In The News

 

 

Our articles and perspectives relating to wealth and risk management, financial literacy, and market structure have been featured in a variety of respected publications, including: The Wall Street Journal, CNN Money, Investor IQ - Financial Times, Dow Jones MarketWatch, Reuters, Financial Planning, On Wall Street, Forbes and Barron’s Magazine. The Sedoric Group is also a regular contributor to The New Hampshire Business Review and a proud supporter of New Hampshire Public Radio and numerous charitable organizations.


 

Forbes Best In State Next-Gen Wealth Advisors - Forbes, September 2019
Casey Snyder, CFP®, is a Senior Vice President and Wealth Manager at Steward Partners in Portsmouth, NH with over 17 years of experience as an advisor. Prior to joining Steward Partners in 2018, he previously worked as a vice president at Wells Fargo. Since entering the industry, he's created several popular initiatives to help clients better understand their financial plans, including a client recognition program to help support and acknowledge prudent financial habits. He also sits on the technology advisory council at Raymond James, where he and 21 other members influence how and where to invest in technology that impacts nearly 8,000 advisors at Raymond James and Steward Partners.
 

The 401(k) Boondoggle - New Hampshire Business Review, September 2019
By any sane measure, the 401(k) boondoggle has enriched insurance companies and investment firms while making actual saving harder, and by making our citizens poorer and less prepared.


Breakfast of Champions: A Call to Men - New Hampshire Women's Foundation, September 2019
Ted Bunch is an educator, activist, and lecturer working to end all forms of violence and discrimination against women and girls. As the chief development officer for A CALL TO MEN, Ted is internationally recognized for his efforts to prevent violence against women while promoting a healthy, respectful manhood. 
 

The Next Recession? Hold That Thought - New Hampshire Business Review, July 2019
We believe the traditional question of when a recession might hit may be antiquated. Economic cycles are historically fickle. There are many fundamentals that go into an expansion: a growing gross domestic product, low interest rates, low unemployment and consumer spending. Shifts among those same fundamentals can send an economy into contraction.
 

Yet Another Scheme Cooked Up to Grow Our Nest Eggs - The Boston Globe, June 2019
Your recent op-ed by James T. Brett and Richard E. Neal was right to point out the inequities in retirement planning for much of our society. Financial literacy has been in decline for four decades, and I strongly doubt another incentivized savings plan out of Congress will do much to improve the current debacle. How have past incentives worked out so far?


When the Unexpected is 'Normal' - New Hampshire Business Review, May 2019
An ever-critical part of our mission is to understand the combined behavioral aspects of investing and human emotions and use our critical-thinking skills to steadily guide our clients through choppy waters. It is newsworthy that December 2018 was a brutal month for stocks (the worst month since 1931). And 2018 was, in total, the worst year in more than a decade. Yet, we are not in a Great Depression (1931) nor in a virtual collapse of the financial markets (2008). Bear markets happen, and so do bull markets.
 

Great Bay Community College 2019 Commencement Video - GBCC, May 2019
Video of the 2019 Great Bay Community College Commencement Ceremony.
 

'Yes, You Can': Great Bay Honors 2019 Graduates - SeacoastOnline, May 2019
Casey Snyder gave the commencement address. Snyder, of the Sedoric Group of Steward Partners Global Advisory in Portsmouth, told his audience how he overcame rejections and failures...before reaching success. “The transition from surviving to flourishing did not happen overnight,” he said.
 

Great Bay Community College Graduates 252 Students - Union Leader, May 2019
“When someone decides to invest in you, work like hell to accommodate their decision,” Casey Snyder said. “After a series of setbacks, I knew I would make it. I no longer feared failure, but more importantly I did not want to disappoint those who believed in me when others did not.” Snyder is a partner, senior vice president and wealth manager at The Sedoric Group of Steward Partners in Portsmouth. Snyder also advised the graduates to find meaning and purpose in their failures as they navigate through life. “Failure is how resolve is forged,” Snyder said.
 

