MG&A Blog

Oftentimes, we come across information that’s mind expanding and even mind blowing. We share these thought provoking insights with each other around the office and from time to time want to share them with you. Look for our posts every so often and feel free to share your thoughts.
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2017 Year End Highlights

As another year comes to a close, thank you to all of our clients and friends for a tremendous year. Quick highlights for 2017 include: 

·    MG&A was recognized by Forbes as one of the top wealth management firms in the US placing us among the elite in the country.

·    Client assets under advisement surpassed $800,000,000.

·    Year-over-year client retention was an incredible 99.0%. This far exceeds the industry average.

·    We’ve upgraded and relocated our offices to a beautiful office park in Plantation, Florida with ample parking, picturesque park-like setting and  Class-A office space.

·    Mallory Mangrum, our Chief Compliance Officer and tax liaison, celebrated his 20th anniversary at MG&A.

·    Michael Kessel, one of our Wealth Advisors, successfully completed all requirements and exams to attain his Certified Financial Planner designation (CFP®).

And there is more to come in 2018! We continue to invest significantly in our office space, technology and people to serve you more comfortably, efficiently and professionally. In fact, we have recently expanded our wealth management advisory team by hiring two incredibly talented professionals. 

Kimberly Shapiro, originally from the UK, has been a MG&A client for over 10 years. She has an extensive business background as well as senior management experience with a major insurance company in Florida. Having worked with her for nearly a decade, I always relished the opportunity to have her on our wealth management team and now we do! Her unique combination of skills, work experience and client experience will be a tremendous asset.

Karina Hinkelmann,a triple citizen (US, Brazil, and Italy) has been in the financial field since 2011 assisting clients with achieving their financial goals while managing their entire relationship. After spending the past 6 years on Private Client Teams with 2 major global banking institutions, she has quickly become an integral part of MG&A. She personifies the integrity and ethics that we are known for, and has extensive experience helping international clients as she is fluent in English and Portuguese and conversational in Italian.

We continue to strategically hire advisors with different backgrounds and experiences to give you access to a very diverse pool of expertise. This is a huge advantage to clients because we interact with you via a team approach where “all of us are smarter than one of us!” This is true now more than ever. So please join us in welcoming Kimberly and Karina to MG&A. They are excited to bring their unique perspectives to our solutions and capabilities.

Please accept our warmest thoughts and best wishes for a wonderful holiday and a very happy new year!

Thank you for being a part of MG&A.



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Bitcoin a Bit Much

This is a mania no doubt and a setback is sure to come. Like a Gold Rush, people are confusing upward price moves as validation and everyone is jumping on the bandwagon. We’ve seen this one before and we know how this ends. Please be careful!!! When speculative manias like this occur, Warren Buffet comes to mind “…we should be fearful when others are greedy…” If that doesn’t do it for you, how about Vanguard’s Founder Jack Bogle who sounded a direct warning this week, “Avoid bitcoin like the plague!”[i]

Bitcoin is fascinating and creates many interesting possibilities (learn more: 10 Important Facts On Bitcoin). However, buying them today at these prices is pure speculation and not an investment nor a sensible currency purchase. Investments need to have an underlying tangible value, and a currency needs price stability. Bitcoin currently offers neither. It's way too volatile to conduct the simplest of transactions; can you imagine how expensive a visit to my barber could get in the 30 minutes it takes to finish my haircut? 

Digital currencies like bitcoin are more fitting for something like the cannabis market in the US as it struggles for federal legalization. Since the federal banking system is off limits for state-approved cannabis businesses, bitcoin may provide the necessary cloak to keep the Feds away. However, I doubt you want to buy bitcoins as a long term investment or for your grandchildren’s college education fund. 

Blockchainis the real story behind bitcoin. It solved the problem early versions of digital currencies had with double counting or counterfeiting by using a formula-based validation, identification and tracking system used by “miners” to confirm transactions. It is this unique blockchain technology that could change how we do numerous things like stock trades, online voting, renting cars, notarizing documents and storing health care records.[ii]

Digital currencies have a big future in online commerce; in fact someday we may have Fedcoins backed by the US Government (bitcoin won’t like that!). But these currencies are just one of many potential blockbusters to come from blockchain. So if the temptation to dive head first into bitcoin is becoming a bit much, take solace in the fact that companies all over the world are researching how blockchain can enhance their products and services. And while we may not be investing your assets directly into bitcoin, its very existence may be the key to significant innovation in companies you already own.

Finally, when it doubt, I suggest you refer to Meg Green’s Rules of The Money Game, Rule # 10, “If it sounds too good to be true, it probably is!


[i] The Wealth Advisor, 11/28/2017
[ii] “The Promise of Blockchain: The Trust Machine,” The Economist, 10/31/2015


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Investment Updates


As another year comes to a close, thank you to all of our clients and friends fo...


Securities offered through SA Stone Wealth Management Inc., Member FINRA and SIPC.

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