Mayflower Moments - In the News

Boston Business Journal, June 24, 2011

"Mayflower Sails On" - Mayflower Advisors discusses the role of independent advice in the  aftermath of the financial crisis. (CAR 0611-5434)

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"Boston Business Journal Article"

CNBC, June 24, 2011

“Kudlow Report” –Oil prices have fallen four straight weeks and stock prices have been down seven of the last eight weeks; Larry Glazer agrees that oil and stock prices usually rise and fall together, but sees a positive, bullish second half of the year.  Changes in the fed policy should change the stock/oil relationship, and he hopes a stronger dollar will prevail.  Larry believes investors may need to change their investment strategies because the “old ones” aren’t working right now.

CNBC, June 6, 2011

“Power Lunch” –“Expectations were set too high” says Larry Glazer.  Meanwhile analysts are lowering their market expectations to a more “normal”, achievable level for the second half of the year, and he is encouraged to find possible opportunities in the market.  Larry believes investors should have a more disciplined strategy and possibly could find values in “old tech” stocks and companies that are mature dividend producers.  

WRKO AM Boston Radio

“Lunch Money” – Larry Glazer discusses dividend paying stocks on midday money talk radio.  He says that investors, mainly retirees, are reluctant to invest, but they need the income.  They no longer receive high interest rates on certain fixed income investments and need to replace this somehow. Depending on investor’s risk tolerance, investing in utilities, energy and healthcare could be some dividend based choices that Larry suggests. Larry goes on to add that investors need to reinvest dividends to start rebuilding their portfolios, but he also cautions not to have too much money in one sector, including utilities, which could be sensitive to rising interest rates.

CNBC, May 24, 2011

“Kudlow Report” – Larry is asked if Goldman Sachs saved the bulls when it raised its forecasts on oil prices, despite the fact that the overall markets closed down for the third day in a row while commodities including oil, gold, copper and silver all finished higher.  Larry cautions not to restructure your portfolio just because Goldman “said so”.  He also adds that this may not be a great environment for financials.  

TheStreet.com, May 18, 2011

The Federal Reserve’s most recent policy meeting suggests the central bank will not be raising rates anytime, which has lead to a gain in the energy and basic materials stocks. Larry Glazer suggest that this move into the defenses may be somewhat “exaggerated at this point”.  “Investors are looking at the Fed and wondering if there’s something in Fed policy that could prompt them to change their strategy.  They’re also unsure if the economy is slowing down so that’s causing them to take a cautious attitude.”

CNBC, May 12, 2011

“Kudlow Report” – Where do people invest? Larry Glazer takes a defensive stand on the question and on the current market. He believes that those investors betting on a weak dollar could be playing with fire.  Energy prices could come back, giving risk/reward, but believes in sticking with more defensive areas like health care and utilities which could be less vulnerable and possibly allow investors to participate and stay “in the game”.

CNBC, May 12, 2011

“Mid Morning Session” - Are you ready to retire? Do you feel your 401K is not up to par with your desires and needs? Steve Dimitriou may have the answer to what should NOT be in your 401K, gold. Gold, according to Steve, is already reachable in your S&P 500 stocks not to mention the potential of the historical high volatility of the commodity.

CNBC, May 2, 2011

“Squawk on the streets” – Markets open sharply after news of the killing of Osama Bin Laden.  Larry Glazer joins the morning show to discus the market. Larry suggests that investors may want to be “more defensive while still participating in this market.”

CNBC, April 21, 2011

"Kudlow Report" -There are pros and cons to the strong economic recovery, according to Larry Glazer. The good news is we see “impressive corporate earnings” in this “Teflon Market,” but he goes on to say the bad news is multi-year highs in commodities which, potentially, can lead to risk of inflation in the next quarter.

The Street.com, April 19, 2011

"10 Dividend Stocks Increasing Payouts" -  Market watchers are hedging against inflation and looking for rising income streams Larry told "The Street." He feels that investing in dividend paying stocks just makes sense in order to potentially generate higher returns with fewer risks. He goes on to say that Large-Cap dividend prayers are "back in vogue" compared to last year.

CNBC, March 29, 2011

"Kudlow Report" - The housing market is weak, stock market is light, and inflation is on the rise, Larry is concerned "something is wrong" that the housing market is not responding to what is happening around the globe. He believes that we have to be open to new ideas and try different angles. He goes on to say that consumers are weary and investors are afraid of the market. Larry suggests dividend paying stocks; or investing slowly and gradually in equity income stocks and areas that are less volatile. With all of the disasters going on in Japan (both human and economic) Larry believes the temporary economic disruption will not be felt during the first quarterly corporate earnings, but possibly the second quarter.

