The Capabilities of Foley and Foley Wealth Strategies
-
Upload
lukefields1 -
Category
Documents
-
view
128 -
download
0
description
Transcript of The Capabilities of Foley and Foley Wealth Strategies
Kevin P. Foley, ChFC®, CLU®
Luke A. Fields, Financial Advisor
450 W Wilson Bridge Rd
Suite 100
Worthington, OH 43085
614-431-4310
877-854-0936
www.foleywealthstrategies.comFoley & Foley Wealth Strategies is independent of Raymond JamesSecurities offered through Raymond James Financial Services, Inc.Member FINRA/SIPC
RAYMOND JAMESINDIVIDUAL SOLUTIONS FROM INDEPENDENT ADVISORS
What Makes Us Unique?
Our Process
Your Wealth Strategy Team
OVERVIEW
Our Mission
To provide comprehensive, experienced advice to build, manage and preserve
the wealth of our clients.
Our Approach
Since 1981, we have served our clients with a consultative, team-based
approach that examines all aspects of their financial lives. We put our clients’
interests above our own or those of our firm.
Our Objective
To accomplish our mission profitably, while giving back
to our community.
What Makes Us Unique?
Our Financial Approach: Three Stages
Financial Planning
Portfolio Portfolio ConstructionConstruction
Analyze, Communicate and
Educate
Stage 1: Financial Planning
Analyze
Develop
Implement
Monitor
Define Goals,
Financial and Life
Asset Allocation
Diversification
Manager Selection
Portfolio Construction
Monitor and
Rebalance
A Disciplined Process
This process is a
dynamic, team-based
endeavor.
To be most effective
it should include the
client, relevant
members of his or
her family, our team,
select Raymond
James specialists and
outside professionals
where appropriate.
OVERVIEW Our Process
AnalyzeIn order to choose the proper wealth strategy of investments and services for your family, it is important for us to understand not only your current assets, but more importantly to understand you. We use a variety of tools including questionnaires and interviews to understand your personal goals, current financial situation, investment experience and risk tolerance.
DevelopOur team analyzes the information you share with us and designs solutions intended to help you reach your objectives. This step may involve collaboration with other specialists or your existing professionals. We present our recommendations to you, answer your questions, consider alternatives and outline the steps we need to take to implement your plan.
Implement In this step, we execute your customized strategy using the extensive tools available to us through Raymond James. This involves the selection of specific account types, investment products and optional services; we then complete the necessary paperwork in a coordinated approach.
MonitorOne of our strengths is portfolio management. We daily monitor our clients’ investments and research economic trends. A key to this step is your involvement in the process and communication of any significant changes in your life. Through regular, periodic meetings with you, we will analyze the progress of your plan, and as needed, reposition the portfolio to reach your goals.
Step 1: Analyze
Communication is the key to a successful
investment management relationship.
Discover “How much is enough?”
Define your Goals Understand your:
Current Assets and Insurance Risk Tolerance Tax Implications Estate Planning
B
ASeek to Fully
Understand Where
You Are Now
Clarify and Plan
Where You
Want To Go
Step 2: Develop Strategy
Our success consists of developing a strategy focused on
financial planning, proper asset allocation and risk.
Investment Proposal Asset Allocation Diversification
Income Needs Insurance Strategy Tax Strategy Estate Planning Coordination with Key
Advisors
Every decision we make will be thoroughly explained and focused on
achieving the results you want.
Step 3: Implement
One of our strengths is Portfolio Management.
Proper Implementation Selection of best investment managers Due Diligence Research
Raymond James Industry Analysts
Step 4: Monitor
Continuous Monitoring Portfolio Progress Adjustment for life and market changes Regular Face to Face Reviews
We thoroughly monitor our clients’ investments
and research economic trends.
Significant life events such as retirement and wealth transfer are complex and require careful planning.
Individual investors have historically underperformed relevant benchmarks and institutional investors.
Emotional factors and natural biases lead individual investors to poor market timing decisions.
Why Hire a Professional Financial Advisor?
Past performance is no guarantee of future results. Source: AllianceBernstein Investments. © 2006 DALBAR, Inc. This information is for illustrative purposes and seeks to demonstrate the virtues of a buy-and-hold strategy rather than trying to time the market. The calculations assume a $10,000 initial investment over the specified time period
from 1984 through 2006.
