Grant Street Asset Management

When it comes to planning one’s legacy, there’s no standard playbook to follow but rather a few best practices that help shape a plan as it changes over time. At Grant Street Asset Management, we understand giving back to others is an initiative often at the top of the legacy list, however, this giving is usually just one part of the overall strategy. To learn more about considerations for your legacy plan and how giving to loved ones may help continue your legacy, click here: https://lnkd.in/dskkEyHN #GSAM #CAIA #LegacyPlanning #EstatePlanning #WillsandTrusts #FinancialGifting #CharitableGiving

Meet 𝗦𝗰𝗼𝘁𝘁 𝗗𝗼𝗹𝘀𝗼𝗻, Grant Street Asset Management (GSAM) Wealth Advisor. As a member of our Investment Committee, Scott holds the Chartered Alternative Investment Analyst (CAIA) designation and is on the Executive Committee of the CAIA Pennsylvania Chapter. Scott, a problem-solver who focuses on simplifying complex situations, has a precise approach that involves looking at the complete picture of a client and their family. Understanding all their pieces, including ones that seem unrelated, equips Scott to deliver more complete solutions, rather than just solving for a particular instance. “𝘛𝘩𝘦 𝘤𝘭𝘪𝘦𝘯𝘵 𝘦𝘹𝘱𝘦𝘳𝘪𝘦𝘯𝘤𝘦 𝘸𝘦 𝘱𝘳𝘰𝘷𝘪𝘥𝘦 𝘢𝘵 𝘎𝘚𝘈𝘔 𝘪𝘴 𝘸𝘩𝘢𝘵 𝘥𝘪𝘧𝘧𝘦𝘳𝘦𝘯𝘵𝘪𝘢𝘵𝘦𝘴 𝘶𝘴 𝘧𝘳𝘰𝘮 𝘰𝘵𝘩𝘦𝘳 𝘧𝘪𝘳𝘮𝘴. 𝘖𝘶𝘳 𝘤𝘰𝘭𝘭𝘦𝘤𝘵𝘪𝘷𝘦 𝘦𝘹𝘱𝘦𝘳𝘪𝘦𝘯𝘤𝘦 𝘢𝘤𝘳𝘰𝘴𝘴 𝘵𝘩𝘦 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘢𝘯𝘥 𝘰𝘶𝘳 𝘵𝘦𝘢𝘮 𝘢𝘱𝘱𝘳𝘰𝘢𝘤𝘩 𝘢𝘥𝘥 𝘷𝘢𝘭𝘶𝘦 𝘵𝘰 𝘢𝘯𝘺 𝘴𝘪𝘵𝘶𝘢𝘵𝘪𝘰𝘯 𝘢 𝘤𝘭𝘪𝘦𝘯𝘵 𝘮𝘢𝘺 𝘦𝘯𝘤𝘰𝘶𝘯𝘵𝘦𝘳. 𝘞𝘦 𝘯𝘦𝘷𝘦𝘳 𝘥𝘪𝘴𝘮𝘪𝘴𝘴 𝘢 𝘤𝘭𝘪𝘦𝘯𝘵 𝘣𝘺 𝘴𝘢𝘺𝘪𝘯𝘨 𝘵𝘩𝘢𝘵 𝘸𝘦 𝘥𝘰𝘯’𝘵 𝘬𝘯𝘰𝘸 𝘵𝘩𝘦 𝘢𝘯𝘴𝘸𝘦𝘳. 𝘐𝘯𝘴𝘵𝘦𝘢𝘥, 𝘸𝘦 𝘥𝘪𝘨 𝘪𝘯𝘵𝘰 𝘪𝘵 𝘢𝘯𝘥 𝘤𝘰𝘮𝘦 𝘣𝘢𝘤𝘬 𝘸𝘪𝘵𝘩 𝘢 𝘧𝘶𝘭𝘭 𝘤𝘶𝘴𝘵𝘰𝘮 𝘴𝘰𝘭𝘶𝘵𝘪𝘰𝘯. 𝘐𝘧 𝘐 𝘸𝘦𝘳𝘦 𝘵𝘰 𝘣𝘦𝘴𝘵 𝘥𝘦𝘴𝘤𝘳𝘪𝘣𝘦 𝘸𝘩𝘰 𝘸𝘦 𝘢𝘳𝘦 𝘪𝘯 𝘰𝘯𝘦 𝘸𝘰𝘳𝘥, 𝘪𝘵’𝘴 𝘳𝘦𝘭𝘪𝘢𝘣𝘭𝘦.” To learn more about Scott, read his full bio by clicking here: https://lnkd.in/epWw8vaN. Stay connected for Scott’s upcoming 2-part blog series, “𝗟𝗲𝗴𝗮𝗰𝘆 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴: 𝗚𝗶𝗳𝘁𝗶𝗻𝗴 𝘁𝗼 𝗟𝗼𝘃𝗲𝗱 𝗢𝗻𝗲𝘀 𝗮𝗻𝗱 𝗖𝗵𝗮𝗿𝗶𝘁𝗮𝗯𝗹𝗲 𝗢𝗿𝗴𝗮𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻𝘀”. #GSAM #CAIA #LegacyPlanning #EstatePlanning #WillsandTrusts #FinancialGifting #CharitableGiving

