Omega Wealth Management

Clients

Lessons from Bank Collapses

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written by Director of Investments, Jared Jones, CFP®, CIMA®, CeFT®, RLP® On Friday, news broke that Silicon Valley Bank had collapsed, marking the second-largest bank failure in U.S. history. Although it’s more complicated, essentially, it all boils down to the fastest-ever run on a bank. On Sunday night, a second bank, Signature Bank, failed. Although SEI is not a bank, we want to take this opportunity to review the safeguards in place for our clients’ assets at SEI. As a private trust company, SEI holds all client assets separately from… Read More

The Anatomy of Your Portfolio

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One question we get most often from our clients centers around returns and how to determine what is a “good return” and what is a “bad return.”  If you’ve flipped on the TV over the past ten years since the financial crisis, you’ve likely seen a lot of green arrows and seemingly the market is up on the news.  Usually, news broadcasts will follow the three major indexes that are the Dow Jones Industrial Average, the Standard & Poor’s 500 ®, and the NASDAQ.  However, when you look at your statement or… Read More

Mindful Spending

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Mindful Spending You’ve probably thought at one time “I really should have a budget.”  Or maybe you have one, and you’ve stuck to it for a month or two and fallen off the wagon.  The truth about budgeting is that budgets are hard to create and even harder to maintain. The good news is, you don’t need a rigid budget that lists every single spending category to be successful in achieving your financial goals.  In psychologist and Nobel Prize winner Daniel Kahneman’s seminal work, “Thinking Fast and Slow”, he makes the case… Read More