Press Releases
Advisors May Make More Money for their Clients
LOS ANGELES, CA, UNITED STATES, August 26, 2022 /EINPresswire_ / -- Harris & Associates, A Registered Investment Advisor, declares better investment gains are often earned when people hire a pro.
Research results show working with a financial advisor may bring people more confidence about their finances and may result in more money to spend in retirement. So, wondering whether to hire a professional wealth manager or financial advisor, look closely at the research.1
Behavioral Finance clearly reveals that hunter-gatherer brains have a natural tendency that is ill-suited to successful investing.2 People continually do the wrong thing when left to their own devices. Problematic behavior includes Anchoring [think—hanging on to a bad investment, hoping it will get back to the original investment], Herd Behavior [think—lemmings who follow each other over a cliff], Emotional Gap [think—letting your feelings rule over rational investment decisions], and more.
A trustworthy financial advisor may help people make more rational decisions and avoid self-destructive financial mistakes. Moreover, advisors generally encourage their clients to save more, budget their spending and focus on better investments with safety and long-term appreciation.
What about cost? Good advice may come at a price. Free strategies off the internet or from some canned program may help. But such ideas may not apply as expected and often may do more harm than good. Choose a fiduciary advisor who is committed to always acting in client’s best interests. Interview 2 or 3, picking the one who best fits the desired situation, client personality, and needs.
A good advisor may be worth every penny.
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1 In the Voya Retirement Revealed1 study of 4,050 working Americans, just 28% of study respondents work with a financial advisor. And yet working regularly with a financial advisor can have a profoundly positive end result on retirement and investment behaviors, actions, confidence and results. All data in this report were revealed in that study.1 Partnering with ORC International, The Voya Retirement Research Institute examined attitudes and activities of 4,050 adults age with a household income of $40,000 or higher, who were employed full time. Data gathering via an online panel took place in the Fall of 2011.
2 Investopedia - “What is Behavioral Finance?” May 24, 2022. Adam Hayes https://www.investopedia.com/terms/b/behavioralfinance.asp#:~:text=Behavioral%20finance%20is%20an%20area,the%20influence%20of%20psychological%20biases
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Disclosure:
D.L. Harris & Associates Insurance Services, Inc. dba Harris & Associates is a Registered Investment Adviser (“Harris & Associates”). This article is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Harris & Associates and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Harris & Associates unless a client service agreement is in place.
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Harris & Associates
Harris & Associates is an independent Registered Investment Advisor and Financial Planning firm focused on delivering ethical advice and personalized advice and plans to all our clients. They are located in the heart of Manhattan Beach where they have been providing solutions to residents of Los Angeles and the South Bay community for over 25 years.
Harris & Associates focuses on their strengths and those who can benefit most from them. Although they specialize in Investment Management, Insurance Consulting, Executive Benefits, and Asset Protection, their true value lies in their experience in providing truly objective advice and fostering deep relationships with their clients through their unique hands-on service.
It is through these relationships and the building of trust that Harris is able to guide their clients to favorable results in all areas of their financial life from taxes to home purchases to retirement planning. They understand that life is unpredictable and circumstances change. Harris & Associates provides clients with ongoing guidance.
Harris & Associates Makes Clients Money in a Down Market
LOS ANGELES, CA, UNITED STATES, May 11, 2022 /EINPresswire.com/ -- Harris & Associates, a Registered Investment Advisor, creates strategies that protect clients from volatility and even gain a few dollars in a down market.
With interest rates on the rise, and equities shedding significant value, most investors may be feeling nervous about their retirement and capital investments. However, it doesn’t have to be so.
While many advisors collect a fee and remain passive in managing client assets, Harris & Associates is an active manager. Of course, actively managing client portfolios is not a panacea. During down markets, many active managers move clients to more short-term bonds and other low-yield income positions. They buy ‘defensive’ equities such as utilities, health care, and commodities. But, in this market, those defensive positions have suffered substantial losses right along with technology and other more aggressive sectors.
May 5th was a “cliff drop” after the rally the day before when the Fed announced its 50-basis point increase in interest rates. Here are three May 5, 2022 end of day Financial Indexes: (reference graph 1)
How would people like to see their May 5th portfolio basically flat and stable, with a little gain like this? (reference graph 2)
Contact Harris & Associates to see qualifications for their investment advisory program here.
