December 9, 2015
The Bipartisan Budget Act of 2015 was passed at the beginning of the month. The Act changes the rules surrounding when and how individuals can file for Social Security benefits. These law changes are complex and, given an individual's age and financial situation, will have a unique impact on their Social Security plans. Individuals who are already collecting benefits will not be affected.
Join our webinar, "Social Security 2016 and Beyond: What Does it Mean for You?" on Wednesday, December 9, at 8PM EST. Amanda Lott will discuss with Chris Cordaro Social Security under the new law, who is impacted by these changes, and planning strategies. Please click on the link below to register:
Please feel free to reach out to your Wealth Advisor with any questions you have regarding this law change or your individual plans for Social Security.
The Financial Planning Association of New Jersey (FPANJ) recently awarded RegentAtlantic for Lifetime Achievement.* The award was presented at FPANJ's Fall Conference in late October.
The Lifetime Achievement award is presented to an individual or business that has provided outstanding service to the FPANJ, other professional organizations, and the financial planning community over an extended period. The recipient is recognized for dedication and service to the FPANJ and the financial planning profession.
James Reilly and Jerry Korey from RegentAtlantic with
FPANJ President Bill Stratton
About the FPA of New Jersey and FPA:
Financial Planning Association of New Jersey is part of The Financial Planning Association® (FPA®). FPA connects those who need, support and deliver professional financial planning. FPA believes that everyone is entitled to objective advice from a competent, ethical financial planner to make smart financial decisions. FPA members demonstrate and support a professional commitment to education and a client-centered financial planning process. Working in alliance with academic leaders, legislative and regulatory bodies, financial services firms and consumer interest organizations, FPA is the community that fosters the value of financial planning, and advances the practice and profession of financial planning.
*Important Disclosure Information
FPANJ Lifetime Achievement Award
• The recipient has provided outstanding service to the FPANJ, other professional organizations, and the financial planning community over an extended period.
• The recipient is recognized for dedication and service to the FPANJ and the financial planning profession.
Please note that is award is not an indication of the past or future performance of RegentAtlantic nor is is reflective of any client's experience with the firm. RegentAtlantic did not pay any fee to receive this award.
September 29, 2015
Andy Kapryin, Director of Research, to moderate Panel, Life Beyond Core: Innovative Fixed Income Strategies, on Tuesday, September 29, at Bob Veres’ Insider’s Forum.
Chris Cordaro in the Media, September 1, 2015
On CNBC’s Closing Bell Chris Cordaro, Chief Investment Officer, talked about safety plays in a volatile market.
Brent Beene named to NJBIZ 2015 Forty Under 40 Awards Program
Brent Beene, Managing Partner and Wealth Advisor at RegentAtlantic, has been honored by NJBIZ and named to its 2015 Forty Under 40 awards program. The Forty Under 40 awards program honors men and women under the age of 40 who have been making headlines in their field and who share a commitment to business growth, professional excellence and the community. To qualify, a nominee had to meet selection criteria that included working in New Jersey, possessing significant authority for decision making within a company or organization and being the age of 39 years old or younger on September 28, 2015. Congratulations, Brent!
Important Disclosure Information
The NJBIZ 40 Under 40 is determined by an independent panel of judges that score each nominee on a specific set of criteria: Professional Accomplishments, Leadership, Vision, and community Service. Additionally, nominees:
- Must be employed in New Jersey.
- Must be 39 years old or younger on September 28, 2015.
- May be nominated by self or another person.
- May not be a member of a judge’s immediate family.
- Must be an owner, partner, president, CEO, CFO, COO, board chair, or other senior-level executive or manager.
- Only one individual may be nominated per company.
- May not be a previous Forty Under 40 honoree.
There is no fee to nominated and considered, however, each nominee submits a questionnaire to the panel of judges. In 2015 197 individuals were nominated.
Please note that this an indication of any client’s experience with Brent or RegentAtlantic. Nor is this an indication of Brent or RegentAtlantic’s future performance.
