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DFA Reduces Cost Of Mutual Funds

Dimensional Fund Advisors (DFA) announced they are cutting costs on seventy-seven of their mutual funds beginning February 28th.  This represents an average management fee reduction of 8% on their funds, which are already considered low cost when compared to their industry peers. Any reduction in the cost of the mutual funds we use means that you, the investor, get to keep more of the returns earned by the fund.  We have long advocated for using low cost, tax efficient funds to implement our portfolios.  Morningstar, an independent mutual fund rating firm, has concluded in their own study that the cost of a mutual fund is one of the best predictors of the fund’s ability to perform well relative to its peers. Naturally, we ran a quick calculation to try and estimate how much we expect the annual savings will be for our portfolios.  We determined that the average cost of our 60%...

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Sad News From Level Financial Advisors

It is with a heavy heart that we announce the passing of our founder, mentor, and friend, Alan Vogt, who died peacefully with his family by his side on Tuesday evening.  Alan founded our firm in 1979 as Paramount Planning and grew the company into a regional leader in fee-only financial planning, helping hundreds of families and individuals along the way. Before his retirement in 2010, Alan was one of the first advisors in the country to embrace fee-only financial planning, gaining his CERTIFIED FINANCIAL PLANNER™ certification in 1984.   His pioneering commitment to fiduciary advice for clients became the bedrock that guides Level Financial Advisors and its employees today. Alan graduated from Cornell University in 1954 with a bachelor’s degree in labor and industrial relations and later received his law degree from the State University of New York at Buffalo in 1960, finishing first in his class. In his early career he...

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Paul Coleman III, CFP® Named President of FPA of WNY

PRESS RELEASE Amherst, NY: Level Financial Advisors announced that one of its advisors, Paul Coleman III, CFP®, was recently named President of the Financial Planning Association of Western New York.  Coleman has served on the board of the FPA since 2016 and was most recently the organization’s Treasurer. Mr. Coleman is a CERTIFIED FINANCIAL PLANNER™ professional with Level, having joined the firm in 2014. He is a graduate of SUNY Alfred with a Bachelors of Business Administration in Financial Planning. In his new role with the FPA, Mr. Coleman will oversee the association’s activities and finances, and work with the organization’s 117 members. The group meets on a monthly basis and also sponsors various networking and educational events throughout the year.  He will continue to service his clients at Level Financial. The FPA of WNY provides its membership with opportunities for networking, continuing education, and media exposure; it’s mission is to elevate the profession...

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Celebrating 40 Years

Today our team gathered at the place where it all started, forty years ago this week! On December 28th, 1979 our initial Certificate of Incorporation was filed with the New York Department of State by our founder, Alan Vogt.  In 1984, our company name was officially changed to Paramount Planning, named after the street Mr. Vogt and his wife Phyllis lived on in Tonawanda.  Forty years later, after two more name changes, that small one-person company has grown to fourteen employees managing more than $427 million in assets for over 620 families, individuals and organizations.  The founding principles of integrity, honesty, diversified investing, and long-term financial strategies instilled by our founder has followed the company throughout, making Level Financial one of the largest locally-owned independent registered investment advisory firms in Western New York. We thank all of our dedicated employees, our loyal clients, and -- most of all -- Mr. Alan Vogt,...

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