Your portfolio up 0.2% over the last 30 days as volatility stays low

	Weekly Market Recap Manufacturing data for July was positive for both the US and Europe, although sluggish in Japan. In the housing market, US new home sales surged for July while sales of existing homes were soft. US jobless claims continued to point to a strong employment market. The latest estimate for US Q2 GDP growth came in at 1.1% annualized. The markets have experienced low volatility in past weeks. This means that there have been less sharply up or down movements in July/August thus far than we typically see over this time period. Of course, short term market direction can be hard, if not impossible, to gauge and we don't claim to have a crystal ball. However, longer term, over decades, the markets tend to be more predictable, in our view. Historically, well-diversified portfolios have seen robust returns when looked at over decades. Nonetheless, what appears to be steady growth over many years becomes more volatile when you zoom in to the daily price movements. We believe the important thing to focus on as a long-term investor is not the day-to-day noise and accompanying media commentary, but the overall long-term trend. Historically, that has been favorable for the patient investor. Disclaimer: The views expressed are for informational purposes only and are not intended to serve as a forecast, a guarantee of future results, investment recommendations or an offer to buy or sell securities by FutureAdvisor. All expressions of opinion are subject to change without notice in reaction to shifting market, economic political conditions, and as subsequent conditions vary. The investment strategies mentioned are not personalized to your financial circumstances or investment objectives, and differences in account size, the timing of transactions and market conditions prevailing at the time of investment may lead to different results. This material may contain "forward-looking statements": information that is not purely historical in nature. Clients may lose money. Past performance is not indicative of future results. Investments in securities involve the risk of loss. Any tax strategies discussed should not be interpreted as tax advice and do not represent in any manner that the tax consequences detailed will be obtained. Clients should consult with their personal tax advisors regarding the tax consequences of investing. Your Portfolio Update Portfolio Total $9,884.18 * 30-Day Returns +0.2% Your Portfolio +0.7% Target Portfolio 22-Year Forecast Annualized +7.9% Your Portfolio +7.4% Target Portfolio Over the past month your portfolio was up 0.2%, and we have no recommendations at this time to improve it. Congratulations on maintaining one of the best portfolios among all our clients. We will, as always, continue monitoring your account and alerting you if there are actions to take (periodic rebalancing is required, etc). Ways To Improve Your Portfolio 0 Accounts with Actions Your portfolio has no recommended actions right now. We'll watch over your investments and alert you with an email when there are actions for you to complete. Sign in to see detailed steps Action Required - keep your recommendations accurate Your financial institution requested additional authentication to keep your investment accounts synchronized to FutureAdvisor. Keeping your accounts synchronized allows FutureAdvisor to monitor and keep you up-to-date on your investments and recommendations. Please log in to fix this in your Financial Profile. Sign in to see your full dashboard * All amounts are as of the sent date of this email If you wish to change your email settings, visit your Settings.
	FutureAdvisor | 116 New Montgomery St, Suite 300, San Francisco 94105 Drop us a note anytime: advisor@futureadvisor.com Join us, we're hiring!

