Integrating Your Values, Vision & Wealth

APRIL 2017

www.omegawealthmanagement.com |  703.387.0919

Simplicity…we all need more of it in our lives


This quarter, we at Omega are 


devoting our newsletter to the theme 
of “simplicity”.
 It seems fair to say that 
for most of us, life continues to become 
more complicated. Nonstop emails, 


increasing demands at work, compli-
cated family relationships and needs 
all add to the complexity. And yet, we 
can make another choice. 

We can take 

the time to slow down, get some clarity and intention-
ally  focus  our  efforts  on  what  is  truly  most  import-
ant to us.
 This time of year we are asking all of our  
clients  what  their  personal  &  financial  goals  are  for 
the year
. Do you have any or are you just being pulled 
along by the demands of life?
 If so, that often can lead 
to a year that pulls you many directions and ends up leav-
ing you feeling like you didn’t make any true “progress”. 
Leading an intentional and focused life clears space. 
Leading an intentional and focused life lends itself 
to greater and deeper satisfaction.
 Relationships that 
matter are tended to. Health & well-being are support-

ed. An organized home leads to “space of mind” which 
then frees you for what really inspires your attention. 
And a deep sense of peace sets in. Thinks it’s impossible? 
We at Omega believe it’s available to everyone who 
is willing to make a commitment to slow down and  
intentionally set goals and stay focused on them. You 
don’t need to go it alone- we can be, and are, “thinking  
partners” and “accountability partners” to our 


clients. We have the tools, process and skills to help you 
get where you want to go on many levels. 
Please read on 
to hear from the rest of the Omega team on how to bring 
simplicity into your life- no matter what is going on around 

Have a good Spring!


Lisa A. K. Kirchenbauer, CFP




, CeFT



Setting Goals - Why It’s 



See Page 5

 Financial planning can seem very complex because of all the  

laws and regulations around taxes, insurance, retirement plans 

and investments. Even so, there are 

some steps you can take to 

simplify your financial life.


(1) Streamline your accounts:  


  If you have checking and savings accounts at multiple institu- 


consider consolidating them into one checking and  

   one savings account at one bank. Be sure to keep in mind  

   FDIC’s deposit insurance limits. Remember that you can have  

   more than $250,000 in one bank and still be fully insured  

 provided  that  the  money  is  in  different  ownership  categories  

   – single accounts, joint accounts, retirement accounts and so  

   on. Consolidating accounts 

may allow you to reduce paper- 

   work and the emails you receive, avoid certain fees, and  

   may even get you better interest rates


  You may also want to consolidate debts. This will create as few  

   payments as possible for each month. If you use a Home Equity  

   Line of Credit, you may be able to get a tax deduction for the  

   interest you pay.


  With  the  constant  offers  of  bonus  miles,  zero  interest  rate  

   promotions, and other rewards, 

you might have multiple  

   credit  cardsIt could be wise to only use only one or two.  

   You will want to keep the others open because of the way credit  

   scores are calculated. Some people have one credit card that  

   they use only for online purchases and one that they use for  

   everything  else. 

Select the two that offer the benefits you  

   use the most and lock the others away or even shred them!

(2) Automate recurring bills:  



Consider setting up automatic bill pay with your bank. Most  

   checking accounts allow you to set up payments to vendors  

   (e.g., your mortgage company). You set the date you want the  

   payment to arrive at the vendor each month and the amount  

   you want to send. The bank automatically sends it for you! 


   sure to record these transactions each month to avoid  

   overdrawing your account.



For those who aren’t as comfortable using online banking,  

   set up a reminder on your calendar to pay your bills. You can  

   set a recurring alert to send you a message each month a  

   week before each bill’s due date.  


Planning Updates


by Kathy Frakes

(3) Review your subscription services:


  Do you read all the magazines or newspapers to which you  

   subscribe? If not, consider cancelling.


  What about gym or country club memberships? Again, if you  

   don’t use them, either start using them or cancel.


 Check your credit card statement for any “automatic”  

   subscriptions. One of my older relatives was paying $49.95/ 

   month for a service she never used. 

Thankfully the rules have  

   changed so that credit card companies can’t automatically  

   sign you up unless you opt out—now you have to opt in if  

   you want a service. However there may be a legacy  

   subscription you never noticed before.

(4) Buy a shredder and get rid of old paperwork:


  You don’t need to keep statements, confirmations and tax re- 

   turns forever! Once a transaction appears on your monthly  

 statement, shred the confirmation. If you get a comprehensive  

   quarterly or annual statement you can shred the monthly ones.  


