Explore insights that could affect your financial future.

Paper family cut in half with stethoscope and heart

Financial Planning

Health Insurance and Divorce: How Will One Affect the Other?

During marriage, it's common for one spouse to maintain health coverage for the entire family through his or her group health insurance plan at work. After a divorce, coverage for the...

Estate Planning

Family Matters

No one wants to think about, much less talk about, parents being unable to care for themselves or dying. But avoiding the conversation can leave a family in chaos in a...

Financial Planning

Avoid Holiday Excess

How do we compile so much over the years? One of the biggest culprits is holiday gift-giving. Think about where your time and money could be spent instead. Here are some...

Man meeting with this financial advisor

Investment Management

Investing: It’s About More than Returns

While the private client industry has evolved significantly over the last two decades, traditional commission selling still exists, buying and selling investments for clients and charging a commission for each transaction....

Multi Generational Family walking together in the fall

Insurance

Life Insurance and Life: How Your Needs Change

Your need for life insurance change as your life changes. When you're young, you typically have less need for life insurance, but that changes as you work and marry, your family...

College students walking on campus. 529 savings plans

Financial Planning

Tax Incentives and College Savings Plans

It's that time of year again when Morningstar reviews and ranks college savings plans. Though they are not the only driver in selecting a plan, the study is well executed and...

Gen X and Millennial workers retirement planning financial advisor Erie, PA

Financial Planning

Listen Up Generation Xers and Millennials: You’ll Need to Work Longer, Save More and Spend Less to Retire Well

The good news is that life expectancies continue to increase. Healthier lifestyles and medical advances are keeping older people alive and active longer. But there's a challenge that comes with a...

Retirement Planning

Pension Myths: Common Misconceptions About Pension Plans

To a great extent defined benefit plans, most of which are more commonly known as pension plans, have fallen out of favor. As of 2017, only 16 percent of Fortune 500...

Business Owners

On Being Successful

An interview with Christopher N. Sorce, CFP&, Principal and Senior Financial Advisor, as we near the 20th anniversary of HBKS& Wealth Advisors.

Business Owners

You’ve Decided to Sell Your Family Business. What’s Next?

Successful business owners know how to run their business, but typically, not how to sell their business. Selling a family business takes a great deal of forethought; even if you are...

Financial Planning

Emotional Investing: Five Ways to Ruin Your Portfolio

Investors' emotions often overpower their ability to think and act rationally when they are under stress, whether they're excited about a market surge or panicking over a decline. It's called "emotional...

Teacher reading to students in the library

Financial Planning

Reducing College Expenses for Government and Nonprofit Workers

There is an existing federal program designed to relieve some of the burden of student debt on those providing public service as part of their career. If you are a public...

Insurance

Modern Retirement: Potential Areas of Trouble

Given the unique characteristics of every family, conducting a detailed retirement feasibility study is imperative as anyone nears retirement. While a detailed examination of personal financial circumstances is crucial, the...

Market Commentary

Recessions are a Normal Part of the Business Cycle

After 10 years of substantial expansion, the global economy began to stall in the middle of 2018. Now more than a year later, global growth continues at a slower pace.

Multi generational Family

Estate Planning

Designating Your Life Insurance Beneficiaries

Beneficiary planning is an integral part of estate planning, as life insurance, IRAs and annuities do not pass through a will but directly to the named beneficiaries. This type of planning,...

Personal trainer helping senior

Financial Planning

You Need a Personal Financial Trainer

Paying for something that you can do yourself might bring about the question: "Do I really need this?". In today's world where you can "YouTube" just about anything, someone who is...

Woman standing on Florida beach at sunrise

Financial Planning

Why are 800 People a Day Moving to Florida?

It's the big migration. Eight hundred people a day are moving into Florida. And not just for a beach vacation. They’re taking residence in the Sunshine State. Florida is attracting more...

Cryptocurrencies

Investment Management

Should You Invest in Cryptocurrencies?

Because of volatility, extreme movements in terms of value, cryptocurrencies represent more risk than most investors want in their portfolios. But like many investment options, there are nuances that deserve examination.

Business Owners

Leaving Your Business on Your Terms

There are many ways you as an owner can exit your business. It is important to understand your options and how to prepare yourself and your business for this inevitable event....

Investment Management

Gains are a Good Thing. So Why Rebalance My Portfolio?

Determining a strategic asset allocation within a portfolio is arguably the most important aspect of managing your investments. However sticking with that allocation and consistently placing trades — buys and sells...

Retirement Planning

Annuities and Retirement Planning

You may have heard that IRAs and employer-sponsored plans (e.g., 401(k)s) are the best ways to invest for retirement. That’s true for many people, but what if you’ve maxed out your...

Financial Planning

Emotional Biases. Check Them at the Door of Your Portfolio.

