240 South Pineapple Avenue, Suite 200  Sarasota, Florida  34236

You can find reports from our Investment and Research team, timely and informative financial planning topics from our Wealth Management team, and deeper dives on various important topics in our white papers from any team member. Read online, share with friends, or download for your convenience.

It is that time of year again! Your IRS tax forms will be available online and/or mailed to you over the next few months.  Online posting dates occur about five days prior to mailing dates. If you do not currently have online access and would like to take advantage of this tool, we encourage you to contact our office (941-365-3745) so we can assist you.  

Chart Two Data Sets

Most economic data come in two forms, hard data and soft data. Hard data measures actual economic performance, while soft data represents participant expectations. The chart above displays the year-over-year change in Industrial Production (the hard data), along with the ISM Manufacturing PMI (the soft data). As shown, a sharp divergence has recently emerged between the two data sets. Of note, the precipitous decline in survey data does not coincide with a concurrent decline in industrial production. This decline in expectations makes sense given current manufacturing headwinds, such as major trade disputes, a slowing housing market, a government shutdown, and numerous other geopolitical risks. However, these headwinds have yet to flow through to the actual economic data. Make no mistake, the two data sets will converge at some point. Whether they converge due to soft data rebounding or hard data declining will tell a lot about future economic activity.

For those unable to join us for Allegiant’s Quarterly Market Update at Selby Gardens on January 17, 2019, we had the pleasure of hearing a presentation from Commonwealth Financial Network’s Chief Investment Officer, Brad McMillan CFA®, CAIA, MAI. Brad is a frequent commentator on financial markets, U.S. economic policy, and the global economy for a range of media outlets, including the Wall Street Journal, CNBC, CNN International, Barron’s, and Bloomberg News. 

Brad’s presentation, entitled “Beyond the Numbers,” covered a broad range of topics. He examined recent stock market performance and the current state of, and outlook for, the U.S. economy.

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Today, balancing family obligations, career paths, and financial concerns are responsibilities often shared by those who also find themselves caring for aging parents and adult children. The Allegiant Private Advisors team examines how to manage this balancing act in a new article published online at SarasotaMagazine.com. 

Are you part of the Sandwich Generation? Click here to learn more

Chart Trucking Trends

For the past several years, trucking data has been a good indicator of the strength of U.S. economic activity. In particular, shipping volumes provide tremendous insight into both the manufacturing and industrial sectors. In a typical economic expansion, shipping volumes rise as businesses order additional supplies and send more finished products to their end markets. That trend is certainly true for much of the current economic expansion. However, shipment volume growth has weakened sharper during the second half of 2018 than previous years. This is another sign pointing to the possibility for slower U.S. growth going forward. However, slower growth does not necessarily mean no growth, or contraction. It will be important to see where shipping volumes go from here, as they are a good indicator for future economic growth. 

Chart Housing Market Dynamics

More than a decade since the housing bubble burst, the negative impacts are still permeating the U.S. economy. Although U.S. housing data has looked strong for the last few years, the recent negative impacts from tariffs, rising labor costs, and commodity price inflation are challenging the stability of the market. Prices of new construction are moving higher, putting pressure on demand. More importantly, rising mortgage rates have significantly impacted affordability, which has also slowed demand. Together, this has led to fairly weak housing data over the last 6 months. As evident by the chart above, the monthly supply of new homes moved significantly higher in the back half of 2018. This quick move higher is starting to impact builders’ confidence and a slowdown of new construction could be on the horizon. However, it’s possible only a short-term slowdown is necessary to rebalance supply and demand. With mortgage rates declining rather significantly over the last few weeks, we will be watching the impact increased affordability has on sales and price activity. 

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As we welcome the New Year, it’s a natural time to look forward. We all look forward to achieving goals - to be a better friend, to lose weight, or commit to achieving lingering professional goals. We look forward to a fresh start, a clean slate, and an opportunity to do and be better.  

The New Year is also a great time to review your finances with fresh eyes. Wealth Advisor Melissa Walsh, CFP®, CFA, recently authored an article on SarasotaMagazine.com suggesting five steps as a starting point if you are resolving to get your financial house in order in 2019. 

Click here to read the complete article.

APA Vorndran 3x4HI RGBAllegiant Private Advisors is pleased to announce that Kristina Vorndran, CFP®, has earned the CERTIFIED FINANCIAL PLANNER™ certification. 

We’re proud of Kristina’s continued focus on professional development and pleased to also announce her promotion from Wealth Advisor Assistant to the position of Paraplanner. With Kristina’s recent CFP® achievement, Allegiant Private Advisors boasts eight professionals who have earned the CERTIFIED FINANCIAL PLANNER™ certification, all serving client families through the firm’s unique team approach to customized wealth management. The CERTIFIED FINANCIAL PLANNER™ certification is an important designation which verifies rigorous professional standards in addition to principles of integrity, objectivity, competence, fairness, confidentiality, professionalism, and diligence on behalf of clients. 

Click here to learn more about Kristina, including her passion for academics and love of auto motorsports racing

APA Nicholas 3x4HI RGBAllegiant Private Advisors has named Portfolio Manager Luke Nicholas, CFA, CFP®, a Principal. 

Luke, who started with the firm in 2013 and previously served as research analyst, will continue to serve Allegiant client families in his current role as Portfolio Manager. 

Our unique team approach to customized wealth management is rooted in hiring and retaining the very best talent. With our steadfast commitment to personalized, fiduciary-level guidance and concierge-level service as the firm continues to grow, we’re fortunate to have Luke join the ranks of Principal at Allegiant. 

Click here to learn more about Luke’s professional experience

Am I taking the best approach in my business? Am I making the right investment decisions? What am I not thinking about that I should be thinking about?

These are some of the common questions that individuals and business owners often ask themselves. However, many of the most successful people in life have someone who they lean on as a “thinking partner” to talk through difficult situations, from pivotal business decisions to the run-of-the-mill things that life throws at us. What most people don’t realize is the value of that relationship and how it can have an exponential impact on how their lives turn out.