Fox BusinessFebruary 24, 2021
Fed Holds Its Ground – On February 24, 2021, Mayflower Advisors’ Managing Partner Larry Glazer joined Maria Bartiromo’s “Word on Wall St” to discuss the latest round of stimulus package discussions, proposed minimum wage hikes and “inflation rotation” concerns. Larry comments, “I grew up in this market and we were taught, ‘You don’t fight the Fed.’ But we were also told that you listen to the market … [Federal Reserve Chair] Powell is committed to keeping interest rates low—just as the reopening is happening, the vaccine rollout is happening, the federal government is getting ready to spend trillions of dollars … and that is a recipe, if you watch the bond market, for inflation.”
Fox BusinessFebruary 8, 2021
All Major Indices on Track for Record Closes – On February 8, 2021, Mayflower Advisors’ Managing Partner Larry Glazer joined “Cavuto Coast-to-Coast” to comment on stock market gains and additional stimulus measures. Comparing stimulus efforts to chicken wings at a Super Bowl party, Larry notes, “The first couple seem like a really good idea but too much of it brings heartburn the next day. That’s the fear that investors have: Are we going to have a sustainable recovery? … That’s why we see volatility remain elevated in the market.” Glazer adds, “The wealth gap has increased … as a result of the record stimulus that we’ve already seen in the spring … and the wealth gap may become greater as a result of additional stimulus.”
Fox BusinessFebruary 8, 2021
Vaccine Rollout: Many States Struggling With Distribution – On February 8, 2021, Mayflower Advisors’ Managing Partner Larry Glazer joined Gerry Baker to reflect on Coronavirus’ ongoing impact the stock market. While hospitalization rates and case numbers continue to decline, concern related to variant cases and vaccine logistics remains. Larry emphasizes, “Investors realize that while things are looking better in the future, we’re not out of the woods yet—neither in terms of the economy nor the virus.” Discussing interest rates, he notes that rate reductions have the “unintended consequence of forcing investors to do something with their money to get a higher return.”
Fox BusinessFebruary 2, 2021
Bezos’ Amazon Transition – On February 2, 2021, Mayflower Advisors’ Managing Partner Larry Glazer and Fox Business’ Neil Cavuto talked about Jeff Bezos’ transition from Amazon’s CEO to Executive Chair. Larry notes, “Going forward, shifting political sands could put a target on these companies from attacks in a regulatory perspective—and he knows it … That’s why you’re seeing these executive C-suite changes at this massive company.” Larry adds, “It is not that easy to step into those big shoes … They have all of the tools in place but the stimulus plan policies in Washington are going to shift the focus back to Main Street. They want to even out the economy, and that’s going to come at the expense of big technology firms.”
Fox BusinessJanuary 29, 2021
SEC Warning Against Illegal Manipulative Trading – On January 29, 2021, Mayflower Advisors’ Managing Partner Larry Glazer joined Fox Business’ Neil Cavuto to discuss the latest developments in the ongoing GameStop stock saga—including Robinhood’s trade restrictions’ abatement and the SEC’s manipulative trading activity reminder. Noting the broad-reaching impact, Larry emphasizes, “A lot of people at home are saying ‘I don’t own GameStop. I don’t own Bed Bath & Beyond. I don’t own AMC Theaters. How does this affect me?’ … The fact is that when those stocks go up, the good companies that you love and cherish—like Apple and Microsoft—and the broad market go down. That’s what we’re seeing today.” He adds, “I think we have an issue, and the issue comes from a lack of financial literacy.”
CBS BostonJanuary 27, 2021
GameStop Stock Surge – On January 27, 2021, Mayflower Advisors' Managing Partner Larry Glazer joined CBS Boston to discuss the Reddit-sourced “strange phenomenon [that] has hit Wall Street”: GameStop’s stock price has risen more than 1,700% since December 2020, with the video-game retailer’s market value gaining over $10 billion between Tuesday and Wednesday alone. Glazer cautions, “It can hurt the hardworking savers at home and the people that really want to see a more rational environment.” Commenting on his own wealth management clients, he adds, “We had a lot of phone calls today from people who were very concerned about what they’re seeing in the markets—because it looks like a casino … They don’t want to see it in their 401(k), and they don’t want to see it in their retirement account.”
