Letter to Our Clients - October 2007

October 2007


Dear Clients and Friends:

The year is now almost over, and what a year it has been so far!

Regarding the financial world, many of you have mentioned that the market seems “so unpredictable – so scary now”. As we have discussed many times before, the financial markets are always fickle, volatile, unpredictable and disturbing. This is normal! It is just easy to forget how we felt a year ago, 5 years ago, etc. The present is always more uncertain than the past – but not more uncertain than the past was when it was the present.

Much of the 3rd Quarter volatility was due to the sub-prime meltdown and the fear that declining residential real estate prices will cause the US economy to go into recession. Does it make any difference to us? It should not matter to your investment portfolio, as we have created a strategy designed to position your accounts with your long-term goals in mind. However, your circumstances change over time, which can influence your comfort level with market fluctuation. Whenever this happens we need to review your financial plan and investment strategies to see if adjustments are in order. Remember, if you have any questions or concerns about your accounts (performance, investment mix, taxes, etc.), please contact us.

The Year 2007 has two 25-year anniversaries. The first is my wedding anniversary. Dorothy and I were married the day after Thanksgiving, 1982. To celebrate we are going to do something we have not done in those 25 years. We are going to take a two-week vacation. (To be precise, it should be 15 days, if our return flights go as scheduled.) We will visit London and Tuscany, Italy. This will not be a whirlwind tour. Instead we will leisurely wander around London, Pisa, Florence and Cinque Terra, and we plan to return well-rested.

So, as a result of Dorothy’s agreeing to marry me, and the two children which have come from the marriage, and as a result of my falling by accident into the career of financial services, I am one of the luckiest people to ever live.

Let me bring you up-to-date on those two children. Ted has graduated from the University of Oregon, and did it in 4 years. We are very happy and proud. He thinks he would like to join our firm and also make this his career, but first he is off to Spain for a year to teach English in a Spanish school. Oh, and to be close to his significant other, Lindsey, who is studying for her master’s degree in Madrid.

Andy graduated from high school with many achievements, and is now a freshman at the University of Oregon in the Honors College. He is settled in and seems to be enjoying both his classes and a very normal college social life. For this too we are proud and grateful.

The other anniversary relates to my career. It was in 1982 that I began training and then working as a financial planner. I feel so lucky to have found this vocation. It allows me to provide meaningful guidance to you and people like you regarding a critical part of your life. From this I receive enormous emotional satisfaction, and I am grateful for our relationship. Another important feature of this career is the intellectual challenge that comes from the blending of your unique needs with the many financial products and services available in the marketplace. In addition, I enjoy the need to be constantly adapting to new and changing products and services, and to be coping with the constant flux in areas such as the stock and bond markets, interest rates, inflation, global economics, politics, and tax laws. I have not been bored … since I was practicing law!

Joan and Linda continue to bless us with their great work, loyalty, teamwork and friendship. Thanks to them, Dorothy and I have fun while in the office, and it seems they do as well. What makes all this possible is you – and we all thank you for the opportunity to work with you.

We are looking to hire another full-time employee, so if you know anyone who is interested in an entry-level administrative position, please let us know.

And yet … we are still looking for new clients who can benefit from our process, services and expertise. Your referrals are the lifeblood of our business and are always greatly appreciated.

Speaking for all of us at Advanced Wealth Management, here is hoping you are healthy, happy and prosperous, and that you remain so. We look forward to seeing you again, hopefully soon.

Best wishes,

Robert K. Haley, JD, CFP®, AIF®