January 2014



Advisor Quarter 4


BWFA and Social Media

By: Joe Caputo Our world is now almost entirely a digital reality. Facebook has led the way with its 1.1 billion users. YouTube has over a billion users. LinkedIn and Twitter each have well over 200 million users and are still growing. Over the past few years, we have seen a tremendous increase in the use of social media services worldwide. Our It has become a part of … Continue reading



Delayed Start to the 2014 Tax Season Blamed on October’s Government Closure

By: Sharolyn Hockey It’s dejà vu all over again! Last year it was the late-hitting American Taxpayer Relief Act of 2012 tax law changes, and this time it’s the shutdown, but once again the Internal Revenue Service won’t be ready on time. Back on October 22, the IRS had already announced a delay of approximately one to two weeks to the start of the 2013 … Continue reading



Employee Announcements

At BWFA we strive to provide the best possible customer service for our clients. With that goal in mind, and to keep up with the needs of our growing client base, BWFA is pleased to welcome our two newest staff members: Jim Edwards, CFP Jim joined BWFA in October 2013. He began his career in financial services as a Finacial Advisor at Morgan Stanley in … Continue reading



Employee Spotlight : Susan Kelley

Sue Kelley is already scheduling appointments for the 2013* filing season. If you haven’t scheduled your annual meeting with your BWFAtax advisor, or if you’re new to BWFA’s tax services, she’d love to hear from you to set upan appointment! What did you do before coming to BWFA? Before coming to BWFA, I spent 26 years in the US Army. I was a member of … Continue reading



Financial Resolutions for 2014

By: Thad Ismart At the beginning of every year, many of us make resolutions to become healthier and to have a more active lifestyle. However, often very little time is given to address our financial lives. Financial goals can be best achieved if they are written down on paper, are specific, and include a time frame in which they should be completed. The following are … Continue reading



Importance of Dividends

By: Philip Weiss It’s well-known that dividend-paying stocks can be an important part of retiree portfolios. These stocks can provide cash flow for income needs while giving retirees the opportunity to hold investments that will grow in value. But dividends can play an important role in the portfolios of other types of clients, too. First, they often are an important component of any portfolio’s overall … Continue reading



Mergers and Acquisitions: The BWFA Advantage

By : Brian MacMillan If you ask a business owner how much he’d like to get for the sale of his business, the answer inevitably is, “As much as possible!” While this might seem to be the obvious answer, getting as much as possible is only one factor that comes into play when developing a plan to sell your business. Other factors also need to … Continue reading



Pushing the Limits of Simplicity

By: Mark Stinson …we all think we’re above-average investors, just like we all think we’re above-average drivers… -Jack Bogle Author and financial advisor Carl Richards spoke at the National Association of Personal Financial Advisors (NAPFA) East Conference in Philadelphia in October 2013. I was excited to attend his presentation because I had read his book, The Behavior Gap, and found it to be enlightening about … Continue reading



Registered Investment Advisors and Brokers: What is the Difference?

By: Rob Carpenter Fiduciary Vs. Suitability  There are two primary groups that offer investment advice and services to clients – investment advisors, such as BWFA, and investment brokers who generally work for broker-dealers. The key distinction between these two groups is one that is often not understood by the investing public. Registered Investment Advisors such as BWFA are required to adhere to a fiduciary standard, … Continue reading



Tax Law Changes in 2013 from the Affordable Healthcare Act

By: Sharolyn Hockey The Patient Privacy and Affordable Care Act (also known as the “ACA” or “Obamacare”) dominated the headlines before and after its rollout. What many Americans still don’t realize is that the ACA included way more in its 2,407 pages than just healthcare mandates. The 2010 law included three key tax law changes that will impact taxpayers in 2013. Medical Deduction Floor Only … Continue reading





Three Reasons Individual Investors are Coming to BWFA

By: Chris Kelly With the seemingly infinite amount of information available at the fingertips of individual investors – from financial websites, to mobile investment apps, to investment do-it-yourself media personalities (and the list goes on and on) – some investors may begin to question why professional advisors are necessary. Our answer to those investors is simple: You can’t be a successful steward of your own … Continue reading



What is Happening at BWFA?

By: Meghan Manas The Green Spring Tennis & Educational Foundation The Green Spring Tennis & Educational Foundation helps promote the development and growth of tennis for adults and youth in the local community. BWFA was a premier sponsor for their TennisFest Week Fundraiser in November. Rob Carpenter and Eric Manas (husband of BWFA staff member Meghan Manas) represented BWFA on the courts that night! www.gstef.org Howard … Continue reading