Goodness knows you have more than enough to organize when you’re preparing for a marriage. Not only is it a time filled with excitement and happiness – it’s also a hectic busy time. All too often the financial implications of marriage (and of divorce and re-marriage) are overlooked, or not considered fully in the excitement.
People who have recently changed their marital status or who are planning such a change may have important financial and legal decisions to make. These decisions might deal with property ownership, providing for children’s welfare, postmortem planning and day-to-day finances. You should always consult with your financial advisor to discuss the financial steps appropriate to a change in marital status.
If, at the other end of the scale, you are considering a divorce, it’s imperative that you take appropriate action to plan for the dissolution of the financial partnership in your marriage. Such dissolution involves dividing the financial assets you have accumulated during the years of marriage. If there are children involved, future support given to the custodial parent must be planned for. If you take the time and the correct measures now to prepare and plan for all eventualities, it will pay off later on. As always, you should seek the advice of your professional advisors to ensure you take the steps that are appropriate to your individual situation.
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.
We have developed services to help you manage your personal finances. Our staff can assist you with budgeting, cash flow analysis and developing a personal balance sheet. Members of our firm are knowledgeable in a variety of personal accounting software, including Quicken, Financial Navigator, Quickbooks and Money Works.
We are available for consultations on a variety of financial services such as: insurance needs, including life, disability and long term care, rollover of pension and IRA, qualifying for a home mortgage and other loans, exercising stock options, early retirement packages, estate administration, and home inventory video.
In addition, we have developed a unique financial service tailored to senior citizens. We offer a service which allows you to remain in charge and independent, yet have the security of knowing that all financial details have been addressed each month. On a regular basis a member of our staff will meet with you and family members to review your financial needs. Within our personal affairs division we offer the following services: Bill paying with regular visits to you for check signing. Periodic reconciliation of your checkbook. Administration of medical claim forms. Monthly accounting of all income and expenses with a summary report each period.
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.
At Canon Capital Investment Advisory we believe a successful financial program develops over months and years and is constantly evolving to adjust to changes in family circumstances and changes in tax law.
Whether planning for your retirement, devising an estate plan or planning for your children’s education, we can help you obtain your goals by assisting you through the financial planning process.
This process includes an analysis of your: assets and liabilities, monthly cash flow, life and disability insurance contracts, employee benefits, retirement plans, and wills and trusts.
From this data, we will provide you with a current balance sheet, income tax statement, estate tax analysis, and cash flow analysis. These statements will be a starting point to begin planning for your future and reveal any immediate actions which may be necessary before proceeding to other steps. Based on your financial knowledge, we will develop a plan to meet your goals.
Our plans will include recommendations for: Income and estate tax planning, Retirement planning, Cash flow management, Education funding, Investment strategies, Life and disability insurance planning, Family/generational planning, and Trust administration.
Once a plan is developed, it must be implemented. We look forward to developing and implementing strategies for you to meet your financial goals. We will work closely with your attorney, accountant, insurance agent, and other advisors. Our ongoing monitoring is designed to assure you that we will be available and prepared to meet your ever-changing financial needs.
Members of our staff have successfully completed the Uniform Investment Advisor Law Examination and the General Securities Examination administered by the National Association of Securities Dealers.
When designing an investment portfolio, we review a number of factors with our clients. Some of these factors include risk tolerance, income taxes, retirement needs, and educational needs. From this information we develop a model portfolio for you. Based on the model portfolio, we select investments that are appropriate for your needs. Some of the investment vehicles we use include no-load mutual funds, stocks and bonds.
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.
Are you a self-motivated leader and experienced accountant looking for a new opportunity? Do you desire more freedom in managing your own schedule and client base while utilizing various service offerings and a team of experienced staff? If so, working with us as a tax preparer/accountant may be your next career step.
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.
