News WEEKLY MARKET AND ECONOMIC COMMENTARY FROM LPL RESEARCH ANALYSTS CAN BE FOUND ON THIS WEBSITE UNDER THE LPL TAB. WE WILL ALSO SHARE LETTERS FROM LPL EXECUTIVES ABOUT KEY MARKET EVENTS UNDER ABOUT US, BLOG. YOU MAY SUBSCRIBE TO DAILY MARKET COMMENTARY AT LPLRESEARCH.COM. PHONE MEETINGS CAN BE SCHEDULED WITH YOUR FINANCIAL ADVISOR TO HELP KEEP EVERYONE HEALTHY. IN PERSON APPOINTMENTS TO 6 TOWER PLACE ALBANY, NY OFFICE REQUIRE A MASK/CLOTH FACE COVERING AND COMPLETION OF A HEALTH QUESTIONNAIRE IN ACCORDANCE WITH NEW YORK STATE COVID-19 HEALTH PROTOCOLS. HAND HYGIENE STATIONS ARE AVAILABLE AND SOCIAL DISTANCING IS IN PLACE. THANK YOU FOR YOUR UNDERSTANDING.On June 17, Todd Slingerland, President and CEO of Capital Financial Planning (L) presented the team members of NLG Wealth Management Adam Neary, CMFC, Shelby Martin, Brittany Hedderman, MBA, and Daniel O’Keefe, CFA, CFP® with the LPL Financial 2020 Chairman’s Award. This award, presented annually by Dan Arnold, President and CEO of broker/dealer, LPL Financial, recognizes outstanding accomplishment and commitment to providing personal, objective financial guidance and helping clients turn their life’s aspirations into financial realities. This is the 3rd time that NLG Wealth Management has been recognized with the Chairman’s Award. Award is based on annual production.IMPORTANT NOTICE TO NEW YORK POLICYHOLDERS OF LIFE INSURANCE AND ANNUITIES:Dear Policyholder,A recent Executive Order issued by Governor Cuomo, together with recent amendments to the insurance and banking regulations (the “regulations”) issued by the New York State Department of Financial Services (“Department”), extend grace periods and give you other rights under your life insurance policy or annuity contract if you can demonstrate financial hardship as a result of the novel coronavirus (“COVID‑19”) pandemic. These grace periods and rights are currently in effect but are temporary, though they may be extended further. Please check the Department’s website at https://www.dfs.ny.gov/consumers/coronavirus for updates.A copy of the Executive Order and regulations can be found at https://www.governor.ny.gov/news/no-20213-continuing-temporary-suspension-and-modification-laws-relating-disaster-emergency and https://www.dfs.ny.gov/system/files/documents/2020/03/re_consolidated_amend_pt_405_27a_27c_new_216_text.pdf, respectively. Insurance Payments - Grace PeriodIf you can demonstrate financial hardship as a result of the COVID-19 pandemic, your insurer must extend to 90 days the applicable grace period for the payment of premiums and fees under your life insurance policy or annuity contract. If you do not make a timely premium payment and can demonstrate financial hardship as a result of the COVID-19 pandemic, your insurer may not impose any late fees relating to the premium payment or report you to a credit reporting agency or a debt collection agency regarding such premium payment. Catching up on Overdue Insurance PaymentsThe regulations also require your insurer to permit you to pay the overdue premium over a 12-month period if you did not make a timely premium payment due to financial hardship as a result of the COVID-19 pandemic and can still demonstrate financial hardship as a result of the COVID-19 pandemic. This also applies if the insurer sent you a nonpayment cancellation notice prior to March 29, 2020. Policies Financed by Premium Finance Agencies – Grace PeriodIf your life insurance policy or annuity contract has been financed through a premium finance agency, and you do not make an installment payment, the premium finance agency may not cancel your life insurance policy or annuity contract for a period of at least 90 days, including any contractual grace period, if you can demonstrate financial hardship as a result of the COVID-19 pandemic, and subject to the safety and soundness of the premium finance agency. In addition, if you do not make a timely installment payment to the premium finance agency and can demonstrate financial hardship as a result of the COVID-19 pandemic, the premium finance agency must extend the due date for the installment payment by at least 90 days, may not impose any late fees relating to that installment payment, and may not report you to a credit reporting agency or a debt collection agency regarding that installment payment. Catching up on Overdue Payments to Premium Finance AgenciesIf you do not make a timely installment payment to the premium finance agency due to financial hardship as a result of the COVID-19 pandemic, the premium finance agency must permit you to pay the installment payment over a 12-month period if you can still demonstrate financial hardship as a result of the COVID-19 pandemic, subject to the safety and soundness of the premium finance agency. This also applies if the premium finance agency issued a non-payment cancellation notice prior to March 29, 2020. How to Demonstrate Financial HardshipIf you are unable to make a timely premium payment due to financial hardship as a result of the COVID-19 pandemic, you may submit to your insurer or premium finance agency, as applicable, a statement that you swear or affirm in writing under penalty of perjury that you are experiencing financial hardship as a result of the COVID-19 pandemic, which the insurer or premium finance agency, as applicable, shall accept as satisfactory proof. Such statement