The flow of commerce is predicated on both the importers and exporters utilizing human capital, technology and natural resources to provide their products and services.Read More
I recently read that only 32% of all households have a relationship with a financial planner. (Journal of Financial Planning, Sept 2017) Let’s be clear, we’re not talking about a relationship with a financial advisor that just makes investment decisions;Read More
Having had the opportunity to attend the annual Schwab Impact conference in October, I found it to be invigorating and insightful. Those three days exposed me to a very eclectic range of speakers, from former U.S. Labor Secretary, Robert Reich, to Magic Johnson, who is not only a legend on the court, but a visionary in the business world.Read More
During prohibition, alcohol was very lucrative for crooks. Today, cybercrime has taken its place. You cannot turn the news on without hearing of someone having their identity stolen or email hacked.Read More
Online security is at the top of everyone's mind right now, and rightfully so. Although breaches at national companies have shown us no one is immune to hackers, we want you to know of ways to help protect your identity.Read More
It’s not always easy to put things into perspective. Sometimes we get caught up in the hoopla and simply forget to take a step back and take a fresh look at the situation…and sometimes we need someone else to remind us of this.Read More
When it comes to selecting a financial advisor, being picky is not pretentious. Alongside choosing a career path, it’s one of the most influential financial decisions you’ll possibly ever make.Read More
Perhaps you have a friend or know someone who has asked you to co-sign for a loan. Or maybe you’ve heard from your friend or acquaintance stories about a co-signing situation going terribly wrong. I’m not saying co-signing a loan for someone always goes badly, it just has the potential. Before you co-sign on a loan, understand what you’re doing and the risks involved of doing so. Co-signing on a loan means you are legally obligated for the loan and its payments. If the initial borrower defaults or decides not to make payments for any reason, you as the co-signer are then obligated to pay.
If a friend or family member is coming to you in need of a co-signer, this should be a red flag because it means they were not able to get approved for the loan on their own. Often lenders require a co-signer on a loan when the prospective borrower has insufficient income to afford the loan payments, does not have a sufficient credit history, or has a history of late or missing payments.
If you decide to move forward and co-sign on the loan, understand the loan will now show up on your credit report and will affect your credit score. If the initial borrower is late or misses a payment, this will negatively affect your credit score too because the loan shows in your credit history as your own.
Before co-signing on a loan for anyone, make sure you are in the appropriate financial situation to take on the debt payments if the original borrower can’t make the payments.
- Content Written by Elizabeth Braden, Worley Erhart-Graves Financial Advisors
Online security is on everyone’s mind right now, and rightfully so. Although breaches at national companies have shown us no one is immune to hackers, we want to share these three tips in order to protect your identity.Read More
On May 8, 2015 the U.S. Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) issued an investor alert for automated investment tools (such as robo-advisors and financial calculators).Read More
We like the saying, “be the change you want to see in the world”. At Worley Erhart-Graves Financial Advisors (WEFA), we try to live by those words, in both our personal and professional lives, when it comes to representing women in the financial industry.
According to an InvestmentNewsarticle, “only 17% of Fortune 500 board seats are held by women”. Why is this relevant? One body of research suggests, “where women have greater representation on boards, companies simply perform better.”
One astonishing 2012 report from Credit Suisse AG found “companies with women directors outperformed those without women directors in return on equity, average growth and price/book value multiples.”
According to a 2014 Thomson Reuters report, on average companies with no women on their boards underperformed relative to gender-diverse boards and had slightly higher tracking errors.
Mutual fund manager, BlackRock Inc. has reportedly revised their voting guidelines so their board members can become more sufficiently diverse. This is hopefully just the start for mutual fund managers to recognize the need for change in the board room.
You can read more about the national campaign to increase the percentage of women on U.S. company boards to 20% or greater by the year 2020 at www.2020eob.com.
At WEFA, we believe women can bring a different perspective to the table. We commend companies that revise their voting standards to include more women in their board seats. This is a win-win for women’s rights as well as company growth!
Prepared by Annie Albrecht, Worley Erhart-Graves Financial Advisors