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Level Names Steven Elwell, CFP® New Chief Investment Officer

PRESS RELEASE Amherst, NY: Level Financial Advisors has named Steven Elwell, CFP® the firm’s Chief Investment Officer, effective January 1, 2019.  Elwell, a partner at the Amherst-based company, most recently served as Vice President.  He replaces Richard Schroeder, CFP®, who retired in December after twenty years with the organization. Elwell was hired by the firm in 2007 and is a CERTIFIED FINANCIAL PLANNERTM professional. He is originally from Arkport, NY and a graduate of SUNY Alfred with a bachelor’s degree in financial planning.  In his new role he will continue to serve his clients, along with being on the corporation’s executive board. Additionally, he will chair the firm’s investment committee and guide their overall investment philosophy. Level manages $385 million in assets for 611 households. They celebrate their 40th anniversary this year.  Founded by Alan Vogt in 1979 as Paramount Planning, the company changed its name to Schroeder, Braxton and Vogt in 1999,...

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A Giant Lives On

The investment world lost one of its most influential figures January 16th, as John Clifton Bogle, better known a Jack Bogle, passed away at his home in Pennsylvania.  Jack was 89 years old and responsible for introducing the first index mutual fund for individual investors in 1976.  He built Vanguard from scratch, which ultimately became the world’s largest mutual fund company, and now manages over $5 trillion dollars for investors. Jack has always been an advocate for the individual investor, refusing to market Vanguard funds through back-end payments to brokers, therefore passing the cost savings on to investors.  Jack has authored some of the most important investment books of my lifetime, including my personal favorite Enough. True Measures of Money, Business and Life (2008).  The book brings together both an outline for building wealth and a deeper meaning for using it to enhance your life and the lives of people around...

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Level Acquires Angelucci Wealth Management

Michael Angelucci

PRESS RELEASE Level Financial Advisors announced today the acquisition of Angelucci Wealth Management, LLC, effective January 1, 2019.  The firm’s principle, Michael Angelucci, CFP®, MBA will join Level’s team of advisors in the New Year. Angelucci opened his Williamsville-based wealth management business in 2007, providing financial planning and fee-only investment management services to 120 clients.  The firm carries $25M in assets under management and another $90M in assets under financial advisement.  Angelucci will continue to service these clients from Level’s offices on Sweet Home Road in Amherst. “We are extremely excited to have Mike join our team,” said Level’s chief operating officer Michael Heburn. “First and foremost, he’s a great cultural fit for our company and our clients.  But just as important, Mike shares our philosophy on financial planning and doing what’s in the best interest of our clients, making him a natural fit for our growing firm.” Angelucci has a Bachelor of Arts...

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Build Your Own Tax Cut for 2018

Build your own tax cuts in 2018

The federal income tax cuts that were approved last year contained only modest decreases for average American taxpayers. You can work on your own tax cut for this year by taking some easy steps before the end of December. Here are some suggestions: Max out on your employer retirement plan contribution: You can ask your employer at any time to temporarily increase your contribution. If your regular payroll withholding is not at the maximum level, consider asking for a larger deduction for the rest of the year. Every dollar you put away reduces your 2018 income tax bill. If possible, contribute the maximum. On a 401k plan, you can contribute up to $18,500 this year. If you are age 50 or older, the maximum is $24,500. No 401k? Max the IRA: If you don’t have an employer plan and you qualify for a tax-deductible IRA contribution, try to make the...

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Steven Elwell Talks Advisor Shortages on Schwab Panel

Sitting on a panel of experts that included Charles Schwab's head of Advisor Services, Bernie Clark,  Steven Elwell, CFP® discussed the looming shortage of advisors in the financial services industry.  The panel took place at Schwab's Impact® 2018 annual conference, which attracts over 5,000 advisors, vendors and financial services experts.  Financial Planning Magazine reported on the discussion in this story: Click Here...

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