2015 FIVE STAR WEALTH MANAGEMENT AWARD
We are once again pleased and humbled to announce that we have been selected as Pittsburgh area 5-Star Wealth Managers and are featured in the July issue of Pittsburgh Magazine. As always, we're excited to share this accolade with our clients, peers, and friends of InterGen Advisors. Our success is a direct reflection of the relationships we have with all of you and we appreciate your ongoing trust and support.
Five Star Professional, a third-party research firm, identified pre-qualified award candidates based on industry data and nominations it may have received from various industry firms and individuals in the surrounding area of the candidate. Self-nominations were not accepted and candidates do not pay a fee to be considered or placed on the final list. Award candidates were evaluated against objective eligibility and evaluation criteria including, but not limited to: Credentialed as an investment adviser representative. Actively employed as a credentialed professional in the financial services industry for a minimum of five years. Favorable regulatory and complaint history review:
(1) has not been subject to a regulatory action that resulted in a license being suspended or revoked, or payment
of a fine; (2) has no more than three settled or pending customer complaints filed against them (excluding dismissed complaints) with any regulatory authority or through Five Star Professional’ consumer complaint process; (3) has not individually contributed to a financial settlement of a customer complaint; (4) never filed for personal bankruptcy; (5) never been convicted of a felony.
Accepting new clients. The inclusion of a candidate on the final list should be not construed as an endorsement of the candidate by Five Star or any other organization. The Five Star award is not indicative of the advisor’ future investment success and may not be representative of any one client’ experience. Further, there is no guarantee that the selected advisor will be awarded this recognition by Five Star in the future. For more information on the Five Star award and the research/selection methodology, go to www.fivestarprofessional.com.
OUR OFFICE IS MOVING
InterGen is excited to announce that we are expanding our office space in anticipation of growth in the coming years. Our new office space is only a few doors down in the same building complex. The new address is:
1386 Old Freeport Road, Suite 2APittsburgh, PA 15238
Our move is scheduled to take place starting the afternoon of Thursday, October 30th through Friday morning October 31st. During these days there may be brief periods of time that we are unable to answer our phones. If you call at this time please leave a message and we'll get back to you ASAP. Please also be advised that the actual phone system will be down briefly on Friday morning as the phone techs disconnect the lines to move the service to the new space. We should, however, be up and running again smoothly by lunch time on Friday. If you have an urgent/time sensitive matter that cannot wait until after this time please call 724-513-9537.
By Monday, November 3rd it will be back to business as usual in the InterGen office. We would love to have you come and visit our new space. If Angela hasn’t contacted you recently to set up an account review, please call at your earliest convenience to get on the schedule and come see our new office! Our phone number hasn’t changed: 412-406-8070.
Thank you,Sean, John, and Angie
Sean and John Barbour are pleased to announce they have again been selected as Pittsburgh area 5-Star Wealth Managers and will be featured in the upcoming July issue of Pittsburgh Magazine. Please see the attached direct link to our article to read about the criteria for our award selection.
As always, we are pleased to share this accolade with our clients, peers, and friends of InterGen Advisors. Our success is a direct reflection of the relationships we have with all of you and we appreciate your ongoing trust and support.
Thank you again for your confidence and keep an eye out for the July issue of Pittsburgh Magazine!
Sean and John
Sean Barbour of InterGen Advisors, LLC, an independent financial services company in Pittsburgh, PA, announced today that he has signed a definitive agreement to purchase all of the outstanding equity of InterGen Advisors. InterGen Advisors serves over $100 million in assets across more than 200 family accounts in 22 states of the USA.
Sean Barbour, newly appointed President of InterGen Advisors commented, “In 2007 my partner John and I realized the need to leave the large brokerage firm environment, envisioning an independently owned family business where the interests of our clients would always come first. Today is an important next step in our vision as we transfer ownership of InterGen Advisors from one generation to the next to assure continuous independent operation for decades to come.”
