Q3 2019 Message


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The holidays are upon us, and with a new year starting soon, it’s the perfect time to share with you what we’re doing to gear up for 2020. Before I tell you about our newest initiatives, and what you can expect from us, let’s take a quick look at the market and economy.

Market & Economy Review

After 21 months of slowing global growth, we are starting to see signs of stabilization, signaled by a potential bottoming in the industrial economy. Stocks closed at record highs last week with the S&P 500 up over 25% for the year. The index has closed in positive territory for the fifth straight week. With earnings season coming to a close, results have been modestly better than expected and may even avoid a negative earnings-per-share print for Q3, helped by beats and buyback activity.

Consumer sentiment improved again for the third straight month, showing that Americans are confident in their financial position as markets advance higher. The trade war with China continues to keep its thumb on the equity markets. Contradictory headlines about rolling back tariffs from officials from both countries were met by President Trump’s comments disputing the pledge.

Looking ahead, we expect to see more of the same headlines in play. Trade, the 2020 election, impeachment, and the economic impact of climate change will remain on investors’ minds and will move the markets.

Goldman Sachs reported that companies within the S&P 500 are expected to spend approximately $2.7 trillion of cash in 2020, up 2% year-over-year, according to Business Insider. That’s an increase over the projected 6% year-over-year drop in spending for 2019. Goldman expects companies to commit around 55% of their cash to growth opportunities in 2020, while returning the other 45% or so to shareholders. Just think how much better the business climate could be if the U.S. and China are able to strike even a partial trade deal in the next few months. Stay the course!

Bradley Wealth Grows with You

We’ve been busy building our team and putting together several new initiatives to enhance your service experiences at Bradley Wealth, including:

  • On-boarding New Stakeholders Sylvia and Roxanne
  • Researching & Exploring High-Quality Investment Partners and Strategies
  • Launching our Entrepreneurial Operating System (EOS)
  • Super-Charging Access to Your Financial Planning
  • On-boarding New Stakeholders

We recently welcomed two new Stakeholders, Roxanne and Sylvia. They are both go-getters and I hope you get to meet them soon. Until then, here’s a little bit of information about them.

Sylvia Kirchner, Director of First impressions

Sylvia’s warmth and intelligence make her the perfect Director of First Impressions, the person who welcomes Bradley Wealth guests and smoothly manages our office regimen. Each day, we strive to give you personalized care, and having Sylvia on board means you can expect a good listener and a prompt response when calling in or visiting Bradley Wealth. Sylvia moved to Phoenix from San Diego 18 years ago. She received an associate degree in Business from Mesa Community College and she enjoys spending her free time with her Husband, Sean, their 2-year old, Stella, and serving her community through the Junior League of Phoenix.

Roxanne Alexander, Client Care Ambassador

As our new Client Care Ambassador, Roxanne uses her sparkling personality, deep desire to assist others, and natural curiosity about everything to enhance our client relationships. She’s eager to get to know each client and will also manage our social media, coordinate marketing campaigns and handle our public relations, all while helping Bradley Wealth build a presence in the communities we serve. Roxanne moved to Phoenix from Collinsville, Mississippi, five years ago. She earned her bachelor’s degree in Applied Business Management from Grand Canyon University (GCU), and is currently working on her MBA at GCU with an emphasis in marketing and project management. In her free time, Roxanne loves watching baseball and college football, attending concerts, playing golf, working out and traveling.

I am confident you will be well served by both Sylvia and Roxanne.

Researching & Exploring High-Quality Investment Partners & Strategies

You might wonder how we find new best-of-breed investment opportunities to add to our investment platform and diversified menu of funds and products. We are always on the lookout for quality investment resources that go above and beyond average. Brandon Scott, BW Portfolio Manager, recently attended the Source50 Summits Conference in Naples, Florida, and spent two days researching and meeting investment managers, doing his due diligence on vetting potential investment partners.

“Source50 is the number one practitioner in the manager research space,” said Brandon. “They continue to revolutionize the way investment managers and independent allocators, like Bradley Wealth, explore valuable portfolio interests and bring the most value to our clients.”

Our pledge to you is that we will continue to bring only the best investment management firms and capability into Bradley Wealth’s portfolio line-up, and I’ll keep you updated on any new investment options.

Launching Entrepreneurial Operating System (EOS)

I’m excited to tell you about EOS, an internal initiative launched last month that will strengthen BW and our business as a transparent, people- and process driven company. We will follow and apply the simple concepts and practical tools provided by EOS to help us get more of the right stuff done every week. Through EOS, we have defined what’s important for BW, who owns each task, and what success looks like.

Brandon Scott is leading this initiative and our team is already seeing positive outcomes from our efforts so far, including improved internal processes, more efficient communication, and a system for tracking accountability, just to name a few. Our end goal with the EOS system is to create a healthy, focused leadership team and company to achieve our vision and your financial goals. We’re off to a great start!

Super-Charging Access to Your Financial Planning

Fasten your seatbelt! Your BW client planning portal will soon be able to track your entire financial life, not just your BW assets and portfolio. We’ve partnered with the industry’s leading software provider, eMoney, to drive your success from a comprehensive, collaborative wealth management platform. Through our new eMoney financial planning technology, BW clients will have a fully integrated planning solution with advanced analytics, foundational and advanced planning, and new interactive planning tools for:

  • Account Aggregation
  • Digital Document Storage
  • Web Mobile App
  • Budgeting/Spending Reports
  • Running “what if” scenarios for investment options
  • Setting new financial goals
  • Tracking your net worth

If you choose to, you can even link your outside investment accounts, mortgage information, checking and savings accounts, and car payments, etc., with this highly-secured data platform. The dashboard will act as a mirror of your finances and will not allow transactions, such as access to monies or money transfers.

You will be notified prior to gaining access to your new super-charged portal. Thanks are due to Ryan Tosto, Associate Wealth Advisor, for researching this technology platform and being our in-house expert.

I appreciate the trust you place in me as your financial advisor. Hopefully our new initiatives and stakeholders illustrate my deep commitment to you.

Wishing you a fun and safe holiday season!

Michael

M I C H A E L B R A D L E Y
Chief Executive Officer
michael@bradleywealth.com