is not required to be notarized. QuestionsIf you have any questions regarding your rights under the Executive Order or regulations, please contact your insurer, broker, or premium finance agency.We salute those in our organization who volunteer in the community on a regular basis. This month we shine a spotlight on a few: Congratulations to John Buff who coaches youth basketball, Clare Mertz who is an avid 4-H youth volunteer, and Adam Knaust who serves on the board of Community Caregiver an organization which helps senior citizens remain in their homes through non-medical support services.Todd Slingerland and Adam Neary were invited to attend LPL Financial's Master's Conference in March. This conference is an invitation-only conference for senior level producers and an agenda will include important information concerning product, process, service, technology, compliance and other updates. Dan O'Keefe will be attending in Adam Neary's place.NLG Wealth Management recently participated in a 2 day retreat to work "on" their business instead of "in" it to plan for the New Year and to continue to strive to improve operating efficiencies to help to serve clients. Congratulations to Adam Neary, Dan O'Keefe, Shelby Martin, and Brittany Hedderman-Giordano.With many global events happening, we may see some volatility in the financial markets. You are encouraged to speak with your financial advisor should you have any concerns or questions. Please note that our website features weekly market and economic updates from the Research Department at LPL Financial under the LPL tab for your convenience.We are pleased to once again sponsor A Harvest Evening Celebration in support of Food Pantries for the Capital District, a network of 60 food pantries providing over 3 million meals annually. The event will take place in October. Hunger is a challenge in most every community and is one we strive toward helping to mitigate. Todd Slingerland was asked to help chair the event.We have scheduled our 2020 quarterly cooking nights at Ronald McDonald House to help provide a hot and comforting meal to help families going through crisis with a child receiving critical treatment at Albany Medical Center. We enjoy this activity and helping to take one less concern away from families, so that they don't have to worry about shopping for and cooking dinner. This is a popular activity with our financial advisors and associates.The December 18 Smile Bus trip was a big success with our 550th participant enjoying the Radio City Christmas Spectacular show, songs, games, food, and fun. We look forward to this event as our favorite day of the year and giving back to our community by bringing smiles to people going through challenging times. We are grateful to Clare Mertz, Executive Vice President for organizing the trip and leading the songs and games on board and to Adam Knaust for being our wonderful Santa to send off the trip in great spirit.?This year’s Smile Bus trip is December 18. Presently we are on a waiting list basis as this popular event receives many nominations. Should there be cancellations, we seek to fill the seats from the waiting list. If you would like to nominate someone for the waiting list (no seats can be guaranteed if on the waiting list), please email nominations to firstname.lastname@example.org. Thank you.November is Military Family Month. We cannot even begin to pay our respects and gratitude for the many sacrifices of our veterans, active duty, reserve, and National Guard members and their families. We salute Specialist Justin Lee, son of Clare Mertz, who is currently an infantry mortarman in the NY National Guard and the sacrifices their family makes. We are also pleased to be adopting a soldier for the holidays and sending a care package to them containing some holiday joy while they serve in the Middle East.It’s been busy this fall and so we took a lunchtime break for a little fun and to share some time together. On October 30, we held a “Chili Chowdown” competition with our financial advisors and associates as well as other professionals from our building. It was great fun with some really delicious culinary masterpieces coming out of the crock pots! The winners were: 1st Place: Jay Vandervort of Order Up Analytics, 2nd Place: Emma Neary, age 4 (daughter of Adam Neary), and 3rd Place: John Buff. Special thanks to Clare Mertz, Executive VP, for putting this fun event together!On October 1, our dear friend and colleague, Peter Luczak of NLG Wealth Management, retired. On November 1, Peter was saluted at a retirement party featuring his beloved clients, family, and friends. We are deeply appreciative of Peter’s mentorship and his many years in the business. He will be dearly missed. Adam Neary has taken over Peter’s practice and can be reached at email@example.com. With increased volatility in the financial markets, how are you feeling about your risk tolerance? If you have concerns, you might wish to schedule a review appointment with your financial advisor. Please dial 518-867-4000 for assistance.LPL Research released its Mid-Year Outlook Report on June 24, 2019. Please refer to the LPL tab of this website to view the document and for economic and market commentary from the LPL Research Department. New content is added weekly. If you have any questions, please do not hesitate to contact your financial advisor.We are