Quarterly Market Commentary Exciting Office News

Volume 8, Issue II
Very End of Summer
“Almost” Annual
Women’s Social
September 20th
We are hosting a gathering of
women to get together and
reconnect! Last years event
was missed due to Webb
Investment Services, 20th
Anniversary Celebration but
we are looking forward to
again gathering with old
friends and making new ones
at the Capital Club.
New
Women in Business
Event
Laura Webb, CFP® is excited
to announce her premier
sponsorship of the Asheville
Area Chamber’s new Women
in Business initiative called
WomenUP. The inaugural
event will be held, the
morning of November 10th
with a celebration and awards
breakfast highlighting; a
woman entrepreneur, a
woman executive and a
woman non-profit leader. The
event will also feature a
keynote address by Pamela
Ryckman, author of the
Stilleto Network. The goals of
this new initiative are to
Network, Inspire and Support
women in business.
August 2016
Exciting Office News
We are excited to announce some new additions to our team.
Hannah Franklin, Branch Associate, joined our team in June after 9 years at Dixon Hughes Goodman.
As a licensed CPA she practiced in the tax field and worked with numerous individuals and small
business clients in Asheville. She is looking forward to moving into the wealth management world and
hopes to use her tax background as a valuable tool for the clients of Webb Investment Services. She
acquired a Business Administration degree with a concentration in Accounting from Erskine College in
Due West, South Carolina and received her Masters of Accountancy from Western Carolina University.
She is a member of the American Institute of Certified Public Accountants (AICPA) and North Carolina
Association of Certified Public Accountants (NCACPA).
Hannah and her husband Jason, are both natives of Buncombe County and call Weaverville home.
They enjoy golfing and being active together. Other hobbies include traveling to places near and far,
and spending time with family and friends. She also is an avid Clemson fan and enjoys attending the
football games in the fall. Hannah and Jason have one dog, Caddie and are members of North Asheville
Baptist Church.
We introduced you to Matt Donohue back in February. Matt passed his Series 7 and 66 exams this
spring and has dove into helping the team with the analysis of different portfolio models. He is offering
tremendous help in determining the best investment options for all of our clients.
On a personal note, Matt, studied at Brigham Young University in Utah, where he earned both his
bachelor’s and master’s degrees in accounting. In addition to being securities licensed, he is a CPA and
passed his Certified Financial Planner™ exam or CFP® professional examination in the spring 2015. In
May, Matt and his wife Whitney welcomed their first child, Sadie into the world, she surprised everyone arriving 6 weeks early. Matt, Whitney and Sadie are all doing well and adjusting to life as a family
of three!
Gwen Gadd and her husband moved to Florida to be closer to friends and family late this spring. We
were sorry to see Gwen leave, but are excited about the new members of our team! Carrie Martin,
who has been here over 10 years, helps keep us all organized and we are grateful for her through this
transition.
Quarterly Market Commentary
The first 6 months of 2016 were anything but dull in the domestic and equity markets. Volatility and
uncertainty have made even the most passive investors pay attention to the global markets. This
volatility has much to do with the Chinese economy, oil prices, political uncertainty, at home and
abroad, and the latest cause, Brexit. The S&P 500 dropped over 9% within the first two months of the
year, and then rebounded almost 15% by the end of June.
82 Patton Ave, Suite 610, Asheville, NC 28801• p:828.252.5132• f:828.225.6489• [email protected]• www.laurawebb.com
Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC
In mid-July, the year-to-date S&P 500 return is up over 5.5% and at all-time highs.
Webb Investment
Services was a
Sponsor for the
Gran Fondo
Asheville
On June 18th, 2016,
Webb Investment
Services was excited to
be a sponsor of The Gran
Fondo Asheville, a
fabulous bike ride that
benefits the Friends of
the Smoky Mountains
National Park. It’s the
only bike ride that starts
and finishes in downtown
Asheville and hosted
riders from not only
Western North Carolina
but from all over the
country.
In the past few years, we have been accustomed to somewhat predictable, stable markets. So
when we see these roller-coaster type dips and rises, we tend to worry. Fear sometimes takes
hold of our thoughts and we might take action that could actually hinder us in the long term.
According to “Behavioral Patterns and Pitfalls of U.S. Investors,” a 2010 Library of Congress report prepared for the Security and Exchange Commission, excessive trading often causes investors to underperform the market. Think about this, if you pulled your money out of the US equity
markets in February and held it in cash, fearing a steeper decline in the market, you could have
missed out on an almost 15% rally within the next 4 months.