For most people who don’t depreciate property, you only  

   need to keep your tax returns for three (3) years. Check out  

   this link for the IRS guidelines with regard to how long they  

   say to keep certain records: https://www.irs.gov/business 




  Consider  signing  up  for  online  statements  and  notifica- 

   tions.  Written copies of some documents are legally required  

   to be sent to you but most paperwork can be eliminated.  

   See the Operations Corner for another way to reduce 


   paper  clutter!

(5) Keep important documents safe but accessible:

   As a military family who moved around a fair amount, we found  

 it very useful to have a fire safe for the original copies of our  

   important documents. Now that we are more geographically  

 stable, we find a safe deposit box to be useful.

Christine Benz  

   at Morningstar recommends a three-tier filing system: “…a  

   safe deposit box at the bank, a home safe or fireproof box,  

   and a file cabinet or electronic file cabinet on your com- 

   puter.” She points out the disadvantages of a safe deposit box  

   as being the cost and the issue of accessibility but it can be  

   useful for “very valuable, hard-to-replace items” you don’t need  

   to access regularly. We want to remind you that 

as an Omega  

   client, you have access to your e-Money vault as an  

   electronic file cabinet. Let us know if you need help access- 

   ing it or uploading your documents.

(6) Hire a professional!  

 It’s  our  job  to  keep  up  with  the  complex  issues  of  financial  

   planning and help inform and guide you through them. Most of  

   you receiving this newsletter have already done that by 


   partnering with Omega. 

We are grateful for the opportunity  

   to be in service to you!






Investment Outlook

Q1 Market Commentary

Following our “simplicity” theme for this quarter,  here are the 
simple headlines from last quarter & looking ahead, as well as 
some investment strategy thoughts from Omega & SEI…
•  Regardless of political affiliation, there’s no way to address  
  the current state of the economy and market without 


  acknowledging the Trump administration and its impact.
• The optimism and enthusiasm of a pro-business environ- 
  ment that have led the market on an extraordinary rally  
  since November’s election have turned to slight skepticism  
  as the country and markets await tax reform and deregula- 
  tion promised in the campaign. 
•  The U.S. has fairly lagged the rest of the world, but the returns  
  have still been impressive year to date. 

The broader U.S. market  

  has advanced 6% since the beginning of the year and 10%  
  since November 10th. 
•  The S&P 500 has already reached or exceeded end of year 2017  
  expectations of many on Wall Street. 

The popular opinion is to downplay the potential for further  

  stock-price ascension.  
•  Some analysts have adjusted estimates for the S&P 500 Index to  
  reach the 10% range in 2017 and 12% in 2018.

There’s  not  much  sign  of  significant  growth,  but  there  is  

  certainly no sign of the economy declining.  
•  Take  a  look  at  the  rise  in  business  and  consumer  confidence.  
 While consumer confidence has tended to be high right before  
  the onset of a downturn, CEOs have done a better job at anticipat- 
  ing economic contraction. The sort of caution CEOs exhibit before  
  a recession is not evident at this time.

2017 1st Quarter performance by Index:




S&P 500 TR USD 


U.S. Large Cap Stocks

Russell 2000 TR USD 


U.S. Small Cap Stocks



International Stocks

Barclay’s US Agg Bond TR USD 


Intermediate Term Bonds

by Jared Jones

•  Keeping on pace with expectations, we saw the Fed raise interest  

  rates in March.  


In SEI’s opinion, interest rates are still low enough to allow  

  the positive impact of economic growth and corporate profit 

  ability to lead to higher stock prices. However, there will be  

  cause for concern if we see the Fed begin to pick up the tightening  

 pace or if the federal funds rate passes the inflation rate. Projec- 

  tions over the next three years suggest that won’t happen anytime  



We are now witnessing the strongest synchronized move  

  higher across developed and emerging markets since 2009- 

 2010. Many feared Trump would spell sluggish returns for 


  emerging markets. 

Investors seem to be taking a more relaxed  

  stance, assuming the Trump administration’s bark is worse  

  than its bite.  


Portfolio Performance:



U.S. large-cap stocks put together another great quarter  

  while small-cap stocks advanced considerably less.  

•  We also saw growth stocks lead value stocks across the board.  


SEI’s emerging market equities fund had a particularly strong  

  quarter due in part to their underweighting position to Asia.  

•  Fixed-income strategies also performed well this quarter on the  

  strength of non-government exposure.  


High-yield and emerging markets saw the highest returns  

  within the fixed-income portfolio this quarter.



SEI believes U.S. stock valuations are becoming stretched by 

optimism for the Trump administration’s pro-growth policies.  

Due to this belief, large-cap and small-cap positioning was defensive, 

with an emphasis on stability and sustainable-growth strategies at 

the expense of value and momentum. 

