Discover the right investment strategy for you.
Tell us a little more about your investment objectives and level of comfort with risk.
Tell us a little more about your investment objectives and level of comfort with risk.
Our experienced team of professionals will develop a personalized plan that gives you the power – and a path – to realize your dreams. Explore services
Our disciplined investment management process is driven by our team of research analysts and our Investment Committee. These professionals provide you with the information you need to understand why we make investment decisions that are in the best interest for your portfolio.
With life, long-term care and disability coverage, our insurance specialists help you identify risks and appropriate coverage for your financial situation. Learn more
We have a team of in-house CPA’s that offer tax planning services and tips on how you can save money.
Through our team of wealth planning professionals, your financial plan will always remain up-to-date and relevant to your unique goals and objectives. Learn more
Our team will help you develop and establish an estate plan, so you’ll know how your assets will be distributed. Learn more
Please provide your name and email and we will have an advisor contact you.
Schlipman Wealth Advisors mission is To inspire our clients to achieve True Wealth by making informed decisions through communication and service that exceeds their expectations.
We are a wealth management firm in Quincy, IL serving affluent families, business owners, executives and institutions. Our team provides the highest level of service for our local and national clients in financial planning and investment management. Contact us today and let Schlipman Wealth Advisors help you on your True Wealth journey.
Disciplined investment strategies are the foundation of our investment management process. Our time-tested strategies are designed to meet a variety of investment goals and objectives.
Carson Institutional Alliance partners are growth-minded advisors wholly dedicated to helping clients reach a higher purpose for their wealth and design a lasting legacy for their families.
Headquartered in Quincy, Illinois, Schlipman Wealth Advisors is dedicated to providing you with the highest level of service and delivering trust, transparency and accountability. Contact us today and experience the difference.
According to the economic data, it appears that overall activity in the U.S. has indeed increased, signaling that the Trump-driven optimism may be reaching the real economy. U.S. consumers are continuing to spend at a robust pace with both inflation and retail sales data coming in better-than-expected for January. Read more
Last Thursday, the weather forecasting groundhog Punxsatawney Phil crawled out of his burrow on Gobbler’s Knob in Punxsatawney, Pennsylvania to predict the weather for the rest of winter. According to legend, if Punxsatawney Phil sees his shadow, there will be six more weeks of winter weather. If he does not see his shadow, there will be an early spring. As a crowd of thousands cheered him on eagerly awaiting the results, the Seer of Seers, the Prognosticator of All Prognosticators, declared — there will be six more weeks of winter – and then crawled back into his burrow to wait for Spring.
The official Groundhog Day website claims Phil’s predictions are correct 100% of the time. However, recent weather data seems to contradict Phil’s accuracy. A January 31, 2016 article published in USA Today cites a report conducted by the National Centers for Environmental Information, claiming that since 1988, Phil was “right” 13 times and “wrong” 15 times. Phil has a history of seeing his shadow going back to the inaugural Groundhog Day in 1887. Adding in his most recent predictions (and accounting for the years in which no record was kept), Phil has predicted six more weeks of winter 85% of the time. Some consider Groundhog Day the unofficial start of tax season. And with an overwhelming bias towards picking the option that allows him to spend most of February through May in his burrow waiting out winter, we can’t help but think Phil may have been an accountant in a previous life, hoping to avoid the chaos of tax season by spending the winter tucked away in his den.
We can’t tell you if Phil’s prediction will be correct and winter will last another six weeks. But as you begrudgingly realize the fact that tax season has begun and you’re not lucky enough to be like Phil and spend the next couple of months tucked away in your den waiting for Spring, embrace the chaos and consider these 15 Lesser Known Miscellaneous Itemized Tax Deductions. Meet with your accountant (assuming he/she hasn’t retreated to their den for tax season like Phil) to see if you can lower your tax bill.
The first 13 deductions on this list are generally deductible as miscellaneous itemized deductions and you can claim the amount of expenses that is more than 2% of your Adjusted Gross Income (AGI).
