To Your Wealth Update

January 5, 2009

 

Welcome to 2009, and from all of us at Financial Service Group, we wish you a happy, healthy, prosperous and sustainable new year.  

 

I think we can all agree 2008 wasn't the best year we've ever had and as I reflect on the previous 12 months, I'm comforted in the fact that I hold more optimism for 2009.  As a country, we voted for change, and change we will have.  Even before taking office, we're beginning to see glimmers of President-elect Obama's plans for our nation. 

 

I believe we will see radical changes on Wall Street as consumers demand more attention be paid to their interests rather than to the interests of a few chosen institutions or crooks like Bernie Madoff.  I think this bodes well for a greater portion of the financial services industry to adopt the same fiduciary standards that Registered Investment Advisors (RIAs), like Financial Service Group, have had in place for years. 

 

Putting your interests first has been something for which I remain boundlessly proud.  I know that preserving the trust you place in us to help you gain peace of mind around your personal wealth management is a bond that can not and will not be compromised. I also believe the more financial service providers who finally adopt this client-focused standard the better to help our country recover and lead us back to prosperity and opportunity.

 

In terms of 2009, I'm seeing several opportunities that we intend to pursue.  You will hear more about these as the year progresses, but I wanted to highlight them for you now as a preview to the strategies we'll be pursuing during 2009.

 

The coming year will be a great one for refinancing debt.  With record low interest rates, the early part of recessionary 2009 will present the chance to consolidate and refinance debt.  We will be looking for opportunities to help you reduce your liabilities and increase your peace of mind. 

 

As dismal as our financial markets seem to be, this is a right time to rebalance your portfolio and we will be working to ensure your portfolio is balanced to take as much advantage of the current situation as possible.  For some that may mean no changes are necessary, for others we may recommend changing your investment allocation.

 

I'll also be talking a lot about personal sustainability in the coming months.  I am a strong advocate that in a world of continuous change, developing habits, attitudes and structures that provide for personal sustainability will be increasingly important.  Personal sustainability touches on many aspects including sustainability around your finances, your career, your health, and your relationships -- as all of these areas impact and influence your ability to be flexible and agile when the inevitable changes occur. 

 

 

All in all, I think 2009 will be a remarkable year.  It will be our first full year in our new office center, which allows us the atmosphere to do our best work with and for you.  We will have a fresh, new government who, at least as it appears in rhetoric, is focused on improving all of our lives.  Having exposed the malfeasance on Wall Street, we can expect to see an increased demand for fiduciary responsibility which will benefit us all. 

 

The notion of sustainability has captured the world's attention and we will find new ways of personalizing our individual roles in that global wellspring.  I'm looking forward to 2009 with optimism and confidence, and looking forward to serving your needs and helping bring positive things to you as well. 

 

All the best for 2009!

 

Appreciatively,

Michael Haubrich, CFP
A NAPFA Registered Financial Advisor
Financial Service Group, Inc.
Partnering With You Through Life's Transitions
4812 Northwestern Ave. Racine, WI 53406
(262)554-4500 x103
www.toyourwealth.com
mikeh@toyourwealth.com