Corcoran MN Press
This Simplified 401(k) Robo-Advisor Hopes to Flower on Wall Street
Nov 16, 2018Betterment for Business has signed up.
Automated investment advice generated by an algorithm has its place, according to Phil Corcoran, a financial planner with Savant Capital Wealth Management in McLean, Virginia. However, he noted that advising a 401(k) is only part of an individual’s financial needs. “We’re going to be looking at the larger picture than whether you are saving enough for retirement,” Corcoran said.
Robo-advisors have a place with smaller accounts and with people who prefer to deal with online systems, Corcoran said. But he added that larger portfolios of $500,000 and up benefit from advice from a human planner. Savant has approximately $4.3 billion in assets under management, according to the company.
“If we can encourage more savings and getting jobs done on the financial front, I’m all for it,” Corcoran said. “But the client’s going to reach a certain point where I think they’re going to get a better outcome with a seasoned professional.”
Smith said Blooom’s stripped-down fee structure and wilting-or-thriving metric is just the sort of simplified scheme that huge numbers of retirement savers need from the financial industry. “If we can gain clients early we believe we can help millions of people in retirement,” he said.
—Written by Mark Henricks for MainStreet
...
Jeffrey E. Cunha
Jan 8, 2018Hanford High School. After graduating he continued his education at the College of the Sequoias.
Jeff married the love of his life Kathy McConnell of Corcoran on February 13, 1971. They made their home raising their two children Steve and Stacie in Hanford. After many years of co-owning Pat’s Automotive Supply, Inc. Jeff and Kathy decided to pursue a new adventure and opened Jeff’s Automotive Supply, Inc., in 1998. He truly enjoyed the challenge of the job, but most of all cherished the relationships he built with his customers.
Jeff’s world was his family and the family owned M.A. Dias Ranch. His greatest treasure was being called Papa Jeff and being an active part of his grandchildren’s lives. Jeff passed down his experiences to his grandchildren…memories that will never be forgotten. He often shared that watching them enjoy the ranch his mind and was tickled to know that the memories they were making would last a lifetime. Some of his other passions included working on his 1948 Willy’s Jeep along with an exact duplicate that he had the pleasure of having on display at Hanford Chrysler.
He served in the National Guard, was a member of the Knights of Columbus along with the National Rifle Association.
He is survived by his loving wife of nearly 45 years, Kathy, his son Steve Cunha, wife J.J. their children Darian (11) and Bryson (8), an... http://hanfordsentinel.com/obituaries/jeffrey-e-cunha/article_cecd993d-1802-5fa6-bcac-6d2fc7ce7140.html