Are you a Nervous Nelly or a Risky Ralph? Maybe a little of both? Neither character is particularly suited for making good investment decisions. Still, few of us can ignore their...

Business Owners

Business Succession Planning – Buy-Sell Agreements

A buy-sell agreement is a legally binding contract in which the owners of a business set forth the terms and conditions of a future sale or buy back of a departing...

Retirement Planning

When You’re 65: Things to Consider When You’re Heading into Your Retirement

Most people who make it to 65 wonder how they got there so quickly. John Lennon said, "life is what happens when your busy making other plans." If you did most...

Woman holding hand of ill relative

Estate Planning

Revocable Living Trust

A revocable living trust can be a useful and practical estate planning tool for certain individuals but not for everyone. This type of trust is as a way to maintain management of...

Balancing Act - Walking over a gorge on a tightrope

Investment Management

Risk Tolerance: How Much Investment Risk Can You Take?

Investing is not supposed to give you ulcers. It should be your way of building wealth in order to help achieve your financial objectives. Still, it’s natural to get nervous about...

new car lot

Financial Planning

Your New Vehicle: Should You Buy or Lease?

Buy or lease? It’s been a legitimate and puzzling question for prospective new car owners for more than a half century. There are good reasons to go either direction.

Dad Helping daughters with homework, thinking about saving for retirement and college

Financial Planning

Your Retirement, Your Children’s Education: Let’s Do the Math

If you're a young couple with children, you’re tasked with at least two major savings initiatives: your retirement and your kids’ educations. Both require early and smart planning.

Glass Globe with Diversification Charts

Investment Management

The Benefits of a Globally Diversified Portfolio Approach

HBKS believes that a globally diversified portfolio that utilizes alternatives provides for the highest probability of success in meeting our clients' investment goals.

University or College Campus

Financial Planning

SAGE: Tuition Discounts for PA 529 Participants

If you are saving for a child's education, you might be using a 529 College Savings Plan. You might not be aware of one aspect of the Pennsylvania version of the...

Financial Planning

Widowed? Divorced? Social Security Benefits Await You

The Social Security Act was voted into law in 1935. Over the years, it has been amended frequently and today's law includes many provisions with which many Americans are unfamiliar. One...

Senior couple with man in wheelchair

Insurance

Let’s Talk About the Future

Thanks to medical science, what we’ve learned about taking care of ourselves, and perhaps old-fashioned evolution, people are living longer. It has spawned an entirely new concern for us humans: how...

Retired Couple Sitting on a Bench

Insurance

Everything You Wanted to Know About Medicare… But Maybe Didn’t Know to Ask

If you are about to turn 65, your healthcare coverage — at least your primary coverage — will be provided by the U.S. government through a plan called Medicare. The following...

Grandson walk and talking with Grandad

Financial Planning

Your Financial Plan: Doing What’s Right for You

It doesn’t matter if you have $10,000 or $10 million. It doesn’t matter if you’ve just graduated from college or you’re getting ready to retire. A comprehensive and regularly updated financial...

Social Security Card

Retirement Planning

Is Your Social Security Payment Accurate?

Even Social Security can make a mistake. While errors are rare, it is important to check the mathematics and confirm the amounts on your social security checks are accurate.

Kids learning in school

Financial Planning

Saving for Retirement and a Child’s Education at the Same Time

You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two? The truth is, saving for...

Balancing Rocks

Market Commentary

Fears of an Impending Recession Are Overblown

Global stock markets surged higher in June, pushing the All-Country World Index (ACWI) up 16.2 percent for the first half of 2019. This performance occurred as global economic growth continued to...

A couple sitting on the lake enjoying retirement.

Retirement Planning

Retiring Early? A Healthcare Subsidy Could Help

If you're thinking about retiring early, that is, before age 65, but losing your healthcare coverage plan is giving you pause, there might be a solution for you. Under the current...

paper design

News & Awards

HBKS Again Among Elite FT300 Firms

July 2, 2019 – For the sixth consecutive year, HBKS® Wealth Advisors (HBKS) has been named to the Financial Times’ “FT 300 Top Registered Investment Advisers.” The competition, which is also...

Cellphone users

Perspectives

Millennials, Smart Phones and Artificial Intelligence

I often hear complaints about how millennials are too tied to their smart devices. How will they be able to cope in the so-called "real" world when all they do with...

Old Victorian Style Home

Financial Planning

Reverse Mortgages: Convert Your Home into Income

An FHA-insured reverse or conversion mortgage works by allowing homeowners age 62 and older to borrow on their home’s equity without having to make monthly mortgage payments. As the borrower, you...

HikingCouple

Retirement Planning

Planning for Retirement: What Income Replacement Rate Will I Need?

The transition from retirement saver to retirement spender can be overwhelming. A life spent earning income, deferring taxes and accumulating invested assets quickly changes to life on a fixed income —...

