Tag Archives: finances

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Make It Count with Rodefer Moss & Co., PLLC | Real Estate Accounting Solutions: Alleviating Accounting Headaches for Commercial Property Management

By Leah Driver, CPA Manager, Rodefer Moss & Co, PLLC

Many commercial property managers and owners spend a great deal of their time out of the office visiting properties.  This can make it difficult to keep up with their accounting and record keeping. While at a property they may need access to “real time” financial data.  Larger companies may have an employee handling these responsibilities in the office.  However, this doesn’t always alleviate the problem.  The employee may be behind in their bookkeeping and accounting responsibilities due to other office duties, or simply out of the office. Wouldn’t it be nice to have an accounting department without having to hire or retain employees and have your real-time financial data accessible 24/7? Real Estate Accounting Solutions (REAS) can do just that and much more!  REAS is a full service outsourced property management solution.  REAS is an affiliate of Rodefer Moss & Co, PLLC, one of the largest CPA firms in the region with over 50 years of business in the Southern Indiana and Louisville area.

REAS is a cloud-based solution with web portals for investors and owners, allowing real-time access to your property management data from any location 24 hours a day.  REAS provides accounting and organization tools for the property management process and is a great tool for any group, regardless of size.

Key Features

Property management professionals can outsource their day to day accounting and focus on what they do best.  Here some, but not all, of the great features and capabilities of REAS.

  • Financial Reporting, Bank Reconciliations
  • Accounting of Current & Future Leases
  • CAM Reconciliation
  • Rent Roll
  • Accounts Payable
  • Accounts Receivable

Tailored to your Needs

This software solution accompanied by our CPA’s with real estate accounting expertise brings a full outsourced solution to property management, lease management, vendor management and accounting service.

Property Type

Does your property fit the model of a REAS candidate?  There are many property types we can customize this feature to work with.  The following list includes examples of REAS candidates.

  • Apartment Complexes
  • Shopping Centers
  • Warehouses
  • Office Buildings
  • Commercial Buildings
  • Industrial Properties

Pricing

Pricing for REAS is based on rental revenues and their associated management fees.  The pricing is beneficial to both large and small developments.  As properties experience high tenant occupancies and profitable rental rates, REAS fees remain an incremental cost.  Likewise, pricing for this outsourced tool is great for smaller companies and start-ups, as the fees are percentage-based rather than flat fee.  Fees for this accounting solution are highly competitive for larger companies with existing accounting functions, as well as in smaller companies who simply cannot afford to hire internal accounting staff. Let REAS help you Increase accuracy, efficiency, and cost savings with “real-time” 24/7 access to your financial data from wherever you happen to be when you need it!

For More information on REAS or Rodefer Moss, please contact us.

Matt Brown, CPA  Partner               812-981-3436 mbrown@rodefermoss.com

Leah Driver, CPA Manager               812-981-3442 ldriver@rodefermoss.com

Website: www.REASaccounting.com

 

 

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Money Matters | Episode 4: My First Real Job and What to do with the Money

I have my first real job and my first real paycheck; What to do?  The answer may actually be your first real job.  The gents from Axiom Financial Strategies Group of Wells Fargo Advisors give us the inside track.
Money Matters: The Podcast is sponsored by Axiom Financial Strategies Group of Wells Fargo Advisors.  This monthly podcast is in addition to a monthly article titled, “Money Matters,” that is posted online at www.ExtolMag.com and www.axiomfsg.com.
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At Axiom Financial Strategies Group of Wells Fargo Advisors we sincerely appreciate our clients making opportunities like this possible. Without their support of our business, we would not be able to support programs like this.
Axiom Financial Strategies Group
of Wells Fargo Advisors
101 W Spring Street, Fifth Floor
New Albany, IN  47150
P 812.542.6475 | F 812.948.8732 | www.axiomfsg.com
At Axiom Financial Strategies Group of Wells Fargo Advisors, our team caters to a select group of family-owned businesses, entrepreneurs, individuals, institutions, and foundations, helping them build, manage, preserve, and transition wealth. We accomplish this while providing top-notch service through a team approach that puts our clients’ needs, goals, and interests first. To learn more visit our website at www.axiomfsg.com. Wells Fargo Advisors. Member SIPC.
The information provided is general in nature and may not apply to your personal investment situation. Individuals should consult with their chosen financial professional before making any decisions.
Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company.
CAR # for the podcast is 0417-02947
CAR # for the video is 0417-02942
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Money Matters: The Podcast | Episode 3: Invest Early and Compounding

A Money Matter’s duo,  Eric Ballenger, Senior Vice President – Investments and Michael Grau, CFP®, RICP®, Vice President – Investment, start with the basics, Investing 101.  Its the moment when you realize that you must invest early, but why?  They explain how compounding works and how easy it is to set it and forget it.

