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Company Updates April 1, 2007
Kabarec Financial Advisors, Ltd. Celebrates its 25th Anniversary
Palatine, IL — Kabarec Financial Advisors, Ltd (KFA) will proudly be celebrating its 25th anniversary on April 1, 2007.
Since 1982, Kabarec Financial Advisors has helped its clients reach their financial goals. KFA offers financial planning and wealth management services primarily to small businesses, individuals, and their families. As independent Registered Investment Advisors, the firm offers objective and impartial recommendations on a “fee-only” basis without the influence of product or sales commissions. KFA provides their clients with objective advice uniquely tailored to their financial goals and objectives. Kabarec Financial Advisors prides itself by being large enough to serve, small enough to care.
Kabarec Financial Advisors’ experts have extensive experience and training in several aspects of financial planning and investment management. Their associates hold one or more of the following professional designations: Certified Financial Planner (CFP™), Personal Financial Specialist (PFS), Certified Public Accountant (CPA), Chartered Financial Analyst (CFA®), and Masters degrees.
“We are fortunate to have such a wonderful staff working with us,” said Karen Kabarec, MS, Vice President of KFA. “They are a highly qualified team that has helped us reach this important milestone.”
“I am thankful for the confidence our clients have shown in our firm all these years. Without their confidence and support, the firm wouldn’t exist today,” said Michael Kabarec, CFP™, CPA/PFS, President of KFA, which oversees about $131 million. “It has been gratifying serving our clients all these years; especially helping them achieve their financial goals. The firm is now getting the opportunity to serve the next generation of clients and it is our intention to help them to achieve their goals, just as their parents.”
About Kabarec Financial Advisors, Ltd.
Kabarec Financial Advisors, Ltd. is a “fee-only,” full-service financial advisory firm with 25 years experience helping clients build better futures. Kabarec Financial Advisors’ strategic focus is on preserving, protecting, empowering and perpetuating wealth for the benefit of its clients and its clients’ future generations. The principal of the firm previously has been named by Worth, Money Magazine, Bloomberg Investment Management and Medical Economics as one of the country’s best financial advisors.
Consult Kabarec Financial Advisors at 847-934-7777 or www.kabarec.com for all your investment needs.
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July 29, 2005 Kabarec Financial Advisors: Successful Investors Develop Sell Discipline Palatine, IL — A volatile stock market requires sell discipline, according to Kabarec Financial Advisors, Ltd. (KFA), which oversees $125 million in assets. “Some investors find it harder to sell than buy,” said Michael Kabarec, CFPä, CPA/PFS, principal of KFA, “mainly due to the psychological effects of it.” Selling at a loss forces investors to recognize they made a mistake in their analysis. Selling at a gain has investors second-guessing an even larger profit and gasping at the taxes they owe. KFA has a long-standing sell discipline philosophy on both the upside and downside of the market. Investors need to consider three basic techniques to exercise sell discipline. First, they need to set a price target—the level in which they believe the stock can reach and are willing to sell. They also should consider installing a stop order—a preset price that triggers an order to sell the stock. Also involved in the process is thorough fundamental analysis—researching the operational strategy of the company and how it is changing. KFA’s recent sell discipline with VeriSign Inc. (trade name: VRSN), an Internet and telecommunications services company, is an illustration of how a stop order is used when a stock is increasing in value. Investment specialists bought the stock at $19 per share and set the price target at $32. They placed a stop order at $31 after the stock appreciated more than 60 percent and went above KFA’s price target within eleven months. The stop order was triggered with a significant downside move of the overall market. So KFA sold VeriSign at $31, making a $12 per share profit. The stock kept declining, along with the broader market, reaching $24. A fundamental analysis revealed VeriSign remained intact, so KFA bought the shares back at $26. The stock currently trades near $31 per share. “The buy and hold strategy doesn’t apply to this market anymore,” said Amy Shang Fei, CFA, senior investment analyst for KFA. The increased volatility in the marketplace due to numerous uncertainties in the global economy has greatly reduced the return you