Insider

News, Information and analysis

In the financial world, there’s a lot to keep track of. Here’s a curated stream of financial intelligence and practical updates, prepared by us specially for Heritage clients.

It Takes an Extraordinary Leadership Team to Reach Great Heights!

Twenty-one years ago when I founded Heritage Financial, my goal was to run a completely independent financial advisory firm where planning and investment decisions were based solely on clients’ best interests. Today, as a registered investment advisor and fiduciary, we serve several hundred clients representing $1.2 billion in assets under management, we have 28 knowledgeable… More >

Roth IRA Opportunities for Kids and Young Adults

A Roth IRA offers tax-free growth, making it a very attractive vehicle for young investors to take advantage of decades of compounding. If a child has earned income from a summer job or other work, a full or partial Roth contribution may be an option. Earned income does not include interest or dividends. A child… More >

Tax Preparation Guide for Heritage Clients

Tax season can be quite, well, taxing! Every year we compile a comprehensive tax preparation guide for Heritage clients. This guide is a handy reminder of the many variables that affect your tax filing, and ways to navigate through them effectively. 1099 Composite and Year-End Summary Consolidated 1099 tax forms are available online from Schwab… More >

Understanding Your Restricted Stock Units

RSUs – Restricted Stock Units – have become a more popular way to pay corporate executives in the last fifteen years. This is partly because of a change in accounting principles which made stock options less attractive in response to concerns about abusive pay practices. At Heritage Financial, we help corporate executives and their families… More >

Why We Often Recommend Our Clients Have a HELOC

A home equity line of credit (HELOC) may provide a borrower with needed cash if other liquid resources are not immediately available. Funds are drawn by simply writing a check, and can be used for what you need when you need it. In most cases interest rates are much lower than a credit card or… More >

Heritage Investment Review: Q4 2016

Heritage clients experienced strong investment returns in 2016. While global stocks increased by 7.86% , our equity allocation increased by 14.75%. This exceptional performance in stocks more than offset the subdued year for Heritage’s alternatives allocation, which ended the year down 1.68%. Heritage’s short-term and yield-oriented positioning in bonds paid off in 2016. Our bond… More >

4 Personal finance to-do items no matter what 2017 brings

Investors and the media alike are expected to focus on interest-rate increases and proposed changes to income and estate taxes as key discussions going into 2017. While both topics will present new challenges or opportunities in personal finance, there are perhaps more unknowns at this time than there are objective criteria one could use to… More >

Heritage Named to Financial Planning Magazine’s RIA Leaders

Financial Planning magazine listed Heritage Financial among their RIA Leaders in the country for 2017. This is the second consecutive year for Heritage to be named within this coveted list. According to Discovery Data, the firm behind the research for the list, the rankings are based on discretionary and nondiscretionary assets under management listed on… More >

Tax-loss Harvesting

Tax-loss selling is a common tax planning strategy. Harvesting a loss generates current tax savings. Even if a position that is harvested for a loss is then later sold at a gain, there is an opportunity for tax deferral in the meantime, which can create a modest economic benefit. A loss now produces additional dollars… More >

What is Your Financial Advisor Worth?

Earlier this year, Russell Investments put out a piece attempting to calculate a financial advisor’s value. It’s an important topic given many people’s need for wealth management advice, and the reassurance they require that they are not paying too much for it. The paper is geared toward financial advisors, so this is a short post… More >