Your Finances Took a Hit From the Pandemic. Here’s What You Do Now.

Even if your finances took a hit during the pandemic, there are steps you can take to right the ship. Donna Trainor, CFP, CFA, senior associate at Homrich Berg, discusses how preparing your finances for tax season is one of the most important steps to take in Ron Lieber’s NYT piece.

Homrich Berg Named to Barron’s 2021 Top 100 RIA Firms

Homrich Berg is proud to announce being named to the Barron’s Magazine 2021 list of America’s Top 100 RIA Firms. HB is #41 on this list of the top independent firms in the country based on their proprietary ranking criteria, which include some new criteria: technology spending, staff diversity, and succession planning. Here is a link to the full article.

Slower Growth in Q3 Due to Delta Variant and Supply Chain Shortages

CIO Stephanie Lang, CFA joining Bloomberg BNN to talk about today’s CPI data, and other risks to the market. The good news? Watch the segment to hear what she has to say.

The Fed is ‘Easing Back on the Gas Pedal’ with Tapering: Analyst

The Fed may want to taper through the end of this year as they look to the future for potential interest rate hikes. Hear what Ross Bramwell, CFA, principal at Homrich Berg, has to say about end-of-year economic outlook and whether or not current inflation is transitory. Click the link to the video here.

 

About Homrich Berg

Founded in 1989, Atlanta-based Homrich Berg is a national independent wealth management firm that provides fiduciary, fee-only investment management and financial planning services, serving as the leader of the financial team for our clients, including high-net-worth individuals, families, and not-for-profits. Homrich Berg manages over $10 billion for more than 2,000 family relationships nationwide.

HB Named to Atlanta Business Chronicle’s 2021 Best Places to Work List

We are proud to announce that we made Atlanta Business Chronicle’s 2021 Best Places to Work List.

Check out our careers page to see just why HB is the best place to work!

Stock Market Turns Cautious as ‘Defensive’ Shares Surge

Despite signs pointing to an economic cooldown, CIO Stephanie Lang, CFA feels investors will continue to buy the dip and move markets forward. Read what she has to say on the recent trend toward defensive stocks in The Wall Street Journal.

About Homrich Berg

Founded in 1989, Atlanta-based Homrich Berg is a national independent wealth management firm that provides fiduciary, fee-only investment management and financial planning services, serving as the leader of the financial team for our clients, including high-net-worth individuals, families, and not-for-profits. Homrich Berg manages over $10 billion for more than 2,000 family relationships nationwide.

An Alternative Fund Solution for RIAs

Private alts are a great way for investors and advisors to add diversity to a portfolio as public markets have narrowed over the years. Check out what our approach is in this Nasdaq article.

Strong U.S. Job Gains Will Likely Push Up Fed Tapering: Strategist

“We really like to have a barbell strategy where you have some of the cyclical growth names like financials, but then have a barbell with tech names that are more secular growers.” CIO Stephanie Lang, CFA offers insight into economic outlook heading into the fall as volatility picks up, watch here.

Bonds “Stink.” Do They Still Have a Place in Client Portfolios?

Is the 60/40 allocation a thing of the past? Stephanie Lang, CIO, explains how we’re looking at alternatives and other ways to diversify from typical bond exposure in Barron’s.

 

About Homrich Berg

Founded in 1989, Atlanta-based Homrich Berg is a national independent wealth management firm that provides fiduciary, fee-only investment management and financial planning services, serving as the leader of the financial team for our clients, including high-net-worth individuals, families, and not-for-profits. Homrich Berg manages over $10 billion for more than 2,000 family relationships nationwide.

Building Your Financial Team Roster: How to Navigate the New NIL Rule by Adding the Right Advisor to Your Team

By: Joshua Vaughan, CFP®

08/06/21

A recent ruling by the U.S. Supreme Court has opened the door for amateur athletes to make money from their name, image, and likeness (NIL) for the first time. Athletes in both men’s and women’s sports have begun announcing deals in multiple arenas including creating NFT’s (non-fungible token), social media marketing, promoting local restaurant and gyms, and endorsing national brands. The financial opportunities will continue to grow as both companies and athletes navigate this new terrain. With these opportunities, however, comes a new responsibility for athletes that has not been part of the equation previously…”I can now make money, what should I do next?” The answer is to build a solid support system to help navigate your financial future. This starts with having a financial advisor as part of your team.

The burden of making big financial decisions is not something an athlete, or any person, should handle alone. A good advisor will be well-versed on most financial matters and can help the athlete navigate these tough decisions. In our opinion, the advisor should be independent—one that does not work for financial institution offering a limited menu of proprietary or brokered products and strategies—they can help the athlete find “best of breed” solutions no matter who provides them.  Additionally, we believe that the advisor should be “fee only”—that’s a legal term that essentially means that the advisor does not accept commission on the products they recommend so they are objective and do not face obvious conflicts of interest in providing their advice. These items are of pivotal importance on the front end of an athlete’s earning career as building good habits (saving, controlling spending, investing, managing risks, planning for taxes, etc.) will propel them toward a better future. The advisor should collaborate with an athlete on these items and help them create a plan in conjunction with their goals to establish a strong financial foundation.

The truth is, not every athlete will become wealthy based on the NIL ruling alone. And, unfortunately, many that do may not invest in themselves with a long-term view in mind.  Most athletes will have a second career after their athletic careers are completed. The ruling does, however, present a great opportunity to jump start an athlete’s financial future and open new network/career opportunities. Those that manage their money and opportunities wisely, will be in a better position to succeed. Having a good advisor to help along the way can make a big difference!

About Homrich Berg

Founded in 1989, Atlanta-based Homrich Berg is a national independent wealth management firm that provides fiduciary, fee-only investment management and financial planning services, serving as the leader of the financial team for our clients, including high-net-worth individuals, families, and not-for-profits. Homrich Berg manages over $10 billion for more than 2,000 family relationships nationwide.

Disclaimer:  The content of this presentation represents the opinions of Homrich Berg regarding these educational topics and should not be interpreted as direct investment advice or marketing of HB services. Investing involves risks including loss of principal. This document does not constitute legal, tax accounting or investment advice. This discussion includes our opinions and forward-looking thoughts as of August, 2021 and is not a guarantee of future results.