Special Announcement

Words From Withers

A monthly market snapshot for discerning investors.

January 2017

Please join us in welcoming James MacDonald as our new team member.

We have been fortunate enough to pilfer him from Harvard University where he was working in Energy Analytics.

In addition to his work in energy he does hold a CFA (Certified Financial Analyst) and has a background in risk analytics and portfolio management.

Here are some of his Linkedin CV notes:

Portfolio Management, Asset Management, Procurement, Hedging Strategy, Basis, Technical Analysis
Quantitative risk models and concepts for Market Risk measurement and management
CFA charterholder since November 2013
Chartered FRM since January 2014
Advanced Excel/VBA modeling, proficient in Java, SQL, R and Python

So while we certainly will be bugging him about energy dynamics (an area that I see providing a great deal of investment opportunity over the next few years), we will absolutely be counting on him as a team member to build our expertise in the area of portfolio analysis and management. The goal, obviously being, to improve our performance for you, our clients.

Feel free to call him or bug him to say "hello". You can even ask him why he might be crazy enough to work with me ;-).

Regardless, we look forward to having him aboard and I guarantee the ride will be fun.

James@mswfp.com

781-319-0098 x.15

All the best,

Tim

Disclosures:

S&P 500 An index of 500 stocks chosen for market size, liquidity, and industry grouping, among other factors. The S&P 500 is designed to be a leading indicator of U.S. equities and it meant to reflect the risk/return characteristics of the large cap universe.

Dollar cost averaging does not assure a profit and does not protect against a loss in declining markets. This strategy involves continuous investing; you should consider your financial ability to continue purchases no matter how prices fluctuate.

"Asset allocation does not protect against loss of principal due to market fluctuations. It is a method used to help manage investment risk."

The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000 is a subset of the Russell 3000® Index representing approximately 10% of the total market capitalization of that index. It includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership.

Dow - The Dow Jones Industrial Average is a popular indicator of the stock market based on the average closing prices of 30 active U.S. stocks representative of the overall economy.

FactSet Earnings Insight February 6, 2016 edition was used for information contained in the Micro Section of this newsletter.

Rebalancing assets can have tax consequences. If you sell assets in a taxable account you may have to pay tax on any gain resulting from the sale. Please consult your tax tax advisor.

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. MSW Financial Group is a member firm of PartnersFinancial. Kestra IS and Kestra AS is not affiliated with MSW Financial Group or PartnersFinancial.

The above links are provided for your information only. As they are provided by third parties, Kestra Investment Services, LLC (Kestra IS) does not endorse, nor accept any responsibility for the content. Kestra IS does not independently verify this information, nor do we guarantee its accuracy or completeness.

The material is for informational purposes only. It represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events or a guarantee of future results. It is not guaranteed by Kestra Investment Services, LLC for accuracy, does not purport to be complete and is not intended to be used as a primary basis for investment decisions. It should also not be construed as advice meeting the particular investment needs of any investor. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security.

The indices mentioned are unmanaged and cannot be directly invested into. Past performance does not guarantee future results. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the US stock market.

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