Growing Savings

Retirement Planning

Let’s Talk About Your Employer-Sponsored 401(k): Roth or Traditional?

When the time comes to retire, you want to be comfortable with your financial situation. Choosing to save for retirement is easy; however, choosing how to save can be difficult. You...

Do you need travel insurance

Insurance

Do You Need Travel Insurance?

Soon you'll be on your way, taking that trip you've looked forward to for ages--but suppose something happens. If you get sick, lose your suitcase, or have to cut your trip...

paper design

News & Awards

HBKS® Wealth Advisors Ranked Among Largest by Accounting Today

June 6, 2019 — Erie, Pennsylvania. In its recently released 2019 survey, the May 2019 edition of Accounting Today magazine ranks HBKS® 9th in amount of assets under management (AUM) among...

Couple Reviewing Finances with their Advisor

Insurance

Should You Keep Paying Your Life Insurance Premiums?

Buying a life insurance policy is often a one-and-done transaction. That is, unlike the counsel of your financial advisor who works with you on an ongoing basis, buying life insurance from...

Life Insurance

Insurance

Cash Value Life Insurance

Cash value, or permanent, life insurance is life insurance that is designed to be kept until your death — whenever that may be. What are the benefits of this type of...

(k),PensionandRetirementNestEggs

Retirement Planning

Congress Intends to Modernize Retirement Plan Rules

Congress is considering sweeping legislation to modify – or modernize – the rules for IRS qualified retirement plans, as recently both the House Ways & Means and Senate Finance Committees advanced...

Retirement Savings Jar and Time Clock

Financial Planning

Retirement Help for Age-Gap Couples You Might Not Know About

Making decisions about your retirement can be involved – and even more complex when there is a substantial age gap between you and your spouse. Substantially different retirement dates complicate such...

University Campus

Financial Planning

You Can Donate a 529 – But It’s a Bit Tricky

So years ago you set aside money in a 529 plan to help pay for a child's education. A smart move – not to mention commendable. But now he or she...

Students Drawing in a Library

Financial Planning

Saving for College? Consider a 529 Plan

It’s a major American crisis: student debt. Too many students are finishing their education with a mountain of debt that can take years, even decades to pay off. Fortunately, Uncle Sam...

Small Business Owner

Business Owners

Don’t Bank Your Retirement on Your Business

Investing in your own business makes sense; many businesses achieve significant growth each year. However, when you consider that many small businesses fold every year, it becomes clear that banking your...

Having an Open Heart and Giving to Charity

Financial Planning

New Tax Law Challenges Charitable Givers

Despite the TCJA's restrictions on the deductibility of charitable contributions, there are many tax-wise opportunities to take care of the institutions you want to help.

Estate and Protection Planning

Estate Planning

Estate and Protection Planning: Don’t Fall Victim to These Common Pitfalls

It's ironic that one of the most impactful — and costly — components of a well-executed financial plan pertains to benefits the owner will likely not live to enjoy. However, anyone...

Financial Graph

Market Commentary

Outlook for Economic Growth Brightens

For most of the first quarter of 2019, many economists were pessimistic about the prospects for global economic growth the rest of the year. Concern was mounting that global growth would...

Advisors Reviewing Graphs and Charts for Financial Planning

Investment Management

Behavioral Insights

Research — and there’s plenty of it — suggests a gap between what investors want from a financial advisor and what a financial advisor should provide. Both sides want the same...

Checking your credit

Financial Planning

Good Credit: Your Most Important Financial Asset

It's no stretch to say that establishing good credit is the most important thing you can do in your early financial life. Credit scores play a huge role — now and...

Retaining employees

Business Owners

You Can Attract and Retain Key Employees

If you have ever run a closely held business or worked with senior executives at a large corporation, you know key executives and employees are the lifeblood of an organization. Good...

Professional Art Gallery

Financial Planning

Collectibles Could Diversify Your Portfolio as They Bring You Joy

Do collectibles belong in your investment portfolio? Investing in something you are passionate about can be as emotionally satisfying as portfolio diversifying. Who would argue the gratification associated with running through...

Couple Retirement Planning

Retirement Planning

The Roths: 401(k) vs. Roth IRA. Which is better?

Roth 401(k) plans and Roth IRAs are similar retirement plans in that both are funded by after-tax dollars, that is, income you’ve already paid taxes on. They also both offer qualified...

Hedge Fund Definition

Investment Management

Hedge Funds

In terms of most investments, hedge funds are a relatively new idea. Still they've been around for almost 70 years and have proven a viable option for investors looking to diversify...

Protect loved ones with disability insurance

Insurance

Guard What You Have and Those You Love: Disability Insurance

Business owners and their employees meticulously plan for retirement because they consider it an achievement, but some fail to plan for death or disability. Although it can be uncomfortable to think...

