Canon Capital Staff News

We’ve had a lot to celebrate this summer. The Canon Capital family is expanding due to these happy occasions.

Amanda (Van Camp) Spengler, CPA, a staff accountant in our Accounting department, celebrated her marriage to Andy Spengler on July 18th.  

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Most recently,
Brandon Keeler and his wife Cori welcomed Greyson Keeler on August 7th. Brandon is a PC Network Technician in our Computer Solutions unit. 

Congratulations to all!

 

Team Canon Capital at the Indian Valley Chamber of Commerce 2015 Business Expo

We had a terrific time earlier this week at the Indian Valley Chamber of Commerce 2015 Business Expo.

Matthew Witter, a senior investment advisor & financial planner
with our Wealth Management Group, talks with an Expo attendee.

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Vicki Barnes, director of payroll services, and Lori Canfield, office manager, show off our team jerseys. We’re all wearing #87 to represent 1987, the year Canon Capital Management Group was established.

“Team Canon Capital” represented this year’s theme “Sporting Success…Join the Winning Team!” sharing peanuts and popcorn along with all of the services we offer to businesses and individuals in our community.

 

 

Ring in the New, Shred Out the Old: Join Our Cyber Security & Shredding Event January 7, 2016

Ring in the “New” by shredding the “Old.” Join us for a Cyber Security presentation and on-site document shredding event Thursday, January 7, 2016 at our Canon Capital Wealth Management and Family Office Center (2936 Funks Road, Hatfield, PA).

Please join us for refreshments and a presentation on Cyber Security by our industry expert, Kent Gerhart, director of Canon Capital Computer Solutions. Richter’s Shredding will also be on site to safely shred those old, unwanted documents and help you clean out for the New Year.

Presentations will take place at 3:45pm and 5:30pm; please attend as your schedule allows.

Richter’s Shredding will be available 4:15-5:15pm.

In addition, we will be accepting unwrapped donations of any size diapers, wipes, and toys for infants and toddlers to benefit local charities.

RSVPs are appreciated – email Jennifer Norman or call her at 215-723-4881.

 

Canon Capital Wealth Management: Comments on the Federal Reserve Rate Hike

Based on their belief that the U.S. economy had strengthened, the Federal Reserve on December 16, 2015 made the decision to hike their interest rate from zero to .25 percent. This rate is the interest rate at which a depository institution lends funds maintained at the Federal Reserve to another depository institution overnight. The Federal funds rate is generally only applicable to the most creditworthy institutions when they borrow and lend overnight funds to each other. In spite of being so restricted a market, it has a great effect through the loans of these lending institutions to the rest of the U.S. and even to the Global economy.

While this is a very small increase, it must be remembered that this is the first increase since 2008. This small increase does indicate that future policy tightening, i.e., increasing interest rates, will likely be very measured and will be governed by the future U.S. and global economic outlook.

An Inevitable Increase

The present situation had to change eventually as zero interest rates have crushed conservative savers and continues to reward risk takers which can easily lend to speculative bubbles in asset values. Retirees especially have seen their returns on savings accounts, certificates of deposit, and high quality bonds decline to almost insignificant values. Speculators have been able to borrow at very low rates, via leveraging their funds, to purchase riskier securities and to force their prices to often unrealistic values. This phenomenon of rewarding speculation at the expense of conservative savers is known as Financial Repression.

However, balanced against a relief for savers are the areas of the U.S. and Global economies which will be negatively impacted and are the reason for caution by the Fed. In the U.S. the stronger dollar, as a result of global funds coming to the U.S. for higher return, will make U.S. products more expensive in foreign countries. This can reduce the amount of and profitability of U.S. exports. Furthermore, higher borrowing costs as a result of Fed tightening together with increasing wages, as quality help is becoming scarce, will further impact business returns.

The Global Impact

Internationally, the emerging market countries have already been hit hard by the slowing growth of China (a major market for them) and by the precipitous decline in commodity prices, i.e., iron ore, copper, oil, etc., which many of these countries have as their only major export. Added to this, much of their debt is denominated in U.S. dollars. As the U.S. dollar strengthens as a result of the Fed rate increase, their currencies decline making it harder for them to pay interest and to pay back their debts.

In contrast to the emerging market nations, the more developed economies, i.e., Europe, Japan, and China, central banks are doing the reverse of the U.S. by lowering their rates and printing more money, i.e., quantitative easing. This may make their exports to the U.S. more competitive which will put pressure on the Fed not to further tighten as U.S. manufacturing is still struggling to revive and to be more cost competitive.

