Monthly Archives: June 2017

Thoughts from Willis | Revamped Website

We are pleased to announce the launch of our revamped website! We are always looking for ways to improve and give you a better experience by providing the best service. We revamped our website with you in mind. At Willis Johnson & Associates, it’s important to us that we deliver high-quality and personalized service to you not only when we meet but also online through our website and social media updates. It’s important to us to help guide and educate our clients in order to make better financial decisions that are important to you, your family, and your future. 

 

Our goal with this enhanced look is to provide our clients and visitors a simpler way to learn about Willis Johnson & Associates’ financial planning and asset management services. We understand that, being a corporate professional, sometimes there’s never enough hours in a day and you just want to get to the point. With our new interactive website, it’s that easy. 

 

You can select which stage YOU are at in the ARC of LIFE: 40’s, 50’s, 60’s, or 70’s. Then, you determine which category you would like to focus on: Retirement Planning, Investment Planning, Estate and Charitable Planning, Insurance and Liability Planning, or Education Planning. At each stage in the ARC of LIFE, there are common planning categories, and the issues addressed in each category are driven by your stage. Click here to check it out.

Arc of Life - Our Planning Process Ages

We carry the same theme throughout our website focusing on which stage YOU are at in the ARC of LIFE. We understand that, as a corporate professional, you may have questions or concerns about your employee benefits and how you can maximize all that your company has to offer in the most tax-efficient manner while you’re still working, perhaps. Well, we made a page for you that highlights Employee Benefits Expertise and you can select a stage that may fit your current situation. 

 

Or, you may be a corporate professional that is nearing retirement, you may have goals that you want to accomplish with your family prior to retirement, or you may be confused on how to handle estate plans because, frankly, poorly developed estate plans can sometimes leave a nasty mess. You’ll want to establish a well-defined financial roadmap, but maybe you’re unsure how to develop a plan to reach those specific goals. Well, we created a page called Financial Planning Insight just for you. At each stage of life, there are planning opportunities that, if missed, could have a detrimental impact later in life. Whether it’s planning for retirement, college, or the next generations, we take the time to understand our client’s current situations and establish a path to guide them through life’s journey.

CONTINUOUSLYPLANNING

We believe that the emotional elements of your life play a vital role in designing and implementing a thorough financial plan. We pride ourselves on our ability to listen and identify the motivating factors behind each of your goals. WJA’s mission is to counsel you and provide realistic solutions. We customized an Emotional Elements page that depicts various financial situations in different stages in the ARC of LIFE. Whether it’s caring for elderly parents, paying for college, or paying for a wedding, we are here to continuously plan and help make your dreams and needs a reality.

Arc of Life - Our Planning Process

 

Arc of Life - Our Planning Process Line

Arc of Life - Our Planning Process Investment Planning

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amongst the new features, the site contains integrated social media buttons for LinkedIn, Facebook, and Twitter to foster improved communication with our clients. We will be constantly updating our content with educational information, blog posts, upcoming events which include webinars and seminars, and WJA announcements.

 

We hope you like the changes and we also wish to establish this portal as a source of information for you.

 

Thank you, 

Willis Johnson & Associates

Financial Fact | President Trump Promotes the Weakening of the U.S. Dollar

Do You Know that President Donald Trump Has Recently Been Promoting the Weakening of the U.S. Dollar?\

As we know, President Trump’s emphasis during the campaign has been to bring back U.S. manufacturing jobs, which have left many rural areas that have made up the core of his constituency. One way he has suggested to do this is to weaken the U.S. dollar.  We have seen in recent years the U.S. dollar strengthen against two major reserve currencies, the Euro and the Yen, as both Japan and the European Union engaged in Quantitative easing. A stronger dollar makes imported goods less expensive and travel to overseas cheaper. Anybody who has traveled to Europe in the last few years has reaped the benefits of a stronger dollar.

 

On the other hand, a stronger dollar is not good for certain segments of the economy. Goods exported from the U.S. become more expensive when the dollar is stronger, and this hurts manufacturers who sell their products overseas.  A weakened dollar will make these goods cheaper in foreign markets and increases foreign demand for U.S. manufactured goods. Making the case for a weaker U.S. dollar supports President Trump’s goal of increasing U.S. manufacturing and jobs associated with them. The weakening dollar is a leg of President Trump’s plan, in addition to penalties and tariffs for companies that outsource production, to encourage the domestic manufacturing and hiring in that arena. It will be interesting to note how currency exchange rates play a role in the new administration’s economic negotiations going forward.  


