Victor Cannillo: When you have good people, with the same common cause and the same purpose, which in our case is to deliver and do the right thing by clients- that is how we came together.
Nicholas Scheibner: What you can expect from the Baron Financial Group is really personalized service; when someone calls in, we know their name, we know their situation and it’s a team here.
VC: People are tired of dealing with these big brokerage firms, so they are looking for a relationship where the people work for me, and it is independent. When prospective clients come in, we say, “follow the money,” that is where the advice is going to be crafted. Ours is whatever the best solution is for the client.
Anthony Benante: We focus on constructing a plan for each client and it is a customized strategy for those clients; we educate the client as to what is going to happen with that strategy, and it is a strategy based on diversification.
Anthony Benante, CFA and Nicholas Scheibner, CFP® of Baron Financial Group recently attended the 70th CFA Institute Annual (four-day) Conference in Philadelphia, to keep updated on financial industry topics and trends. The CFA (Chartered Financial Analyst) Institute’s mission is to lead the investment profession globally by promoting the highest standards of ethics, education, and professional excellence for the ultimate benefit of society.
According to the CFA Institute, it’s imperative that investment professionals remain current in this changing and complex climate to best serve their clients’ interests.
Read more about the CFA Institute at cfainstitue.org.
To learn more about Baron Financial’s investment management service, visit our services pages on our website.
To thank our many clients and friends for their continued support, we hosted two client appreciation events this year: one in Sarasota, Florida and one in Hawthorne, New Jersey.
We were pleased to host, for the second year, a client appreciation event at Ed Smith Stadium in Sarasota, Florida, the spring-training home of the Baltimore Orioles. At the Feb. 27, 2017 game, the Yankees won 4-1, a happy outcome for the many Yankee fans in attendance. A special appearance by the Oriole’s mascot added to the enjoyment of the day.
It is our custom to make a donation to a local charity whenever we host a client appreciation event. Continuing with our tradition, a donation was made in honor of our clients and friends to the “All Faiths Food Bank” in Sarasota.
Baron hosted their third annual Casino Night event on May 4, 2017, at Macaluso’s in Hawthorne, New Jersey. Attendees were given “play” money to participate in the casino games, ensuring no one could lose real money. Chips were cashed in for raffle tickets for the chance to win some great prizes, including gift baskets, and gift cards to various local restaurants and businesses. The ultimate and most coveted prize was two tickets to see Wicked on Broadway.
Although guests had an opportunity to win raffled prizes, the big winner was the “Fair Lawn Food Pantry”, who received a monetary donation from Baron to honor our clients and friends.
Baron Financial Group recognizes that there are members of the community who are not as fortunate as others, who need help to meet the most basic of needs. Baron’s purpose is to help our clients reach their financial goals and to secure a better future for them and their families. In keeping with our philosophy, the firm is committed to making the community a better place. It is our hope that together, we can look forward to a future of promise for all.
A 60-second read by the Baron Team: Congratulations 2017 college graduates! Throw that mortarboard as high in the air as you can and before it circles back down to earth, start thinking about saving for your retirement. You are most likely going to be responsible for setting yourself up for a successful retirement, so your best bet is to invest early and often.
Invest in yourself first. Most people think investing is the key to wealth, but while certainly important, you have to have some money first to invest. So as soon as you begin your first job out of school, start saving as much as you can for retirement.
In support of the SCARC Foundation, members of Baron Financial Group attended the 2017 SCARC Foundation Honors and Leadership Awards Celebration on March 9, 2017.
SCARC Inc., an organization serving people with developmental disabilities, is dedicated to the empowerment and support of persons with developmental disabilities and their families. The organization will facilitate partnerships with community resources, assist in maximum community participation, promote individual planning based on choices, preferences and needs, and foster the development of socially valued roles for each person served. For more information, visit the SCARC website at scarc.org.
At Baron, we recognize that the financial planning challenges faced by families with special needs members are significant. We take great pride in helping families address today’s needs and plan for those that are likely to follow. For more information about our services for families with special needs, visit our special needs page.