11.9%
9.7%
1.8%3.0%
3.9%
Lehman Aggregate
BondIndex
AverageBondFund
Investor
AverageStockFund
Investor
InflationS&P 500
Individual Investors Have Underperformed
Annualized Returns 1984-2006
Additional Chart Disclosures
• The fact that buy-and-hold has been a successful strategy in the past does not guarantee that it will continue to be successful in the future.
• The average (equity and fixed income) investor refers to the universe of all (equity or fixed income) mutual fund investors whose actions and financial results are restated to represent a single investor. Average (equity and fixed) investor returns are represented by a change in assets, excluding sales charges, redemptions and exchanges.
• This method of calculation captures realized and unrealized capital gains, dividends, interest, trading costs, sales charges, fees, expenses and any other costs.
• Equity performance is represented by the Standard & Poor's 500 Composite Index (an unmanaged index of 500 widely held stocks). Fixed Income performance is represented by the Lehman Brothers Aggregate Bond Index (an index which measures changes in the fixed rate debt issues rated investment grade or higher. The aggregate index is comprised of the government/corporate, the mortgage-backed securities and the asset-backed securities indices).
• Inflation rate represents the monthly value of the consumer price index and is converted to a monthly rate. The monthly rates are used to compound a "return" for the period under consideration.
• An investor cannot invest directly in an index. Index returns do not reflect the deduction of fees, trading costs or other expenses.
Source: Investment Company Institute. The categories listed above, Equity and Fixed Income, represent those funds categorized as such by the Investment Company Institute.
There is no assurance that past trends will continue into the future.
Investors Tend to Chase Investment Returns
Net flows by broad investment categories at major inflection points in the market.
Result:Many Investors Buy High and Sell Low
2000 2002
Stock Funds Stock FundsBond Funds Bond Funds($ billions)
$140.50$262.80
-$29.10
($ billions)
-$49.90
The Market: Brutal Declines amid Long-Term Rise
Past performance does not guarantee future results. No fees or expenses are reflected in the performance of the index. An investor cannot invest directly in an index, and an index’s results are not indicative of any specific investment.Source: Compustat; Roger G. Ibbotson and Rex A. Sinquefield, “Stocks, Bonds, Bills, and Inflation: Year-by-Year Historical Returns,” University of Chicago Press Journal of Business (January 1976); and Bernstein Global Wealth Management
Growth of$100,000
$55.0 mil.
(15)%(30)%
(17)%
(43)%
(29)%
(16)%
(22)%
(15)%
(41)%
(15)%
50 59 68 77 87 96 05
Source: AllianceBernstein Investments. 2005 Survey of Financial Advisors on Asset Allocation
The Most Detrimental Investor Mistakes
Not paying enough attention to asset allocation 33%
Having too much money in one
investment16%
Buying overvalued investments
8%
Other1%
Holding on to investments too long
11%
Trying to time the market31%
Institutions: A Disciplined Process
THE RESULT:
Institutional investors generally stick to their investment plans,
which may give them a better chance at meeting goals.
Institutions: A Disciplined Process
Analyze
Develop
Implement
Monitor
Define Goals,
Financial and Life
Asset Allocation
Diversification
Manager Selection
Portfolio Construction
Monitor and
Rebalance
Source: Brinson, Beebower and associates, “Determinants of Portfolio Performance,” 1986, updated 1991 and 1995. Asset allocation does not ensure a profit or protect against a loss.
Stock Selection 4.6%
Why Asset Allocation Matters?
Factors in Portfolio Volatility
Asset Allocation Decisions
91.5%
Market Timing 1.8%
Other 2.1%
Asset Allocation Can Help Manage Risk
Index Descriptions
Our Financial Approach: Three Stages
Financial Planning
Portfolio Portfolio ConstructionConstruction
Analyze, Communicate and
Educate
Stage 2: Portfolio Development
A Disciplined Approach to Building and Preserving Wealth
Step 1: Diversify Across Asset Classes Blend Growth and Value Invest in Large and Small Company Stocks Tangible Assets: REITs and Commodities
Step 2: Globalize the Portfolio
Step 3: Rebalance Portfolio
Step 4: Tax Management
Every Investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Investing involves risk
and you may incur a profit or loss regardless of strategy selected. This material is not a recommendation to buy or sell any individual security or any combination of securities.
Be sure to contact a qualified professional regarding your particular situation before making any investment.