Man Paying Bills on Computer

Financial Planning

Debt Snowball

It's not an uncommon dilemma. You’re looking at a mountain of debt and don't see how you're ever going to pay it off. Well, there are a couple of approaches that...

Woman Removing her Wedding Ring for her Divorce

Financial Planning

Getting divorced? Engage a Financial Advisor.

Couples facing divorce typically seek out separate attorneys. Why then wouldn't they seek out separate financial advisors? Seeking advice from a separate financial advisor as early as possible in the...

Child Allocating Money into Different Categories

Financial Planning

Teach Your Child About Money

Children may not always understand where money comes from, but they realize at a young age that they can use it to buy things they want. So as soon as your...

Stock Chart

Market Commentary

Thoughts on the Vanguard Market Call

Global investment powerhouse Vanguard sharply cut the expected returns for U.S. stocks in the next decade. If the forecast proves to be accurate, the implications could be significant for retirement-plan sponsors,...

Generational family

Financial Planning

The Sandwich Generation

There are enough of us to call the phenomenon a generation. We are the Sandwich Generation, members of a growing group of people functioning as "caregivers" for both their parents and...

Young female professional

Financial Planning

Personal Finances Key as Millennials Take on Adulthood

Millennials, people born between 1981 and 1997, now form the nation's largest demographic. They are also facing some of the most difficult financial challenges of recent generations, including a fast-paced, competitive...

Couple planning finances

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....

Digital Pathways

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...

Family sitting in their front yard

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...

ToDoList

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...

Paperworkandcalculator,planninga(k)

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...

Open Hands Giving to Charity

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...

husband and wife making money decisions

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...

TurningOverto

Market Commentary

HBKS 2019 Market and Economic Outlook

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

Elderly Couple Holding Hands and Walking on the Beach

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...

Stock market volatility with ticker

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...

Teen Checking her Piggy Bank for Savings

Financial Planning

Saving Builds a Foundation

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

Stock Market Trends

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...

Holiday background

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...

a vote pin and an American flag

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...

Tax forms and calculator tapes

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 documents

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...

Teacher showing students technology

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...

Elderly Couple Holding Hands and Walking on the Beach

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...

IndiciesImage

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...

Elderly Couple Sitting on a Bench

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...

Long and winding staircase

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...

paper design

News & Awards

HBKS Again Among Elite FT300 Firms

July 2, 2019 – For the sixth consecutive year, HBKS® Wealth Advisors (HBKS) has been named to the Financial Times’ “FT 300 Top Registered Investment Advisers.” The competition, which is also...

paper design

News & Awards

HBKS® Wealth Advisors Ranked Among Largest by Accounting Today

June 6, 2019 — Erie, Pennsylvania. In its recently released 2019 survey, the May 2019 edition of Accounting Today magazine ranks HBKS® 9th in amount of assets under management (AUM) among...

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...

Holiday background

News & Awards

Happy Holidays from HBKS Wealth Advisors

paper design

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...

paper design

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...

paper design

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...

paper design

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...

paper design

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...

paper design

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...

paper design

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.

paper design

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).

paper design

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...

paper design

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:...

paper design

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.

paper design

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,...

paper design

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...

paper design

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...

paper design

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.

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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.

paper design

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.

paper design

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...

paper design

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.

paper design

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...

paper design

News & Awards

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

Erie native Piccirillo finds success in Florida.

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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.

paper design

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...

Business Owners

On Being Successful

An interview with Christopher N. Sorce, CFP&, Principal and Senior Financial Advisor, as we near the 20th anniversary of HBKS& Wealth Advisors.

Business Owners

You’ve Decided to Sell Your Family Business. What’s Next?

Successful business owners know how to run their business, but typically, not how to sell their business. Selling a family business takes a great deal of forethought; even if you are...

Business Owners

Leaving Your Business on Your Terms

There are many ways you as an owner can exit your business. It is important to understand your options and how to prepare yourself and your business for this inevitable event....

Business Owners

Business Succession Planning – Buy-Sell Agreements

A buy-sell agreement is a legally binding contract in which the owners of a business set forth the terms and conditions of a future sale or buy back of a departing...

Small Business Owner

Business Owners

Don’t Bank Your Retirement on Your Business

Investing in your own business makes sense; many businesses achieve significant growth each year. However, when you consider that many small businesses fold every year, it becomes clear that banking your...

Retaining employees

Business Owners

You Can Attract and Retain Key Employees

If you have ever run a closely held business or worked with senior executives at a large corporation, you know key executives and employees are the lifeblood of an organization. Good...

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...

Estate Planning

Family Matters

No one wants to think about, much less talk about, parents being unable to care for themselves or dying. But avoiding the conversation can leave a family in chaos in a...