can expect from a buy and hold strategy. “We believe being sell disciplined on the upside while remaining flexible on how frequently a stock is sold or bought, investors will achieve a return higher than the market average,” Shang Fei explained. Sell discipline on the downside is just as important as it is on the upside. “If we observe unusual volatility with a stock, which is trading below the price at which we first bought it, we would use a stop order to limit the potential loss,” Shang said. “We usually sell before there’s a more than 20 percent loss.” When KFA purchased stock of First Marblehead (trade name: FMD), a company that securitizes student loans, it experienced a short rise before falling. After the stock dipped below the initial stock purchase price, KFA analysts became concerned about the observed volatility. “We installed a stop order at 20 percent below the purchase price to limit our downside risk,” Shang Fei explained. The stock was sold when the shares were traded as low as the price of the stop order. Soon after that, a press release from a financial institution caused a negative perception of First Marblehead’s earnings prospects, and the stock plunged another 30 percent. “Although we sold at a loss, it could have been worse if we held onto the stock.” Price targets and stop orders are not mechanically applied. They have to be aided by in-depth fundamental analysis. Portfolio managers and analysts meet on a regular basis, as market conditions dictate. “We receive news alerts everyday and have real-time information systems to monitor and analyze the stocks and markets,” Shang Fei said. “If we believe new developments in a company will dramatically change the prognosis of a stock, we would sell the stock, even if the price target is not met.” For instance, when news reports broke on ChoicePoint (trade name: CPS), a consumer database servicing business, KFA sold. “We realized when ChoicePoint had its consumer credit card data compromised, it would have a negative impact on how the company operates,” said Shang Fei. The action proved to be successful. KFA sold ChoicePoint at $43 per share, a 19 percent return after holding it for 16 months. A day later it traded at $38. KFA saw the unfortunate occurrence as a fundamental change, so determined not to buy the stock again. The same disciplined sell process also applies to mutual fund holdings. Take into consideration the following criteria when determining whether to sell a mutual fund: Manager change Continued underperformance Style or philosophy drift Increased volatility Name change Impropriety “None of the criteria in and of itself is a reason for selling,” said Kirk Hackbarth, CFPä, CPA/PFS, MS of KFA, “but it’s worth taking note.” When it comes to managing stocks and mutual funds, Shang Fei believes when to sell is more critical than what to buy. The value of good investment advice isn’t fully realized until the profit is experienced through sells. With transaction fees low compared to the 1990s, disciplined selling is a cost effective strategy. Kabarec suggests investors review and rebalance their portfolio every six months. If an investor struggles with sell discipline, look for a financial advisor or money manager who understands the strategy. “It’s one of the best ways to receive a significant return on an investor’s hard earned dollar.” Kabarec said. About Kabarec Kabarec Financial Advisors, Ltd. is a “fee-only,” full-service financial advisory firm with more than 20 years experience helping clients build better futures. It provides portfolio management and financial planning services. KFA’s strategic focus is on preserving, protecting, empowering and perpetuating wealth for the benefit of its clients and its clients’ future generations. Michael Kabarec, CFPä, CPA/PFS, principal of KFA, previously has been named by Worth, Money Magazine, Bloomberg Investment Management and Medical Economics as one of the country’s best financial advisors. For more information on sell discipline, consult Kabarec Financial Advisors at 847-934-7777 or www.kabarec.com. ### May 27, 2005 Kabarec Financial Advisors: High Net Worth Investors Could Capitalize on Higher Gas and Oil Price Trend Palatine, IL—Kabarec Financial Advisors, Ltd. (KFA) suggests an often overlooked opportunity to take advantage of high gas and oil prices—consider becoming a “working interest” energy investor. “Not only do many of the participants see a high rate of return, but also substantial tax savings,” said Michael Kabarec, CFPä, CPA/PFS, principal of KFA, which oversees $125 million in assets. The “working interest exception” became part of the Tax Reform Act of 1986 to stimulate domestic gas and oil drilling activity. Tax benefits resulted. As Congress now reworks the Energy Bill more incentives, such as tax credits, are being considered.