CONTACT: Jennifer Pangelinan
505 N. Sepulveda Blvd., Suite 5
Manhattan Beach, CA 90266-6743
Phone (310) 318-3700 Fax (310) 318-3766
Toll-Free 888-50-INVEST (888) 504-6837
Website: www.harrisadvisory.com
CA Insurance Lic #0826411
Disclosure:
D.L. Harris & Associates Insurance Services, Inc. dba Harris & Associates is a Registered Investment Adviser (“Harris & Associates”). This article is solely for informational purposes. Advisory services are offered to clients or prospective clients where Harris & Associates and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Harris & Associates unless a client service agreement is in place.
You must receive and read our Form ADV Part 2. No advice may be given outside the states where we are registered, and then only after a Client Services Agreement is in place.
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Harris & Associates
Harris & Associates is an independent Registered Investment Advisor and Financial Planning firm focused on delivering ethical advice and personalized advice and plans to all our clients. They are located in the heart of Manhattan Beach where they have been providing solutions to residents of Los Angeles and the South Bay community for over 25 years.
Harris & Associates focuses on their strengths and those who can benefit most from them. Although they specialize in Investment Management, Insurance Consulting, Executive Benefits, and Asset Protection, their true value lies in their experience in providing truly objective advice and fostering deep relationships with their clients through their unique hands-on service.
It is through these relationships and the building of trust that Harris is able to guide their clients to favorable results in all areas of their financial life from taxes to home purchases to retirement planning. They understand that life is unpredictable and circumstances change. Harris & Associates provides clients with ongoing guidance.
Beware of Inflationary Profits
LOS ANGELES, CA, UNITED STATES, February 3, 2022 /EINPresswire.com/ -- Harris & Associates, A Registered Investment Advisor, declares 2021 extraordinary profits to be inflationary.
In business, we all want higher profits. The remainder from revenue after overhead and the costs of doing business should be positive and the more the better. Profit is money made. It’s a good thing, right?
But in the fourth quarter and the year 2021, profits were not only good, but they were also over the top. Some might conclude they were despicable. “Fourth-quarter earnings for the S&P 500 are expected to be up 22.4%," according to Refinitiv [2021]. "...Overall earnings will be up approximately 49%.”
Put December’s 7% inflation figure in the recipe, and it makes you wonder if such profits may be a major component of current inflation.
Demand has been unusually strong, while supplies were down. Companies large and small were worried about staying in business. They faced challenges on every front from raw materials, transportation, and labor to market dislocations and pivoting to online sales and service. When they raised prices in an attempt to stay in business, buyers were more than willing to pay and often competed to be served.
In 2022 such profit levels are likely unsustainable. This country should expect “reversion to the mean,” or lower profits. More normal profit levels would still be good. Estimates are for quarterly profits in 2022 fall to the high single-digits early or perhaps get as high as 14.3% in Q4, according to the article cited above.
So, it’s important to see the economy as a whole. While some of us may be struggling with higher prices, a large portion of the national economy has more than enough money to pay. To make sure this goal is hit nationally, Harris & Associates helps individuals and companies plan and meet their income and spending needs.
CONTACT: Jennifer Pangelinan
505 N. Sepulveda Blvd., Suite 5
Manhattan Beach, CA 90266-6743
Phone (310) 318-3700 Fax (310) 318-3766
Toll Free 888-50-INVEST (888) 504-6837
Website: www.harrisadvisory.com
CA Insurance Lic #0826411
Disclosure:
D.L. Harris & Associates Insurance Services, Inc. dba Harris & Associates is a Registered Investment Adviser (“Harris & Associates”). This article is solely for informational purposes. Advisory services are offered to clients or prospective clients where Harris & Associates and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Harris & Associates unless a client service agreement is in place.
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Harris & Associates
Harris & Associates is an independent Registered Investment Advisor and Financial Planning firm focused on delivering ethical advice and personalized advice and plans to all our clients. They are located in the heart of Manhattan Beach where they have been providing solutions to residents of Los Angeles and the South Bay community for over 25 years.
Harris & Associates focuses on their strengths and those who can benefit most from them. Although they specialize in Investment Management, Insurance Consulting, Executive Benefits, and Asset Protection, their true value lies in their experience providing truly objective advice and fostering deep relationships with their clients through their unique hands-on service.
It is through these relationships and the building of trust that Harris is able to guide their clients to favorable results in all areas of their financial life from taxes to home purchases to retirement planning. They understand that life is unpredictable and circumstances change. Harris & Associates provides clients ongoing guidance.