Orlando, FL, June 25, 2009 - Starting July 1st, 2009, Schwab will waive commissions on electronic equity trades and reimburse transfer of account fees charged by contra brokers until June 30, 2010 if you are new-to-Schwab and Allgen Financial Services, Inc. You must open an account by the end of this year.
What does this mean for you?
Allgen custodies its clients’ accounts at Schwab Institutional. As we actively manage your investments, there will be no fees charged by Schwab for any trades conducted on your account for one year. This can mean significant savings for you. Depending on the size of the account and amount of trades, you could save thousands of dollars. In addition, you will be reimbursed any fees for moving your account to Allgen Financial Services, Inc. & Schwab from another institution. This makes it a great opportunity to consider moving your account over to us since this offer will most-likely only be available for a limited time.
If you would like to learn more about this offer, and/or consider moving your account over to Allgen Financial Services, Inc., please contact us today at: (407) 210-3888 or toll-free 1(888) 6ALLGEN (625-5436).
Few business owners or managers will cite payroll management as one of their favorite tasks. But, when does it make sense to outsource payroll operations? Here’s a quick look at the top reasons that businesses turn to payroll-services providers.
1. Cost. Big businesses can afford to maintain big payroll departments. For small businesses, however, an in-house payroll service is a money burner. There’s a very good chance you can save money by outsourcing your payroll operations. Figure out how many hours your employees are devoting to payroll-related activities and calculate how much you’re spending. Be sure to factor in the money your business spends on purchasing, printing and distributing checks, creating tax documents, and the like. Compare the amount to the plans offered by several payroll-services providers. You’ll probably be surprised by the result.
2. Productivity. Payroll management is a time-consuming activity. With this burden removed, your employees can focus on doing more productive things.
3. Accuracy. Payroll mistakes can be painful, angering employees and — more ominously — the government. A good payroll-services provider is far less likely to make a serious error than your in-house staff. Furthermore, if a big mistake is made, you can seek restitution from the provider — something you can’t do with your own employees.
4. Redundancy. In-house payroll activities are as reliabe as the people doing the work. With a payroll service, output speed and quality won’t vary when vacations or illnesses arise. You also won’t have to spend time helping new hires understand your business’s payroll system.
5. Speed. Since payroll-services providers are specialists with vast technical resources at their disposal, they can process even the most complex payrolls at lightning-fast speed. Unlike most employers, they can also accommodate a temporary influx of seasonal workers without acquiring new systems that will remain dormant the rest of the year.
6. Expertise. A good payroll-services provider will know all the ins and outs of payroll-related tax laws and regulatory mandates on the federal, state and local levels. Your employees could try to achieve the same level of understanding, but it would take a considerable investment in time and effort.
7. Accountability. If checks are delayed or paperwork is mishandled, it’s the payroll-services provider’s responsibility to fix things. If the provider can’t (or won’t) remedy the situation to your satisfaction, you have recourse. You can switch to another service provider in a snap. Try firing, hiring and training an in-house payroll staff in anything less than several weeks.
8. Flexibility. Boring, repetitive payroll work is like an anchor on your business. Your staff, when freed of rote payroll responsibilities, will be free to focus on other, more creative work.
9. Oversight. Do you have the time and energy to closely supervise your business’s payroll for time and rate abuses and other shady activities? Most payroll services firms have technologies that can spot and alert clients to various types of payroll fraud, such as salary manipulation and “ghost employees.”
10. Peace of Mind. There’s a lot to be said for the security that outsourcing payroll services can bring to a business owner or manager. No headaches, no hassles: You’re left to focus on running a profitable business.
Perhaps you, like many business owners, are ready to make a change to your current payroll process. If so, there are a number of variables to consider during your search for the right service. When you identify the needs of your organization today and in the foreseeable future, you should be able to decide upon a payroll provider which offers the capabilities to support your needs for years to come.
For more information about outsourcing your payroll process, please contact:
Debbie Sonntag
MasterPay USA
8879 West Colonial Dr., #154
Ocoee, FL 34761
(877) 374-1665
dsonntag@masterpayusa.com
www.masterpayusa.com
We are pleased to announce Kathryn Hite as the latest addition to the Allgen Financial Services’ financial advisory team. Kathryn joins Allgen Financial Services, Inc. after five successful years as a Regional Leader with Primerica Financial Services, Inc, one of the largest personal financial services firms in the world. Kathryn brings a background of expertise in life insurance, debt consolidation, mutual fund investment, variable annuities, and long-term care insurance to Allgen’s retirement asset management practice.
Kathryn is a graduate of Transylvania University in Lexington, Kentucky where she earned a Bachelor of Arts degree with dual majors in Accounting and Computer Science. Kathryn began her career as an internal auditor and held various positions throughout her career including Y2K Technology Project Vice President for AmSouth/Regions Financial Bank.
Senior Partner Paul Roldan said, “We are excited about having Kathryn Hite on our team. She provides a great blend of strong analytical skills and practical solutions to those in need of financial planning and investment guidance. Our future looks even brighter with Kathryn as a member of our team.”
The stock market had a positive day today in response to a few piece of positive news. The Financial Accounting Standards Board loosened the mark-to-market accounting rules which some say have severely hurt banks over the last year. Plus, Factory Orders came out better than expectations which increased optimism. The last piece of significant news today was that the European Central Bank cut its interest rate target.
From a technical perspective, the NASDAQ (chart below), which has been the leading index in the recent rally, hit two-month highs today. The NASDAQ is commonly believed to be a growth index. It broke above the resistance of 1600 and is approaching the next area of resistance its Jan. highs at 1665. Volume was robust which makes the move more significant. The recent rally has shown some bullish characteristics: Upward moves in the market have been on increasing volume and pullbacks have been on lighter volume. That means major market players (Pension, Mutual, and Hedge funds) are participating in the market more on the upside and when the market sells off it does so with less selling pressure.
Historically when the stock market comes out of a bear market the leading sectors will usually be growth oriented sectors. The stock market being a forward looking mechanism will anticipate what lies ahead and if you are currently in an economic contraction the next part of the cycle will usually be an expansion. Growth stocks usually perform well with the perception of upcoming expansion in the economy, thus if growth sectors lead it’s usually a bullish sign. Some of the growth sectors that have recently broke into new 4-month highs are Technology (chart below), Retail (chart below), Semi-conductors, Telecommunication and Internet Commerce.
If you currently experiencing a disruption in your career, Allgen Financial Services, Inc. has a Toll-Free Hotline at (888) 625-5436 for you to use in order to discuss your specific career and financial situation with a professional financial advisor.
Because so many people are experiencing job layoffs, Allgen has setup a hotline to make the job transition easier by offering advice on how to best make any necessary financial transitions. Your initial consultation is complementary, and is designed to help answer any financial questions you may have.
Allgen Financial Services also has established an RSS feed providing retirement financial information. The feed can be found at http://www.allgenfinancial.com/financialnews/feed. This feed is designed to provide critical information about the economy, financial market conditions, and Allgen’s investment strategy.
Orlando, FL, June 25, 2009 - Starting July 1st, 2009, Schwab will waive commissions on electronic equity trades and reimburse transfer of account fees charged by contra brokers until June 30, 2010 if you are new-to-Schwab and Allgen Financial Services, Inc. You must open an account by the end of this year.![[del.icio.us]](http://www.allgenfinancial.com/financialnews/wp-content/plugins/bookmarkify/delicious.png)
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