Jason Mishaw, Associate Wealth Managers,Jason Mishaw, MSF

 

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As an associate wealth manager at Willis Johnson & Associates, Jason Mishaw is actively involved in both the Financial Planning role and the Investment Management role. On the financial planning side, he helps to implement customized financial plans for WJA clients. On the Investment Management side, under the supervision of a Senior Wealth Manager, he assesses the financial goals of WJA clients and assists in creating a customized strategy to further those goals.

 

Jason received a Master of Science in Finance at the University of Houston C.T. Bauer College of Business, a B.A. in economics and a B.S. in biochemistry and cell biology from Rice University.


Willis Johnson & Associates is a registered investment advisor. Information presented is for educational purposes only. It should not be considered specific investment advice, does not take into consideration your specific situation, and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment strategies. Investments involve risk and are not guaranteed. Be sure to consult with a qualified financial advisor and/or tax professional before implementing any strategy discussed herein. Insurance products and services are offered or sold through individually licensed and appointed agents in various jurisdictions. 

What Nick’s Reading | Who is going to be there for you if your advisor retires?

Does your financial advisor have a succession plan?

 

Your financial advisor has most likely done quite a bit of planning for you. It’s one of the big things we do. We plan. Despite the fact that they are in the planning industry, they may not have a plan for themselves. And, that lack of planning might not be good for you either.

 

Advisor Group, one of the largest conglomerates of independent broker-dealers in the industry, asked their affiliated network of advisors if they had a documented succession plan. Eighty-two percent of financial advisors responded with no, they did not have a plan. Financial Planning magazine suspects that “countless firm founders are still paralyzed when it comes to appointing an heir apparent.” Not only do advisors not have a plan, but many of them are not doing anything about it.

 

Knowing whether your financial advisor has a succession plan should be critically important in your decision. After you have invested the time and energy, it is important to know who is going to be there for you in your golden years.

What Nick's Reading - Does your financial advisor have a succession

 

 

Is your advisor the same age as you or older?

 

This issue is compounded when reviewing advisor demographics. The Certified Financial Planner Board of Standards shows that 49% of CFPs are age 50 and older. A study by Cerulli Associates in 2013 indicated the average age of advisors to be 50.9 years of age, with 43% of advisors being age 55 or above. (Also, the Cerulli study is now four years old!) So not only do most advisors not have a backup plan, but many of them are likely to start retiring in the near-term.

What Nick's Reading - financial advisor succession plan

 

These two data points should jump out as a chief concern for anyone utilizing financial advisory services! If you already have an advisor or are evaluating firms, you should be asking questions about who is going to be there for you when your advisor retires or can no longer provide the quality advice that you need.

 

Who is going to be there for you if your advisor retires?

 

One of the things we emphasize at Willis Johnson & Associates is our team-based approach. Every client of ours gets two members on their team, a senior advisor, and a support advisor. With our approach, there is more than one person intimately familiar with each client’s financial situation. We support our team of wealth managers by investing heavily in continuing education and training to ensure that every client receives the quality service and experience that they deserve. We understand life can throw a couple of curveballs and that is why it is critical for financial advisors to have a business continuity plan for when they can’t be there for you.

 


nick

 Nick Johnson, CFA®, CFP®

 

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Nick Johnson believes that financial planning is more than numbers on a balance sheet and a standardized process. People are unique and should be treated as such. 

 

As Vice President and Wealth Manager at Willis Johnson & Associates, his goal is to really get to know his clients, all the while providing a proactive approach to comprehensive wealth management.


Willis Johnson & Associates is a registered investment advisor. This material is intended for informational purposes only and should only be relied upon when coordinated with individual professional advice. Please speak to an investment professional before implementing any advice here. Willis Johnson & Associates does not provide tax or legal advice.

 

Market Update | The Markets (as of market close May 31, 2017)

May provided a bumpy ride for investors. However, by the end of the month, each of the indexes listed here posted monthly gains with the exception of the Russell 2000, which lost over 2.0%. Technology shares continued to climb as the Nasdaq climbed 2.50% in May over April and has risen over 15% since the start of the year. Despite terrorist attacks, mundane oil prices, a rocky first quarter in Washington, and a slowdown in economic growth, U.S. stocks closed the month in positive territory, spurred by generally favorable quarterly corporate earnings reports. May saw the Dow and S&P 500 post monthly gains for the second consecutive month, while the Nasdaq increased in value for the seventh month in a row. Long-term bond prices rose in May over April, evidenced by the falling yield on 10-year Treasuries.

 

By the close of trading on May 31, the price of crude (WTI) was $48.63 per barrel, down from the April 28 price of $49.19 per barrel. The national average retail regular gasoline price was $2.406 per gallon on the last day of May, down from the May 1 selling price of $2.411 but $0.138 more than a year ago. The price of gold increased by the end of May, closing at $1,271.40 on the last trading day of the month, up from its April 28 price of $1,269.50…Click for the full update. 

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