Aviance Capital Partners

When families get together during the summer months, it's a wonderful chance to spend quality time reconnecting and discussing important matters, including your financial future. One valuable tool we suggest to our clients is the "family meeting." What is a family meeting? - Clients invite family members to join us for a high-level overview of their financial strategy. - As financial professionals, we can help answer questions about investment approaches, key goals, estate decisions, and more. - We can provide information so that everyone knows where important documents are kept and that we're here to support them. Sometimes, family members are ready to start a relationship with a financial professional or ask for an evaluation of their existing financial strategy. Others just appreciate knowing that their parents' or grandparents' assets are being taken care of and meeting the professionals with whom they have entrusted the management of their personal finances. As your family gathers this summer, consider the benefits of bringing everyone together for a financial family meeting. #FamilyMeeting #FinancialTransparency #EstateManagement #FinancialGoals

July is Family Reunion Month! It’s time for laughter, memories, and family bonding! If you’re looking for ideas, here are a few that could be fun for all ages: 1. Family Olympics: Organize friendly competitions such as sack races, egg-and-spoon races, or water balloon tosses.🏅 2. Talent Show. 🎤 3. Family Trivia: Test everyone's knowledge of family history, traditions, and fun facts.❓ 4. Scavenger Hunt: Set up a scavenger hunt with clues and prizes that celebrate your family's story. 5. Cooking Contest: Host a cooking competition with judges from different generations. 👩🍳 6. Craft Corner: Set up a craft station with supplies for all ages, from coloring pages for kids to family-themed DIY projects for adults. 🎨 7. Family Tree Activity: Create a large family tree display and encourage family members to add photos, stories, and memories. 🌳 8. Outdoor Movie Night: Set up a projector and screen for an outdoor movie night. 🍿 9. Group Dance Lessons: Bring in a dance instructor to teach a family-friendly dance. 💃 10. Family History Interviews: Pair up younger and older family members for interviews to share stories and experiences across generations. What are your favorite family reunion activities? Share your ideas in the comments below! 👇 #NationalFamilyReunionMonth #FamilyFirst #FamilyLove #Reunion #CelebrateFamily #July2024

Are you visiting one of the top 20 destinations for this summer? While our hometown, Naples, FL, was just ranked #1 for "Best Places to Live 2024-2025" by U.S. News & World Report, many of us at Aviance still enjoy traveling during the summer months. Google recently unveiled the top 20 summer destinations based on insight from past flight booking data and search trends. A few places have fallen out of favor since last year, and there are some new additions. 1. London 2. Paris 3. Tokyo 4. Rome 5. New York 6. Cancun 7. Orlando 8. Las Vegas 9. Seattle 10. Athens 11. Los Angeles 12. Miami 13. Barcelona 14. Dublin 15. Fort Lauderdale 16. Honolulu 17. Denver 18. Madrid 19. Boston 20. San Juan According to Google, the biggest changes from 2023 are Cancun dropping from #2 to #6 and Tokyo rising from #8 to #3. Newcomers to the top destinations list include San Juan, Puerto Rico, and Madrid. Sorry, but Chicago and San Francisco didn't make the top 20 this year. If you’re traveling, before you go, it’s a good idea to consider contacting your bank and credit card companies to help manage payment issues. And if you're traveling internationally, you might want to keep printed pictures of your passport handy if it goes missing. Any surprises on this list? Where are you going this summer?

🧺 It's National Picnic Month! Did you know that the average person picnics at least three times a year, according to a 2024 report by National Picnic Week? Fun Fact: The most people picnicking simultaneously at a single venue is 22,232, organized by Realizar Impact Marketing and Modelo in 2009. (Source: 2024 Guinness World Records) If you want some reasons to take a picnic… ➡️ Take in the fresh air, soak up some sunshine, and appreciate the beauty of the outdoors. ➡️ Spend quality time with family and friends away from the distractions of daily life. ➡️ Step away from screens and enjoy a relaxing meal in a peaceful setting. ➡️ Have fun getting creative with the menu. From classic favorites to innovative recipes, picnics are a chance to have fun with food. This National Picnic Month, challenge yourself to plan a picnic in a new location, try a new recipe, or invite someone you haven't seen in a while. Share your favorite picnic spots or recipes in the comments below! 👇 #NationalPicnicMonth #PicnicSeason #OutdoorDining #FamilyTime #SummerFun

A 2024 survey by Caring.com revealed that only 32% of Americans have a will as part of their estate strategies. Many put it off, thinking it’s too early or they don’t have enough money to need one. Estate management can be complex. So, it can be helpful to consider your estate strategy as an ongoing process. We’ve seen many families negatively impacted by common preparation mistakes. Here are just a few: 1️) Overlooking the benefits (and limitations) of a Financial Power of Attorney or Advance Health Care Directive 2️) Not providing details on how to access digital tools 3️) Not accounting for non-financial assets such as heirlooms, pets, etc. 4️) Not periodically reviewing your estate strategy 5️) Not preparing for the expiration of the Tax Cuts and Jobs Act (TCJA) at the end of 2025. Even if there are no changes to your situation, you may want to meet periodically with your estate team to discuss whether your estate strategy reflects current best practices in estate management. #EstateManagement #LegacyStrategy #PersonalFinance #WealthTransfer

