Canon Capital Wealth Management Announces Financial Literacy Seminar

Canon Capital Wealth Management is pleased to announce the first in a series of free educational seminars to be held throughout the 2016 calendar year. The seminars will cover personal finance and business related topics to help you become more financially literate.

The first Financial Literacy Seminar will be held at our Hatfield office Wednesday, March 23, 2016. For your convenience, we are offering this seminar at 3:00-4:00pm or 5:00-6:00pm.

This Financial Literacy Seminar is for adults of all ages with any level of financial knowledge. It’s ideal for individuals desiring to improve their ability to manage their financial resources effectively to meet their goals and gain a lifetime of financial security.

During this seminar, you’ll learn:

– The significance of financial literacy in your daily life.
– Tools and techniques to better understand and apply financial literacy concepts.
– How you can help yourself and others to become more financially literate.

The seminar will be presented by Dr. Peter Roland, Managing Director of Canon Capital. Dr. Roland brings over 25 years of experience teaching finance and accounting in the graduate MBA program at DeSales University.

We hope you’ll join us for this educational and fun event so please feel free to bring a friend. RSVP by Thursday, March 17, 2016 to Jen Norman. You may RSVP via email ( or call 215-723-4881, ext. 207. Please include whether you would like to attend the 3:00pm or 5:00pm session.

Canon Capital Management Group provides a single source of financial and business services to help you make the right decisions. For more information, visit or call 215-723-4881.

Canon Capital Wealth Management Continues Financial Literacy Seminars with “Financial Self-Defense” May 19, 2016

Financial fraud is on the rise. According to the Federal Trade Commission’s annual report, Identity theft incidents alone increased 47% in 2015.

Learn how to steer clear of financial fraud at the second in our series of Financial Literacy Seminars: Financial Self-Defense. During our time together we’ll help you improve your ability to spot the warning signs of financial fraud by sharing:

– How to identify common situations where consumers might be victimized
– Case studies of consumer financial abuse
– Ways you can protect yourself from financial fraud or abuse

The Financial Self-Defense Seminar will be held at our Hatfield office Thursday, May 19, 2016. For your convenience, we are offering this seminar at 3:00-4:00pm or 5:30-6:30pm.

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We expect this seminar will be both educational and eye-opening, so please feel free to bring a friend, relative or colleague. Please RSVP by Friday, May 13, 2016 to Jen Norman. You may RSVP via email or call 215-723-4881, ext. 207 to let us know whether you would like to attend the 3:00pm or 5:30pm session.

Our Financial Literacy Seminars are for adults of all ages with any level of financial knowledge. They’re ideal for individuals desiring to improve their ability to manage their financial resources effectively to meet their goals and gain a lifetime of financial security.

Canon Capital Management Group provides a single source of financial and business services to help you make the right decisions. For more information, visit or call 215-723-4881.

Staying on the Cutting Edge: Canon Capital Wealth Management in the Classroom



Notice anyone familiar in this commercial from DeSales University? That’s right, our own Dr. Peter Roland is among the instructors included in this 30-second spot currently airing in the Delaware and Lehigh Valleys. In addition to Dr. Roland’s role as Managing Director here at Canon Capital, he has been teaching finance and accounting at DeSales University’s graduate MBA program for 25 years.

In order to serve our clients well, we believe it’s essential to stay on the forefront of the issues and developments in wealth management. Teaching is one of the most natural ways to accomplish this. We take seriously the trust you place in us and work to share our knowledge, whether in client consultation, teaching a college course or through our recently-launched Financial Literacy Initiative (The Kick-off Session can be accessed here.).

Canon Capital Management Group provides a single source of financial and business services to help you make the right decisions. Let us help you today. Visit or call 215-723-4881.

Canon Capital Payroll Services Welcomes Jennifer Souder

Please join us in welcoming Jennifer Souder to Payroll Services, where she’ll be working with us part-time as a Payroll Processor. In addition to processing company payrolls, she’ll provide general payroll support to our department. A graduate of Allentown Business School, Jennifer’s past work in bookkeeping and accounts payable is a great asset to our team.

Jennifer lives in Telford with her husband and two children. She’s an active member of Grace Mennonite Church, where she plays the flute. You’ll also find her enjoying the outdoors — camping and biking – as well as expressing her creative side with ceramics and wood crafts.

Canon Capital Payroll Services Q&A: Independent Contractor or Employee?

We’re often asked about this topic. Companies will bring a new person on board to perform professional services – are they employees or independent contractors?