Fox BusinessJanuary 19, 2021
S&P 500 Sectors Under Trump – On the eve of Inauguration Day, Mayflower Advisors’ Managing Partner Larry Glazer spoke with Neil Cavuto to reflect on big technology’s performance over the past four years and how the sector has benefited from regulatory and tax reductions seen under this administration. Glazer notes potential impact of the Biden administration’s regulatory approach: “You can’t have a free lunch … Someone has to pay for it, and that will be these big technology names under a new administration.”
Fox BusinessJanuary 6, 2021
Big Tech Under Pressure Following Georgia Run-Off Election – On January 6, 2021, Mayflower Advisors’ Managing Partner Larry Glazer joined Fox Business’ “Word on Wall Street” to discuss Georgia’s Senate run-off and its potential impact on big tech and broader market activity. Glazer notes that the elections of Jon Ossoff (D) and Rev. Raphael Warnock (D) facilitate President-elect Joseph Biden’s ability to implement his economic agenda: “The bottom line is that a Democratic-controlled Washington is bad news for big technology companies…, but …there’s plenty of opportunity.” Glazer continues, “You need to change your portfolio in 2021: The last couple of years that meant more big tech brought out-performance. Now, it means less big tech, more of everything else. That’s how you’re going to make money in 2021.”
Fox BusinessDecember 10, 2020
Airbnb I.P.O. Caps Record-Setting Year – On December 10, 2020, Larry Glazer joined Fox Business’ Neil Cavuto to discuss Airbnb, Inc.’s Nasdaq debut and the driving forces behind this year’s I.P.O. frenzy. Glazer comments, “There’s no doubt that the private markets are playing a more important role today in the financial markets than ever before ... and that’s why today’s deals become so important because the scope of these deals is so massive. This is going to be the biggest I.P.O. year—certainly since 2014, but in many ways much more significant: It’s really a reflection of everything we have been through this year.”
ThinkAdvisorDecember 7, 2020
Breakaway RIA Moves to Pershing – “‘There’s different flavors of independence in the industry,’ Lawrence Glazer told ThinkAdvisor in a recent interview. What Mayflower now has is ‘true independence from top to bottom in terms of all the decisions you make every day—not only as a business owner, but in terms of technology and all the tools, how you staff, how you service clients,’ he explained … The move to Pershing ‘gives us the freedom to invest directly in the areas that most benefit our clients at a time when the industry is really doing the opposite and is cutting back’” he said.”
Wealth ManagementDecember 4, 2020
$3.75 Billion Team Creates RIA – “Steve, Larry and I have worked together since 1999 and opened our first office back in 2002. Mayflower Advisors has always been rooted in relationships,” said Managing Partner Lloyd Glazer. “We view this Mayflower team and our three generations of clients as family, and it’s a privilege to help our clients meet their long-term goals—in both good times and challenging ones like we’ve seen this past year.”
Financial Planning MagazineDecember 3, 2020
$3.7B Team Opens RIA – “This business is really about understanding what clients want,” Larry says. “What we’ve seen over the years is that there are these big egos in the industry who think they have all the answers. Our clients want someone who’s going to listen to them. Financial planning is no longer a value proposition in this industry. You’ve got to do more for clients.”
CityWire RIADecember 2, 2020
$3.75bn Team Sets up Independent RIA – “We’ve seen a seismic shift going on towards greater independence. Clients really are demanding more transparency, more services,” said Mayflower Advisors managing partner Larry Glazer. “Only by starting our own RIA and truly being independent can we really address all of those needs and concerns to better serve the clients.”
Read the full write up here.
15-Year Anniversary & RIA LaunchDecember 2, 2020
Mayflower Advisors Celebrates 15-Year Milestone With Recent Independent RIA Launch – Mayflower Advisors, a boutique investment and financial advisory practice with $3.75 billion in assets under management, is proud to celebrate 15 years of partnership and collaboration—marking the milestone as a recently launched independent registered investment advisor. This strategic shift to a fiduciary approach affirms Mayflower Advisors’ autonomy and positions the firm to best meet clients’ evolving financial needs with a flexible, scalable infrastructure and custom planning solutions. Built on a solid foundation of experience, independence and innovation, co-founders and managing partners Lawrence Glazer, Steven Dimitriou and Lloyd Glazer lead the 35-person group.
Learn more about Mayflower’s client-centric, team-based service model; entrepreneurial culture and recent investment in upgraded technology infrastructure.
