Navigating Uncertainty with Confidence

At CPC, we strive to live by a simple yet powerful principle: it’s not about what happens, but what you do about it. Recent months have been marked by shocking events, intense political debates, and ongoing discord between parties, all of which can understandably create feelings of uncertainty about our future. Amidst this period of uncertainty, here is what our team is doing on your behalf as your trusted partner:

1. Preparing for Potential Tax Changes: The Tax Cuts and Jobs Act (TCJA), one of the most significant tax reforms enacted by the Trump administration in 2017, is set to expire in 2025. Our Wealth Planning Team is analyzing the substantial implications this could have on your income and estate taxes. Additionally, they are thoroughly evaluating the tax policies proposed by the Trump and Harris administrations. We are focused on understanding these potential changes and developing strategies to help you leverage them to your advantage, should they pass. Your advisors will be reaching out to you early next year on any changes needed to your plan, once the election outcomes are clear.

2. Managing Your Investment Strategy: While our investment strategy is grounded in discipline and a focus on long-term success, periods of uncertainty can present unique opportunities. Our Research Team and Investment Committee, led by David Hunter, CFA, CAIA, and Blake Flood, CFP®, are closely tracking market conditions and potential policy changes. Your portfolio will be well-positioned to navigate market fluctuations and take advantage of new opportunities. If volatility increases around the election, our trading team is ready to implement tax-loss harvesting strategies to enhance your portfolio’s tax efficiency.

3. Increased Communication: Clear communication is essential in any partnership, especially during volatile times. In addition to your regular meetings, you’ll hear more frequently from your Wealth Advisory Team throughout the election cycle. We hope our recent webinar provided valuable insight and information that will prove beneficial as we navigate the current election period. We are also developing additional resources to help you better understand the election’s potential impact on your finances, including a dedicated resource page on our website for insights and practical guidance which can be found by searching ‘election’ on our website’s resources page.

Here’s wishing you and yours a wonderful fall season. Your financial wellbeing remains our top priority and we’re grateful for the trust you place in us. Feel free to reach out to us with any questions.