We investors, we hope that a stock will be above the price we paid for it when we need the money. Listen; hope is not a sound investment strategy and bonds can lower your dependence on a wishful mindset.

Student debt is at a record high with approximately one million people defaulting on their college loans every year, according to a report from the Urban Institute, a nonprofit research organization. With the cost of an education likely continuing to grow, planning for a child’s or grandchild’s education may be more important now than ever. 

The mobile app for iPhone and Android will enable Vector clients to easily view their portfolio and engage with the Vector team on their devices.

Vector Wealth Management (Vector), a nationally registered investment advisory firm in its third decade of providing wealth management solutions to clients in Minnesota and nationwide, has hired Charlie Gruys. Charlie will be joining the Advanced Planning Group as a Financial Planning Specialist. As a Financial Planning Specialist, Charlie will be deeply involved in the development and execution of comprehensive wealth planning by utilizing Vector’s proprietary system, Sojourn™.

Mike’s understanding of wealth management, commitment to delivering excellence while being invested in personal relationships with his clients make him a natural addition to the team.

Vector Wealth Management is pleased to be named as one of the Top 11 Minnesota Financial Advisors and Wealth Managers by AdvisoryHQ.

The Tax Act of 2017 increased the standard deduction and many people who itemized deductions in the past will now be better off taking the standard deduction. For the charitably inclined, a strategy we have been discussing with our clients is to bunch charitable gifts. While this can be a good strategy, there are limitations.