Tavares | Winter Park | The Villages

Ruggie Wealth Named One of Central Florida’s 2016 Best Places to Work

Best Places to WorkRuggie Wealth Management was recently named one of the Orlando Business Journal’s 2016 Best Places to Work, and was featured in the June 24, 2016 edition of the publication.

This recognition is designed to honor the area’s leading employers. The list comprises companies that go beyond the norm to foster an enjoyable and meaningful work environment for their employees, and the competition judges companies based on the results of a detailed employee survey which at least 90% of the employees had to complete for the company to be eligible.

“While we do offer some great perks and have worked hard to create an open, accepting, supportive and fun work environment, having knowledgeable, inspiring, dedicated people with great attitudes is absolutely what makes Ruggie Wealth one of the Best Places to Work,” said Founder and President Tom Ruggie, ChFC®, CFP®. “It’s rare to be able to show up each day and work with such a collaborative team, and fantastic to see our corporate culture recognized by the Central Florida business community.

 

“I know our future success depends on our continuing ability to attract and retain sharp, talented people who share our values, on investing in the tools they need to help them be successful , and on bringing tomorrow’s technology to them today to support future growth.”

Click here to learn more about the Ruggie Wealth Management team. If you would like to see our current career opportunities, click here.

Market Turmoil Could Create Opportunity

This time the opinion polls got it right. The “Remain” and “Leave” camps were running neck-and-neck coming into yesterday’s U.K. referendum on membership in the European Union and in the event that some 52% of U.K. voters would opt to reject the status quo and pull out. The referendum, while non-binding, is likely to trigger Article 50 of the Treaty on European Union.

Accordingly, markets have responded dramatically. U.K. & U.S. equity index futures have slumped and the British Pound has tumbled to 1980’s levels. Safe havens – such as gold, German Bunds and U.S. Treasuries – are seeing substantial investor demand. The euro has also come under pressure.

Fears of ‘Lehman Moment’ Overblown

While this is likely to lead to higher volatility in the near-term, we caution against reacting as though this were a second “Lehman moment,” as some commentators have suggested.

Still, the U.K. has chosen the rockier of two paths. This piles up the political distractions that have dogged the administration of U.K. Prime Minister David Cameron (who is resigning) and his chancellor, George Osborne. The “Brexit” camp is clearly ascendant but the vote revealed a lack of national consensus. And even consensus would not wish away the complexity of this exit, a “monumental multi-year task” in the words of one legal expert.

Economic Damage Likely to Be Contained

Many of the large companies in the FTSE 100 Index are global rather than U.K. businesses—80% of the index’s revenues come from overseas. This should help insulate them from any domestic downturn and potentially deliver a windfall from the weakened pound. Smaller, more domestically-focused companies are more vulnerable to a fall in consumer demand and higher import costs. That could be a source of opportunity during a sell-off in U.K. assets, particularly if the U.K. makes its new status work over the longer term.

Elsewhere, the economic impact is likely to be felt most keenly in Europe and, in the words of one Federal Reserve Bank president, to have only “moderate direct effects on the U.S. economy in the near term.” Again, we expect an excessive market reaction to be a potential source of opportunity.

The Retirement Distribution Strategy Works

While the media and pundits will talk about “Brexit” for days to come, clients often want to know how they will be impacted. It is for reasons like this we crafted the Retirement Distribution Strategy process almost 17 years ago. By allocating resources needed over the next 10 years into lower volatility strategies we look to insulate a critical component of income generation assets, from the natural volatility that markets bring.

We look to this spike in volatility as an opportunity and will continue to monitor the situation and take action accordingly. Please feel free to contact your Ruggie Wealth advisory team at (352) 343-2700 with questions or concerns.

Financial Times Names Ruggie Wealth Management to 300 Top RIAs in the U.S.

FT_300_Advisers_Logo_2016-hi

tomEach year, the Financial Times—one of the world’s leading media organizations focused on international business and economic news—publishes a listing of the “300 Top Registered Investment Advisors”. Ruggie Wealth Management is honored to be included on the 2016 list.

This recognition is based on data gathered from RIA firms, regulatory disclosures, and the FT’s research. The listing reflects performance in six primary areas, including assets under management, asset growth, compliance record, years in existence, credentials and accessibility.

This recognition is also a direct result of the outstanding relationships our firm has had the privilege to build with our clients. We thank you for your trust and ongoing support and look forward to many productive years of working together.

To access the full, 16-page special report, including the list of FT 300 RIAs, please click here.