State and Seacoast Mourn Mark Connolly - SeacoastOnline, April 2019
“He surrounded himself with a kitchen cabinet of securities experts to help prevent the next Tyco, FRM or Enron,” said Sedoric. “Sarbanes Oxley, a federal piece of legislation on corporate transparency, is largely in place due to Mark’s deeds for the people of N.H. He was the public’s advocate. He never sought public office to further his career or enrich his balance sheet. Mark genuinely wished to serve the people and not aspire to a higher office. That is his legacy and be assured in today’s environment it is refreshing. It is a legacy like Mark’s we must foster in future generations.”
 

What Wells Fargo's Advisors Need Now - Barron's, April 2019
What Wells advisors need above all else is reestablished trust in the brand, Tom Sedoric, a Wells Fargo and A.G. Edwards veteran who went independent last May, tells Barron’s Advisor. “You don’t rebuild trust in a matter of weeks or days by naming a new CEO,” he says. “You rebuild trust by putting your money where your mouth is, and this may be an opportunity to do that.”
 

How to Keep Your Wits When Volatility Occurs - NHBR, March 2019
After nine years of an historical bull market, when there’s a headline-driving market drop like we’ve enjoyed last fall, it’s important to have a battalion of sober minds to counter the anxiety that the next Black Monday is just around the corner. A couple of tweets from October come to mind. Ben Carlson at Ritholtz Wealth Management offered this fundamental perspective on markets: “Why do stocks fall by a lot sometimes? Because sometimes they rose too much. Why do stocks rise a lot sometimes? Because sometimes they fell too much. Repeat as necessary.”
 

Is Investment Industry Transparency Just a Buzzword? - NHBR, January 2019
While there has been some transparent reporting in various trade publications in 2018, after the firms Morgan Stanley and UBS announced they were abandoning the protocol, the public is largely unaware and uneducated of the implications of that decision. Both firms, in their polite way, have actually locked their advisors and their clients in place. 
 

Do Investors Actually Know What the Protocol Means? - Financial Times, November 2018
While we live in most uncertain times, one would like to be assured that “financial advisors” would act as fiduciaries for their clients – placing client needs before their own as well as their firm’s needs. Sadly, for too many investors that has been -- and is now -- a costly assumption to make.
 

Why Saudi Scandal Hasn't Yet Transformed Investor Preferences - Financial Times, October 2018
Tom Sedoric, of The Sedoric Group of Steward Partners in Portsmouth, N.H., which has $10 billion in assets under management and who previously worked at Wells Fargo and A.G. Edwards, does not view those outflows as any sign of noteworthy investor flight.
 

WNHN Financial Literacy Radio Interview with Tom Sedoric and Casey Snyder - The Attitude with Arnie Arnesen, September 2018
NH financial advisors Tom Sedoric and Casey Snyder from the Sedoric Group, join us to talk about how planning for the future has changed since your dad did his planning, what the future looks like now, and the need to change our thinking. (The segment with Tom and Casey begins at 28:00.)
 

Merrill Lynch's Commission Ban Reversal: Here's How Advisors See it Playing Out - Financial Times, September 2018
Starting Oct. 1, Merrill Lynch will again let advisors charge commissions on trades made in client retirement accounts. The wirehouse is ditching its former ban, instituted two years ago in the wake of the Department of Labor's proposed fiduciary rule for advisors on tax-deferred retirement accounts. Since the rule was vacated earlier this year, Merrill Lynch re-evaluated its commissions policy.


Steward Partners Joins the Prestigious Inc. 5000 for the First Time - MarketWatch, September 2018
Steward Partners Global Advisory, LLC, an employee-owned, full-service independent partnership associated with Raymond James Financial Services, Inc. (member FINRA/SIPC), today announced that it has joined the Inc. 5000, ranking 544th in Inc. Magazine's prestigious list of the nation's fastest-growing private companies. The list represents a unique look at independent businesses in a variety of industries and is often considered the most dynamic segment of the American economy. 
 

