facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast blog search brokercheck brokercheck

Summary of Q4 & 2019

Financial markets had a great fourth quarter to cap an incredible year in 2019. Rather than our usual quarterly market review, we have published a market summary for the entire year as well as our annual letter.Selected blog posts from Q4:
  • With the IPO window opening up again, we published several primers on tax tools that can be used with low-basis stock. Prepaid Variable Forwards are not widely known, but can help investors unlock liquidity while deferring capital gains taxes. Similarly, Opportunity Zones and Qualified Opportunity Funds are a new strategy that can be used to both defer capital gains tax and avoid it on future gains.
  • For donors who own IRAs and are subject to Required Minimum Distributions (RMD), Qualified Charitable Distributions (QCDs) can be used to donate directly from an IRA to a charitable organization, which is potentially more tax-efficient. The recently passed SECURE Act may have created other planning opportunities related to this, although we are awaiting further IRS guidance.
We've Moved!

MFA's SF office has moved to the 35th Floor! A few other notes:

  • We remain in the same building at 44 Montgomery, but have moved to the 35th floor.
  • Our advisor team continues to meet with clients in both SF and Fremont (although our investment and operation teams have moved to Fremont).
  • Morling & Company (our affiliated tax and accounting firm) has moved to 29th floor (in addition to opening a new Orinda office to complement the existing SF, Larkspur, and Novato offices).
Portfolio Updates:

Clients can access up-to-date portfolio information 24/7 via our iOS or Android mobile app and/or client portal. For more detailed information, our team of financial advisors is always available to review portfolios, discuss specific investments and strategies, as well as answer any questions that come up.