Multi generational Family

Estate Planning

Designating Your Life Insurance Beneficiaries

Beneficiary planning is an integral part of estate planning, as life insurance, IRAs and annuities do not pass through a will but directly to the named beneficiaries. This type of planning,...

Business Owners

Business Succession Planning – Buy-Sell Agreements

A buy-sell agreement is a legally binding contract in which the owners of a business set forth the terms and conditions of a future sale or buy back of a departing...

Woman holding hand of ill relative

Estate Planning

Revocable Living Trust

A revocable living trust can be a useful and practical estate planning tool for certain individuals but not for everyone. This type of trust is as a way to maintain management of...

Estate and Protection Planning

Estate Planning

Estate and Protection Planning: Don’t Fall Victim to These Common Pitfalls

It's ironic that one of the most impactful — and costly — components of a well-executed financial plan pertains to benefits the owner will likely not live to enjoy. However, anyone...

Open Hands Giving to Charity

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 documents

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...

Long and winding staircase

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...

Victorian House

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...

Side of a house and the roof

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...

Housing Plan

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...

Couple reviewing bills and payments

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...

Paper family cut in half with stethoscope and heart

Financial Planning

Health Insurance and Divorce: How Will One Affect the Other?

During marriage, it's common for one spouse to maintain health coverage for the entire family through his or her group health insurance plan at work. After a divorce, coverage for the...

Estate Planning

Family Matters

No one wants to think about, much less talk about, parents being unable to care for themselves or dying. But avoiding the conversation can leave a family in chaos in a...

Financial Planning

Avoid Holiday Excess

How do we compile so much over the years? One of the biggest culprits is holiday gift-giving. Think about where your time and money could be spent instead. Here are some...

College students walking on campus. 529 savings plans

Financial Planning

Tax Incentives and College Savings Plans

It's that time of year again when Morningstar reviews and ranks college savings plans. Though they are not the only driver in selecting a plan, the study is well executed and...

Gen X and Millennial workers retirement planning financial advisor Erie, PA

Financial Planning

Listen Up Generation Xers and Millennials: You’ll Need to Work Longer, Save More and Spend Less to Retire Well

The good news is that life expectancies continue to increase. Healthier lifestyles and medical advances are keeping older people alive and active longer. But there's a challenge that comes with a...

Financial Planning

Emotional Investing: Five Ways to Ruin Your Portfolio

Investors' emotions often overpower their ability to think and act rationally when they are under stress, whether they're excited about a market surge or panicking over a decline. It's called "emotional...

Teacher reading to students in the library

Financial Planning

Reducing College Expenses for Government and Nonprofit Workers

There is an existing federal program designed to relieve some of the burden of student debt on those providing public service as part of their career. If you are a public...

Personal trainer helping senior

Financial Planning

You Need a Personal Financial Trainer

Paying for something that you can do yourself might bring about the question: "Do I really need this?". In today's world where you can "YouTube" just about anything, someone who is...

Woman standing on Florida beach at sunrise

Financial Planning

Why are 800 People a Day Moving to Florida?

It's the big migration. Eight hundred people a day are moving into Florida. And not just for a beach vacation. They’re taking residence in the Sunshine State. Florida is attracting more...

Financial Planning

Emotional Biases. Check Them at the Door of Your Portfolio.

Are you a Nervous Nelly or a Risky Ralph? Maybe a little of both? Neither character is particularly suited for making good investment decisions. Still, few of us can ignore their...

new car lot

Financial Planning

Your New Vehicle: Should You Buy or Lease?

Buy or lease? It’s been a legitimate and puzzling question for prospective new car owners for more than a half century. There are good reasons to go either direction.

Dad Helping daughters with homework, thinking about saving for retirement and college

Financial Planning

Your Retirement, Your Children’s Education: Let’s Do the Math

If you're a young couple with children, you’re tasked with at least two major savings initiatives: your retirement and your kids’ educations. Both require early and smart planning.

University or College Campus

Financial Planning

SAGE: Tuition Discounts for PA 529 Participants

If you are saving for a child's education, you might be using a 529 College Savings Plan. You might not be aware of one aspect of the Pennsylvania version of the...

Financial Planning

Widowed? Divorced? Social Security Benefits Await You

The Social Security Act was voted into law in 1935. Over the years, it has been amended frequently and today's law includes many provisions with which many Americans are unfamiliar. One...

Grandson walk and talking with Grandad

Financial Planning

Your Financial Plan: Doing What’s Right for You

It doesn’t matter if you have $10,000 or $10 million. It doesn’t matter if you’ve just graduated from college or you’re getting ready to retire. A comprehensive and regularly updated financial...

Kids learning in school

Financial Planning

Saving for Retirement and a Child’s Education at the Same Time

You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two? The truth is, saving for...

Old Victorian Style Home

Financial Planning

Reverse Mortgages: Convert Your Home into Income

An FHA-insured reverse or conversion mortgage works by allowing homeowners age 62 and older to borrow on their home’s equity without having to make monthly mortgage payments. As the borrower, you...

