years of medical school, three-to-five years of residency – that’s more than a decade of...

Financial Planning

Financial Planning Focus: Physicians – Part 3

You’ve set your financial foundation during the first five years after residency. Now that your loans are paid off, you are saving adequately for retirement and you are properly insured, you...

Cybersecurity

A Sophisticated Con Almost Nails My Dad

My father is a retired military officer with three post-graduate degrees. After 35 years of service, he continued to serve his community by testifying as an expert in toxic contamination lawsuits....

Financial Planning

Come Partner with Me NOW

This one’s for you, Mr. and Mrs. Early Thirties – you who are ascending the corporate ladder, or leaving the corporate life to pursue your entrepreneurial dreams, or deep into your...

Financial Planning

Getting Organized

Most consumers are under-informed about the need for financial planning. The industry is partly to blame. Big banks and wire-houses would have you believe opening up an online account or visiting...

News & Awards

HBKS Wealth Advisors acquires stake in K·Coe Wealth Management LLC.

April 26, 2018 — HBKS® Wealth Advisors(HBKS) acquires a minority stake in K·Coe Isom LLP’s subsidiary K·Coe Wealth Management LLC. “Our firms have a great deal in common, from our regard for...

Market Commentary

Trade Tensions Spook Investors

Stock markets tumbled late last week, with most market observers attributing it to President Trump’s announcements of a number of tariffs on goods imported into the United States. News headlines quoted...

Retirement Planning

Retirement Planning: Your Sunny Future in the Sunshine State

A recent study pointed to Stuart, Fla., here on the Atlantic coast, and two other Florida cities, Naples and Sarasota, on the Gulf of Mexico, as top places for retirement in...

Financial Planning

Financial Planning Focus: Physicians – Part 1

Doctors face more financial challenges than one might think. To start, most do not start earning a living wage until their 30s. Four years of undergrad, four years of medical school,...

Insurance

Insurance Company Insolvency: Are You Protected?

In March 2016, a large national insurance company, Genworth Financial, announced it would stop accepting applications for traditional life insurance and some annuity products. While Genworth's management assures holders of their...

Market Commentary

Investor Anxiety Returns to Roil Stock Markets

On Monday the MSCI All Country World Index (ACWI), a measure of global stock markets, was down 3 percent, after dropping 3.4 percent last week. Last night and early Tuesday morning...

Market Commentary

Market Risks are Growing

Global stock markets turned in another solid performance in 2017, driven by continued improvement in economic growth. In the United States, the S&P 500 Index was up 21.8 percent, including dividends....

Investment Management

The Beat Goes On

Global stock markets continued their upward trend in the third quarter of 2017 thanks to a near-perfect environment for risk assets. Stocks in foreign developed and emerging markets also outperformed domestic...

Investment Management

The Power of Independence

In September 2016 Wells Fargo, one of the nation's largest banks, was fined $185 million by the Consumer Financial Protection Bureau for covertly opening millions of unauthorized deposit and credit card...

News & Awards

Locust Capital Management Merges with HBKS Wealth Advisors

Philadelphia - October 9, 2017 — HBKS® Wealth Advisors(HBKS) announced today it has completed a merger agreement with Locust Capital Management. Under the agreement, the Philadelphia-based wealth management firm will operate...

Cybersecurity

Identity Protection Solutions

The Equifax data breaches have focused our nation’s attention on identity theft protection. Not that it hasn’t been in the news for more than a decade now, but such a large-scale...

Market Commentary

Global Stock Markets Continue to Climb in Second Quarter 2017

During the past nine years many central banks around the world have been supplying monetary stimulus in order to lift global economic growth. These expansionary policies have enabled...

Market Commentary

HBKS Wealth Advisors Named a Top RIA by Financial Advisor Magazine

HBKS® Wealth Advisors’ ranked 100 in the $1 billion and over asset category.

Retirement Planning

Approaching Your “Retirement Cliff”?

If you are in your late 50s or early 60s, then you are fast approaching what is known as the “retirement cliff,” the end of the earned income period of your...

News & Awards

HBKS Wealth Advisors Named a Top 300 RIA by Financial Times

Financial Times included HBKS® Wealth Advisors in its fourth annual listing of an “elite group” of advisors.

