The Internal Revenue Service has announced cost-of-living adjustments affecting dollar limits for retirement and estate-related items for tax year 2025.
Please adjust retirement plan contribution rates accordingly for the new limits.
Note for 2025 and forward, there will be a “super” catch-up option for some retirement plans. It will apply for those aged 60-63.
Shorepoint Capital Partners, a Norwood, MA based registered investment advisor, has launched a new Limited Partnership to help individual investors gain access to private investments.
The new investment vehicle, known as Shorepoint Income Fund II, aims to invest the fund proceeds in a mix of direct private debt and private real estate offerings, along with investments in early-stage small businesses.
The Norwood based RIA first launched a similar offering in 2019, Shorepoint Income Fund I. This latest launch adds to Shorepoint’s existing offering for individual investors.
“Shorepoint Capital has a long track record of managing assets for private wealth clients. The private funds allow for us to capitalize on our experience our team has built up over many years, while providing our clients potential opportunities for income and capital appreciation ” Luis Raposo, CIO, and Founder of Shorepoint Capital, said.
“The new fund’s objective is to target a core of income-oriented alternative investments, with some opportunistic investments that may produce both recurring cash flow for investors along with possibilities for longer-term capital appreciation,” Raposo added.
Shorepoint Capital Partners, LLC (the “Firm”) is an independently owned, SEC-registered investment advisor founded in 2009 in Massachusetts. The Firm emphasizes personalized client service and customized investment solutions to assist clients in reaching their long-term goals. The Firm’s partners and investment team bring together more than 90 years of investment and financial services experience to manage your assets. The founders of the Firm have extensive experience in private real estate and equity investments. As of the end of 2023, Shorepoint Capital managed over $700 million in client assets.
For more information on Shorepoint Capital, please visit https://www.shorepointpartners.com/.
Disclosures
Private investments have specific characteristics that make them risky and unsuitable for many investors: they are illiquid; they often bear higher expenses and sizeable minimums; they typically require great effort to analyze and monitor; and, in some instances, they contain the potential for total loss of capital.
The Shorepoint Income Fund II is for Accredited Investors and Qualified Clients only. Capital at risk. Not an investment recommendation.
The past performance of Shorepoint Income Fund I does not guarantee future results. The fund is not registered with the SEC and results are not guaranteed.
Investors should carefully review all fund offering documents and risk factors before investing.
Tim Vanech and Luis Raposo were recognized as 2024 Five Star Wealth Managers by Boston magazine and Five Star Professional. This is the 12th year in a row Mr. Vanech has been recognized, and the 10th year in a row for Mr. Raposo. Candidates for the award had to meet 10 object criteria that are associated with wealth managers who provide quality services to their clients. Among the 5 eligibility criteria, candidates needed to be actively working as credentialed professionals in financial services for at least 5 years, have favorable regulatory and complaint history reviews, and must be accepting new clients. Among the 5 evaluation criteria, the researchers examined client retention rates, number of households served, and education and professional designations. The average one-year client retention rate of this year’s award winners is more than 96%.
Disclosures
This award was issued on 02/01/2024 by Five Star Professional (FSP) for the time period 04/10/2023 through 10/31/2023. Fee paid for use of marketing materials. Self-completed questionnaire was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria. 4,421 Boston-area wealth managers were considered for the award; 580 (13% of candidates) were named 2024 Five Star Wealth Managers. The following prior year statistics use this format: YEAR: # Considered, # Winners, % of candidates, Issued Date, Research Period. 2023: 3,923, 578, 15%, 2/1/23, 5/23/22 – 1/6/23; 2022: 4090, 513, 13%, 2/1/22, 5/24/21 – 11/19/21; 2021: 4069, 480, 12%, 2/1/21, 5/25/20 – 11/30/20; 2020: 3580, 463, 13%, 2/1/20, 4/1/19 – 12/13/19; 2019: 3619, 566, 16%, 1/1/19, 4/18/18 – 11/6/18; 2018: 2819, 532, 19%, 1/1/18, 3/23/17 – 11/10/17; 2017: 2467, 623, 25%, 12/1/16, 3/26/16 – 11/23/16; 2016: 2530, 632, 25%, 12/1/15, 5/18/15 – 11/6/15; 2015: 3542, 801, 23%, 1/1/15, 5/18/14 – 11/6/14; 2014: 1707, 655, 38%, 1/1/14, 5/18/13 – 11/6/13; 2013: 2362, 713, 30%, 1/1/13, 5/18/12 – 11/6/12; 2012: 2591, 454, 18%, 1/1/12, 5/18/11 – 11/6/11. Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. The award is based on 10 objective criteria. Eligibility criteria – required: 1. Credentialed as a registered investment adviser (RIA) or a registered investment adviser representative; 2. Actively licensed as a RIA or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by FSP, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or FSP’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through FSP’s consumer complaint process; feedback may not be representative of any one client’s experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria – considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. FSP does not evaluate quality of services provided to clients. The award is not indicative of the wealth manager’s future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their clients’ assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by FSP or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by FSP in the future. Visit www.fivestarprofessional.com.
The Internal Revenue Service has announced cost-of-living adjustments affecting dollar limits for retirement and estate-related items for tax year 2024. Please adjust retirement plan contribution rates accordingly for the new limits.