U.S. Stocks
(29.2)%
(42.7)
(14.2)
(17.2)
(29.6)
(14.7)
(13.4)
(40.9)
(25.2)%
2.2%
4.6
1.5
21.7
2.3
5.2
4.7
36.5
9.8%
Dec 68–Jun 70
Jan 73–Sep 74
Jan 77–Feb 78
Dec 80–Jul 82
Sep 87–Nov 87
Jun 90–Oct 90
May 98–Aug 98
Apr 00–Mar 03
AveragePast performance does not guarantee future results. U.S. stocks are represented by the S&P 500 Index with monthly dividends reinvested. Bonds are represented by five-year U.S. Treasury bonds. Treasury securities provide fixed rates of return as well as principal guarantees if held to maturity. Investment returns and principal value of a mutual fund will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. No fees or expenses are reflected in the performance of the index. An investor cannot invest directly in an index, and an index’s results are not indicative of any specific investment.Source: Center for Research in Security Prices, Standard & Poor’s
U.S. Bonds
The Benefit of Low Correlation
Past performance does not guarantee future results. Diversification does not assure a profit or protect against a loss in a declining market. Correlation with the stock market is a measure of the standard deviation of various benchmarks to the Russell 3000, a common measure of the performance of the broad U.S. stock market. The indexes used to represent each asset class were: U.S. Growth Stocks: Russell 3000 Growth Index; U.S. Value Stocks: Russell 3000 Value Index; U.S. Small-Cap Stocks: Russell 2000 Index; International Stocks: MSCI EAFE Index; REITs: National Association of Real Estate Investment Trusts (NAREIT) Index; Intermediate-Term Bonds: Lehman Brothers Aggregate Bond Index; Short-Term Bonds: Merrill Lynch 1-3 Year Treasury Index. Cash: Citigroup 3-Month Treasury-Bill. T-Bills provide fixed rates of return as well as principal guarantees if held to maturity.Source: Zephyr Style Advisor, Russell Investment Group, Lehman Brothers, Merrill Lynch, MSCI, NAREIT and AllianceBernstein December 31, 2007
US Growth
International
US Value
Short-Term Bonds
REITs
No Correlation 0
High Correlation 1.0
1985–2007
US Small-Cap
Intermediate-Term Bonds
High Yield
Diversify Across Asset Classes
The Power of Diversification
A
B
A and B
12%
10%
11%
Average Annual Return
(26)%
30
2
50%
(10)
20
Year 2Year 1
$100
Year 1 Year 2
$111
A $117
B
$122
A and B
Source: AllianceBernstein. Diversification does not assure a profit or protect against a loss in a declining market. This is a hypothetical example.
Portfolio Development
A Disciplined Approach to Building and Preserving Wealth
Step 1: Diversify Across Asset Classes Blend Growth and Value Invest in Large and Small Company Stocks Tangible Assets: REITs and Commodities
Step 2: Globalize the Portfolio
Step 3: Rebalance Portfolio
Step 4: Tax Management
Every Investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Investing involves risk
and you may incur a profit or loss regardless of strategy selected. This material is not a recommendation to buy or sell any individual security or any combination of securities.
Be sure to contact a qualified professional regarding your particular situation before making any investment.
Past performance does not guarantee future results. The chart above shows the average annual historical return of investments in “growth” stocks, as represented by the Russell 3000 Growth Index, and “value” stocks, as represented by the Russell 3000 Value Index. These returns do not include fees and expenses associated with an investment in a mutual fund. An investor cannot invest directly in an index, and its results are not indicative of any specific investment, including any Alliance Bernstein mutual fund. Please see end of presentation for index definitions. Source: Russell Investment Group and Alliance Bernstein
Blend Growth and Value
Annualized Returns
Value Stocks
Growth Stocks
80 81–88 89–91 92–93 94–99
00–06
59%71%
79%90%
12-Months 3-Year 5-Year 10-Year
Past performance does not guarantee future results.Rolling periods are measured from January 1, 1970 through December 31, 2006The 50/50 growth and value composite is a hypothetical composite comprising 50% of the Citigroup/PMI Growth Index and 50% of the Citigroup/PMI Value Index. The 50/50 portfolio is rebalanced monthly, as necessary, to maintain its growth and value proportions; transaction charges for rebalancing are not taken into account An investor cannot invest directly in an index, and its results are not indicative of any specific investment. Please see end of presentation for index definitions.Source: Citigroup, Fama/French, Standard & Poor’s and AllianceBernstein
Blending Styles Adds Consistency% of Time Rebalanced 50/50 Blend Outperformed the
S&P 5001970–2006
Rolling Periods
Observations432 409 385 325
Portfolio Development
A Disciplined Approach to Building and Preserving Wealth
Step 1: Diversify Across Asset Classes Blend Growth and Value Invest in Large and Small Company Stocks Tangible Assets: REITs and Commodities
Step 2: Globalize the Portfolio
Step 3: Rebalance Portfolio
Step 4: Tax Management
Every Investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Investing involves risk
and you may incur a profit or loss regardless of strategy selected. This material is not a recommendation to buy or sell any individual security or any combination of securities.
