A Wealth Advisory Practice


Our website design reflects our desire to get to the point just like our advisory practice:

Nothing fancy, chock-full of content, and be as informative as possible!

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Welcome from Smith Patrick Financial Advisors. This is our new home on the web. We have moved from a more complex web design to a hopefully much simpler creation. The goal will be to be able to deliver the usual information like «who we are» and «how to contact us» while also providing our views on current events and more timeless topics. Enjoy and keep checking back for new content.

Here at Smith Patrick we have migrated our financial planning process to MoneyGuidePro. A major reason is the ability to be more interactive with clients in the planning process. This interactive and iterative process is very beneficial in our opinion. Which brings me to this blog post. One of the first changes to our past method is switching from a cash-flow method to planning using a goal-based method. The reality is that when discussing financial planning based on cash flow analysis or by setting goals, it is more about selecting an appropriate method to achieve a plan.

Market Observations for March 2017 After strong post-election moves, the financial markets continue to tread water. For instance as discussed in our November observations that the US 10-year treasury yield jumped to 2.37% at the end of November. The yield was 2.40% at the end of March. This is clear evidence of how informational efficient the capital markets are as they adjusted expectations given the US election results in November.

Market Observations for December 2016 November was a very active month. The biggest movement came from the jump in interest rates. The 10-year US Treasury jumped from 1.83% to 2.37% in the month. This was a trend that had begun back in July when the 10-year dropped below 1.4%. Much of the movement however was post presidential election. The US dollar index also jumped in November, which makes imports cheaper, but is a headwind for overseas investments.

When we look at developing a financial plan or investment strategy, we are interested in determining a household’s savings and spending profile. This in turn helps us generate a cash flow profile which along with current savings is one of the major cornerstones of developing client investment strategies. We find however that client’s often need some help with determining their budgets and more importantly – how to structure a budget.