News & Awards

Financial Times Ranks HBKS Among Top U.S. RIAs

June 22, 2017 — For the fourth consecutive year, HBKS® Wealth Advisors(HBKS) has been named to the Financial Times 300 Top Registered Investment Advisors (RIA).

News & Awards

HBKS Wealth Advisors Ranked Among Largest by Accounting Today

August 18, 2017 — Erie, Penn.... In its recently released 2017 survey, the June 1,2017 edition of Accounting Today magazine ranks HBKS 15th in amount of assets under management (AUM) among...

Investment Management

Active Funds or Passive Funds?

When investing, investors can choose either passively managed funds or actively managed funds. Passively managed funds invest in a portfolio that simply mirrors a market index. In contrast, actively managed funds...

Financial Planning

Financial Planning: Embrace the Target

As a lifelong Chicago Cubs fan, 2016 is a year that I will remember forever. Last year’s title run started with a speech by Joe Maddon, the team’s manager, on the...

Market Commentary

Uncertain Political Environment Weighing on Global Stocks

Stocks continued to surge for most of the first quarter of 2017 before treading water in March. While there is no shortage of political uncertainty around the world, during the first...

Financial Planning

Strategies for Managing Family Wealth

Wealth complicates matters. Wealthy families have not only more varied investments, but a wider range of goals, and maybe most importantly, greater exposure to financial risk. So financial advice to wealthy...

News & Awards

HBKS Wealth Advisors’ Managing Principal/Chief Executive Officer Christopher M. Allegretti & Chief Operations Officer Scott Cross were recently interviewed by Charles Schwab

HBKS® Wealth Advisors’ Managing Principal/Chief Executive Officer Christopher M. Allegretti and Chief Operations Officer Scott Cross were recently interviewed by Charles Schwab as contributors to their white paper entitled Forward Momentum:...

Investment Management

Slow and Steady Wins the Race

At the time of this writing the DOW has officially surpassed the 20,000 mark. Should we sit back and enjoy this historical landmark or is it a cause for anxiety? Should...

Financial Planning

Financial Planning vs. Investment Management

As election night 2016 came to its surprising end, investors were understandably confused. Some panicked using the earliest foreign exchanges to open to dump stocks. Prognosticators had predicted a precipitous fall...

News & Awards

HBKS Wealth Advisors Named a 100 Fastest Growing RIA Firm Over Ten Years by Forbes Magazine

Forbes magazine showcases the wealth management firms by growth in assets over the past ten years with a majority of the firms accruing more than $1 billion in assets.

Financial Planning

Using the Tax Return to Increase Income

As a financial advisor, I find the tax return one of the most revealing and useful tools for helping my clients. It will always be among one of the first items...

News & Awards

HBKS Wealth Advisors Announces Promotion of Firm Leaders

Erie, PA - HBKS® Wealth Advisors announced today the promotions of two of its key leaders. Senior Financial Advisors Steven Rinn, CFP, of the firm’s Erie, Penn., office, and David Darwish,...

News & Awards

HBKS Wealth Advisors voted Southwest Florida’s “best” financial advisory firm in a readers’ choice poll conducted by Gulfshore Business magazine

Fort Myers, Fla. - HBKS® Wealth Advisors was voted Southwest Florida’s “best” financial advisory firm in a readers’ choice poll conducted by Gulfshore Business magazine. The firm was honored for its...

News & Awards

HBKS Wealth Advisors Ranked Among Largest by Accounting Today

July 12, 2016 - In its recently released 2016 survey, the June 2016 edition of Accounting Today magazine ranks HBKS® Wealth Advisors 14th in amount of assets under management (AUM) among...

Estate Planning

Estate Planning: Covering Your Bases, Part 3

As critical as estate planning is, assuring your estate will be distributed as you wish is far from difficult or complicated. For most of us, estate planning boils down to executing...

News & Awards

HBKS Wealth Advisors Named a Top RIA by Financial Advisor Magazine

HBKS® Wealth Advisors ranked 102 in the $1 billion and over asset category.

Estate Planning

Estate Planning: Covering Your Bases, Part 2

As critical as estate planning is, assuring your estate will be distributed as you wish is far from difficult or complicated. For most of us, estate planning boils down to executing...