“The working interest energy investment is a portfolio diversification tool,” said Kirk Hackbarth, CFPä, CPA/PFS, MS of KFA. “It’s not correlated to the stock and bond markets, so it’s valued separately.” Hackbarth believes the current volatile state of the markets makes this type of investment attractive, in addition to rising gas and oil prices.
A high net worth investor who can tolerate risk is best suited for this type of investment. Usually only accredited investors—people who meet certain net worth and annual income requirements—qualify. Minimum investment requirements generally range from $15,000 - $40,000.
Working interest energy investments allow participants to invest in the energy industry with all of the advantages of ownership, but without the day-to-day operation of gas and oil exploration and production.
Tax advantages involve write offs in year one of the investment, including up to $100,000 in equipment costs and unlimited intangible development costs. In addition, investors receive an annual natural resource depletion allowance of 15 percent to 25 percent of the investor’s gross income from the drilling project. And the tax write offs can be deducted against ordinary income.
Historically, internal rate of return on these investments has averaged in double digits, including cash flow and tax benefits. However, like other investments, past performance is not indicative of future results. “Today, with the price of gas and oil being what it is,” Kabarec said, “the return on the investment could be significant.” After the initial startup costs and monthly expenses once production begins, investors start receiving a monthly cash flow, or “royalty stream” until the wells run dry—usually 15 to 30 years.
Kabarec uses an example of a $100,000 investment in a drilling program. The first year the investor writes off 95 percent of the initial investment, or in this case, $95,000. Investors in the 35 percent tax bracket would save about $33,250 in taxes, In the next year, the participant starts receiving royalty payments that are subject to the depletion allowance, so approximately 20 percent is not taxable. Thus, if the investor receives $5,000 in cash flow, only $4,000 is taxable. Eventually, the wells will go dry, but the intent is to gain far more than the original $100,000 investment in royalty income and tax benefits. “This is a long-term investment,” Kabarec said.
One drawback of this investment is its illiquidity. “Once you’re in, you’re in until there’s no more product to produce,” Kabarec said. No public market exists for the working interests.
“Many of our clients get addicted to this investment,” Kabarec said. “They crave the write off.” But Kabarec warns too much of a good thing will disturb portfolio diversification.
“We recommend no more than a 5 to 10 percent allocation,” Hackbarth added. There are risks associated with any “working interest” investment. “ There exists the possibility that wells will be unproductive. You’ll get the tax break, but not the cash flow.”
The investment won’t offset the cost of filling up at the pump, but with a trend toward higher oil and gas prices, Hackbarth believes it’s worth capitalizing on the circumstances through working interest energy investments.
About Kabarec Kabarec Financial Advisors, Ltd. is a “fee-only,” full-service financial advisory firm with more than 20 years experience helping clients build better futures. It provides portfolio management and financial planning services. KFA’s strategic focus is on preserving, protecting, empowering and perpetuating wealth for the benefit of its clients and its clients’ future generations. Michael Kabarec, CFPä, CPA/PFS, principal of KFA, previously has been named by Worth, Money Magazine, Bloomberg Investment Management and Medical Economics as one of the country’s best financial advisors.
For more information on working interest energy investments, consult Kabarec Financial Advisors at 847-934-7777 or www.kabarec.com.
