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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.

Lynda FranklinIt’s hard to believe but July 25th was my 10-year anniversary with Allegiant Private Advisors, an accomplishment I’m blessed and proud to reach.  I look forward to celebrating many more years.

I am one of three APA team members who was born and raised in Sarasota. You’ll probably find out who the others are when they write their bio a little later, I’m sure!  I also share the same birthday as another team member; not the same year, though. Unfortunately, I’m old enough to be their mother!

I grew up during a quieter, less populated time in Sarasota with no idea what ‘little Sarasota’ would become.  I used to ride my horse along McIntosh when it was a dirt road.  As a matter of fact, our horses were stabled at a pasture off Bahia Vista that is now a subdivision I reside in.  In the 70s, I rode western saddle and competed professionally in the Central Florida Horseman’s Association circuit for a year on a beautiful dun (buckskin) quarter horse our family owned named Taffy. Along with approximately 100 trophies and ribbons I won that year I also won Champion in Western Pleasure and Reserve Champion in Western Horsemanship.  It was an incredible experience I cherish. 

After graduating from Sarasota High School, I attended an accounting class at what is now called Suncoast Technical College, thinking I was going to become an accountant. I was working at the courthouse as a felony division clerk at that time and became interested in law, so I took a paralegal class at MCC, now State College of Florida. However, life had a different path in mind for me.  So over the years, though I’ve done many things, the professional field and people-facing jobs have been my calling. 

APA Jones 3x4LOAllegiant Private Advisors, an independent firm in Sarasota, Fla., today announces that its Chief Investment Officer Benjamin W. Jones, CFP®, AIF®, has been named to the Forbes’ Top 1,000 Next-Generation Wealth Advisors list for 2018. The list is published on Forbes.com.

Jones has been managing assets for private individuals, families, and charitable organizations for over a decade. As a Principal and Chief Investment Officer of Allegiant Private Advisors, he leads the firm’s Investment Committee. Jones is responsible for establishing the firm’s overall investment strategy, security selection, portfolio management, and oversees research activities. 

Wayne Bloom, CEO of Commonwealth Financial Network®, Allegiant Private Advisors’ Registered Investment Adviser–broker/dealer, said, “Congratulations to Ben Jones on being recognized by Forbes. This vibrant advisor brings new ideas and fresh perspectives to the industry and represents the next generation of independent advice for investors. We are proud to see Ben recognized, feel fortunate to have Allegiant Private Advisors as part of the Commonwealth community, and remain committed to serving this growing practice with the intuitive, integrated technology, tools, and resources that drive productivity and keep their business client forward.”

As mentioned in previous editions of our weekly charts, the current trade dispute has massive implications for both China and the U.S.; however, to this point, much of the tit for tat retaliation has been in the form of tariffs on the opposing country’s imports.

The chart below displays the portion of unemployed people who voluntarily left their previous job. As can be seen in the chart, a declining trend usually coincides with an economic downturn (the gray bars indicate recessions). This is due to the fact that during economic downturns, individuals know that other employers are likely not hiring, so they hold on to the job that they have. On the other side of the coin, an upward trend can be viewed as a positive sign of confidence in the job market, as workers feel confident enough in the economy to quit their job and pursue higher quality employment.

In an upcoming IMF working paper entitled “Global Market Power and Its Macroeconomic Implications,” the authors discuss the negative implications of the rise of corporate giants. As the graph below shows, the average markups on goods and services in advanced economies, which has accelerated over the past decade, has increased by 43% since the 1980s vs. only about 5% in less developed economies. This concentration of market power has several negative implications. 

Chart of the Week: Home Affordability

The chart above compares median household income relative to the income needed to purchase a median-priced home. A higher reading means that homes are more affordable, while a lower reading indicates that it is more difficult for Americans to keep up with housing costs. As one would expect, in the late 2000s at the height of the housing bubble, home buyer affordability was at a record low. In the years that followed, affordability skyrocketed as real estate prices crashed. Now, a decade removed from the depths of the housing crisis, real estate prices have rebounded, and affordability is once again falling. 

It seems that every American generation since the baby boomers have adopted the same complaint at some point in their working career. It is typically something along the lines of, “My generation will be the first one to pay into Social Security and never be able to draw a check from it.” While generations in the past have all successfully recouped the money that they paid into the system, this complaint now seems to be becoming more of a reality.

White Paper by Luke Nicholas, CFA Portfolio Manager

While the 1960s will always be remembered for free love and peace signs, the ‘80s for bad hair and the ‘90s for the rise of the personal computer – the 2010s may very well be remembered for something far different – record low interest rates. Low interest rates have impacted consumers and financial markets in a myriad of ways over the past decade. I will review some of those impacts, re-introduce the now famous acronym TINA and discuss whether this low interest rate era may finally be coming to an end.

Click here to view the complete white paper. 

 

With home values up significantly from what they were a decade ago, many people are considering selling their homes. This a perfect opportunity for us to remind potential sellers that this doesn’t mean the tax savings accumulated over the years will be lost, but only if purchasing a new primary home within two years’ time. Florida’s Save Our Homes provision allows the ability to carry accrued property tax savings from one piece of property to another, up to $500,000. This is what the State of Florida refers to as “portability.”