Calculations by Broadridge based on total returns of the S&P 500 Index over rolling 1-,5-, and 10year periods between 1926 and 2014 show that long-term investing results in higher likelihood
of producing positive returns. For 1-year holding periods, 73% of the time the S&P 500 had a
positive return. The 5-year holding period had a likelihood of 86% positive returns, and the 10year holding period had a likelihood of 95% positive returns. If history can tell us anything about
the market, it is that the longer you stay in, the more likely you are of having positive returns.
Investing involves risk and investors may incur a profit or a loss. Past performance is not an
indication of future results and there is no assurance that any of the forecasts mentioned will
occur. Investors cannot invest directly in an index. The S&P 500 is an unmanaged index of 500
widely held stocks. The performance noted does not include fees or charges, which would reduce
an investor's returns. Diversification does not guarantee a profit nor protect against loss. Holding
Investments for the long term does not insure a profitable outcome.
Conferences
Matt Donohue, Financial
Advisor Associate
attended the RiverFront
Unplugged Program in
Virginia. While there, he
met with RiverFront’s
personnel, including
company executives,
portfolio managers, and
investment analysts. He
learned about
RiverFront’s trademarked
investment philosophy,
“Price Matters”, and their
risk management
approach to investing.
He was thoroughly
impressed by the
investment knowledge
and market expertise of
the people at RiverFront.
Planning for Incapacity
What would happen if you were mentally or physically unable to take care of yourself or your
day-to-day affairs? You might not be able to make sound decisions about your health or
finances. You could lose the ability to pay bills, write checks, make deposits, sell assets, or
otherwise conduct your affairs. Unless you're prepared, incapacity could devastate your family,
exhaust your savings, and undermine your financial, tax, and estate planning strategies. Planning
ahead can ensure that your health-care wishes will be carried out, and that your finances will
continue to be competently managed.
It could happen to you
Incapacity can strike anyone at any time. Advancing age can bring senility, Alzheimer's disease,
or other ailments, and a serious illness or accident can happen suddenly at any age. Even with
today's medical miracles, it's a real possibility that you or your spouse could become incapable
of handling your own medical or financial affairs.
What if you're not prepared?
Should you become incapacitated without the proper plans and documentation in place, a
relative or friend will have to ask the court to appoint a guardian for you. Petitioning the court
for guardianship is a public procedure that can be emotionally draining, time consuming, and
expensive. More importantly, without instructions from you, a guardian might not make the
decisions you would have made.
82 Patton Ave, Suite 610, Asheville, NC 28801• p:828.252.5132• f:828.225.6489• [email protected]• www.laurawebb.com
Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC
Advanced medical directives
Without legal documents that express your wishes, medical care providers must prolong your
life using artificial means, if necessary. With today's modern technology, physicians can sustain you for days and weeks (if not months or even years). To avoid the possibility of this happening to you, you must have an advanced medical directive.
Matt is heading down to St.
Petersburg Florida the end
of August for the his first
visit of the AMP (Advisor
Mastery Program). This is
the first meeting of an 18
month training program.
Laura will also be with him a
few days for a mentoring
workshop. The program is
to help new advisors learn
the financial services
business and develop their
careers. Hannah will start
the program later this year.
Upcoming Office
Holidays
There are three types of advanced medical directives: a living will, a durable power of attorney for health care (or health-care proxy), and a Do Not Resuscitate order (DNR). Each type
has its own purpose, benefits, and drawbacks, and may not be effective in some states. You
may find that one, two, or all three types of advanced medical directives are necessary to
carry out all of your wishes for medical treatment. Be sure to have an attorney prepare your
medical directives to make sure that you have the ones you'll need and that all documents
are consistent.
Living will
A living will allows you to approve or decline certain types of medical care, even if you will die
as a result of the choice. However, in most states, living wills take effect only under certain
circumstances, such as terminal injury or illness. Generally, a living will can be used only to
decline medical treatment that "serves only to postpone the moment of death." Even if your
state does not allow living wills, you may still want to have one to serve as an expression of
your wishes.
Durable power of attorney for health care
Labor Day—September 5th
A durable power of attorney for health care (known as a health-care proxy in some states)
allows you to appoint a representative to make medical decisions for you. You decide how
much power your representative will have.