A 30-second read by the Baron Team: In a previous post, we provided some tips to help avoid phone scams from the FTC. If receiving excessive sales calls is a concern for you, there is an option to help reduce the amount of telemarketing calls you receive by joining the National Do Not Call Registry.
The Do Not Call Registry is a free service where you can register your phone number in order to reduce telemarketing/ sales calls. According to the Federal Trade Commission (FTC), if a company is legitimate and sees that you are on the list, they should not call you. If a company sees you on the list, but calls you regardless, it is most likely a scam call.
While being on the Do Not Call Registry may not prevent robo-calls, the FTC has several initiatives to try to solve this issue.
If you are interested in putting your number on the registry, go to donotcall.gov or call 1-888-382-1222. They will accept both cell phone and landline numbers.
For more information from the FTC, click here to read more.
For more specific information regarding “Cell Phones and the Do Not Call Registry,” click here.
A 60-second read by the Baron Team:Need more time to compile information for your tax return? Haven’t received all of the documents you need? It will be in your best interest to file a tax extension. This will extend the due date up until October 16, 2017.
How to file a Paper Tax Extension:
To file an extension, you are going to need to fill out Form 4868 [Application for Automatic Extension of Time to File U.S. Individual Income Tax Return]. You can download the form and instructions from the IRS website.
With the form, you also need to send in at least 90% of your estimated tax liability due for the year.
To pay by check, mail the form with the check together. Make the check out to United States Treasury. On the memo line, write your Social Security Number, Form 4868, and the tax year (2016). This way, they know that you are sending the check as part of your extension.
When mailing in the tax extension, it is highly recommended that you send it via certified mail or another method that provides you with a tracking number. The envelope needs to be postmarked by April 18th. Check the instructions portion of Form 4868 for the correct mailing address (it varies according to what state you reside in).
To Prevent any Penalties:
Carefully read all instructions and follow all directions on Form 4868.
Correctly estimate your tax liability for the year and send in 90% of the amount due.
It is possible to file your extension online. See the IRS website for more details.
If you ever feel unsure or concerned about the process, consult a Tax Professional to assist you.
A 30-second read by the Baron Team: It is not uncommon to turn on the news or read an article and hear about a new scam. Lately, you might have heard about the “Can you hear me?” phone scam, as recently reported by CNBC.
Whether such scams wind up being legitimate or just hearsay, here are some helpful tips to keep in mind. Below is a brief snapshot of some of the phone-scam tips provided by the FTC (Federal Trade Commission). To read the entire FTC article, “10 Things You Can Do to Avoid Fraud,” click here.
If you don’t recognize the phone number, don’t pick up your phone. (If it is in fact a friend, family member or acquaintance trying to reach you, they will probably leave a voice mail.)
If you do pick up the phone and suspect it is a telemarketer or if it is a robo-call, hang up the phone. Don’t give out any personal or credit card information.
If you received a call that you think might be a scam number, search the number or caller id information, along with the word “scam” on the internet, to see if other people have written any complaints.
The Five Star award, administered by Five Star Professional, recognizes service professionals who provide quality services to their clients.
Baron Financial Group is proud to announce that Principals, Victor Cannillo and Anthony Benante, are recognized as 2017 Five Star Wealth Managers in New Jersey. They are proud to be multi-year award recipients. The list of recipients appears in the January 2017 issue of New Jersey Monthly magazine.
Sarasota-based Principal, Anthony Benante, also received the 2016 Five Star Wealth Manager award in Sarasota, as seen in Sarasota Magazine, in the November 2016 issue. This is the 3rd year in a row Anthony received this honor.
The Five Star Professional research team applies a vigorous research and evaluation process to identify service professionals who provide quality services to their clients. Professionals do not pay a fee to be considered or placed on the final list of Five Star award winners. Five Star Professional follows standard survey practices used by other professional research organizations. The research also includes a regulatory review to provide necessary checks and balances.
Click here for a list of selection criteria and research methodology.
Baron Financial Group is committed to putting clients’ interests first, providing independent and transparent advice, by using a true team approach.