Introducing IM Investing, a new digital wealth management platform from Canon Capital Investment Advisory.
This new tool provides clients with a hybrid approach to investing, allowing flexible, on-demand service while also benefiting from a certified research team.
Curious if IM Investing is right for you? Email us or call 215-723-4881.
Watch this short video to learn more.
We are proud to announce that Canon Capital Investment Advisory has achieved certification for the sixteenth consecutive year from the Centre for Fiduciary Excellence (CEFEX), a division of Broadridge Fi360 Solutions (Broadridge). This ensures Canon Capital Wealth Management’s continued place among an elite group of investment advisory firms certified in this global program.
Dr. Peter Roland, Managing Director of Canon Capital Investment Advisory said, “We are honored to receive the CEFEX certification which demonstrates our commitment to providing the highest level of fiduciary-based wealth management services to meet the needs of our clients.”
This certification is granted only to firms demonstrating adherence to fiduciary best practices. Canon Capital Investment Advisory earned this honor once again following a rigorous, multi-month audit and certification process guided by the “Prudent Practices for Investment Advisors,” an industry-recognized handbook that is grounded in law, regulation, and professional best practices.
CEFEX certification helps determine the trustworthiness of investment fiduciaries, providing an independent recognition of a firm’s conformity to a defined Standard of Practice as described in the handbook “Prudent Practices for Investment Advisors.” More information about the CEFEX designation is available via this brief video.
Canon Capital Investment Advisory is certified for wealth management services to high-net-worth clients, ERISA company sponsored retirement plans, foundations, and trusts. Canon Capital Investment Advisory’s certification is registered and can be viewed at CEFEX.org.
CEFEX certification standards are substantiated by legislation, case law and regulatory opinion letters from the Employee Retirement Income Security Act (ERISA), the Investment Advisers Act of 1940, the Uniform Prudent Investor Act (UPIA), the Uniform Prudent Management of Institutional Funds Act (UPMIFA) and the Uniform Management of Public Employee Retirement Systems Act (UMPERSA) in the U.S. A full copy of the standard can be downloaded from Broadridge at www.fi360.com/cefex.
Every month is Cybersecurity Awareness Month here at Canon Capital Technologies, but October is when the industry works to highlight ways to stay ahead of current threats and keep your data secure.
While films and television shows may glamorize hackers with advanced skills and flashy attacks, the reality is far less dramatic. Most successful cyberattacks occur due to simple schemes and vulnerabilities that are exploited by malicious actors.
Las Vegas recently experienced a significant disruption when MGM’s network fell victim to a breach. The consequences were widespread with immediate impact: restaurants couldn’t order food, slot machines were rendered unavailable, and an alarming amount of personal information was stolen. It’s essential to note that this breach wasn’t orchestrated like an “Oceans 11” style heist. Instead, it was a voice actor who impersonated an employee, successfully fooling a genuine MGM employee into granting them system access. Shockingly, this was all it took to cost MGM an estimated $2 billion in market capitalization.
This incident, along with numerous other high-profile cyberattacks, serves as a stark reminder of the need for consistent cybersecurity training in all businesses. Cybercriminals are constantly evolving their tactics, and as demonstrated in the MGM case, they often exploit human weaknesses within an organization’s security infrastructure.
We understand the gravity of the cybersecurity landscape and are committed to helping businesses protect themselves. This Cybersecurity Awareness Month, take proactive steps to safeguard your business. Contact us today to learn how we can help. Call 267.381.2025 or reach us online.
The market continues to perform well, making this the perfect time to prepare for the eventuality of a downturn. The good news is that recoveries last far longer than the preceding downturns. Continue reading to learn more.
We are always happy to be of service. Call us at 215-723-4881 with any questions you may have.
The weather forecast for the stock market continues to be mostly sunny, but how long can this rally continue? We have the details you need.
If you have questions or would like to discuss your portfolio, we are happy to help. Call us at 215-723-4881.
When you hear “check washing,” it probably reminds you of that time you forgot to check everyone’s pockets before doing laundry. But the term refers to a criminal act that is on the rise throughout the United States. This fraudulent activity involves altering a written check by erasing its details — such as the recipient’s name or the check amount — and rewriting them to benefit the criminal.
The Check Washing Process
The process is alarmingly simple. Once the thief has the check, they use chemicals or heat to erase the existing information without damaging the paper. Then they write in new details to their benefit.
Preventing Check Washing
There are several ways to protect yourself from becoming a victim of check washing:
What to Do If You’re a Victim
If you think you’ve been targeted by check washing, here’s what to do:
Taking a few simple preventive measures will go a long way in protecting yourself against check washing.
One source, many services, the right decision.
Accounting. Payroll. Technologies. Wealth Management. We’re here to help. Call us at 215-723-4881 or contact us online.
The Fed has hit pause on another interest rate hike, at least for now. We are monitoring their activity closely and will keep you updated. In the meantime, here are more details about the current landscape.
So far in 2023 we have experienced a series of interest rate increases from the Fed and a tightening of the labor market. Continue reading for a more detailed update.
This year brings another decrease in the Philadelphia City Wage Tax. Effective July 1, 2023, employers must withhold wage tax at the new rate of 3.75% from all paychecks issued to Philadelphia residents. The wage tax for non-residents of Philadelphia will remain at 3.44%.
This change must be in place for all paychecks dated after June 30, 2023.
Questions? We’re happy to help. Give us a call at 215-723-4881.
