Behind The Curtain

There’s a lot of unseen magic that goes on at The Retirement Planning Group. See what we’ve been up to in our behind-the-scenes timeline.

2023
2023

Q4 Trading Update

Trading Volume: $371 Million
# of Trades Placed: 34,270
Tax Loss Harvesting: $1,662,000

December 2023

Investment Committee Meeting

In our December meeting, the TRPG Investment Committee reviewed portfolios and discussed potential changes while summarizing the 2024 outlooks.

November 2023

Investment & Wealth Manager Webinar

Chief Investment Officer Chris Bouffard, CFA, updated Wealth Managers on the latest in markets, macroeconomics, and managed investments, discussing the macroeconomic update, capital markets review, and investment performance. He also highlighted support for NQ Accounts and the imminent Year End Cap Gains, along with an update on the Dow Contest, emphasizing there's one quarter remaining.

October 2023

Investment & Wealth Manager Webinar

Chief Investment Officer Chris Bouffard, CFA, informed Wealth Managers about the recent guest, Kevin Simpson, CWP / DIVO, and covered the latest updates on markets, macroeconomics, and managed investments, including macroeconomic insights, a review of capital markets, and investment performance. He also mentioned upcoming support for NQ Accounts, emphasizing the forthcoming Year End Cap Gains data file.

Q3 Trading Update

Trading Volume: $436 Million
# of Trades Placed: 38,500
Tax Loss Harvesting: $3,375,000

September 2023

Investment & Wealth Manager Webinar

Chief Investment Officer Chris Bouffard, CFA, briefed Wealth Managers on upcoming model changes, Long-Term Capital Market Assumptions (CMAs), BRICS and currency, 401(k) Plan Lineups, new risk assessment tools, and potential AI resources.

September 2023

Investment Committee Meeting

In our September meeting, the TRPG Investment Committee discussed the replacement of the CDC allocation with a Large Cap Value mandate. Additionally, we provided a heads-up on the upcoming effort related to the SMID Cap Value ETF.

August 2023

Portfolio Allocation Review

All portfolios were reviewed by a Wealth Manager, and account allocation models were updated as needed.

August 2023

Investment & Wealth Manager Webinar

Chief Investment Officer Chris Bouffard, CFA, briefed Wealth Managers on upcoming model changes, Long-Term Capital Market Assumptions (CMAs), BRICS and currency, 401(k) Plan Lineups, new risk assessment tools, and potential AI resources.

July 2023

Investment & Wealth Manager Webinar

Chief Investment Officer Chris Bouffard, CFA, informed Wealth Managers about the shift from rate tightening to credit tightening and FITCH's U.S. Credit Rating downgrade, while also stressing the significance of long-term returns and presenting the latest Capital Market Assumptions for improved client understanding of market and investment performance.

July 2023

Investment Committee Meeting

In our July meeting the TRPG Investment Committee discussed the macroeconomic environment and its implications for portfolio repositioning, along with updated charts highlighting significant divergences in 2023, including "Elevated Global Recessionary Pressures." Additionally, we discussed warning signs such as delinquencies and challenges in the market, such as top sector performers experiencing their worst EPS in Q1, a negative -8% EPS for the top-performing Nasdaq index, and the impact of liquidity driven by the Fed's balance sheet expansion in response to the banking crisis, as well as increasing global debt coupled with GDP deceleration.

Q2 Trading Update

Trading Volume: $381.6 Million
# of Trades Placed: 39,120
Tax Loss Harvesting: $1,324,000

June 2023

Investment & Wealth Manager Webinar

Chief Investment Officer Chris Bouffard, CFA, briefed Wealth Managers on the current market conditions, noting the persistence of recessionary pressures, an alarming yield curve indicating recession, yet equities not reflecting this concern. He also introduced new sectors in the Sector Rotation strategy and highlighted the Q2 Client Investment Update for a comprehensive review of the first half and outlook for the second half of the year.

June 2023

Investment Committee Meeting

In our June meeting, TRPG Investment Committee covered our market positioning in light of macroeconomic deterioration, including the ongoing tug of war with interest rates and spreads. We discussed elevated global recessionary pressures, highlighting warning signs such as an earnings recession, leading economic indicators, diverging GDP and GDI data, the yield curve, consumer stress indicators, and a narrow market focus on technology. The meeting also included discussions on employing tactics for downside mitigation and the vehicles to implement these protective measures.

