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Michael J. Howley

CFP®
Retirement, Investing, Lifestage Based Planning
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“100% Fiduciary + 100% of the Time = Your Best Interest! As a seasoned independent fee-only financial adviser, my mission is to put your best interest first and work as your fiduciary adviser in a conflict-free relationship.”
Firm:

Meyer Capital Group

Job Title:

Certified Financial Planner

Biography:

Michael Howley is a fee-only investment advisor representative at Meyer Capital Group in Marlton, NJ. Michael joined Meyer Capital Group in April 2002. Prior to joining MCG, he served as a Senior Investment Specialist and Assistant Branch Manager with Charles Schwab & Company, where he consistently led a $3 billion branch.. In addition to his day-to-day responsibilities, he was selected by Schwab management to act as the Regional Coordinator for their AdvisorSource, a program for high-net wealth investors that have complex financial situations and need specialized planning & investment solutions. For his work with the program he was awarded the prestigious "Excellence In Service Award" for superior performance and client relations. Prior to that experience, Mike worked on a trade desk at Brown & Company in Philadelphia and started his financial services career with Smith Barney specializing in the IPO markets.

Mike holds an Associates of Science in Management from Pierce College, a Bachelor of Science in Business Administration from Rutgers University, and has completed all of the education requirements with Fairleigh Dickinson University for the CERTIFIED FINANCIAL PLANNER™ certification. Mike has also  completed all of CFP Board's requirements in education, ethics, experience and examination to earn the right to call himself a CFP®. 

Education:

BS, Business Administration, Rutgers University
AS, Management, Pierce College
Financial Planning Program, Fairleigh Dickinson University

Assets Under Management:

$1 billion

Fee Structure:

Fee-only

CRD Number:

2521440

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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    Estate Planning, IRAs, Stocks, Insurance, Life Insurance
Can I hold individual stocks in my living trust?
100% of people found this answer helpful

Yes. Think of an account as just a shell. You can put almost any investment under that shell. You can buy stocks, bonds, mutual funds, exchange traded funds, Cd's, etc. in a taxable account, Ira, Roth Ira, trust, custodial account, etc.

There should be no tax issues for simply changing the registation and journalling the assets into a trust. The cost basis should follow the positions over. You should note that trusts do in fact have a different capital gains tax and income tax schedules as well as rates. 

A trust is a great vehicle and might be the solution to your issue, but there are also less expensive ways to pass the assets down and avoid the probate process. You could also just add a Joint party to the account or if you don't want to give up any control and ownership now, you can add a TOD - Transfer on Death aka Designated Beneficiary. 

Finally, always consult with your estate planning attorney and CPA before you change account registrations. 

Best of luck! 

Mike

 

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