Thanks again,

Tom Ruggie, ChFC®, CFP®


For those interested, click here to download the national press release issued by RWM in response to receiving this honor.

First Quarter Market Review 2016

Tom Ruggie states near the beginning of this video regarding the first quarter of 2016, “If you paid attention to the media, the emotions of the market probably drove you berserk.” It’s accurate to say the Markets in the first quarter of 2016 had a very difficult start. In fact, the first three weeks of 2016 had the worst performance to start the year in the history of the Market.

And although around Mid-February we started seeing a rebound, as Tom points out, “the media profits from sensationalizing any hint of negativity.”

You will want to watch this information-filled video commentary which talks specifically about Ruggie Wealth Management strategy and market news relevant to your investments, Tom shares a positive message about long-term investment strategies and encourages us to not buy into the ‘click-bait’ negative headlines.

Questions? Call our advisory team at (353) 343-2700

Tom Ruggie, ChFC®, CFP®, and Morgan Hatfield of Ruggie Wealth Management Have Both Received the 2016 Five Star Wealth Manager Award

tom
“I believe we have earned this distinction because we take the time to understand our clients and their needs and take our fiduciary responsibility to put their needs above our own very seriously.”

Five Star Professional is pleased to announce Thomas H. Ruggie, ChFC®, CFP®, president, and Morgan Hatfield, retirement specialist, of Ruggie Wealth Management have been chosen as Five Star Wealth Managers for 2016.

Five Star Professional partnered with Orlando magazine to recognize a select group of Orlando-area wealth managers who provide quality services to their clients. Thomas H. Ruggie, ChFC®, CFP®, and Morgan Hatfield are featured, along with other award winners, in a special section of the May issue.

“It’s an honor to be recognized for this award,” said Thomas Ruggie of Ruggie Wealth Management. “I believe we have earned this distinction because we take the time to understand our clients and their needs and take our fiduciary responsibility to put their needs above our own very seriously.”

Ruggie Wealth Management provides services to individual and corporate clients, as well as to a select group of endowments and foundations. As the flagship company of Ruggie Capital Group, Ruggie Wealth offers a broad range of services and products to help clients achieve their financial goals. Ruggie Capital Group is now developing a multifamily office to expand their continuum of services to high-net-worth clients.

“The research behind this award is extensive with each wealth manager being thoroughly vetted from numerous angles. We are proud to showcase these distinguished professionals,” says Jonathan Wesser, Research Director, Five Star Professional.

The firm has offices in Tavares, Winter Park and The Villages®, FL.

The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Active as a credentialed professional in the financial services industry for a minimum of 5 years; 3. Favorable regulatory and complaint history review (unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional’s consumer complaint process*); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients; 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations.

Wealth managers do not pay a fee to be considered or awarded. Once awarded, wealth managers may purchase additional profile ad space or promotional products. The award methodology does not evaluate the quality of services provided and is not indicative of the winner’s future performance. 632 Orlando wealth managers were considered for the award; 120 (19 percent of candidates) were named 2016 Five Star Wealth Managers.

*To qualify as having a favorable regulatory and complaint history, the person cannot have: 1. been subject to a regulatory action that resulted in a suspended or revoked license, or payment of a fine, 2. had more than three customer complaints filed against them (settled or pending) with any regulatory authority or Five Star Professional’s consumer complaint process, 3. individually contributed to a financial settlement of a customer complaint filed with a regulatory authority, 4. filed for bankruptcy, or 5. been convicted of a felony.

For research methodology information visit http://www.fivestarprofessional.com.

“The Buck Starts Here” – Tom and Christopher Ruggie in Healthy Living magazine

Tom Christopher RuggieRuggie Wealth Management President Tom Ruggie and his son Christopher appear on the front cover of Healthy Living magazine published by Akers Media.

In an article titled “The Buck Starts Here,” written by James Combs (Photos by Fred Lopez), Tom shares insights on how he and his wife Kim have raised their children (Gina and Christopher) to make sound decisions and to be intentional with their financial fitness.

This easy to read article provides a refreshing perspective with many practical applications parents will find helpful and encouraging.

Ruggie Rule #1: “If it seems too good to be true, it probably is.” (Video)

Ruggie Rule #1: "If it seems too good to be true, it probably …

Ruggie Rule #1: "If it seems too good to be true, it probably is." – Today we kick off our new video series based on Tom's popular new book "Ruggie Rules for choosing and working with a financial advisor." Watch this short video where Tom explains the premise of Ruggie Rules and how to avoid financial strategies that are "too good to be true." To learn more about how to set up an initial free consultation and obtain your copy of Ruggie Rules, please visit www.RuggieWealth.com/ruggie-rules or call us at (352) 343-2700. Ruggie Rules is also available for purchase online at Amazon.com.

