In this first of a four-part series on Millennial Investing, GCW Capital Group Associate, Tyler Shaw, talks about effective ways that young people can save the down payment for their first home, thereby growing their core wealth.
Working to provide expert advice through today's most popular form of communication, GCW Capital Group is kicking off a monthly video series that will address key financial issues.
"Each month these videos will focus on a different financial subject, supplemented with related social media posts" said GCW Capital Group Principal, Tom Waring. "The idea is to go more in-depth on financial subjects we know are important to our clients and potential clients, allowing us to more fully prove our advisory value in the ways we can help individuals and businesses grow their core wealth.
The videos will be shared via newsletter as well as online through this website and all Company social media outlets. Each month will feature two or more members of the GCW Capital Group Staff, providing viewers the ability to become more familiar with the entire team.
The schedule of videos is set through the remainder of 2018.
- July---Defining Wealth
- August---Business Roundtable
- September---Children and Money
- October---Succession Planning
- November---Four Elements of Core Wealth
- December---Community and Giving
To sign up for the GCW Capital Group Newsletter, click here.
GCW Capital Group has been awarded, The Committed to Engagement Award™, for progress made in 2017.
The award is earned by companies and organizations that have demonstrated, and have had independently verified, a commitment to improving employee engagement.
In announcing the recognition, GCW Capital Group Principal, Shawn Glogowski, detailed the process of earning the award.
"We know everyone at GCW Capital Group is key to our client’s overall satisfaction. That's why we emphasize that from the moment a client walks in our office, our mission is to make them feel welcome and clearly communicate their personal and financial needs matter to everyone, from the reception desk to the boardroom. Winning this award, based on confidential employee engagement and feedback, validates our mission and all we do to achieve it.”
To receive The Committed to Engagement Award, an organization’s engagement levels must be measured throughout the organization on a regular basis, and it must provide a confidential and anonymous feedback system for all employees to share views and make suggestions on how the organization can improve. Recipients must achieve engaged status, as voted by employees/ team members, for a minimum of 6 months in a year.
The Accredited Engaged Organization Award™ is recognition that the organization has achieved the highest level of engagement based on confidential and anonymous feedback from its entire team.
It happens every time.
People make an initial appointment to come to my office because of the performance, or non-performance, of their investment account. Then, once they arrive, they’re surprised when our conversation doesn’t immediately jump to their finances.
What we do talk about is their family, their friends, their community and their life goals. Then we discuss my number one ideal as a financial advisor---that the fees you pay a professional advisor, over time, should come back to you, the same as any investment.
GCW Capital Clients range from corporations to individuals, each unique in their financial planning needs. That’s why we take the time to get to know our clients--- listen to their thoughts and respect their ideas ---so that we can truly partner in helping them reach their financial goals.
Recently we met with Chris Ware, co-owner of the popular Resurgence Brewery, located on Niagara Street in Buffalo. While Chris didn’t need our advice on beer brewing (too bad, ‘cause we’ve got some great ideas for new brews) he was looking for guidance on a 401K plan for Resurgence employees.
The thing is Chris and his co-owner/brother Jeff, have a different take on the people who work for them. Rather than staff, they consider each employee part of their Resurgence family, bound by innovation, creativity and a love for the brewery and each other.
After talking with Chris and hearing his distinctive definition of their employees, we went to work and were able to advise him on a 401K plan well-suited to the needs of his unique company. After all, we want to ensure the future of people crafting and serving fantastic beers like Resurgence IPA, Cosmic Truth Session IPA and Sponge Candy Stout.
Whether you’re a large business with an expansive portfolio or an individual with savings you want to ensure, GCW Capital Group is ready to listen and partner in achieving your goals.
Why not give us a call today? 716.648.2412Read More
State University of New York at Fredonia (Fredonia) senior, Jennifer Hendel, was recently named the recipient of the school’s Waring Work Ethic Scholarship. The annual award is given to a Fredonia student who achieves academically while working for a minimum of 15-hours a week. In making the presentation, GCW Capital Group Principal and scholarship co-founder, Thomas Waring, detailed the evolution of the scholarship.
“I attended Fredonia and worked full-time while earning my education,” Waring stated. “That blended experience provided me a great work ethic as well as a strong respect for any college student balancing the challenges of school and job. That’s why in 2011 my wife Sarah and I decided to establish the Waring Work Ethic Scholarship, to honor both my alma mater and Fredonia students working double time to achieve.”
Hendel, a native of Holley, New York, grew up attending Holley Elementary and High Schools while working on her family’s farm after school and on weekends. At Fredonia, the 21-year old majors in Communication Disorders and Sciences, maintaining a 3.74 GPA, while working part time at the campus dining hall. Hendel acknowledges her early life experience as a training ground for her success.
