Special Report: Quarterly Update

Last week, trade tensions with China lessened somewhat, while the 2nd quarter corporate earnings season started with mixed results.  Against this backdrop, domestic stocks experienced sizable growth.  By market’s close on Friday, July 13, the S&P 500 was above 2,800 for the first time since February 1. Meanwhile, the Dow was above 25,000, and the NASDAQ had hit a new record.  For the week, the S&P 500 gained 1.50%, the Dow added 2.30%, and the NASDAQ was up 1.79%.  International stocks in the MSCI EAFE increased as well by 0.16%.

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iWealth Perspectives – Summer 2018

Image for Website In This Issue:

  • Make Preparations for the Storm Season: Protect Yourself Against Nature’s Temper Tantrums
  • 8 Habits for Destroying Your Retirement Savings
  • Lifestyles of the Dual Resident: Maintaining Two Homes
  • Backyard BBQ Bash

Jobs Push Stocks Up

Domestic stocks only traded for 4 days last week, due to the Independence Day holiday.  In that time, all 3 major domestic indexes posted positive results for the week.  The S&P 500 added 1.52%, the Dow gained 0.76%, and the NASDAQ increased 2.37%.  International stocks in the MSCI EAFE were up as well by 0.56%.

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Trade and Tariffs Rattle Markets

International trade concerns continue to create uncertainty in markets around the world.  Despite the markets’ slight rises on Friday, June 29, they recorded losses for the week.  The S&P fell 1.33%, the Dow gave back 1.26%, and the NASDAQ dropped 2.37%.  Internationally, the MSCI EAFE declined 1.10%.

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The Power of Corporate Earnings

Stocks stumbled across the globe last week as trade tension continued to escalate. Despite rebounding somewhat on Friday, the S&P 500 experienced its first weekly loss in a month, and the Dow posted its worst week since March.  The S&P 500 dropped 0.89%, the Dow lost 2.03%, and the NASDAQ fell 0.69%.  International stocks in the MSCI EAFE gave back 0.98%.

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Trade and Interest Rates

Last week stocks showed mixed results as political headlines continued to dominate the news.  The Dow lost 0.89% and the S&P 500 was almost flat with a 0.02% gain.  The NASDAQ, on the other hand, reached a record high on Thursday and ended the week up 1.32%.  Both the S&P 500 and NASDAQ experienced their 4th week of gains in a row.  International stocks in the MSCI EAFE lost ground, posting a 0.52% decline.

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Strength, Growth, and Tension

As last week ended, tension between the U.S. and some of its greatest allies was on the rise.  Trade remained a hot-button topic ahead of the G-7 meeting in Canada, but investors seemed largely unfazed by the drama.  In fact, all 3 domestic indexes posted strong results: The S&P 500 added 1.62% and the NASDAQ gained 1.21%, with both indexes notching their 3rd week of gains in a row.

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Jobs Report Calms Volatility

Markets experienced heightened volatility this week, with  the S&P 500 rising 0.49% and Dow dropping 0.48%. Meanwhile, the NASDAQ rose 1.62%, as international markets took a small dip, with the MSCI EAFE losing 1.10%.

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Stocks Up, Signals Mixed

Geopolitical uncertainty affected stocks last week, as the historic summit between the U.S. and North Korea began to look less likely.  On Thursday, May 24, President Trump announced that the summit was off, and stocks stumbled in reaction.  The next day, Trump said the meeting might still occur next month, leaving investors questioning the eventual outcome.

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Five Star Professional Honors Brad Connors of iWealth with the 2018 Five Star Wealth Manager Award for the Sixth Consecutive Year

WASECA, Minn.May 10, 2018PRLog — Five Star Professional is pleased to announce Brad Connors, iWealth, has been chosen as one of the Twin Cities’ Five Star Wealth Managers for 2018.

Five Star Professional partnered with Mpls.St.Paul Magazine and Twin Cities Business to recognize a select group of Twin Cities-area wealth managers who provide quality services to their clients. Brad Connors is featured, along with other award winners, in a special section of the January issues of both publications.

“Being selected as a Five Star Wealth Manager for six consecutive years means a lot to me and our team at iWealth. We show up to work every day to serve our clients and help them work towards the goals they have set for themselves. Having that hard work and dedication recognized is a special honor,” stated Brad Connors.

The Five Star Wealth Manager award program is one of the largest and most widely published wealth manager award program in the financial services industry. The award is based on a rigorous, multifaceted research methodology, which incorporates input from peers and firm leaders along with client retention rates, industry experience and a thorough regulatory history review.

“I want to extend a heartfelt ‘thank you’ to all of the iWealth clients who have continually supported us over the years and hope that this does reflect the dedication we have to each and every one of them,” said Brad Connors.

Brad Connors, Certified Wealth Strategist®, has been advising individuals, corporations, and institutional investors since 1994. Brad, a native of Waterville, built his practice, iWealth, in Waseca, MN. Brad has consistently been a leader for his peers, including 2010 ICA Representative of the Year. Brad has been on he forefront of helping other advisors grow their practice and teaching them what they should be working toward to have a profitable and enjoyable business. (2010 ICA Representative of the year is based on annual production and representing the culture and personality of ICA. Investment Centers of America (ICA) and LPL Financial are separate entities.)

Brad finished authoring his first book in 2015, “Fish Don’t Clap: Planning For a Purposeful Retirement.” The book shines a light on the 20 plus years of experience Brad has working with clients to define what they truly want their retirement to look like. For Brad, creating a fulfilling retirement for his clients is about more than figures – it involves taking a family’s whole life into account, from values to goals and everything in between. Brad’s approach with clients involves “Emotional Intelligence,” or having the wherewithal to help clients define, fund and work towards their goals. Client conversations change from performance and products toward goal-based planning. This approach is truly different from what clients hear from Brad’s competition, and it simplifies the client’s world of personal finance. His goal is to provide a superior level of customer service by listening and addressing the specific needs, concerns and goals of each individual client.

The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria. Eligibility criteria – required: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Actively licensed as a registered investment adviser or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by Five Star Professional, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or Five Star Professional’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional’s consumer complaint process; feedback may not be representative of any one client’s experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria – considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations.

Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. Award does not evaluate quality of services provided to clients. Once awarded, wealth managers may purchase additional profile ad space or promotional products. The Five Star award is not indicative of the wealth manager’s future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their client’s assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by Five Star Professional or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by Five Star Professional in the future. For more information on the Five Star award and the research/selection methodology, go to fivestarprofessional.com. 2622 Minneapolis-St. Paul area wealth managers were considered for the award; 591 (23 percent of candidates) were named 2018 Five Star Wealth Managers. 2017: 2304 considered, 836 winners; 2016: 4387 considered, 1690 winners; 2015: 2673 considered, 825 winners; 2014: 1931 considered, 844 winners; 2013: 2151 considered, 863 winners; 2012: 1256 considered, 624 winners.

Securities and Advisory Services offered through LPL Financial a Registered Investment Advisor, Member FINRA/SIPC.