Financial Advice's Shifting Landscape - New Hampshire Business Review, August 2018
Sedoric acknowledged “it has become increasingly difficult to act as a fiduciary in a large bank.” He said that the business of banks is to “extract rather than create value” and, with margins squeezed by low interest rates, banks have sought to increase returns by entering unfamiliar lines of business. At the same time, he said, the largest banks, which own the major wirehouses, “are too big to manage and too big to regulate. Bigger is definitely not better.” 
 

When Asked For Free Advice, Smart Planners Opt To Build Rapport - Investor's Business Daily, August 2018
"In times of market volatility, we can be the center of attention at a party," said Tom Sedoric, an advisor in Portsmouth, N.H. "I may mention a few themes like tax efficiency and living in a global economy. But because we're planners first and investments complement the planning process, we can't extract as much from them in a social setting."
 

Paying Back in Ways Beyond Imagination: Tom and Barb Sedoric - CASA NH, July 2018
Tom and Barb Sedoric have been dear friends to CASA for decades. Their commitment to sharing CASA’s mission with others while providing thoughtful and generous financial support to CASA is truly a gift. Often referring to CASA volunteer advocates as “angels on earth,” Tom and Barb fully understand the importance of CASA’s impact on those children who are the innocent victims of substance abuse, poverty, homelessness and mental illness.
 

The Price of Financial Illiteracy - New Hampshire Business Review, May 2018
A significant 2016 study by the Economic Policy Institute revealed that nearly half of American families had no retirement savings whatsoever. The numbers are sobering no matter the sources. Furthermore, “that makes median (50th percentile) values low for all age groups, ranging from $480 for families in their mid-30s to $17,000 for families approaching retirement in 2016. For most age groups, median account balances in 2013 were less than half their pre-recession peak and lower than at the start of the new millennium.”
 

It's Time to Break Up the Big Banks - New Hampshire Business Review, April 2018
In recent days we have learned that the three biggest banks now control more capital than before the financial crisis over a decade ago. We’ve also learned that Congress is actively working to repeal some of the protections put in place by Dodd-Frank after the financial disaster of 2007-09.


Tom Sedoric with The Sedoric Group is Recognized by Forbes Magazine as Best in State Wealth Advisor - February 2018
Forbes Magazine and Shook Research recently named Tom Sedoric with The Sedoric Group as “Best in State Wealth Advisor”. Forbes is known for its independent financial journalism and through their partnership with Shook Research created the list of “Best in State Wealth Advisors”. R. J. Shook is a frequent contributor to Forbes on matters relating to financial advice and philanthropy.
 

Clients and the Protocol - New Hampshire Business Review, March 2018
The protocol sets standards as to how much client information an advisor can take with them when they transition, with the idea that it paves the way for less litigation between firms. The protocol was meant to balance the interests of firms, advisors and, in our view most important of all, the investors who have entrusted their hard-earned money to their advisors and the firms they represent.
 

Just What is the Protocol Now? - Financial Times, January 2018
We intend for this primer to help explain some of the changes happening in our profession and how they may impact clients of financial services firms. To use the sports analogy again, this could appear to be “inside baseball,” but it’s important to share our view of the situation at hand.
 

Interview with Barbara Bates Sedoric - Creative Mornings PKX, November 2017
Our interview with November DEATH speaker, Barbara Bates Sedoric - Founder of LastingMatters.


For Some, 4-Year College a Bad Investment - The Portsmouth Herald, October 2017
Since meeting the educational needs of the baby boom generation in 1960s, the overwhelming institutional and cultural bias has been that everyone should get a college education. We may long ago have passed the point of false worship. If a college education is supposed to be a launching pad for acquiring competitive skills in the global marketplace, why do we rarely evaluate education for its actual value, especially when that cost can be financially corrosive to many students and their families?
 

Will the Can Kick Back? - New Hampshire Business Review, September 2017
We all know the saying, “kicking the can down the road,” about delaying vital personal or political decisions set aside for another day or, perhaps, even another decade or century. We could list hundreds of deferred decisions that impact individuals personally, economically and socially: low retirement savings; misdirected spending; a lack of political discipline regarding infrastructure and the inflated cost of education; or real pension and entitlement reform.
 