making plans once again for this December’s 11th annual Smile Bus trip to Radio City Music Hall. Each year, Todd Slingerland, CEO hosts a trip for people in the community who have had a difficult year due to illness, bereavement, economic hardship, trauma, or other issues. We will begin taking nominations in September 2019. Date of trip to NYC to see the Christmas Spectacular Show to be determined. More information will be posted in September.Congratulations to Dan O’Keefe on his marriage to Alexandra Pomato on May 11, 2019. We wish the happy couple a lifetime of love. They enjoyed a sunny honeymoon in Grenada.We continue to cook at Ronald McDonald House for families of critically ill children while they are receiving treatment at Albany Medical Center. A favorite service activity of our advisors and associates, we have enjoyed preparing home-style meals as a measure of comfort during a difficult time. We will be there each quarter in 2019. Todd Slingerland was honored with the Joseph A. Bosco award for community service on Saturday, November 17 at the 24th Annual Community Caregivers Gala at Albany Country Club. The award, presented by Mrs. Bosco in honor of her late husband, is presented to a person who is actively engaged in community service and stewardship. Todd was selected for his work with the Capital Financial Planning Charitable Foundation, the firm's annual Smile Bus, and his many other service and volunteer activities to help make the Capital Region a better place. Congratulations, Todd! Dan O'Keefe, NLG Wealth Management, has earned the Chartered Financial Analyst (CFA) designation. Congratulations, Dan!*Todd Slingerland has been selected as a “50 over 50” by News10 ABC and Fox 23 News in Albany, NY for being an influential person over the age of 50 in the Capital Region community. Todd was nominated not only as a business professional, but for his support of the community through the Smile Bus (10th annual with the 500th rider will be hosted in December 2018 where people who have had a difficult year due to bereavement, illness, economic struggle, trauma, or family dynamics are treated to a day of joy including the Radio City Christmas Spectacular show) and the positive impact of the Capital Financial Planning Charitable Foundation. Todd will film a segment at the tv studio this month to be aired sometime this year as part of a weekly feature on the news program. Congratulations, Todd!Todd Slingerland recently presented Community Caregivers with a $20,000 donation from the Capital Financial Planning Charitable Foundation. Based in Guilderland, NY, Community Caregivers is a not for profit organization which helps people remain in their homes by providing non-medical support services such as transportation, meal preparation, shopping assistance, light chores, paperwork assistance, and cheer visits. The funds were raised through an annual charitable golf tournament, which was held on May 21 at Albany Country Club. *Neary/Luczak Group has changed its name to NLG Wealth Management to better reflect its business focus. *We are pleased to welcome summer interns, Mitchel Calabrese, Sara Kogelmann, and Alyssa Kogelmann. These college students will be working in the Albany office this summer to enhance their knowledge of the investment and financial services industry. Great to have you with us! *On May 5, 2018, our firm celebrated our 15 year anniversary. Advisors and associates gathered for a luncheon and reminisced about many wonderful times we have shared together. We look forward to continuing to serve our clients with personalized investment, wealth management, and financial planning services for many more years. We are so pleased to announce that Grace Claxton, administrative assistant to Bruce Gaynor in our Albany, NY office, will be competing in the IAAF World Indoor Championships in Birmingham, England March 2-4, 2018. This prestigious indoor track and field competition is held every two years. This will be Grace's second time competing. Grace will be representing Puerto Rico and competing in the 400 meter dash. Please join us in congratulating Grace and wishing her well as she competes against world class athletes from around the world. Grace will be accompanied by her coach, Mr. Roberto Vives, from the University of Albany. As the Olympics are showing athletic excellence on the world stage right now, it is so exciting for us to have such talent in our midst! We are rooting for you, Grace!During 2018, Capital Financial Planning advisors and administrative associates will be volunteering to prepare meals at Ronald McDonald House in Albany, NY for guests staying at the house while their critically ill children are receiving care at Albany Medical Center.On Saturday January 20, our advisors and administrative associates gathered at Salt and Char restaurant in Saratoga Springs, NY for our annual banquet celebrating our work in 2017. At the banquet, Todd Slingerland recognized Peter Luczak, CFP® and Adam Knaust with the Capital Financial Planning David J. Ross Sr. award for service above self for their work in assisting hurricane victims in Florida and Texas respectively during last year's severe weather crisis in the United States. Peter was a member of the Red Cross disaster relief team and Adam was an independent volunteer. Adam Neary CMFC, Dan O'Keefe CFP®, Shelby Martin, and Brittany Hedderman were