News & Awards

Financial Times Ranks HBKS Among Top U.S. RIAs.

HBKS® Wealth Advisors was pleased to be included in Financial Times 2016 Top 300 Registered Investment Advisers for the third consecutive year.

News & Awards

HBKS Wealth Advisors Named a Top 300 RIA by Financial Times

Financial Times included HBKS® Wealth Advisors in its third annual listing of an “elite group” of advisors.

Insurance

Insurance Series: Insurance as a Part of Your Financial Plan

When it comes to achieving your financial objectives, both growing your wealth and protecting it, you benefit from counsel that understands your entire financial condition - your needs, the needs of...

Estate Planning

Estate Planning: Covering Your Bases, Part 1

As critical as estate planning is, assuring your estate will be distributed as you wish is far from difficult or complicated. For most of us, estate planning boils down to executing...

News & Awards

HBKS Wealth Advisors Completes Merger Agreement with Comprehensive Wealth Solutions

Fredonia, New York - HBKS® Wealth Advisors announced today it has completed a merger agreement with Comprehensive Wealth Solutions (CWS). Under the agreement, the Fredonia, New York-based wealth management firm began...

Financial Planning

Your 30s: Successfully Spreading Yourself Out

It has been said that 30 is the new 20 as young people today are delaying adulthood by not checking off the traditional “adult” mile-markers: getting married, having children, buying a...

Financial Planning

Planning Concerns of Divorcing Couples

With some preparation and planning, you can take charge of your financial well-being during the difficult divorce process.

News & Awards

HBKS Wealth Advisors Announces the Signing of a Definitive Merger Agreement with Global Wealth Consultants

Naples, Florida - HBKS® Wealth Advisors announced today the signing of a definitive merger agreement under which Global Wealth Consultants (GWC) of Naples, Fla., will join its multidisciplinary financial services firm.

News & Awards

HBKS Wealth Advisors Principal and Senior Financial Advisor Stephen Schramm featured in Treasure Coast Newspaper

HBKS® Wealth Advisors takes a holistic view of working with each individual client. This distinguishes the firm, which has offices in Stuart and other Florida locations as well as in Ohio...

News & Awards

HBKS Wealth Advisors Principal and Senior Financial Advisor Dean Piccirillo featured on GoErie.com

Erie native Piccirillo finds success in Florida.

Financial Planning

Independence, Expertise and Service: Keys to Serving the Discerning Investor

Industry studies reveal a growing preference by discerning investors for fee-based advisors over commission-based brokers. For more than a decade, firms operating under the independent registered investment advisory (RIA) model have...

Financial Planning

Moral Hazard

The term “moral hazard” dates back to the 17th century and was widely used by insurance companies. The term was more recently used when economist Paul Krugman described moral hazard as...

News & Awards

HBKS’s Director of Asset Management, Brian Sommers, CFA, quoted in The Wall Street Journal

Brian Sommers, CFA - Director of Asset Management for HBKS® Wealth Advisors was quoted in The Wall Street Journal about the rise and fall of liquid-alternative funds.

Financial Planning

Will I Be Okay?

The goals for saving and investing are many and varied: a comfortable retirement, educating children or grandchildren, passing wealth along to a next generation, all the above and others. Investors might...

News & Awards

HBKS Wealth Advisors Announces “People of the Year” Finalist

HBKS® Wealth Advisors is proud to announce that Dean Piccirillo, CFP®, CRPS®, AIFA® has been named one of three finalists for Southwest Florida’s News-Press “People of the Year” award. The program...

Estate Planning

Gifting and the Family Dynamic

It is a good problem. You've done well enough in your business to amass a significant amount of wealth. Now you must decide how it will be distributed when you are...

Floral shop owners discussing budgets

News & Awards

2018 Year-End Tax Update

The Tax Cuts and Jobs Act of 2018 substantially and significantly changes how you will plan for and pay your taxes this year. To help you get ready to file your...

News & Awards

Happy Holidays from HBKS Wealth Advisors

News & Awards

Taylor, Mallette and Taranto Earn Principal Status

HBKS® Wealth Advisors (HBKS®) announced today that Brittany Taylor, Brian Mallette and Tom Taranto have been named Principals in their respective offices. The announcement was made by CEO and Managing Principal...

