Echo Blog

Echo Blog

Get to Know Jared Johnson, Our New Team Member!

By Echo Huang, CFA, CFP®, CPA

As my company successfully expands, I am pleased to welcome Amy Ng and Jared Johnson as the newest additions to our team. Both Amy and Jared started working here on June 11, 2018 and they are in training to be Associate Wealth Manager, overseeing and enhancing the Echo Dashboard and designing customized financial plans for clients.

These two distinguished individuals are passionate about serving people and they have various skills and strengths that will bring our company’s personalized services to a higher level.

Amy joins EWM with seven years’ experience in client administration, with three of those years specific to finance management. She graduated from Metropolitan State University Summa Cum Laude in 2017 with a BS in Finance. Amy currently studies for her MBA at Hamline University.

Jared is a recent graduate of Saint Mary’s University of Minnesota where he competed in NCAA hockey and graduated Summa Cum Laude in 2018 with dual Bachelor of Arts Degrees in Finance and Business Intelligence & Analytics.

They will enroll in a CFP® certification program soon to obtain comprehensive study of all areas of financial planning in order to become a CFP® practitioner in two to three years.

Get to Know Amy Ng, Our New Team Member!

By Echo Huang, CFA, CFP®, CPA

As my company successfully expands, I am pleased to welcome Amy Ng and Jared Johnson as the newest additions to our team. Both Amy and Jared started working here on June 11, 2018 and they are in training to be Associate Wealth Manager, overseeing and enhancing the Echo Dashboard and designing customized financial plans for clients.

These two distinguished individuals are passionate about serving people and they have various skills and strengths that will bring our company’s personalized services to a higher level. 

Amy joins EWM with seven years’ experience in client administration, with three of those years specific to finance management. She graduated from Metropolitan State University Summa Cum Laude in 2017 with a BS in Finance.  Amy currently studies for her MBA at Hamline University. 

Jared is a recent graduate of Saint Mary’s University of Minnesota where he competed in NCAA hockey and graduated Summa Cum Laude in 2018 with dual Bachelor of Arts Degrees in Finance and Business Intelligence & Analytics. 

They will enroll in a CFP® certification program soon to obtain comprehensive study of all areas of financial planning in order to become a CFP® practitioner in two to three years.

To learn more about Amy and Jared, please read their bios and see their pictures here on our web site:

http://www.echowealthmanagement.com/our-team

Let's learn more about Amy in addition to reading her bio.  She's answered these questions I asked this week:

  1. What excites you the most about your work?
    Being able to assist our clients in achieving their goals and of course building relationships!  As someone who values human connection, I revel in learning about the diversity of our clients.

What Should You Expect from Your Financial Advisor?

By Echo Huang, CPA, CFP®, CFA

You may be working with a financial advisor and wonder what you should expect from your financial advisor. You may be someone who is thinking of hiring a financial advisor as your financial picture becomes more complex and you really want to have an expert in your corner to help you better plan for your financial future. I’ve put together a list of expectations that I believe are important to consider when choosing or evaluating a financial advisor.

Savings Alone Won't Pay for College

By Echo Huang, CPA, CFP®, CFA

A college diploma opens the door to a lifetime of higher earnings. Based on Bureau of Labor Statistics, in 2016 dollars, Bachelor's degree holders earn nearly $1 million more over a lifetime than those who have only a high school diploma. Those with professional degrees earn over $2 million more. In addition, college graduates enjoy much better job security and opportunity, especially during economic downturns. Based on "The State of Entry-Level Employment in the U.S. March 2017" by The Rockefeller Foundation, seven in ten U.S. employers look for college degrees when hiring entry-level workers.

For many parents, college is one of life's most important, and expensive, investment goals. How much does it cost? How much can you expect from financial aid? How can you invest and earn more while borrowing less? I would like to answer these questions here and provide some strategies for successful investing.

Why Invest in Bonds?