recognized as the top production team for 2017. Bruce Gaynor also received recognition for his work during the last three months of the year.On behalf of all of us at Capital Financial Planning, we wish you a beautiful holiday season surrounded by the blessings of family, friends, and good health. May 2018 bring you much happiness and peace. We are grateful for the privilege of your business and thank you for the gifts of your loyalty, trust, and confidence.We are pleased to welcome Dustin French, administrative assistant, who will be working in Todd Slingerland's practice. Dustin previously interned for two summers with the firm and we are pleased to welcome him full time.Congratulations to Shelby Martin and Brittany Hedderman-Giordano on passing their licensing exams. Both are financial advisors with the Neary/Luczak Group. We wish them continued career success.Best wishes to Dan O'Keefe on his recent engagement to Alexandra Pomato. We are very excited for the happy couple and wish them a lifetime of love.We salute Adam Neary, Dan O'Keefe, Pete Luzak, Shelby Martin, and Brittany Hedderman-Giordano for hosting a gret client appreciation event at Albany Country Club. The "turkey raffle" was a lot of fun and enjoyed by all.The annual Capital Financial Planning Smile Bus will be headed to Radio City Music Hall on December 13 to see the Christmas Spectacular Show. The Smile Bus enables people who have had a difficult year due to bereavement, illness, economic strife, trauma, difficult family dynamcs, and other issues to park their troubles at the curb for a day of special memories. On board the bus, participants are treated to food, carols, games, and other surprises. To date, over 350 people have benefited from the program. We are presently taking nominations from the community - please provide last name, number of children and ages, number of adults, reason for nominating, your relationship to nominee, and contact email and phone to firstname.lastname@example.org. Our committee will review nominations and contact those who have been selected. Nominees must be able to meet bus at 6:30 am on Dec 13 at Stuyvesant Plaza executive park (6 Tower Place, adjacent to the tower). No phone calls, please. We will notify selected nominees. Please note that all children must be accompanied by an adult chaperone. As we have one bus/limited seating, we are unable to accommodate large groups/teams/scout troops/etc. We appreciate your help in filling the bus with amazing people again this year.Welcome Allison Davies, assistant to Michael McCamy, to the Albany, NY office. We are delighted you are on board and look forward to working with you!Thank you to all of our Ronald McDonald House meal preparers for 2017. This is a volunteer activity that a number of our financial advisors, associates, and family members take part in throughout the year and really enjoy. Providing a hot meal for dinner enables people, who are having a crisis situation with a critically ill child at Albany Medical Center Hospital and who are staying at the residence, to have a small measure of comfort. We have made a range of meals from ham to turkey to Italian hot subs (meatballs, sausage and peppers). Thank you to our shopper, Clare Mertz (and often her daughter, Rachel Lee) and to our chefs: John Buff, Michael McCamy, Melisa Boel, David Freed, Adam Knaust, Pete Luczak, Sara Symolon, Paul Stracke, Clare Mertz, Jan Slingerland, and Jim Zegers.Peter Luczak, of the Neary/Luczak Group, traveled to Florida with the Red Cross to volunteer to assist with Hurricane Irma evacuees. Peter spent 10 days living in a shelter and working with a wide range of people to provide food, shelter, bedding, and other services. He was commended for helping to assist a diabetic individual who had a medical emergency until first responders could arrive. Pete rode out the eye of the storm and the high winds with hundreds of others, and has many stories of community volunteerism and heroism at a truly harrowing time. We are proud to work with Pete and to recognize his service.We would like to recognize and thank Adam Knaust, Financial Advisor in our Albany, NY office, for his selfless service to the people of the Houston, TX area. As a private citizen (not affiliated with any organization), Adam drove to Houston with a rescue boat and assisted in the evacuation of Hurricane Harvey victims who were trapped in their residences due to flooding. Adam also assisted at a shelter in providing compassionate care to many displaced people. Congratulations, Adam, for setting such a positive example of humanitarianism.We are grateful to our summer interns, Dustin French, Michael Lia, and Robert Wildermuth, and wish them the very best as they return to campus and other endeavors. Thank you all for your many contributions over the past few months.Congratulations to Shelby Martin, Client Services Director of the Neary/Luczak Group, who was recently engaged. We wish you every happiness during this very special time.We are pleased to welcome Brittany Hedderman-Giordano, Financial Planning Assistant with the Neary/Luczak Group, and Mande Semon, Administrative Assistant to Bruce Gaynor, to the Albany office and Robert D’Amico, Financial Advisor in Cooperstown, NY. It’s great to have you here.Throughout the year, we take part in a range of charitable activities, including volunteering to cook for guests