News & Awards

HBKS® Wealth Advisors Among Top 100 in Assets Under Management

July 18, 2018 – HBKS® Wealth Advisors (HBKS®) is one of the nation’s top 100 registered investment advisors (RIAs) as measured by assets under management. With more than $3.5 billion under...

News & Awards

HBKS Named to 2018 Financial Times 300 Top Registered Investment Advisers

June 28, 2018 – HBKS® Wealth Advisors (HBKS) is pleased to announce it has been named to the 2018 edition of the Financial Times 300 Top Registered Investment Advisers. The list...

News & Awards

HBKS Wealth Advisors Ranked Among Largest by Accounting Today

June 10, 2018 — In its recently released 2018 survey, the June 10,2018 edition of Accounting Today magazine ranks HBKS® 11th in amount of assets under management (AUM) among CPA firm's...

News & Awards

HBKS Wealth Advisors acquires stake in K·Coe Wealth Management LLC.

April 26, 2018 — HBKS® Wealth Advisors(HBKS) acquires a minority stake in K·Coe Isom LLP’s subsidiary K·Coe Wealth Management LLC. “Our firms have a great deal in common, from our regard for...

News & Awards

Locust Capital Management Merges with HBKS Wealth Advisors

Philadelphia - October 9, 2017 — HBKS® Wealth Advisors(HBKS) announced today it has completed a merger agreement with Locust Capital Management. Under the agreement, the Philadelphia-based wealth management firm will operate...

News & Awards

HBKS Wealth Advisors Named a Top 300 RIA by Financial Times

Financial Times included HBKS® Wealth Advisors in its fourth annual listing of an “elite group” of advisors.

News & Awards

Financial Times Ranks HBKS Among Top U.S. RIAs

June 22, 2017 — For the fourth consecutive year, HBKS® Wealth Advisors(HBKS) has been named to the Financial Times 300 Top Registered Investment Advisors (RIA).

News & Awards

HBKS Wealth Advisors Ranked Among Largest by Accounting Today

August 18, 2017 — Erie, Penn.... In its recently released 2017 survey, the June 1,2017 edition of Accounting Today magazine ranks HBKS 15th in amount of assets under management (AUM) among...

News & Awards

HBKS Wealth Advisors’ Managing Principal/Chief Executive Officer Christopher M. Allegretti & Chief Operations Officer Scott Cross were recently interviewed by Charles Schwab

HBKS® Wealth Advisors’ Managing Principal/Chief Executive Officer Christopher M. Allegretti and Chief Operations Officer Scott Cross were recently interviewed by Charles Schwab as contributors to their white paper entitled Forward Momentum:...

News & Awards

HBKS Wealth Advisors Named a 100 Fastest Growing RIA Firm Over Ten Years by Forbes Magazine

Forbes magazine showcases the wealth management firms by growth in assets over the past ten years with a majority of the firms accruing more than $1 billion in assets.

News & Awards

HBKS Wealth Advisors Announces Promotion of Firm Leaders

Erie, PA - HBKS® Wealth Advisors announced today the promotions of two of its key leaders. Senior Financial Advisors Steven Rinn, CFP, of the firm’s Erie, Penn., office, and David Darwish,...

News & Awards

HBKS Wealth Advisors voted Southwest Florida’s “best” financial advisory firm in a readers’ choice poll conducted by Gulfshore Business magazine

Fort Myers, Fla. - HBKS® Wealth Advisors was voted Southwest Florida’s “best” financial advisory firm in a readers’ choice poll conducted by Gulfshore Business magazine. The firm was honored for its...

News & Awards

HBKS Wealth Advisors Ranked Among Largest by Accounting Today

July 12, 2016 - In its recently released 2016 survey, the June 2016 edition of Accounting Today magazine ranks HBKS® Wealth Advisors 14th in amount of assets under management (AUM) among...

News & Awards

HBKS Wealth Advisors Named a Top RIA by Financial Advisor Magazine

HBKS® Wealth Advisors ranked 102 in the $1 billion and over asset category.