On the fixed-income side, 

SEI reduced exposure to bonds that exceeded valuation targets 

and believes a heavy new-bond-issuance calendar will provide 

opportunities to add risk at more favorable levels.  


SEI’s Outlook:


• In SEI’s opinion, the valuation of U.S. equities is a moderate  

  concern at this point. 

Nonetheless, until interest rates start  

  to rise at a faster than anticipated pace, or the U.S. economy  

  starts to show early signs of entering a recession, SEI will  

  continue to view price corrections as buying opportunities.  

• With the current synchronized global expansion, 


  equity portfolios may begin to outperform the S&P 500  

  index, as they have struggled to do so in the past.  


SEI believes the normalization of interest rates to higher  

  levels will happen slowly. The Fed is likely to tread carefully  

 until inflation becomes a problem. This should limit the danger of  

  a debacle in the bond market and provide for an equity market  

  that continues to defy naysayers.





by Andrew Mehari

Opting Out of Physical Mail Prospectuses

Are periodic investment prospectuses clogging up your mailbox? There is a way to opt out of physical delivery of these mailings 
from SEI, and opt in for electronic mail delivery. However, the method isn’t as simple as converting to SEI’s e-statement delivery 
process (a separate mailing service from general investment prospectuses). In order to enroll in electronic mail delivery for these 
types of mailings, you will have to do the following:

Make sure you have a copy of a recent prospectus letter (sample letter pictured below) on hand, and note the code 
within the box to the right of the arrow in the bottom right area of the letter:


Continued on page 5.

Go to www.investordelivery.com and enter the code from YOUR letter in the 1st step box (

DO NOT enter the code 

shown in the letter above – it is a sample code and will not work). Make sure you enter in your code with no spaces:


3. Click  on 

SUBMIT in the 2nd step box titled “Enrollment or Reactivation”. A pin will be provided and you will be 

enrolled in e-delivery for all future prospectus mailings after providing your e-mail address:


Remember, you will have to keep a copy of prospectus mail somewhere on file to enroll in this method  

since you will need the code. 

Don’t recycle all of your prospectus mail until you sign up for e-delivery!

Digit is a brand new micro-savings account designed to help you save small bits of money over 
. Once linked to your checking account, Digit tracks how much and when you spend your money, 
and creates a savings strategy in the background. The app will periodically save amounts from your 
checking account and pull them into a separate Digit “savings” account where the money is “kept 

away” from your checking account. This out-of-sight, out-of-mind approach to saving helps the user 

refrain from spending 

“extra” money they should really be saving by keeping it in the separate account. 

You can withdraw your Digit funds at any 

time, which will deposit directly to your linked checking account.



FinTech You Should Check Out

There are some great finance-related apps and resources to utilize that are beneficial to consumers looking to simplify their
financial lives. Included below are a few that you might find useful:

Mint has been the gold standard for budgeting apps for some time, and the company takes the top 
spot for a few reasons: 

The app automatically updates and categorizes transactions, creating a 

picture of spending in real time. Users can add their own categories, split ATM transactions into  
the purchases made with cash, and set budgets that issue alerts when they start to top out. The  

service also comes with a 

free credit score and the ability to link the various bills you pay on one platform. You can also  

create savings and cashflow goals and track them in relation to your spending activity.

Nerdwallet is a great website that not only has additional resources regarding these apps and  
others, but is used to help make readers’ financial lives less complicated. Should you buy your Internet  
modem or lease it? What credit card is best for people who love cash back earnings? How long will it 

take me to pay off my car loan? Nerdwallet answers those questions and more with their

various articles, financial calculators

and other 

readily available financial content.

Setting Goals - Why It’s Important

Each year about this time, we ask our clients about the personal and financial 
goals for the year. 
Some of our clients seem surprised, and some don’t seem to have 
any goals they would like to achieve for the year. Maybe it’s because we utilize the  
Entrepreneurial Operating System (EOS) or because each quarter I go to Strategic 
Coach and set new goals, 

I am a big believer in the power of setting & communi-

cating goals. Having INTENTION around where you go is much more fulfilling 
than being dragged around by current circumstances
 or worse, other people’s 
goals. So what’s stopping you? 

Maybe you’re worried you won’t achieve them 

(I’m just too busy or I can’t make that happen)? Well, 

then start small and build 

up your goal setting & achieving muscle. Maybe you don’t know the “how” to get 
there. Call us! Or find a partner who is better at the how. 

No matter how young 

or old you are or whether you are rich or poor, goals help give us focus and 
purpose. Goals help us grow and move forward. Goals can even help make the 
“unattainable” possible over time. We look forward to hearing what you have 
in mind for 2017…and how we can help you get there!