“Hard work got me to this point,” Hendel said. “And while it is definitely stressful to work when you’re going to school, it’s rewarding to know that I can be self-sufficient and not have to rely on my dad for everything.”
A side note to Hendel's story is that her success has inspired her father to set up his own student scholarship fund at Fredonia. In acknowledging the bequeath, Hendel spoke of the dual impact of such an award.
“My dad loves Fredonia. He believes I couldn’t have chosen a better school and he wanted to give back in some way. He also knows firsthand the difference a scholarship like this can make. It not only helps to fund education, it helps the winners feel good about themselves and that means the world to any student. That’s why my I am very thankful to Tom and Sarah for the scholarship. It’s a tremendous financial help and also makes me feel proud that I was chosen to receive it.”
According to Waring, the outcome of this year’s scholarship presentation fully achieves their intended purpose of not only awarding students, but recognizing the families for raising their children to become contributing members of society.
“This is the sixth Waring Scholarship Sarah and I have presented and, to be honest, it’s emotionally moving to see what a difference it makes, not only for the recipients, but for their families as well. Clearly the Hendel Family ingrained a strong work and education ethic in their daughter and this scholarship acknowledges their efforts as well as her achievements. To know that Jennifer’s success has encouraged her father to set up a new scholarship at Fredonia is doubly rewarding.”
ABOUT THE WARING WORK ETHIC SCHOLARSHIP (WWES): The Waring Work Ethic Scholarship is a general college need scholarship awarded yearly at the State University of New York at Fredonia (Fredonia). It was established in 2011 by Fredonia alumni, Tom Waring (’80), and his wife, Sarah. Students who receive the WWES award must be contributing a significant portion of their tuition at Fredonia by working a minimum of 15-hours a week during the academic year and what would be considered full-time during the summer. Characteristics such as commitment, dependability, reliability and other attributes that distinguish the applicant’s strong work ethic and ability to balance work and educational responsibilities are important considerations. **For more information on the Waring and other FSU scholarships,click on this link: http://fredonia.smartcatalogiq.com/en/2013-2014/Catalog/Admissions-and-Financial-Aid/Scholarship-Opportunities
We are proud to announce that GCW Senior Financial Advisor, Peter Campo, has earned the Accredited Investment Fiduciary® (AIF®) Designation from the Center for Fiduciary Studies®, the standards-setting body for Fi360.
Fi360 is a fiduciary education, training and technology company whose AIF designation signifies specialized knowledge of fiduciary responsibility and the ability to implement policies and procedures according to a defined standard of expertise.
Achieving the AIF Designation requires completion of a rigorous training program and a comprehensive, closed-book final examination under the supervision of a proctor.
Additionally, all accredited must agree to abide by the Center’s Code of Ethics and Conduct Standards and continue the education and adherence to the Code of Ethics and Conduct Standards required to maintain the AIF designation.
The AIF training provides a comprehensive understanding of fiduciary governance practices around employer-sponsored retirement plans, trusts, endowments, and foundations and we are pleased that Peter has achieved this high level of financial proficiency and proud that he can now share that knowledge base with our clients.Read More
Who & What?
Barrett Wadsworth & Elisha Tomasello from Northwood's Capital Benefits will provide a clear and concise summary of the new NY State law that impacts all employers starting 1/1/2018. This new law will allow employees to take extended paid leave to care for their family members.
2018 is bringing with it the most significant HR, employee benefits, & compliance changes and challenges since the initial launch of the ACA in 2014.
Small employers are facing their first ever mandatory job protected paid leave law, requiring them to put in place new policies and procedures never before required for small employers. On top of that, the largest small group health insurance rate increase since 2014 has disrupted markets and premium/subsidy spreads to the extent that there is a new cost/benefit analysis that small employers must look at well before their health plan renewal dates.
Large employers are facing new and broader leave requirements that must be integrated with existing policies to avoid “double dipping”. In addition, the combination of rate increases, possibility of new healthcare association plans, and ongoing evolutions in administrative options and plan designs requires large employers to analyze the cost-efficiency of their plan design in the face of rapidly changing self-insurance options.
Whatever your company size and regardless of how well you have attempted to adopt up-to-date HR and employee benefits policies, the regulations and markets are changing so rapidly that you cannot afford to be reactive in these areas. Despite these challenges, real strategies and opportunities exist for even seemingly small changes that can have surprising savings and avoid compliance challenges and employee relation concerns.
Elisha and Barrett have significant expertise in bringing smarter, creative solutions to these new challenges. Please join us for a breakfast presentation and discussion on what you must know in HR and employee benefits for 2018.
