Monthly Archives: January 2015

TFS Office Closure and Business Continuity Plan

To all TFS Staff, Advisors, and Clients:

As is often the case, we are faced with the challenges of operating our business according to regulatory requirements in the face of severe weather conditions.

Today’s winter storm has far under-performed expectations, BUT IT IS STILL EARLY AND THERE IS THE POSSIBILITY OF MORE SNOW YET TO FALL!

Furthermore, there is a STATEWIDE TRAVEL BAN which has closed bridges, tunnels, public transit, and restricted travel on the roads in NJ and NY.

Unfortunately, the financial markets remain open today, and as a result, we are required to keep our operations running and open for business, in accordance with our DISASTER RECOVERY  /  BUSINESS CONTINUITY PLAN.

Consequently, for everyone’s safety, we have decided to close our offices today.  However, all staff members will be working from home throughout the day.  Key staff in all departments will be connected to our network, checking and responding to emails regularly, forwarding telephone calls to their cell phones, checking and responding to voice mails regularly, and otherwise maintaining the normal course and process of business.

These measures, along with the technology we have in place will ensure that our business will run seamlessly throughout the day.  Securities accounts and transactions will continue to be approved remotely without consequence.

Our office will be open for business again on Wednesday morning.

As always, we appreciate your support and cooperation.




Thomas P. Hyland Sr.


Communicating So Clients Really Listen

An article from ThinkAdvisor

Read some highlights below or click here for the full article

“According to the British bank Lloyds, the average person’s attention span these days is down to five minutes. So if you have a 20-minute presentation to make, there’s a good chance your clients will miss 75% of it unless you communicate in a way that keeps them listening.”

“A key part of engaging listeners is making your ideas easy to understand”

“Like many experts, financial advisors often suffer from the “curse of knowledge.” When you are so close to the subject matter, you have a very hard time being empathetic with people who don’t have your level of expertise. That’s problem No. 1.”

“There’s a real art and a science to get someone from no understanding to understanding. So what you see is people giving PowerPoint presentations riddled with bullets. We like to say that “bullets kill.”

What Bad Advice Did You Give In 2014?

Market unpredictability was evident in 2014, especially inwrongsign the fixed income market

“Prediction is very difficult, especially about the future.” –- Niels Bohr.

What the fixed-income markets were going to do in 2014 seemed to be a foregone conclusion – rates would rise without the Federal bond-buying program and rate-sensitive securities would have a tough go of it.  That would especially include longer term treasuries. Barclays Long Term US Treasury TR Index subsequently rose 25.07% in 2014.

What does this mean?  There is no such thing as a sure thing when it comes to investing, and is why Buy/Hold Plus has a diversified approach across all asset classes all of the time.

Click here for a more detailed Morningstar 2014 Bond Fund Report on these and other issues:

  • Bond Rally Pushing Down Yields
  • Bill Gross Leaving PIMCO
  • Junk Bonds Hurt by Falling Energy Prices
  • Escalation Between Russia and Ukraine
  • Muni Rebound Despite Detroit and Puerto Rico Troubles


Harness Emotions to Minimize Investing Mistakes

An article from ThinkAdvisorRemember, glee is an emotion, too.

Read some highlights below or click here for the full article

“Part of the equation shows that people simply are not wired to follow Warren Buffett’s advice to “be greedy when others are fearful,” or as Baron Rothschild said, “buy when there is blood in the streets.

“A prominent indexer once alluded to the intraday tradability of an ETF as like putting a loaded weapon in the hands of investors.”

“Astute investors realize that they can remain prone to emotional responses, as they are often difficult to overcome…This represents an area where the value of a financial advisor can really shine.”