“Ready for Anything” 

by David Allen. I am bringing this back because this is a great book on being more focused and 


“The One Thing: The Simple Truth Behind Extraordinary Results”

 by Gary Keller. A “Wall Street Journal” best seller that 

says “You want less, and you want more…now you can have both-less and more.”  

“The Life-Changing Magic of Tidying Up”

 by Marie Kondo. So, this book isn’t for everyone but if you make the commit-

ment to follow the process and are willing to talk to your stuff, this could be a real freedom opener!

And if you REALLY want to get organized but need some professional help:
Holly Tunstall at Cannon Clutter Control has been a great resource to some Omega clients.

Many of you may remember Debra Hanley, a long-time Omega team member. 
She and her husband, John, have been travelling the US in their mobile home 
for a couple of years while they waited for their new retirement home in Rhode 
Island to be built. Well, it looks like they are finally moving in soon! We just
thought you would like to know where she is…

Simplification in a business setting often seems impossible for most business owners. Keeping with our
theme for this quarter, I offer these resources & tips (some as a reminder) to help make it easier to run
and move your business forward.

Business Owners’ Corner 

“Multiplication by Subtraction”


by Shannon Waller  
because sometimes, in order to 
grow you need to make a team 
member change.

“Get a Grip” (companion 
book to “Traction”)  
by Gino Wickman



Mariame Pierce is a junior studying Financial Planning at Virginia Tech. She is looking forward 
to interning with Omega Wealth Management this summer and applying what she has learned 
in school to her internship position. Her decision to enter the Financial Planning profession was 
solidified by her internship experience last summer, and since then she has been excited to enter
the workforce and start practicing Financial Planning. In her free time, she enjoys reading, playing 
with her four cats, and exercising daily.


My name is 

Trevor Luong and I am currently a junior attending Virginia Tech as a finance major

(CFP track). I was previously at Virginia Commonwealth University in Richmond for 2 years but  
I decided to transfer because I’ve always wanted to go to Tech! I am originally from Herndon, VA.  
I decided to choose the CFP track because I enjoy interacting with people and helping others reach 
their goals.

Fun Fact: I am half Vietnamese and half Korean



Important Dates and Reminders

April 18th

  2016 Federal Tax Returns Due 

May 29th

   Memorial Day - OWM and Markets Closed

June 10th

   Annual OWM Client Picnic at Lisa’s house

   Well this update will sound familiar. The Omega Team has settled into our usual beginning of the year rhythm. As you 
have probably noticed, we have split our client support between Kathy and Jared. They help me prepare for the meetings 
with you, they do research behind the scenes and generally help us stay on top of our work for you. CAN’T FIGURE OUT 
WHO TO CALL/EMAIL? Just check out the last page of the newsletter for contact information and a basic sense of who to  
contact for what. Not sure whether you are working with Jared or Kathy? Take a guess or send an email to Andrew and 
he’ll sort it out. When I am out on vacation or on client meeting travel, feel free to reach out to Jared or Kathy to see if 
they can assist you.

   Spring also brings our new crop of summer associates. Once again, we have drawn two great candidates from the VA 
Tech financial planning program. Mariame Pierce and Trevor Luong are sharp, passionate financial planning students
who are eager to get a real sense of what a career in our profession will look like. We hope to bring them into some  
meetings but mostly have them help us SIMPLIFY things at Omega this summer. Below is a little more information on 
them and if you attend the Omega picnic, you’ll have a chance to meet them firsthand.

Welcome Mariame and Trevor!!

Summer Interns


Lisa A. K. Kirchenbauer, 





, CeFT


Certified Financial Transitionist

President and Founder

703-387-0919, ext. 500

FAX: 703-387-0918


• Strategic advice on planning/investments
• Business owner coaching and consulting
• Prospective new client inquiries

Jared Jones

Financial Planning Associate

703-387-0919, ext. 508


• Support Client Service & meeting  
  preparation process
• Coordinate investment research &  
  analysis process

200 North Glebe Road, Suite 730, Arlington, VA 22203  
Phone (703) 387-0919   Fax 703-387-0918   



Office Manager
7 0 3 - 3 8 7 - 0 9 1 9 , 
ext. 501


• Office management
• Greeting clients
• Appointment scheduling

Andrew Mehari

Operations Associate

703-387-0919, ext. 506


• Client Service Issues: cash needs,  
  transfers, new accounts 
• eMoney assistance
• Pay Simple fee payment support

Kathy Frakes, 



Associate Financial Advisor
703-387-0919, ext. 502


• Support Client Service & meeting  
  preparation process
• Coordinator for financial planning
• Prospective new client inquiries