### April 22, 2005 Kabarec Financial Advisors: Tax Savings and Earning Power Possible With Closer Look at Stock Options Palatine, IL—Employees could be disregarding thousands of dollars in earning potential each year. “Quite frequently, option recipients at both public and private companies don’t manage them properly,” said Kirk Hackbarth, CFPä, CPA/PFS, MS of Kabarec Financial Advisors, Ltd. (KFA), which manages about $125 million in assets. Hackbarth is a leading specialist in stock options analysis and comprehensive planning. Twenty percent of KFA’s clients hold stock options. According to the National Center for Employment Services, 11% of in-the-money stock options were deemed worthless last year because employees let them expire before exercising them. “There’s a great need for education and finding the right person to help employees understand what they have,” Hackbarth said. He added this is important not only so option recipients understand the current and possible future value, but also so they develop a strategy to exercise in the most tax efficient manner. It’s critical to work stock options into an overall financial plan early. The timing of stock option exercises and whether to hold or sell the acquired shares could have a big impact on a person’s financial future. Stock options—either nonqualified (NSOs) or incentive (ISOs)—allow employees to buy stock at a fixed price for a defined number of years, usually a 10-year period. When employees choose to buy the shares, they exercise the option. For example, an employee might be able to buy 100 shares of stock at $10 per share for 10 years. After year five, if the stock reaches a market value of $20, the employee still is able to purchase it at $10. Hackbarth advises employees with stock options to ask three questions: when do I exercise them, what are the tax implications and how do they fit into my overall financial plan? Employees should also know if their options are NSOs or ISOs. “That’s a big distinction as far as tax treatment and exercise strategies.” If an employee exercises a nonqualified stock option, they pay tax on the difference—the so-called spread—at ordinary income tax rates. In the example, that would be a $10 difference—considered compensation income that shows up on the employee’s W-2 form for the year of exercise. With an incentive stock option, the employee won’t owe any “regular” tax on exercise, but the spread is treated as income for the purpose of calculating the alternative minimum tax (AMT). The AMT can potentially increase the amount of income that is taxed, adding items that were tax-free under the regular tax system, and disallowing many deductions. One strategy to keep in mind with ISOs is to exercise early in the year. “What if the value of the underlying stock nosedives after the options are exercised but before the underlying stock is sold?” Hackbarth said. “The recipient could end up paying AMT that is disproportionate to the actual profit.” There is an opportunity to avoid such a situation. An employee can reduce the tax liability by selling the stock before the end of the year. The option recipient will pay tax at “regular” tax rates, but the tax will apply only to the actual profit, not the larger paper profit that exists when the option was exercised. “Employees also have to make sure they’re not too heavily weighted in their company stock,” Hackbarth said. In general, a properly diversified portfolio should have no more than 10 – 20% of total investment assets in company stock. If company stock is over 20%, Hackbarth advised that could accelerate your strategy on when to exercise. Hackbarth encourages employees to seek professional advice as soon as they receive stock options to navigate the complexities involved in managing them. Many employees hold onto their shares without understanding the tax consequences and learn too late the financial price. About Kabarec Kabarec Financial Advisors, Ltd. is a “fee-only,” full-service financial advisory firm with more than 20 years experience helping clients build better futures. It provides portfolio management and financial planning services. KFA’s strategic focus is on preserving, protecting, empowering and perpetuating wealth for the benefit of its clients and its clients’ future generations. Michael Kabarec, CFPä, CPA/PFS, principal of KFA, previously has been named by Worth, Money Magazine, Bloomberg Investment Management and Medical Economics as one of the country’s best financial advisors. For more information on employee stock options analysis, consult Kabarec Financial Advisors at 847-934-7777 or www.kabarec.com. February 11, 2005Kabarec Financial Advisors, Ltd.: Look Now to Save Taxes in 2005 Palatine, IL—Kabarec Financial Advisors, Ltd. (KFA) says now is the time to prepare for tax savings in this New Year. “We expect Congress to make the tax cuts passed in 2003 permanent this year,” said Michael Kabarec, CFPÔ, CPA/PFS, principal of KFA, which oversees about $125 million. “This certainty in tax cuts for at least the next few years is critical to where you hold certain investments,” said Kirk Hackbarth CFPÔ, CPA/PFS, MS of KFA. He suggests holding investments that generate ordinary income, such as bonds, in tax-deferred accounts. More aggressive investments that typically generate