Broker Check

June Newsletter 2019


Fun Funds

Globally diversified portfolios. Asset allocation. Key economic trends. These are all important investing principals we follow at IWM as we monitor client’s portfolios in an effort to capture the upside returns while minimizing the downside risk. But, does investing always have to feel like you’re eating a plain bowl of oatmeal?

Our answer is no! Once you have a sound financial plan in place, there may be room to put some money aside for having a little fun. That’s why we have created our “Fun Fund”.

Topics like cannabis, cryptocurrency, artificial intelligence, block chain, and augmented reality have been taking over the news headlines. More and more, our clients are asking if there is a way they can participate in investing in some of these areas. After doing our due diligence, we have put together a sleeve of disruptor funds that span a number of industries and meet our criteria for performance. [Past Performance doesn't predict future results and future performance is unknown.]

Like adding blueberries and brown sugar to your oatmeal, this sleeve can add some color and flavor to your overall investment strategy. As these funds are more speculative, this won’t be for everyone. However, if you are interested in having a conversation, feel free to reach out and schedule time today. 

Investing involves risk including loss of principal.  No strategy assures success or protects against loss. 


Don't Let Your Adult Children Put Your Retirement At Risk

It is the responsibility of parents to take care of their children, mentally, physically, and financially.  But at what age is too old to be giving money to your kids?  Too often lately, we have seen clients financially support their adult children. Parents say they are giving their adult children some kind of financial support, financial support that is often detrimental to their retirement savings. In a recent study 50 percent of Americans say they have sacrificed or are sacrificing their own retirement savings in order to help their adult children financially. [1]

Parents spend twice as much supporting their children as they contribute to their own retirement accounts yearly. This is a major problem for two reasons. Not only are parents failing to teach their children debt management and financial responsibility, parents are making themselves a liability that one day their children will have to take on due to their lack of financial security. 

Helping our kids financially can send them the wrong message. While some will call it enabling, the enablers will simply say they are trying to help.  Parents can sometime feel that they are helping to relieve the financial burden their child is suffering, instead they are failing to teach their children how to manage their own finances.

Of course, it can be difficult to cut off financial support to your adult children, so here is what experts advise:

  1. Give your children non-financial support instead. Instead of paying for their rent, have them move into your home until they are able to land a stable job.  Instead of paying their student loans, help them refinance to more manageable payments.
  2. Help them to make a budget. Set your children up with a spending plan, or a debt reduction plan, a better way to manage their money.  You could do this yourself or hire a financial advisor to help. 
  3. Give in the right instances. It is okay to help children when they have been victims of circumstances that are beyond their control such a medical emergencies or natural disasters. Helping your child with a down payment on their first home is also okay as long as it doesn’t come with the expectation that you will be paying their mortgage, or helping with other house purchases in the future.  Doing things for your children is okay as long as you are financially secure.  But if you are constantly giving to a child that has trouble with money, you are not teaching them appropriate money management lessons. 
  4. You must put yourself first. By putting yourself first you are actually doing a favor for your children. The best lessons you can teach your children are self-reliance and the security knowing they will not have to provide for you in your advanced age.  The simplest way to do this is to provide clear separation and expectations about what is their responsibility and what is yours. [2]

[1] Smith, K.A (2019, April 24). Half of Parents Financially helping their Adult Children Say Its Putting Retirement Savings At Risk. Retrieved from:

[2] Hill, C (2019 April 24) 3 in 4 older parents make this financially disastrous mistake. Retrieved from:


The Complications of the American Dream

Theresa and Bill are pregnant with their second child.  Bill has a good job in the tech industry. Theresa has a degree and work experience however, has been focused on raising their son Ryan and preparing for the arrival of their daughter.  Bill has a good income and they have done well in managing expenses and paying off their debt, but don’t have a lot of savings for a down payment.  They have been renting a boutique two-bedroom home and Jill would like to stay at home with the kids until they both start school.  However, she is feeling the pressure of creating a second income because they both want to buy a larger home in which to raise their family.  They are concerned about qualifying for the purchase and if it is even the right time to buy.

Bill and Theresa scheduled an appointment with IWMG-SV's Service Coordinator to discuss their situation and work through their options.  After a discussion with the Service Coordinator, a second appointment was set up to meet with the Financial Planner, Estate Planning Team, Mortgage Team, and Real Estate Team. 

The Financial Planner worked with Theresa and Bill on their current budget. They discussed their immediate need of buying a home as well as doing some Education Planning, making sure they had sufficient life insurance to protect the family. They cleaned up some legacy 401K from previous jobs, and opened a joint investment account for saving towards their future goals.

