ShoreHaven Wealth Partners

Cheers to 4 Years at ShoreHaven Wealth Partners! Four years ago, we embarked on a journey to redefine wealth management. Today, we celebrate not just an anniversary but a testament to our commitment, passion, and the trust our clients place in us. As we look to the future, we're more dedicated than ever to creating excellent client outcomes by leveraging great technology and partnerships. Thank you to our incredible clients, dedicated team, and supportive community. Here's to many more years of prosperity and growth together! - The ShoreHaven Wealth Partners Team #Anniversary #WealthManagement #FinancialPlanning #ShoreHavenWealth

Visual Capitalist conveyed a compelling message about long-term investing. Imagine starting to invest at 25 years old, putting aside $100 per month. Assuming a 10% annual return, just below the S&P 500's average annual return of 10.57% since 1957, your investment would grow significantly. By age 75, your total investment of $60,000 would have grown to a remarkable $1,550,472.

Visual Capitalist's research revealed an intriguing insight: only one of the top five reasons for hiring a financial advisor is financially based, while the other four are emotion-based. When you're looking for an advisor to manage your wealth and legacy, please make sure they prioritize your needs from the start. They should provide support and value, recognizing that issues will arise but can be addressed and resolved over time.

Visual Capitalist's research revealed an intriguing insight: only one of the top five reasons for hiring a financial advisor is financially based, while the other four are emotion-based. When you're looking for an advisor to manage your wealth and legacy, please make sure they prioritize your needs from the start. They should provide support and value, recognizing that issues will arise but can be addressed and resolved over time.

"America was built on courage, on imagination, and an unbeatable determination” — Harry S Truman Use this week to celebrate the freedoms we enjoy in this great country! We hope you enjoy celebrating Independence Day with friends and family.

Imagine you are going to invest $100,000. Where would you put your money? Let us know your choice and why in the comments!

Congratulations to our CEO/CIO, Michael Durso, CFA®, for being named one of the 200 RIAs to Watch in 2024 by AdvisorHub! This award speaks to our commitment to serving as an advocate and fiduciary, with complete transparency and open communication as the core elements of every client relationship. Disclosure: The AdvisorHub Advisor’s to watch ranking was published in June 2024. Advisors with $150m minimum AUM and seven years of experience were nominated and considered. Rankings were based on year over year growth, size of practice, and professionalism. There was no compensation to be considered for this ranking. https://lnkd.in/es6tKEek

We're excited to share our June Spotlight Newsletter highlighting learning money habits from your parents, insights from Whole Foods CEO on the number one red flag in employees, and key points from Dan Sullivan's book, Who Not How. Read more about these topics here: https://conta.cc/4ccnwmd

Another great shoutout for ShoreHaven Wealth Partners on the Boomer & Gio Show!! Michael Durso, CFA® Michael Lombardi, CFP®

In these illustrations, we aim to explain the mechanics of Tax-Smart Investing.   - Consider a traditional market loss of $2,000. (Slide 1) - With a tax loss strategy, our technology will sell the security and replace it with a proxy to realize the loss and offset gains in other parts of the portfolio. (Slide 2) - This is where tax loss harvesting becomes advantageous. If another security in the same portfolio gains $3,000, the tax bill would be $714 (23.8% tax rate). (Slide 3) - However, offsetting the gain with the $2,000 loss from the first security saves you $476 in taxes while keeping Security B money invested. (Slide 3)   Learn more here: https://bit.ly/3xnguvO   Disclosure: The illustrations presented are for informational purposes only and are not intended to be investment advice or solicitation. Shorehaven Wealth Partners is a registered investment adviser. Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. Shorehaven Wealth Partners only transacts business in states where it is properly registered, excluded, or exempted from registration. A copy of Shorehaven Wealth Partners’ current written disclosure brochure filed with the SEC, which discusses the Firm’s business practices, services, and fees, is available through the SEC’s website at www.adviserinfo.sec.gov.