2024 Year End Client Letter
Navigoe recently mailed year end client reports to all of our clients. The letter below accompanied the reports:
January 2025
The Navigoe Crew wishes you a very Happy New Year!
As we begin the new year, we would like to take a moment to thank you for the trust and partnership you’ve placed in our firm. It’s truly a privilege to be part of your financial journey. We strive to honor your trust by staying at the forefront of the wealth management industry with our advice, services, and technology.
2024 Navigoe Recap
Before we turn the page on 2024, we would like to take a moment to share some of the successes that we enjoyed over the year.
Navigoe was voted “South Bay’s Best Financial Planning Company” by the Daily Breeze readers.
We continued our membership in 1% for the Planet. As a proud member, Navigoe has pledged to donate a minimum of 1% of annual gross revenue to tackle our planet’s most pressing environmental issues. Additionally, Navigoe has earned the Green Business Certification from the California Green Business Network.
Navigoe continued to advance our tax planning capabilities using industry leading software.
We welcomed our newest team member, Courtney MacGregor, who hit the ground running, learning the job and delivering excellent client service.
Notably, most new client households joining us this year resulted from current client referrals. Thank you so much for your continued referrals.
Economic and Investment Recap and Outlook
2024 saw the US stock market ending the year with strong returns, led primarily by technology stocks, particularly companies related in any way to AI. In fact, removing the top tech stocks and the broader market was much less spectacular.
The fundamentals of the top tech stocks are at record heights. What that is telling us is there are very high expectations for these companies to continue to increase profits from the worldwide adaptation of AI. Whether or not the predictions are correct, our globally diversified approach to the equity markets leaves us with plenty of opportunities for continued growth and provides some protection if there is a pull-back in the tech sector.
We are expecting there to be some major changes in U.S. tax laws in 2025. Trump has indicated that he would like to cut taxes for business. Additionally, the tax laws passed in his first administration are going to sunset at the end of this year. As a result, we expect taxes to be a major focus in 2025.
We appreciate the continued opportunity to advise you and manage your wealth. We will reach out in the coming months to schedule our Spring Financial Planning and Investment Review meeting. In the meantime, please do not hesitate to contact our office with any questions or assistance you may need.
Best Regards
Scott, Eric, and The Navigoe Crew