capital gains should be held in taxable accounts in order to take advantage of the low 15% capital gains tax rate. Another advantage comes when you pare a few investments that experienced losses from your portfolio. If the investment was held in a taxable account, you can deduct up to $3,000 in losses against other income on your individual income tax return. Losses not used in one particular tax year can be carried forward to future years. Also, if eligible, consider investing in a Roth Individual Retirement Account (IRA). The primary advantage of the Roth IRA is your investment grows tax-free, meaning you will never have to pay federal income taxes on your earnings provided certain requirements are met. In addition, contributions can be withdrawn at any time without paying taxes or penalties. Also, the Roth IRA is not subject to required minimum distribution rules at age 70 ½ like other IRAs. Contributions to a Roth IRA are not tax deductible, but depending on the investor’s particular situation, tax-free growth may result in more savings than comparable investments in a traditional IRA. Roth IRA contributions are subject to a modified adjusted gross income limitation. The phase-out range is $150,000–$160,000 for married couples filing jointly, $95,000–$110,000 for single and head of household filers, and $0–$10,000 for married filing separately. Contribution limits for 2005 are $4,000 if under age 50 and $4,500 if 50 and older. Hackbarth also recommends investing in an employer retirement plan such as a 401(k), 403(B) or 457. These accounts are still one of best ways to accumulate retirement assets. If possible, try to defer the maximum amount allowable each year. For 2005, it’s $14,000 for employees under age 50 and $18,000 for those age 50 and over. For workers early in their careers, deferring the maximum may not be realistic. But if the employer offers a company matching contribution, defer at least enough to obtain the full match. Another important planning idea that is often overlooked as part of an employer-provided benefits package is a flexible spending account (FSA). This IRS Section 125 cafeteria plan allows employees the option of pre-tax payroll deductions for some insurance premiums, unreimbursed medical expenses, and child/dependent care costs. “Tapping into this benefit can result in big savings for taxpayers,” Hackbarth said. “For example, let’s assume our client is a married couple with two children and that both spouses have a FSA available through their prospective employers. Let’s also assume that both children are in day care at an annual cost of $5,000. If one spouse is over the Social Security wage limit ($90,000 for 2005), it’s more beneficial from a tax standpoint for the lower wage-earning spouse to have the $5,000 day care expenses deducted from their paycheck.” Hackbarth explained the savings is the result of FSA amounts not being taxed for income, Social Security, and Medicare taxes. The savings would be 6.2% of $5,000—the higher wage earner would save only 1.45% from their Medicare portion versus the lower wage earner’s savings of 7.65%. With the Social Security trust fund expected to be bankrupt by the year 2042 as baby boomers leave the work force and more employers phase out the traditional pension plan, Kabarec believes there’s no better time to take tax-saving investing into your own hands. “The magic of compounding creates massive amounts of wealth,” he said. For example, a 26-year-old contributing $4,000 annually into a Roth IRA earning an 8% average annual rate of return would accumulate over $1 million at age 65. About Kabarec Kabarec Financial Advisors, Ltd. is a “fee-only,” full-service financial advisory firm with more than 20 years experience helping clients build better futures. It provides portfolio management and financial planning services. KFA’s strategic focus is on preserving, protecting, empowering and perpetuating wealth for the benefit of its clients and its clients’ future generations. Kabarec previously has been named by Worth, Money Magazine, Bloomberg Investment Management and Medical Economics as one of the country’s best financial advisors. For more information on tax-saving strategies for 2005, consult Kabarec Financial Advisors at 847-934-7777 or www.kabarec.com. February 7, 2005Kabarec Financial Advisors, Ltd. Announces New Associate Planner Palatine, IL—Michelle L. Borne has been named associate planner at Kabarec Financial Advisors, Ltd. (KFA). Borne started her position on January 31, 2005.
Borne recently graduated from Kansas State University with a bachelor of science degree in personal financial planning and is eligible to sit for the Certified Financial PlannerÔ (CFPÔ) examination. CFP certification requires a test of a candidate’s ability to apply their financial planning knowledge to client situations.
“Michelle is going to add technical expertise and her education in financial planning to the entire client experience,” said Michael Kabarec, CFPÔ, CPA/PFS, principal of KFA, which oversees about $125 million.
Borne will assist in plan writing, research and customer service, working closely with Kirk Hackbarth, CFPÔ, CPA/PFS, and MS. “Michelle is a highly qualified addition to the Kabarec team,” said Hackbarth. “We greatly value the dedication to her profession.”