CNBC, March 23, 2011

"Kudlow Report" - Some people think we (United States) need to get used to seeing higher commodity prices; Larry Glazer does not think paying $120 or $130 (a barrel) for oil is going to be an easy thing to get used to. He feels that it is going to take some time, and explains that it is already taking a toll on Main street, which is starting to feel the anxiety and psychological impacts of higher oil prices, higher food prices and a weaker dollar, all of which is filtering down to Wall Street. Larry advises investors to "position your portfolio to help preserve yourself". He feels that the market has been very resilient and has been able to shrug off bad news, both foreign and domestic. Larry goes on to discuss the housing market and is "cautiously optimistic and encourage despite head winds".

Wall Street Journal, March 22, 2011

"U.S. Stock Rally Stalls" - Stocks are slightly faltering, as is Standard and Poor's and NASDAQ Composite, and investors are unsure about the Middle East, Japan's earthquake and oil prices. Larry is surprised at the market swing the past few days and says the previous sessions were driven by "bargain hunters."

CNBC, February 18, 2011

"Kudlow Report" - The Bulls keep charging, the market is up another 1% for the week, and Larry Glazer is afraid that investors are too focused on return and becoming "complacent." He goes on to talk about inflation, managing risk and returns, and how the equity market needs a "serious reality check." Larry says "investors are in denial over the impact of inflation on profits and some investors are asleep at the switch."

CNBC, February 14, 2011

"Kudlow Report" - As part of a panel discussion, Larry Glazer talks about today's Stock Market, inflation, and what it means to everyday people. Even though the stock market has almost doubled since March 2009 Larry is "cautious but optimistic," then going on to say "retail investors are showing a lack of discipline in the market even though inflation is still a real concern." He adds uncertainness about the significant long term consequences that could develop with interest rates on the rise, and what it could do to the Spring Real Estate market that had no job growth in sight.

Financial Advisor Magazine, December 27, 2010

"Why some advisors are opening a branch office" - Larry Glazer was asked about the important of branching out, even in this current age of consolidation; which he replies that opening the Westborough office (Aug. 2010) allows Mayflower Advisors to have a more face to face client contact and establishes a regional presence.

401(k)Wire's 300 Most Influential DC Advisors for 2011, November, 2010

Mayflower Advisors, LLC is pleased to announce that Steve Dimitriou, Managing Partner and John Wilcox, Financial Advisor have both been named to The 401kWire’s 300 Most Influential DC Advisors for 2011¹. This award depicts the strong focus that both Steve and John share in providing solutions for corporate retirement plans.

In addition, these 300 advisors are eligible to be nominated as finalists for the 40 Top Advisors for 2011 which will be announced on December 9, 2010 at the DCPI Conference in Florida.

¹401(k)Wire 300 Most Influential DC Advisors 2011: Selection was based on defined contribution plan practice size and growth, as well as votes cash by 401(k)Wire readers. Investment performance and client satisfaction were no considered. 300 advisors were selected from approximately 2,700 nominations solicited from 401(k)Wire.



Mayflower Advisors Proudly Announces New MetroWest Location, August 31, 2010
 
Premier Boston wealth advisory welcomes three seasoned financial professionals to its team and announces the grand opening of its new MetroWest office space.

WESTBOROUGH, MA – August 31, 2010 – Mayflower Advisors, LLC is pleased to announce the grand opening of its Westborough office. Along with the new location comes the hiring of three veteran financial professionals to the team. Both exciting developments mark the tangible onset of the firm’s expanding regional presence, as well as a continued commitment to top-tier client service.

Financial Advisors, John Wilcox and John Longo along with Administrative Manager, Pamela Shea will serve the MetroWest region from the new Westborough location. Mayflower’s newest team members bring over 30-years combined investment planning experience and bring notable capacity to serve the firm’s core markets: retirement plans for small-to-mid-sized businesses and individual private wealth management.

“During a time when many firms have been reducing both staff and services to clients, we are excited and relish the opportunity to build upon our successes and existing client base in what we consider to be a dynamic region,” says Mayflower co-founder and managing partner Lawrence Glazer. “Furthermore, we are pleased to announce the addition of three seasoned professionals who will each serve as a significant asset to our expansion efforts and on-going development as a firm.”