staying at the Ronald McDonald House while their critically ill children receive care at Albany Medical Center Children's Hospital, volunteering to sort food and household items at the Regional Foodbank of Northeastern NY, and participating in the Capital Financial Planning Charitable Foundation golf tournament that raised money this year for the Brave Will Foundation, an organization promoting palliative care for seriously ill children from whom a cure is no longer an option. Giving back to the community is an important part of our culture.On May 5, Capital Financial Planning advisors and associates celebrated the firm's 14 year anniversary. Todd Slingerland, President and CEO, hosted a fiesta-style luncheon to mark the occasion. He saluted those who were with the firm on the first day including Michael McCamy, Jim Zegers, Bob Elliott, and Paul Stracke and who joined in the first few months, including Clare Mertz, Adam Neary, and Gerry Gauer. Over the past 14 years, the firm has strived to provide an independent voice in the investment and financial services industry to help clients fulfill their goals and objectives. During that time, great satisfaction has come through efforts to help clients to educate children, build a nest egg, become philanthropic, make retirement memories, and more. Happy anniversary to all our clients and friends! We have been enjoying our volunteer cooking nights at Ronald McDonald House in Albany, NY. We prepare wholesome meals to assist families who are staying at the house while their critically ill children receive care at Albany Medical Center by providing the comfort of a hot, homemade dinner. Please visit "Past events" to see some of our pictures. Additional nights are scheduled. It is a very special service opportunity.On January 21, Capital Financial Planning held its annual awards banquet at the Mirror Lake Inn in Lake Placid, New York. Advisors and associates were lauded by Todd Slingerland, President and CEO. Arthur Forget received recognition for community service and was awarded the David J. Ross Sr. award for service above self for his work with student veterans. Paul Stracke received the President's Award for his ongoing excellence in his work, service to clients, mentorship to other advisors, and volunteerism in the community. The Neary/Luczak Group was recognized with a special teamwork award for achieving top production in the group in 2016. Also receiving accolades for production in particular business categories were Michael McCamy CRPC, Peter Luczak CFP, John Buff, Arthur Forget MBA, and Adam Neary CMFC.On December 7, 2016, Todd Slingerland, president and CEO of Capital Financial Planning, hosted the 8th annual Smile Bus. The Smile Bus takes people who have had a difficult year due to illness, bereavement, trauma, economic hardship, or other challenges and enables them to park their troubles at the curb for a day of joy. The bus takes everyone to the Radio City Christmas Spectacular Show in New York City. On board, carols are sung, holiday trivia is played, food is catered, treats such as candy and cookies are enjoyed, and there are surprises for the children. It is a very special annual tradition. To date, 400 people have benefited from our Smile Bus program. Participants are nominated from our financial advisors, associates, clients, and the community at large. It is truly our favorite day of the year!In August 2016, we joined LPL Financial, the largest broker/dealer for independent financial advisors in the United States. With changes in our industry, we sought to align with an industry leader, accessing enhanced efficiencies in our “service engine” such as robust technology, improved custody and clearing services, and expanded compliance oversight to better serve our clients. This opportunity also enabled us to launch a hybrid RIA platform, creating greater transparency to our clients through fee based wealth management services. We constantly strive to provide the optimal client experience and greatly appreciate your continued support, trust, and loyalty. These are all things we do not take lightly. Thank you for the privilege of your business.On May 16, 2016, our 7th Annual Capital Financial Planning Charitable Golf Tournament teed off on a breezy day at Albany Country Club. Enthusiastic golfers enjoyed lunch and a shotgun start. They participated in skills contests on the course such as longest drive and closest to the pin and enjoyed 18 holes of beautiful scenery and challenging golf. Cocktails, hors d'oeuvres, and a sumptuous dinner buffet were enjoyed while golfers and dinner party guests enjoyed the bountiful live and silent auctions. A great time was had by hall in honor of STRIDE Adaptive Sports, our primary beneficiary, which is an organization which helps recently wounded veterans live life without limits. A $7,000 check was presented to STRIDE to underwrite a summer camp program in which wounded warriors mentor disabled youth. The Capital Financial Planning Charitable Foundation provides matching gifts for donations made by advisors and associates as well as direct grants to charitable organizations throughout our branch network. Please visit http://www.capitalfinancialplanningcharitablefoundation.com to see the pictures from this great event. Mark your calendar for May 15, 2017 for our 8th annual tournament and dinner party - we hope to see you there!