News & Awards

Financial Times Ranks HBKS Among Top U.S. RIAs.

HBKS® Wealth Advisors was pleased to be included in Financial Times 2016 Top 300 Registered Investment Advisers for the third consecutive year.

News & Awards

HBKS Wealth Advisors Named a Top 300 RIA by Financial Times

Financial Times included HBKS® Wealth Advisors in its third annual listing of an “elite group” of advisors.

News & Awards

HBKS Wealth Advisors Completes Merger Agreement with Comprehensive Wealth Solutions

Fredonia, New York - HBKS® Wealth Advisors announced today it has completed a merger agreement with Comprehensive Wealth Solutions (CWS). Under the agreement, the Fredonia, New York-based wealth management firm began...

News & Awards

HBKS Wealth Advisors Announces the Signing of a Definitive Merger Agreement with Global Wealth Consultants

Naples, Florida - HBKS® Wealth Advisors announced today the signing of a definitive merger agreement under which Global Wealth Consultants (GWC) of Naples, Fla., will join its multidisciplinary financial services firm.

News & Awards

HBKS Wealth Advisors Principal and Senior Financial Advisor Stephen Schramm featured in Treasure Coast Newspaper

HBKS® Wealth Advisors takes a holistic view of working with each individual client. This distinguishes the firm, which has offices in Stuart and other Florida locations as well as in Ohio...

News & Awards

HBKS Wealth Advisors Principal and Senior Financial Advisor Dean Piccirillo featured on GoErie.com

Erie native Piccirillo finds success in Florida.

News & Awards

HBKS’s Director of Asset Management, Brian Sommers, CFA, quoted in The Wall Street Journal

Brian Sommers, CFA - Director of Asset Management for HBKS® Wealth Advisors was quoted in The Wall Street Journal about the rise and fall of liquid-alternative funds.

News & Awards

HBKS Wealth Advisors Announces “People of the Year” Finalist

HBKS® Wealth Advisors is proud to announce that Dean Piccirillo, CFP®, CRPS®, AIFA® has been named one of three finalists for Southwest Florida’s News-Press “People of the Year” award. The program...

GivingHands

Estate Planning

Express Your Charitable Intent with Your IRA

Many of our firm's clients opt to leave a portion of their estate to charitable organizations such as social service agencies, churches and educational institutions. In many cases, charitably inclined individuals...

Estate Planning

Inheriting Retirement Accounts: The Other IRAs

Dealing with the passing of a family member or close friend is never easy. The emotions we feel and the ways we cope with loss can vary dramatically depending on our...

Estate Planning

You’ve Been Named an Executor

What does it mean to be assigned as executor or executrix of a will? Holding such a title means you are charged with settling the estate of the deceased. When a...

Estate Planning

Estate Planning: Covering Your Bases, Part 3

As critical as estate planning is, assuring your estate will be distributed as you wish is far from difficult or complicated. For most of us, estate planning boils down to executing...

Estate Planning

Estate Planning: Covering Your Bases, Part 2

As critical as estate planning is, assuring your estate will be distributed as you wish is far from difficult or complicated. For most of us, estate planning boils down to executing...

Estate Planning

Estate Planning: Covering Your Bases, Part 1

As critical as estate planning is, assuring your estate will be distributed as you wish is far from difficult or complicated. For most of us, estate planning boils down to executing...

Estate Planning

Gifting and the Family Dynamic

It is a good problem. You've done well enough in your business to amass a significant amount of wealth. Now you must decide how it will be distributed when you are...

Financial Planning

Financial Communication

The Key to a Couple's Long-Term Financial Well-Being Whether you are a newly committed couple or married for 50-plus years, you know the key to making a lifelong partnership work is communication....

Financial Planning

Life Insurance: Why Not Invest the Premiums for a Better Return?

Life insurance is a necessity. Like paying your electric bill or water bill. It should be considered prior to investing as it guards against the one certainty in life: death.

Timer sitting on laptop computer

Financial Planning

Don’t Try to Time the Market

I noticed a recent headline in Financial Advisor Magazine that reminded me of a basic investing truth that I have observed throughout my 30-year career: It's virtually impossible to time the...

