Better Together!

Better Together K and WAAM

WARREN AVERETT ASSET MANAGEMENT AND KINSIGHT JOIN FORCES TO CREATE LARGEST FEE-ONLY FINANCIAL PLANNING AND INVESTMENT ADVISORY FIRM IN ALABAMA

BIRMINGHAM, Ala. – April 5, 2017 – With a shared vision of holistic financial planning, client commitment and independence, Birmingham-based Warren Averett Asset Management and Kinsight have joined forces to create the largest fee-only financial planning and investment advisory firm in Alabama, with combined assets under management in excess of $2.2 Billion.

“Charlie Haines, Kinsight’s founder, is a well-known leader in the financial planning industry across the country and a pioneer in the fee-only field,” said Josh Reidinger, President of Warren Averett Asset Management. “We have like-minded clients – successful and affluent families – and are grateful we can now offer even more ways to help our clients thrive.”

“Josh Reidinger and I actually met through a mutual friend at a local ministry,” said Charlie Haines, founder and shareholder of Kinsight. “We immediately connected, and when we looked at the overlap Warren Averett and Kinsight have in our investment philosophy and portfolio construction approach, a merger made perfect sense.”

Kinsight will operate under the name Warren Averett Asset Management, and will maintain their location off Lakeshore Drive in Birmingham. Watch this video to learn more about how and why these two firms have joined together.

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Kinsight advises over 160 families with assets under management in excess of $400 Million and is an independent Registered Investment Advisor (RIA). Kinsight offers family fulfillment planning, financial planning, portfolio planning and strategic care services. Kinsight’s essential purpose is to help families align their material resources with their life purpose. Learn more at www.Kinsight.com.

Offering personal wealth management, family office, retirement plan and institutional consulting services, Warren Averett Asset Management advises on assets in excess of $1.8 Billion and is an independent Registered Investment Advisor (RIA). Warren Averett Asset Management offers clients collaborative investment, tax, estate and financial planning services, through a team of 40-plus team members who hold many of the industry’s most prestigious credentials. Learn more at www.WAasset.com.

Talk about a crowd!

The Exceptional Foundation’s 13th annual Chili Cook-off was a huge success!  We had the best time, visiting with guests, friends, clients and strangers.  Not only did we (Kinsight employees) enjoy working, but our kids worked as well.  Scooping chili, greeting guests, fetching cups, refilling the cookie tree… we worked hard and loved every minute of it. With our very own Drew Gearhart as the President of the Junior Board, how could we not?  His enthusiasm has rubbed off on us.

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Some highlights:

  • Booth sponsorship was up… last year there were 90 booths, 124 this year,
  • Music on every corner,
  • Dogs (and a couple of goats) had as much fun as masters,
  • We ran out of chili by 2:00 pm (15 gallons of chili went FAST),
  • Kids had a blast, eating, drinking and wandering, and
  • Kinsight made the Top 30!

Honestly, though the space was significantly larger, once the people started arriving, it seemed tight.  Cars were parked up and down Shades Creek Parkway, in all the decks, on the neighborhood streets, on the Highway 280 on-ramp shoulder, EVERYWHERE!

It is beautiful when individuals from all over come together to support a worthy cause. Maybe you just went for the Chili.  If so, maybe you walked away with something more. I encourage you to explore The Exceptional Foundation (TEF). Beginning in 1994, a simple play-date became a ground breaking program…. “a special place for those with special needs.”  TEF is assisting 500+ families, providing recreation, friendship, activities, opportunities, and a place to just be themselves.  Four days a week, the doors of TEF fly open with participants ready to join their friends for the day, ready to work, learn and play. Isn’t that what we all want to do?

The Chili Cook-off is the biggest fundraiser of the year, but check out Dinnertainment (selling out LOOOOOONNNNGGGG before the event), sponsored Christmas Caroling for businesses, and the gift wrap sale.  Or, just drop by and volunteer… and they can always use smaller donations for supplies, field trips and snacks.

Thanks for stopping by!

The Exceptional Foundation Chili Cook-off

Come one, come all!