Don’t be like Punxsatawney Phil – get out of your burrow, embrace tax season, and talk to your accountant and advisor about how you can take advantage of these lesser known deductions to potentially reduce your tax bill!
Investors entered the New Year with trepidation, still riding the rally that saw equity markets remain positive through December and are now waiting to see if now-President Trump would make good on his promises of enacting pro-growth policies after his inauguration. Markets, no friend of uncertainty, understandably reacted with volatility but it’s interesting to note that the days leading up to the inauguration were no less volatile than that of past presidents. If we focus on the chart below, the S&P 500 was actually less volatile immediately leading up to January 20th.
Source: Morningstar Direct
Turning to the broad market, the NASDAQ Composite was the clear outperformer as the benchmark posted a 4.3% return while the S&P 500 and Dow Jones Industrial Average trailed at 1.79% and 0.51%, respectively. The Dow Jones capped the month of January with a late push past the historic 20,000 mark before the end of January, only to retreat back below, plagued by one of the largest sell-offs since October of last year. We would note that the Dow Jones is a price-weighted index, meaning that stocks with high prices have a larger weighting and greater impact on performance of the benchmark. It would be hard to argue that confusion and controversy weren’t making headlines last month but investors now have an idea of how the new administration will react, allowing them to readjust their expectations. Internationally, Asia continued its borrowing frenzy throughout the month, selling a record amount of bonds in the international market from the likes of Japan and India. Investors speculate that this massive bond buy points to international insecurity regarding the implications of a new U.S. president. European markets weren’t immune to the global volatility. In particular, the British pound posted its best January since 2011 and European markets were swayed by ongoing Brexit discussions. While it’s certainly an interesting economic and geopolitical environment, our research team will be monitoring the markets closely, following our repeatable, research-driven processes and positioning the portfolios for the months and years ahead.
Investment Review Sources:
This newsletter was written and produced by CWM, LLC. Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. The views stated in this letter are not necessarily the opinion of Cetera Advisor Networks LLC and should not be construed directly or indirectly as an offer to buy or sell any securities mentioned herein. Due to volatility within the markets mentioned, opinions are subject to change with notice. Information is based on sources believed to be reliable; however, their accuracy or completeness cannot be guaranteed. Past performance does not guarantee future results. Please note that neither CWM, LLC or Cetera Advisor Networks LLC nor any of its agents or representatives give legal or tax advice. For complete details, consult with your tax advisor or attorney.
The Dow Jones Industrial Average is comprised of 30 stocks that are major factors in their industries and widely held by individuals and institutional investors.
The NASDAQ Composite Index measures all NASDAQ domestic and non-U.S. based common stocks listed on The NASDAQ Stock Market. The market value, the last sale price multiplied by total shares outstanding, is calculated throughout the trading day, and is related to the total value of the Index.
S&P 500 INDEX
The Standard & Poor’s 500 Index is a capitalization weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.
Published by Ben Goethel, Director of Wealth Enhancement
Like many Americans, most of our clients are charitably inclined, having grown up with a tradition of some level of family philanthropy. Whether it’s giving back to their church, being involved in their community or sponsoring their favorite charity, Americans share in a charity’s focus of improving quality of life. Read more
For Millennials, managing life and finances comes with challenges, especially those like balancing college debt with home ownership and having important goals like saving for retirement. Download this whitepaper for tips on how Millennials can get started on the path to the confident financial future that they seek.
Published by Scott Ford
The last months of the year are always hectic due to the holidays, end-of-the-year projects at work, and, in terms of this year, a heated presidential election. While you likely have plenty on your plate, don’t neglect your financial strategies. Review these seven actions you should consider before January 1st. Read more
Despite a flat outlook on the market this week, President Trump was able to evoke a bullish sentiment, propelling all three major U.S. indices to new highs late in trading session. The S&P 500 ended the week up 0.81%, bested by the Dow Jones Industrial Average and the NASDAQ Composite which were up 0.99% and 1.19%, respectively. Read more