We have been recognized by the Financial Times as one of the
Top 300 Registered Investment Advisers in the United States.
Click here for the official press release.
Frauds perpetrated against senior citizens are estimated to cost victims $2.9 billion each year. The Senate Committee on Aging, which operates a hotline for reporting such frauds, recently published a report showing the types of senior frauds that were reported most frequently in 2018, when more than 1,500 people called the hotline. Authorities estimate that they uncover 1 out of every 24 cases of senior fraud.
Although these scams are aimed at seniors, we all need to be aware and vigilant.
Click here for a list of the Top 10 Scams Targeting Seniors.
Anyone with information about suspected fraud can call the toll-free fraud hotline at 1-855-303-9470, or contact the Committee through its website located at http://www.aging.senate.gov/fraud-hotline.
(John Evers, Christine England, Beth Peabody, Ava Jackie, Missy Vella, Tracey Trosper, Ruth Trautwein, Leslie Shockley)
Happy 2018 from Team SIA!
For our holiday activity the entire SIA crew was locked in “The Laboratory” at Locked In Louisville, where we had to find clues, solve puzzles, and crack codes to unlock the door in less than 60 minutes. It was a great team building exercise as EVERYONE contributed. The average success rate of opening this room’s door is 33% and we did it!
SIA is pleased to have hosted recently Mr. Wyatt Lee, co-portfolio manager of the T. Rowe Price Retirement Date Funds. Mr. Lee also serves on T. Rowe Price’s Multi-Asset Steering Committee and has been with the company for 18 years.
Wyatt Lee
Mr. Lee shared his responses to questions from SIA’s research team regarding recent strategy changes to the Retirement Date Funds on SIA’s Approved List. The purpose of this meeting was to discuss the changes being made to the fixed income portion of their strategy. He discussed the research behind these changes and the timing of implementing the new strategy.
We also discussed broader asset class topics such as real assets and global bonds. Mr. Lee updated our team on the multi-asset team at T. Rowe Price, specifically how quickly they are expanding and now have more than 50 people on the team.
Mr. Lee expressed that his favorite kind of meetings are informal “roundtable” types like ours, because he is able to discuss and exchange ideas with us, rather than flipping formally through presentation slides.
As we have communicated in the past, a key component to SIA’s due diligence process includes in-person meetings with investment professionals from the firms with which we have entrusted client assets.
SIA leverages information gathered from meetings like this to manage our client portfolios most effectively.
As part of SIA’s due diligence, we conduct offsite visits to the offices of the fund managers that we select for inclusion on our Approved List. Last week Ruth Trautwein visited T. Rowe Price’s home office in Baltimore, MD. She was one of only three advisors who met with the “fund specialists” listed below:
These specialists are tenured members of each fund’s portfolio management team and serve as direct conduits between advisors and portfolio managers.
Ruth was also able to tour their trading floor to learn about their stock and bond trading divisions.
She remained in Baltimore on Thursday and Friday to attend T. Rowe Price’s conference with a broader elite group of advisors from around the country. The sessions that she attended help SIA gain additional information regarding fiduciary responsibility and learn insights from T. Rowe Price’s asset allocation team. Ruth also was able to have direct conversations with T. Rowe Price’s target retirement and stable value managers.
Face to face meetings allow SIA to ask very pointed questions directly to the managers to gain insight regarding their current strategies, as well as their expectations for the future. SIA is “thankful” for this opportunity and honored to be invited to be a part this group.
Not only are we honored to be included in the issue as one of the top 10 firms in “The List of Louisville’s Largest Asset Management Firms”, we are most excited to share that Beth Peabody was featured both on the cover of the issue and interviewed for the “In Person” column.
In case you missed this edition, click anywhere on the front page below to read the interview with Beth:
SIA is featured in in the latest issue of Sacred Heart Academy’s Heartbeat newsletter. In support of the strong Valkyrie network, we are fortunate to have four alumnae working with our firm. In addition, each summer SIA proudly offers an internship to an SHA graduate.
Beth Stegner Peabody is honored to join SHA’s Board of Trustees as of June, 2017.
While cybercrime headlines have dominated recent news, we urge clients, friends and associates to remember the perils of common phone scams.
Of most concern is the recent, real-life call to SIA from a panicked client whose grandson was allegedly arrested for drunk driving while returning from a wedding after hitting the car of a pregnant woman.
You are always hearing about saving for retirement, but should you be worried once it’s time to spend that money?
SIA is pleased to share this April 24, 2017 Wall Street Journal article with you. Please click on the link below to view the full article.
“Frugality is one example of a habit that helps us prepare for retirement. Once retired, however, there can be a thin line between frugality and miserliness.”
