Outlining Your Financial Plan

by Dave Sather

Sather Financial Group

Dave Sather is a CERTIFIED FINANCIAL PLANNER and President of the Sather Financial Group, Inc. Sather Financial Group is a $400 million “fee-only” wealth management firm based in Victoria. Sather Financial is ranked as one of the top independent wealth management firms in the country according to Financial Advisor Magazine. Dave was raised in El Paso, received his B.A. in Business Management from Texas Lutheran University and received his M.B.A. from Texas A&M University. He has spent the past twenty years in the financial analysis, investment and banking industries. Dave is an adjunct professor in the business program at Texas Lutheran University. Additionally, Dave is a director of Business Bank of Texas as well as the Chairman of the Finance and Investments Committee for the Brownson Children’s Home and is a member of the Executive Advisory Council at Texas Lutheran University. He resides in Victoria, Texas.

With the New Year upon us, I am reminded of a conversation with a client some years ago. “Bill” and “Doreen” had come in looking for what they thought would be investment advice.

Topics: Featured, Management, Blog Posts, Strategic Planning, Employee Benefits, Risk Management, Accounting & Finance, Taxes, Content Type

Is Social Security a Ponzi scheme?

by Dave Sather

Sather Financial Group

Dave Sather is a CERTIFIED FINANCIAL PLANNER and President of the Sather Financial Group, Inc. Sather Financial Group is a $400 million “fee-only” wealth management firm based in Victoria. Sather Financial is ranked as one of the top independent wealth management firms in the country according to Financial Advisor Magazine. Dave was raised in El Paso, received his B.A. in Business Management from Texas Lutheran University and received his M.B.A. from Texas A&M University. He has spent the past twenty years in the financial analysis, investment and banking industries. Dave is an adjunct professor in the business program at Texas Lutheran University. Additionally, Dave is a director of Business Bank of Texas as well as the Chairman of the Finance and Investments Committee for the Brownson Children’s Home and is a member of the Executive Advisory Council at Texas Lutheran University. He resides in Victoria, Texas.

As Governor Perry runs for President, he has referred to Social Security as a Ponzi scheme. This has scared some and made others question the systems long term viability.

Topics: Featured, Blog Posts, Labor & Employment, Employee Benefits, Accounting & Finance

Austin, San Antonio once again make Forbes “top” list

by Leslie Thacker

Business Finance Solutions

Leslie Thacker is the Managing Partner of Austin Texas-based Business Finance Solutions. Leslie has over 20 years of general business experience, including ten years managing the marketing, sales, and projects for financial services including bank lending programs and electronic data interchange programs for small businesses. She has served as a consultant to several banks and a small business investment company (SBIC). Her role in Business Finance Solutions includes assisting small and mid-sized businesses obtain working capital financing, equipment leasing, and leveraging other assets for working capital. Before entering the financial industry, Leslie was the publisher of a business trade publication in Corpus Christi. She also has an extensive background in inventory control and merchandising. Leslie is passionate about helping business owners, managers, CFOs, and operations personnel obtain valuable practical business training. In March 2009 she started a highly successful Austin based Meetup group. Each month she has arranged a respected speaker to present a finance or operations topic of interest to the group. There are now approximately 180 members of the group. Leslie also volunteers time at the Texas State Small Business Development Center, assisting with educational programs and the center’s marketing program. When not helping businesses find financing and practical educational resources, Leslie spends time in her garden growing antique roses.

Austin, San Antonio and other cities in Texas have ranked high on numerous lists for places to do business and quality of life in recent years. A June 6, 2011 Forbes article ranks Austin as the top city in the country for future population growth. San Antonio is ranked forth, Houston fifth, and Dallas seventh.

Topics: Operations, Featured, Labor & Employment, Strategic Planning, Employee Benefits

Medical loss ratios and their impact on the health insurance market

by Cuatro Groos

efg&m, L.P.

Cuatro was born in San Antonio, Texas. He holds a BA (Plan II Honors Program) as well as an MBA and a Master of Public Affairs from the University of Texas at Austin. Cuatro’s early professional experience was diverse. It included teaching English at a university in Quito, Ecuador, helping to manage a family catering business in San Antonio, and serving as a policy analyst for the Speaker of the Texas House of Representatives. After receiving his graduate degrees, Cuatro worked as a marketing analyst and manager for Dell as well as a number of software startups. The experience working in the startup world, along with that of managing a family business, gave him a love for small business and a deep respect for the courage it takes to start and grow a business. Cuatro has been serving business owners and entrepreneurs as an insurance advisor since 2001. efg&m, LP provides guidance and support to businesses of all sizes in the areas of health insurance and employee benefits. The firm also helps self-employed individuals with health and related benefits. Cuatro speaks regularly on health care policy and key industry issues including health care reform, new compliance challenges/solutions, and workplace wellness. Cuatro is a Certified Insurance Counselor and a member of the National Association of Health Underwriters. He serves on the board of the Foster Angel Network of Central Texas. He is also the president of Trojans Pop Warner Youth Football Association. Cuatro has served on the boards of the Young Men’s Business League of Austin and the McCombs MBA Alumni Network for Central Texas. Cuatro lives in Austin, Texas with his wife, Alicia, an intellectual property attorney, and their three children. In his spare time, he loves coaching youth sports and being outdoors.

Human Resource and employee benefit administrators will need to be aware of many new developments for 2011 brought about by the Patient Protection and Affordable Care Act (PPACA).

Topics: Featured, Employee Benefits, Articles, Human Resources

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Health Care Reform and the 2010 Elections: What’s Next?

by Cuatro Groos

efg&m, L.P.

