WWK Update

July

Halftime Report - DOW 17,000

Both equity and fixed-income markets continue to provide positive results through the end of the second quarter of 2014. The second quarter results for the equity markets were led by a resurgence in the emerging markets (+6.7%). The U.S. and international markets also posted strong quarterly results up 5.2% and 4.3% respectively.*

The fixed markets also continued to strengthen on the positive results from the first quarter. The Barcap Aggregate Bond Index was up 2.04% for the second quarter (3.93% YTD), while the Barcap Global Aggregate Bond Index provided similar returns - up 2.47% for the second quarter (4.93% YTD).

The Dow Jones Industrial Average crossed 17,000 for the first time days after the quarter end. While we certainly welcome these strong results, we must remember that market pull backs or corrections are a normal part of an investment cycle. This is why it is critical to review your allocation from time-to-time to insure it is appropriately invested.

*Emerging markets represented by the MSCI Emerging Market Index. U.S. equity markets represented by the S&P 500. International equity markets represented by the MSCI EAFE.

Social Security: First Year Rule

If you retire midyear and have already earned more than the annual earnings limit, there is a special rule that may apply to you. Upon retiring, an individual may have the option to use the monthly earnings limit and receive social security benefits for the months in which their income does not exceed the monthly (instead of the annual) limit. For more information on this tricky but invaluable rule, see the following link for access to the article entitled, "The Tricky First Year Rule for Working While Collecting Social Security."

America's Perception of Advisors

In a recent issue of Investment News, the leading provider of news, data, research and events on investing strategies in the financial world, an article was released which indicated that the American Public had a higher and more positive view of the worth of advisors as retirement was looming. The most important traits of good advisors were transparency and trust. For more insight on growing trends in America, see the attached article entitled, "Investors value advisors, especially when retirement is looming."

We strive to exceed the expectations of our clients. How does WWK stack up to the competition? Please feel free to let us know by sending an e-mail to [email protected]. We value your feedback and look forward to addressing any issues or concerns that you may have.

2014

126 North Center Street

Northville, MI 48167

248.449.8300

248.449.8388 fax

www.wwkadvisors.com

www.wwkinvestments.com

[email protected]

Securities are offered through WWK Investments, Inc. - Member: FINRA - SIPC

Investment Advisory Services are offered through WWK Advisors - Registered Investment Advisor

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The information contained in this material is being provided for general educational purposes and should not be interpreted as specific legal, tax or investment advice. It does not address or account for your individual investor circumstances. Investment decisions should always be made based on your specific financial needs and objectives, goals, time horizon and risk tolerance. Consult your tax advisor or attorney regarding tax issues specific to your circumstances.

Investors should carefully consider the investment objectives, risks, charges and expenses of any investment. This and other important information is contained in the prospectuses (links to prospectuses can be found here), which can be obtained from your financial professional and should be read carefully before investing. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity.