INSIGHTS

Recently, Dimensional Fund Advisors (DFA) announced that they would be converting several existing mutual funds to exchange traded funds (ETFs), and we wanted to share  important information about the conversion. This is their second conversion of existing funds to ETFs. The first successful conversion took place this May.The funds impacted by this change are listed below:Fund Objectives Will Not ChangeIt is important to note that the investment objectives of these funds will not be changing. DFA believes the conversion to an ETF structure will be a benefit to shareholders through potentially greater tax efficiency, which is complementary to the investment objective of the tax-managed funds that are designed to maximize after-tax returns. The funds will also have a lower expense ratio post-conversion (a reduction of 27% on average).Tax Consequences of ConversionThe conversion from mutual funds to ETFs will be organized as a tax-free event for US tax purposes so we anticipate ...

DHG Wealth Advisors LLC (DHGWA) is pleased to announce Bill Laird as its Chief Investment Officer effective June 1, 2021.  Bill has also been promoted to the position of Director at Dixon Hughes Goodman LLP.  Bill has been a member of the firm’s Investment Policy Committee since shortly after joining the firm in 2009 and most recently served as Co-Chief Investment Officer, a title he has held jointly with Paul Harteg since June of 2020.   The expected transition of Bill to Chief Investment Officer after one year of sharing the title was announced by the firm in June 2020.   Paul Harteg will continue to serve clients and manage the Greenville, South Carolina advisory team.As Chief Investment Officer, Bill will lead the firm’s Investment Policy Committee, a team of the firm’s most experienced advisors and research associates, setting the direction for DHG Wealth Advisors’ investment methodology and client solutions. Bil...

Effective May 31, 2021, Paul Harteg will be stepping down from his role as our Co-Chief Investment Officer. He will continue to serve his clients and manage the Greenville, SC advisory team.

Recently, Dimensional Fund Advisors (DFA) announced that they would be converting several existing mutual funds to exchange traded funds (ETFs), and we wanted to share some important information about the conversion.

Recent market performance has brought to the forefront of investors’ minds the darlings of the technology and media sectors: Facebook, Amazon, Netflix, Microsoft, Apple and Google, collectively referred to as FANMAG. Their performance has been noteworthy and matches those of some previous market darlings like Exxon, General Electric or AT&T during their peaks. However, just like previous market leaders, recent results are not predictive of future individual or sector performance versus other available opportunities.

Since the end of January, #YOLO has been a rallying cry on internet message boards where amateur investors have driven up stock prices for video game retailer GameStop and movie theatre chain AMC. While everyone does have opportunities to build wealth via the markets, this particular group of fresh investors are only half-right about their investment strategy.

Attached is a summary of key tax and personal planning numbers for 2021.

Retirement plan compensation and contribution limits are subject to annual cost-of-living adjustments. On Oct. 26, 2020, the Internal Revenue Service (IRS) announced updated limits for retirement plans in 2021, reflecting cost-of-living adjustments for the coming tax year.

This year has been one of unprecedented challenges. The coronavirus pandemic and other natural disasters have resulted in significant disruptions to both our businesses and our personal lives.

We are pleased to announce Sarah Charles has been promoted to Director. A veteran of the financial services industry with more than 20 years of experience, Sarah is a dynamic, relationships-driven leader who is passionate about helping people and advising her clients to discover financial clarity and peace of mind.