Salutations! While I have learned over the years that we never want to wish our lives away, I cannot help but share how thankful I am that 2016 is behind us. Coming from someone who dealt with some significant health issues in 2016, it is without question our health is our most valuable asset. Pair my health issues in 2016 with the unexpected broker-dealer change from VSR to Calton, and you have a stressful recipe for our clients and my staff. Thankfully, I am feeling much better and I am looking forward to completing the upcoming Honduran Street Party 5k Run at the Streets of St. Charles to benefit our special children in Honduras.
I am pleased to report that the transition of assets is largely complete, but we continue to focus our efforts on improving our technology and reporting capabilities for our clients. We realize that our clients have received an incredible amount of paperwork throughout the transition. A significant amount of the paperwork is driven by regulation coming from regulatory agencies within both the state and federal governments.
While the regulatory bodies believe that the additional paperwork provides investors with more transparency and clarity, this process has proven that the additional paperwork serves primarily to confuse, irritate, and in some cases, obfuscate what is actually occurring at the client level when assets are transferring from one custodian to another. Consequently, we continue to have clients asking questions about the transfer of their assets as we head into tax season.
We are doing our very best to stay on top of everything, while providing clarity for our clients who are still going through the transfer process. If you have questions or concerns, please contact my staff and I and we will do everything we can to answer your questions. We realize the trust you place in us, and we want to continue to honor that trust with straight-forward answers. While the transition continues to slow us down, the U.S. stock market has extended gains into 2017.
Past results are not indicative of future performance. Data based on prices through the close of business on 01/31/2017.
While we always enjoy rising financial markets, we continue to utilize non-correlated assets, diversification strategies, and a variety of investment products which in their totality are designed to produce non-correlated investment returns over the long-term for our clients. With the various changes and uncertainty facing financial markets with the election of a new President and an about-face with regards to policy, it is without question that new investment opportunities await us in 2017.
As mentioned above, I will be wearing a special outfit for the Honduran Street Party run and there are plenty of available sponsorships to put your name on my outfit. For more information, please check out www.streetpartyrun.com or contact Katie at (636) 573-1233 for more details. In the meantime, please remember to stay healthy, wealthy, and wise, and certainly . . . stay tuned.