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Level Ranked as One of WNY’s Top Financial Planning Firms

Buffalo Business First’s ranking of the largest financial planning firms in Western New York listed Level Financial Advisors 27th out of 54 firms locally. The publication ranks advisory firms based on local assets under management. Level serves 600 households and manages $380M in assets, with the vast majority of its client based in WNY.  The Amherst company employs six CERTIFIED FINANCIAL PLANNER® professionals.  Subscribers to Buffalo Business First can see the full list HERE....

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Level Financial Listed Again in National Ranking for Advisory Firms

Financial Advisor Magazine’s annual ranking of large independent investment advisors listed Level Financial Advisors 470 out of 707 firms nationally, according to the publication’s July edition. Querying thousands of firms throughout the U.S., Level posted  17.5% growth to $360 million in AUM (assets under management), marking the second year in a row the firm posted a +17% growth rate. The firm has continued its 2017 trend with strong results in the first half of 2018. The company achieved a record $380 million in AUM in July. "We continue working our strategic plan, which includes aggressive marketing, development of our CFP® professionals, and innovating our service offering and operations through technology," said the firm's Chief Operating Officer and Partner, Michael Heburn.  "We are constantly looking for new ways to bring value to our clients and it shows in the results our team has achieved over the last three years." FA Magazine  performs the annual survey as...

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VIDEO: Does a Declining Number of Stocks Affect the Size Premium?

Marlena Lee, PhD, Co-Head of Research – Dimensional Fund Advisors

Over the past two decades, the number of US-listed, publicly traded companies has decreased by half.1 There are many theories about what might be driving the change, such as increasing mergers and acquisitions activity, competition from global exchanges for listings, or changes in public policy and the regulatory environment for listed companies.

Historically, small cap stocks have had higher average returns than large cap stocks. This return difference between small cap stocks and large cap stocks is known as the size premium. Investors may wonder whether fewer listed companies might impact the size premium.2 Our latest research shows that, historically, neither the existence nor magnitude of the size premium have been related to the number of listed stocks.3Moreover, we believe investors should continue to expect a positive size premium over the long term.

Level Dedicates Conference Rooms to Alan Vogt and Richard Schroeder

PRESS RELEASE Amherst, NY: Level Financial Advisors, Inc. announced today that three of its conference rooms will be renamed to honor two of the firm's long-time owners. The client meeting rooms in the company’s Amherst offices will be named after Alan Vogt and Richard Schroeder later this week. “Richard and Alan have contributed so much to our firm’s history. We wanted to ensure their names will be a part of our future for years to come,” said Level’s president Rosanne Braxton, CFP®. Alan Vogt founded the firm in 1980 under the name Paramount Planning.   Rosanne Braxton was hired as an assistant soon thereafter and Vogt mentored her over the years to one-day take over as president.  The company has decided to rename another of its meeting spaces the “Paramount Room” as a further tribute to the history of the company. Mr. Vogt retired in 2010 but still visits the office on a regular basis. Richard...

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Tuning Out the Noise

For investors, it can be easy to feel overwhelmed by the relentless stream of news about markets. Being bombarded with data and headlines presented as impactful to your financial well-being can evoke strong emotional responses from even the most experienced investors. Headlines from the ”lost decade”[1] can help illustrate several periods that may have led market participants to question their approach. May 1999: Dow Jones Industrial Average Closes Above 11,000 for the First Time March 2000: Nasdaq Stock Exchange Index Reaches an All-Time High of 5,048 April 2000: In Less Than a Month, Nearly a Trillion Dollars of Stock Value Evaporates October 2002: Nasdaq Hits a Bear-Market Low of 1,114 September 2005: Home Prices Post Record Gains September 2008: Lehman Files for Bankruptcy, Merrill Is Sold While these events are now a decade or more behind us, they can still serve as an important reminder for investors today. For many, feelings of...

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Laura Roth Joins Level as Financial Planning Associate

PRESS RELEASE Amherst, NY: Level Financial Advisors has hired Laura Roth as a Financial Planning Associate with the fee-only investment management and financial planning firm. Mrs. Roth graduated from Edinboro University in 2017 achieving a Bachelor of Arts in Individualized Studies with a concentration in Financial Planning.  Since graduating, she has passed the CERTFIFIED FINANCIAL PLANNER™ examination in November and will complete her working experience requirements for certification by 2020. “We are very excited to add another bright, young professional to our growing team.  Laura will make an immediate impact in our organization and help us with the tremendous growth we are experiencing in Western New York,” stated Level’s chief operating officer Michael Heburn. Mrs. Roth will assist in client meetings, preparing financial plans and researching strategies to help clients save money, reduce taxes, and improve their financial lives.  She will also contribute to the firm’s financial planning and investment committees and work on...

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Steven Elwell Discusses Supreme Court Online Sales Tax Case

Steven Elwell, CFP® appeared on a WIVB Channel 4 News discussing a possible landmark case in the Supreme Court.  The case involves states’ right to impose sales tax on retailers that sell products online, even if they do not have property or personnel in the state requiring the tax.  The decision could mean more taxes for consumers, and more operational costs for businesses required to comply.