January 2018 Market Update

Jose Palafox and Bill Friebel of Starfox Financial Services, LLC share a video update that reviews 2017 and the upcoming year.

Watch the video below for the January 2018 Update:

Starfox Financial Services, LLC does not provide tax or legal advise. Please consult with your tax advisor or attorney. This summary is courtesy of our CPA friends. Consult https://www.congress.gov/bill/115th-congress/house-bill/1/text for details.

Past performance is not indicative of future results. Starfox Financial Services, LLC makes no promises or guarantees. Investments will go up or down depending on market conditions. The information presented is general in nature and not specific to any investor. Please consult your advisor for how it may relate to you.

Download the January 2018 Update presentationCLICK HERE

Discussion Topics
▪ Tax Reform
▪ Market Update
▪ Outlook for 2018

Questions? Feel free to contact us:
➢ 281-764-2139 or 760-946-0700
➢ Jose Palafox, Founder, Advisor, Portfolio Manager – [email protected]
➢ Bill Friebel, CFP®, Partner, Advisor, Client Service/Planning – [email protected]

Misconceptions About the Market

What are misconceptions about the stock market? Jose Palafox of Starfox Financial Services talks about the market and why it’s important to have a financial advisor that’s working for you.

Questions? Contact Jose Palafox at [email protected]

Starfox Financial Services, LLC. is an independent Registered Investment Advisor (RIA) with a focus on serving the unique needs of the high net worth investor. Because we are an independent RIA, we are able to offer wealth building tools and advice without bias or conflict of interest.

Our in-house research team and tactical approach to wealth building and preservation offer a unique way to manage risk and address financial goals.

The Woodlands Texas Office Tour

Starfox Financial Texas Office Tour

Have you visited our NEW office and headquarters in The Woodlands, Texas? We are very excited to announce and celebrate the expansion of our financial advisory firm! Starfox Financial started in Southern & Northern California and has made way to the Greater Houston area.

Join Starfox Financial Services in celebrating the Grand Opening of The Woodlands Headquarters on Wednesday, October 4th, 2017 from 4 p.m. to 7 p.m.

 

The Woodlands Texas Community

The Woodlands, Texas was established in 1974 and has grown to be a beautiful master plan community.  This community has attracted notorious corporations such as Chevron Phillips Chemical, Huntsman Corporation, Woodforest National Bank, Baker Hughes, and McKesson Corporation.

Are you a young adult looking for a new opportunity? Have you thought about settling down for retirement? Whatever your situation may be The Woodland is the right place for you! There are an endless amount of amenities within a small distance from each other. This outdoorsy community is known for its parks, hike and bike trails, golfing, shopping centers, and much more. Come visit The Woodlands, Texas just 28 miles from Houston and stop by our new headquarters.

To learn more about The Woodlands has to offer visit read this article, Welcome to The Woodlands.

 

 

 

 

 

 

 

Location:
Parkwood One Building
10077 Grogan’s Mill Road (at Timberloch) Suite 475
The Woodlands, TX 77380

Celebrate our Grand Opening with us, meet our staff, join us for The Woodlands Area Chamber of Commerce ribbon cutting, and enjoy complimentary refreshments & hors d’oeuvres.

Please R.S.V.P. to Kassidy at [email protected] or call 281-764-8239

We look forward to seeing you at the celebration!

Security concept: Lock on digital screen

How the Equifax Hack May Impact you and How to Respond

Security concept: Lock on digital screen, contrast, 3d render

Equifax, one of the three credit monitoring bureaus, was hacked and about 44% of Americans (143 million) were impacted.  The hackers were able to access the names, addressed, Social Security numbers, birthdates, and possibly credit card numbers and driver’s license numbers.

According to Equifax, their investigation determined that the unauthorized access occurred from mid-May through July 2017. The company has reported that they found no evidence of unauthorized activity on Equifax’s core consumer or commercial credit reporting databases.

Rick Smith, Chairman and CEO of Equifax, gave a video report on the Cybersecurity Incident involving consumer data.

 

Were you impacted?

To check if you were impacted and enroll in Equifax’s free TrustedID monitoring, go to https://www.EquifaxSecurity2017.com/.  Click the “Potential Impact” and then Check Potential Impact” button to see if you were impacted.  The enrollment period ends November 21, 2017.