The easy part is knowing how to treat each category with regard to payroll. An employee is on the company payroll and the company is required to withhold income taxes, withhold – and pay – Social Security and Medicare taxes and pay unemployment taxes on all employee wages. Not so for an independent contractor, who is technically self-employed and responsible for his/her own tax payments.

How can you differentiate your employees from your independent contractors? The IRS provides this simple guide to make that determination. We’re also happy to help. Give us a call at 215-723-4881 or contact us online.

Financial Self-Defense – Avoiding IRS Scams

During the recent Financial Self-Defense seminar presented by our Wealth Management division, we focused on the three main areas of financial fraud: preying on senior citizens, tax-related fraud, and general financial fraud.

With tax-related fraud, the most prevalent attempt comes from people or entities who call on the phone to try and fool you into thinking they are the IRS and that you owe them money. The IRS does not operate that way. In fact, here are six things the IRS will never do.


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Six Things the IRS Will Never Do

#1. Call to demand immediate payments over the phone, nor will the agency call about taxes owed without first having mailed you several bills.

#2. Call or email you to verify your identity by asking for personal and financial information.

#3. Demand that you pay taxes without giving you the opportunity to question or appeal the amount they say you owe.

#4. Require you to use a specific payment method for your taxes, such as a prepaid debit card.

#5. Ask for credit or debit card numbers over the phone or email.

#6. Threaten to immediately bring in local police or other law-enforcement groups to have you arrested for non-payment.

If you think you might have experienced this type of fraud and have questions, let us help you determine next steps. Learn more at or call 215-723-4881.

“Financial Self-Defense” for Senior Citizens

With incidents of financial fraud on the rise, the second session in our Wealth Management division’s Financial Literacy series focused on “Financial Self-Defense.” The hour-long seminar focused on three main areas of financial fraud: preying on senior citizens, tax-related fraud, and general financial fraud. Today’s recap covering red flags for senior citizens is the first in a series of blog posts recapping the seminar.

Top Ten Red Flags of Senior Citizen Financial Fraud

#1. “He said he was certified to help people like me.”

If the financial advisor is telling you it’s normal procedure also to be the custodian of your account, be aware that this is not a financial management best practice. Two different entities should serve these roles.

#2. “Don’t worry about the details; they’ll just confuse you.”

Wrong. You have the right to get a second opinion from a trusted professional. If you don’t understand what is being said, don’t buy it.

#3. “You’re Invited! Wine, Dine and Learn!”

You have probably been invited to at least one of these events. You’re promised a nice meal and a presentation of the advisor’s services. Be aware, this type of practitioner usually counts on high up-front commissions. Don’t feel obligated to please by making a decision you could regret later.

#4. “You don’t want what you leave to your family or charity to be eaten away by taxes or fees, do you?”

Don’t give in to this tactic, designed to pressure or scare you into making a decision that is not in your best interest. Just because a so-called expert recommends it doesn’t mean it’s right for you.

#5. “Do you need more income from safe fixed-income investments? We’ll show you how!”

Beware these promises of high returns on small investments. If it sounds too good to be true, it’s probably not legitimate or safe.


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#6. “He’s one of us. I’m sure you can trust him.”

Always reserve the right to do your research. Even if an advisor is recommended from within your social circle, take the time to learn more, get a second opinion from an objective third party. Don’t confuse familiarity with trust.

#7. “I’ll take care of all the paperwork.”

Sounds perfect, right? Wrong. You want to see and understand all paperwork dealing with your money. The final sign-off should always be yours.

#8. “All of my clients in this fund are making a lot of money.”

Don’t feel pressure to follow the masses. In most cases, this tactic is designed to benefit the advisor more than you. Make sure the money others are making isn’t yours.

#9. “I’ve got a much better idea for your money.”

This perspective is a likely precursor to what’s known as “churning,” or excessively trading your account so the advisor receives more commission. Get as much information as possible about their proposal and get it checked.

#10. “Stop paying the bank for your house. Let the bank pay you!”

A reverse mortgage might sound like a great deal but be careful. Don’t sign over the deed to your property and know that you don’t have to take the payment in a lump sum. As a homeowner, you have rights. Make sure you know what they are before entering into this kind of agreement.

In any dealings with a financial advisor, there is no need for you to feel rushed or pressured into making a decision. Transparency and third party accountability are key. If you have questions, we would be happy to help. Learn more at or call 215-723-4881.

Memorial Day Holiday Observance

Canon Capital’s offices will be closed in observance of Memorial Day on Monday, May 30th. Our regular business hours will resume on Tuesday, May 31st.

We wish you a safe and happy holiday!

Top Ten Red Flags of Financial Fraud

The recap of our recent “Financial Self-Defense” seminar concludes with a general overview of the red flags to be wary of when dealing with a financial advisor. You always have the right to pursue a second opinion and to take the time to think things over.

