1st Quarter Report

WWK Update

April

1st Quarter Market Review

The 1st Quarter provided positive results for the majority of Equity Markets. The Equity Markets were led by international stocks with the MSCI EAFE posting 4.88% and the MSCI EM posting 2.24%. The US Markets also posted positive results with the S&P 500 0.95%.

The results for the fixed income markets were mixed. The US Markets posted positive results with the Barcap Aggregate Bond 1.61%. Conversely, the Barcap Global Aggregate posted -1.92% return for the quarter. However, the EM Composite Bond Index posted 2.32% return.

Regardless of the types of security, the one constant for the quarter was the continued return of volatility to the financial markets. We expect to see this trend continue.

PIMCO UPDATE

More than 40 funds across PIMCO continued to have positive inflows during November, including income, enhanced equity, short-term, investment grade credit, alternatives and emerging markets.

In addition, to date no investment professional has left PIMCO as a result of the CIO Bill Gross transition. Since the transition has taken place there have been several new key portfolio management appointments.

PIMCO has proudly stated that they have recently seen a revival in investment talent returning to the firm, which are energized by the opportunities presented by PIMCO's new leadership structure and by the teamwork across their more than 2,400 employees worldwide.

PIMCO has released an update that can be found here. Please know that we are also available to answer any questions that you may have as well.

529 Benefits Go Beyond College Savings

The 529 Plans are the most generous tax provision ever passed by Congress. A couple can give $140,000.00 to a student's 529 without recipients occurring any tax on that sum, and it takes that amount out of the estate. This benefit is equal to five years of a couples tax-free gifting allotment of $28,000.00 per year.

WWK is dedicated to staying on top of information pertaining to 529 plans because of its benefits from a tax-perspective as well as the benefit of decreasing student debt burdens.

Interested in more information about 529 Tax Planning? Click on this article here or contact WWK to talk to one of their financial representatives today.

529 ABLE

There's a new vehicle on the horizon for taxpayers caring for disabled children. There was a law signed into effect expanding the tax code to create tax advantaged accounts for disabled persons. There will be a limit of $14,000 that individuals can contribute during the taxable year. However, the distributions that individuals take for qualified disability expenses will not be included in their gross income, which is a significant tax benefit.

Perhaps the biggest benefit to the 529 ABLE account is that the money held in one is exempt from the $2,000.00 limit on personal assets for individuals who wish to qualify for public benefits.

The most consistent question being asked is: What is the benefit of this type of plan versus a Special Needs Trust? The 529 ABLE plan will be tax free. On the other hand, there are limits enforced such as a $100,000 cap and the reasons for the fund distributions. Therefore, it might be beneficial to include both a Special Needs Trust and a 529 ABLE into planning for disabled beneficiaries. For more information on this new area in 529 Planning - click here to read the article .

Additionally, Jessica Haelewyn is an employee of WWK and also has a separate law firm Haelewyn Harris Law PLLC. Through her law firm she can answer questions regarding the ever-changing legal world dealing with disabled individuals and estate planning. Please contact her at [email protected] for any questions pertaining to the legal aspect of these situations.

2015

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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.

Neither WWK Advisors, LLC nor WWK Investments, Inc. offer tax or legal advice. Jessica Haelewyn is an attorney licensed with the State of Michigan and the State of Illinois. She is also an employee of WWK Advisors, LLC and WWK Investments, Inc. However, Jessica Haelewyn does not provide any legal services through WWK Investments, Inc. nor WWK Advisors, LLC. Any and all legal services that Jessica Haelewyn offers are provided through Haelewyn Harris Law PLLC, a completely separate business entity that is not affiliated with WWK Investments, Inc. or WWK Advisors, LLC. Jessica Haelewyn is fully committed to meeting and maintaining all ethical, professional and fiduciary standards and responsibilities for each respective field of practice.