What’s in a name? Names hold meaning and significance that shape who we are. From the words of Michael Evans, Founder & Executive Chairman, and his family, learn how Grant Street Asset Management got its unique name on one chance rainy Monday over 30 years ago. https://lnkd.in/ehfEXzKc #GSAM #GrantStreet #AssetManagement #InvestmentAdvisors

This article in the WSJ is a good reminder of the importance of an active approach to discussing wealth transfer to the next generation. At GSAM, there are a number of reasons why we encourage clients to communicate with their children, and we often facilitate these conversations with families in a formal meeting. To read about three scenarios that we see most often and are good reasons to initiate these conversations, click here https://lnkd.in/gcUJG2TF Credit: Ebeling, A. (2024). Out the Inheritance Now, or Fight Your Family Later. WSJ. https://lnkd.in/gvueETaQ /April 6, 2024 #GSAM #wealthtransfer #estateplanning

Over the last week, 𝗠𝗶𝗸𝗲 𝗟𝗼𝗰𝗵, GSAM Chief Compliance Officer/Wealth Advisor, has shared the importance of communicating with your spouse and children about money. 𝘜𝘯𝘥𝘦𝘳𝘴𝘵𝘢𝘯𝘥𝘪𝘯𝘨 𝘺𝘰𝘶𝘳 𝘱𝘢𝘳𝘦𝘯𝘵'𝘴 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘱𝘪𝘤𝘵𝘶𝘳𝘦 is the final piece to his practical 3-part blog series. For the conclusion of "An Important Conversation: Why Discussing Finances Matters", click below. #GSAM #LegacyInvesting #FinancialLiteracy #FinancialCommunication #InvestingForTheFuture #HealthCarePlanning #EstatePlanning

Consider yourself fortunate if your parents spent time talking with you in your teenage years about the importance of saving money for a rainy day –the first car, house, etc. Admittedly, it was probably easier to teach these lessons when you got paid with actual cash for odd jobs. Children in grade school now have refillable debit cards to use at the movies, Starbucks, the mall, etc. Digital transactions have made children (and some adults) numb to the actual value of a transaction. The sooner you discuss money, income, and expenses with your child, the better off they will be as they grow up and begin to establish their own families. Encourage your children to set financial goals and allocate their money accordingly. Help them understand the concept of budgeting by dividing allowance or earnings into various categories such as saving, spending, and giving. Emphasize the importance of saving money for future goals whether it's for a video game, a new phone, or a first car. Consider setting up a savings account for your child and involve them in the process of depositing money regularly. Teaching the difference between needs and wants is crucial in helping them prioritize spending, a lesson that can prevent financial mistakes later in life. Children learn by observing the behavior of their parents. Witnessing open communication and responsible financial management can instill valuable lessons about the importance of financial literacy and teamwork in relationships. Foster your child's entrepreneurial spirit by encouraging them to start small businesses or engage in activities like selling crafts or offering services to earn money. This can teach them valuable lessons about initiative, resourcefulness, and financial independence. As your child grows older, introduce basic concepts of investing and the power of compound interest. Explain how investments can grow over time and help achieve long-term financial goals. If you’d like to become more financially literate for the benefit of your children, reach out to 𝗠𝗶𝗸𝗲 𝗟𝗼𝗰𝗵 at 𝘔𝘓𝘰𝘤𝘩@𝘎𝘚𝘈𝘔𝘪𝘯𝘤.𝘤𝘰𝘮 to schedule a time to talk. He’ll share how GSAM has helped other parents manage their finances responsibly, equipping them with the tools needed to set their children up for financial success as well. Stay tuned later this week as Mike concludes his blog series with 𝗣𝗮𝗿𝘁 𝟯, 𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗬𝗼𝘂𝗿 𝗣𝗮𝗿𝗲𝗻𝘁’𝘀 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗣𝗶𝗰𝘁𝘂𝗿𝗲. #GSAM #ChildrenAndCurrency #SavingsForKids #FinancialLiteracyForChildren #TeachingKidsAboutMoney #MoneyMattersForKids #KidsAndFinancialGoals #TalkingMoneyWithChildren #MoneyLessonsForKids #KidsFinance101