Retirement Savings Jar and Time Clock

Financial Planning

Retirement Help for Age-Gap Couples You Might Not Know About

Making decisions about your retirement can be involved – and even more complex when there is a substantial age gap between you and your spouse. Substantially different retirement dates complicate such...

University Campus

Financial Planning

You Can Donate a 529 – But It’s a Bit Tricky

So years ago you set aside money in a 529 plan to help pay for a child's education. A smart move – not to mention commendable. But now he or she...

Students Drawing in a Library

Financial Planning

Saving for College? Consider a 529 Plan

It’s a major American crisis: student debt. Too many students are finishing their education with a mountain of debt that can take years, even decades to pay off. Fortunately, Uncle Sam...

Having an Open Heart and Giving to Charity

Financial Planning

New Tax Law Challenges Charitable Givers

Despite the TCJA's restrictions on the deductibility of charitable contributions, there are many tax-wise opportunities to take care of the institutions you want to help.

Checking your credit

Financial Planning

Good Credit: Your Most Important Financial Asset

It's no stretch to say that establishing good credit is the most important thing you can do in your early financial life. Credit scores play a huge role — now and...

Professional Art Gallery

Financial Planning

Collectibles Could Diversify Your Portfolio as They Bring You Joy

Do collectibles belong in your investment portfolio? Investing in something you are passionate about can be as emotionally satisfying as portfolio diversifying. Who would argue the gratification associated with running through...

Man Paying Bills on Computer

Financial Planning

Debt Snowball

It's not an uncommon dilemma. You’re looking at a mountain of debt and don't see how you're ever going to pay it off. Well, there are a couple of approaches that...

Woman Removing her Wedding Ring for her Divorce

Financial Planning

Getting divorced? Engage a Financial Advisor.

Couples facing divorce typically seek out separate attorneys. Why then wouldn't they seek out separate financial advisors? Seeking advice from a separate financial advisor as early as possible in the...

Child Allocating Money into Different Categories

Financial Planning

Teach Your Child About Money

Children may not always understand where money comes from, but they realize at a young age that they can use it to buy things they want. So as soon as your...

Generational family

Financial Planning

The Sandwich Generation

There are enough of us to call the phenomenon a generation. We are the Sandwich Generation, members of a growing group of people functioning as "caregivers" for both their parents and...

Young female professional

Financial Planning

Personal Finances Key as Millennials Take on Adulthood

Millennials, people born between 1981 and 1997, now form the nation's largest demographic. They are also facing some of the most difficult financial challenges of recent generations, including a fast-paced, competitive...

Couple planning finances

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....

Family sitting in their front yard

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...

husband and wife making money decisions

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...

Teen Checking her Piggy Bank for Savings

Financial Planning

Saving Builds a Foundation

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

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...

Tax forms and calculator tapes

Financial Planning

IRS increases IRA limits for 2019

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

Teacher showing students technology

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...

Student Raising his Hand with a Question

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...

Signing Divorce Paperwork

Financial Planning

Not All Assets Are Created Equally

By definition, the terms equal and equitable mean different things, particularly so during divorce negotiations.Consider assets such as the marital home, vacation residences and rental properties. What is their true value?...

Football Defensive line

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...

Saving Coins in a Jar

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...

Physician thinking about how to plan his finances and loans

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...

Physician thinking about how to plan his finances and loans

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...

Physician thinking about how to plan her finances and loans

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...

Business Partners Shaking Hands

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...

Couple organizing finances

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...

Recent Medical School Grad, thinking about how to pay off student loans

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,...

Person Reviewing Financial Graphs

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...

Couple going over finances and planning for the future

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...

bear and bull on the stock market

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...

two men negotiating a business decision

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...

Woman in a business meeting

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...

concerned man looking out the window

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.

Couple meeting with a financial advisor

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...

Man playing dominos

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...

Person walking through the ocean

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...

Paper family cut in half with stethoscope and heart

Financial Planning

Health Insurance and Divorce: How Will One Affect the Other?

During marriage, it's common for one spouse to maintain health coverage for the entire family through his or her group health insurance plan at work. After a divorce, coverage for the...

Multi Generational Family walking together in the fall

Insurance

Life Insurance and Life: How Your Needs Change

Your need for life insurance change as your life changes. When you're young, you typically have less need for life insurance, but that changes as you work and marry, your family...

Insurance

Modern Retirement: Potential Areas of Trouble

Given the unique characteristics of every family, conducting a detailed retirement feasibility study is imperative as anyone nears retirement. While a detailed examination of personal financial circumstances is crucial, the...

Multi generational Family

Estate Planning

Designating Your Life Insurance Beneficiaries

Beneficiary planning is an integral part of estate planning, as life insurance, IRAs and annuities do not pass through a will but directly to the named beneficiaries. This type of planning,...