June 2023

Tax Projection Season Begins

The Tax team and Wealth Managers worked with clients to coordinate and execute Tax Projections.

May 2023

Investment Committee Meeting

In our May meeting, the TRPG Investment Committee conducted a review of our Money Market Funds, specifically our usage of Schwab Money Market Funds. After evaluating recent details, the committee approved a decision to transition back to the higher-yielding Schwab Value Advantage Money Market Funds due to the widening yield differential and decreased daily liquidity in Schwab Treasury Money Market Funds. Mike Russell, CFP®, will initiate the transition for clients promptly. The Value Advantage Money Market Funds currently offer a yield advantage of +0.66% with improved liquidity.

May 2023

Investment & Wealth Manager Webinar

Chief Investment Officer Chris Bouffard, CFA, briefed Wealth Managers on the current market outlook, highlighting persistent recessionary pressures even though the market is not currently pricing in a recession. He also informed them about the transition back to Schwab Value Advantage MMFs and upcoming additions to their investment toolbox, including updates related to Goldman Select FDIC Savings and Goldman Securities Lending.

April 2023

Investment & Wealth Manager Webinar

Chief Investment Officer Chris Bouffard, CFA, briefed Wealth Managers on the current market's tug-of-war between interest rates and spreads, noting the deceleration of growth and inflation after peaking, along with the Fed's ongoing commitment to fight inflation. He also shared updates on Small Balance Models and the CDC, including Cash Trigger adjustments and a performance review.

April 2023

Investment Committee Meeting

In our April meeting, the TRPG Investment Committee covered business and advisor support, NQ model usage and transition, feedback, issues, and suggestions. It also discussed satellite model refinements, including Multi-Asset Income and Defensive/Liquid Alternatives, introduced a new Sector Rotation Satellite Model, and provided a crypto update with options presented by Kevin Jaegers.

March 2023

Portfolio Allocation Review

All portfolios were reviewed by a Wealth Manager, and account allocation models were updated as needed.

March 2023

Investment & Wealth Manager Webinar

Chief Investment Officer Chris Bouffard, CFA, updated Wealth Managers on market trends, macroeconomics, and investment performance. He also discussed key business and advisor support topics, such as the Victory CDC Trigger being hit, new sectors in Sector Rotation for Q2, Schwab Money Market Funds transition, and collateral performance during a bear market.

March 2023

Investment Committee Meeting

In our March meeting, the TRPG Investment Committee discussed the transition of client Money Market Funds (MMFs) from Schwab Value Advantage Money Fund to Schwab U.S. Treasury Money Fund due to higher liquidity capacity and a minimal yield sacrifice. This decision was made in light of the unstable markets and banking sector vulnerability, with consensus among attending IC members. No changes were proposed for Fidelity Money Market Fund.

Q1 Trading Update

Trading Volume: $53 Million
# of Trades Placed: 10,292
Tax Loss Harvesting: $4,422,000

February 2023

Investment & Wealth Manager Webinar

Chief Investment Officer Chris Bouffard, CFA, updated Wealth Managers on market and macroeconomic developments, discussed model and fund performance, and highlighted refinements in Satellite Models, including the removal of interval funds and changes in allocations for Multi-Asset Income and Defensive Models, as well as the introduction of an aggressive satellite strategy in Sector Rotation.

February 2023

Investment Committee Meeting

In our February meeting, the TRPG Investment Committee covered business and advisor support, including the use and transition of non-qualified (NQ) models, and solicited feedback, issues, and suggestions. Additionally, we discussed refinements to our satellite models, focusing on improving Multi-Asset Income and Defensive/Liquid Alternatives and removing the interval fund TIPWX. We also introduced a new Sector Rotation Satellite Model, examined price momentum methodologies, and reviewed the various strategy options that TRPG will offer. The meeting also included a crypto update and presentation on TRPG's offering options by Kevin Jaegers.

January 2023

Portfolio Allocation Review

All portfolios were reviewed by a Wealth Manager, and account allocation models were updated as needed.

