How to Cast Your Vote

Posted on Sep 26, 2016

  We are all well aware of the upcoming November election where we have the opportunity to cast our vote for public officials and ballot measures. Though every vote counts, it’s sometimes hard to get that feeling that our voices were heard, even if your preferred candidate or measure came out on the winning end. When it comes to personal finances, however, there is another way to make your voice heard and that is by exercising your own “Investor Bill of Rights”. It gives us no pleasure to draw this comparison, but a financial advisor can sometimes act in the same manner as a...

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Socially Responsible and Impact Investing

Posted on Dec 14, 2015

The investment world is sometimes hard to understand and often leads to decisions either made for the wrong reason, or not made at all. Sometimes even if you have a clearly outlined investment philosophy, it’s difficult to actually implement it in a manner that makes sense. This is particularly true when it comes to investing for the greater good.  Using industry terminology this is sometimes called, ‘Socially Responsible Investing’, ‘Impact Investing’, ‘Sustainable Investing’, or ‘Environmental, Social, and Governance (ESG) Investing’. All these terms have slightly...

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Wealth Management Services You May Not Know Elmwood Provided…

Posted on Oct 26, 2015

We draft a formal financial plan for all clients and update it annually, but we also have a separate financial planning portal where you can check on your plan at any time to see exactly where you stand! In order to help you understand your investment holdings, we provide clients with a software whereby you can link and consolidate outside investment accounts into our financial planning software. This helps us provide comprehensive planning and investment guidance even on assets that we do not actively manage in house. We’ve adopted a new tool called ‘Yodlee’ which enables us to help...

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How to Easily Track Expenses and Create a Budget

Posted on Jun 15, 2015

Leave it to us!  No kidding, we’ve implemented a new solution that will allow us to track all your expenses, categorize them, and then create a budget accordingly.  Now you are probably saying to yourself, this seems like a lot of work so why would Elmwood offer to take this task on?  The answer is that it really helps both parties involved.  Below we will lay out both why, and how we plan on accomplishing this task.  Looking back for a moment, it seems like long gone are the days when you’d ask someone what their New Year’s resolution was and they would reply, “Balance my...

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A Financial Advisor’s Ideas on How to Simplify Your Personal Finances

Posted on Jan 26, 2015

Consolidate your investment accounts – As life progresses it is almost inevitable that people begin to accumulate different types of investment accounts held in different places. It may be because you had a job change, inherited some assets, or maybe just spontaneously opened a new investment account somewhere when the need arose. Yet as time has progressed you now have multiple investment accounts at multiple locations, and have a very hard time keeping track of them, not to mention what they are invested in. Consolidate these accounts into one location and not only will you find it much...

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