NNP IN THE NEWS: Fees vs Commissions

Is your financial advisor’s compensation aligned with your best interests?

Fees or commissions? There is a vast difference of opinion among financial advisors regarding which is best. In the April 21 issue of the Upstate Business Journal, Nachman Norwood & Parrott’s Vice President, Maura Copsey, weighed in on understanding the difference and what you should take into consideration that aligns best with your financial goals.

There can be an appropriate time and a place for both fees or commissions; however, not fully understanding them could significantly impact your long-term outcome. Take time to learn more about understanding the costs to ensure your goals are aligned and headed in the right direction.

Read the full article on the Upstate Business Journal’s website. If you’d like to schedule an appointment with a financial advisor at Nachman Noorwood & Parrott to discuss what is best for your needs, call us at (864) 467-9800.

NNP IN THE NEWS: Bob Nachman Named Top 1200 Financial Advisor by Barron’s

Nachman Norwood & Parrott’s Bob Nachman Named Top 1200 Financial Advisor by Barron’s

Congratulations to Bob Nachman, Managing Director at Nachman Norwood & Parrott, for being ranked among Barron’s Top 1200 Financial Advisors in the country for 2017. Winner’s Circle, a Barron’s research organization, produced the rankings based on data provided by more than 4,000 of the nation’s most productive advisors. Among the factors taken into consideration for the rankings are assets under management, business production, regulatory record, quality of practice and philanthropic work. The news of Bob Nachman’s recognition was featured in GSA Business Report and Greenville CEO.

The rankings are based on data provided by thousands of advisors. Factors included in the rankings were assets under management, revenue produced for the firm, regulatory record and client retention.

NNP IN THE NEWS: The Need for Personal Insurance

wealth managementIn the January 12 issue of the Upstate Business Journal, Nachman Norwood & Parrott’s Vice President Wes Boyce discusses a trend amongst high-net-worth individuals to underestimate their need for personal insurance. This is the third and final article in a three-part series that explains the importance of having an experienced and diverse group of professionals involved in your wealth planning.

Boyce describes the recent trend, also observed by Greenville insurance broker Howard Einstein, that high-net-worth individuals are neglecting to revise or adjust their insurance plan, even as their wealth grows. A lack of planning in this area is not typically an issue in the present, according to Boyce, but can lead to frustration and confusion later in life, not to mention potential financial loss.

Read the full article on the Upstate Business Journal’s website. If you’d like to schedule an appointment with a financial advisor, call us at (864) 467-9800.

NNP IN THE NEWS: A Matter of Perspective

Wealth Management In the January 5 issue of the Upstate Business Journal, Russ Miller, Vice President at Nachman Norwood & Parrott, shares why having tax and legal advisors is an essential part of the team you trust to help navigate your financial plan. This is the second column in a three-part series that explains the importance of having an experienced group of professionals involved in your financial plan.

Miller notes it is important to look to tax and legal experts, especially when making large decisions in life, such as buying or selling a business, as they would be most up-to-date on rules and regulations. Not consulting someone who fully understands these ever-changing rules and regulations might have a significant impact on your personal wealth, says Miller, particularly if your personal and business finances are intertwined.

Read the full article on the Upstate Business Journal’s website. If you’d like to schedule an appointment with a financial advisor, call us at (864) 467-9800.

NNP IN THE NEWS: The Donald

The economy and wealth managementIn the December 28 issue of The Greenville News, Nachman Norwood & Parrott’s Managing Director, Bob Nachman, examines the effect our new president, Donald Trump, might have on our economy.

Bob notes that while it might be too early to know exactly what policies will be put into place by this administration, we can draw conclusions from comments that were made by the Trump team during the election. Nachman warns that even though the market is going up, you should be careful about buying expensive assets. “People have a tendency to throw caution to the wind when markets climb, but it’s actually a time to keep perspective,” says Nachman.

Read the full article on the electronic version of the December 28 issue of The Greenville News on The Greenville News’s website.

NNP IN THE NEWS: Managing Wealth Takes More Than A Financial Advisor

Wealth Management In the December 20 issue of the Upstate Business Journal, Nachman Norwood & Parrott shares the first column of a three-part series on the importance of having an experienced group of professionals involved in your financial plan. In this first article, Managing Director Bob Nachman, focuses on why creating a financial plan with a knowledgeable financial advisor is key to successful wealth management.

Nachman outlines four ideas to consider: spend less than you earn, plan for your dreams, leverage legal resources and work the plan. “We see too many high-net-worth individuals who do not live within their means and income, but instead depend on their portfolios and returns to support their lifestyle,” Nachman observes. “Being responsible with your money is necessary to guarantee long-term financial health, no matter your level of wealth.”

Read the full article on the Upstate Business Journal’s website. If you’d like to schedule an appointment with a financial advisor, call us at (864) 467-9800.

NNP IN THE NEWS: Anarchy in the UK

Anarchy in the UK?

Published June 29, 2016

Brexit_JPGIn the June 29 issue of the Upstate Business Journal, Nachman Norwood & Parrott’s Managing Director, Bob Nachman, was quoted in an article about Brexit’s effect on the global markets along with professionals from GE, BMW and others. Nachman agreed that the Brexit vote is generating widespread uncertainty, with the Dow falling 610 points following the vote, and with losses continuing.

“If you have a properly diversified portfolio, there’s no reason to panic, said Nachman. “There could be investment opportunities that present themselves because of this. That’s not just stocks. That could be bonds or other type investments.”

Read the full article on the Upstate Business Journal’s website, or call us at (864) 467-9800 if you have questions.

NNP IN THE NEWS: Perspective Paper

Perspective Paper_8.11Nachman Norwood & Parrott (NNP) released a perspective paper earlier this June to offer insights from experts in key areas of wealth management. These focus areas are meant to help inform high net worth individuals in tax, legal, real estate and insurance planning — which are all essential factors that play a vital role in wealth management.

News of the publication of “Perspectives” was featured in Upstate Biz SC and the Greenville Business Magazine. To learn more about “Perspectives” click here.

Perspective Paper: NNP releases white paper on wealth management

Wealth management white paperOn Thursday, June 9, Nachman Norwood & Parrott (NNP) released a perspective paper highlighting wealth management, tax, legal, real estate and insurance planning insights for high net worth individuals. NNP interviewed the following professionals who offered their expertise to help guide you in the key areas of wealth management:

• Tax professional: Kris Gretzschel, Wells Fargo Advisors, LLC
• Tax law professional: David Merline, Merline & Meacham, P.A.
• Commercial real estate professional: Clay Grubb, Grubb Properties
• Residential real estate professional: Joan Herlong, AugustaRoad.com Realty, LLC
• Insurance professional: Howard Einstein, Rosenfeld Einstein

As an industry leader, NNP understands that perspective is informed by multiple points of view and no decisions are made in a vacuum. Engaging industry professionals to help guide specific areas of wealth management can help one make better informed decisions and help individuals maintain a long-term plan.

To learn more about NNP’s Perspective Paper click here.

NNP IN THE NEWS: Carter Hall named Associate Financial Advisor with Nachman Norwood & Parrott

02.25.16 Carter Hall GreenvilleOnline.comCarter Hall named Associate Financial Advisor with Nachman Norwood & Parrott

Congratulations to Carter Hall for being named an Associate Financial Advisor with the firm. Carter joined Nachman Norwood & Parrott Wealth Management Consultancy in 2013 as a Registered Associate and obtained his Certified Financial Planner™ certification in 2015. The news of Carter Hall’s promotion was featured on UpstateBizSC.com, Greenville Business Magazine, and Upstate Business Journal.