Be sure to contact a qualified professional regarding your particular situation before making any investment.
•Past performance is no guarantee of future results. • An investment cannot be made directly in an index. • Hypothetical value of $1 invested at the beginning of 1980. Assumes reinvestment of income and no transaction costs or taxes. This is for illustrative purposes only and not indicative of any investment. • Source: Created by Raymond James using Ibbotson Presentation Materials ©2009 Morningstar, Inc. All rights reserved. Used with permission.
Large and Small Company Investing
Hypothetical value of $1 invested at year-end 1968. Assumes reinvestment of income and no transaction costs or taxes.
Year-End 1980 – 2008$100
10
1
0.60
1980 1985 1990 1995 2000 2005
$41.28
$26.56
$8.51
$6.82
13.7%12.07.76.8
Compound Annual Return Small Value Large Value Large Growth Small Growth
Portfolio Development
A Disciplined Approach to Building and Preserving Wealth
Step 1: Diversify Across Asset Classes Blend Growth and Value Invest in Large and Small Company Stocks Tangible Assets: REITs and Commodities
Step 2: Globalize the Portfolio
Step 3: Rebalance Portfolio
Step 4: Tax Management
Every Investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Investing involves risk
and you may incur a profit or loss regardless of strategy selected. This material is not a recommendation to buy or sell any individual security or any combination of securities.
Be sure to contact a qualified professional regarding your particular situation before making any investment.
Past performance is no guarantee of future results. • An investment cannot be made directly in an index. • Hypothetical value of $1 invested at the beginning of 1980. Assumes reinvestment of income and no transaction costs or taxes. This is for illustrative purposes only and not indicative of any investment. • Source: Created by Raymond James using Ibbotson Presentation Materials ©2009 Morningstar, Inc. All rights reserved. Used with permission.
Stocks, Commodities, REITs and Gold
Hypothetical value of $1 invested at year-end 1985. Assumes reinvestment of income and no transaction costs or taxes.
$100
0.50
1
1980
10
1985 1995 2000
$1.66
$19.30
$13.94
$6.39
$14.65
20051990
10.7%9.79.56.61.8
Compound Annual Return
U.S. Stocks REITs International Stocks Commodities Gold
1980 – 2008
Past performance is no guarantee of future results.Source: Morningstar, Inc. as of 9/30/06. Correlation is a measure of the degree to which two variables are related. Commodities are represented by the GSCI. US stocks, real estate, international stocks, bonds and cash are represented by the S&P 500, MSCI US REIT Index, MSCI EAFE Index, Lehman Brothers Aggregate Bond Index and the 3-month Treasury bill, respectively.It is not possible to invest directly in an index. Index returns assume reinvestment of all distributions and do not reflect the expenses, fees or taxes of managing a mutual fund.
Commodities in a Portfolio
Total return correlation 9/30/96 to 9/30/061.00
-0.02 -0.03
0.03
-0.08
0.01
-0.2
0.0
0.2
0.4
0.6
0.8
1.0
Commodities US Stocks Real Estate(REITs)
InternationalStocks
Bonds Cash
A figure of 1.0 equals perfect positive correlation. A figure of -1.0 equals a total negative correlation.
Historically Low Correlation with Other Asset Classes
Performance is historical and does not guarantee future results. The graph above is for illustrative purposes only and does not represent the performance or risk of any DWS product. Source: Morningstar, Inc., as of 12/31/05. Stocks and bonds are represented by the S&P 500 Index and the Lehman Brothers Aggregate Bond Index, respectively. Commodities are represented by the Goldman Sachs Commodities Index. The indices include reinvestment of all distributions and do not reflect the fees, taxes or expenses involved in managing a mutual fund. It is not possible to invest directly in an index.