January 2023

Investment & Wealth Manager Webinar

Chief Investment Officer Chris Bouffard, CFA, updated Wealth Managers on markets and macroeconomics, including market trends and economic indicators. He also informed them about changes in investment strategies, such as the introduction of a new aggressive satellite strategy in Sector Rotation, while 401(k) recommendations remain unchanged. Additionally, he discussed the ongoing issue of the Debt Ceiling.

January 2023

Tax Organizers Distributed

The Tax team distributed all tax organizers to kick off Tax Season.

Q4 Trading Update

Trading Volume: $787 Million
# of Trades Placed: 101,800
Tax Loss Harvesting: $7,600,000

December 2022

Investment Committee Meeting

In our December meeting, the TRPG Investment Committee reviewed markets, models, and funds while also discussing the macroeconomic landscape, with a focus on inflation, growth, and recession risk. We highlighted upcoming portfolio changes, including adjustments to Core and NC portfolios, changes in the Multi-Asset Income Portfolio, and the introduction of new Non-Qualified Models and a Defensive/Non-Correlated Portfolio. These changes are slated for client implementation by mid-December.

December 2022

Investment & Wealth Manager Webinar

Chief Investment Officer Chris Bouffard, CFA, briefed Wealth Managers on upcoming model changes, Long-Term Capital Market Assumptions (CMAs), BRICS and currency, 401(k) Plan Lineups, new risk assessment tools, and potential AI resources.

December 2022

Portfolio Allocation Review

All portfolios were reviewed by a Wealth Manager, and account allocation models were updated as needed.

November 2022

Investment & Wealth Manager Webinar

Chief Investment Officer Chris Bouffard, CFA, briefed Wealth Managers on upcoming model changes, Long-Term Capital Market Assumptions (CMAs), BRICS and currency, 401(k) Plan Lineups, new risk assessment tools, and potential AI resources.

October 2022

Investment & Wealth Manager Webinar

Chief Investment Officer Chris Bouffard, CFA, briefed Wealth Managers on upcoming model changes, Long-Term Capital Market Assumptions (CMAs), BRICS and currency, 401(k) Plan Lineups, new risk assessment tools, and potential AI resources.

Q3 Trading Update

Trading Volume: $338 Million
# of Trades Placed: 43,100
Tax Loss Harvesting: $6,460,000

September 2022

Investment & Wealth Manager Webinar

Chief Investment Officer Chris Bouffard, CFA, briefed Wealth Managers on upcoming model changes, Long-Term Capital Market Assumptions (CMAs), BRICS and currency, 401(k) Plan Lineups, new risk assessment tools, and potential AI resources.

August 2022

Investment Committee Meeting

In our August meeting the TRPG Investment Committee conducted a comprehensive review of markets, models, funds, and the macroeconomic landscape, including inflation, growth, and recession risk. We discussed finalizing allocation changes for the changing macro environment, completed work on non-qualified, Multi-Asset Income, and Defensive Models, and addressed various business support activities, including family office onboarding, ETF Hierarchy development, and exploring alternative options. We noted a decrease in requests for advisor support in July and August, an increase in 401(k) account and prospect portfolio reviews, and ongoing efforts in advisor collateral development.

August 2022

Investment & Wealth Manager Webinar

Chief Investment Officer Chris Bouffard, CFA, briefed Wealth Managers on upcoming model changes, Long-Term Capital Market Assumptions (CMAs), BRICS and currency, 401(k) Plan Lineups, new risk assessment tools, and potential AI resources.

August 2022

Portfolio Allocation Review

All portfolios were reviewed by a Wealth Manager, and account allocation models were updated as needed.

July 2022

Investment & Wealth Manager Webinar

Chief Investment Officer Chris Bouffard, CFA, informed Wealth Managers about the shift from rate tightening to credit tightening and FITCH's U.S. Credit Rating downgrade while also stressing the significance of long-term returns and presenting the latest Capital Market Assumptions for improved client understanding of market and investment performance.