Posted by Ruggie Wealth Management on Monday, March 7, 2016

Ruggie Rule #1: “If it seems too good to be true, it probably is.” – Today we kick off our new video series based on Tom’s popular new book “Ruggie Rules for choosing and working with a financial advisor.” Watch this short video where Tom explains the premise of Ruggie Rules and how to avoid financial strategies that are “too good to be true.” To learn more about how to set up an initial free consultation and obtain your copy of Ruggie Rules, please visit www.RuggieWealth.com/ruggie-rules or call us at (352) 343-2700. Ruggie Rules is also available for purchase online at Amazon.com.

Check Out The Ruggie Wealth Management Facebook Video Archive

Would you like to see Tom’s quarterly analysis and opinion on the markets? How about learning more, directly from him, about his new book “Ruggie Rules”? You can do all of that by watching the videos we have uploaded and organized on the Ruggie Wealth Management Facebook video archive. The RWM video channel is another resource that Tom and the staff want to provide current and future clients. These videos will keep you current on relevant information that may affect your financial strategy. After watching a few of the videos, let us know what you think!

What Are Ruggie Rules?

3DBookThe Ruggie Rules are the rules I live by professionally and insist my team live by as well. They are not just part of our firm’s culture. They are part of our lives.

Whether you use our services or not, we want you to be able to benefit from the Ruggie Rules. Use them as a basis of comparison before you select an advisor. If you’re considering making a change from your current advisor, use them to develop a checklist or to frame the questions you want answered. I won’t deny that these rules place the way we do business in a good light. Once you understand what’s behind them, we think you will agree that they make companies that adhere to them the types of firms you WANT to do business with.

Ruggie Rules advocate on behalf of investors. In the case of those nearing or entering retirement, they don’t just address growing and preserving your wealth, they look at growing and preserving your quality of life and peace-of-mind throughout your golden years.

To Your Continued Success!
Thomas Ruggie

To learn more about receiving a copy of Ruggie Rules, call us at 352.343.2700 or simply fill out the online form in the sidebar on the Ruggie Rules landing page.