Top Ten Red Flags of Financial Fraud

#1. “We’ve known him forever. I’m sure you can trust him.”
This is the “friends and family” prospects model. Your friend’s nephew is just starting out at a financial firm. Do you mind if he meets with you? It’s not impolite to decline such a meeting or, if you agree, do your homework. Make sure this person is someone you truly would trust with your finances.

#2. “Just sign here. I’ll take care of the rest.”
Never leave blanks on your signed financial paperwork. It might be tempting but be present for the completion of your paperwork.

#3. “This is just for my special clients.”
Beware any offer labeled as “private” or “exclusive.” It rarely is. Ask whether your investments are regulated or supervised by independent third parties.

#4. “I’ll send you all of the investment reports.”
Make sure you receive reports from your advisor and the independent third party custodian of your accounts. Those reports should match.

#5. “Make the check payable to me.”
Your check should be made payable to the custodial entity. Never give a financial professional a blank check, no matter how trusted your relationship.

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#6. “I know it’s a difficult time, but you need to decide now.”
Take your time. If you’ve inherited some money, it’s recommended to take up to one year to decide how to manage these funds. Feel free to bring a trusted friend along to your appointment. Trust, but verify.

#7. “This one’s a no-brainer. You can’t lose.”
There’s prudence in financial management, but nothing is certain. Take your time. Get a second opinion. It’s your money.

#8. “This offer is only good today.”
Pressure selling is a common practice in the brokerage world. If anyone tries to force you into a decision using this tactic, steer clear.

#9. “I can replace that with something better.”
Understand how a financial professional earns their pay. Before agreeing to any transaction, carefully consider the charges you’ll incur and the timing involved.

#10. “It’s very complicated. No need to bother you with all the details.”
Don’t buy what you can’t understand. Make sure the advisor explains everything about your investments.

In addition to avoiding all of these red flags, it’s a good idea to designate a trusted friend or relative to handle your investments should something happen to you.

If you have questions about your investments or would like a second opinion, we’re happy to help. Contact us online or call 215-723-4881.


Miss the first two Financial Self-Defense: Financial Fraud Recaps? Read them now:

Financial Self-Defense: Avoiding IRS Scams

Financial Self-Defense for Senior Citizens


The Microsoft Windows 10 Free Upgrade Offer Ends July 29 – Should You Do It?

It’s hard to believe it’s almost a year since Microsoft released Windows 10, the latest version of their Windows operating system. Existing Windows users have the opportunity to access a free upgrade through July 29, 2016. So, should you upgrade? If you have already upgraded and things are going well, then by all means stay with it. If you have not upgraded yet, we do not recommend a rush to do so.

The features of Windows 10 are mostly cosmetic, and we’ve yet to see the major software suppliers release new products not compatible with Windows 7 and 8. Even QuickBooks 2016 – the only version of QuickBooks compatible with Windows 10 – is also compatible with Windows 7 and 8. So as long as your primary software continues to support Windows 7 and 8, we don’t recommend upgrading to Windows 10 on an existing computer.

An operating system upgrade is never as easy as just pushing a button. You need to make sure all of your hardware, software and peripheral equipment is compatible with the new operating system. Will your QuickBooks work? Will you still be able to print? Multiply this by the number and variety of computers in your workplace and what seemed a simple task can be a daunting project.

Be prepared by being proactive.

What we do recommend is that you start preparing now for the day you’ll need to replace your computers, s since Windows 10 will be the standard on any new machines. This includes staying up to date with all software packages and apps while using Windows 7 or 8. Doing so provides better support and more security.

We also suggest scheduling our Computer Solutions’ upfront analysis service which reviews your hardware, software, and equipment to determine what, if any, work is needed before a transition to Windows 10. This allows you to take your time and know what to expect when you eventually move on from Windows 7 or 8 to Windows 10. It’s part of our due diligence and saves you the inconvenience and cost of future unknowns.

We’ve conducted this upfront analysis for a number of clients who have chosen to upgrade to Windows 10 and found that even with no predetermined issues, there were some hiccups once the transition to Windows 10 was complete.

There’s another element to the free Windows 10 upgrade. Some users have experienced an automatic update. Others have made the upgrade accidentally due to the way Windows has presented the option in pop-up messages. If this is the case in your situation, Windows 10 does have an uninstall option allowing you to revert to your previous operating system as long as you do so within 30 days of the Windows 10 installation.

If you have questions or would like to schedule an upfront analysis to be prepared for Windows 10, we are always available to you at 215-723-4881 or