Skip to main content

Check out our 4Q2023 Market Review and Investment Outlook for 2024

Turn Knowledge Into Action written on a board with a business man on background 1

Just Do Something

Photo of author, Brian Gongaware, CFP®, SE-AWMA™.
Brian Gongaware, CFP®, SE-AWMA™
Director of Advisory Services

As humans we feel compelled to take action when faced with a stressful situation. It is our impulse to want to change the situation, surroundings, or potential outcomes. While understandable, this instinct to do something, anything, can be dangerous and destructive in the long-term. By taking some Smart Actions, it can be easier to control unhelpful impulses and improve the probability of long-term success.

During the early weeks of the COVID-19 pandemic, we hosted a series of webinars for our clients, friends, and family. In addition to providing economic and investment insights, we highlighted numerous Smart Actions we identified or were enacting for our clients.

Each of these strategies should be discussed with your advisor, but in the right circumstances, we are seeing great success by helping our clients take the following Smart Actions:

Smart Actions for Accumulators
We define Accumulators as clients that systematically are saving and investing as they continue to acquire more capital and/or financial resources.

Accumulators Smart Actions


Smart Actions for Business Owners and Executives
Business Owners and Executives have a series of decisions to make to sustain and develop the enterprise. Various federal programs and other considerations make these decisions even more complex today.

Business Owner Smart Actions


Smart Actions for Distributors
We think of distributors as those who are living off their capital by withdrawing up to 4% of their financial resources. As a result, their dependence on income and stability of the portfolio is a factor in managing the return and risk of a portfolio.

Distributors Smart Actions


Certainly, the Smart Actions above are not an all-encompassing list. However, they do represent many of the most common actions we have taken with clients. As previously stated, a discussion with your advisor is critical to determining the right course of action for you. Our financial advisors are well-versed in the unique challenges faced by our wealth management clients, and we have helped thousands of clients navigate uncertain times.

To watch the full webinar “Investment Strategies and Smart Actions to Consider”, please click here.

Related Insights
I Stock 823660872 JAB Blog FINAL

New U.S. Law Mandates Reporting of Beneficial Owners

Since 1990, the Financial Crimes Enforcement Network (FinCEN) has been a bureau of the U.S. Department of the Treasury. They are tasked with promoting national security and safeguarding our financial system by combatting financial crimes like money laundering and terrorist financing.

As of January 1, 2024, FinCEN has been given a new responsibility. Under the Corporate Transparency Act of 2021, FinCEN is now collecting required reports from U.S. companies that identify their beneficial owners and detail information. Is your business or entity one that is now required to report beneficial owners? Learn more.

Read More
I Stock 1475288298 copy 800px

Women Investors: Take Advantage of Financial Opportunities in Every Decade of Your Life

Women face unique financial challenges throughout their lives: the gender pay gap, taking time off work for caregiving, and having a longer life expectancy, to name a few. Each stage of life presents a different set of financial considerations and decisions — and getting them correct is important to living your "good life". Learn more.


Read More
Steedle Blog Image FINAL

Any Life Transition Can Be Handled If You Have This

Transitions — life is FULL of them. They can be planned or unexpected, but they are always "side-steps" in your journey of life. Which means, the way you handle them dictates if a transition becomes a mere speed bump to navigate or, conversely, an abyss that will swallow you if you allow it. What's the best asset to have to ensure your success with transition? Find out!

Read More
Play