Vance Barse, AIF®
Wealth Strategist


Vance’s Blog

Vance in InvestmentNews: Opening an IRA just for Alternative Investments

Vance Barse, wealth strategist at Manning Wealth Management, acknowledged the appeal of such a platform, but stressed the importance of due diligence and suitability.

"Some alternative investment strategies are quite sophisticated and may be too advanced for the common IRA investor to fully understand," he said. "From a planning standpoint, investors who allocate retirement assets to illiquid alternative investments should consider their required minimum distributions, because you will need to keep enough liquidity to satisfy the distribution requirements if the investors are getting close to 70.5 years old.”

"There's also some tax-advantaged potential of investing in alternatives in an IRA, but if you sell at a loss you can't use that for tax purposes because it's inside a qualified account," Mr. Barse added.

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Webinar: Selecting the Financial Advisor that is Right for You

Achieving your financial, retirement, estate planning, and other goals may require a financial advisor. But advisors are not all the same: who you have serving you can make a big difference in achieving your goals. The relationship you have with your advisor should be about more than “just” trust or the name on the door. This webinar offers guidance to help you select the financial advisor that is right for you.

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Vance in ThinkAdvisor: Advisors’ Advice: Top 11 Retirement Planning Questions Clients Ask

“Clients nearing or in retirement painfully remember 2008 and are aware that the U.S. hasn’t had a recession in over a decade. This is a fear-based question that crosses many people’s minds and is a great opportunity to revisit core planning principles to help put them at ease. When this question arises, I conduct a behavioral exercise during which we discuss: recession concerns, portfolio allocation, Social Security, health care costs [and] other income sources.”

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Vance in InvestmentNews: Capital One Data Hack Puts Financial Advisers on High Alert

"The Capital One data breach serves as a great, yet painful, reminder that it's important for clients to ask financial, insurance, educational and other institutions what security measures they have in place to help prevent such violations," Mr. Barse said. "Given that the Capital One breach is front of mind, now is a great time for clients to inquire how their institutions will assist them in the unfortunate event that their confidential data is compromised. It's also a great time for advisers to educate clients on the information security and best practices their institutions have in place."

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Vance on A Warning to Seniors if the Fed Lowers Interest Rates

“Clients who are worried about stock market implosions may benefit from modifying their portfolio so that they don’t have more than the appropriate amount of exposure to equities,” said Vance Barse, a wealth strategist at Manning Wealth Management in San Diego.

He’s addressing this by having clients complete a semi-annual risk tolerance questionnaire.

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Vance in InvestmentNews: Schwab moving to subscription fees could be watershed moment for advice industry

Vance Barse, a wealth strategist at Manning Wealth Management, agrees that advisers who charge full-service prices while only providing portfolio management could lose some accounts to the subscription fee model.

However, Mr. Barse is concerned that people with complex needs may be wooed by lower costs and end up being underserved.

"Are these CFPs working alongside the client's CPA and estate planning attorney?" Mr. Barse asked. "This news leaves me with more questions than answers, and I am inclined to open an account to evaluate first-hand how evolved these planners are and what the client experience is like."

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