What to do if you were impacted?

Enroll in Equifax’s TrustedID credit monitoring which monitors all three credit bureaus for one year.  You will receive an enrollment date when it takes effect.  On this date, you can “lock” your credit report to prevent access to your Equifax credit report by third parties with certain exceptions.  When you need new credit, you can unlock it, and then lock it again after you’re done.

On an ongoing basis, it’s a best practice to review your free credit report annually from the three credit bureaus (Equifax, Experian and TransUnion) on https://www.AnnualCreditReport.com to spot suspicious activity or accounts you don’t recognize that may be signs of identity theft.

For more information on how to protect and manage your finances and wealth, contact Bill Friebel, CFP® at [email protected] or 281-764-8240.

5 Things to Know about the Fiduciary Rule

The Department of Labor’s (DOL) Fiduciary Rule is a new ruling effective Friday, June 9, 2017. The DOL’s definition of a fiduciary demands that advisors act in the best interests of their clients and put their clients’ interests above their own.

Sound familiar? That’s because Starfox Financial Services, LLC has been and will continue to be fiduciary, putting our clients best interests first.

Here are 5 things you should know about the new Fiduciary Rule:

1. The new rule requires advisors, brokers, and wealth managers to act as a fiduciary and adhere to the “best interest” or “impartial conduct standard.”
2. Brokers have to be more upfront, transparent regarding fees, commissions, and conflicts of interest. They must avoid using misleading statements and recommend retirement products in their client’s best interests.
3. The new rule only applies for advice or recommendations over 401(k)s and individual retirement plans such as Employee Retirement Income Security Act of 1974 (ERISA) covered plans and participants and IRAs concerning securities, property, third-party advisers/managers and distributions from a plan or IRA.
4. It’s still important to do your research and know if your advisor is commission-based, fee-based, or a combination of both.
5. Organizations will be given until January 1, 2018, to implement the compliance, operational, technology and process changes to support the exemption requirements and new advice standards.

Is your broker, advisor or insurance company following the new rule? What does this change mean for you and your retirement accounts?

Starfox Financial Services, LLC’s experienced team of advisors are here to answer your questions, concerns, and share how we put our clients’ best interests first – in the past, present and future.

We look forward to talking with you about your 401(k) and retirement plan. Contact us at StarfoxFinancial.com/Contact-Us

Sources:

1. http://www.investmentnews.com/article/20170609/FREE/170609938/dol-fiduciary-rule-takes-effect-but-more-uncertainty-lies-ahead

Welcome Wealth Advisor and Partner, Bill Friebel.

Starfox Financial Services, LLC welcomes Wealth Management Advisor and new partner, Bill Friebel, who joined the Registered Investment Advisor (RIA) based in The Woodlands, Texas and Apple Valley, California on March 24, 2017.

Friebel has been in the advisory and consulting business since 1994, previously working with Merrill Lynch for nearly 13 years as a Senior Financial Advisor and Wealth Management Advisor. Friebel stated, “I’m excited about starting this new partnership, while still residing and working in the same community that we all love to serve. In joining Starfox Financial Services, I look forward to becoming part of the team while continuing to work with professionals, business owners and their families to pursue their goals of financial independence and freedom.”

Friebel is a Past President and current member of the Rotary Club of The Woodlands along with fellow Rotarian Jose Palafox, owner and managing member of Starfox Financial. Friebel continues to actively give back to the community and puts “service above self” as Rotary Assistant District Governor, serving on The Woodlands Rotary Foundation Board, mentoring small business owners as a volunteer with SCORE, and is active with his church.

“We are honored to have Bill join Starfox Financial Services, LLC. Bill is a perfect addition to our team and without-a-doubt will act for the benefit of our clients above all else while providing an un-divided loyalty and effort,” Palafox shared.

Palafox has more than 20 years experience in the investment industry, having worked for two larger brokerages before starting Starfox Financial Services, LLC 10 years ago. Starting an RIA firm meant his clients and the community would have access to a true fiduciary advisor, one who had their best interests in mind not his own or the firms. Now, 10 years later, his business has expanded to both Northern California and Texas, serving the unique needs of the high net worth investor and clients throughout the country.

To learn more about Starfox Financial Services, LLC and the team, visit Bill Friebel’s Bio.