The MW Advisor Newsletter - July 2022
Embrace the Seasons and Cycles of Your Life
By?Seth Streeter,?MS, CFP?, CDFA?
Chief Impact Officer?and Founder
"Embrace the seasons and cycles of your life. There is magic in change."?- Bronnie Ware?
"Aging is an extraordinary process where you become the person you always should have been."??- David Bowie?
Summer has officially arrived. Students are enjoying time out of school, families are taking long-anticipated vacations, and hot weather has descended upon us.?
For many of us, our expectations for each season become familiar. We look forward to the unique activities, sights, and aromas that each season affords. Summers may be?for gardening, picnics, flowers, or beach visits. The fall may bring the return of the school year, autumn colors,?and the NFL season. The winter holds the holidays, making soup at home, and mountain resort vacation destinations.?
As individuals, we?have our own seasons of life as well. However, unlike the Earth’s four seasons, many of us experience new things as we approach new?seasons of life. We know these cycles?are predictable because we see those before us going through them. Yet it is our first experience with these?seasons that?makes them real to us.??
Someone may tell us about adolescence, parenting, or aging, but until we experience it ourselves, we cannot fully know.?It is when we look back in time that we can appreciate the lessons and experiences these life seasons provided us. This is how wisdom is gained and where maintaining the right mindset becomes most valuable.??
You may have heard about mindsets, specifically a fixed mindset versus a growth mindset. A fixed mindset is when we try to prove ourselves by winning, and a growth mindset is when we focus on learning over winning. As we age, our sandbox gets smaller if we stop playing the games we cannot win anymore.?Embracing a growth mindset allows us to expand our perspectives and learn how to enjoy life more fully, and in unique ways.?
We are fortunate to have a world-renowned growth mindset expert,?Eduardo Briceno,?who has shared the latest research on?how we can improve our mindset for aging at our latest?INSPIREDtalk. A replay is available?for those who could not attend the live session. Together, we can gain tools and insights for how we can best prepare for the season of life we are currently in and the?season ahead.?
Two of my favorite questions are, “What advice would you give to your younger self?” and, “What advice would your older self give you today?”?The answers to these questions can help illuminate the things in our lives that truly matter most. Here is to us heeding this self-counsel as we plan our years ahead!?Please share these insights with your Mission Wealth advisors so we can help empower your dreams into reality.?
--Seth Streeter
Firm Announcements
Central Coast Business Times Best Places to Work 2022
We are excited to be named one of the top 50 Central Coast Best Places to Work for 2022. The Pacific Coast Business Times, the weekly business journal for Ventura, Santa Barbara, and San Luis Obispo Counties, presents this award annually. Please read our full write up on this?award?on our website.
“When I look around the firm, I am proud to be associated with each and every person.”?said Founder and Chief Strategy Officer?Brad Stark.?“Trust, caring, mutual respect, high moral character, smarts are not even a question but just a given. Each person knows without a doubt that everyone is working together as a team for a collective good. It’s a wonderful and special environment. But it only happens because of who the people are in their hearts and minds. We are fortunate to have attracted more than our fair share.”
Inc. Magazine's Annual Best Workplaces 2022
For the third year in a row, Mission Wealth is excited to announce that we have been named to?Inc. Magazine’s annual?Best Workplaces list! The list is the result of a wide-ranging and comprehensive survey of American companies that have created exceptional workplaces and company culture whether teams are operating in person or remotely.?
Survey results showed that the word?caring?best describes Mission Wealth's work environment. 100% of Mission Wealth team member participants believed that the senior leaders of the organization value people as their most important resource. Team respondents also saw professional growth and career development opportunities readily apparent throughout the organization. You can read more about this?award?on our website.
“It has been said that adversity does not build character, it reveals it. Our team showed its true colors by continually elevating our service and outreach throughout the Covid pandemic”?said?Seth Streeter, Chief Impact Officer and Founder of Mission Wealth.?“With priority given to virtual programs that kept our cultural cohesion high, we adopted a distributed workforce model that allowed us to hire diverse and top talent from across the country. With a team size increase of over 45%, our capacity to serve from a base of unique strengths and perspectives has never been stronger.”
Watch Our Latest?INSPIREDtalk??with?Eduardo Brice?o
Having a "growth mindset" has never been more important than now. The world is changing at an incredibly fast pace and there are new challenges we must face every day - whether at home, at work, or even when entering in a new chapter of life.?
On Thursday, July 7th, Mission Wealth's Chief Impact Officer Seth Streeter sat down with Eduardo Brice?o who revealed a simple way to incorporate a growth mindset into your daily life and how to achieve your goals. They also shared useful techniques to keep learning and evolving, regardless of your stage in life.
This free event is now available to?watch on demand.?Please click?here?to review our event takeaways, watch the full interview, and more.?
For more information and recordings on our past INSPIREDtalk??events, please?visit our website.
