In The News

In The News

 

Press Release

Boston, MA – April 3, 2020

"Mayflower Advisors Recognized Among 2020 Five Star Wealth Managers" – Mayflower Advisors’ Lawrence Glazer, Co-Founder and Managing Partner; Philip Stathos, Partner; John Wilcox, CFP®, Vice President; and Lowell Lyon, Wealth Advisor, were each recognized as Five Star Wealth Managers for 2020 by Five Star as featured in Boston Magazine. This is the eighth year for Glazer and seventh for Stathos to be named Five Star Wealth Managers; Wilcox and Lyon have been included four and two years, respectively.

Click here to learn more about Mayflower Advisors' Five Star Wealth Managers recognition.

 

Press Release

Boston, MA – March 19, 2020

"Mayflower Advisors Ranked Among Nation's Top Defined Contribution Advisor Teams" – The National Association of Plan Advisors (NAPA), an affiliate organization of the American Retirement Association, included Mayflower Advisors on its national ranking of top defined contribution (DC) advisor teams for 2019. This is the third consecutive year that Mayflower Advisors was recognized among the nation’s leading retirement plan advisor teams.

Click here to learn more about Mayflower Advisors' NAPA recognition.

 

MarketWatch

March 10, 2020

"MarketWatch" – This recent MarketWatch personal finance piece, “SEC Cracking Down on ‘Misleading’ Mutual-Fund Names,” addresses the recent Securities and Exchange Commission inquiry. The SEC notes, “Fund names are often the first piece of information investors see and they can have a significant impact on an investment decision.” Mayflower Advisors’ Managing Partner Larry Glazer emphasizes that marketing strategists often wield heavy influence. Instead, Glazer reminds investors to remain focused on fundamentals and long-term strategy: “We shouldn’t be investing in products based on exciting names. Your investments should be boring.”

 

Press Release

Boston, MA – March 10, 2020

"Forbes 'Best-in-State Wealth Advisors'" – This is the third consecutive year both Larry Glazer, Managing Partner, and Phil Stathos, Partner, are included on Forbes' ranking. Commenting on the recognition, Glazer notes, "It's an honor for each of us to once again be recognized among such an accomplished group of financial advisors and a true privilege to continue to work to offer our clients goal-based, conflict-free guidance they can trust."

Click here to learn more about Glazer and Stathos' 'Best-in-State Wealth Advisors' recognition.

 

Press Release

Boston, MA – March 3, 2020

"Mayflower Advisors Celebrates History and Education" – Mayflower Advisors is proud to sponsor The Mayflower’s ambitious restoration and steadfast commitment to education. Managing Partner Larry Glazer notes, “Mayflower Advisors salutes the courage, resilience and independence of The Mayflower’s passengers. It is an honor to sponsor Mayflower Sails 2020’s worthy mission to restore an American icon and educate generations to come."

Click here to learn more about the sponsorship.

 

Fox Business News

May 10, 2019

"Cavuto: Coast to Coast" – On Cavuto’s recent Fox Business program, Managing Partner of Mayflower Advisors Larry Glazer spoke about the “global implications of what we’re seeing today in Washington” in relation to tariff hikes on goods from China. For investors, this has been met by massive outflows and a sellout of major market averages. However, this will also have a great impact on businesses and American consumers who were unprepared for these changes. Businesses, says Glazer, can “absorb the first 10% tariff hike” by cutting into profits. A raise to 25%, however, will push the burden onto consumers. This is not merely an issue of Apple selling to China. These tariffs will increase prices of everyday goods from Walmart and Amazon, causing a cut in consumer spending, and potentially slowing the economy.

 

Fox Business News

April 12, 2019

"Cavuto: Coast to Coast" – Managing Partner of Mayflower Advisors Larry Glazer commented that “animal spirits are back and alive today.” This is not caused, however, by good expectations for the earnings season. Instead, other factors are bringing back investor confidence, including some return to value and banks outperforming the low expectations investors had for them. For earning to continue to grow, Glazer believes that it begins with the “global growth story,” in particular with China. Since their government frequently manipulates their economy, he says to “never underestimate China’s ability to stimulate their economy,” something which they have accomplished in the past by constructing entire empty cities. In the meantime, Glazer encourages investors to look beyond the “IPO craze” that is distracting them from better opportunities in important sectors like energy or financials.