New Year 2016/Fourth Quarter Market Review 2015

New Year 2016/Fourth Quarter Market Review 2015

Welcome to our New Year 2016/Fourth Quarter Market Review for 2015, in which Tom shares his insights on the current markets, last quarter's markets and looks at 2015 in the rearview mirror. He also addresses Ruggie Wealth's investment strategies moving forward. We know you may have questions, and as always we're here to answer them. Transcript: Welcome to our end of the year 2015 commentary. While I normally cover the past quarter’s activities, I would be remiss if I did not discuss the first three weeks of January.The start of this year has certainly been ugly. As I am sure you are all well-aware, we are off to quite a negative start to 2016. In fact, this year’s start is the worst start in the history of the market to a new year.So what is going on? Where are we going? What are we doing and what should you do?The market continues to be weighted down by two factors: China and Oil with a small dab of uncertainty in Fed monetary policy.I’m not going to talk too much here about these factors as we have been commenting on them every week within our weekly commentary. However, it is our belief:-Oil pricing will stabilize over the next month or so bringing stabilization to the market along with it. While we are well aware of the downside created by having too much oil supply (who would have thought this years ago?), what the market has yet to acknowledge is the equal and opposite upside this provides to many companies and certainly to us as consumers. There is a notion called consumer surplus, which means due to certain circumstances, there is a surplus created in cash flow for consumer almost like a tax savings. Cheaper oil is providing this to us as is exponential technology.-We also believe China will stabilize though this may take a bit longer as they will need to tweak their fiscal and monetary policy. Again, we do not see this as a long-term detriment to investing in the broad market.Finally, we believe domestic economic indicators will continue to be positive but probably not positive enough to temper short-term fears until we see some stabilization in the problem areas. In our opinion, the worst we would expect to see is a 20% downside to the market, which is already down about 10%. Frankly, I would be surprised if it hit this level but the momentum is certainly negative right now. Even if the downside for stocks may be 20%, we see more potential upside than downside over the course of 2016. Twenty percent is the definition of a bear market. Bear markets are usually accompanied by recessions, which few experts believe a recession is likely for the US in 2016. As mentioned last quarter, pullbacks (10%) and bear markets (20%) are a very natural part of market cycles. So what are we doing? By and large, we have left all of our portfolios intact. We made a slight adjustment to take some risk off the table in our more moderately managed portfolio and made a tactical adjustment in our more aggressive portfolio. If we believe things have much more downside, it is possible we would continue to scale down on a few positions while, at the same time, we are looking for an opportunity to get slightly more aggressive within our Dynamic Growth portfolio. You may recall; we took 10% out of equities in this portfolio last April, at a market high and we would like to put this money back to work during this downturn. So what should you do? Well here comes the pep talk. You should do nothing. You should not be watching the markets on TV, checking the balances on-line and some of you should not even open your statements. You will drive yourself crazy doing this. You pay us to be driven crazy and believe me; this is where we earn our pay. Having been through dozens of downturns in my 25-year career, I believe we know the solutions though it certainly does not make things any easier. I do want you to feel free to call our office if you have questions or would like to discuss your personal situation. However, I’m confident we have put a proper strategic plan in place for you and I’m also confident things will ultimately work out as expected.I will focus minor attention to Q4 of 2015 as I’m sure most of you are much more interested in today and tomorrow as compared to last quarter.As ugly as 2016 has been thus far there was no great news for 2015 either. A couple of articles from a weekly Investment newspaper I receive are titled: World’s richest people lost $19B in 2015 while another title is: The year that stocks, bonds, and cash failed to thrive and finally a third from the same paper: Outlook 2016: Optimism Prevails. The year started out positive but around April it turned negative, and although we had a bit of a turnaround in Q4, we were never able to get back to the highs we enjoyed early in 2015.For the quarter, capital markets rebounded as US equity was up 6.1% putting the Russell 3000 index just above break-even for the year at a positive .5%. Overseas international markets underperformed the US posting a 4.7% return for the quarter but a negative .4% for the year. The fourth quarter marked the Fed’s first rate hike since 2006, significant because monetary policy finally turned to one of tightening. The hike was evidence of the Fed’s confidence about the status of and prospects for the U.S economy. It will be interesting to see where they go from here considering our start to the year.US equity styles were all positive for the quarter but mixed for the year with the US large, mid and small value holdings all posting losses of 1.4%, 3.8% and 7.1% for the year. From a sector standpoint, it was a mixed bag as well with Consumer Discretionary leading the way up 10.1% while Energy was down 21.1% and Materials were down 8.4%.As already mentioned, international struggled as well with Emerging Markets posting a loss of 14.6% for the year.Fixed income was relatively flat for the year with the aggregate bond market up .5%, and high-yield bonds were the worst performing at a loss of 4.5%.I won’t focus in on this Kaleidoscope put together by one of the management companies we utilize, but it provides a quick rundown of the major asset categories and for 2015 it reads like this:Russell 1000 Growth up 5.67%Balanced Index up .59%Aggregate Bond up .55%International Index down .39%Russell 2000 Growth down 1.39%Russell 1000 Value down 3.83%Russell 2000 Value down 7.47%Again, in summary, a disappointing 2015 across the board.In closing, given the pullback we’ve already experienced in 2016, I wanted to provide you with an interesting statistic. Over the past 36 years, the average intra-year decline was 14.2% per year. In other words, if we were to look at the worst period over every year for the last 36 years and average it out, there was an average drop in the market during the year of 14.2%. Yet the market finished positive 75% of the time or 27 out of the last 36 years.I again invite you to contact us with any questions, thoughts or concerns. And thank you for your continued trust and confidence.

Posted by Ruggie Wealth Management on Thursday, January 21, 2016

Welcome to our New Year 2016/Fourth Quarter Market Review for 2015, in which Tom shares his insights on the current markets, last quarter’s markets and looks at 2015 in the rearview mirror. He also addresses Ruggie Wealth’s investment strategies moving forward. We know you may have questions, and as always we’re here to answer them.

Transcript: Welcome to our end of the year 2015 commentary.

While I normally cover the past quarter’s activities, I would be remiss if I did not discuss the first three weeks of January.

The start of this year has certainly been ugly. As I am sure you are all well-aware, we are off to quite a negative start to 2016. In fact, this year’s start is the worst start in the history of the market to a new year.

So what is going on? Where are we going? What are we doing and what should you do?

The market continues to be weighted down by two factors: China and Oil with a small dab of uncertainty in Fed monetary policy.

I’m not going to talk too much here about these factors as we have been commenting on them every week within our weekly commentary. However, it is our belief:

-Oil pricing will stabilize over the next month or so bringing stabilization to the market along with it. While we are well aware of the downside created by having too much oil supply (who would have thought this years ago?), what the market has yet to acknowledge is the equal and opposite upside this provides to many companies and certainly to us as consumers. There is a notion called consumer surplus, which means due to certain circumstances, there is a surplus created in cash flow for consumer almost like a tax savings.
Cheaper oil is providing this to us as is exponential technology.