🔌📱 Summer Travel Tip: Don’t forget to pack your own power. Supplying your own power source when you travel can help you avoid using more public USB ports to charge your phone! It’s a cyber attack called “juice jacking,” when hackers use a public USB port to access personal information on your phone. With juice jacking, malware gets loaded onto public USB charging stations, allowing bad actors to access your device while it's charging. This could result in personal data and passwords being stolen. 😱🔒 How can you avoid it? PACK YOUR OWN POWER! Consider buying a mobile battery charger for your phone. Most use the same cable you use to charge your phone at home. Pro Tip: Consider buying two battery chargers. While one is charging, the other can be used to power your phone if the battery is low. Remember, public WiFi networks can also be risky. For more information on mobile phones and online security, check out the FCC consumer guide: Wireless Connections and Bluetooth Security Tips. Stay safe—and secure—and enjoy your travels! 🌍 #CyberSecurity #JuiceJacking #TravelTips #StaySecure

🗣 First, the good news: according to the latest Retirement Confidence Survey, most pre-retirees (68%) and retirees (74%) are optimistic about financing a comfortable retirement! 🚧 Inflation remains a top concern, with 83% of surveyed pre-retirees worried that rising costs will make it harder to save as much as they'd like. For many, there’s still a gap between the nest egg they want ($1.5M+) and what they have saved. 🤔 So what does this mean? Inflation may weigh on savings efforts, but most surveyed pre-retirees are feeling good about their retirement choices and their future! #Retirement #RetirementConfidence #Inflation #savings #surveysays

Amazon Prime Day is coming soon! What is Prime Day? Prime Day is Amazon’s exclusive deal event for Prime members. Some tips to make the most of it: ➡️ Visit the Prime Day Event page to create deal alerts for personalized suggestions. You can subscribe to receive alert notifications related to your recent Amazon searches and recently viewed items on the Amazon app. When Prime Day arrives, you can receive push notifications for available deals. ➡️ Get deal notifications from Alexa: Prime members can ask Alexa for deal notifications on products added to their Wish List, Cart, or Save for Later. Just ask, “Alexa, add [product name] to my cart,” and then tell Alexa to notify you about the deal when it’s live. ➡️ Set a reminder: Prime members can tell their Alexa devices, “Remind me when Prime Day starts,” to be alerted when the two-day deals event begins. Happy shopping! Hope these tips are helpful! #AmazonPrimeDay #PrimeDay2024 #BiggestSaleOfTheYear #OnlineShopping #AmazonDeals

In a 2024 National Institute of Retirement Security survey of working-age Americans, 79% agree that the nation faces a retirement savings crisis, up from 67% in 2020. And more than half of Americans (55%) are concerned about their financial security in retirement. Gen Z, the youngest adults in America, thinks they have a potential solution. Have you heard about the FIRE 🔥 movement? The FIRE philosophy (Financial Independence, Retire Early) urges workers to save up to 70% of their income for early retirement. According to a survey by Credit Karma, more than 50% of Generation Z say they are part of the FIRE movement. However, the problem is that 76% of Gen Z have no company-sponsored retirement plan, and nearly 60% lack a savings account. So, the data would suggest that the vast majority of people lack the tools needed to pursue the early retirement dream. When was the last time you assessed your retirement strategy? Let us know if you’d like to review your approach to see if you’re on track to pursue your retirement goals. #GenZ #FIREmovement #RetirementStrategy #FinancialLiteracy #InvestInYourFuture

With the uptick in do-it-yourself (DIY) investing, more people than ever are trying their hand at managing a portfolio. This can be risky, and individual investors find themselves attempting to manage several potential missteps. Here are the missteps DIY investors often make: 1. Letting Their Ego Interfere: Ego can lead traders to overvalue their own ideas, abilities, and knowledge about the financial market. Ego can lead to poor decision-making, especially in pressure-filled situations. 2. Making Emotion-Based Decisions: Managing your emotions is one of the most challenging aspects of investing. DIY investors often look for a person to ask, “What do you think?” 3. Portfolio Concentration: DIY investors inadvertently find their portfolios concentrated in a few assets, which may not align with their goals, time horizon, and risk tolerance. 4. Failing to Use Portfolio Management Tools. Modern portfolio management tools can help guide the process of managing money. However, some DIY investors don't understand them or how to use them properly. DIY investing works for some, but it can be challenging, and individuals may find themselves in complicated situations and searching for answers. A financial professional may be able to offer a second opinion. #DIYInvesting #InvestingMistakes #FinancialStrategy