Chornyak & Associates named in the top 25 Independent Broker Dealers nationally
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Registered Rep magazine recently published its list of the top 100 Independent Broker Dealers*
(IBDs) in the United States, showing Chornyak & Associates in the top 25.
The article identifies IBDs as "... some of the most
successful advisors in the industry," and predicts steady growth in the
segment over the next few years.
*Survey based on assets under management
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What you need to know about the Financial Reform Act
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President
Obama signed the Wall Street Reform and Consumer Protection Act (i.e.,
the Financial Reform Act) into law on July 21, 2010.
This
new financial regulatory legislation hopes to shore up our financial
system and promote growth in the U.S. market by reviving investor
confidence and trust. How will the regulations impact you?
The
Wall Street Reform and Consumer Protection Act is clearly designed to
benefit investors and help prevent financial malfeasance.
Click here to read the article.
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Understand the provisions of the Health Care Reform Act and their possible impact on your future and your finances
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If
you are an employer, for example, you must plan for limits on the
amount that employees can contribute to health care plans on their own.
Group health care plans will be subject to nondiscrimination rules.
Effective
this year, children covered by insurance cannot be excluded for
pre-existing conditions. Adults with pre-existing conditions will be
able to buy coverage from temporary high-risk pools until 2014. At that
time, coverage will not be able to be denied for pre-existing
conditions.
Click here to read the article.
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Considering an IRA? Here are some common mistakes to avoid
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Many of us are not well informed about IRAs. I am sharing it with you because I found it to be enlightening and potentially helpful in considering investment options.
Please feel free to contact me with any questions
or comments: Joe Chornyak, Sr. 614-888-2121 or chornyak@chornyak.com.
According to the Internal Revenue Service, approximately 86% of all eligible taxpayers fail to contribute to an IRA. This article looks at 10 common mistakes and potential solutions.
The authors point out that it should not be taken as tax or legal advice, since each taxpayer's situation may contain variables that could create an entirely different outcome. Instead, it should be considered as an informational guide to choices that may be suitable for you.
Click here to read the article.
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Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC a Registered Investment Adviser. Fixed insurance products and services, as well as tax services, offered by Chornyak & Associates, LTD. are separate and unrelated to Commonwealth. This communication is strictly intended for individuals residing in the states of AL, AR, AZ, CA, CO, CT, FL, GA, IA, IL, IN, KY, LA, MA, ME, MI, MT, NC, NY, OH, PA, SC, TX, VA, WI, WV. No offers may be made or accepted from any resident outside these states due to various state regulations and registration requirements regarding investment products and services.
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September 2010
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This month we are featuring some useful information on legislation that may affect your financial investment decisions, and a checklist of issues to consider regarding IRAs. If you need help in understanding your investment options, please contact us for a complimentary consultation. Click here to schedule an appointment.
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Market Update
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Did you know that you can get monthly stock market updates and a link to today's market activity on the Chornyak & Associates web site?
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