Woman sitting at her computer doing her budget

Financial Planning

Pay Yourself First

Pay yourself first. It means regularly setting aside part of your earnings, putting some of your income into savings, and it has long been one of the surest ways to build...

Bull and Bear figures in shadow

Financial Planning

Three Ways to Build Wealth in a Down Market

Over the past few months, every time I turn on the TV it seems the stock market is in the red for the day. A lot has been written about how...

Financial Planning

Money Matters are a Family Affair

A recent study performed by UBS1 revealed that 56 percent of married women leave household investment decisions to their husbands. A surprising 61 percent of younger or "millennial" wives admit to...

Financial Planning

Saving Builds a Foundation

The first step in investing is to create a strong financial foundation.

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Financial Planning

Step 2: Getting Essential Documents in Place

Not having your basic estate planning documents in place can easily derail all your good investment planning in very short order, as can having too little property and casualty coverage, or...

Financial Planning

IRS increases IRA limits for 2019

For the first time since 2013, the IRS is increasing the annual limit for IRA contributions.

Financial Planning

Debt Forgiveness for Teachers

If you are a teacher and still paying off a federal student loan there are a couple of loan forgiveness programs you should be aware of that could serve to reduce...

Fiduciary

Financial Planning

The Responsible Advisor

In 2016 the Department of Labor (DOL) adopted new standards designed to expand ERISA fiduciary obligations to all financial advisors who work with clients in connection with any retirement-related account. They...

Financial Planning

Back to School Season Reminds Us…

Having spent several years as a high school economics teacher and being the son of two educators, I know first hand that "back to school" season can bring about a variety...

Football Defense

Financial Planning

Defense Wins Championships

"Defense wins championships" is a common phrase used in the sports world. While high-powered offenses are "flashy" and can certainly carry teams to success, oftentimes the teams with the most...

Financial Planning

Pay Down or Save Up?

You have extra cash. Should you use it to pay down debt or build up your retirement savings?

Mom and daughter

Financial Planning

Women and Finance: Even When There’s Too Much Else to Do

In many families, one individual is typically the financial manager, that is, the person who makes sure the bills are paid, savings and retirement plans are funded, who meets with the...

Diverging road splitting into two

Financial Planning

Saving for Retirement or College: Pick One

Good for you if you’re able to put enough money aside to cover your retirement and your kids’ college educations. But if not, remember the flight attendant’s advice before take-off: put...

Financial Planning

Residency and Your Finances

The first years of practice after completing medical school can be wrought with financial peril and stress. Newly christened physicians who have borrowed money to attend medical school emerge with huge...

Financial Planning

Financial Planning Focus: Physicians – Part 2

Most doctors don’t start earning a living wage until their 30s. Four years of undergrad, four years of medical school, three-to-five years of residency – that’s more than a decade of...

Financial Planning

Financial Planning Focus: Physicians – Part 3

You’ve set your financial foundation during the first five years after residency. Now that your loans are paid off, you are saving adequately for retirement and you are properly insured, you...

Financial Planning

Come Partner with Me NOW

This one’s for you, Mr. and Mrs. Early Thirties – you who are ascending the corporate ladder, or leaving the corporate life to pursue your entrepreneurial dreams, or deep into your...

Financial Planning

Getting Organized

Most consumers are under-informed about the need for financial planning. The industry is partly to blame. Big banks and wire-houses would have you believe opening up an online account or visiting...

Financial Planning

Financial Planning Focus: Physicians – Part 1

Doctors face more financial challenges than one might think. To start, most do not start earning a living wage until their 30s. Four years of undergrad, four years of medical school,...

Financial Planning

Financial Planning: Embrace the Target

As a lifelong Chicago Cubs fan, 2016 is a year that I will remember forever. Last year’s title run started with a speech by Joe Maddon, the team’s manager, on the...

Financial Planning

Strategies for Managing Family Wealth

Wealth complicates matters. Wealthy families have not only more varied investments, but a wider range of goals, and maybe most importantly, greater exposure to financial risk. So financial advice to wealthy...

Financial Planning

Financial Planning vs. Investment Management

As election night 2016 came to its surprising end, investors were understandably confused. Some panicked using the earliest foreign exchanges to open to dump stocks. Prognosticators had predicted a precipitous fall...