Through its new MetroWest location, Mayflower Advisors seeks to target a largely underserved market. The new office will be located at the intersection of Interstate 495, Route 9 and I-90, with convenient access for both the Metro West and greater Worcester areas. Glazer notes, “With the continued consolidation of the financial service industry, many local and regional firms have disappeared, yet the demand from both individuals and businesses seeking independent and unbiased advice continues to grow.”

During its decade of financial service to the Boston market, Mayflower Advisors has been an active member of the greater Boston community and plans to continue its civic involvement in MetroWest. According to Glazer, Mayflower Advisors “avidly welcomes the opportunity to expand its involvement with the MetroWest and Worcester regions. We are a locally owned firm and the principals of the new location are already heavily involved in the local business community. We look forward to serving our current and future clients in the region and partnering with local business.”



Mayflower Advisors Recognized for Leadership in Retirement Plan Industry

Co-founder Steve Dimitriou Recognized for Advancing Overall Quality of Companies’ Retirement Plan Performance

Boston, MA – Mayflower Advisors, a wealth management firm servicing affluent individuals, families and corporate retirement plans, today announces that firm co-founder and Managing Partner, Steve Dimitriou, has recently received two notable industry awards for his work with company retirement plans.

Dimitriou, coming off a year where he was named PlanSponsor Magazine’s Retirement Plan Advisor of the Year for 2009¹, has been named as one of the Top 40 Most Influential Advisors in Defined Contribution Plans by 401kWire²and one of the "Most Successful Retirement Plan Advisors" by PlanAdviser Magazine³. He was also a semi-finalist for the 2010 Morningstar/ASPPA Leadership Award⁴.

“Our firm is committed to advancing the interests of the average 401(k) participant and the companies that sponsor these retirement plans. Steve has excelled at every aspect of the job, from participant education to plan design. His effort to find the best investment options as well as the most cost-effective structure for each plan continues allows Mayflower Advisors to remain as a sought-after provider in the retirement plan business,” asserts Lawrence (Larry) Glazer, co-founder of Mayflower Advisors.

Mayflower Advisors, has more than $500 million under management as of June 30, 2010. “As the retirement plan industry continues to be scrutinized for improvements, it is satisfying to know that we are helping to lead the change that is making retirement plan investing better for individuals. Likewise, we are pleased that we are able to help companies offer a valuable benefit that is in line with today’s fiduciary standards,” states Dimitriou, who regularly provides commentary on retirement plan related issues for media outlets such as CNBC, Fox Business, WBZ, Fund Action and others.

¹Nominations were solicited online from retirement plan advisers, their employers and/or broker/dealers, and plan sponsors, as well as from working partners of these advisers, including investment vendors, accountants and attorneys, and pension administrators (advisers who have attained the PLANSPONSOR Retirement Professional (PRP) designation receive an automatic nomination). To enter the awards process, nominees must complete a form providing various details of their practice, including the details displayed here. These lists are based solely on quantitative factors, while the PLANSPONSOR Retirement Plan Adviser and Adviser Team of the Year awards consider both qualitative and quantitative factors, including factors not considered in determining the most successful lists.

²Finalist were selected from input from advisors nominated from 401k Wire 300 Most Influential DC Advisors and an analysis of objective criteria including the statistics about the advisors' practices gathered directly from the advisor. 401k Wire Most Influential DC Advisors nominations were selected from industry peers and sponsoring company’s editorial staff.

³PLANSPONSOR Advisers were selected from complete entries for the Retirement Plan Adviser and Adviser Team of the Year awards. Nominations were solicited online from retirement plan advisers, their employers and/or broker/dealers, and plan sponsors, as well as from working partners of these advisers, including investment vendors, accountants and attorneys, and pension administrators (advisers who have attained the PLANSPONSOR Retirement Professional (PRP) designation receive an automatic nomination). To enter the awards process, nominees must complete a form providing various details of their practice, including the details displayed here. These lists are based solely on quantitative factors, while the PLANSPONSOR Retirement Plan Adviser and Adviser Team of the Year awards consider both qualitative and quantitative factors, including factors not considered in determining the most successful lists. *Due to the differences in evaluation factors, finalists for the PLANSPONSOR Retirement Plan Adviser and Adviser Team of the Year awards are not necessarily included on the “most successful” listing.

⁴Nominations were selected by solicited entries from retirement plan advisors, their employers, plan sponsors and other various contributors to the retirement industry. These entries are based solely on completed forms and both qualitative and quantitative measures. ASPPA membership is neither a requirement for the Nominee. ASPAA staff, management and board members are ineligible to nominate. Production may be a factor in nomination.