Commodities in a Hypothetical Portfolio
Performed Well When Interest Rates Increased, 12/31/75-12/31/05
20.6%
15.2%
11.5%13.4%
2.4%
7.3%
0%
5%
10%
15%
20%
25%
Years when interest rates declined Years when interest rates increase
CommoditiesStocksBonds
Portfolio Development
A Disciplined Approach to Building and Preserving Wealth
Step 1: Diversify Across Asset Classes Blend Growth and Value Invest in Large and Small Company Stocks Tangible Assets: REITs and Commodities
Step 2: Globalize the Portfolio
Step 3: Rebalance Portfolio
Step 4: Tax Management
Every Investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Investing involves risk
and you may incur a profit or loss regardless of strategy selected. This material is not a recommendation to buy or sell any individual security or any combination of securities.
Be sure to contact a qualified professional regarding your particular situation before making any investment.
1970
34%
66%
2006
55%45%
2030*
27%
73%
Non-U.S. companies account for a growing share of the global market
The Case for Global Investing
Source: Standard & Poor’s; Morgan Stanley Capital International. U.S. companies represented by of the S&P 500® Index.1Non-U.S. companies represented by of the MSCI EAFE®1 Index. Index performance is hypothetical and is shown for illustrative purposes only. You cannot invest directly in an index.
*Projected data for the year 2030 are calculated using the rate of growth since 1970.
Non U.S. Companies U.S. Companies
Past performance does not guarantee future results. Diversification does not guarantee a profit or protect against a loss.
Through December 31, 2006 US Stocks are represented by the S&P 500 Index of stocks. Foreign stocks are represented by the MSCI (Morgan Stanley Capital International) EAFE Index. The chart presents various combinations of the US and Foreign Stock components, including the highlighted 70% U.S/30% foreign combination. Volatility is defined as the annualized standard deviation of portfolio returns for the period from 1970 to 2006. An investor cannot invest directly in an index, and its results are not indicative of any specific investment. Source: MSCI, Standard & Poor’s and AllianceBernstein
Historical Risk/Return of Global Portfolios
13
14
15
16
17
0 10 20 30 40 50 60 70 80 90 100
1970−2006
% in international stocks
Lower volatility
Volatility (%)
International
StocksBonds
US
Style BlendBalanced Wealth Asset Allocation
The above is a hypothetical illustration only and is not intended to represent any particular investment. The asset allocation that is right for each individual will vary.
Geographic Mix
Multiple Levels of Diversification
Global Diversification
30% Int'l
70% US
50%Growth
50%Value
50%Growth
50%Value
Portfolio Development
A Disciplined Approach to Building and Preserving Wealth
Step 1: Diversify Across Asset Classes Blend Growth and Value Invest in Large and Small Company Stocks Tangible Assets: REITs and Commodities
Step 2: Globalize the Portfolio
Step 3: Rebalance Portfolio
Step 4: Tax Management
Every Investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Investing involves risk
and you may incur a profit or loss regardless of strategy selected. This material is not a recommendation to buy or sell any individual security or any combination of securities.
Be sure to contact a qualified professional regarding your particular situation before making any investment.
This art is for illustrative purposes only and not indicative of any investment. • An investment cannot be made directly in an index.Past performance is no guarantee of future results. March 1, 2006 • Source: Created by Raymond James using Ibbotson Presentation Materials © 2006 Ibbotson Associates, Inc. All rights reserved. Used with permission.
Stocks: 50% large- and 50% small-company stocks. Bonds: intermediate-term government bonds.
Importance of Rebalancing, 1988-2008
50%
50%
53%
47%
67%
33%
67%
33%
58%
42%
0
10
20
30
40
50
60
70% • Stock Allocation• Bond Allocation
2003 2008199819931988Year End
Disciplined Rebalancing: Buy Low and Sell High
As an asset class/style outperforms, trim investment
Buy
Upper trigger
Underperform
Strategic target
Outperform
Sell
Lower triggerAs an asset class/style underperforms,
add to investment
Portfolio Development
A Disciplined Approach to Building and Preserving Wealth
Step 1: Diversify Across Asset Classes Blend Growth and Value Invest in Large and Small Company Stocks Tangible Assets: REITs and Commodities
Step 2: Globalize the Portfolio
Step 3: Rebalance Portfolio
Step 4: Tax Management
Every Investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Investing involves risk
and you may incur a profit or loss regardless of strategy selected. This material is not a recommendation to buy or sell any individual security or any combination of securities.