Engaging in conversations about money with your spouse is not just essential, it’s a cornerstone of a healthy, thriving relationship. The importance of discussing financial matters with your partner can strengthen your bond and secure your future together. Open and honest communication about finances fosters trust and transparency in your relationship. When both partners are aware of each other's financial situations, including income, debts, and expenses, the potential for misunderstandings or hidden agendas is eliminated. Trust forms the foundation of a successful relationship and being transparent about money strengthens that bond. Discussing financial matters helps couples to align their goals and aspirations. Whether it's saving for a house, planning for retirement, or budgeting for a vacation, having shared financial goals encourages a unified effort toward achieving those goals. Financial communication should not be limited to the bigger topics of retirement, estate planning, and savings for education. Even more mundane topics such as taxes and paying the bills need to be discussed and understood by both partners. Life is full of unexpected twists and turns, including financial challenges. From job loss to unexpected expenses, having open discussions about money prepares a couple to face these hurdles as a team. Knowing where you stand financially allows you to devise a plan, regardless of whether it involves cutting expenses, tapping into savings, or seeking additional income streams. Being proactive about financial planning can alleviate stress, especially during difficult times, and strengthen your ability to weather storms together. Death is an inevitable part of life, and while it's not a pleasant thought, being prepared for it can mitigate the stress and uncertainty that follow. When a spouse passes away, the surviving partner is often left to navigate through difficult financial decisions and responsibilities amidst grief and loss. Having open discussions about finances ensures that both partners are aware of their financial situation, investments, debts, important documents, and each other’s wishes. This knowledge empowers the surviving spouse to oversee matters efficiently and make informed decisions during a challenging time. If you and your partner are ready to communicate about your financial health, reach out to 𝗠𝗶𝗸𝗲 𝗟𝗼𝗰𝗵 at 𝘔𝘓𝘰𝘤𝘩@𝘨𝘴𝘢𝘮𝘪𝘯𝘤.𝘤𝘰𝘮 to schedule a time to talk. He’d love to share how GSAM helps couples get on the right track for their long-term goals. Stay tuned next week for 𝗣𝗮𝗿𝘁 𝟮 of Mike’s blog series, 𝗧𝗮𝗹𝗸𝗶𝗻𝗴 𝘁𝗼 𝗬𝗼𝘂𝗿 𝗖𝗵𝗶𝗹𝗱𝗿𝗲𝗻 𝗔𝗯𝗼𝘂𝘁 𝗠𝗼𝗻𝗲𝘆. #GSAM #financialcommunication #investingtogether #moneytalks #partnersininvesting #marriageandmoney #wealthbuilding #couplegoals #financialplanning