Fox Business, June 18, 2010

Larry and Lloyd do a Father's Day special on Fox Business. After showing some old pictures of the two of them, Lloyd discusses the Mayflower business plan. He stresses that they dig deep into learning what the client's objectives are and they work to get those things done. Changing from a transaction commission business to a fee-based business helps the advisors to be on the same side of the table. Larry talks about how Lloyd has helped him by sharing his experience in the business. He also says that while they do not agree completely on everything, he believes that it is part of a good partnership. At the end, Larry surprises Lloyd by bringing his kids onto the set.



CNBC, May 28, 2010

"Power Lunch" - May 2010 it's a month that Wall Street wants to rewind and play again only with a different ending to the story. Wall Street had the largest monthly drop since November 2008.  Larry joins an afternoon panel to discuss whether investors should brace for selling in June or use the correction as a buying opportunity.  "I believe the volatility will continue after investors survey the damage of such a devastating month" states Larry.  He also thinks that investors should take this opportunity to rebalance their portfolios.  "A double-dip (in the market) is very, very rare and only happens a few times during a lifetime" he added.



Wall Street Journal, March 31, 2010

"The Risks of Rising Interest Rates" - With interest rates at extremely low levels, retirees have had to work harder to boost income from their savings. But as the economy recovers, the Federal Reserve might raise interest rates. On the plus side, higher short-term interest rates may provide relief to savers earning a measly 0.03% on money-markets. The downside is that higher rates mean lower bond prices and potential losses for investors who bought bonds funds in the past year. But losses could show up in less obvious places, such as preferred stocks. Many investors "have more interest-rate risk than they probably realize and in places they don't realize," says Lawrence Glazer.

Investing in fixed income securities involves certain risks such as market risk if sold prior to maturity and credit risk especially if investing in high yield bonds, which have lower ratings and are subject to greater volatility. All fixed income investments may be worth less than original cost upon redemption or maturity.



CNBC, March 10, 2010

"Squawk on the Street" - With the market going down, Larry says that he tries not to focus on the short term fluctuations of the markets and look more towards the long term. He also talks about how although it may not be rational, it is understandable that people are afraid of the market because of how painful the past ten years have been. However, says Larry, looking over the past 20 years the market has been far less painful, but investors memories tend to be short and that is why people are staying out of the market.


Wall Street Journal, March 10, 2010

"Even The Rich Can Be Dumb About Money" - Even some of the richest people are dumb with their money. Larry Glazer sees this all the time. "We work with very sophisticated investors," he says, "some of whom actually work in venture capital and investment banking, but they still lack basic financial literacy skills." Glazer cares about this issue as he does volunteer work for the JumpStart Coalition, which promotes the teaching of financial literacy to children of all ages in public schools. The goal, says Glazer, is a next generation of adults who live within their means, avoiding untold stress and frustration. But the bigger picture is preventing a future financial meltdown.



CNN Money, March 9, 2010

"Stocks muster gains; Nasdaq at 18-month high" - Stocks managed gains Tuesday at the end of a choppy session as investors mulled the latest corporate deal and profit news on the anniversary of the bear-market bottom. On March 9, 2009, the Dow ended at a 12-year low of 6,547.05, as months of stock weakness in response to the financial market crisis pushed the blue-chip average to its nadir. Since then, the Dow has gained 61.2% through Monday's close, ending at 10,552.52. But the pace of the advance has slowed this year, as investors have gone from pricing in an economic recovery to waiting for evidence that the recovery has legs. A still abysmal job market and ongoing weakness in housing and consumer spending have dragged on sentiment. Worries about a European debt crisis and the impact of China slowing its growth have also been in play. But the ongoing skepticism of the so-called average investor, or retail investor, coninues to give the market some support. "You've seen this massive rally over the last year, but it hasn't coincided with the retail investor really participating", said Larry Glazer. Also, nervous investors who dump stocks for cash or cash equivalents are getting minimal or non-existent returns, he said. "The retail investor skepticism could prolong the market advance because there is so much potential that they haven't tapped into yet," he said.



Employee Benefit News, March 1, 2010

"Painting a realistic retirement picture" - A proposal to require plan sponsors to project participants' 401(k) account balances into lifetime income comes with a lot of potential problems. About this proposal, Steve Dimitriou says, "I think [the Senate proposal] is potentially dangerous because it can give people a false sense of security or, on the flip side, maybe an unjustified sense of desperation. Maybe it's based on a 6% rate of return, yet the person is sitting all in money market so they're never going to reach that. Or they're invested aggressively. That projection has nothing to do with the reality of their investments."