Invest in Your Future Today Brochure
Money Matters: The Podcast is sponsored by Axiom Financial Strategies Group of Wells Fargo Advisors.  This monthly podcast is in addition to a monthly article titled, “Money Matters,” that is posted online at www.ExtolMag.com and www.axiomfsg.com.

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At Axiom Financial Strategies Group of Wells Fargo Advisors we sincerely appreciate our clients making opportunities like this possible. Without their support of our business, we would not be able to support programs like this.

Axiom Financial Strategies Group
of Wells Fargo Advisors
101 W Spring Street, Fifth Floor
New Albany, IN  47150

P 812.542.6475 | F 812.948.8732 | www.axiomfsg.com

At Axiom Financial Strategies Group of Wells Fargo Advisors, our team caters to a select group of family-owned businesses, entrepreneurs, individuals, institutions, and foundations, helping them build, manage, preserve, and transition wealth. We accomplish this while providing top-notch service through a team approach that puts our clients’ needs, goals, and interests first. To learn more visit our website at www.axiomfsg.com. Wells Fargo Advisors. Member SIPC.

The information provided is general in nature and may not apply to your personal investment situation. Individuals should consult with their chosen financial professional before making any decisions.

Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company. CAR 1216-02739

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Podcast Photo:

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Money Matters by Eric Ballenger | Considering Alternative Investments

 

It’s no secret that the events and market volatility of the past few years continue to leave many individuals concerned about their investment portfolios. Despite what has proven to be a substantial market recovery, memories of the 2008-2009 market crisis and a number of ongoing global economic issues have prompted investors to seek investment solutions that can offer enhanced diversification, reduced volatility, and improved capital preservation.

Historically, investors have turned to fixed-income investments as a solution, and this time has proven to be no different. But the substantial flows into fixed-income assets in recent years – combined with the prospects for future interest-rate increases – have heightened concerns over diminished opportunities or potential “bubbles” within segments of the fixed-income market.

While the flight to quality and risk aversion in late 2008 and early 2009 was pervasive, many investors have continued to hold a conservative position throughout what has been a significant price recovery in both broad equity and credit markets. This strong asset price appreciation and unprecedented volatility have created a conundrum for investors who want to participate in equity and fixed income markets while limiting portfolio risk.

They find themselves asking, “Should I maintain a risk-off posture and merely accept the generally paltry returns offered by lower risk assets?” vs. “Do I chase returns through riskier investments despite the challenges still existing within the current overall environment?” This perceived all-or-nothing dilemma tends to leave many investors paralyzed.

While there are no simple answers to these questions, there are alternative solutions available to help investors diversify their portfolios beyond traditional stocks and bonds and complement their current asset allocation mix. Alternative investments – including hedge funds, managed futures, private equity, real estate, and commodities – offer investment solutions that best suit investors’ needs, objectives, and preferences.

Alternative investment strategies may deliver significant benefits to an overall investment portfolio, such as:

  • Greater potential for diversification
  • Historically low or non-correlation to traditional investments
  • Seek to minimize market cycle peaks and troughs
  • Exposure to a broader range of investment opportunities
  • Greater potential for improved risk-adjusted returns

While investors may benefit from the ability of alternative investments to potentially improve the risk-reward profiles in their portfolios, it’s important to remember the investments themselves can carry significant risks. Government regulation and monitoring of these types of investments may be minimal or nonexistent; returns may be volatile and present an increased risk of investment loss.

Here are some important considerations to keep in mind if you’re interested in pursuing opportunities in alternative investments for your portfolio with your Financial Advisor:

Complexity: Alternative investment strategies may span multiple markets, securities and risk factors. Because of the complex nature of these investment opportunities, an investor must rely on the experience, representations and credentials of advisors, fund managers and distribution agents. 

Fees and expenses: In most alternative investment strategies, managers are paid in two ways: They typically receive a fee calculated as a percentage of assets under management. They also typically receive a share of the strategy’s gains – a practice designed to reward the manager for positive returns. Trading fees and expenses may be significant with the potential to deplete trading profits. Funds of funds are subject to multiple layers of such fees. 

Holdings: Markets for a portfolio’s holdings may be relatively inactive and it is possible that trading in a specific portfolio holding could cease altogether. As a result, market valuations of specific portfolio holdings may not always be possible, causing accurate valuation of a portfolio to be difficult at times. 

Leverage: Because many alternative investment strategies seek to amplify mispricings that are relatively small, borrowing is often critical to delivering significant returns to investors. This use of leverage tends to amplify both gains and losses. 

Limited liquidity: A fund may not have a secondary market for its interests and none may be expected to develop, and there are restrictions on transferring interests of the fund. Performance figures may be based on valuations of illiquid investments that are difficult to value, and certain managers may carry such assets at cost until a realization event. 