John Barbour will remain with InterGen Advisors in his role as Branch Manager, maintaining client contacts and assisting Sean with the design and direction of client investment strategies. Commenting on the ownership change, John said, “I am very pleased that InterGen Advisors is in trusted and capable hands and that there will be no unsettling changes for my loyal clients of many years. I am excited for the future of InterGen and my continued role with Sean and our clients for years to come.”
It is with great pleasure that we announce the return of Angela Bruno to InterGen Advisors on October 1st, 2013. Many of you already know "Angie" from her association with A.G. Edwards and previously here at InterGen Advisors. With over 20 years of industry experience, Angela is a fully-licensed service professional who will oversee the daily administration of InterGen Advisors. Having first served with John beginning in 2000, Angela will be responsible for all phases of the firm's technology, information processing and client services. We encourage you to contact Angie and welcome her back to InterGen Advisors.
We are pleased to announce that InterGen Advisors has made the list of FiveStar : Best in Client Satisfaction Wealth Mangers as named in the upcoming (July 2013) issue of Pittsburgh Magazine. This is the fifth time we have been named. Fewer than 7% of all wealth managers in the Pittsburgh area made this list.
We were selected based on survey responses from thousands of consumers and financial service professionals in the Pittsburgh area. We encourage you to pick up the July issue of Pittsburgh Magazine. We will also forward you to an electronic reprint of our upcoming appreance in Pittsburgh Magazine when it becomes availalbe in early July.
We thank you for your confidence in InterGen Advisors.
The July issue of Pittsburgh Magazine is now available at the newsstand. In this issue we were named to the list of “Five Star” Wealth Managers for the fourth consecutive year. We have attached an electronic link (see below) that will direct you to a reprint of our appearance in Pittsburgh Magazine. We are grateful and humbled by this recognition and thank you for your confidence in InterGen Advisors.
InterGen Advisors 2012 5-Star Wealth Manager Accolade
INTERGEN ADVISORS LOCATION CHANGE
InterGen Advisors is pleased to announce that we’ll be moving our office to a new location in Fox Chapel, Pittsburgh on Monday, January the 30th . Our address and phone number will be changing. Our new contact information will be as follows:
InterGen Advisors1370 Old Freeport Rd. Ste 2APittsburgh, PA 15238(P) 412-406-8070 (F) 412-406-8071
Please update your records and speed-dials to reflect the new changes to take place on January 30th. We will still be available at our current location/phone number until the close of business on January 27st. Updates will be made to our website’s “Contact Us” tab to reflect the changes.
Please keep in mind this is only an office location change for us. This move will have no effect on your current accounts and requires no action on your part.
Thank YouJohn and Sean
Editorial On Market Volatility9/09/2011
Back in 2003 an aggressive young Manhattan D.A. named Elliot Spitzer decided he had a big problem with some members of the mutual fund industry. The D.A. uncovered a small number of investors who were selling shares of their own mutual funds one day and then buying them back the very next day. This type of short term fund trading was allowable in many funds but was clearly at odds with the longer term “buy and hold” strategy of the vast majority of shareholders. The short term traders learned they could frequently make profits by selling or buying their mutual fund shares based on how foreign markets had closed 12 hours earlier. The D.A. had no problem with them making profits. The problem was the increased costs and higher volatility the short term traders were creating for the other shareholders. So D.A. Spitzer became the champion of long term fund investors by forcing fund companies to limit and/or penalize short term trading in their funds.
Fast forward to August 2011. Millions of long term investors in mutual funds, 401k’s, pension funds college plans and IRA’s must now concern themselves with a new wave of short term trading. I’m not referring to mutual fund shares in one day and out the next like back in 2003. That’s a snail’s pace by comparison to the new practices. Now speculative trading takes place hour by hour, minute by minute and even over the course of seconds based on mathematical computer models designed for quick profits. On several days in August 2011 this type of trading helped swing the DJIA back and forth by hundreds of points in less than one hour!
Arguments for and against this type of ultra-short term trading depend on who you listen to. The “Quants” and others who direct this trading argue that their activity provides much needed liquidity which is good for markets. The other side, long term “buy and holders,” with serious life goals riding on their 401k’s and IRA’s, argue that this trading creates a casino-like atmosphere which undermines confidence in the market, making it a dangerous place to invest serious money.