-We also believe China will stabilize though this may take a bit longer as they will need to tweak their fiscal and monetary policy. Again, we do not see this as a long-term detriment to investing in the broad market.
Finally, we believe domestic economic indicators will continue to be positive but probably not positive enough to temper short-term fears until we see some stabilization in the problem areas.

In our opinion, the worst we would expect to see is a 20% downside to the market, which is already down about 10%. Frankly, I would be surprised if it hit this level but the momentum is certainly negative right now. Even if the downside for stocks may be 20%, we see more potential upside than downside over the course of 2016. Twenty percent is the definition of a bear market. Bear markets are usually accompanied by recessions, which few experts believe a recession is likely for the US in 2016. As mentioned last quarter, pullbacks (10%) and bear markets (20%) are a very natural part of market cycles.

So what are we doing? By and large, we have left all of our portfolios intact. We made a slight adjustment to take some risk off the table in our more moderately managed portfolio and made a tactical adjustment in our more aggressive portfolio. If we believe things have much more downside, it is possible we would continue to scale down on a few positions while, at the same time, we are looking for an opportunity to get slightly more aggressive within our Dynamic Growth portfolio. You may recall; we took 10% out of equities in this portfolio last April, at a market high and we would like to put this money back to work during this downturn.

So what should you do? Well here comes the pep talk. You should do nothing. You should not be watching the markets on TV, checking the balances on-line and some of you should not even open your statements. You will drive yourself crazy doing this. You pay us to be driven crazy and believe me; this is where we earn our pay. Having been through dozens of downturns in my 25-year career, I believe we know the solutions though it certainly does not make things any easier. I do want you to feel free to call our office if you have questions or would like to discuss your personal situation. However, I’m confident we have put a proper strategic plan in place for you and I’m also confident things will ultimately work out as expected.

I will focus minor attention to Q4 of 2015 as I’m sure most of you are much more interested in today and tomorrow as compared to last quarter.

As ugly as 2016 has been thus far there was no great news for 2015 either. A couple of articles from a weekly Investment newspaper I receive are titled: World’s richest people lost $19B in 2015 while another title is: The year that stocks, bonds, and cash failed to thrive and finally a third from the same paper: Outlook 2016: Optimism Prevails.

The year started out positive but around April it turned negative, and although we had a bit of a turnaround in Q4, we were never able to get back to the highs we enjoyed early in 2015.

For the quarter, capital markets rebounded as US equity was up 6.1% putting the Russell 3000 index just above break-even for the year at a positive .5%. Overseas international markets underperformed the US posting a 4.7% return for the quarter but a negative .4% for the year.

The fourth quarter marked the Fed’s first rate hike since 2006, significant because monetary policy finally turned to one of tightening. The hike was evidence of the Fed’s confidence about the status of and prospects for the U.S economy. It will be interesting to see where they go from here considering our start to the year.

US equity styles were all positive for the quarter but mixed for the year with the US large, mid and small value holdings all posting losses of 1.4%, 3.8% and 7.1% for the year. From a sector standpoint, it was a mixed bag as well with Consumer Discretionary leading the way up 10.1% while Energy was down 21.1% and Materials were down 8.4%.

As already mentioned, international struggled as well with Emerging Markets posting a loss of 14.6% for the year.

Fixed income was relatively flat for the year with the aggregate bond market up .5%, and high-yield bonds were the worst performing at a loss of 4.5%.

I won’t focus in on this Kaleidoscope put together by one of the management companies we utilize, but it
provides a quick rundown of the major asset categories and for 2015 it reads like this:

Russell 1000 Growth up 5.67%
Balanced Index up .59%
Aggregate Bond up .55%
International Index down .39%
Russell 2000 Growth down 1.39%
Russell 1000 Value down 3.83%
Russell 2000 Value down 7.47%

Again, in summary, a disappointing 2015 across the board.

In closing, given the pullback we’ve already experienced in 2016, I wanted to provide you with an interesting statistic. Over the past 36 years, the average intra-year decline was 14.2% per year. In other words, if we were to look at the worst period over every year for the last 36 years and average it out, there was an average drop in the market during the year of 14.2%. Yet the market finished positive 75% of the time or 27 out of the last 36 years.

I again invite you to contact us with any questions, thoughts or concerns. And thank you for your continued trust and confidence.

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