Q2 Trading Update

Trading Volume: $495 Million
# of Trades Placed: 41,500
Tax Loss Harvesting: $7,200,000

June 2022

Investment & Wealth Manager Webinar

Chief Investment Officer Chris Bouffard, CFA, briefed Wealth Managers on the current market conditions, noting the persistence of recessionary pressures, an alarming yield curve indicating recession, yet equities not reflecting this concern. He also introduced new sectors in the Sector Rotation strategy and highlighted the Q2 Client Investment Update for a comprehensive review of the first half and outlook for the second half of the year.

June 2022

Investment Committee Meeting

In our June meeting, the TRPG Investment Committee reviewed markets, investments, and models, including a macroeconomic update on inflation, growth, and recession risk. We discussed allocation changes, examined non-qualified and non-correlated defensive models, and added Fidelity Models to our materials. We also highlighted our successful inaugural client webinar, ongoing family office prospecting, increased demand for client calls amid market volatility, and advisor collateral development.

June 2022

Tax Projection Season Begins

The Tax team and Wealth Managers worked with clients to coordinate and execute Tax Projections.

May 2022

Investment & Wealth Manager Webinar

Chief Investment Officer Chris Bouffard, CFA, briefed Wealth Managers on the current market outlook, highlighting persistent recessionary pressures even though the market is not currently pricing in a recession. He also informed them about the transition back to Schwab Value Advantage MMFs and upcoming additions to their investment toolbox, including updates related to Goldman Select FDIC Savings and Goldman Securities Lending.

April 2022

Investment & Wealth Manager Webinar

Chief Investment Officer Chris Bouffard, CFA, briefed Wealth Managers on the current market's tug-of-war between interest rates and spreads, noting the deceleration of growth and inflation after peaking, along with the Fed's ongoing commitment to fight inflation. He also shared updates on Small Balance Models and the CDC, including Cash Trigger adjustments and a performance review.

Q1 Trading Update

Trading Volume: $920 Million
# of Trades Placed: 65,800
Tax Loss Harvesting: $1,100,000

March 2022

Portfolio Allocation Review

All portfolios were reviewed by a Wealth Manager, and account allocation models were updated as needed.

March 2022

Investment & Wealth Manager Webinar

Chief Investment Officer Chris Bouffard, CFA, updated Wealth Managers on market trends, macroeconomics, and investment performance. He also discussed key business and advisor support topics, such as the Victory CDC Trigger being hit, new sectors in Sector Rotation for Q2, Schwab Money Market Funds transition, and collateral performance during a bear market.

February 2022

Investment Committee Meeting

In our February meeting, the TRPG Investment Committee discussed portfolio adjustments related to the Russia-Ukraine conflict, including the expedited sale of non-US bonds. We also considered delaying the expansion of non-US equity due to European recession concerns, reviewed our approach to emerging markets, and highlighted opportunities in the technology sector for XT sales after a Nasdaq rebound.

February 2022

Investment & Wealth Manager Webinar

Chief Investment Officer Chris Bouffard, CFA, updated Wealth Managers on market and macroeconomic developments, discussed model and fund performance, and highlighted refinements in Satellite Models, including the removal of interval funds and changes in allocations for Multi-Asset Income and Defensive Models, as well as the introduction of an aggressive satellite strategy in Sector Rotation.

January 2022

Investment & Wealth Manager Webinar

Chief Investment Officer Chris Bouffard, CFA, updated Wealth Managers on markets and macroeconomics, including market trends and economic indicators. He also informed them about changes in investment strategies, such as the introduction of a new aggressive satellite strategy in Sector Rotation, while 401(k) recommendations remain unchanged. Additionally, he discussed the ongoing issue of the Debt Ceiling.

January 2022

Portfolio Allocation Review

All portfolios were reviewed by a Wealth Manager, and account allocation models were updated as needed.

January 2022

Investment Committee Meeting

In our January meeting, the TRPG Investment Committee covered risk assessments and model mapping, aligning the TRPG Risk Profile with the Riskalyze Risk Number. It also included a preview of the IWM Monthly Webinar, discussions on macro market rotation and model changes, collateral, and client communication, along with portfolio evaluation and diagnostics involving American Century and BlackRock.

January 2022

Tax Organizers Distributed

The Tax team distributed all tax organizers to kick off Tax Season.

Although our timeline spans the last three years, we have consistently delivered the same high level of support and service to our clients for two decades.