 

CNBC

April 2, 2019

"Futures Now" – Although a strong IPO pipeline is typically seen as a good sign for the market, in recent CNBC interview Managing Partner of Mayflower Advisors Larry Glazer called the current “tech tidal wave” an “ominous sign for the market.” Reiterating his belief that this is the “year of the unicorn IPO,” the numerous enormous companies going public (Lyft, Uber, Airbnb, Pinterest) are exciting, but they can be frightening for the rest of the technology sector. “Shiny new toy comes at an expense,” says Glazer, by requiring portfolio members to clean out some of their older tech stocks. He urges investors to be patient for profitability, recalling how companies like Facebook struggled in their early days. The closed IPO window during the government shutdown created pent up demand so the market might be overwhelmed by all these openings. Following a complete turnaround from late 2018, Glazer will be keeping an eye on other opportunities that are getting passed over because of this excitement over tech.

 

Yahoo Finance

March 1, 2019

"The Ticker" – On Yahoo Finance’s recent episode of The Ticker, Managing Partner of Mayflower Advisors Larry Glazer took a bearish stance on technology stocks, citing concerns over how technology had become a “disproportionate percentage of the market” in late 2018. Those are the same conditions, he says, that led to the financial crisis and make markets vulnerable to correction. Glazer calls 2019 “the year of the unicorn,” looking forward to some exciting IPOs and new supply hitting the market. It will not be good, however, for existing tech stocks as they struggle to absorb that change. There are “tremendous opportunities” elsewhere to look out for in financials, energy, and emerging markets.

 

CNBC

January 17, 2019

"Futures Now" – Countering worries about the government shutdown, Managing Partner of Mayflower Advisors Larry Glazer asserts that the Washington gridlock can be bullish for stocks. While he acknowledges the harm to federal employees, investors actually tend to like less government involvement. Looking forward to the rest of the year, however, he does worry that companies will use the shutdown and China trade issues as “excuses to sandbag earnings and lower future forecasts” during earning season. Glazer advises investors to seek opportunities in areas that did poorly in 2018, such as small-caps or emerging markets. A changing political environment along with a more dovish Fed may be more favorable to those areas. He also reminds investors that Washington is not the center of the economy. “Small-cap Main Street America is resilient,” so he is keeping an eye out for the next FAANGs.

 

Market Watch

January 10, 2019

"MW Personal Finance" – Speaking to Brett Arends of MarketWatch in a recent interview, Managing Partner of Mayflower Advisors Larry Glazer commented on December’s “market meltdown.” The stock market drop happened quickly and Glazer says that “some investors couldn’t handle this volatility.” He recalls clients, particularly retirees, calling him earlier in the year, seeking to move their investments into the big tech FAANG stocks. While these stocks might have looked appealing, their previous high rates of growth are likely not sustainable. Market timing is key, and failure to notice this is a big mistake often made by investors in low-cost funds. Bad timing can end up costing investors more than what they save on fees so it’s important not to jump ship at the first sign of volatility. Glazer thinks that December lows will act as a “resetting of expectations.”

 

CNBC

January 3, 2019

"Closing Bell" – Trade tensions with China will affect more than just Apple, says Managing Partner of Mayflower Advisors Larry Glazer. With an overnight shift in Yen, he calls it the “tip of the iceberg” and an example of how relations with China are affecting the markets more noticeably than the Fed. During this time of being “heavily reliant on indexing,” Glazer notes that changes in Apple’s stock prices will affect large portions of the S&P 500, the Nasdaq, and the Dow, meaning that many investors will be affected as well. If trade issues are resolved, Glazer hopes investors can go back to focusing on the rest of the economy, such as realizing that the “bond bubble” everyone was worried about never really happened. Another worrisome aspect he notes is the practice of “dumping and jumping,” where investors tried to move everything into the FAANG stocks when they would have been better off staying the course. If they had not panicked, says Glazer, “the pain might not have been so bad.”

 

 

These excerpts from interviews in which the Financial Advisor participated. You may contact us to receive a copy of the full interview(s). The views expressed by the Financial Advisor are his own and do not necessarily reflect the opinion of Wells Fargo Advisors Financial Network or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. Additional information is available upon request.

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