Salvatore's Italian Gardens 6461 Transit Road, Depew, NY 14043
November 29, 2017
7:30AM Registration & Breakfast
8AM - 9AM Presentation with Question & Answers
You can call Lisa Lowry at (716) 256-1682 or send an email with your name, company, and number of required seats to email@example.com.
Let’s face it. Start-up businesses are exciting new ventures. But along with creative ideas, having a solid financial plan is crucial to success. Last week we offered our first five tips to help separate you from the herd. Here are five more recommendations to ensure your long-term success!Read More
You’re about to start a company, and you can’t yet afford to hire a full-time accountant. At the same time, proper financial planning is vital for success. And if you make too many mistakes, then your business won’t last very long. Here are some common-sense steps you can take to protect your bottom line today and into the future.Read More
Do you know the ins and outs of the Employment Retirement Income Security Act (ERISA)? Corporations small to large can face hefty penalties after an unfavorable 401K audit. Learn what to avoid and how to ensure best practices for you, your employees and their additional beneficiaries.Read More
Sign up today to play in the GCW Capital Group golf outing September 11th at the Wanakah Country Club in Hamburg, NY — or to support a local veteran. Tee It Up for the Troops is a national event founded in 2005. This Western New York happening marks the first time the event has taken place in New York State.Read More
Tyler Shaw officially joined the GCW Capital Group team in December 2016, following his graduation from Fredonia State College with a degree in Finance. But his GCW experience really goes back to 2013, when he joined us as a high school intern. His motivation? A heartfelt desire to help others.Read More
GCW Capital Group, along with Family Business Directions, CORE Strategic Business Solutions and BNY Mellon are proud to present author Michael Klein, PsyD, in a unique Western New York appearance on Tuesday, May 9 at Salvatore’s Italian Gardens. Dr. Klein is the author of Trapped in the Family Business: A Practical Guide to Uncovering and Managing this Hidden Dilemma. He specializes in providing services for those working in, or entering into a family business. His two presentatations will share insights from his research and work.Read More
There’s a major financial risk lurking around the corner for far too many baby boomers with children and grandchildren. And it’s hardly ever thought about, or talked about. If your son or daughter in his or her 20s, 30s or 40s were to die today, is his or her young family covered by life insurance, or aren’t they? If the answer is no, it’s time to have the second most important talk you’ll ever have in your parent-child relationship.
Your company thrives on its ability to retain and attract top performing employees—especially at the management level. But when you can’t increase salaries, what ways can you use to boost incentives and long-term earnings? How about offering greater 401K profit sharing percentages.Read More
Are you in need of a “personal financial trainer” for your business, while your other trainer takes care of your body? The new year is full of opportunity. If you own a business or lead one, right now is a crucial time for assessing and strengthening your company’s own financial and risk management planning goals. Flex your business fitness muscles and use the start of 2017 efficiently. Call us today for a sweat-free "workout" with even better results.Read More
The study, science and art of helping family businesses succeed, transition and successfully face challenges is a unique type of work. I had the honor and pleasure of being an invited judge last week at the annual Global Family Enterprise Case Competition (FECC) held at the University of Vermont’s Grossman School of Business in Burlington, Vermont.Read More
As 2017 begins, we’re reminded of the multiple things we set out each year to accomplish. For many, it means getting back into the gym and cutting a few pounds loose. However, the start of the new year shouldn’t just be spent on pumping up or slimming down.
We at GCW propose also using the new year as a chance to get your financial planning muscles in shape. The first quarter of the year offers a natural chance to review and/or reassess your goals and progress. Consider it a “weigh-in” and training update with your “personal” fiduciary
A recent poll by Marist University cites “spending less and saving more money” as one of the top resolutions for 2017. A new year can bring any number of major life changes, and now is the time to address them. Your financial planner can help clear the clouds of uncertainty, and help you achieve your resolutions and financial goals.
What to Keep in Mind?
Most people tend to get derailed from their resolutions. Only 10% follow through. Thirty-two percent of those who made a resolution don’t even partially complete their resolution.
At GCW, we advise setting a business goal-—not a resolution. Studies show that we are three times more likely to follow through on business goals than resolutions. So setting a measurable and realistic goal, and holding yourself accountable is one great step to ensure your goal will be accomplished.
Going even further, we are nine times more likely to follow through on business “decisions.” If your goal is to improve your retirement plan by the end of the year, make it a decision to do so. As your financial planners, we’ll do our very best to help you succeed.
Have a resolution, goal or decision to make? We at GCW look forward to dedicating our time, knowledge, and resources to help you achieve the best possible outcomes this year, no matter what your goals might be.
GCW Capital, LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or exempt from registration. Primary office located at 38 Lake Street, Hamburg, NY 14075. Before making any investment decisions, please contact our office at (716) 256-1682 or firstname.lastname@example.org to obtain a copy of our firm ADV Part 2A for more information and fee schedules.