“I am energized working in such a well-respected firm and knowing the opportunity exists to further my knowledge in financial planning,” said Borne, who has been an active member of the Financial Planning Association.
Kabarec Financial Advisors, Ltd. is a “fee-only,” full-service financial advisory firm with more than 20 years experience helping clients build better futures. It provides portfolio management and financial planning services. Kabarec Financial’s strategic focus is on preserving, protecting, empowering and perpetuating wealth for the benefit of its clients and its clients’ future generations. The principal of the firm previously has been named by Worth, Money Magazine, Bloomberg Investment Management and Medical Economics as one of the country’s best financial advisors.
Consult Kabarec Financial Advisors at 847-934-7777 or www.kabarec.com for all your investment needs.
December 30, 2004 Kabarec Financial Advisors, Ltd.: 2005 Outlook Looks Most Promising In Foreign Markets Investing Palatine, IL— Kabarec Financial Advisors, Ltd. (KFA) suggests the best sectors to invest money in 2005—energy, healthcare and industrial—focusing on foreign markets. “Even though we expect the U.S. market to continue to grow, it will be at a more moderate rate than the last couple of years,” said Michael Kabarec, CFPÔ, CPA/PFS, principal of KFA. “European and Asian—particularly Japan, India, and China—markets are further behind the economic rebound,” added Kabarec. “They’re at where the U.S. was 18 months ago.” Investors will likely see a higher return by putting their money in emerging markets and developing countries. Kabarec suggests investing in unhedged funds. “You want to be exposed to foreign currency,” he said. “If you hedge the currency, you’re buying domestic assets.” The falling U.S. dollar is supporting this trend. KFA gives more weight to portfolios in the foreign bond market—up to five percent, instead of the typical two percent—because of the movement. The value of the dollar is expected to drive most investment trends in 2005.
Energy
KFA believes with expected higher inflation investors should take a serious look at the demand-driven energy market. KFA forecasts crude oil prices stabilizing at $38 to $45 a barrel—down from the peak $55 a barrel price this past fall. “It’s still high, but acceptable,” Kabarec said.
KFA recommends investing in the Canadian drilling company Ensign Resource Services Group—traded on the Toronto Stock Exchange as (ESI). “Investors should look at upstream stocks—the exploration and production part of crude oil and natural gas,” said Amy Shang Fei, MBA, CFA®, senior investment analyst. “Higher than historical average oil prices mean oil companies are motivated to spend capitals and oil service companies will benefit.”
To diversify a portfolio and cover more basic material and commodity stocks, one investment vehicle KFA recommends is iShares Basic Materials Fund (IYM). “It’s a mutual fund that trades like a stock,” Kabarec explained. Mutual funds are priced at the end of the day, but the iShares Basic Materials Fund trades in concert with stocks.
Industrial
KFA also believes the weakening dollar will benefit large cap multi-national companies in the industrial sector. KFA predicts stocks with significant international market exposure will generate larger profits as these companies convert their revenue in foreign currency from their multi-national locations back to the U.S. dollar.
“In particular, we expect the office equipment and mail management company Pitney Bowes (PBI) to experience steady growth,” Kabarec said.
Healthcare
In the healthcare sector, though, KFA believes mid cap companies have greater growth potential. “Most of them are niche players, and they spend a lot of money on research and development—more so than large cap healthcare companies,” said Shang Fei. “They have the competitive advantage and can’t be easily taken by overseas companies, particularly a medical device company.”
For this reason, KFA favors Zimmer Holdings (ZMH)—the leading orthopedic company.
About Kabarec Kabarec Financial Advisors, Ltd. is a “fee-only,” full-service financial advisory firm with more than 20 years experience helping clients build better futures. It provides portfolio management and financial planning services. KFA’s strategic focus is on preserving, protecting, empowering and perpetuating wealth for the benefit of its clients and its clients’ future generations. Kabarec previously has been named by Worth, Money Magazine, Bloomberg Investment Management and Medical Economics as one of the country’s best financial advisors.
For more information on investment strategies for 2005, consult Kabarec Financial Advisors at 847-934-7777 or www.kabarec.com.