Are there lessons to be learned from the earlier Spitzer crusade which forced many mutual fund companies in 2003 to protect long term shareholders from the frenzied activity of the short termers? The solution then was to reduce short term trading by making it costlier to perform. A typical penalty might be 2% charged by the mutual fund company from share proceeds that were bought and then sold within a 30 day period. But who can police and impose charges on millions of trades made minute by minute across the whole market? The IRS, that’s who.
Here is a common sense suggestion to protect long term investors without chasing traders from the market.
1) Change the current two holding periods (short and long term) to three periods (short, long and full term) The current definition of a short term period is 12 months or less. Is thereanybody who still believes that a buy/ sell transaction that takes place over a period of say, 10 months, can still be called short term in a world where trades are bought and sold in minutes? Let’s get real. 1) Short term must be redefined to a much shorter period more reflective of today’s trading realities. How short? Let regulators and Congress decide how much shorter. 2) Keep the long term definition as it is now at greater than one year. 3) But then add a third period, let’s call it “full term,” defined as five years or longer.
2) Adjust capital gains rates and tax loss deductions according to the new holding periods.
Since we are getting real let’s quit rewarding rampant speculative trading by disallowing tax loss write offs on short term losses and raise the capital gains tax rate on short term gains while we are at it. None of this will chase short-termers from the market, but it will make it costlier for them to play. Keep long term rates the same and still allow loss write offs. Then for the new “full term” holding period drastically reduce the capital gain tax down to 5% to reward those who invest long term in the economy.
This suggestion concerning holding periods and capital gain rate adjustments is just one possible solution to today’s increasingly volatile market. Hopefully new crusaders will add their voices to the discussion that will lead to action steps to balance the interests of all market participants.
John Barbour, CFP
The July issue of Pittsburgh Magazine is now available at the newsstand. In this issue we were named to the list of “Five Star” Wealth Managers for the third consecutive year. We have attached an electronic link ( see below ) that will direct you to a reprint of our appearance in Pittsburgh Magazine. We are grateful and humbled by this recognition and thank you for your confidence in InterGen Advisors.
InterGen Advisors 2011 5-Star Wealth Manger Accolade
We are pleased to announce that InterGen Advisors has made the 2010 list of Five Star: Best in Client Satisfaction Wealth Managers as named in the upcoming (July 2010) issue of Pittsburgh Magazine. This is the second time we have been named. Fewer than 7% of wealth managers in the Pittsburgh area made this list.
We were selected based on survey responses from thousands of consumers and financial service professionals in the Pittsburgh area. We encourage you to pick up the July issue of Pittsburgh Magazine and thank you for your confidence in InterGen Advisors.
Five Star Wealth Managers do not pay a fee to be included in the research of the final list. The overall survey score reflects an average of all respondents and may not be representative of any one client’s evaluation.
Michelle Wright of WTAE News visited the offices of InterGen Advisors to interview Sean Barbour concerning ideas to improve credit scores. The broadcast segment aired Monday, March 29th, 2010 on the 5:00pm newscast.
We are pleased to announce that InterGen Advisors has made the 2009 list of Five Star: Best In Client Satisfaction Wealth Managers as named in the current (July 2009) issue of Pittsburgh Magazine. Fewer than 7% of wealth managers in the Pittsburgh area made this list.
On Thursday May 29th, 2009 Chief Market Strategist for Advanced Equities Asset Management, Craig Columbus, visited the InterGen Advisors office to discuss market strategy. We took the opportunity to introduce Craig to Michelle Wright of WTAE Channel 4 so he could share his thoughts with investors in the Pittsburgh area.
John Barbour stops by the WTAE studios to discuss how 401k’s work with Michelle Wright for her Net Worth segment.
John Barbour stops by the WTAE station to talk about how investment decisions must be made in light of the rapidly changing world. Through the use of a simple acronym, John reminds investors of four important “lenses” through which each investment strategy should be viewed.