Be sure to contact a qualified professional regarding your particular situation before making any investment.
Portfolio Development
Tax-Management Techniques
AllianceBernstein L.P. does not provide tax advice. In considering this message, you should discuss your individual circumstances with your tax advisor before making any decisions.
BasicBasic Own Municipal Bonds, not Taxable Keep turnover low Avoid short-term gains Harvest losses to offset gains on stocks and bonds
AdvancedAdvanced Track holdings by tax lot Sell individual tax lots with the least tax cost Avoid wash sales
Potential Added Return from Tax Management
Avoiding Short-Term
Gains
Delaying Long-Term
Gains
+77 b.p.
+55 b.p.
+22 b.p.
Total Potential Added Return From Tax-Savvy Investing
Past performance does not guarantee future results.Based on a simulation of after-tax returns (assuming 2007 tax rates) over nearly three decades for a portfolio using Bernstein Global Wealth Management's actual research for the relevant period and current portfolio management techniques for Bernstein’s Strategic Value portfolios. This does not represent any past performance and is not a promise of actual future results.Source: AllianceBernstein
The Benefit of Tax Management
Distribution Planning
Applying a systematic and disciplined strategy
for income distribution is vital.
Controllable Consistency of Returns
The volatility of returns Withdrawal Rate
How much to distribute Method of Distribution
Order of which accounts Tax implications
Uncontrollable Sequence of Returns
Order of which returns are earned
Sequence of Returns Matter
Case Study
Investor Jim
Retirement Age 62
Retirement Savings
$2,000,000 Portfolio
Taxable account $1,000,000
Tax-deferred $1,000,000
Desired Income $150,000 (pre-tax) per year adjusted for the previous year’s inflation rate
Time Period 20 years (1983-02)
Illustrates the impact of the timing of returns.
Investment Portfolio 100% large cap equities (S&P 500 index)
Sequence of Returns Matter
Returns in actual order 1983-2002
Returns in Reverse order 2002-1983
Portfolio Start Value $2,000,000 $2,000,000
Total Income 20 years $4,259,829 $2,579,988
Average Annual Return 12.71% 12.71%
Standard Deviation 16.91 16.91
Ending Value $8,641,985 $0
Increase in Ending Value
Due to Sequence of Returns
$8,641,985
Hypothetical Portfolio of 100% Large Cap Equities
The investment profile is hypothetical, and the asset allocations are presented only as examples and are not intended as investment advice.Please consult your financial advisor if you have questions about these examples and how they relate to your own financial situation.
Illustrates the impact of the timing of returns.
Foley & Foley Wealth Strategies Process
Financial Planning
Portfolio Portfolio ConstructionConstruction
Analyze, Communicate and Educate
Stage 3: Analyze, Communicate and Educate
Monitor your Financial Plan “Are We on Target?”
Monitor your Investments Review Global Financial Markets Evaluate Managers vs. Peers &
Benchmarks Rebalance Portfolio Maximize After-Tax Returns
Commitment to Communication
Our mission is to provide comprehensive, experienced advice
to build, manage and preserve the wealth of our clients.
Review Meetings Regular, periodic meetings Quarterly Newsletter Regular Emails Personal Notes
Coordination between Key Advisors CPA Estate Attorney
Client Education Client Workshops: Economic and Market Update Analyst Outlook and Insight Appreciation Events
Commitment to Communication
Communication is the key to a successful
investment management relationship.
Kevin P. Foley, ChFC®, CLU® Founder and President, Foley & Foley Wealth Strategies Registered Principal, RJFS 28 years of industry experience, including 11 years with Raymond James Responsible for investment management and business development Enjoys traveling, racquetball and spending time with family and grandkids Coached wrestling for 11 years, from 1997-2008 Kevin is an active member in his church, serving as an Elder
Luke A. Fields Vice President, Foley & Foley Wealth Strategies Financial Advisor, RJFS Responsible for financial planning and investment management BSBA, The Ohio State University, Fisher College of Business Enjoys all athletics, traveling and spending time with his growing family Luke is an active member in his church, serving in Leadership, as an Usher
and on the Finance Committee
Foley & Foley Wealth Strategies
Your Wealth Management Team
Private Money Managers
Alternative Investment Specialist
Insurance Specialists
Corporate Trust Services
Concentrated Stock Specialist
Trading and Research
Private Client and FamilyCPA Attorney
Raymond James
Raymond James Financial Advisors at
OVERVIEW The Raymond James Advantage
• Member of the Fortune 1000
• Total client assets under administration over $214.8 billion*
• Asset management subsidiaries manage in excess of $37.1 billion* of financial assets for individuals, pension plans and municipalities.
