Recent Articles

January 12th, 2019

Millennials are resolving to save more in 2019: Study

December 30, 2018

By Gregory Bresiger

THE NY POST

Excerpt –

With the 2019 New Year upon us, Bresiger explores a recent Principal Financial Group study on the savings and budgeting habits of young people. Many report “saving enough” as their biggest financial stress and have resolved themselves to “save more” in 2019. 

Stressing that it’s crucial to save more to prepare for potential bad times ahead, Schindler said that Americans “should have five to six months of cash on hand to prepare for the potential period of unemployment.” He added that “having some savings is important because the law of physics tells us that it is inevitable that the economic expansion has to end.”

Material discussed is meant for general illustration and/or informational purposes only, and it is not to be construed as tax, legal or investment advice. Although the information has been gathered from sources believed reliable, please note that individual situations can vary, therefore the information should be relied upon when coordinated with individual professional advice.

September 29th, 2015

August 27, 2015

Margin Calls Bite Investors, Banks

By Michael Wursthorn & AnnaMaria Andriotis

THE WALL STREET JOURNAL

Excerpt –

Wursthorn and Andriotis explore how some lenders are issuing margin calls to investment clients as global markets have decreased in value, forcing investors to chose between adding funds to their accounts or selling some of the securities underlying the loans.

Schindler suggested that clients should not over-leverage or maximize loans beyond 50% of the value of their accounts to minimize the risk of a margin call. “When you stick to borrowing lower numbers it would take a significant drop for this to occur, ”said Schindler.

Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal or investment advice. Although the information has been gathered from sources believed reliable, please note that individual situations can vary, therefore the information should be relied upon when coordinated with individual professional advice. 2015-11277

July 10th, 2010

The “Wealth Matters” column in The New York Times quotes Aaron Schindler on managing assets and financial planning for successful artists.  Titled How the Rich and Famous Can Stay Rich (if not Famous), Wealth Matters columnist Paul Sullivan spoke to Schindler about the challenges of getting creative people to plan their finances and make adjustments according to age, career arc, shifting goals and dependents, and the type of legacy the artist wants to leave.

Columnist Paul Sullivan also spoke with Schindler’s client Russ Titelman, a music producer with three Grammy awards for recordings he made with Eric Clapton and Steve Winwood, about how Russ has become more aware of managing his finances since becoming independent.  From The New York Times story: “Aaron Schindler, a managing director at the Wealth Advisory Group who has built his practice serving artists, including Mr. Titelman, said getting his clients to understand the big picture was often the greatest challenge. “It’s a left brain-right brain thing,” he said.”

See the story in The New York Times.

Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal or investment advice. Although the information has been gathered from sources believed reliable, please note that individual situations can vary, therefore the information should be relied upon when coordinated with individual professional advice.