Do Not Resuscitate order (DNR)
Monday Morning
Team Meetings
Every week, on Monday
mornings, around 9:30 am,
we hold a Team Meeting to
help us plan and organize
our week. During that hour,
you may receive our
recording. Please note that
when our meeting is over,
we check our messages and
return phone calls.
A DNR is a doctor's order that tells all other medical personnel not to perform CPR if you go
into cardiac arrest. There are two types of DNRs. One is effective only while you are hospitalized. The other is used while you are outside the hospital.
Protecting your property
Without someone to look after your financial affairs when you can't, your property could be
wasted, abused, or lost. To protect against these possibilities, consider putting in place a revocable living trust, durable power of attorney (DPOA), or joint ownership arrangement (or a
combination of any or all options).
Revocable living trust
You can transfer ownership of your property to a revocable living trust. You name yourself as
trustee and retain complete control over your affairs. If you become incapacitated, your successor trustee (the person you named to run the trust if you can't) automatically steps in and
takes over the management of your property. A living trust can survive your death. There are,
of course, costs associated with creating and maintaining a trust.
Durable power of attorney (DPOA)
A DPOA allows you to authorize someone else to act on your behalf. There are two types of
DPOA: an immediate DPOA, which is effective immediately, and a springing DPOA, which is
not effective until you have become incapacitated. Both types of DPOA end at your death.
A DPOA should be fairly simple and inexpensive to implement. However, a springing DPOA is
not permitted in some states, so you'll want to check with an attorney.
82 Patton Ave, Suite 610, Asheville, NC 28801• p:828.252.5132• f:828.225.6489• [email protected]• www.laurawebb.com
Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC
Joint ownership
A joint ownership arrangement allows someone else to have immediate access to property
and to use it to meet your needs. Joint ownership is simple and inexpensive to implement.
However, there are some disadvantages to the joint ownership arrangement. Some examples
include: (1) your co-owner has immediate access to your property regardless of incapacity,
(2) you lack the ability to direct the co-owner to use the property for your benefit, (3) naming
someone who is not your spouse as co-owner may trigger gift tax consequences, and (4) if
you die before the other joint owner, your property interests will pass to the other owner
without regard to your own intentions, which may be different.
Quarterly Team
Retreat
Each quarter we will be
taking a day to meet as a
team for team building,
growth and brainstorming.
During these retreats we
will periodically check voice
and emails. We will let you
know on our voicemail
message the day a retreat is
occuring. We believe these
retreats will strength our
team and in turn help us
service our clients better.
Phones
It is our intention to answer
each of your phone calls
immediately. Occasionally,
you may get the recorded
message. To leave a
voicemail, press the
extension of the person you
need to reach:
Carrie:
Laura:
Hannah:
Matthew:
200
201
202
203
How is incapacity determined?
Incapacity can be determined in one of two ways:


Physician certification --You can include a provision in a durable power of attorney
designating one or more physicians who will make the determination. Or, you can state
that your incapacity will be determined by your attending physician at the relevant time,
whomever that might be.
Judicial finding --The court may be petitioned to determine incapacity. After a proceeding
where medical and other testimony will be heard, a judge will decide whether you are
incapacitated according to the legal standards in your state.
This information, developed by an independent third party, has been obtained from sources considered
to be reliable, but Raymond James Financial Services, Inc. does not guarantee that the foregoing material is accurate or complete. This information is not a complete summary or statement of all available
data necessary for making an investment decision and does not constitute a recommendation. The
information contained in this report does not purport to be a complete description of the securities,
markets, or developments referred to in this material. This information is not intended as a solicitation
or an offer to buy or sell any security referred to herein. Investments mentioned may not be suitable for
all investors. The material is general in nature. Past performance may not be indicative of future results.
Raymond James Financial Services, Inc. does not provide advice on tax, legal or mortgage issues. These
matters should be discussed with the appropriate professional.
Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC, an independent
broker/dealer, and are not insured by FDIC, NCUA or any other government agency, are not deposits or
obligations of the financial institution, are not guaranteed by the financial institution, and are subject to
risks, including the possible loss of principal.
Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2016.
Any opinions are those of Laura Webb are not necessarily those of Raymond James.
82 Patton Ave, Suite 610, Asheville, NC 28801• p:828.252.5132• f:828.225.6489• [email protected]• www.laurawebb.com
Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC