Quarterly Client Letter – Q1 2021

May 4, 2021By Phil Clark, CPWA®,CFP®

Many times, I sit down and write these letters with a clear understanding of what items I want to cover because they are newsworthy or something remarkable has happened.  This is not one of those times. Compared to last year at this time, this letter would be about as boring as they get.  No massive … Read More

KROST Wealth Management Monthly Economic Update: April 2021

April 12, 2021By Phil Clark, CPWA®,CFP®

In this month’s recap: Stocks posted solid gains due to improving economic conditions and widening vaccination programs. However, tech and high-growth stocks played a limited role in the rally. Presented by Philip Clark, CFP®, CPWA®, April 2021 U.S. Markets Improved economic conditions and broadened vaccine programs ignited a broad stock market rally, though rising treasury yields … Read More

KROST Wealth Monthly Economic Update: March 2021

March 15, 2021By Phil Clark, CPWA®,CFP®

In this month’s recap: The burgeoning economic recovery and decreasing number of COVID-19 infections lifted stocks. Presented by Philip Clark, CFP®, CPWA®, March 2021 U.S. Markets Stocks notched a solid gain in February thanks to growing optimism surrounding the economic recovery and decreasing number of COVID-19 infections. The Dow Jones Industrial Average led, picking up 3.17 … Read More

Understanding the Alternate Valuation Date

February 27, 2021By Phil Clark, CPWA®,CFP®

When an individual dies, the executor is faced with an important decision that has the potential to impact the taxes owed by the estate and its heirs.1 The executor will have the option of valuing the estate on the date of death, or alternately, on the six-month anniversary of death – the latter is, fittingly, referred … Read More

Phil Clark, CFP®, CPWA®, Earns Advanced Wealth Management Certification—Certified Private Wealth Advisor®

February 22, 2021By KROST

Phil Clark, CFP®, CPWA®, Director at KROST in Pasadena, California, recently earned the Certified Private Wealth Advisor® certification, which is an advanced professional certification for advisors who provide the breadth of specialized skills required to meet the needs of high-net-worth clients. Phil has worked at KROST since 2018 and is responsible for Financial Planning for … Read More

KROST Wealth Monthly Economic Update: February 2021

February 8, 2021By Phil Clark, CPWA®,CFP®

In this month’s recap: As the month came to a close, stocks were mixed as attention shifted to unprecedented activity around a handful of companies with short-interest positions. Presented by Philip Clark, CFP®, CPWA®, February 2021 U.S. Markets Stocks were mixed in January, giving up much of the month’s gains in the final days of trading, … Read More

CalSavers Program Information

February 1, 2021By KROST

On September 29, 2016, Governor Jerry Brown signed into law Senate Bill 1234, also known as CalSavers. CalSavers mandates that all California employers must offer either a retirement plan for their employees or join the CalSavers program as an alternative. The program defines employees as anyone over the age of 18 who are paid by … Read More

Quarterly Client Letter – Q4 2020

January 27, 2021By Phil Clark, CPWA®,CFP®

COVID-19 vaccine prospects should make 2021 a year of Global Economic Recovery. As I sit here in my home office in early January, thinking about topics to add to this 2020 review and quarterly letter, my monitor is a constant reminder of how our world has changed, as I would normally be writing this letter … Read More

KROST Wealth Monthly Economic Update: January 2021

January 25, 2021By Phil Clark, CPWA®,CFP®

In this month’s recap: Stocks closed the year with a solid rally, fueled by the rollout of multiple COVID-19 vaccines and the signing of a new fiscal relief bill. Presented by Philip Clark, CFP®, January 2021 U.S. Markets A tumultuous year ended on a positive note as stocks rose in December, spurred by the rollout of … Read More

End-of-the-Year Money Moves 2020

December 10, 2020By Phil Clark, CPWA®,CFP®

Here are some things you might consider before saying goodbye to 2020. Presented by Philip Clark, CFP®, November 2020 What has changed for you in 2020? For many, this year has been as complicated as learning a new dance. Did you start a new job or leave a job behind? That’s one step. Did you retire? … Read More