Cuatro was born in San Antonio, Texas. He holds a BA (Plan II Honors Program) as well as an MBA and a Master of Public Affairs from the University of Texas at Austin. Cuatro’s early professional experience was diverse. It included teaching English at a university in Quito, Ecuador, helping to manage a family catering business in San Antonio, and serving as a policy analyst for the Speaker of the Texas House of Representatives. After receiving his graduate degrees, Cuatro worked as a marketing analyst and manager for Dell as well as a number of software startups. The experience working in the startup world, along with that of managing a family business, gave him a love for small business and a deep respect for the courage it takes to start and grow a business. Cuatro has been serving business owners and entrepreneurs as an insurance advisor since 2001. efg&m, LP provides guidance and support to businesses of all sizes in the areas of health insurance and employee benefits. The firm also helps self-employed individuals with health and related benefits. Cuatro speaks regularly on health care policy and key industry issues including health care reform, new compliance challenges/solutions, and workplace wellness. Cuatro is a Certified Insurance Counselor and a member of the National Association of Health Underwriters. He serves on the board of the Foster Angel Network of Central Texas. He is also the president of Trojans Pop Warner Youth Football Association. Cuatro has served on the boards of the Young Men’s Business League of Austin and the McCombs MBA Alumni Network for Central Texas. Cuatro lives in Austin, Texas with his wife, Alicia, an intellectual property attorney, and their three children. In his spare time, he loves coaching youth sports and being outdoors.

The mid-term elections came and went, leaving behind a wake of defeated centrist Democrats in the US House of Representatives and across state houses nationwide. While the GOP did not gain a majority in the US Senate, it picked up an unprecedented 60 seats in the House. Near the top of almost every poll of issues that mattered to voters was health care reform. Republicans and even some Democrats nationwide ran against it. Despite these changes, don’t expect anything significant to come out of Congress in the next year or two. The Democrats still control the Senate, and President Obama still has veto power. The new House is expected to pass a health care reform bill (or a bill that severely limits the health care reform law) as a symbol and a precursor to 2012. Such a bill would not make it out of the Senate, and therefore President Obama would not need to veto it.

Topics: Featured, Employee Benefits, Articles, Human Resources

Health care reform: this week in legislative idiocy

by Cuatro Groos

efg&m, L.P.

Cuatro was born in San Antonio, Texas. He holds a BA (Plan II Honors Program) as well as an MBA and a Master of Public Affairs from the University of Texas at Austin. Cuatro’s early professional experience was diverse. It included teaching English at a university in Quito, Ecuador, helping to manage a family catering business in San Antonio, and serving as a policy analyst for the Speaker of the Texas House of Representatives. After receiving his graduate degrees, Cuatro worked as a marketing analyst and manager for Dell as well as a number of software startups. The experience working in the startup world, along with that of managing a family business, gave him a love for small business and a deep respect for the courage it takes to start and grow a business. Cuatro has been serving business owners and entrepreneurs as an insurance advisor since 2001. efg&m, LP provides guidance and support to businesses of all sizes in the areas of health insurance and employee benefits. The firm also helps self-employed individuals with health and related benefits. Cuatro speaks regularly on health care policy and key industry issues including health care reform, new compliance challenges/solutions, and workplace wellness. Cuatro is a Certified Insurance Counselor and a member of the National Association of Health Underwriters. He serves on the board of the Foster Angel Network of Central Texas. He is also the president of Trojans Pop Warner Youth Football Association. Cuatro has served on the boards of the Young Men’s Business League of Austin and the McCombs MBA Alumni Network for Central Texas. Cuatro lives in Austin, Texas with his wife, Alicia, an intellectual property attorney, and their three children. In his spare time, he loves coaching youth sports and being outdoors.

The 1099 Problem for Businesses

Topics: Employee Benefits, Articles, Human Resources

Health care reform: key health insurance changes in 2010

by Cuatro Groos

efg&m, L.P.

Cuatro was born in San Antonio, Texas. He holds a BA (Plan II Honors Program) as well as an MBA and a Master of Public Affairs from the University of Texas at Austin. Cuatro’s early professional experience was diverse. It included teaching English at a university in Quito, Ecuador, helping to manage a family catering business in San Antonio, and serving as a policy analyst for the Speaker of the Texas House of Representatives. After receiving his graduate degrees, Cuatro worked as a marketing analyst and manager for Dell as well as a number of software startups. The experience working in the startup world, along with that of managing a family business, gave him a love for small business and a deep respect for the courage it takes to start and grow a business. Cuatro has been serving business owners and entrepreneurs as an insurance advisor since 2001. efg&m, LP provides guidance and support to businesses of all sizes in the areas of health insurance and employee benefits. The firm also helps self-employed individuals with health and related benefits. Cuatro speaks regularly on health care policy and key industry issues including health care reform, new compliance challenges/solutions, and workplace wellness. Cuatro is a Certified Insurance Counselor and a member of the National Association of Health Underwriters. He serves on the board of the Foster Angel Network of Central Texas. He is also the president of Trojans Pop Warner Youth Football Association. Cuatro has served on the boards of the Young Men’s Business League of Austin and the McCombs MBA Alumni Network for Central Texas. Cuatro lives in Austin, Texas with his wife, Alicia, an intellectual property attorney, and their three children. In his spare time, he loves coaching youth sports and being outdoors.

The Patient Protection and Affordable Care Act (PPACA) was passed on March 23, 2010. At about 2700 pages long, it is one of the most far-reaching laws passed in the United States in many decades. It will take many years to be implemented. While many of the entities and processes called for by PPACA are yet to be defined and executed, we do know about the key changes taking place in late 2010 and on the horizon in 2011 and 2012. Our focus in this post is on what business owners, CFOs, Controllers, and Human Resource Managers need to know to navigate the new landscape created by the early years of health care reform.

Topics: Labor & Employment, Employee Benefits, Articles

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