Fox BusinessMay 11, 2021
Inflation Fears, Job Openings Slam Stocks – On May 11, 2021, Mayflower Advisors’ Managing Partner Larry Glazer joined “Coast-to-Coast” to discuss record-breaking job openings and rising inflation’s impact. Larry notes, “We talk to so many small business owners that barely survived the pandemic. They barely survived the shutdown, and they may not all survive some of these policies coming out of Washington.” Larry continues, “Main Street feels it, and this regressive tax is going to hurt working families. These policies are contributing to inflation.”
Fox BusinessApril 29, 2021
Economy Picking Up As Biden Pushes Tax Hikes – On April 29, 2021, Managing Partner Larry Glazer joined Neil Cavuto’s “Your World” to discuss the impact of proposed tax changes on quarterly earnings—particularly for small business and big tech. Larry notes, “Small businesses are now facing a host of new challenges: inflation, labor shortages and material shortages. The last thing you want to do is sock it to main street by hitting them with tax increases just as we are coming out of the recovery. That’s just what the tax increases are going to do … Don’t we want to encourage those businesses to go to the next generation?”
Top DC Advisor TeamsMarch 23, 2021
Mayflower Advisors Ranked Among Top Defined Contribution Advisor Teams* – For the fourth consecutive year, the National Association of Plan Advisors (NAPA) included Mayflower’s plan sponsor consultants on its national ranking of top defined contribution advisors. Managing Partner Steven Dimitriou, AIF®, C(k)P®, CPFA, notes, “Our team’s uncompromised, fiduciary guidance is more important than ever, and Mayflower’s inclusion among ‘Top DC Advisor Teams’ is testament to the commitment of our advisors to help protect retirement savings of hard-working Americans.”
Washington ExaminerFebruary 3, 2021
Amazon Prime: Bezos’s Next Move – Commenting on Jeff Bezos’ sudden leadership shift from Amazon’s CEO to Executive Chair, Mayflower Advisors’ Managing Partner Larry Glazer notes, “…[T]he shifting political sands could put a target on these companies from a tax and regulatory perspective, and he knows it. Maybe it is going to be someone else’s challenge to take that on. That’s why you’re seeing these executive C-suite changes at this massive company.”
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.”
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.”
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.
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.
CNBCOctober 26, 2020
Glazer Talks Election Uncertainty's Market Impact – On October 26, 2020, 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.” Learn more.
PlanAdviserAugust 3, 2020
Four Advisors From Mayflower Team Recognized – 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.
Read the full PlanAdviser feature.
Boston MagazineApril 3, 2020
Four Advisors From Mayflower Team Recognized – Lawrence Glazer, Philip Stathos, John Wilcox and Lowell Lyon were each recognized as Five Star Wealth Managers for 2020 by Five Star as featured in Boston Magazine. This is the eighth year for Glazer and seventh for Stathos to be named Five Star Wealth Managers; Wilcox and Lyon have been included four and two years, respectively.
Click here to learn more about Five Star Wealth Managers recognition.
Mayflower Sails 2020March 10, 2020
Mayflower Celebrates History and Education – As a proud sponsor of The Mayflower’s ambitious restoration and steadfast commitment to education, Larry Glazer notes, “Mayflower Advisors salutes the courage, resilience and independence of The Mayflower’s passengers. It is an honor to sponsor Mayflower Sails 2020’s worthy mission to restore an American icon and educate generations to come.”
Click here to learn more about Mayflower Sails 2020.
CNBCJune 25, 2020 2020
CNBC tapped Larry Glazer’s insight and opinion in its “Power Lunch” market recap segment. Commenting on the financial sector’s role in the day’s market rebound, Glazer explains: “When you see a day like today and you see financials leading the market, that’s a good thing. The change in the Volcker Rule is not a reason to buy banks, but it is a catalyst for an unloved and a very cheap sector looking for leadership. The broadening of the market is incredibly Bullish. I am no cheerleader for large financial institutions in this country, but this is an opportunity for investors to take a hard look… I think we’re going to find opportunity here for investors.”
MarketWatchMarch 5, 2020
SEC Cracking Down on ‘Misleading’ Mutual-Fund Names – This MarketWatch personal finance piece addresses the recent Securities and Exchange Commission inquiry into mutual fund names. The SEC notes, “Fund names are often the first piece of information investors see and they can have a significant impact on an investment decision.” Larry Glazer believes that marketing strategists often wield heavy influence. Instead, Glazer reminds investors to remain focused on fundamentals and long-term strategy: “We shouldn’t be investing in products based on exciting names. Your investments should be boring.”
*The “Top DC Advisor Teams” list is created and conducted by National Association of Plan Advisors (NAPA), an affiliate organization of the American Retirement Association. NAPA has included Mayflower Advisors on its national list all years since its inception: 2017, 2018, 2019 and 2020. Nominees to NAPA’s national ranking must be individual advisor team/offices with a defined contribution (DC) book of business, in a single physical location. For consideration, firms submit self-reported responses, notably DC assets under advisement (AUA), with AUA threshold of $100 million. In 2020, 305 submissions were received and 300 were selected (98%). In 2019, 282 submissions were received; 265 were selected (94%). In 2018, 279 submissions were received; 257 were selected (92%). In 2017, 300 submissions were received; 275 were selected (92%). This recognition evaluates neither client experience nor previous investment performance and is not indicative of future performance. Mayflower Advisors does not pay a fee to participate. The full list of NAPA’s 2020 Top DC Advisor Teams is available at https://www.napa-net.org/news-info/daily-news/announcing-napa-top-dc-advisor-teams.