Meet Our New Director of Client Relationships, Sara Clark
领英推荐
As part of our Client Advisor Management Team, Sara is instrumental in coaching and training our Client Advisors in order to deliver an excellent service experience to firm clients.?
Note from Sara: "I am excited to join the Mission Wealth team to lead firm initiatives and special projects, while working closely with the Client Advisors and key internal stakeholders. I admire Mission Wealth’s entrepreneurial culture and steadfast commitment to clients, which inspired me to join the firm to work with like-minded advisors and associates.
Prior to joining Mission Wealth in April 2022, I served as the Director of Relationship Management for AdvicePeriod, a $5 Billion Registered Investment Advisor acquired by Mariner Wealth Advisors in June 2021. I partnered with the advisors to support client relationship management needs, business development efforts, and training resources, both inside and outside of the firm.
I also served as a Senior Vice President in the Office of the CEO at Kayne Anderson Capital Advisors, L.P. where I was responsible for working with the CEO and Executive Committee to spearhead strategic initiatives and cross-functional projects at the firm.
I spent nearly a decade advising ultra-high net worth families, entrepreneurs, and corporate executives with investment management and capital markets needs at Morgan Stanley Private Wealth Management, Barclays Wealth and Investment Management, and Citi Private Bank.
At Mission Wealth, we are keenly focused on providing robust resources and comprehensive training to our advisors in order to deliver an excellent client experience. As we continue to refine our client service offering, we welcome feedback from you and your family regarding your client experience. If there are additional services that would be of interest, please do not hesitate to reach out. I look forward to working with you, as we continue to augment our world-class wealth management firm offering."
Read more about Sara in her?bio on our website.?
Mission Wealth Opens New Office in Peoria, AZ
Mission Wealth has opened a new office in?Peoria, Arizona. The office is located at 16165 North 83rd Avenue. We are proud to be able to serve clients from all of our 22 offices across the U.S. To learn more about our locations, visit our?locations page?on our website.
Team Announcements
Please join us in congratulating Client Advisor Associate?Kayla Harrell, CFP??on earning her?Certified Financial Planner? designation. This certification?is the standard of excellence in financial planning. CFP? professionals meet rigorous education, training, and ethical standards, and are committed to serving their clients' best interests today to prepare them for a more secure tomorrow. At?Mission Wealth?we celebrate a?growth-mindset and promote continuous learning and career advancement for our team.?Congratulations?Kayla and we look forward to your many years ahead at Mission Wealth!
Mission Wealth would also like to congratulate?Client Advisor Associate?Shinaola Atoro, MPS?and Sr. Client Advisor Associate?Lisa Murphy, MPS?on their recent graduation from Columbia University's, School of Professional Studies with their Masters of Wealth Management! We look forward to you changing the world with us!
“You are educated. Your certification is in your degree. You may think of it as the ticket to the good life. Let me ask you to think of an alternative. Think of it as your ticket to change the world.”?— Tom Brokaw
Client Corner: Intra-Family Loans
By?Brandon Baiamonte,?MS, CPA, CFE, CFM
Director of Tax Strategy
Do you have a family member who needs money for one of the following reasons?
You may have considered loaning money to that family member. There are several advantages of loaning money to your loved one instead of your family member obtaining a third-party loan outright. These advantages include:
However, there are also a few questions to think about before offering a family member a loan, and some important tax and income considerations to discuss.?
To learn more,?visit our blog?as our Director of Tax Strategy, Brandon Baiamonte, breaks down what advantages intra-family loans can have, and how you can most effectively plan and execute them.
Family loans can be a great tool, but it's important to be aware of and follow the rules to avoid IRS scrutiny. Please reach out to your client advisor at Mission Wealth for more information. As always, it's prudent to also discuss any tax consequences with your CPA.
The Mission Wealth INSIGHTS Blog
We specialize in providing timely and thoughtful advice when you are faced with events such as retirement, divorce, loss of a loved one, sale of a company or diminishing health. We are with you through your ups and downs, to help you navigate your path with prosperity and confidence. Please visit our Insights Blog on our website to learn more!
Copyright ? 2022, Mission Wealth is a Registered Investment Advisor. All rights reserved.
ALL INFORMATION HEREIN HAS BEEN PREPARED SOLELY FOR INFORMATIONAL PURPOSES. ADVISORY SERVICES ARE ONLY OFFERED TO CLIENTS OR PROSPECTIVE CLIENTS WHERE MISSION WEALTH AND ITS REPRESENTATIVES ARE PROPERLY LICENSED OR EXEMPT FROM LICENSURE. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RETURNS. INVESTING INVOLVES RISK AND POSSIBLE LOSS OF PRINCIPAL CAPITAL. NO ADVICE MAY BE RENDERED BY MISSION WEALTH UNLESS A CLIENT SERVICE AGREEMENT IS IN PLACE. 00454730 07/22