We know the news and the market moves in the banking sector are changing rapidly and are likely leaving you feeling unsettled and slightly confused. In the wake of Silicon Valley Bank being taken over by bank regulators and Signature Bank being shut down, we want you to rest assured that the American Banking System is strong and resilient…
Tim Vanech and Luis Raposo were recognized as 2023 Five Star Wealth Managers by Boston magazine and Five Star Professional. This is the 11th year in a row Mr. Vanech has been recognized, and the 9th year in a row for Mr. Raposo. Candidates for the award had to meet 10 object criteria that are associated with wealth managers who provide quality services to their clients. Among the 5 eligibility criteria, candidates needed to be actively working as credentialed professionals in financial services for at least 5 years, have favorable regulatory and complaint history reviews, and must be accepting new clients. Among the 5 evaluation criteria, the researchers examined client retention rates, number of households served, and education and professional designations. The average one-year client retention rate of this year’s award winners is more than 96%.
Disclosures
Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. The award is based on 10 objective criteria. Eligibility criteria – required: 1. Credentialed as a registered investment adviser (RIA) or a registered investment adviser representative; 2. Actively licensed as a RIA or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by FSP, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or FSP’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through FSP’s consumer complaint process; feedback may not be representative of any one client’s experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria – considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. FSP does not evaluate quality of services provided to clients. The award is not indicative of the wealth manager’s future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their clients’ assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by FSP or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by FSP in the future. Visit www.fivestarprofessional.com. This award was issued on 02/01/23 by Five Star Professional (FSP) for the time period 05/23/22 through 01/06/23. Fee paid for use of marketing materials. Self-completed questionnaire was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria. 3,923 Boston-area wealth managers were considered for the award; 578 (15% of candidates) were named 2023 Five Star Wealth Managers. The following prior year statistics use this format: YEAR: # Considered, # Winners, % of candidates, Issued Date, Research Period. 2022: 4090, 513, 13%, 2/1/22, 5/24/21 – 11/19/21; 2021: 4069, 480, 12%, 2/1/21, 5/25/20 – 11/30/20; 2020: 3580, 463, 13%, 2/1/20, 4/1/19 – 12/13/19; 2019: 3619, 566, 16%, 1/1/19, 4/18/18 – 11/6/18; 2018: 2819, 532, 19%, 1/1/18, 3/23/17 – 11/10/17; 2017: 2467, 623, 25%, 12/1/16, 3/26/16 – 11/23/16; 2016: 2530, 632, 25%, 12/1/15, 5/18/15 – 11/6/15; 2015: 3542, 801, 23%, 1/1/15, 5/18/14 – 11/6/14; 2014: 1707, 655, 38%, 1/1/14, 5/18/13 – 11/6/13; 2013: 2362, 713, 30%, 1/1/13, 5/18/12 – 11/6/12; 2012: 2591, 454, 18%, 1/1/12, 5/18/11 – 11/6/11.
Shorepoint Capital Partners, LLC (“Shorepoint”) is pleased to announce that Burns & Levinson Asset Management has hired Shorepoint to be their primary sub-advisor for their clients. Shorepoint will develop and implement an investment strategy that befits each client and will advise on retirement, insurance, financial and estate planning.
As of January 1, 2023, significant changes to limits on retirement planning and gifting as well as taxation adjustments require our attention. With this Happy New Year have come increases that may be beneficial to your financial situation.
The Internal Revenue Service has announced cost-of-living adjustments affecting dollar limits for retirement and estate-related items for tax year 2023. Please adjust retirement plan contribution rates accordingly for the new limits.
Tim Vanech and Luis Raposo were recognized as 2022 Five Star Wealth Managers by Boston magazine and Five Star Professional. This is the 10th year in a row Mr. Vanech has been recognized, and the 8th year in a row for Mr. Raposo. Candidates for the award had to meet 10 object criteria that are associated with wealth managers who provide quality services to their clients. Among the 5 eligibility criteria, candidates needed to be actively working as credentialed professionals in financial services for at least 5 years, have favorable regulatory and complaint history reviews, and must be accepting new clients. Among the 5 evaluation criteria, the researchers examined client retention rates, number of households served, and education and professional designations. The average one-year client retention rate of this year’s award winners is more than 96%.
Disclosures
The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria. Eligibility criteria – required: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Actively licensed as a registered investment adviser or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by Five Star Professional, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or Five Star Professional’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional’s consumer complaint process; feedback may not be representative of any one client’s experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria – considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. Award does not evaluate quality of services provided to clients. Once awarded, wealth managers may purchase additional profile ad space or promotional products. The Five Star award is not indicative of the wealth manager’s future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their client’s assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by Five Star Professional or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by Five Star Professional in the future. For more information on the Five Star award and the research/selection methodology, go to fivestarprofessional.com. 4,090 Boston-area wealth managers were considered for the award; 513 (13% of candidates) were named 2022 Five Star Wealth Managers. 2021: 4,069 considered, 480 winners; 2020: 3,580 considered, 463 winners; 2019: 3,619 considered, 566 winners; 2018: 2,819 considered, 532 winners; 2017: 2,467 considered, 623 winners; 2016: 2,530 considered, 632 winners; 2015: 3,542 considered, 801 winners; 2014: 1,707 considered, 655 winners; 2013: 2,362 considered, 713 winners; 2012: 2,591 considered, 454 winners.