Senior couple with man in wheelchair

Insurance

Let’s Talk About the Future

Thanks to medical science, what we’ve learned about taking care of ourselves, and perhaps old-fashioned evolution, people are living longer. It has spawned an entirely new concern for us humans: how...

Retired Couple Sitting on a Bench

Insurance

Everything You Wanted to Know About Medicare… But Maybe Didn’t Know to Ask

If you are about to turn 65, your healthcare coverage — at least your primary coverage — will be provided by the U.S. government through a plan called Medicare. The following...

Do you need travel insurance

Insurance

Do You Need Travel Insurance?

Soon you'll be on your way, taking that trip you've looked forward to for ages--but suppose something happens. If you get sick, lose your suitcase, or have to cut your trip...

Couple Reviewing Finances with their Advisor

Insurance

Should You Keep Paying Your Life Insurance Premiums?

Buying a life insurance policy is often a one-and-done transaction. That is, unlike the counsel of your financial advisor who works with you on an ongoing basis, buying life insurance from...

Life Insurance

Insurance

Cash Value Life Insurance

Cash value, or permanent, life insurance is life insurance that is designed to be kept until your death — whenever that may be. What are the benefits of this type of...

Estate and Protection Planning

Estate Planning

Estate and Protection Planning: Don’t Fall Victim to These Common Pitfalls

It's ironic that one of the most impactful — and costly — components of a well-executed financial plan pertains to benefits the owner will likely not live to enjoy. However, anyone...

Retaining employees

Business Owners

You Can Attract and Retain Key Employees

If you have ever run a closely held business or worked with senior executives at a large corporation, you know key executives and employees are the lifeblood of an organization. Good...

Protect loved ones with disability insurance

Insurance

Guard What You Have and Those You Love: Disability Insurance

Business owners and their employees meticulously plan for retirement because they consider it an achievement, but some fail to plan for death or disability. Although it can be uncomfortable to think...

Family sitting in their front yard

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...

Elderly Couple Sitting on a Bench

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...

Woman standing by the ocean

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...

Elderly man worried about whether he has good insurance coverage

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...

Businessmen walking in the rain

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...

Man meeting with this financial advisor

Investment Management

Investing: It’s About More than Returns

While the private client industry has evolved significantly over the last two decades, traditional commission selling still exists, buying and selling investments for clients and charging a commission for each transaction....

Cryptocurrencies

Investment Management

Should You Invest in Cryptocurrencies?

Because of volatility, extreme movements in terms of value, cryptocurrencies represent more risk than most investors want in their portfolios. But like many investment options, there are nuances that deserve examination.

Investment Management

Gains are a Good Thing. So Why Rebalance My Portfolio?

Determining a strategic asset allocation within a portfolio is arguably the most important aspect of managing your investments. However sticking with that allocation and consistently placing trades — buys and sells...

Balancing Act - Walking over a gorge on a tightrope

Investment Management

Risk Tolerance: How Much Investment Risk Can You Take?

Investing is not supposed to give you ulcers. It should be your way of building wealth in order to help achieve your financial objectives. Still, it’s natural to get nervous about...

Glass Globe with Diversification Charts

Investment Management

The Benefits of a Globally Diversified Portfolio Approach

HBKS believes that a globally diversified portfolio that utilizes alternatives provides for the highest probability of success in meeting our clients' investment goals.

Advisors Reviewing Graphs and Charts for Financial Planning

Investment Management

Behavioral Insights

Research — and there’s plenty of it — suggests a gap between what investors want from a financial advisor and what a financial advisor should provide. Both sides want the same...

Hedge Fund Definition

Investment Management

Hedge Funds

In terms of most investments, hedge funds are a relatively new idea. Still they've been around for almost 70 years and have proven a viable option for investors looking to diversify...

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...

Group of people trying to cross a busy street

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...

Business people shaking hands

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...

Businessman thinking about the future

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...

Adding water to a coffee pot

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...

bear and bull on the stock market

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...

Market Commentary

Recessions are a Normal Part of the Business Cycle

After 10 years of substantial expansion, the global economy began to stall in the middle of 2018. Now more than a year later, global growth continues at a slower pace.

Balancing Rocks

Market Commentary

Fears of an Impending Recession Are Overblown

Global stock markets surged higher in June, pushing the All-Country World Index (ACWI) up 16.2 percent for the first half of 2019. This performance occurred as global economic growth continued to...

Financial Graph

Market Commentary

Outlook for Economic Growth Brightens

For most of the first quarter of 2019, many economists were pessimistic about the prospects for global economic growth the rest of the year. Concern was mounting that global growth would...

Stock Chart

Market Commentary

Thoughts on the Vanguard Market Call

Global investment powerhouse Vanguard sharply cut the expected returns for U.S. stocks in the next decade. If the forecast proves to be accurate, the implications could be significant for retirement-plan sponsors,...

