Broker Check

Syntegra Private Wealth Group

We work with a broad range of clients to provide comprehensive financial planning, while bringing cooperation, synergy and integrity to every client relationship.

For the Closet Analytic in You

From time to time, we like to share just the analytical side of things.  If that is your cup of tea, then you will like the brief outlook on earnings and economic growth below from Ladenburg Thalmann Asset Management.

2021 Earnings Rebound

We’ve also added the link to the latest monthly update from Columbia Threadneedle Investments in their Returning to Normal series.

When will U.S. daily life return to normal?

 Be sure to check out both pieces and please call with questions, comments, or concerns so we can be of assistance.

Forbes 2021 Best-In-State

Forbes 2021 Best-In-State

Please join the Syntegra team in congratulating our founding partners, Tom Burke & Jeff Fiehler, on being included in the 2021 Forbes Best-In-State Wealth Advisors Ranking!

Forbes Best-In-State - Burke

Forbes Best-In-State - Fiehler

Forbes Best-In-State Wealth Advisors

The Forbes ranking of Best-In-State, developed by SHOOK Research, is based on an algorithm of qualitative and quantitative data, rating thousands of wealth advisors with a minimum of seven years of experience and weighing factors like revenue trends, assets under management, compliance records, industry experience and best practices learned through telephone and in-person interviews. Data is provided by the advisor and is not verified by Securities America. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Past performance is not an indication of future results.

Requirements to qualify include: seven years as an advisor; minimum of one year at current firm, with exceptions (acquisitions, etc.); advisor must be recommended, and nominated, by their firm; completion of an online survey; over 50% of revenue/production must be with individuals; and an acceptable compliance record. Quantitative factors that are reviewed include: revenue/production, with weightings assigned for each; assets under management (and the quality of those assets) both custodied and a scrutinized look at assets held away; client-related data, such as retention; portfolio performance is not a factor as audited returns among advisors are rare and differing client objectives provide varying returns. Qualitative factors that are reviewed are telephone and in-person meetings with advisors; compliance records and U-4s; advisors providing a full client experience that includes their service model, investing process, fee structure, and breadth of services; credentials; use of team and team dynamics; community involvement; and discussions with management, peers and competing peers.

American Rescue Plan Update

Congress has passed the latest phase of COVID-19 stimulus called the American Rescue Plan of 2021 and the President signed it into law on March 11, 2021.  This wide-ranging and expansive bill includes several relevant components, outlined below.

Recovery Rebates (i.e. stimulus checks)

The current legislation includes a third round of stimulus checks to be sent out to eligible Americans.  These are similar to prior checks but have a number of substantial differences.

  • The amount is $1,400 per eligible individual.
  • Eligible individuals include adult taxpayers and their dependents. This includes minor children, most adult children under 24 still enrolled in school, and any potential adult dependents you claim as such on your tax return. For example, a married couple with 2 minor children would be eligible for $5,600 ($1,400 x 4).
  • Income phase-outs for eligibility are based on income tax filing status and Adjusted Gross Income (AGI) and are shown below. Income below the lower limit will receive the full amount, income above the higher limit will receive nothing and income between the limits will receive partial checks.
    • Individual: $75,000-$80,000
    • Head of Household: $112,500-$120,000
    • Married Filing Jointly: $150,000-160,000
  • Eligibility will be determined based on the most recently filed tax return (i.e. 2019 or 2020). If you earned too much in those years to be eligible but your income drops for 2021 and you do become eligible, you can claim the credit on your 2021 tax return.
  • If your AGI in 2019 makes you eligible, but your AGI from 2020 will push you over the above thresholds, you should delay filing your 2020 return until the stimulus payment is received.
  • If you receive a stimulus check and your 2021 (or 2020 if you have not filed yet) income is over the thresholds, there is no “clawback” of these funds. In other words, if you receive the funds, you get to keep them.
  • These checks are an advanced payment of a 2021 tax credit. Therefore, the amount is not considered taxable income.

Enhanced Child Tax Credits

The American Rescue Plan includes an expanded Child Tax Credit (CTC) for 2021.

  • Taxpayers are now eligible for an increased CTC amount of $3,000 (up from $2,000) for qualifying children. That amount is increased further to $3,600 for children under the age of six.
  • This increase does come with an income phaseout, however. The excess credit is reduced by $50 for each $1,000 in income that exceeds the following thresholds:
    • Individual: $75,000
    • Head of Household: $112,500
    • Married filing Jointly: $150,000
  • The “normal” child tax credit amount of $2,000 per child keeps the existing phase-out ranges of AGI of $200,000 for individuals and $400,000 for married filers. Therefore, even if you phase out of the extra credit amount, you may still be eligible for the “normal” credit amount.
  • If eligible, this “extra” credit amount is to be paid in advance installments from July-December 2021. Therefore, rather than simply claiming it on your 2021 tax return, you will be getting periodic payments from the IRS to get the cash into your hands earlier.

Expanded Child and Dependent Care Tax Credit

  • Prior to this legislation, taxpayers calculated their Child and Dependent Care Tax Credit using a maximum of $3,000 of expenses for one qualifying child and $6,000 for two or more children. The new legislation more than doubles the qualifying amount of eligible expenses on which the credit is calculated to $8,000 for one child and $16,000 for two or more children.
  • This credit begins to phase out for taxpayers with AGI exceeding $400,000.

Unemployment Compensation

  • The enhanced Federal unemployment compensation benefits of an extra $300 per week have been extended through early September 2021. This includes the Pandemic Unemployment Assistance (PUA) program for which self-employed individuals are eligible.
  • 2020 unemployment compensation of up to $10,200 per individual will be considered tax-free for federal purposes so long as the taxpayer’s AGI is under $150,000. Note that this is a retroactive change for 2020 and may require amending your tax return; if this applies to your situation and you have already filed for 2020, you should consider amending.

Other Items of Note

  • Premium Tax Credits (for health insurance purchased through the exchange) have also been expanded to higher income taxpayers. Additional provisions extend more generous benefits to anyone who has been laid off for any period of time. Please reach out to your advisor to discuss if applicable.
  • The legislation also includes COBRA subsidies for employees involuntarily terminated from employment. Employers are eligible to receive a payroll tax credit for covering 100% of this cost from April to September 2021.

We will continue to monitor relevant legislation and provide you with updates if and when they occur.  As always, please reach out to our team if you have questions and we would be happy to meet and discuss.

At the Crossroads of Synergy & Integrity

We are excited to share that Syntegra Private Wealth Group was featured in St. Louis Financial, Fortune, Entrepreneur and Bloomberg Businessweek. The article highlights Tom Burke, CEO and President, Jeff Fiehler. In addition the article features what we do here at Syntegra Private Wealth Group and how we serve you. As this piece is about Syntegra we would be remiss if we didn't realize the important role you, our clients and friends play in making our team one of the best. Take a look at the article below!

As Seen In Fortune, Entrepreneur & Bloomberg Businessweek

Why you should choose us?

  • Built on a foundation of over 125 years combined experience in the financial planning industry.
  • We are a TEAM! You can rely on the advisors and supporting team members to provide the best possible advice and service, with the goal of enabling you to achieve your financial goals and dreams with peace of mind.
  • We are consistently ranked in various lists (Intra-company, Barron’s, Financial Times, Forbes) as top advisors in the industry*
  • You have the right to a financial analysis, plan and outlook WITHOUT extra fees.
  • *The CPAs on our team and the highly competent attorneys we work with will take a close look at your plans the first time at no additional cost to you. Together, we will create a synergistic plan for you.
  • We have well-thought-out diversification, accumulation and distribution strategies to help you achieve the lifestyle goals you have in mind for yourself.
  • We are here for YOU, we care about YOU and we have YOUR BEST INTEREST at heart. We operate with integrity, always.

* Securities America and its representatives do not provide tax advice.

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