Mayflower Moments - In the News

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.

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.

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 skeptiscism could prolong the market advance because there is so much potential that they haven't tappend 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!*

 "Squawk on the Street" - Larry says that in the short run, consumers are participating in the market but that employment needs to go up to continue this participation in the long run.  He also thinks that dividends are underappreciated in this market and suggests Verizon to take advantage of this.

Boston Herald, October 16, 2009

" Dow tops 10,000(again)"

 PLANADVISOR, October 9, 2009

Mayflower Advisors, LLC and Wells Fargo Advisors Financial Network do not act as a fiduciary and do not provide tax or legal advice. However, we will be glad to work with you, your accountant, tax advisor and or lawyer to help you meet your financial goals.

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 

 "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.

Wall Street Journal, July 1, 2009 

"Dow Rose 838.08 in Quarter"

Past performance is no guarantee of future results. Investments that are concentrated in a specific sector or industry may be subject to a higher degree of market risk than investments that are more diversified. Investments in commodities are speculative, involve substantial risk, and are not suitable for all investors. The Dow Jones Industrial Average (a registered trademark of Dow Jones Co, Inc.) is an unmanaged index composed of 30 common stocks. The S&P 500 (a registered trademark of the McGraw Hill Companies) is an unmanaged, index of common stock. The NASDAQ Composite (a registered trademark of Nasdaq Stock Market, Inc.) is an unmanaged index of common stock. The indices are presented to provide you with an understanding of their historic long term performance and are not presented to illustrate the performance of any security. Investors cannot directly purchase any index.

 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 portofolio 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.