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TRI-CIRCLE FINANCIAL STRATEGIES BLOG: Clear Financial Guidance for Businesses and Individuals

LPL Research Blog

Posted in: Financial Planning
February 9th, 2016

By Bill Sornstein

Get the latest research and market updates from LPL Financial's Research Team at lplresearch.com[. . .]

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Pearl Harbor Day

Posted in: Financial Planning
December 7th, 2016

By Bill Sornstein

75 years ago today.  December 7, 1941.  “A date which will live in infamy…” This was the defining moment of “The Greatest Generation”.  A day never to be forgotten.  It unified and mobilized our nation as never before. When the movie Pearl Harbor came out in 2001, I took my Dad to see it.  There is a scene in the film that shows crew members trapped below decks.  You [. . .]

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How to Prepare for an Audit of Your 401(k) Plan

Posted in: Employee Benefits
December 6th, 2016

By Bill Sornstein

A recent survey of businesses with 401(k) and other qualified plans found that nearly one-third (31%) of respondents have been audited by the IRS or DOL in the past 2 years (1).  Audits are a fact of life for qualified plans.  However, there is no reason why a plan audit should be more than an occasional inconvenience. Complying with the regulations for qualified plans is primarily  [. . .]

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Shopping for Discounts

Posted in: Business Succession
November 30th, 2016

By Bill Sornstein

This is the time of year that shoppers look for big holiday discounts.  It always feels good to get 25-50% off. You can also obtain deep discounts as a family business owner.  Estate and gifts taxes can create significant transfer taxes when you pass your business to the family.  There are tax saving opportunities available if you plan ahead.  The two primary discounts are for lack of marketabili [. . .]

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Giving Thanks

Posted in: Financial Planning
November 23rd, 2016

By Bill Sornstein

We hope you enjoy this most uncommercial of holidays.  A time to share food with family and friends.  A time to count our blessings.  High among these is the freedom to enjoy our “life, liberty and pursuit of happiness” as a citizen of this great country. Happy Thanksgiving to you and yours! [. . .]

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What's Next?

Posted in: Financial Planning
November 15th, 2016

By Bill Sornstein

Donald Trump has completed his landmark quest and will become the nation’s 45th President after a contentious and often divisive campaign. In addition, the Republican Party has retained control of both houses of Congress. This outcome marks a significant reversal from just a few weeks ago when a Hillary Clinton presidency was highly probable and even a Democratic party sweep of Congress wa [. . .]

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How to Manage Family Dynamics in Your Family Business

Posted in: Business Succession
November 8th, 2016

By Bill Sornstein

Family business is risky business.  The majority of family businesses last 15 years or less.  70% fail to survive the second generation and 85% do not make it through the third1.  Why?  Dysfunctional family dynamics is one contributing factor. The problems with family dynamics include: -  Family rivalries [. . .]

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Family Values – Business Values

Posted in: Business Succession
November 1st, 2016

By Bill Sornstein

Successful family businesses are built on a solid foundation of values.  Often these are unwritten and unspoken, but clearly understood by anyone working there.  The vast majority of the values embodied in these organizations come from the values of the founder.  Values like fairness, integrity, perseverance, creativity, passion, innovation, accountability, etc.  Once these values are imbued  [. . .]

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Lonely at the Top

Posted in: Business Succession
October 25th, 2016

By Bill Sornstein

You started your own business.  You wear all the hats and are expected to have all the answers.  This is what you do when you are starting out. There is probably one thing that you are really good at such as sales or product development.  You started with a vision and a “particular set of skills”.  As your business grows, it becomes more difficult to keep all the balls in the air.  [. . .]

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Market Volatility Commentary

Posted in: Financial Planning
August 26th, 2015

By Bill Sornstein

The following items are from LPL Financial:
  • Letter from the Chief Investment Officer at LPL, Burt White, regarding the current market volatility
  • Weekly Market Commentary from the LPL Research Department
If you have any questions, please contact me at 714-560-1679. LPL Research Letter 2015-08-24 [. . .]

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Rachel Owens and William Sornstein are Registered Representatives with and Securities and Financial Planning offered through LPL Financial, a Registered Investment Advisor, member FINRA / SIPC. The LPL Financial registered representatives associated with this site may only discuss and/or transact securities business with residents of the following states: California, Arizona, Iowa, Nevada and Texas.