How to Plan for a Future That's Decades Away - Barron's Next, July 2017
The challenge is that we can do a lot of little things right, but one big purchase can offset all that good work,” says Casey Snyder, a Wells Fargo financial advisor with the Sedoric Group. 
 

The Value of Critical Thinking - New Hampshire Business Review, June 2017
As planners, we are not in the business of prognostication. We don’t pretend to know where the markets are headed, nor how the political landscape will shape new regulations. What we do recognize, however, is that there has never been a more vital time to think critically to better serve the growing list of families we represent.
 

Inspiring Financial Prudence - New Hampshire Business Review, May 2017
People deserve recognition for the execution of their plan: for doing the trivial things they have control over that have a profound impact on the bigger picture; perhaps for delaying gratification; for living within their means; for executing their estate plan; for being patient during times of distress; even for checking their credit. If only effort and hard work were glorified via social media or in social settings rather than imprudence.


Is Your House an Asset or Not? - New Hampshire Business Review, March 2017
Just as we have questioned the true value and cost of higher education in an era of increasing student loan debt (and stagnating wages), how we handle the questions of where to live and how much to spend on housing should also come under scrutiny. 
 

Civics 101: A Podcast - New Hampshire Public Radio, January-April 2017
Ever wonder what a White House Chief of Staff actually does? How about a Press Secretary? And is gerrymandering still a thing in this country? The first 100 days of the Trump administration is the perfect time to bone up on civics you should have learned in school…but probably didn’t. Civics 101 is your podcast guide to what you need to know, when it matters most.
 

Solving the Education Dilemma - New Hampshire Business Review, December 2016
Never has the need for education been so great, yet never have the majority of options consumed such a high percentage of gross income, nor left students with such burdening sums of student loan debt.No state represents this conundrum better than New Hampshire, which was recently ranked first for the highest average debt per student ($36,101) upon graduation. 
 

Investors: Don't Panic - Barron's Next, November 2016
The future may look uncertain after Donald Trump’s unexpected win of the U.S. presidential election, but the future of your investments? That’s an entirely different matter. Today, make it your mantra to stick with a long-term plan and not let your emotions take charge. 
 

How Clients Communicate - Financial Times, November 2016; and the New Hampshire Business Review, January 2017
Today, everyone has their own unique style of communication, and these various modes can be both a blessing and a curse for the engaged relationship. However, it is a real dilemma when a client chooses to sporadically siphon information using various media and neglects to openly and consistently communicate with those they’ve installed as partners in their financial security.
 

Where to Start when Coaching Millennials - Financial Times, September 2016
As we age, it is not uncommon to reflect on our successes and failures throughout our life – those involving our family, our careers, and even our financial decisions. Have we met our goals, or fallen short? Of course, nobody wakes up in the morning and declares ‘Today is the day I’m going to ruin my retirement,’ yet we see it more often than we should. Why does this happen? As many find out too late, the decisions that we make while we’re young have lasting implications and often mean the difference between financial distress and financial well-being in our later years.
 

Sequencing Matters More than you Realize - Financial Times, July 2016
Of all the tools at the disposal of investors, few people recognize the financial significance of sequencing. Sequencing has the potential to add great value but when ignored can be a devastating mistake for those seeking financial security and independence.
 

Financial Advisers urge Patience as Brexit Roils Market - Union Leader, June 2016
Financial advisers are telling Granite Staters not to panic in the wake of Friday’s global stock market plunges, triggered by the shocking British vote to pull out of the European Union. The key to understanding the financial volatility, several experts said Friday, is not the vote itself — it’s the shock of it.
 

Are you Ready for Higher Taxes? - Financial Times, May 2016; and the New Hampshire Business Review, June 2016
With another tax season in the rear-view mirror, the last thing most people want to think about is tax planning. But here’s the honest truth: wise tax planning is a lifelong activity and pays untold and tangible benefits when properly attended to.
 

Providing Equal Justice for All - The Portsmouth Herald, April 2016
At the 75th anniversary of the New York legal Aid Society in 1951, the legendary Federal Judge Billings Learned Hand spoke about the importance of legal representation for all. “It is the daily; it is the small; it is the cumulative injuries of little people that we are here to protect,” said Hand, a Harvard graduate and one of the most quoted and cited judges in American history. “If we are able to keep our democracy, there must be one commandment: Thou shalt not ration justice.”
 