Liquidity and redemptions: An investor’s ability to withdraw capital from funds or partnerships may be subject to specific limitations, including initial “lock-up” periods, advance notification requirements and predetermined “windows” for redemptions. 

Potential loss of investment: Speculative investments and are not suitable for all investors, nor do they represent a complete investment program. 

Tax risks: Investing in certain alternative investment funds may involve significant tax consequences. Investors should understand that they will likely be required to obtain extensions of the filing date for their income tax returns due to possible delays in the delivery of Schedule K-1. Nothing contained herein constitutes investment, legal, tax or other advice nor is it to be relied upon in making an investment or other decision.

Transparency: In order to preserve strategic advantage and the ability to transact nimbly, fund managers often significantly limit the ability for investors to review portfolio holdings. This practice – known as opacity or lack of transparency – can limit investors’ and advisors’ abilities to monitor managers and evaluate risks. 

Valuation variations: Investors should recognize that certain alternative investment funds are not required to provide periodic pricing or valuation information or information about their underlying investments to investors. 

Alternative investments and alternative strategies are not suitable for all investors.  Any offer to purchase or sell a specific Alternative Investment product will be made by the product’s official offering documents. Investors could lose all or a substantial amount of their investments in these products.   These investments carry specific investor qualifications which can include high income and net-worth requirements as well as relatively high investment minimums. They are complex investment vehicles which generally have high costs and substantial risks. The high expenses often associated with these investments must be offset by trading profits and other income. They tend to be more volatile than other types of investments and present an increased risk of investment loss. There may also be a lack of transparency as to the underlying assets. Other risks may apply as well, depending on the specific investment product. 

This information is for educational purposes only and should not be used or construed as financial advice, an offer to sell, a solicitation of an offer to buy, or a recommendation for any security. Global Alternative Investments and/or Wells Fargo do not guarantee that the information supplied is complete, undertake to advise you of any change of opinion, or make any guarantees of future results obtained from its use. Wells Fargo & Company affiliates may issue reports or have opinions that are inconsistent with, and reach conclusions from, this information. 

This article was written by/for Wells Fargo Advisors and provided courtesy of Eric Ballenger, Senior Vice President – Investment Officer with Axiom Financial Strategies Group of Wells Fargo Advisors in New Albany, IN.  Eric can be reached via email at eric.ballenger@wfadvisors.com or phone at (812) 948-8475.  Visit our website at www.AxiomFSG.com.

Investments in securities and insurance products are: NOT FDIC-INSURED/NOT BANK-GUARANTEED/MAY LOSE VALUE

Wells Fargo Advisors, Member SIPC, is a registered broker-dealer and a separate non-bank affiliate of Wells Fargo & Company.  ©2015 Wells Fargo Advisors.  All rights reserved.                 0315-04805 [93576-v1]

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Money Matters: The Podcast | Episode 1: Eyes on the Horizon

In this inaugural episode of Money Matters: The Podcast, Vaughan Scott, MBA, CPWA® Managing Director – Investment Officer Axiom Financial Strategies Group of Wells Fargo Advisors, discusses Wells Fargo’s 2016 midyear outlook report “Eyes on the Horizon” with Extol’s Jason Applegate. Additionally, Vaughan also shares insight into Brexit and whether or not the next president of the United States will affect the economy.

Money Matters: The Podcast is sponsored by Axiom Financial Strategies Group of Wells Fargo Advisors.  This quarterly podcast is in addition to a monthly article titled, “Money Matters,” that is posted online at www.ExtolMag.com and www.axiomfsg.com.

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At Axiom Financial Strategies Group of Wells Fargo Advisors we sincerely appreciate our clients making opportunities like this possible. Without their support of our business, we would not be able to support programs like this.

Michelle Floyd, CFP®  | Financial Consultant

Axiom Financial Strategies Group
of Wells Fargo Advisors
101 W Spring Street, Fifth Floor
New Albany, IN  47150

P 812.542.6475 | F 812.948.8732 | Michelle.Floyd@wellsfargoadvisors.comwww.axiomfsg.com

At Axiom Financial Strategies Group of Wells Fargo Advisors, our team caters to a select group of family-owned businesses, entrepreneurs, individuals, institutions, and foundations, helping them build, manage, preserve, and transition wealth. We accomplish this while providing top-notch service through a team approach that puts our clients’ needs, goals, and interests first. To learn more visit our website at www.axiomfsg.com. Wells Fargo Advisors. Member SIPC.

The information provided is general in nature and may not apply to your personal investment situation. Individuals should consult with their chosen financial professional before making any decisions.

Disclaimer


 

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Money Matters by Vaughan Scott | People Power – Investing in Human Capital

As I talk with business owners around the region and across the country about the challenges they face today, workforce development ranks at the very top of the list consistently.  While it is tempting to throw one’s hands up and accept it as a “new normal”, several entrepreneurs and family businesses have long recognized the importance of developing their existing team members and are finding innovative ways to develop new pools of future talent.

