2020 Retirement Planning Key Numbers

The Internal Revenue Service has announced cost-of-living adjustments affecting dollar limitations for retirement and estate-related items for tax year 2020. In general, these limits will either remain unchanged, or the inflation adjustments for 2020 will be small. Please adjust retirement plan contribution rates accordingly for the new limits.

Shorepoint Welcomes Howard Corey

We are very pleased to announce that Howard Corey has joined the Shorepoint team. He will be working closely with both of us to deliver world-class operational and client service to our clients. Howard has broad experience in the wealth management industry encompassing client services, multi-asset class trade execution and client performance reporting.

Before joining Shorepoint, Howard was most recently the Chief Operating Officer at a SEC registered Investment Adviser where he was responsible for managing the operations and client services functions of the firm. Prior to that, Howard was a Principal at Partners Capital Investment Group where he managed the U.S. Client Services Team.

Howard earned a Bachelor of Arts degree in Economics from Roanoke College and an M.B.A. from Vanderbilt University’s Owen Graduate School of Management. He serves on the board for the Key Program, Inc. whose mission is “to assist troubled youth and their families with the development of positive life skills and experiences so that they may pursue productive and rewarding lives.” Howard lives in Easton, MA and outside of the office, he will either be on his road bike or chasing after his two children with his wife, Stacy.

Please feel free to call or email Howard at howard@shorepointpartners.com with any questions you might have or simply to welcome him aboard!

Warm regards,
Tim and Luis

2019 Five Star Professional

Tim Vanech and Luis Raposo were recognized as 2019 Five Star Wealth Managers by Boston magazine and Five Star Professional. This is the seventh year in a row Mr. Vanech has been recognized, and the fifth 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%.

Shorepoint Launches First Private Fund

Shorepoint Capital Partners LLC is pleased to announce that we have completed our first close of the Shorepoint Income Fund I, LP on January 2, 2019 in the amount of $14,950,000.

Shorepoint Capital Partners, LLC (“Firm”) is an independent 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 over 90 years of investment and financial services experience to managing your assets. The Firm founders have extensive investment experience in private real estate and equity investments.

Congratulations to Ashley Lareau, CFP®

We are proud and thrilled to announce our valued colleague, Ashley Lareau, has recently completed her training at Boston University to become a CERTIFIED FINANCIAL PLANNER™ practitioner. She undertook the extensive exam at the end of 2018 and passed with flying colors! Ashley has been with Shorepoint for over seven years and has been a great contributor to our firm’s progress. We wish Ashley a bright future and further success!

Shorepoint Welcomes John Barrett

We are very pleased to announce that John Barrett, CFA has joined our management team as a Senior Portfolio Manager after spending the last fifteen years of his career at Columbia Threadneedle Investments. At Columbia Threadneedle, John oversaw more than $2B in institutional client assets within the asset allocation group. Prior to this, he spent five years as a senior portfolio manager for Columbia’s $1.1B Small Cap Value I portfolio.

John began his career as an economist with the U.S. Department of Labor. He then was an equity analyst specializing in international equity research and a sector research analyst at Fidelity Management & Research Company before joining Gannett, Welsh & Kotler as a senior equity analyst.

John is a CFA charter holder and member of the CFA Institute and the Boston Security Analysts Society. He earned his MBA from the Carroll Graduate School of Management at Boston College and his B.S. from the University of North Carolina, Greensboro. John lives in Needham, MA, with his wife and five children. He enjoys coaching youth sports and 2018 will mark his 25th consecutive Boston Marathon.

Please feel free to call or email John at john@shorepointpartners.com with any questions you might have or simply to welcome him aboard!

Warm regards,
Tim and Luis

2018 Five Star Professional

Tim Vanech and Luis Raposo were recognized as 2018 Five Star Wealth Managers by Boston magazine and Five Star Professional. This is the sixth year in a row Mr. Vanech has been recognized, and the fourth 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%.

2017 Five Star Professional

Tim Vanech and Luis Raposo were recognized as 2017 Five Star Wealth Managers by Boston magazine and Five Star Professional. This is the fifth year in a row Mr. Vanech has been recognized, and the third 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%.

2016 Five Star Professional

Tim Vanech and Luis Raposo were recognized as 2016 Five Star Wealth Managers by Boston magazine and Five Star Professional. This is the fourth year in a row Mr. Vanech has been recognized, and the second 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%.

 

Shorepoint in the News

Community Preparatory School, one of the local organizations Shorepoint supports, released a quarterly newsletter featuring the founding partners for their active involvement. Tim Vanech personally delivered 500 cans for the school’s annual food drive, which won delighted students the chance to watch several faculty members kiss a baby pig. Also, in honor of its fifth anniversary, Shorepoint chose to make an endowment donation directly to the school.