Fox BusinessNovember 9, 2020
Stocks Soar on Vaccine Optimism – On November 9, 2020, Larry Glazer joined Fox Business’ Neil Cavuto to discuss the impact of a potential post-Coronavirus investment landscape. Glazer notes, “Investors need to start positioning portfolios for a post-pandemic investment strategy… It’s going to be a long and difficult winter for travel, transportation, small businesses, and restaurants. But on the other side of that, there’s at least a small glimmer of daylight: We can see light at the end of that tunnel.”
CBS BostonNovember 9, 2020
Stocks Soar After Election News – On November 9, 2020, Steve Dimitriou joined CBS Boston’s Bill Shields to share his perspective on post-election stock market gains and potential future Wall Street reaction to Democratic President-Elect Joe Biden and a Republican-controlled Senate. Dimitriou notes, “What that actually means is that it’s pretty unlikely that you’re going to get any major tax overhauls, for example, or major changes to regulations. The markets generally like that because they like the predictability of it.”
Click here to view Steve's full segment.
Fox BusinessOctober 29, 2020
"Word on Wall Street": Evaluating a Trump vs. Biden Win – Larry Glazer joined Fox Business’ Maria Bartiromo to discuss potential election impact, capital gains and quarterly earnings. Glazer notes, “As we talk about the idea of additional stimulus under any administration into next year, that is probably going to be more targeted… towards small businesses. As a small business owner, we think that’s a good thing: It fosters innovation… That’s going to benefit Main Street, the cities, small businesses and the overall economy – not just in consumer spending but for more additional capital spending, giving us an overall multiplier effect.”
CNBCOctober 26, 2020
Glazer Talks Election Uncertainty's Market Impact – Larry Glazer joined CNBC to share his perspective on election uncertainty, market volatility, big-tech earnings and “defensive” stocks. Glazer comments, “Just ahead of Halloween, how ironic is it that we have a witches’ brew of volatility. The same factors that are bringing a 17-point spike in the Volatility Index could bring the best investment opportunities we’ve seen in the last six months.”
FT 401October 22, 2020
Mayflower Advisors Recognized Among “Top Retirement Advisers” (FT 401) – For the sixth consecutive year, Managing Partner Steven Dimitriou and Mayflower’s defined contribution (DC) practice was included on Financial Times’ FT 401 list of the nation’s most widely respected retirement advisors, as determined by independent evaluation in seven broad factors: DC assets under management, growth in DC plans/assets, degree of specialization in the DC business, participation rate in DC plans advised, industry certification, experience and compliance record.
Click here to learn more about Mayflower’s FT 401 recognition.
Boston’s Best and Brightest Companies to Work For®October 5, 2020
Mayflower Advisors Recognized Among Boston’s Best and Brightest Companies to Work For® – Mayflower Advisors was recognized among 2020's “Best and Brightest” list, which celebrates positive impact on local business, employee experience and the greater community. Jennifer Kluge, President and CEO of The Best and Brightest Programs, notes, “Through the first half of 2020, the Best and Brightest Companies To Work For® have demonstrated leadership and forward thinking as they pivoted their business and workforce through COVID-19.”
PlanAdviserAugust 3, 2020
15th Anniversary of RPAY – This retrospective feature looks back on Mayflower’s growth since Managing Partner Steve Dimitriou’s 2009 recognition as PlanSponsor”Retirement Plan Adviser of the Year” (RPAY), noting the team’s steady growth from nine to 33 and more than doubling of retirement plans served—from 75 to 170.
Commenting on Mayflower’s RIA launch, Dimitriou explains, “We are making this move because we outgrew the Wells Fargo platform and felt we needed to be more independent, improve our technology significantly and be able to work on multiple custodial platforms.” Dimitriou emphasizes that Mayflower’s strategic operational shift enables the practice to offer 3(38)-level fiduciary investment management and additional participant-focused services. Click here to read more.
Fox BusinessJuly 6, 2020
Glazer Discusses Buffet Energy Deal on Fox Business – Larry Glazer joined Fox Business’ “Mornings with Maria” to discuss Warren Buffett’s $10 billion Dominion Energy purchase deal. Glazer comments, “I think this is an opportunity for investors to broaden out the rally, find other opportunities. Value investing is as American… as apple pie and cookouts. It’s nice to see it coming back and it’s to see Buffett is sticking to his discipline as the market climbs the wall of worry and money gets put to work here.”