2016-heath-tef-ccoWe are preparing for the upcoming Exceptional Foundation Chili Cook-off and would like to invite you, your spouse, your children, your grandchildren, heck, even your dog, to join us.  If you would like to be our guest, let us know by February 28th so we have enough time to mail the tickets to you.

If you haven’t attended in the past, you are missing out!   Booth after booth, team after team of volunteers cooking some of the best (or worst or hottest) chili you will find in the Southeast.  Teams arrive as early as 3 am to begin the process of cooking the chili from scratch.  By 10:30, the chili is ready for public consumption.  In addition to chili, there are a number of activities for children, including a bouncy-house, games, and face painting.  AND the event is dog friendly, but I wouldn’t let Fido clean up any spills you might come across (wink, wink).

Can’t wait to see you there!

Kinsight

2016 Surprises, 2017 Kick Start

2016From A to Z, 2016 was a year that had many surprises and challenges for investors:

A = Adversity (global stocks got off to their worst start in history in January and then the downturn continued until mid-February);

B = Brexit (pollsters incorrectly predicted that the UK would vote to stay in the European Union, leading to a sell-off late in the 2nd quarter);

C = Cubs (while “C” could also stand for commodities or China, we gave the nod to the Chicago Cubs, who won their first World Series since 1908);

D = Donald Trump (pollsters again missed their U.S. Presidential predictions, and instead of a market downturn, stocks began to rally).

We could go all the way to Z, instead let’s finish it with one of the most important words of 2016: P = Populism, “a political philosophy supporting the rights and power of the people in their struggle against the privileged elite.” This movement swept through Europe and the U.S. last year.

For the year, U.S. Small Company Stocks were the best performers, rising more than 21% as President Trump’s policy proposals related to corporate tax reform, de-regulation and infrastructure spending led to euphoria for this asset class. U.S. Large Company Stocks and Emerging Markets both returned 11%-12%. The laggard equity asset class was Non-U.S. Developed Stocks in Europe and Japan, returning only about 1%. In terms of fixed income, the Barclays Aggregate Bond Index generated about 2.7%, after its return was more than cut in half in the 4th quarter.

The year begins with optimism over the U.S. economy as President Trump’s pro-growth, pro-business policies may lead to stronger GDP and corporate earnings. No matter what 2017 holds, we will be right there with you as a partner in your journey to the fulfillment of your shorter-term and longer-term goals. Please let us know if your tolerance for risk has changed or if you would like to consider a portfolio model with different risk/return characteristics.

 -John Cox

John Cox Rings the NYSE Closing Bell

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John Cox, Kinsight Director of Investments, was selected to be part of the New York Stock Exchange (NYSE) Closing Bell ceremony on October 4, 2016. Kinsight is part of a nine-member Registered Investment Advisor (RIA) peer group, formed in 1997, and known as Group 2020i, with aggregate assets under management that exceed $23 billion. Certain members from these firms were among the guests on the platform for this NYSE event. The members of this group span the country, ranging from San Francisco to Boston. Kinsight is the only Alabama-based member. In addition to periodic calls, they have two conferences per year in which they invite outside speakers to discuss investment, economic and policy issues. The firms spend a significant amount of time discussing portfolio models, best ideas, market outlook, investment philosophies and ways to improve.

John has been meeting with these firms for more than 12 years and believes it is a valuable competitive advantage to our firm, bringing a fresh perspective and essentially serving as an external Think Tank for Kinsight with eight other Chief Investment Officers. This information-sharing arrangement augments the Kinsight Portfolio Think Tank, which consists of six members who have an average of more than 20 years of experience and tenure at Kinsight.

Celebration 30 Years in the Making

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Continuing the celebration of 30 years, we hosted a party at the Birmingham Botanical Gardens.  Our clients and our friends were greeted with a number of tasting stations, great music, and a beautiful night to be outdoors.

We are thankful for those who were able to join us.  We are thankful for clients and friends who are excited to refer new clients to us.  We are thankful for our Kinsight Community, a place of mutual respect, common purpose and quirky sense of humor.  Most of all, we are thankful for 30 years of personally-rewarding relationships with wonderful families and we look forward to the next thirty!

If you missed it, we will see you at the next party!