Next Steps

Therefore, in view of the above, it would be prudent to not rely too much upon the stated goal of the Fed to raise interest rates incrementally by 1% per year. Even though the U.S. has reached a further stage in the economic cycle than its major developed country peers, further tightening can only be done if the U.S. economy continues to achieve moderate growth.

For the future, professional active managers may be able to derive some benefit from market volatility. However, most investors should primarily stay in high quality companies that can better withstand higher interest rates and expected market volatility. Consumer related sectors, i.e., restaurants, retail, and home improvement should benefit from the stronger dollar and low energy prices. The financial sector will benefit from the increasing interest rates. In view of the present low threat of inflation, quality intermediate term bonds can also be considered.

 

RogerSmall

Roger Small is a Senior Investment Advisor with Canon Capital Wealth Management. A U.S. Navy veteran, Roger earned his MBA from Harvard and is an accredited investment fiduciary.

 

Canon Capital Management Group Kicks Off 2016 with Cyber Security Seminar and Document Shredding Event

With the arrival of the new year, thoughts turn toward clearing out clutter and developing good habits. We were happy to lead the way with our Cyber Security Seminar and Document Shredding event, held Wednesday, January 7 at our Wealth Management & Family Office Services location in Hatfield.

Dr. Peter Roland, Canon Capital Management Group founder and managing director, delivers one of the first containers of documents to be shred.

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While Richter’s Mobile Shredding provided the document shredding services, our Computer Solutions owner and director, Kent Gerhart, presented two seminars on the latest news and best practices in cyber security safeguards.

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This event was free of charge, with attendees encouraged to bring donations to be distributed to local charities, including diapers, baby wipes and new, unwrapped toys for infants and toddlers. Many thanks to everyone who participated.

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 (jnorman@canoncapital.com) 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 www.canoncapital.com or call 215-723-4881.

Canon Capital Staff News – Congratulations to Matthew Witter

Congratulations to Matthew Witter, a Senior Investment Advisor and Financial Planner in our Wealth Management division, for achieving the designation of Certified Financial Planner (CFP®). The CFP® designation is earned by meeting the education, examination, experience and ethics as required by the CFP® Board. This includes adhering to “the principles of integrity, objectivity, competence, fairness, confidentiality, professionalism and diligence” in carrying out his advising duties.

Prior to this CFP® designation, Matt had passed his Series 65 exam, earned the AIF® Accredited Investment Fiduciary, the C(k)P® Certified 401(k) Professional designations, and completed extensive coursework through ASPPA.

“The CFP® certification serves as a recognized standard of excellence for competent and ethical personal financial planning and Matt’s professional achievement will enhance the financial planning services which Canon Capital provides our clients,” said Dr. Peter Roland, Managing Director and Founder of Canon Capital Management Group.

Congratulations, Matt!

Canon Capital Wealth Management Kicks Off Financial Literacy Initiative

Results from a recent Global Literacy Test show that only 57% of adults in the United States are financially literate. What does this mean? It means that nearly half of the U.S. population does not have the complete understanding of the tools and abilities needed to best manage their personal finances.

It is with this literacy ratio in mind that our Wealth Management division kicked off a new Financial Literacy Initiative. The first seminar was presented by Dr. Peter Roland, Managing Director of Canon Capital, on Wednesday, March 23 at our Hatfield location. This personal financial literacy seminar is the first of several educational seminars that will be offered free of charge to both Canon Capital clients and the public throughout the 2016 calendar year.

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“For many people, personal finance management can be overwhelming. It’s not that people aren’t smart enough, it’s that many people feel they don’t have the time to devote to it so they put it off. We believe that with the knowledge and tools presented in these seminars, people will be able to use their time more efficiently and therefore be more eager and better prepared to take a good look at their personal finances. When we all are able to make good decisions everyone benefits,” said Dr. Roland.

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This Financial Literacy Initiative is for adults of all ages with any level of financial knowledge who are eager to improve their ability to manage their financial resources effectively to meet their goals and gain a lifetime of financial security.

We want to hear from you. What topics would you like to see covered in our Financial Literacy Initiative? Please let us know in the comments.

You can listen to the March 23rd seminar via this webinar replay.

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

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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 www.canoncapital.com or call 215-723-4881.