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Happy Summer!
This issue of PWP Perspectives includes a look back as we review the first and second quarters in the markets, a look forward with the LPL Research Midyear Outlook 2017, a spotlight on insurance and risk management, and information about the DOL ruling.
As always, we welcome your questions and comments - we are here to serve you!

 1Q in Review

 Good data and policy hope lead to stock market strength

 

 

 



2Q in Review

Higher equity prices amid historically low volatility  
The economic forecasts set forth in these presentations may not develop as predicted and there can be no guarantee that the strategies promoted will be successful.  Stocks and bonds strategies involve risks including the loss of principal.  Alternative investment strategies carry a higher degree of risk.
Here are several key themes, focused on how the change in market leadership may shift through year-end and beyond:
  • Monetary policy: Slow path to normalization. Maintaining economic growth without extraordinary central bank support will be key.
  • Business fundamentals: Now taking control. A focus on well-run businesses with the potential for earnings gains may favor active management.
  • Economic growth: Confidence not enough, yet. Business and consumer confidence has improved, but greater policy clarity may be needed to spur growth.
  • Fiscal policy: Pro-growth potential, but when? Fiscal policy support remains likely, but the timetable may be pushed back to 2018.
If you have any questions about your portfolio, please don't hesitate to ask. 
We are happy to discuss with you at any time! 
 
   
Quarterly Spotlight: 
Risk Management

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Health Insurance in Retirement
At any age, health care is a priority. When you retire, however, you will probably focus more on health care than ever before.
By providing liability protection above and beyond the basic coverage that homeowners/renters and auto insurance policies offer, ULI can protect you against the catastrophic losses that can occur if you are sued.

Current Trends in Cybercrime
 Preventing Credit Card Fraud
An overview of current cybersecurity trends and steps you can take to help protect your identity and personal accounts.

While it is easy to become the victim of credit card fraud, there are many simple ways to protect yourself against this loss.

Requesting a Copy of Your Credit Report
Equities, even when at new all-time highs, have historically offered long-term opportunity for investors.  Bottom line, don't let those headlines about all-time highs scare you and keep you from investing to pursue your long-term financial goals.

Retirement Environment Index 2017
A holistic ranking of the attractiveness of each U.S. state as a retirement destination. States are evaluated on six key factors, each with its own supporting metrics, to evaluate overall desirability for retirement. Read on to see if you agree with the findings!
 

 LPL Statement Redesign!
  Our Commitment
Your LPL Statement is getting a redesign in the coming months.  Read the Q&A for more information.
  Or go paperless with Account View  
                                                                                                                      
 

"I touched the Moon, 4.5 billion years old in space."

 

The book From Melon Fields to Moon Rocks: The Adventurous Life of Biochemist and Entrepreneur Charles W. Gehrke is of special interest to us as Dr. Gehrke was our own Sue Isaacson's father! He was a fascinating and influential character, but more importantly a man dedicated to his family.  We hope you love the book as much as we do! 
 
Sue and her brother at the book launch with their neighbor back from their days growing up in Columbia, MO
  • You may have seen the recent Department of Labor Fiduciary Ruling in the news.  This new regulation is being implemented in phases, with the first phase taking effect June 9, 2017.
  •  A significant part of the ruling puts in place a "fiduciary" versus a "suitability" standard of care for retirement accounts.  In simple terms this means advising clients of the best choice for them and disclosing any conflicts of interest.
  •  As a Registered Investment Adviser (RIA), we already adhere to the fiduciary standard, always putting your interests above our own.
  •  We will be in touch with you if this ruling impacts your retirement accounts directly. 
 
As always if you have any questions, please ask!


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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.