Digital Pathways

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...

TurningOverto

Market Commentary

HBKS 2019 Market and Economic Outlook

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

Stock market volatility with ticker

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...

Stock Market Trends

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...

a vote pin and an American flag

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...

IndiciesImage

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...

Bull and Bear

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.

Trade Chart

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...

Worried Financial Advisor

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...

Womanputtinghercredit cardinformationinthecomputer

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....

People going over graphs

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...

paper design

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.

Man Playing Jenga

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...

Retirement Planning

Pension Myths: Common Misconceptions About Pension Plans

To a great extent defined benefit plans, most of which are more commonly known as pension plans, have fallen out of favor. As of 2017, only 16 percent of Fortune 500...

Insurance

Modern Retirement: Potential Areas of Trouble

Given the unique characteristics of every family, conducting a detailed retirement feasibility study is imperative as anyone nears retirement. While a detailed examination of personal financial circumstances is crucial, the...

Retirement Planning

Annuities and Retirement Planning

You may have heard that IRAs and employer-sponsored plans (e.g., 401(k)s) are the best ways to invest for retirement. That’s true for many people, but what if you’ve maxed out your...

Retirement Planning

When You’re 65: Things to Consider When You’re Heading into Your Retirement

Most people who make it to 65 wonder how they got there so quickly. John Lennon said, "life is what happens when your busy making other plans." If you did most...

Dad Helping daughters with homework, thinking about saving for retirement and college

Financial Planning

Your Retirement, Your Children’s Education: Let’s Do the Math

If you're a young couple with children, you’re tasked with at least two major savings initiatives: your retirement and your kids’ educations. Both require early and smart planning.

Financial Planning

Widowed? Divorced? Social Security Benefits Await You

The Social Security Act was voted into law in 1935. Over the years, it has been amended frequently and today's law includes many provisions with which many Americans are unfamiliar. One...

Retired Couple Sitting on a Bench

Insurance

Everything You Wanted to Know About Medicare… But Maybe Didn’t Know to Ask

If you are about to turn 65, your healthcare coverage — at least your primary coverage — will be provided by the U.S. government through a plan called Medicare. The following...

Social Security Card

Retirement Planning

Is Your Social Security Payment Accurate?

Even Social Security can make a mistake. While errors are rare, it is important to check the mathematics and confirm the amounts on your social security checks are accurate.

Kids learning in school

Financial Planning

Saving for Retirement and a Child’s Education at the Same Time

You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two? The truth is, saving for...

A couple sitting on the lake enjoying retirement.

Retirement Planning

Retiring Early? A Healthcare Subsidy Could Help

If you're thinking about retiring early, that is, before age 65, but losing your healthcare coverage plan is giving you pause, there might be a solution for you. Under the current...

HikingCouple

Retirement Planning

Planning for Retirement: What Income Replacement Rate Will I Need?

The transition from retirement saver to retirement spender can be overwhelming. A life spent earning income, deferring taxes and accumulating invested assets quickly changes to life on a fixed income —...

Growing Savings

Retirement Planning

Let’s Talk About Your Employer-Sponsored 401(k): Roth or Traditional?

When the time comes to retire, you want to be comfortable with your financial situation. Choosing to save for retirement is easy; however, choosing how to save can be difficult. You...

(k),PensionandRetirementNestEggs

Retirement Planning

Congress Intends to Modernize Retirement Plan Rules

Congress is considering sweeping legislation to modify – or modernize – the rules for IRS qualified retirement plans, as recently both the House Ways & Means and Senate Finance Committees advanced...

Retirement Savings Jar and Time Clock

Financial Planning

Retirement Help for Age-Gap Couples You Might Not Know About

Making decisions about your retirement can be involved – and even more complex when there is a substantial age gap between you and your spouse. Substantially different retirement dates complicate such...

Couple Retirement Planning

Retirement Planning

The Roths: 401(k) vs. Roth IRA. Which is better?

Roth 401(k) plans and Roth IRAs are similar retirement plans in that both are funded by after-tax dollars, that is, income you’ve already paid taxes on. They also both offer qualified...

Stock Chart

Market Commentary

Thoughts on the Vanguard Market Call

Global investment powerhouse Vanguard sharply cut the expected returns for U.S. stocks in the next decade. If the forecast proves to be accurate, the implications could be significant for retirement-plan sponsors,...

ToDoList

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...

Paperworkandcalculator,planninga(k)

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...

Elderly Couple Holding Hands and Walking on the Beach

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...

Tax forms and calculator tapes

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 documents

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...

Elderly Couple Holding Hands and Walking on the Beach

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....

Saving Coins in a Jar

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...

The Ocean

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...

Man Overlooking a Cliff

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...