Meet 𝗠𝗶𝗸𝗲 𝗟𝗼𝗰𝗵, Chief Compliance Officer and Wealth Advisor at Grant Street Asset Management. With 25 years of service at Grant Street and more than three decades of experience in wealth management, Mike’s long-term view not only applies to himself but is reinforced through his commitment to helping clients plan and manage their financial landscape as well. “𝘞𝘩𝘦𝘯 𝘸𝘰𝘳𝘬𝘪𝘯𝘨 𝘸𝘪𝘵𝘩 𝘤𝘭𝘪𝘦𝘯𝘵𝘴, 𝘐 𝘵𝘢𝘬𝘦 𝘵𝘩𝘦 𝘢𝘱𝘱𝘳𝘰𝘢𝘤𝘩 𝘵𝘩𝘢𝘵 𝘪𝘧 𝘺𝘰𝘶 𝘭𝘰𝘰𝘬 𝘭𝘰𝘯𝘨-𝘵𝘦𝘳𝘮 𝘢𝘯𝘥 𝘣𝘶𝘺 𝘵𝘩𝘦 𝘳𝘪𝘨𝘩𝘵 𝘵𝘩𝘪𝘯𝘨𝘴, 𝘰𝘷𝘦𝘳 𝘵𝘪𝘮𝘦 𝘺𝘰𝘶’𝘳𝘦 𝘳𝘦𝘸𝘢𝘳𝘥𝘦𝘥. 𝘐𝘧 𝘺𝘰𝘶’𝘳𝘦 𝘢𝘭𝘸𝘢𝘺𝘴 𝘤𝘩𝘢𝘴𝘪𝘯𝘨 𝘵𝘩𝘦 𝘴𝘰-𝘤𝘢𝘭𝘭𝘦𝘥 ‘𝘯𝘦𝘹𝘵 𝘣𝘪𝘨 𝘵𝘩𝘪𝘯𝘨,’ 𝘴𝘰𝘮𝘦𝘵𝘪𝘮𝘦𝘴 𝘵𝘩𝘦 ‘𝘯𝘦𝘹𝘵 𝘣𝘪𝘨 𝘵𝘩𝘪𝘯𝘨’ 𝘥𝘰𝘦𝘴𝘯’𝘵 𝘱𝘢𝘯 𝘰𝘶𝘵. 𝘠𝘰𝘶 𝘥𝘰𝘯’𝘵 𝘸𝘢𝘯𝘵 𝘵𝘰 𝘣𝘦 𝘵𝘩𝘦 𝘭𝘢𝘴𝘵 𝘱𝘦𝘳𝘴𝘰𝘯 𝘵𝘰 𝘵𝘩𝘦 𝘱𝘢𝘳𝘵𝘺 𝘢𝘯𝘥 𝘰𝘯𝘭𝘺 𝘱𝘪𝘤𝘬 𝘶𝘱 𝘢 𝘭𝘪𝘵𝘵𝘭𝘦 𝘣𝘪𝘵 𝘰𝘧 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘸𝘦𝘳𝘦 𝘤𝘩𝘢𝘴𝘪𝘯𝘨. 𝘉𝘺 𝘪𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘧𝘰𝘳 𝘵𝘩𝘦 𝘭𝘰𝘯𝘨-𝘵𝘦𝘳𝘮 𝘢𝘯𝘥 𝘶𝘴𝘪𝘯𝘨 𝘵𝘩𝘦 𝘱𝘰𝘸𝘦𝘳 𝘰𝘧 𝘤𝘰𝘮𝘱𝘰𝘶𝘯𝘥 𝘳𝘦𝘵𝘶𝘳𝘯𝘴, 𝘺𝘰𝘶 𝘸𝘪𝘭𝘭 𝘳𝘦𝘢𝘤𝘩 𝘺𝘰𝘶𝘳 𝘦𝘯𝘥 𝘨𝘰𝘢𝘭 𝘸𝘪𝘵𝘩 𝘢 𝘴𝘮𝘰𝘰𝘵𝘩𝘦𝘳 𝘳𝘪𝘥𝘦 𝘳𝘢𝘵𝘩𝘦𝘳 𝘵𝘩𝘢𝘯 𝘣𝘺 𝘳𝘶𝘯𝘯𝘪𝘯𝘨 𝘢𝘧𝘵𝘦𝘳 𝘵𝘩𝘦 𝘭𝘢𝘵𝘦𝘴𝘵 𝘩𝘰𝘵 𝘵𝘳𝘦𝘯𝘥 𝘪𝘯 𝘵𝘩𝘦 𝘮𝘢𝘳𝘬𝘦𝘵.” Along with being a valuable member of the Investment Committee, as Chief Compliance Officer, Mike is instrumental in shaping strategies that align with evolving financial regulations. He is also responsible for the year-end tax planning and reporting for Grant Street’s taxable account clients. To learn more about Mike, read his full bio by visiting: https://lnkd.in/dGJx4yvi. Stay connected next week for Mike's 3-part blog series, 𝗔𝗻 𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗖𝗼𝗻𝘃𝗲𝗿𝘀𝗮𝘁𝗶𝗼𝗻: 𝗪𝗵𝘆 𝗗𝗶𝘀𝗰𝘂𝘀𝘀𝗶𝗻𝗴 𝗙𝗶𝗻𝗮𝗻𝗰𝗲𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀. Part 1 is on 𝘊𝘰𝘮𝘮𝘶𝘯𝘪𝘤𝘢𝘵𝘪𝘯𝘨 𝘸𝘪𝘵𝘩 𝘠𝘰𝘶𝘳 𝘗𝘢𝘳𝘵𝘯𝘦𝘳. #GSAM #Finance #Wealth #WealthManagement #Money #FinancialPlanning #LongTermInvesting #MoneyandMarriage #LongTermFinancialPlanning #FinancialTips #Investing #FinancialCommunication #FinancialLandscape #FamilyFinance #FinancesandMarriage #SpousalCommunication