Financial Planning

Using the Tax Return to Increase Income

As a financial advisor, I find the tax return one of the most revealing and useful tools for helping my clients. It will always be among one of the first items...

Financial Planning

Your 30s: Successfully Spreading Yourself Out

It has been said that 30 is the new 20 as young people today are delaying adulthood by not checking off the traditional “adult” mile-markers: getting married, having children, buying a...

Financial Planning

Planning Concerns of Divorcing Couples

With some preparation and planning, you can take charge of your financial well-being during the difficult divorce process.

Financial Planning

Independence, Expertise and Service: Keys to Serving the Discerning Investor

Industry studies reveal a growing preference by discerning investors for fee-based advisors over commission-based brokers. For more than a decade, firms operating under the independent registered investment advisory (RIA) model have...

Financial Planning

Moral Hazard

The term “moral hazard” dates back to the 17th century and was widely used by insurance companies. The term was more recently used when economist Paul Krugman described moral hazard as...

Financial Planning

Will I Be Okay?

The goals for saving and investing are many and varied: a comfortable retirement, educating children or grandchildren, passing wealth along to a next generation, all the above and others. Investors might...

Financial Planning

Life Insurance: Why Not Invest the Premiums for a Better Return?

Life insurance is a necessity. Like paying your electric bill or water bill. It should be considered prior to investing as it guards against the one certainty in life: death.

Small business owner putting out Open sign

Business Owners

Benefit Plans for Small Businesses

If you own a small business, you may be finding it increasingly necessary to implement a benefit program to attract and retain employees. For small businesses, benefit plans generally consist of...

Insurance

Long-Term Care Insurance

Long-term care is a pressing concern for many families. And perplexing. It’s hard to know what to do about it or even find out what your options are. Even when you...

Insurance

Long-Term Care Insurance: When and What is Right?

As a product, long-term care insurance has suffered growing pains. When it was first developed — with no experience on which to base premium rates — insurers’ actuaries had little to...

Insurance

Insurance Company Insolvency: Are You Protected?

In March 2016, a large national insurance company, Genworth Financial, announced it would stop accepting applications for traditional life insurance and some annuity products. While Genworth's management assures holders of their...

Insurance

Insurance Series: Insurance as a Part of Your Financial Plan

When it comes to achieving your financial objectives, both growing your wealth and protecting it, you benefit from counsel that understands your entire financial condition - your needs, the needs of...

Market Commentary

Welcome to the Fourth Industrial Revolution

To say we are living through a period of unprecedented change in innovation and technology is an understatement. The rapid convergence and development of technological advancement is being driven by three...

Timer sitting on laptop computer

Financial Planning

Don’t Try to Time the Market

I noticed a recent headline in Financial Advisor Magazine that reminded me of a basic investing truth that I have observed throughout my 30-year career: It's virtually impossible to time the...

Timing the market

Market Commentary

Time In vs. Timing

When the market goes up, we want in; when it goes down, we want out. It's called behavioral bias, or in the case of the markets, behavioral finance. More specifically, it...

Turning Over to 2019

Market Commentary

HBKS 2019 Market and Economic Outlook

Stock Market Volatility Likely to Continue in 2019, but a Recession is Unlikely

Market Commentary

Investors Should Remain Focused on Their Long-Term Investment Plan During Stock Market Turmoil

The correction in global stock markets that began this past September accelerated this week, putting most major stock indices into negative territory for the year. In the United States, the S&P...

Market Commentary

Market Capitulation and Chasing Returns: Where Investors Go Wrong

As financial advisors, we are frequently asked to justify one investment over another that is earning a higher return at that particular time. There are a lot of answers to such...

Market Commentary

Economic Fundamentals Drive Markets More Than Mid-Term Elections

Equity markets faltered substantially in October as investors wrestled with many concerns. In addition to an ongoing trade war with China and the U.S. Federal Reserve's rate hikes, investors wondered how...

Stock market volatility

Market Commentary

The Recent Volatility in Stock Markets Could Indicate That Stock Market Leadership is Shifting

After reaching new highs in September of this year, stock markets in the United States and abroad have been falling. Stock prices deteriorated more rapidly on Wednesday and Thursday before stabilizing...