December 10, 2004 Kabarec Financial Advisors, Ltd.: Principal Named Among The Best Financial Advisors for Doctors Palatine, IL—Michael Kabarec, CFPÔ, CPA/PFS and principal of Kabarec Financial Advisors, Ltd. (Kabarec Financial), has been named among the 150 best financial advisors in America by Medical Economics. “I am honored to be selected by such a prestigious publication that serves the medical community,” said Kabarec.
The magazine evaluated hundreds of candidates, favoring advisors who were recommended by physicians and limited compensation earned from commissions. Kabarec Financial is a “fee-only” firm, which does not receive commissions.
Kabarec has been advising members of the medical community for more than 20 years and understands the unique financial situations of many of its members. For example, Kabarec has helped doctors negotiate large mortgages for a primary residence and second homes using special financing techniques.
Currently, 20 percent of the clientele at Kabarec Financial are physicians. Kabarec’s particular areas of expertise are in retirement planning, investment management and small business benefits.
Kabarec previously has been named by Worth, Money Magazine and Bloomberg Investment Management as one of the country’s best financial advisors.
Kabarec Financial Advisors, Ltd. is a full service investment advisory firm providing portfolio management and financial planning services. The firm’s strategic focus is on preserving, protecting, empowering and perpetuating wealth for the benefit of their clients and their clients’ future generations.
For more information on Kabarec Financial, call 847-934-7777 or visit www.kabarec.com.
November 4, 2004 -- Kirk Hackbarth has been accepted as a member in the National Association of Personal Financial Advisors (NAPFA). Membership is given only to "fee-only" financial advisors who are paid directly by their clients. NAPFA members receive no commissions or other rewards for selling financial products. Kirk was granted this membership by submitting a complete comprehensive financial plan for a full-scale peer review. Congratulations Kirk! November 1, 2004
Kabarec Financial Advisors Has Changed Locations
Palatine, IL – November 1, 2004: After serving its clients for fifteen years at the office complex on North Court in Palatine, IL, Kabarec Financial Advisors, Ltd. (KFA) has decided to raise the bar in regards to its office space. KFA has moved offices to a more upscale development in the heart of downtown Palatine. Their new building is located one mile away from its previous office.
Kabarec Financial Advisors’ suite is in the newly constructed Gateway Center. The four-story development has both office and street level retail shops on the premises along with a health club for convenient use. In addition to the numerous restaurants nearby, Gateway Center is within walking distance from the Palatine Metra Station.
“We wanted to maintain a certain image and our previous office building wasn’t giving us the look we were aiming for. Our suite at Gateway Center brings a more sophisticated ambiance that we want our clients to experience,” comments Mike Kabarec, President of KFA.
Kabarec Financial Advisors, Ltd. is a “fee-only” financial advisory firm with over twenty years experience helping clients build better futures. KFA is a full service investment advisory firm providing portfolio management and financial planning services. Their strategic focus is on preserving, protecting, empowering and perpetuating wealth for the benefit of their clients and their clients’ future generations.
October 30, 2004 – KFA is Moving! KFA has found a new building in downtown Palatine. We are relocating within walking distance from the Palatine train station and right next to the new Durty Nellies Pub. Phone, Fax, etc. remains the same. Our official move in date is October 30, 2004. We are very excited about our new office.
Our New Address as of 10/30/04 is:
220 N. Smith Street
Suite 220
Palatine, IL 60067
Below is a map from our old location to our new building
From: (A) 675 N. North Court To: (B) 220 N. Smith Street
Suite 180 Suite 220
Palatine, IL 60067 Palatine, IL 60067
September 28, 2004 – For the past several months Amy Shang Fei has been spending much of her time studying for the Chartered Financial Analyst exam. To earn this charter, Amy had to pass three exams all of which were six hours long. In order to be considered as a candidate for the CFA®, an individual is expected to have at least three years of investments-related experience and adhere to standards of ethical responsibility. All of Amy's hard work paid off! She officially received her CFA ® designation and is now KFA's Senior Investment Analyst. Congratulations Amy!
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