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SH&J News

Sharkey, Howes & Javer – Fiduciaries Since 1990

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With all the media surrounding the Department of Labor’s “Fiduciary Rule,” we are frequently asked if we are fiduciaries.

Since inception in 1990, the CERTIFIED FINANCIAL PLANNER™ professionals at Sharkey, Howes & Javer have always followed and will continue to follow the Fiduciary Standard as set forth by the CFP Board of Standards. Under this Fiduciary Standard, our commitment to you is to always act in your best interest no matter the topic.

The new Fiduciary Rule requires that all financial professionals put the clients’ best interests first when advising on retirement plans, such as 401(k)s, 403(b)s, SEP IRAs, Simple IRAs, Profit Sharing Plans, Employee Stock Ownership Plans (ESOPs), Pension and Defined Benefit Plans. This rule does not extend the fiduciary duty to accounts other than retirement accounts or to advice on matters such as college planning, estate planning or the myriad of other issues we advise our clients on every day. Sharkey, Howes & Javer chooses to extend our fiduciary responsibility beyond the retirement accounts to which the new Fiduciary Rule applies.

Acting in our clients’ best interest is and will remain the guiding principle of Sharkey, Howes & Javer.

An Evening of Entertainment with Sharkey, Howes & Javer

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On October 22, 2015, we held our annual client appreciation event. This year’s festivities were a little different than our previous events, as Sharkey, Howes & Javer was celebrating its 25th Anniversary. Rather than hosting our usual educational seminar, we hosted “An Evening of Entertainment” to celebrate twenty five successful years with the people who made it all possible, our clients.

The celebration took place at the beautiful Seawell Grand Ballroom within the Denver Center for the Performing Arts complex with approximately 380 of our clients in attendance. With lighting and drapery filling the ballroom, the ambiance set a festive mood for everyone.

The evening began with a cocktail hour, which included appetizers, drinks, and a magician who left guests in wonderment as to how he performed such tricks as turning dollar bills into one hundred dollar bills…If only we all knew his secret!

Following the cocktail hour, Eileen Sharkey presented a series of heartfelt speeches honoring our clients, staff, and her partners of 25 years, Joel Javer and Larry Howes.

Guests enjoyed a delicious dinner, and watched musical performances that took them on a journey through the years of Broadway. Acts included West Side Story, Grease, Chicago, Jersey Boys, and Rock of Ages.

The evening was a very special night for not only the clients in attendance, but for the partners and employees of Sharkey, Howes & Javer as we celebrated this important milestone.

On behalf of the entire team at SH&J, we want to thank each and every client for your continued trust and loyalty. We owe these past 25 years to you, and we look forward to the next 25 with you!

A Special Gift for a Special Client

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A Special Gift for a Special Client | Sharkey, Howes & Javer | Denver Financial and Retirement Planning

Not too long ago, one of our clients became extremely ill. At that time we sent her some unique chocolates from a local Chocolate company called Wild Women Truffles. We remembered this particular client enjoyed the chocolates very much, so a few days ago, when we were notified the client had become terminally ill, we called up Wild Women Truffles.

While this company is known for its catering at special events and can also be found at a variety of retailers, Wild Women Truffles doesn’t usually deliver chocolates to individuals. Yet, when we explained the situation of our client to them they made a special exception and, instead of accepting payment from us, offered the chocolate as a gift.

It is gestures like this that really touch us. Thank you to the staff at Wild Women Truffles for partnering with us to help make a difference.

2014 Q4 Quarterly Commentary

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In our quarterly reports to clients, we always include commentary on the markets, economy and other financially relevant information. Our 2014 Q4 reports recently went out, and we wanted to share our commentary with you as well. We would also love to hear your questions and comments in the comments section below.

New Year’s Resolution – “Do More of What Makes You Happy”

We think that would be a good resolution.  However, focusing on the financial markets around the world will rarely help!  The Media elicits emotions that cause lots of dissatisfaction and fear.

In 2014, for example, few categories did as well as big blue chip American companies.  The S&P 500 index did great, so now the news is full of advice about how you “should” have invested!  Of course with us, you DID invest in the S&P 500 – and your diversified portfolio also invested in bonds and other assets worldwide.  Remember 1987, 2000, and 2008 when the S&P 500 was, as the pundits later agreed, the one place to avoid investing in – EVER AGAIN! (Source)

Our society seems to love being unhappy about markets!  “Are they going to correct?”  Yes – we just don’t know which ones, when, and how badly.  “Did we miss out on the ‘best performance of the year/decade/century?”  “Which asset class was the one we should have exclusively chosen?”

If you had thought that the S&P 500 was the best place to be in 2014, think again.  The top performing market of 2014 was China (up 44%)!  Who would have guessed?!

We saw a fascinating report from the Medical Media about that other perennial New Year’s resolution – wanting to lose weight.  There exist as many, if not more, diets as there are sure fire ways to “beat the market”.  The American Medical Association threw up its hands and opined that although all diets may work, the only one certain to do so is “the one the patient will stick with!”  We think that makes a lot of sense, and we try hard to design investment portfolios that “the client can stick with.”

2015 will probably be the year the Federal Reserve raises interest rates – very carefully (Source).  We expect that our US bonds and stocks will weather the change well, despite turbulence and dire headlines.

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2014 Client and Friends Event Recap

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2014 Client Event | Sharkey, Howes & Javer | Denver Financial and Retirement Planning

Our annual Client Appreciation Event took place on October 9th at The Cable Center, which is located on the University of Denver’s beautiful campus. Our guests enjoyed a large spread which included prime rib, build-your-own tacos, lettuce wraps, a chocolate fountain, and even mini root beer floats. Despite the rain, the night was entertaining, mind-stimulating and very enjoyable.

To start off the presentations, Eileen gave us an interesting review of the firm’s most recent business trip to Indonesia and Singapore. Then, for the second year in a row, we welcomed Chief Political Strategist Greg R. Valliere to share his thoughts on the political and economic landscape. He shared the following 6 big themes he feels the media has gotten wrong or has exaggerated:

  1. Washington is hopelessly broken
  2. The Federal Reserve is gridlocked
  3. The budget deficit has plunged and we don’t have to worry about it
  4. The Republicans are now resurgent
  5. Hillary Clinton would be terrible for the market
  6. ISIS is the most frightening geopolitical issue facing us today

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