July 2014



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A Pilgrimage To Omaha

By:  Philip Weiss | CFA, CPA – Chief Investment Analyst Background Each year on the first weekend in May, value investors flock to Omaha, Nebraska, for Berkshire Hathaway’s (BRK) annual meeting, which has also been referred to as “Woodstock for Capitalists.” This year, I was fortunate enough to be one of the record 38,000 to 40,000 people who made the journey. The crowd was so … Continue reading





Do You Have the Right Small Business Retirement Plan?

By: Joseph Caputo – Chief Information Officer and Associate Portfolio Manager Has your business established a retirement plan that is right for you and your employees? If you are like many business owners, you probably do not have the time to research all the different plans and options that are available, based on the type of business you run. For example, depending on your business, … Continue reading



Housing, Mortgages, and Interest Rates – Oh my!

By:  Mark Stinson | CPA, CFP®, MBA – Director of Planning America’s residential sector was once the preserve of “mom-and-pop” investors or local developers. The role of hedge funds became apparent only when those who bet massively against the housing market—”The Big Short,” as it was later termed—made billions while their rivals floundered. By gambling that subprime mortgages, extended to borrowers with no plausible means of … Continue reading



Mosaic Community Services

By:  Mike LaViña – Portfolio Manager and Director of Trading Last quarter, BWFA announced a partnership with the Community Foundation of Howard County as part of our effort to facilitate charitable giving in our community. We believe that giving back to the community not only benefits the recipients of those gifts, but also enriches the giver and the community at large. In that spirit, we … Continue reading





Selling a Medical Practice

By:  Brian MacMillan – Managing Director M&A The majority of medical practice owners do not know how to sell their practices, and many are not aware that selling to a third party is even an option. Since many doctors are not aware of their options, they frequently roll their practices into a hospital system and begin receiving a salary as an employee, sell their practices … Continue reading



Start Planning Now for Next Year’s Tax Return

By:  Sharolyn Hockey – Tax Manager Filing their income tax return is a chore most Americans dread. Once that return is filed, you probably stop thinking about your taxes, don’t you? But there’s no better time to start your tax planning. Now is the perfect time to organize your tax records and set yourself up for a less painful 2014 tax reporting process. Here are … Continue reading



Underneath the Waves: Sector Rotation Beneath the Stock Market Sea

By:  Jim Edwards | CFP® – Financial Advisor and Portfolio Manager The stock market can be compared to an ocean with individual companies representing boats traveling on its seas. There are times when certain parts of this ocean are choppier than others. In the first half of this year, for example, there wasn’t much movement in the broader market (the ocean surface). At the same time, … Continue reading



What’s Happening at BWFA

By:  Meghan Manas – Office Manager Employee Spotlight  – Ben Dorsey | CPA, CFP®, MST – Director of Tax Services Tell us a bit about yourself. where did you grow up?  I grew up in Mt. Airy, MD and went to college in Maryland at Towson  University and University of Baltimore. When did you first know you wanted to work as a tax professional?  The … Continue reading



Where There’s a Will… or When There Isn’t…

By:  Thad Ismart, CFP ® – Financial Planner What do Picasso, Abraham Lincoln, Martin Luther King Jr., and Howard Hughes have in common? They all passed away intestate—that is, they passed away without a Will. If you have not created a Will, then you have something in common with some of the richest and most famous people in history! However, this is not good news. You … Continue reading