Your portfolio up 1.4% over the last 30 days as industrial production picks up

	Weekly Market Recap US data for July showed strong industrial production and housing activity, with relatively soft inflation. US employment data for August continued to signal a very healthy labor market. Notes released this week from the US Federal Reserve's meeting held in July suggested continuing gradual, but data dependent, increases in the US federal funds rate. Internationally, German economic survey data for August was positive and UK employment data for July was robust. A quick overview of how automatic rebalancing helps portfolio's managed as part of our Premium service. If left unchecked most portfolios can drift away from their goals as assets prices move, rebalancing is a way to correct this. At FutureAdvisor we assess Premium portfolios every day that the markets are open to gauge rebalancing opportunities and keep your portfolio on course in terms of its risk and return characteristics. Of course, too much rebalancing can add costs. On top of any trade fees, trading daily can carry hidden costs such as bid/ask spreads and potentially higher taxation. That's why our algorithm weighs the expected benefits of rebalancing against the total anticipated costs of any trading activity. We believe this is a task algorithms can do better than humans. The key thing for you to know is that we're constantly looking for appropriate opportunities to keep portfolios on track, and trading off the costs and benefits of doing so. Notes: More On How Rebalancing Works https://www.futureadvisor.com/content/resources/getting-started/portfolio-strategy/inside-the-algorithm-how-we-rebalance-your-portfolio Federal Reserve Minutes https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20160727.pdf Disclaimer: The views expressed are for informational purposes only and are not intended to serve as a forecast, a guarantee of future results, investment recommendations or an offer to buy or sell securities by FutureAdvisor. All expressions of opinion are subject to change without notice in reaction to shifting market, economic political conditions, and as subsequent conditions vary. The investment strategies mentioned are not personalized to your financial circumstances or investment objectives, and differences in account size, the timing of transactions and market conditions prevailing at the time of investment may lead to different results. This material may contain "forward-looking statements": information that is not purely historical in nature. Clients may lose money. Past performance is not indicative of future results. Investments in securities involve the risk of loss. Any tax strategies discussed should not be interpreted as tax advice and do not represent in any manner that the tax consequences detailed will be obtained. Clients should consult with their personal tax advisors regarding the tax consequences of investing. Your Portfolio Update Portfolio Total $9,962.41 * 30-Day Returns +1.4% Your Portfolio +2.1% Target Portfolio 22-Year Forecast Annualized +7.9% Your Portfolio +7.4% Target Portfolio Over the past month your portfolio was up 1.4%, and we have no recommendations at this time to improve it. Congratulations on maintaining one of the best portfolios among all our clients. We will, as always, continue monitoring your account and alerting you if there are actions to take (periodic rebalancing is required, etc). Ways To Improve Your Portfolio 0 Accounts with Actions Your portfolio has no recommended actions right now. We'll watch over your investments and alert you with an email when there are actions for you to complete. Sign in to see detailed steps Action Required - keep your recommendations accurate Your financial institution requested additional authentication to keep your investment accounts synchronized to FutureAdvisor. Keeping your accounts synchronized allows FutureAdvisor to monitor and keep you up-to-date on your investments and recommendations. Please log in to fix this in your Financial Profile. Sign in to see your full dashboard * All amounts are as of the sent date of this email If you wish to change your email settings, visit your Settings.
	FutureAdvisor | 116 New Montgomery St, Suite 300, San Francisco 94105 Drop us a note anytime: advisor@futureadvisor.com Join us, we're hiring!

Fwd: What one word can change the context of a will or trust?

---------- Forwarded message ---------
From: 7 Figure Advisor <michael@7figureadvisor.com>
Date: Thu, Aug 4, 2016 at 11:10 AM
Subject: What one word can change the context of a will or trust?
To: <mrpiebald@gmail.com>

Having trouble viewing this email? Click here     Shall   Think about it...   Whether a trust is created at death via the will or a trust being created today, changing the word...shall, to may, changes the context of the entire trust.   Shall — used to say that something is expected to happen in the future. May — used to indicate possibility or probability.   In other words, if you, the client and the attorney have worked hard to remove assets from the client's taxable estate, wouldn't it be a shame to force the income back into the taxable and unprotected estate?   Wouldn't it be better for the trustee to have some discretion as to whether or not to send income to the beneficiary?   For example a life insurance trust or a credit shelter trust that has the flexibiity of may versus shall could benefit the family a great deal over time.   What's the annual income on a $1,000,000 generated from a life insurance policy death benefit? Let's say $30,000 to $50,000.   If we also assume...the husband predeceases his spouse by 12 years. She doesn't need any additional income other than what was in her taxable estate. Then the $30-50K that was being generated from the ILIT and sent to her because the income "shall be paid at least quarterly" would now be back in her unprotected and taxable estate.  That's $360,000 to $600,000 without taking any growth into account.   Obviously, we aren't attorneys and can not practice law (you should always confer with the attorney first) but this one little word can have an impact on planning.  We believe that it is our job to know these things and to look out for them.  More importantly, if you know to look for these things they are great discussion points with both clients and attorneys.     These are the types of things that we will be digging into during the Technical and Tactical Advisory Forum this September 19-21, 2016 in Syracuse, NY.   The super early bird pricing ends tomorrow at midnight.   If comprehensive planning is what you do or where you want to go, then do NOT miss this years Forum.   http://7figureadvisor.com/tech-school   We will be discussing many.many ways to add value to your client and prospect relationships that robo-advisors and advisors that are investment focused would never catch.  These ideas, trainings and tactics are the future of financial planning and the way in which you will be able to keep your profit marins up while other advisors are shrinking.   See you at Technical and Tactical Advisory Forum 2016.  Feel free to join the conversation on twitter  #ttaf2016.   Best,   Michael and John   P.S. Grab the super early bird discount when you still can: http://7figureadvisor.com/tech-school   Share: Michael Palumbos (585) 317-2187 michael@7figureadvisor.com We don't want to see you go but if you must, click below to unsubscribe.  You'll miss out on all of our future practice management ideas and techniques designed to help you grow your business.  Unsubscribe 7 Figure Advisor P.O. Box 23736 Rochester, New York 14692 United States (585) 317-2187