STL Today.com, February 28, 2010

"Be prepared: Rates will rise again" - Days after the Federal Reserve seemed to sound the alarm that the era of near-zero interest rates is ending, Chairman Ben Bernanke tempered those expectations a bit this week. Just because the Fed boosted the rate it charges banks, he told Congress, doesn't mean it will move any time soon to boost broader interest rates. Nonetheless, it behooves investors to be ready, regardless whether rate hikes come in the scond half of 2010 or next year. Despite what some may think, moving toward higher rates will be good news in many ways. But higher rates are bad for bonds and may make some other holdings less appealing too. So investors should take a close look at what they own. "It's a wakeup call," says Larry Glazer.



CNBC, February 9, 2010

"Power Lunch" - Larry discusses the surprises that investors have faced and what to do about the uncertainty in the market. He says that initially, the problems with Greece seem to be an isolated issue.



CNN Money, February 8, 2010

"Debt fears drag Dow below 10,000" - As major indexes have been on a decline for four weeks in a row, investors continue to worry about the U.S economy and European debt. In the article, Larry Glazer is quoted as saying, "Investors may have priced in a tepid recovery in terms of their strategies, but they haven't price in sovereign debt issues. That factor, plus companies reporting decent earnings but seeing no response, is having an impact right now."



Fox Business, December 30, 2009

Larry is asked about ways to avoid selling stocks when they're low and buying when they're high. He talks about managing volatility and realizes that in recent history, laggards are becoming the winners.

Past performance does not guarantee future results.



CNBC, December 30, 2009

"Squawk on the Street" - Larry discusses what he's looking for in 2010. He says that there is an uncertain outlook for the New Year. Larry believes that it is important for investors to pursue year end portfolio rebalancing.



CNBC, December 19, 2009

"Squawk on the Street" - Larry is asked whether or not he believes there will be a Christmas rally. Larry believes that there are opportunities in the market if investors can be patient. Larry also says that the market has poor "feng shui" because he hasn't seen the material revenue growth that investors hoped for and doesn't believe there is a sustainable foundation for true economic growth.



OpenForum.com, December 9, 2009

"A New Type of Pension Plan That Small Businesses Could Love" - There is a new type of pension plan that is called a Defined Benefit (k) or DB (k) which is a hybrid of a defined contribution 401(k) and a defined benefit plan. Steven Dimitriou thinks that this will be particularly good for small businesses. "What this is really going to be useful for are small employers with fewer than 10 employees - and it will be particularly for groups like doctors practices and law offices where you have owners with lots of tenure and younger and lower-paid employees without quite as much tenure," he said.



CNBC, November 19, 2009

"Power Lunch" - Larry advises investors to be cautious. He also suggests rotating portfolios into potentially higher yielding dividend paying stock and to take advantage of the fact that investors may not have to pay a premium for quality. Dividends are not guaranteed and are subject to change or elimination.



PLANSPONSOR Magazine

Mayflower Advisors congratulates Steve Dimitriou, Managing Partner, as 2009 PLANSPONSOR Magazine Retirement Plan Adviser of the Year!¹

Steve was selected from more than 550 nominations, which acknowledges the efforts of retirement plan advisers in helping make retirement security a reality for workers across the nation.

PLANSPONSOR magazine is a publication reporting on retirement issues and benefits programs.

¹Criteria was based on a series of qualitative and quantitative measures, including input drawn directly from plan sponsors whose programs benefit from advisors' services. Quantitative measures included the ability to demonstrate an impact on plan participation, deferral rates, cost savings, and/or service enhancements. Please Note: The opinions expressed for each news story are not a complete analysis of every available material fact and reflect our opinions as of the date of the interview which may change due to market events. There is no guarantee that any of the forward looking statements said during this interview will be attained. The views expressed by the other speakers are not necessarily the views of Mayflower Advisors, LLC or Wells Fargo Advisors Financial Network.



CNBC, September 1, 2009

"September Market Outlook" - In this article, Larry Glazer discussed what he believes is driving the market. September has historically been a challenging month and sentiment has become complacent in investors. What appears to be driving these investors is liquidity. Larry currently favors high quality dividend payers; this area is lagging in the market. 90% of money in mutual funds has been moved to bond funds year to date. Therefore, Larry thinks the next logical place to search for yield is high quality dividend payers, when appropriate. He believes these stocks are less vulnerable because they haven’t participated or led the market.



