From September 12 – 14, Bryan Kelly, Michael Bertrand and Kathi Morlock attended the annual Premier Wealth Management conference in Hershey, PA. The conference, attended by our peers in the mid-Atlantic region, included sessions on compliance, practice management, technology and leadership. After the conference, Kathi and Michael enjoyed some of the Hershey attractions.
The Kelly Group is pleased to welcome to our firm our new Executive Vice President, Rick Fletcher. Rick, who joined The Kelly Group on August 1, 2018, has more than 25 years of experience in the financial services industry, including roles as Regional Director for Edelman Financial Services and as Vice President Regional Planning Consultant for Fidelity Investments. More significantly, he also brings to The Kelly Group, a Bel Air-based financial services firm, the same passion for client service, community involvement, and stewardship of clients’ wealth exhibited by every TKG team member since our founding in 1997.
“We are thrilled by this addition,” says Bryan Kelly, co-founder and managing partner of The Kelly Group. “A leader in this industry and a long-time friend, he will be a trusted mentor to all of us, particularly our younger planners. As we continue to grow, Rick will play a vital role in helping us maintain the effectiveness of our processes and our laser-like focus on guiding clients toward their financial goals. Welcome, Rick!”
Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc. a Registered Investment Advisor. The Kelly Group and Cambridge are not affiliated. 54 East Gordon Street, Bel Air, MD 21014.
On Wednesday, July 11, ten members of The Kelly Group drove to Short Hills, NJ to meet with leading decision makers of Franklin Templeton, the parent company of certain of our strategists. The agenda—created specifically for The Kelly Group–included discussions with: Peter Langerman, Chairman , President, and Chief Executive Officer of Franklin Mutual Advisers; Timothy Rankin, Portfolio Manager of Franklin Mutual Series; Elsa Goldberg, Institutional Portfolio Manager for the Global Macro team; and Andrew Sleeman, Portfolio Manager for Mutual International. Among topics discussed were: a review of year-to-date-investment performance, expectations for global stock and bond markets, the role patience plays in their investment decisions, techniques they use for controlling risk and downward volatility, and how negative financial and economic developments can help create valuable investment opportunities. These discussions, part of TKG’s ongoing due diligence investment process, helped confirm the sophistication, professionalism, and depth of the teams making investment decisions for our Franklin Templeton strategists. The Kelly Group delegation included Bryan Kelly, Chuck Wienckowski, Chad Arrington, Charlie Wolpoff, Tom Cusick, Joe Henninger, Jordan Heaps and interns Zach Smith, Logan Gasior, and Hunter Sauserman.
On June 27, The Kelly Group and Kelly CPAs and Consultants hosted an educational seminar for more than 100 clients and their guests on the tax changes resulting from the Tax Cuts and Jobs Act. Presenter Chuck Wienckowski addressed the new change law provisions that fundamentally change the individual and business tax landscape. These changes, which mostly take effect in 2018, include changes to marginal income tax brackets and the alternative minimum tax, limits on common itemized deductions, and very complex new 20% deduction for pass-through businesses.
On June 27, The Kelly Group broke ground for the upcoming addition to our 48 East Gordon Street building. One of two renovated historic buildings that house our firm (the other located next door at 54 East Gordon Street), it was formerly known as “Doc Hopkins’ place”. Purchased by The Kelly Group in 2003, the building will double in size by year end, from 2,400 square feet to just under 5,000.
Our need for this expansion is a testament to our firm’s success and growth, which is a direct result of the deep loyalty of our clients, the amazing support from our community, and the quality and dedication of our team. Indeed, this building addition is needed due to the anticipated growth of this team from more than 20 employees to more than 30.
And we anticipate continued growth. Our lot located at the adjacent corner–60 East Gordon Street–is patiently awaiting our third building, part of our vision for the future, a vision focused on continuing to serve as a community-based firm with a community- based campus.
Those shovels you see in the accompanying picture are rich with symbolism to us. They are a physical manifestation of our firm’s sustainability, and a reaffirmation of our commitment to community and historic preservation.
Charlie Wolpoff, The Kelly Group’s Director of Financial Planning and Research, traveled to Chicago the week of July 11 to attend the 2018 Morningstar Investment Conference. This annual event provides diverse and cutting-edge insights into developments on financial advice and investing. Speakers at the conference included Walter Bettinger, CEO of Charles Schwab; Morningstar CEO Kunal Kappor; Kevin Kelly founding executive editor of Wired Magazine; and legendary investor and perma-bear Jeremy Grantham. One of the highlights of the conference was an interview with Nobel laureate Daniel Kahneman, a pioneer in the field of Behavioral Finance. Morningstar is a leading provider of independent investment research.