• 3,500 support associates located in corporate locations
• Raymond James has more than 2,200 branch locations throughout the United States, Canada and overseas. The firm also maintains an array of affiliated international offices including Paris, Nice, Cannes, Brussels, Buenos Aires, Dusseldorf, Stuttgart, Luxembourg, Geneva, Lausanne, Istanbul and Montevideo.
*As of 12/31/07
Raymond James: A Firm With Substantial Size
Keys to Our Relationship
Our goal: Your 100% satisfaction with the advice and service you receive.
Disclosure
Confidentiality
Communication
Referrals
In order for us to give you our best service, it is critical that you be as forthright as possible, providing us with complete and accurate information.
In disclosing this information, you can be assured that we take stringent measures to protect your privacy.
The success of our long-term relationship, and your long-term investment experience, depends on our maintaining an open, ongoing dialogue.
We will communicate with you regularly, openly and honestly about your financial plan, including fee schedules.
If you have a question or concern about the management of your account, your statement, your fees, or just something you heard from a friend, contact us about it. We are here to help.
We focus the majority of our time on our clients, and we are very selective in building our client base. We depend on our best clients to help us grow and maintain a high-quality practice by introducing us to people just like themselves.
Our Commitment to You
Since 1981, we have remained focused on our clients.
As professional, independent advisors with Raymond James,
our concentration is centered on your best interests.
The world in which we live, especially
the investment world, will constantly change.
Our commitment at Foley & Foley Wealth Strategies will not.
Kevin Foley , ChFC
Principal
614.431.4310 x105
Toll-Free: 877.854.0936
foleywealthstrategies.com
Gayle McKearin
Director of Client Relationships
614.431.4310 x104
Toll-Free: 877.854.0936
Luke Fields
Financial Advisor
614.431.4310 x113
Toll-Free: 877.854.0936
foleywealthstrategies.com
Sandy Farner
Administrative and Service Associate
614.431.4310 x108
Toll-Free: 877.854.0936
Securities offered through
Raymond James Financial Services, Inc., member FINRA/SIPC
Anne Lonsway
Receptionist
614.431.4310
Toll-Free: 877.854.0936
Independent Firm
Compliance Disclosures
Investing in small-cap stocks generally involves greater risks and, therefore, may not be appropriate for every investor.
Please note that international investing involves special risks, including currency fluctuations, different financial accounting standards, and possible political and economic volatility.
U.S. government bonds and Treasury bills are guaranteed by the U.S. government and, if held to maturity, offer a fixed rate of return and guaranteed principal value. U.S. government bonds are issued and guaranteed as to the timely payment of principal and interest by the federal government. Treasury bills are certificates reflecting short-term (less than one year) obligations of the U.S. government.
Standard deviation measures the fluctuation of returns around the arithmetic average return of investment. The higher the standard deviation, the greater the variability (and thus risk) of the investment returns.
Diversification does not ensure a profit or guarantee against a loss.
The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market.
High-yield (below investment grade) bonds are not suitable for all investors. When appropriate, these bonds should only comprise a modest portion of your portfolio.
Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate and complete. Past performance is not a guarantee of future results. Any opinions are those of Kevin Foley and Luke Fields and not necessarily those of RJFS or Raymond James. Expressions of opinion are as of this date and are subject to change without notice. Keep in mind that there is no assurance that any recommendation or strategy will ultimately be successful or profitable not protect against a loss. Investments or strategies discussed may not be suitable for all investors.
Kevin P. Foley, ChFC®, CLU®
Luke A. Fields, Financial Advisor
450 W Wilson Bridge Rd
Suite 100
Worthington, OH 43085
614-431-4310
877-854-0936
www.foleywealthstrategies.comFoley & Foley Wealth Strategies is independent of Raymond JamesSecurities offered through Raymond James Financial Services, Inc.Member FINRA/SIPC
RAYMOND JAMESINDIVIDUAL SOLUTIONS FROM INDEPENDENT ADVISORS