For The Business Owner
Starting a 401(k) for my Business: Why and How
A 401(k) plan can be an excellent tool to invest in your employees. The benefits of a 401(k) are not one-sided and can benefit both the employer and employee. The employee gets the benefit of an additional retirement vehicle to save money, and the employer offers a...
Small Business Succession Planning
The US Small Business Administration’s Office of Advocacy defines small businesses as those with under 500 employees. In aggregate these organizations make up 99.9% of all businesses and employ nearly half of all U.S. employees.[1] Clearly, small businesses play a...
Passing a family business down from generation to generation is not always possible.
Passing a family business down from generation to generation is not always possible. However, most small business owners want to ensure that the firm and culture they have developed over time is preserved well into the future regardless of family involvement. An...
For The Non-Profit
True partnerships.
When we at Duncan Williams Asset Management have the opportunity to work with a nonprofit, it is our intention to form a true partnership. This is notably different from the way many of our competitors operate in the space. Many investment firms are content to have...
Collaboration: The Key for Non-Profit Partnerships
Non-profits must often operate with modest means and resources. Those who work in the non-profit sector are constantly operating with limited resources for effective marketing, outreach, and raising awareness for their cause and potential supporters. However, many...
How a Financial Advising Firm Can Help a Non-Profit
Earlier this year I had the pleasure of attending Momentum Nonprofit Partners’ Conference – it was an insightful event, especially through the lens of someone working in finance. The speaker mentioned the term “bizsplaining”, as an act where financial professionals...
For The Personal Investor
Traditional or Roth 401(k) Contributions: Which One is Right for Me?
Not all 401(k) plans or other employer qualified employer retirement plans allow for participants to make Roth contributions to them, but it seems that this option is becoming more widely available. Lately, I have been getting more and more questions from clients...
A peek at investing in a Trump or Biden economy.
As November 3rd is fast approaching, we seem to be fielding more and more questions about how the presidential election will impact personal investments. I have personally seen this with many clients and decided to take a few notes to share with everyone. We face an...
Creating Your Own Retirement Assets
Do you ever wonder what to do if your employer doesn’t offer a retirement plan to participate in? Many people assume that it means you cannot contribute towards your retirement. This is not true, and there are many ways to contribute towards your retirement and start...
For Cash Management
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Behavioral Biases Series
I visualized my grief if the stock market went way up and I wasn’t in it—or if it went way down and I was completely in it. My intention was to minimize my future regret, so I split my retirement plan contributions 50/50 between bonds and equities. —Harry Markowitz, father of Modern Portfolio Theory
According to an article published in Seeking Alpha, Regret Aversion “refers to the idea that investors fail to make decisions or take action because of the fear that they will regret it in the future. This bias is closely tied to errors of omission, where an error is...
A wise man should have money in his head, but not in his heart. —Jonathan Swift
A wise man should have money in his head, but not in his heart. —Jonathan Swift This week we are going to examine what is known as the Endowment Bias. According to a paper published in the Journal of Econimic Perspectivesby Daniel Kahneman, Jack L. Knetsch and...
Whosoever desires constant success must change his conduct with the times. —Niccolo Machiavelli (1532)
This week we are going to examine what is known as Status quo bias. According to Michael M. Pompian, author of Behavioral Finance and Wealth Management, “Simply put, Status quo bias, a term coined by William Samuelson and Richard Zeckhauser in 1988, is an emotional...