Things that Go Bump in the Night

Concern over slowing global growth and the strength of the US dollar caused a steep decline in global markets in the third quarter, erasing gains made over the prior twelve months. The S&P 500 ended down 6.4% for the quarter and -5.3% in nine months ended September.  International markets fared far worse with International markets, as measured by the MSCI EAFE index, was down 10.23% for the quarter and 5.28% for the year to date through September. Looking under the global hood, Germany down 10.2% in the June to September period, Japan off 14.1% for the quarter and Chinese A shares falling over 28% in the quarter to post a nearly flat return for the year.

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Buy the Umbrella before the Storm: The Importance of Flood Insurance

When thinking about risk management, floods – and by association, flood insurance – are often dismissed as a wasted expense or optional add-on. Buyers rationalize that flash floods and damage from rainfall are things that only happen to “other people.” It brings to mind Noah’s ark, surging rivers, and tsunami waves crashing on the coast.  Sadly, however, this is actually something that every person should be thinking about. Damage from elements, particularly water, can have a serious effect on your life.

The top three causes of flooding are:

  1. Too much rain
  2. Broken water main
  3. Clogged/blocked external drains

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Washington’s GET Program Updates Explained

Many parents in the Pacific Northwest choose to start saving early for their children’s education, including participating in Washington state’s Guaranteed Education Tuition (GET) program. However, as tuition starts lowering with the College Affordability Act, the state felt it was necessary to reevaluate the GET program. Board members announced this August that they would be implementing steps to protect participants who bought into the program and assumed tuition would rise. The plan, which goes into effect on August 19th, includes the following:

  • Refunds on amortization fees for investors who purchased credits after 2011
  • Reimbursements for GET credits bought after July 1st, 2015, and
  • Two-year suspension of new enrollments in the program.

Looking to find out how these updates affect you and your savings? The GET Committee provided the following frequently asked questions about what lower tuition means for the program:*READ MORE

Inside Our Internship Program

At Coldstream, we welcome the opportunity to take students into our family and introduce them to the business of wealth management. Through our internship program, we have been able to engage with and develop many students and are very proud of our program’s success. For a look inside what makes being an intern at Coldstream so valuable, we’ve interviewed two of our former interns who are now employed with our firm full-time: Jenny Dunne and Daniel Laris.

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Coldstream Recent & Upcoming Events Q3:2015

RECENT EVENTS

The past quarter has been busy for Coldstream and its employees! We celebrated our 19th Anniversary in April with an office party, and presented another great Strategas Market Update in May. We participated in the Eastside Baby Corner’s inaugural Diaper Drive, winning the “Preakness” Division by donating over 2,290 diapers. Plus, our head of business development Detlef Schrempf and his foundation raised nearly $1,000,000 for local children’s charities at their gala and golf events in June. A selection of Coldstream staff members attended the gala to support and congratulate their colleague.

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