Patricia Sperduto

CFP, AIF, MBA
Personal Finance, Retirement, Lifestage Based Planning
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  • Marlton, NJ
  • 856-985-8400
  • www.meyercg.com
“Patricia Sperduto is a Fee-only Planner and Portfolio Manager at Meyer Capital Group. Patricia specializes in providing objective financial planning and asset management to help clients build, manage, grow, and protect their assets through life's transitions.”
Firm:

Meyer Captial Group

Job Title:

Lead Financial Planner and Portfolio Manager

Biography:

Patricia is in the business of helping people and representing what’s in their best financial interest. She is an objective fee-only financial planner and asset manager that has spent over twenty-five years working in the finance, including twelve years as the President of her own financial services company.  Now working for an independent RIA (Registered Investment Advisor), she is an unbiased professional who takes on fiduciary responsibility with all of her client interactions.  She specializes with those in life changing situations who don’t have the time, interest or personal experience to manage their own circumstances. She guides clients’ through a holistic planning process that creates a personal net wealth statement and navigates major life events, such as the loss of a loved one through death or divorce, paying down debt, planning for college or planning for a wedding and retirement.

Since most financial advisors are just a deviation of a salesperson in a nice suit that has a process of selling you high priced insurance and investment products, it’s important to recognize that Patricia, nor Meyer Capital Group, sells any investment or insurance based products. She only get paid by you, not various outside third-parties. As a result, the guidance she provides is not compromised by conflicts of interest that ordinary plague most relationships.  

Patricia has been a NAPFA ( National Association of Personal Financial Advisors ) member for ten years. She holds a Masters of Business Administration from Drexel University, and a Bachelor of Business Administration from Temple University. She received her Certified Financial Planner™ certification in 1996 from the Certified Financial Planner Board of Standards, Inc. and she holds her FINRA Series 7 and 63 licenses. Patricia also earned the Accredited Investment Fiduciary® designation from Fiduciary360. Fi360 promotes a culture of fiduciary responsibility and improves the decision making processes of investment fiduciaries.

Visit www.MEYERCG.com to use our free retirement assessment planning tool or call us for a free portfolio review session.

Please also connect with us on your favorite social site for tons of helpful personal finance information.

Education:

MBA, Drexel University
BBA, Temple University

Assets Under Management:

$750 million

Fee Structure:

Fee-only
Fixed-rate

CRD Number:

2950192

Disclaimer:

Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended and/or undertaken by Meyer Capital Group) will be profitable. Please remember that it remains your responsibility to advise Meyer Capital Group, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services. A copy of our current written disclosure statement discussing our advisory services and fees continues to remain available for your review upon request. Please Note: Rankings and/or recognition by unaffiliated rating services and/or publications should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Meyer Capital Group is engaged, or continues to be engaged, to provide investment advisory services, nor should it be construed as a current or past endorsement of Meyer Capital Group by any of its clients. Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized adviser.

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    Mutual Funds, Taxes
Do I have to claim the capital gain distribution on my federal return?
100% of people found this answer helpful

Yes. You might have tax consequences if the product is held in a taxable account, even if you did not sell any of your shares. It’s up to you to report mutual fund transactions on your tax return, as well as pay the appropriate taxes whether the distributions were paid out in cash or reinvested to buy additional shares. 

When a mutual fund company passes earnings and other payouts to shareholders, it’s known as a distribution. Distributions from mutual funds occur for several different reasons and are subject to differing tax rates. The major distribution for most funds comes at the end of each year, when net amounts are calculated—capital gains and other earnings minus the expenses of the funds. You should note that these distributions apply to all shareholders for the entire year equally, so if you buy an active fund in December on the day before the distributions are made you are still subject to the same tax ramifications as the person who owned it on Jan 1st. 

Even if you didn't sell any shares of your fund last year, the portfolio management team of the fund sold underlying investment positions within the fund and created a capital gain that must be distributed (assuming they don't have losses on their books to offset gains). This is one area to watch when buying "actively" managed fund products in a taxable account.  

With that said, you have a few options to consider going forward. One would be to analyze your portfolio regularly and conduct tax-loss harvesting at least once a year so you'll have losses to offset any gains that might be distributed. Another strategy would be to focus on quality low turnover active fund managers. They tend to be a little less expensive to own, are more buy & hold so they don't trade very often in the account and as a result will have lower or no annual distributions. Finally, you can gradually move your taxable accounts to a cheap passive index or ETF product(s) that will not experience the distributions at all.  

Morningstar.com will provide you with "turnover rates" and "After-tax" return rates. After-tax returns refers to what you keep from your investment’s returns after paying Uncle Sam. After-tax returns are important because some funds have high before-tax returns but low after-tax returns. 

FINRA ( The Financial Industry Regulatory Authority) has a great fund tool that you can find at http://www.finra.org/investors. The Fund Analyzer offers information and analysis on over 18,000 mutual funds, Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs). This tool estimates the value of the funds and impact of fees and expenses on your investment and also allows you the ability to look up applicable fees and available discounts for funds. 

http://www.lipperleaders.com & www.fundmojo.com are two other great resources for independent fund data.

On a final note, depending on your taxable income level and final tax bracket, you might not be subject to the capital gains tax on your distribution. Check with your accountant for details. 

Best of Luck!

Pat

 

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