Market Commentary

Keeping Up with the Indices

How do you judge the performance of your investments? Many investors like to compare the movement in their portfolios with the S&P 500 or the Dow. Some people feel like they...

Market Commentary

Commentary on the U.S. Economy, Q2: Resist the Urge to React to Hypothetical Rhetoric

Global stock markets remained volatile in the second quarter despite solid corporate profits, as investors began to focus on slower growth in many parts of the world.

Market Commentary

Trade Tensions Spook Investors

Stock markets tumbled late last week, with most market observers attributing it to President Trump’s announcements of a number of tariffs on goods imported into the United States. News headlines quoted...

Market Commentary

Investor Anxiety Returns to Roil Stock Markets

On Monday the MSCI All Country World Index (ACWI), a measure of global stock markets, was down 3 percent, after dropping 3.4 percent last week. Last night and early Tuesday morning...

Market Commentary

Market Risks are Growing

Global stock markets turned in another solid performance in 2017, driven by continued improvement in economic growth. In the United States, the S&P 500 Index was up 21.8 percent, including dividends....

Market Commentary

Global Stock Markets Continue to Climb in Second Quarter 2017

During the past nine years many central banks around the world have been supplying monetary stimulus in order to lift global economic growth. These expansionary policies have enabled...

Market Commentary

HBKS Wealth Advisors Named a Top RIA by Financial Advisor Magazine

HBKS® Wealth Advisors’ ranked 100 in the $1 billion and over asset category.

Market Commentary

Uncertain Political Environment Weighing on Global Stocks

Stocks continued to surge for most of the first quarter of 2017 before treading water in March. While there is no shortage of political uncertainty around the world, during the first...

2019 To Do List

Retirement Planning

New Year’s Resolutions for Retirement Plan Fiduciaries

Americans love making New Year's resolutions at the beginning of the calendar year. Generally, these self-improvement goals concern health and wellness, weight loss or improving relationships. If you are a retirement...

Retirement Planning

The Rules for Hardship 401(k) Withdrawals Have Changed

Generally, participants in 401(k) plans can't withdraw their retirement funds until age 59½ as long as they remain with their employer. However, employees can take money out, including earnings on their...

Retirement Planning

Required Minimum Distributions: When Your Retirement Savings Start Paying Off

Whether you're about to begin enjoying the benefits of your years of saving for retirement or just starting to contribute to a retirement plan, you'll want to know a few things...

A one hundred dollar bill puzzle

Retirement Planning

Getting Started: A Little Saving Now Will Pay Off Big Later

As a financial advisor to young professionals, I emphasize how important it is to start saving early for retirement. You might not want to restrict yourself to a budget, but what...

Financial Planning

IRS increases IRA limits for 2019

For the first time since 2013, the IRS is increasing the annual limit for IRA contributions.

Estate Planning

Inheriting Retirement Accounts: The Other IRAs

Dealing with the passing of a family member or close friend is never easy. The emotions we feel and the ways we cope with loss can vary dramatically depending on our...

Retirement Planning

The Goal of a Worry-Free Financial Retirement

Older Couple Dancing

Retirement Planning

Tax Deferred Retirement Savings

It’s a win-win-win. If you are self-employed, a sole proprietor or run a small business, you can build retirement savings while reducing your tax burden and building onto your investment portfolio....

Financial Planning

Pay Down or Save Up?

You have extra cash. Should you use it to pay down debt or build up your retirement savings?

Diverging road splitting into two

Financial Planning

Saving for Retirement or College: Pick One

Good for you if you’re able to put enough money aside to cover your retirement and your kids’ college educations. But if not, remember the flight attendant’s advice before take-off: put...

Retirement Planning

Retirement Planning: Your Sunny Future in the Sunshine State

A recent study pointed to Stuart, Fla., here on the Atlantic coast, and two other Florida cities, Naples and Sarasota, on the Gulf of Mexico, as top places for retirement in...

Retirement Planning

Approaching Your “Retirement Cliff”?

If you are in your late 50s or early 60s, then you are fast approaching what is known as the “retirement cliff,” the end of the earned income period of your...