A team to guide you
Our team of advisors guide you through various retirement scenarios, quantify your goals and plan for life’s uncertainties before crafting a retirement plan that aligns with the future you envision.
Presenters: Andy Pratt, CFA, CAIA, Rhonda Collins, CPA, and Adam Newman, CFA, CFP®, MT, RICP®
On January 9th, 2025, Burney leaders hosted our annual Town Hall webinar.
The panel featured Andy Pratt, CFA, CAIA (Investment Team), Rhonda Collins, CPA (Tax Team), and Adam Newman, CFA, CFP®, MT, RICP® (Wealth Management), who addressed questions spanning market outlook, tax planning, and comprehensive financial strategies.
You can browse the topics discussed and main takeaways using the sections and time stamps below:
- 24:20 - Investment Outlook and Strategy
- 16:58 - Tax Planning and Advisory Services
- 46:30 - Retirement and Financial Planning
- 57:20 - Looking Forward
- 59:51 - Q&A Session
Investment Outlook and Strategy (24:20-29:52)
Market Perspective for 2025
- Historical data suggests market resilience, with the S&P 500 growing from around 100 in 1990 to approximately 6,000 today
- Potential shift from growth to value stocks anticipated in the coming year
- Analysis shows market advancement beyond the "Magnificent 7" stocks
- Strong economic fundamentals support current market levels, with indicators showing sub-3% inflation, 4% unemployment, and roughly 3% economic growth
Portfolio Management Considerations
- Focus on diversification beyond large-cap growth stocks
- Strategic evaluation of opportunities in smaller companies
- Careful consideration of private credit and alternative investments
- Balanced assessment of valuations, particularly in technology sector
Tax Planning and Advisory Services (16:58-18:55)
Burney Tax Advisors Approach
- Quarterly tax planning versus traditional annual preparation
- Integration with investment and wealth management strategies
- Focus on eliminating tax surprises through proactive communication
- Comprehensive review of life changes affecting tax situations
Strategic Tax Planning Opportunities
- Evaluation of business structures (sole proprietorship vs. S-corporation)
- Charitable giving strategies aligned with financial goals
- Coordination between tax planning and investment decisions
- Strategic retirement account planning
Retirement and Financial Planning (46:30-48:15)
Retirement Account Strategies
- Analysis of 401(k) rollover decisions, considering investment flexibility and creditor protection
- Evaluation of Roth conversion opportunities based on income levels and life transitions
- Strategic consideration of backdoor Roth IRA contributions
- Review of retirement plan options and their tax implications
Estate Planning Considerations
- Essential foundation documents for all clients:
- Will
- Medical power of attorney
- Financial power of attorney
- Advanced planning strategies for estates exceeding federal exemption amounts
- Regular review and updates based on life changes
- Coordination with tax and investment strategies
Looking Forward (57:20-59:51)
The Burney team emphasizes their integrated approach across investment management, tax strategy, and financial planning. With the launch of Burney Tax Advisors in July 2023, the firm now offers comprehensive tax planning services that complement their existing wealth management expertise.
A Comprehensive Approach
- Proactive quarterly tax planning
- Integrated investment strategy
- Regular communication and education
- Focus on long-term relationship building
- Emphasis on minimizing surprises through careful planning
Q&A (59:51-1:01:13)
- Addressed questions about the bond outlook
- Discussed potential changes in estate tax laws
- Explored the impact of political tensions on the global economy
- Answered queries about national debt and its effect on markets
This summary reflects the discussion from Burney's January 2025 Town Hall webinar. For specific advice regarding your financial situation, please consult with your advisor.
CNBC’s annual FA 100 ranking was published on 10/2/2024 for the year 2024. The Burney Company did not pay CNBC any compensation for being considered for the list, however, Burney Company does pay a licensing fee to use the CNBC logo in marketing materials. A link to the CNBC selection criteria can be found by going to https://cnb.cx/3Pg6FVh. The CNBC award was given to The Burney Company, the parent company which encompasses nine other Affiliated Portfolio Managers, and not Burney Wealth Management.
The Burney Company is an SEC-registered investment adviser. Burney Wealth Management is a division of the Burney Company. Registration with the SEC or any state securities authority does not imply that Burney Company or any of its principals or employees possesses a particular level of skill or training in the investment advisory business or any other business. Burney Company does not provide legal, tax, or accounting advice, but offers it through third parties. Before making any financial decisions, clients should consult their legal and/or tax advisors.