As the Planners walked out of the conference room, the Estate Attorney walked in to get a trust in place.  While Theresa and Bill did not have a home yet, they needed to get medical directives, durable power of attorneys, and legal custody arrangements in place to make sure they were prepared to manage any catastrophic events.

Two days later, they met with the Real Estate Team to discuss what their new home would look like and where they would like to live. The Mortgage Team then helped to put a purchase plan in place. 

Theresa and Bill now have a plan in place to buy a house in six months, once they have saved a little more money. They are more secure in knowing that if something were to happen to either of them their spouse and children would be taken care of.  The Real Estate Team is watching the particular neighborhoods in which they would like to purchase their new home. They are on the journey toward the American Dream however, the journey can get complicated.  Working with IWMG-SV has provided them guidance and tools to empower them to live life confidently. 

P.S.  Theresa and Bill purchased their home last month with 3% down, and Becky was born healthy and happy.


The First Tee Of Silicon Valley- "More Than A Game"

With more and more technology-driven education and entertainment in our children’s lives, it’s important to remember there is a benefit to time away from the screen.  Enter The First Tee of Silicon Valley (TFTSV) Youth Development Program, whose purpose is to develop youth throughout Silicon Valley, and transform their lives towards a brighter future. This coincides with The First Tee’s mission to impact the lives of young people (grades two through twelve) by providing educational programs that build character, instill life-enhancing values, and promote healthy choices through the game of golf.

The organization uses their Nine Core Values curriculum as a driving force to empower the next generation.  Like investing, mastering the game of golf requires patience, strategic thinking, and the flexibility to adjust as circumstances and the lay of the land require. While learning those life skills on the golf course, TFTSV participants can apply those values both at home and school. 

TFTSV is a self-sustaining, public benefit non-profit organization that serves the community. It is a safe haven that provides structure, direction, and mentorship to many children who never dreamed of working on core values and life goals through golf.  They are celebrating their 13th year of positively changing the lives of the youth of Silicon Valley and have served more than 70,000 participants through their on-course or at-school programs

There are a number of ways you can get involved including volunteering and donating.  For more information contact:

Judy Dixon Deaton

Development Director

The First Tee of Silicon Valley

1922 The Alameda, Ste. 214

San Jose, CA 95126


The First Tee Silicon Valley


Reciepe by: Clare Franceschini

Integrated Wealth Management Client, Claire Franceschini, loves to bake . She shares with us a recipe out of her British cook book she brought with her when she moved to America. She hopes you will enjoy a delicious treat from her home town.

British Lemon Meringue Cupcakes


4 oz butter, softened
4oz caster sugar (In USA I found that Bakers Sugar works just fine. – it can be found at most supermarkets next to the regular granulated sugar)
2 eggs
5 oz self rising flour
½ tsp vanilla essence
Grated rind of 1 lemon. (I sometimes use two lemons for stronger flavor)

2 egg whites, 3.5 oz caster sugar,  4 TBSP lemon Curd 


• Line a cupcake tin with 12 paper cupcake liners

• Line a cupcake tin with 12 paper cupcake liners

• Put all of the cake ingredients in an electric mixer and mix for 1 minute until light and fluffy

• Divide into the cases. I go between half and ¾ and sometimes only get 10 cupcakes not 12

Bake in a 350 degrees oven for 20 mins. 

• Meanwhile, while cupcakes are baking I make meringue. Beat the egg whites in a clean bowl until peaking. Gradually add the sugar a TBSP at a time until you get a firm meringue.

• Remove the cakes from the oven and increase the temperature to 450 degrees.

• Scoop out about a tsp out of the center of the cupcake and fill with some lemon curd. Pile meringue on top swirling with a palette knife.

Place in oven for 1-2 mins watching closely so it does not burn. You should get a nice little brown coloring.

Community Forum

Be sure to catch IWM at one of the upcoming Willow Glen 2019 Community Events.  Like last year we plan to be a part of the BBQ in the Glen Event in September and the Bubbly Walk in December.  We hope to see you there! 

Willow Glen Community Events: 

Thursday, July 18 | Summer Ladies Night Out

Sunday, September 8 | Cruise for a Cause Car Show

Saturday, September 28 | BBQ in the Glen

Saturday, December 7th | Holiday Bubbly Walk

For more information check out the Willow Glen Business Associations website at: 

Willow Glen Business Association

WG Treasure Hunt

Coming Summer 2019 | WG Treasure Hunt

The WG Treasure Hunt will be released this summer.  Its a game played on your phone, on the streets of Willow Glen.  Treasure seekers will hunt for clues, solve puzzles, and dive deep in the history, culture and lore of the Willow Glen community. What could be better you ask?  Winning Real Life Treasure in the end!  For more information check out the WG Treasure Hunt Facebook page at: