Allodium Investment Consultants

Hearing the news about a 1,000-point drop in the market might lead you to panic and make unwise investment decisions. However, it is important to remember that these large point drops might represent only a small percentage drop. Dramatic headlines make a bigger splash than reporting less sensational news. In his most recent blog, Saul Baumann, CFP®, AIF® discusses market volatility and unpacks the difference between percentage and magnitude. If you wonder how this affects you, click on the link below to catch "The Disciplined Investor Blog." https://lnkd.in/g4ZyZ9H #marketvolatility #magnitude #marketpercentage #investing

Join us in congratulating Kimberly Hamlin! We are excited to announce that Kimberly Hamlin from Allodium Investment Consultants has officially obtained her CFP® certification! Becoming a CERTIFIED FINANCIAL PLANNER(TM) professional requires extensive education, training, and adherence to high ethical standards. Some of the training areas for CFP® practitioners include financial planning, taxes, insurance, estate planning, investment planning, and retirement planning. They must also pass a comprehensive exam that tests their skills in applying their financial knowledge in real-life situations. CFP® professionals are required to adhere to a strict code of ethics and fiduciary duty geared to prioritize the client’s best interest. Their ongoing training allows CFP® practitioners to stay up to date with changing laws and market conditions. Kim Hamlin said, “My career goal has always been to help people. Helping people fulfill their dreams and enjoy life to the fullest. Earning my CERTIFIED FINANCIAL PLANNER(TM) certification gives me confidence that I have the knowledge and capabilities to provide meaningful and impactful financial planning advice to our clients.” If you want to learn more about Kimberly Hamlin, see her press release, and learn about the CFP Board certification process, click on the links below. Learn about Kimberly Hamlin: https://lnkd.in/gRaXwyAN Access Kimberly Hamlin press release: https://lnkd.in/g5xDcKJd Learn about the CFP Board certification process and requirements: https://lnkd.in/g-ExVZi #cfpboard #fiduciary #financialplanning

Allodium is thrilled to announce that our founder and Chief Executive Officer, David Bromelkamp, has written a book that is due to be released in early 2025! The book is titled "AdvisorSmart for the Individual Investor: Your Guide to Selecting a Financial Advisor to Get Better Financial Advice." Dave wrote this book as a guide designed to empower you in one of the most important decisions of your financial journey: selecting a fiduciary financial advisor who always puts your best interests first. You can learn more about this new book at www.AdvisorSmartBook.com You can get a reminder email notification sent to you on the first day of the book’s release by subscribing to the free AdvisorSmart newsletter here: https://lnkd.in/gWaxdxXz Subscribers will receive an email notification when the book becomes available on Amazon. #AdvisorSmart #AdvisorSmartBook #FeeOnly #NAPFA #FeeOnlyNetwork #Wealthramp

Four Tips to Prepare for Natural Disaster In his latest blog, Derek Van Calligan, CFP®, CIMA®, AIF® provides four tips that can help you prepare financially for a natural disaster, no matter where you live. During the fall of 2024, Hurricane Helene moved inland from Georgia to North Carolina, causing immense damage from flooding. Soon after, Hurricane Milton made landfall in Florida. Even if you do not live in a hurricane prone area, other disasters such as tornadoes, floods, forest fires or earthquakes could hit depending on where you live in the world. A few ounces of these preventive measures may forestall pounds of future strife. To learn about four tips to be financially prepared for disaster, catch Derek’s blog by clicking on the link: https://lnkd.in/g5w5TM6S #financialpreparedness #naturaldisaster #wealthmanagement

Do you have questions about capital gains taxes when you sell investments? When you sell an investment for more than you paid for it, there can be burdensome capital gain taxes realized in the year of the sale. Eric Hutchens continues his newsletter series called "Bringing Order to Your Investment Universe, Part 2: Transitions and Taxes." Eric will share strategies and tips to help minimize your tax burden. How much cash should you have on hand? Cash needs will vary with stage of life. In the Financial Planning Tip of our newsletter, we will cover different strategies depending on age or life circumstances. To learn more, click the link to access our newsletter. https://lnkd.in/gGDPBHwr #wealthmanagement #investing #taxbenefits

Thanksgiving reminds us that gratitude and generosity go hand in hand. This season, we’re reflecting on the importance of giving back to our community and investing in the future. At Allodium Investment Consultants, we’re committed to building a better tomorrow for all. Allodium donates a percentage of our profits to charity throughout the year. This Thanksgiving, Allodium contributed to twelve charitable organizations that team members selected. The team picked Sharing & Caring Hands, People Serving People, Warrior Canine Connection, Feed My Starving Children, Seed Savers Exchange, Catholic Charities Twin Cities, Inner City Tennis, Avivo, Warrior Dog Rescue, Big Shoe Ranch Ministries, Breast Cancer Research Foundation, and Junior Achievement. From all of us at Allodium, we wish you a holiday filled with gratitude, joy, and peace for the future. #thanksgiving #charitablegiving #peace

When we reflect on the concept of discipline, we often think about losing those five extra pounds or sticking to a sensible exercise routine. We often forget that investing takes a degree of discipline as well. What kind of discipline is involved? Investors do not always make sound investment decisions. Human emotions unwittingly cause investors to fail through self-destructive behaviors. These negative behavior could interfere with achieving optimal returns. However, sticking to the discipline of an informed, logical, and evidence-based financial plan can help mitigate the risk of making faulty decisions such as selling out of fear or panic. We can reduce emotional decision-making by adopting an investment structure that can reduce the number of decisions we need to make. A personal trainer can help us stay accountable in our workout regimen. In a similar way, your financial advisor is a financial “fitness coach” who can help you stick to your long-term plan. #evidencebased #fiduciary #disciplinedinvesting

Allodium is thrilled to announce that our founder and Chief Executive Officer, David Bromelkamp, has written a book that is due to be released in early 2025! The book is titled "AdvisorSmart for the Individual Investor: Your Guide to Selecting a Financial Advisor to Get Better Financial Advice." Dave wrote this book as a guide designed to empower you in one of the most important decisions of your financial journey: selecting a fiduciary financial advisor who always puts your best interests first. You can learn more about this new book at www.AdvisorSmartBook.com You can get a reminder email notification sent to you on the first day of the book’s release by subscribing to the free AdvisorSmart newsletter here: https://lnkd.in/gWaxdxXz Subscribers will receive an email notification when the book becomes available on Amazon. #AdvisorSmart #AdvisorSmartBook #CFP #Fiduciary #FeeOnly #BetterFinancialAdvice #NAPFA #FeeOnlyNetwork #Wealthramp

People often ask us, “What does Allodium mean?” or “Why did you name your firm Allodium?” We spent some time looking for a name that would reflect our position as an independent, fee-only investment advisor. Allodium is a historical legal term that refers to land owned independently, without obligations to a feudal lord or government. We believe that the concept of allodium represents the philosophical foundation of our firm’s fiercely independent approach to investment advice. We established our firm in 2005 because we wanted to provide a high standard of fiduciary care in serving our clients, independent from banks, brokerage firms, and other service providers. Our goal was to reduce biases to help us always act in the best interest of our clients. #feeonly #allodium #fiduciary

Allodium was thrilled to host acclaimed documentary filmmaker and author Mike Day (pictured right) for an in-person event on Thursday, October 24. Mike took the guests on a captivating journey through his personal experiences and adventures. Mike's stories focused on the unforgettable places, extraordinary history, remarkable people he encountered and the significant lessons about humanity he learned along the way. He also shared artifacts from his travels and read excerpts from his book, "The World Has a Big Backyard." Copies of the book were available free of charge to all attendees. To go along with Mike Day’s travel-based presentation, Allodium served a variety of hearty international appetizers such as pupusas from El Salvador, a selection of imported cheeses and meats, and Hmong noodles with four different sauces. Imported wines, craft beers, and soft drinks were also served. #travel #mikeday #theworldhasabigbackyard