My Lunch with Paul Volcker - New Hampshire Business Review, March 2016
Recently, I had the pleasure of an extended lunch with one of my all-time heroes, Paul Volcker, former Fed chairman (1979-1987) and the first chair of the Economic Recovery Advisory Board (2009-2011). I was curious to learn and discuss his opinion on many economic and political topics, but in particular how the Volcker Rule has played out as part of the larger Dodd-Frank financial reform legislation.
 

Another Big Drop on Wall Street - Union Leader, January 2016
Thomas J. Sedoric, managing director of investments with the Sedoric Group in Portsmouth, cited a recent Wells Fargo market update that made a similar observation: “With prevailing negative sentiment, good news can be ignored while even marginally negative news fuels further selling.” 
 

NH Investors Ride out Plummeting Market - Union Leader, August 2015
Tom Sedoric, was at his desk on Saturday, putting in some weekend time to ease concerns of clients about the plummeting stock market.
 

End the Scourge of Financial Jargon - Financial Times, April 2015
In an ideal universe, communication trends would reflect progress toward greater clarity. Alas, we reside in a messier realm, where more specialization has led to more complexity — and more confusion for those out of the jargon loop.


Don't be Seduced by Advisor Rankings - Financial Times, September 2014
We live in the age of rankings. Anything that can be compared with something else in the same category is certain to wind up on a list, arranged according to someone’s idea of merit or interest. From talk-show host David Letterman’s Top Ten list to the exotic WAR (wins above replacement) metric in Major League Baseball, our quest to measure and evaluate work and play has
never been so prevalent.
 

Barron's The Best Advice Column -  Barron's, August 2014
Tom Sedoric is something of an outlier in the upper reaches of the financial advisor industry: While his peers compete for the richest possible clients, he typically focuses on those with around $1.5 million to invest.
 

When do we Make Our Best Financial Decisions? - MarketWatch, March 2014
So says Lewis Mandell, professor emeritus of finance and managerial economics at the University at Buffalo School of Management and the author of the book, “What to Do When I Get Stupid: A Radically Safe Approach to a Difficult Financial Era,” which critics and consumer advocates have called a warning to the baby boom generation.




The views presented are the opinion of the author and may not represent the views of Steward Partners or Raymond James Financial Services. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Raymond James is not affiliated with and does not endorse the services or opinions of NHBR.com or financialadvisoriq.com. The material in the section listed includes articles and links to The Sedoric Group prior to joining Raymond James and Steward Partners. As of April 26, 2018, The Sedoric Group became affiliated with Raymond James and a partner with Steward Partners. The Forbes ranking of Best-In-State Wealth Advisors and Next-Gen Best-In-State are developed by SHOOK Research and are based on an algorithm of qualitative criteria and quantitative data. * For the Best-In-State Wealth Advisors, advisors that are considered have a minimum of 7 years of experience, and the algorithm weighs factors like revenue trends, AUM, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. Out of 21,138 advisors nominated by their firms, 2,213 received the award. ** For the Next Gen Best-In-State Wealth Advisors, SHOOK Research considered advisors born in 1980 or later with a minimum 4 years relevant experience. Eligible advisors have built their own practices and lead their teams; joined teams and are viewed as future leadership; or a combination of both. Factors taken into consideration include, service models, investing process, client retention, industry experience, review of compliance records, firm nominations, etc.; and quantitative criteria, such as assets under management and revenue generated for their firms. Out of 6,389 advisors considered, 1,489 made the final list in 2019. Portfolio performance is not a criteria due to varying client objectives and lack of audited data. These rankings are not indicative of advisor's future performance, are not an endorsement, and may not be representative of individual clients' experience. Neither Raymond James nor any of its Financial Advisors or RIA firms pay a fee in exchange for this award/rating. Raymond James is not affiliated with Forbes or Shook Research, LLC.  The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Past performance does not guarantee future results.