Investing in human capital doesn’t just mean providing benefits like retirement plans, health care, flextime and other benefits, though they are components.  So what else can be done? What are some of the most innovative, and successful companies in this region doing to develop and attract the best and brightest?

Samtec, founded in 1976 in New Albany, IN, is a respected company that actively promotes the development of their team members.  In fact, if you visit the “about us” tab on its website, you will see the statement: “WE ENABLE TECHNOLOGY BY EMPOWERING OUR ASSOCIATES.”

When I asked Brian Fields, Director of Operations and Engineering, about the unique things they were doing to develop their team-members, he explained that since its formation, Samtec has maintained a culture that holds its associates globally in high esteem.  “Ensuring that Samtec associates worldwide are given every opportunity to evolve and grow is paramount in the strategy for global organizational development,” said Fields.

Samtec operates in over twenty countries and associates at all levels, not just managers, are given the opportunity to experience global, cross-functional development and learning.  Specialized, immersive, programs are offered that will transfer an associate, and often his or her family, from their home location (U.S., China, Malaysia, Costa Rica, Europe, etc.) to another location for as little as one month to several years, depending on the associate’s role and business need.  The opportunity is seen as a way to better serve customers, solve problems, and to make the Samtec global community more closely connected and efficient.

“These investments in the human aspects of the business are the foundation for the long term growth and stability of the business.  It is an old saying but still holds true:  ‘Take care of your customers and your associates, or somebody else will,’” said Fields.

Kelley Construction was established in 1978, and is now the largest construction company in the region, with divisions that include commercial construction, food service, healthcare, industrial, and petroleum & energy.

Mark Kelley, co-owner (with his brother, Joe), believes strongly in finding new ways to develop talent and to preserve the wisdom of their most experienced team members.  Kelley recently hired a writer of curriculum to better document and teach best practices within the industrial division of their company. Kelley found that often the best techniques were stored in the memory banks of their most experienced team members and he wanted to be sure that they could train others properly, while simultaneously, recognizing and honoring the talents of their top performers.

The writer and skilled team members work together to identify the simplest techniques possible for learning specific skills, as well as, the important elements of culture and safety that should be understood or applied.  Kelley stated, “We knew that if our team members could teach the writer how to do things, we were on the right track.”

Kelley Construction’s industrial division now uses the curriculum developed to measure skill levels, before and after training, using both hands on tools and written tests. But, Kelley cautioned leaving future success to proper training alone, “Unless leaders can develop strong, meaningful relationships with their key people, both professionally and personally, many positions may be doomed to remain revolving doors for talent and that’s a hard way to operate.”

Four Barrel CrossFit was founded by Case Belcher in 2013, who left a successful marketing career to follow his passion for CrossFit and his dream of owning his own business.

“When we first started, I was the only employee and I coached from 6:00 am to 7:00 PM every day.  There was little time for talent development, I had to get this business off the ground”, said Belcher.   As membership levels grew, Belcher discovered early on that getting to know members, their personalities, and working with the internship coordinator for the University of Louisville’s Exercise Physiology Department really helped him to identify and attract talented people, who would later became part-time and full-time coaches.

As Four Barrel CrossFit continues to grow with two locations – a 10,000 square foot facility in New Albany and an 8,000 square foot facility in Louisville, Belcher believes investing in his people is a key element to continued growth and success.  The talented team of coaches at Four Barrel CrossFit now includes Lindy Barber, who competes at a national level in the CrossFit Games, Belcher’s wife Renee, and several others who coach over 400 members.  In an effort to attract and retain talented coaches, Belcher pays for half of any approved training or certification programs for part-time coaches and full time coaches enjoy annual stipends for training, certifications, and for competitions. Belcher states, “It’s important to me that everyone on my team feels I support them and their growth both personally and professionally.”

Each of these talented leaders believed strongly that their return on their investment had been significant and that regardless of their budget, or lack thereof, they had always been able to find creative ways to invest in human capital.

This article was written by and provided courtesy of Vaughan Scott, MBA, CPWA®, Managing Director – Investment Officer with Axiom Financial Strategies Group of Wells Fargo Advisors in New Albany, IN.  He can be reached via email at vaughan.scott@wfadvisors.com or phone at (812) 948-8475.  Visit our website www.AxiomFSG.com.
The opinions expressed in this article are not necessarily those of Wells Fargo Advisors or its affiliates. The companies referenced in this report do not constitute an endorsement, implied or otherwise.
Wells Fargo Advisors, Member SIPC, is a registered broker-dealer and a separate non-bank affiliate of Wells Fargo & Company.  CAR 0316-03069

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