By Echo Huang, CFA, CFP®, CPA

In the year 2017, the US Bonds’ return was just 3.54%, much lower than stock market returns. Globally, stock market returns were great in 2017: US Stocks (measured by S&P 500 Index) 21.83%, International Stocks (measured by MSCI EAFE Index) 25.03% and Emerging Market Stocks (measured by MSCI Emerging Markets) 37.28%. Bonds, they say, are a pretty boring asset class. The stock market is far more exciting. That’s where the biggest returns are found and it’s also the segment that the financial media tends to focus on.

Bonds have been out of favor for several years, with low interest rates not seen for several decades resulting in tiny yields. Why should you invest in bonds at all?

10 Money Management Tips for Teens

Echo Huang, CFA, CFP®, CPA

It feels just like yesterday when my daughter Nina turned one year old and was an adorable chubby little girl. She will turn 13 in three months! She loves reading, skiing, tennis, travel, choir and piano. Lately I find her watching Youtube videos on Minecraft for hours and she has created some intricate theme parks with rollercoasters and petting zoos. As a parent, I feel the urgency to teach her important skills before she goes off to college. Financial literacy and money management skills are critical for her success and happiness. So this blog post is written for her and other teens in your life.

  1. Write Down Your Needs vs. Your Wants. It's easy to spend money. What's not easy is spending money wisely. One way to help you spend money wisely is to separate your wants from your needs and spend money primarily on your needs. Try to think of the needs as immediate and what you will need in the next few months. Write down what you need with those costs in one column and write down what you want and those costs in another column. Ask yourself "Can I do without these wants?" and "Are there alternatives to my wants?". For example, you have decided that you need a cell phone. Is a used cell phone an alternative to a brand new cell phone freeing up money to spend on other items you need? Writing them down helps you prioritize your spending.

Echo Huang is Featured by Winona State University News Center Today

 

We are pleased to announce that Echo Huang, CFA, CFP®, CPA was interviewed by Maddie Swenson from Winona State University recently and is featured today in the “This is WSU” campaign:

https://news.winona.edu/11418/this-is-wsu-echo-huang/

Winona State University: A Community of Learners Improving Our World

Happy 3rd Birthday Echo Wealth Management!

By Echo Huang, CPA, CFP®, CFA

With thankfulness and appreciation for my friends, family, team and clients, I am excited to celebrate the 3rd birthday of Echo Wealth Management today! It has been a satisfying journey over the past three years of building a strong foundation for the business that focuses on taking the complexity out of wealth management. We have been blessed with amazing client experiences and the supportive efforts from our centers of influence, including attorneys, CPAs, insurance agents, business operations and technology partners.

It has been a very rewarding personal and professional experience along the way. We are now getting ready for more achievements in the next year, starting with hiring another new team member this spring as we now manage over $76 million for 57 households.

Should You Invest in Bitcoin?

By Echo Huang, CPA, CFP®, CFA

In the past year myriad stories of how some people have become super rich by buying Bitcoin have been circulating on the internet. Even my ballroom dance instructor asked me last December if I had been investing in Bitcoin and when it would be the right time to get in. With all the hype, do you feel you may be missing out if you don’t own bitcoins? Should you invest in Bitcoin?

Before you make a decision to invest in Bitcoin, it is critical to understand what it is and how to evaluate the price of Bitcoin along with its potential risks and returns.

Echo Huang, CFA, CFP®, CPA Awarded the Five Star Wealth Manager Award for 2018!

In conjunction with Mpls. St. Paul Magazine and Twin Cities Business, Five Star Professional has recognized Echo Huang with the 2018 Five Star Wealth Management award. Echo Huang has been a seven-year recipient (2012 - 2018) of this award.  She is among the 7% Twin Cities wealth managers to receive this award in 2018.

Check out Echo’s online profile and feel free to share it with your colleagues and friends who may be looking for a trusted wealth manager:

https://fivestarprofessional.com/Spotlights/11116

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