Penn Cove Financial, LLC

09/13/2024

Really glad I decided to attend this conference with Altruist+SSG. Lots of good info on how the conversion will take place and some of the functionality that is coming down the road. Plus I got to meet some other advisors that are near(ish) me, in Bellingham.

09/11/2024

Heading to San Diego for some training on a custodial platform with Altruist +SSG.

03/26/2024

Received notification from West Texas A & M University that I passed all 5 of the exams in my Comprehensive. Matter of time before the paperwork is completed and I can say I have a Masters of Science in Finance and Economics. So relieved and grateful.

04/29/2020

The IRS website now allows people who owed money on their last tax return to enter their bank account information to receive the Economic Income Payment if they qualify.

03/26/2020

Have questions about personal finance and don't know where to go to get reliable information? Send a text to (360) 525-9216 to get the link for a Zoom conference at 8 PM PDT.

08/27/2015

I've learned from the Washington State Department of Financial Institutions that they consider a "Like" on pages to be a testimonial for an Investment Advisor, which is a prohibited advertisement. Therefore, this page is being "Unpublished" until I can find a way to disable the "Like" button, and if not the page will be deleted.

06/23/2015

The Department of Labor is trying to protect American worker's retirement plans, and now the House wants to fund the Department of Labor but only with the provision that they can't use the money to do their job properly? Where is the logic in that? It sounds to me like a lot of politicians are receiving pressure from full service brokerage firms who stand to lose a lot of commission money.

A House Appropriations subcommittee voted in favor of a measure prohibiting the Department of Labor from spending money to draft, implement or enforce a rule imposing a fiduciary standard on retirement advisers. The subcommittee passed the measure on a party-line vote.

04/11/2014

The Experiment

Search now for a CFP® professional , A FAKE FINANCIAL FIRM, A MAN WITH ZERO FINANCIAL EXPERIENCE AND SIX HIDDEN CAMERAS. The fact is anyone can claim to be a financial advisor. To underscore the inherent problem with this, we recently conducted an informal experiment. Would real people possibly mistake someone completely unqualified to handle their finances for a qualified financial advisor? To pull it off, we established a faux financial firm on the 48th floor of a prominent office building...
http://letsmakeaplan.org/if-theyre-not-a-cfp-pro-you-just-dont-know/the-experiment .mXM9o482

The fact is, anyone can claim to be a financial advisor. To underscore the inherent problem with this, we recently conducted an informal experiment. Would real people possibly mistake someone completely unqualified to handle their finances for a qualified financial advisor?

12/06/2013

http://www.investmentnews.com/article/20131205/FREE/131209947

Nobel Prize-winning economist Robert Shiller said a lack of good financial advice was one of the problems that led to the financial crisis.

08/08/2013

Thanks to Kim Tinuviel at Tinuviel Creative, I'm finally able to make blog posts on my web page with a minimum of technical effort on my part. The first post in a couple of years is now up at:
http://www.penncovefinancial.com/blog/

Student Loans and Home OwnershipRandy WallAugust 8, 2013A couple of seemingly unrelated articles have appeared in the news recently, but I think there is a connection that bodes well for the US economy in the future. The ramifications won’t be felt immediately, nor will they be of a huge magnitude.…

03/28/2013

This is a great idea, even if a little overdue.

Sen. Dick Durbin, D-Ill., wants to create a bipartisan panel, similar to the Simpson-Bowles deficit-reduction commission, that would seek ways to keep Social Security on solid financial footing for the next 75 years. Durbin says he will introduce legislation to create such a panel and to allow six m...

02/17/2013

Saw an article from our local Chamber of Commerce touting one of the national brokerage firms, and how one of their brand new salespeople is part of a network of 12,000 serving 7 million clients. That's great for them, but I wonder how much personal attention one gets when the salesperson in charge of your account has an average of 583 people to whom they are trying to sell products. So glad to have a practice where the emphasis isn't on selling anything, but rather on helping people be confident in the financial decisions they face.