1. Summer 2010 ewsletter
The Wealth Managers for Business Owners
We manage financial
matters so you can The Business Wealth Management Process TM
focus on your
business, your family,
This quarter’s activity: Estate and Legacy varies widely depending on the cli-
and your life. ent’s wishes and life stage. For some clients, it’s simply reviewing their benefi-
ciary designations, which are extremely important and sometimes neglected.
For others, we may be helping them implement family meetings to discuss how
they want to pass on assets and values to future generations.
84 South Fourth Street
Columbus, OH 43215
Next Quarter: Insurance and Protection
P: 614.469.4685 (Beacon Hill does not sell insurance)
info@BHAdvisory.com
www.BeaconHillAdvisory.com
Market Update: Corporate Retirement
Our current sunny skies certainly have not Plans
matched the market performance this quarter! Change is in the air again for
Investors’ concerns about European debt issues corporate retirement plans. The
were dampened slightly, and the focus turned to “American Jobs and Closing
the overall pace of economic recovery, which you Tax Loopholes Act of 2010” had
can see was disappointing from the graph below. called for, amongst other things,
service providers fully disclosing
their fees to the employer, and
Equity Markets Mark Fissel, RFC
for the employer to fully disclose
fees that are being charged to participants.
Current Status:
The House approved the legislation, however, the
Senate stripped it out. While it doesn’t appear
that fee disclosure will occur due to this bill, it’s
worthwhile for us to review it as fee disclosure is
picking up steam and they are likely deferring to
the Department of Labor’s expected regulations
that are coming soon (within a month or two).
(MSCI EAFE)
(S&P 500) (Russell 2000)
Cont’d (back) Cont’d (back)
www.BeaconHillAdvisory.com

2. Market Update (cont’d) Corporate Retirement Plans (cont’d)
The fixed income Fixed Income Markets Takeaway:
markets had an Sponsors need to prepare for full fee disclosure to
interesting quarter, participants; the Department of Labor and Con-
with a controlled gress have been moving that way for some time.
flight to quality. High
yield bonds showed Very few small business owners understand the
surprising resiliency full array of non-disclosed fees being charged from
during a period the plan assets and will become vulnerable to the
increased litigation. Since they are personally
where the equity
liable, this becomes more important.
markets got
trounced. (BarCap U.S. Aggregate Bond) (BarCap U.S. Corporate High Yield)
Seen in the Press:
Long term rates declined even further, making
us feel a bit “Chicken Little”-ish about our con- “What Investment Trends are making an impact
cern on long term bonds. However, we con- in 2010” by Mark Fissel, RFC
tinue to keep our fixed income maturities Columbus Business First – 6/25/2010
shorter.
Readers will recall that we increased our fixed “Shaky Stock Market puts Low Risk Corporate
income/cash holdings in May, and we are cur- Bonds in Play for Investors” by Robert Celaschi,
rently looking for market re-entry now that Columbus Business First– 6/25/2010
prices have decreased some. Clint Edgington, CFA -(Clint Edgington, CFA)
84 South Fourth Street
Columbus, OH 43215
The Wealth Managers for Business Owners
www.BeaconHillAdvisory.com