WealthManagement.com: Explain Risk To Clients Now

Covisum President Joe Elsasser, CFP® recently contributed an article to WealthManagement.com, "Explain Risk To Clients Now," discussing how clients often have unrealistic downside expectations and some of the possible investment mistakes that can be made without properly analyzing their portfolio. He answers questions about effectively estimating a client's risk, what clients need to know about risk, how much a portfolio could lose in a particular period, diversification, and historical

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Posted in In The News, Risk, portfolio risk, Joe Elsasser, Downside Risk, Risk Tolerance, WealthManagement.com

ThinkAdvisor: Covisum's advisor and quant discuss cryptocurrencies and financial planning

In an ongoing series exclusive to ThinkAdvisor, Joe Elsasser, CFP® and Ron Piccinini, PhD provide readers with two distinct perspectives on the same topic. The most recent installment was published today, "The Advisor and the Quant: Cryptocurrencies and Financial Planning." 

In this edition, we asked both Joe and Ron what role will cryptocurrencies, like Bitcoin, play in financial planning strategies in the future?

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Posted in In The News, Joe Elsasser, Ron Piccinini, PhD, ThinkAdvisor, The Advisor & The Quant, Cryptocurrency

CNBC: Bad Social Security advice cost recipients $131 million, report finds

Covisum President Joe Elsasser, CFP® was recently quoted in a CNBC article, "Bad Social Security advice cost recipients $131 million, report finds." 

The article summarizes a report from the Social Security Administration's Office of the Inspector General, which estimated that 9,224 widow and widower beneficiaries, age 70 and up, were underpaid by over $131 million. The article goes on to explain how those who may have been affected can take steps to correct the issue. Joe offers this advice

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Posted in In The News, Social Security, Joe Elsasser, CNBC

ThinkAdvisor hears from the advisor and the quant: Using a Market Correction to Build Client Trust

In an ongoing series exclusive to ThinkAdvisor, Joe Elsasser, CFP® and Ron Piccinini, PhD provide readers with two distinct perspectives on the same topic – one from an academic, the other from a practicing financial advisor. The most recent installment was published today, "The Advisor and the Quant: Using a Market Correction to Build Client Trust." In this edition, we asked both Joe and Ron to discuss how to help clients deal with market volatility.

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Posted in In The News, Risk, Joe Elsasser, Ron Piccinini, PhD, Market Volatility, ThinkAdvisor, The Advisor & The Quant

WealthManagement.com: Is Social Security Benefit Planning Disappearing?

Covisum President Joe Elsasser, CFP® recently contributed an article to WealthManagement.com explaining explaining the value of Social Security benefit planning. When lawmakers passed the Bipartisan Budget Act of 2015, predictions circulated that the practice of helping clients maximize their Social Security benefits would wither and possibly even die. But optimizing Social Security benefit withdraws is still a relevant way to add to the bottom line of your clients’ retirement strategy.

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Posted in In The News, Social Security, Joe Elsasser, WealthManagement.com

The impact of tax reform on "Consider This" with Cathy Wyatt and Joe Elsasser

On February 9, Joe Elsasser, CFP® and President of Covisum appeared on "Consider This" on NET to discuss the impact of the Tax Cuts and Jobs Act. Watch the full interview here:

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Posted in In The News, Tax Reform, Joe Elsasser, Tax Cuts and Jobs Act, Tax Law, New Tax Law, video, NET

ThinkAdvisor asks the advisor and the quant: What are ‘fat tails’ and why do they matter?

Joe Elsasser, CFP® and Ron Piccinini, PhD were recently featured in a ThinkAdvisor article, "The Advisor and the Quant: What are 'fat tails' and why do they matter?"

We asked both Joe and Ron to answer this question: What are 'fat tails' and why do they matter?

In an ongoing series exclusive to ThinkAdvisor, Joe and Ron will continue to provide readers with two distinct perspectives on the same topic – one from an academic, the other from a practicing financial advisor. 

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Posted in In The News, Risk, Joe Elsasser, Ron Piccinini, PhD, Market Volatility, ThinkAdvisor, The Advisor & The Quant

Setting proper downside risk expectations during market volatility 

This just in from FinancialPlanning:

The Dow finished the day down by 1,032.95 points, or 4.15% at 23,849.23 — down 2,767 points, or 10.4%. A drop of 10% from its high of 26,616 on Jan. 26 is considered a correction. The S&P 500 tumbled 2.96%, erasing its gains for the year. Ten-year Treasury yields flirted with four-year highs. 

And on Wednesday, Suleman Din wrote an article for FinancialPlanning titled, "Can another digital demand crush be avoided?" Some of the industry's most well-known

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Posted in In The News, Risk, SmartRisk, portfolio risk, Joe Elsasser, Downside Risk, Market Volatility, FinancialPlannng

InvestmentNews: New tax law offers opportunities for advisers and retirees

After the Tax Cuts and Jobs Act passed and Covisum updated Tax Clarity to reflect the changes, we've seen a huge influx of interest in the software. We've updated all of our advisor-facing marketing materials that come with a paid subscription, including our white paper, "The Elephant and the Snowball: How Advisors Can, and Should, Talk Taxes with Clients." Recently, Mary Beth Franklin with Investment News covered the content in the article, "New tax law offers opportunities for advisers and 

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Posted in In The News, Tax Clarity, White Paper, InvestmentNews

PLANADVISOR: Advisers Beware and Be Cautious When Talking Taxes in 2018

On Tuesday, President of Covisum Joe Elsasser, CFP® and Dave Cechanowicz, JD, MSFS, AIF® AEP and Senior Financial Planner with REDW Stanley presented a webinar, "Tax Law 2018: What Advisors Need to Know," to hundreds of advisors across the nation. PLANADVISOR's John Manganaro attended and wrote this piece summarizing the presentation: Advisors Beware and Be Cautious When Talking Taxes in 2018.

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Posted in In The News, Webinar, Joe Elsasser, Retirement Planning, Tax Cuts and Jobs Act, Tax Law, New Tax Law, PLANADVISOR