Amanda Lott, Wealth Advisor, on CNBC
Amanda Lott was recently invited to join CNBC’s Senior Personal Finance Correspondent Sharon Epperson to discuss the topic of risk aversion among Millennials and Gen Y. The only woman of three financial advisors interviewed for the special, Amanda shared her insights into the new American dream, financial planning, and one of her specialty areas, Social Security. The feature coincided with Social Security’s 80th Anniversary on August 14, 2015. Links to the CNBC segments here:
Millenial Risk Aversion
Jane Newton Named by Barron’s to America’s Top 100 Women Financial Advisors
Partner and Wealth Advisor, Jane Newton, has been named by Barron’s to America’s Top 100 Women Financial Advisors (June 8, 2015). Each year, Barron’s ranks advisors from around the country through a proprietary scoring system based on qualitative and quantitative criteria. Ranked number 22, Jane is the single advisor in New Jersey who delivers integrated financial advice and investment management on a fee-only basis.
Jane joined RegentAtlantic in 2005. She is the founder of the RegentAtlantic Wall Street Women Forum®, an expanding invitation-only event that helps high-level women on Wall Street advance their careers while addressing both personal and professional issues. The Forum community has more than tripled in the last seven years.
Jane has two sons and lives with her husband in Summit, New Jersey.
Source: Barron’s “Top 100 Women Financial Advisors,” June 8, 2015. Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved.
Important Disclosure Information
The Top 100 Women Financial Advisors ranking system is proprietary to Barron’s. The ranking reflects the volume of assets overseen by the advisors and their teams, revenues generated for the firms and the quality of the advisors' practices as perceived by Barron’s. The scoring system assigns a top score of 100 and rates the rest by comparing them with the winner.
The Barron’s ranking may not be representative of any of Jane Newton’s or RegentAtlantic’s clients' experience with Jane or the firm or any future experience with Jane or the firm.
The Barron’s ranking is not indicative of Jane Newton’s or RegentAtlantic’s future investment performance.
Jane Newton did not pay a fee to participate in the Barron’s rankings, however she completed a survey and provided the information needed to Barron’s to participate in the ranking. Barron's did not disclose the number of advisors who submitted surveys.
Note that the Total Asset ($mil) listed in the Barron’s ranking is the Total Assets ($mil) managed by RegentAtlantic as a firm and not by Jane Newton individually.
RegentAtlantic's study on the impact taxes have on migration out of New Jersey
Last February our firm released an important study titled "Exodus on the Parkway: Are Taxes Driving Wealthy Residents out of New Jersey?" The goal of the study is to encourage a serious and objective dialogue toward addressing the challenges that New Jersey faces.
In conducting the study, RegentAtlantic consulted with former Governors, a former State Treasurer, the former Chairman of the NJ Council of Economic Advisors, a winner of the Noble Prize in Economics, as well as numerous public policy professionals, attorneys, and accountants. Some preliminary findings include:
- The NJ Income Tax System incentivizes high income New Jersey workers to live in Pennsylvania. Over a twenty-five year period a high income wage earner could save $ 1.8 million by living in Pennsylvania compared to living in New Jersey.
- If a New York City resident chooses to purchase an equivalently priced home in Greenwich Connecticut as opposed to in Summit New Jersey, an additional $3.7 million could be accumulated over a thirty year time period by investing the property tax savings.
- Between 2004 and 2008 families with more wealth left New Jersey than migrated to New Jersey. The net loss of wealth to New Jersey was over $ 69 billion. This resulted in the loss of over $ 1.1 billion in net aggregate charitable contributions.
- Trends project that the number of retirees receiving a New Jersey pension may exceed the number of workers contributing to the pension system
The study is available to view online here or for a physical copy of "Exodus on the Parkwasy: Are Taxes Driving Wealthy Residents out of New Jersey?" please email Tyrel Holston at email@example.com
Please remember that RegentAtlantic does not provide legal or tax advice. Please consult with a legal and or tax professional of your choosing prior to implementing any of the strategies discussed in this paper including changing your state of domicile.
The individuals quoted or acknowledged in this paper have not been compensated nor are they endorsing or recommending the services of RegentAtlantic.
Sonneborn Elected President of the Estate Planning Council of Northern New Jersey
Wealth Advisor Jim Sonneborn was voted in as President of the Estate Planning Council of Northern New Jersey (EPCNNJ) this morning at an EPCNNJ breakfast meeting held at the Hyatt Morristown. Sonneborn has been a member of the council for 5 years, most recently holding the position of Vice President- Membership.
The Estate Planning Council of Northern New Jersey is devoted to the continuing education of its outstanding professional members. By understanding more about this common field of study, the better they perform their jobs and serve the public. The council fosters a fraternal membership among its members, and stimulates discussion with the objective of improving their services.