CNBC, August 28, 2009

"Financial Advisor Network" - This article discussed whether investors should worry about inflation proofing their portfolios. For the short term, it does not appear to be a problem, but Steve thinks its going to come into play over the next couple of years. Investment choices in 401(k)s are a little more difficult because fund menus are limited.



CNBC, August 13, 2009

"Treasury Investigating 529 College Savings Plan" - In this article, Larry Glazer defends 529 plans because he feels the real problem is the rising cost of college. These plans are self directed. He recommends investors avoid aggressive investment options. Larry thinks there is a lack of education on how these programs work and it is the financial service’s responsibility to educate people. Investors need to pay attention to them and actively manage them. Additionally, he thinks parents need to change lifestyle expectations and save more at a younger age. Lastly, Larry feels investors should be more conservative and take control.

Please consider the investment objectives, risks, charges and expenses carefully before investing in a 529 savings plan. The official statement, which contains this and other information, can be obtained by calling your financial advisor. Read it carefully before you invest.



Fox Business, June 21, 2009

"Father's Day Special" - Lloyd discussed how, ironically, Larry was the one teaching him. Larry directed his father in many areas such as changing their business to fee based. Larry says they don’t always agree on everything but the timeless advice he has learned from his father is something he can always pass on to their clients. He also discussed how there is no substitute for life experience. The best advice they can give their clients in times like these is to stay calm, because markets are fairly cyclical and the recession will eventually pass. Lloyd, having lived through two recessions, is confident of this. Lloyd also discussed debts and deficits and how it will be a jobless recovery which should keep inflation low in the near term. He expects higher rates to soon return.



Smart Money, June 19, 2009

"5 Father-Son Teams Share Investing Secrets" - Larry and Lloyd Glazer discussed the advantages of working together and how their business came about. They decided to start their own practice when their current company, Advest, was acquired by Merrill Lynch in 2005. This has worked out wonderfully for them as has their transition to a fee-based structure from a commission-based one. Larry says the most important thing he learned from his father was the knowledge he has gained from a very young age on subjects talked about at the dinner table, such as debt and leverage.



Fox Business, June 5, 2009

"Time to get back in?" - Many are wondering where they can jump in the market after they have missed the spring rally. Larry discussed how human nature is alive and well and the swing in human emotion is a challenge for the business. Managing emotion can be difficult. Larry says we should simplify it and look for what you can control and what you can’t. There are a lot of opportunities in the market; investors just need to be patient.



WBZ television, April 24, 2009

"Credit Card Reform" - Steve discussed how missed payments on any debt may change an individual's credit report. This can allow credit card companies to increase interest rates on existing accounts, which is a common practice for them. Barack Obama suggests a credit card holders’ Bill of Rights which will: ban unfair increase in interest rates, end confusing terms and conditions, post contracts online and establish more oversight. If the bill of right passes, consumers may find it easier to get out of debt. However, Steve warned that consumers could still face high interest rates. It will still be possible for companies to raise rates which could throw off consumers' budgeting plans.



CNBC, April 9, 2009

"Smart Moves for your 401k" - Steve Dimitriou discussed ways to possibly improve "hurt" 401k plans. He does not suggest dollar cost averaging and believes allocating to time the market is a bad idea. He thinks people should revisit their risk tolerance and make sure they are allocated accordingly. He views this as an opportunity for investors to rebalance their portfolio but advises investors to make sure they stay consistent with their risk tolerance.

Past performance is no guarantee of future results. The views expressed by William Jordan are his own and do not necessarily reflect the opinion of Mayflower Advisors, LLC or Wells Fargo Advisors Financial Network and its affiliates. Dollar cost averaging and asset allocation do not ensure a profit and cannot protect against a loss in a down market.

Wells Fargo Advisors Financial Network did not assist in the preparation of these reports, and its accuracy and completeness are not guaranteed. The opinions expressed in these reports are those of the author(s) and are not necessarily those 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. Past performance is not a guarantee of future results.  Dividends are not guaranteed and are subject to change or elimination. Investments that are concentrated in a specific sector or industry may be subject to a higher degree of market risk and market volatility than investments that are more diversified.  Investing in commodities (including gold) is not suitable for all investors.  Exposure to the commodities markets may subject an investment to greater share price volatility than an investment in traditional equity or debt securities.