As a Financial Analyst Intern, Brian engages in investment research and portfolio modeling to aide and support portfolio management decisions made by Brien and Sarah for the TWA clients. His primary scope of analysis is ensuring that investments our clients hold are optimal given their risk level through diligent quantitative and qualitative research and assigning them buy, sell, and hold ratings. Brian is especially interested in observing and evaluating short-term price fluctuations resulting from the changing economic climate and projecting performance in the long-term through valuation research and technical analysis.
Brian is entering his senior year at Texas A&M University in the Professional Public Accountant Program and will receive his Bachelors of Business Administration in Accounting and will then begin his graduate year pursuing his Masters of Financial Management. Upon graduation, Brian aspires to become a financial analyst for mergers and acquisitions at an investment bank and eventually start his own financial management company.
Outside of his studies and work at TWA, Brian is an active member of Gents Men’s Society of Texas A&M and is a peer leader for Freshman Business Initiative. He enjoys spending his time playing contemporary and classical piano, tennis to stay active, and getting outside. Brian is regularly spending time with friends and family and watching the latest good movie.
As the Financial Planning intern at Traditions Wealth Advisors, Kyler’s role is to support the development of the key systems and processes that TWA uses to operate efficiently and provide the optimal client experience. Along with Sarah and Brien, he conducts research, analysis, and review of the clients’ financial plans to assist them in achieving their life goals. Kyler’s main areas of interest within the Financial Planning process are portfolio management, retirement planning, and risk management.
Kyler is entering his final year here at Texas A&M and will graduate in May of 2021 with his Bachelor’s degree in Agricultural Economics and a minor in Financial Planning. Upon graduation, Kyler will be studying in preparation for the CFP exam, as well as finding a reputable employer to launch his career with.
On top of working for Traditions Wealth Advisors, Kyler is an active member of the Financial Planning Student Association and is a Financial Planning Ambassador. He has also been a member of the Club Basketball team for the last three years where he served as president last year. In his own time, Kyler enjoys reading books, establishing relationships, and playing basketball with friends.
The US Economy has been officially deemed in a recession due the pandemic-induced downturn. There are so many unknowns, not just with medical concerns with COVID-19, but also with your personal finances. How long until you find another job? Will your employer lay-off more workers? How long will this recession last? Here are some tips to recession-proof your finances to prepare for the days, weeks, and months ahead.
1. Increase your emergency savings
Job security has become very uncertain during the pandemic months. Boosting your emergency savings is more important than ever so that you can pay for your necessities in the event an emergency arises.
2. Live within your means
Make sure you have a monthly budget and you are not overspending. Groceries are a necessity but eating out is a luxury and limiting luxuries is a way to live within your means.
3. Plan for the long haul
The markets will continue to increase and decrease weekly. Do NOT adjust your long-term goals even when the near future is uncertain.
While it is hard to predict the future, especially that a pandemic was going to cause a recession, it is good to always be prepared for whatever the future might hold. For more tips or help planning how you will manage the recession, contact us Brien@traditionswealthadvisors.com or 979-694-9100.
Source: Foster, Sarah. “7 Steps to Recession-Proof Your Finances.” Bankrate, Smart Money, 8 June 2020, https://www.bankrate.com/personal-finance/smart-money/ways-to-recession-proof-your-finances/
As president of the B/CS Aggie Quarterback Club, Brien helped deliver the donation for the COVID-19 Charity Fund.
CARES Act -
The Coronavirus Aid, Relief and Economic Security (CARES) Act is an estimated $2 trillion federal relief package designed to combat the harmful economic effects of the COVID-19 pandemic.
SMALL BUSINESSES -
We are so proud of our Texas A&M Graduates, Madison and Meredith! It was not the way they wanted to leave TAMU, but they handled it with such resilience working hard from home for Traditions Wealth Advisors while studying through online classes to finish up their degrees during a pandemic. Thank you for all you have accomplished for the TWA clients and staff! You will be missed, but good luck in your next adventure! Madison will be moving to the Woodlands to work for PPC Loan as a closing coordinator. Meredith will continue to work for TWA full time while she finalizes her next steps. Congrats class of 2020, whoop!
Traditions Wealth Advisors—Market Commentary- Q1, 2020
The Coronavirus has left no person unaffected by its incredible suffering and loss of lives. While it is easy to be consumed by negativity, we remain positive. We have seen our government utilizing both monetary and fiscal policy to a capacity never seen before.
Historically, large stock selloffs as recently experienced have presented buying opportunities for serious long-term investors. Remember that short-term fluctuations are meaningless. Today, insider buying is at levels not seen since 2008-2009.
We remain optimistic. Long-term investors have always been rewarded by taking advantage of buying opportunities when others are fearful. And although this pandemic is horrendous, never underestimate the power of prayer.
Traditions Wealth Advisors is here for you. We will slowly be coming back to the office next week, but only 1 or 2 of us in the office at a time, while most employees will be working from home. We look forward to hearing from you.
Brien, Sarah and Michael
Monday, April 20, 2020
I hope all of you had a nice Easter. I know it was special for me, as our son made it back from Rome and out of his quarantine. Along with our son, our two daughters, our grandson and son-in-law, Kathy and I had a great Easter.
All of you should now have had a chance to receive and review your March 31st monthly statements. Just like our monthly statements here at the Smith household they were not pretty. However, remember the bad month of March was offset by the great 2019 and the first 2 months of 2020. For most of you, your rates of return were up 20%, 25% and, some of you, up 30% for the period January 1, 2019 until February 29, 2020. When we add in the terrible March and the first couple of weeks of April, most of you are still positive for that one year plus rate of return. When the markets are still down 20% from the highs of the markets back in February, most of you might be down half of that minus 20% for the year to date rates of return in 2020. So keep in mind you are not investing for one month, one quarter or even one year. We are investing for the long run or at least 5 years or more. Where do we go from here than?
I can make this analogous to a sporting event. Let’s take Aggie football for example. The Aggies are down 21 to nothing in the first quarter of the game. So, just like in the markets, do we panic and become very conservative and move all of our investments to cash and C.D.s? Do the Aggies only run the football on every play for the rest of the game so they don’t have an interception, passing the ball, and lose the game 42 to nothing? No, the Aggies maintain their game plan and slowly come back in the game because they have 3 more quarters in the game. Just as we need to maintain our financial and investment plans to recover what losses we may have. Yes, we may reallocate SOME of our investments, but most of our investments were carefully chosen to begin with, to not only decline much to begin with, but to climb or ascend after a downturn in the markets. Therefore, we are analyzing all of your portfolios and we might make some fine tuning recommendations, but not wholesale changes. Right now large growth companies (like Microsoft, Apple, Amazon, and many others) are doing well, but are they overpriced or overvalued? We are constantly researching the markets (both the macro economy and individual securities), listening to objective experts and second guessing and back testing your portfolios in an effort to improve the long term outcomes of your portfolios. We will not be able to keep your portfolio positive every month, quarter or even every year, but will always strive to have your portfolio meet your goals while keeping risk, volatility and fees as low as possible.
Thank you again for not overreacting to these tough times. Just like 2008-2009, 2001-2002 and even back to 1987 the markets and the economy will come back and thrive. However, it doesn’t make it easy right now and we recognize and empathize with that.
As always we are here for you. So don’t hesitate to contact any of us with your questions or concerns.
Be safe and healthy,
Even in quarantine, raising 'em right, WHOOP! Brien's grandson, Jack, exploring his future university as class of 2041!