𝗗𝗼 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗽𝗼𝘄𝗲𝗿 𝗼𝗳 𝗰𝗼𝗺𝗽𝗼𝘂𝗻𝗱𝗶𝗻𝗴? Learn how this fundamental concept can supercharge your investments in the long run. In his blog, Landon Buzzerd, Grant Street CFP®/Associate Advisor, puts the impact of compound interest into perspective. To explore 𝘊𝘰𝘮𝘱𝘰𝘶𝘯𝘥 𝘐𝘯𝘵𝘦𝘳𝘦𝘴𝘵 𝘌𝘹𝘱𝘭𝘢𝘪𝘯𝘦𝘥, click here https://lnkd.in/e7xZeidX. #CompoundInterest #FinancialEducation #Investing101 #SmartInvesting #FinancialPlanning #GrowYourWealth #InvestmentTips #MoneyManagement #FinancialGrowth #PersonalFinance #GSAM #RetirementPlanning #FinancialLiteracy #LongTermInvesting

Meet Landon Buzzerd, Certified Financial Planner™ and Associate Wealth Advisor at Grant Street Asset Management. Landon, who has been with Grant Street for just over a year, has made a valuable addition to our team. His straightforward approach along with his expertise in retirement and estate planning have earned him trust among clients and colleagues alike. Trust is at the core of Landon's approach to wealth management. He believes that a strong advisor-client relationship is built on mutual understanding and a shared commitment to the client's success. "Our team strives to provide personalized services that make a meaningful difference in our clients' lives," he says. Landon has a keen understanding that investments are only a component of a client’s overall plan. He takes pride in delivering plans that not only address financial objectives but also encompass personal aspirations, like travel and legacy-building. “𝘈 𝘸𝘦𝘭𝘭-𝘮𝘢𝘯𝘢𝘨𝘦𝘥 𝘱𝘰𝘳𝘵𝘧𝘰𝘭𝘪𝘰 𝘤𝘢𝘯 𝘣𝘦 𝘢 𝘵𝘰𝘰𝘭 𝘵𝘰 𝘩𝘦𝘭𝘱 𝘢𝘤𝘩𝘪𝘦𝘷𝘦 𝘭𝘰𝘯𝘨-𝘵𝘦𝘳𝘮 𝘨𝘰𝘢𝘭𝘴, 𝘣𝘰𝘵𝘩 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘢𝘯𝘥 𝘱𝘦𝘳𝘴𝘰𝘯𝘢𝘭. 𝘈 𝘵𝘩𝘰𝘳𝘰𝘶𝘨𝘩 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘱𝘭𝘢𝘯 𝘪𝘴 𝘵𝘳𝘶𝘭𝘺 𝘵𝘩𝘦 𝘳𝘰𝘢𝘥𝘮𝘢𝘱 𝘵𝘩𝘢𝘵 𝘦𝘢𝘴𝘦𝘴 𝘮𝘢𝘯𝘺 𝘸𝘰𝘳𝘳𝘪𝘦𝘴 𝘤𝘭𝘪𝘦𝘯𝘵𝘴 𝘮𝘢𝘺 𝘩𝘢𝘷𝘦.” To read more of Landon’s bio, visit: https://lnkd.in/eiMGXAbc. Stay connected later this week to read Landon’s blog: 𝗖𝗼𝗺𝗽𝗼𝘂𝗻𝗱 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗘𝘅𝗽𝗹𝗮𝗶𝗻𝗲𝗱.