Your portfolio up 1.5% over the last 30 days as US markets make new highs

	Weekly Market Recap US labor productivity was soft for Q2, potentially a result of low business investment, which has been a weaker area in the current economic cycle. However, this recovery has had its strong points, notably the employment situation as this week's job openings report demonstrated. Mortgage applications numbers this week pointing to a stronger housing market. We wanted to take some time this week to talk about how we view cash holdings in investment portfolios. Generally, we recommend keeping cash balances low within investment accounts as cash has historically been a poor long-term investment. While cash may appear stable, its value is slowly eaten away by inflation (rising prices) by around 2% a year based on data from recent decades of US history. This results in the nominal rate of return being lower than the actual, or real rate of return being achieved. This apparently small annual impact adds up over time. For example, a dollar in 2016 purchases about 29% less than it did in 2000. The historically slow, but steady, rise in prices over time makes cash worth less in terms of what it can purchase. To put this in perspective, you can think about the cost of a gallon of gas, or the cost of a postage stamp, when you were a child. Likely, both of those prices have risen significantly, while money kept in cash would have remained the same. Therefore the impression that cash appears stable can be misleading. The value of cash in terms of purchasing power tends to slowly decline. Investments such as stocks and bonds can have more significant ups and downs in the shorter term, but historically have delivered returns superior to holding cash over most multi-year periods, particularly when held in combination. This is why we generally avoid material cash allocations for portfolios. In an effort to protect a portfolio, we don't view moving investments to cash as a robust strategy. Disclaimer: The views expressed are for informational purposes only and are not intended to serve as a forecast, a guarantee of future results, investment recommendations or an offer to buy or sell securities by FutureAdvisor. All expressions of opinion are subject to change without notice in reaction to shifting market, economic political conditions, and as subsequent conditions vary. The investment strategies mentioned are not personalized to your financial circumstances or investment objectives, and differences in account size, the timing of transactions and market conditions prevailing at the time of investment may lead to different results. This material may contain "forward-looking statements": information that is not purely historical in nature. Clients may lose money. Past performance is not indicative of future results. Investments in securities involve the risk of loss. Any tax strategies discussed should not be interpreted as tax advice and do not represent in any manner that the tax consequences detailed will be obtained. Clients should consult with their personal tax advisors regarding the tax consequences of investing. Your Portfolio Update Portfolio Total $9,977.17 * 30-Day Returns +1.5% Your Portfolio +2.0% Target Portfolio 22-Year Forecast Annualized +7.9% Your Portfolio +7.4% Target Portfolio Over the past month your portfolio was up 1.5%, and we have no recommendations at this time to improve it. Congratulations on maintaining one of the best portfolios among all our clients. We will, as always, continue monitoring your account and alerting you if there are actions to take (periodic rebalancing is required, etc). Ways To Improve Your Portfolio 0 Accounts with Actions Your portfolio has no recommended actions right now. We'll watch over your investments and alert you with an email when there are actions for you to complete. Sign in to see detailed steps Action Required - keep your recommendations accurate Your financial institution requested additional authentication to keep your investment accounts synchronized to FutureAdvisor. Keeping your accounts synchronized allows FutureAdvisor to monitor and keep you up-to-date on your investments and recommendations. Please log in to fix this in your Financial Profile. Sign in to see your full dashboard * All amounts are as of the sent date of this email If you wish to change your email settings, visit your Settings.
	FutureAdvisor | 116 New Montgomery St, Suite 300, San Francisco 94105 Drop us a note anytime: advisor@futureadvisor.com Join us, we're hiring!

