Single Point of View

Single Point of View is our way to occasionally share planning ideas relating to personal finance. Our goal is to pass along concepts that you may not be exposed to on a daily basis.

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Boston Business Journal Profile: Rene Jarquin

jarquin rene 24  We are very proud to see this profile of Rene Jarquin and SPP in this week's Boston Business Journal.  Hope you enjoy reading about him.   Outside the Box: Rene Jarquin builds social capital in wealth management Single Point Partners CIO says know the clients you are working for Nov 3, 2017, 6:00am EDT W. MARC BERNSAU Rene Jarquin, chief investment officer at Single Point Partners. Rene Jarquin Title: Partner and chief investment officer at Single Point Partners Age: 47 Education: Bachelor’s degree in economics, The Wharton School at The University of Pennsylvania, 1992; Master’s degree in business administration, Kellogg School of Management Northwestern University, 1997 Residence: Wellesley After 12 years at BNY Mellon, Boston-area financial executive Rene Jarquin has leapt to a boutique wealth management firm with a business model he describes as transformative. In March, Jarquin became partner and chief investment officer of Back Bay-based Single Point Partners, a 5-year-old wealth management firm that...
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The Twisted Logic of IRA-Rollovers

Rolling your 401(k) or 403(b) retirement balance into a broker’s ‘managed IRA’ program is too often the wrong choice done for the wrong reasons.  ‘Financial Advisors’ will justify the roll-over based on claims of broader choice, greater control and simplification at no extra cost.  More often than not, these arguments are based on incomplete disclosures of costs/benefits; and in some cases there is nothing more behind the ‘advice’ than just a revenue grab at the client’s expense.  After all, ‘gathering assets’ is the end-all, be-all in the brokerage business. In the last few years institutional retirement plans have come under massive legal pressure to offer their employees lower-cost investment options, mainly via Index-Tracking funds (‘Index Funds.’)  This is an immensely positive development for the investing public and a very negative one for the private wealth management industry.  Every major brokerage, insurer and bank has their eyes trained on this massive retiree...
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Health Insurance Renewal Season Notification

Fall marks the start of health insurance renewal season for most.  If you are a client, we will be reaching out to you directly to assist you in evaluating the various plan options available to you to identify the best solution for you and your family given how your circumstances have changed over the past year.  In the meantime, we wanted to provide some additional information to help point you in the right direction.   Workplace Insurance This is typically the time of year for employer open enrollment and employees can select their benefit packages for the year ahead.  It is important to review the plans available to you on an annual basis to evaluate changes – both within the plans being offered and relating to you and your family.  Consider whether your doctor is part of the network and the implications of being in an HMO vs. PPO.  It is...
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Seth Corkin - My Personal Story

I believe traditional wealth management is broken – but I have a vision for the future standard of financial advice, and I am incredibly lucky to have found two partners who share that vision.  Before I tell you how and why I joined Single Point, let me tell you a little about how I found my passion for financial planning.  I consider myself fortunate that I stumbled into my future career path at a relatively young age.  As an undergraduate at the University of Wisconsin-Madison I majored in a CFP® Board registered program at a time when financial planning was emerging as the preferred core component of the financial advisory relationship.  What I learned in my undergraduate coursework, and the subsequent years to follow, is that each client’s financial situation is an intricate puzzle and every decision has a cascading effect on other areas of the client’s financial picture.  I loved...
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Equifax Security Breach – What to do?!

Equifax – one of the three primary credit bureaus – announced last Thursday, September 7th, that they were the victims of a massive cyber-attack spanning from May – July 2017.  While cyber-attacks have unfortunately become more common in recent years, this attack is particularly notable as it is considered the largest breach of consumer data in US history, impacting approximately 143 million people in the US.  The most sensitive of personal data was compromised in this breach including Social Security numbers, birth dates, addresses, driver’s license numbers, and it is believed that around 209,000 people had credit card information stolen.       Here’s Our View on the steps necessary to remain protected from the ramifications of a breach of this magnitude.   Check to see if you were affected Equifax has set-up an online portal that allows individuals to check whether their personal data was compromised as part of the...
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