Your portfolio up 4.0% over the last 30 days as UK cuts interest rates

	Weekly Market Recap Manufacturing survey data for July released this week appeared robust for the US, China, and the EU; but mixed for Japan and weak for the UK. The Bank of England cut interest rates and announced other measures to support the UK economy, in a reaction to expected weaker growth post-Brexit. The Reserve Bank of Australia also lowered interest rates, primarily to help spur growth. In the US, jobs data was robust and vehicle sales for July were strong. Oil prices temporarily dipped below $40 this week for the first time since April. A reminder this week on the importance of sector diversification. We often discuss how diversification by country and asset class can help your portfolio. This is valuable for sectors as well, and stock-diversification across multiple sectors can also help smooth returns. For reference, sectors are groups of stocks operating in the same industry. For example, over the past 12 months, technology, utilities, and consumer staples have been the best performing sectors within the S&P 500. On the other hand, financial firms and energy producers have lagged. If you pick stocks, you have the risk of picking the wrong stock, and you also have the risk of unbalanced sector exposure. Thus, holding sectors in combination, such as by tracking a broad stock market index, can smooth your returns over time. Notes: Bank of England Statement http://www.bankofengland.co.uk/publications/Pages/news/2016/008.aspx Reserve Bank of Australia Statement http://www.rba.gov.au/media-releases/2016/mr-16-18.html Disclaimer: The views expressed are for informational purposes only and are not intended to serve as a forecast, a guarantee of future results, investment recommendations or an offer to buy or sell securities by FutureAdvisor. All expressions of opinion are subject to change without notice in reaction to shifting market, economic political conditions, and as subsequent conditions vary. The investment strategies mentioned are not personalized to your financial circumstances or investment objectives, and differences in account size, the timing of transactions and market conditions prevailing at the time of investment may lead to different results. This material may contain "forward-looking statements": information that is not purely historical in nature. Clients may lose money. Past performance is not indicative of future results. Investments in securities involve the risk of loss. Any tax strategies discussed should not be interpreted as tax advice and do not represent in any manner that the tax consequences detailed will be obtained. Clients should consult with their personal tax advisors regarding the tax consequences of investing. Your Portfolio Update Portfolio Total $9,917.81 * 30-Day Returns +4.0% Your Portfolio +4.8% Target Portfolio 22-Year Forecast Annualized +7.9% Your Portfolio +7.4% Target Portfolio Over the past month your portfolio was up 4.0%, and we have no recommendations at this time to improve it. Congratulations on maintaining one of the best portfolios among all our clients. We will, as always, continue monitoring your account and alerting you if there are actions to take (periodic rebalancing is required, etc). Ways To Improve Your Portfolio 0 Accounts with Actions Your portfolio has no recommended actions right now. We'll watch over your investments and alert you with an email when there are actions for you to complete. Sign in to see detailed steps Action Required - keep your recommendations accurate Your financial institution requested additional authentication to keep your investment accounts synchronized to FutureAdvisor. Keeping your accounts synchronized allows FutureAdvisor to monitor and keep you up-to-date on your investments and recommendations. Please log in to fix this in your Financial Profile. Sign in to see your full dashboard * All amounts are as of the sent date of this email If you wish to change your email settings, visit your Settings.
	FutureAdvisor | 116 New Montgomery St, Suite 300, San Francisco 94105 Drop us a note anytime: advisor@futureadvisor.com Join us, we're hiring!