Amanda Tappen is a certified financial planner with 20 years of expertise in financial services who works in New York. Tappen works as an advisor at Douglas C. Lane & Associates. Douglas C. Lane & Associates is a financial advisory firm based in New York, NY.
Who is Amanda Tappen?
Amanda Tappen is a certified financial planner with 2 years of relevant experience who works in New York, New York. Tappen works as an advisor for Douglas C. Lane & Associates.
Before joining Douglas C. Lane & Associates, she worked at Banc of America Securities and Gemstar-TV Guide International. Tappen holds a Series 63 licence, allowing her to work as a securities broker in New York.
Amanda has over 20 years of expertise in financial services as a Wealth Advisor, Business Development Professional, and Relationship Manager. Her areas of specialisation include Financial Planning, Wealth Management, Retirement Planning, Estate Planning, and Philanthropy.
She graduated from Boston College with a Bachelor of Science in Finance in 2000.
What is Douglas C. Lane & Associates?
Douglas C. Lane & Associates is a financial advisory firm based in New York, NY. It employs 36 employees and has offices in two locations. It manages $7 billion in assets across 5,653 customer accounts, making it one of the country’s largest advisory firms in terms of assets under management.
The firm works with 15 different organisations and nonprofits. 71% of its 5,653 accounts are held by high-net-worth individuals with more than $1 million in investable assets.
The company offers a variety of services, including financial planning, portfolio management for individuals and small enterprises, portfolio management for institutional clients, and others.
DCLA Investment Philosophy
DCLA®’s investing philosophy is to provide capital growth to customers through long-term investments in individual equities and fixed-income securities.
They don’t consider the investment of their clients’ capital to be a commodity and, as a result, do not outsource their investment decisions to other firms. Their core area of competence is in individual stock and bond analysis, as well as portfolio management.
The organisation adopts a “core” approach to investing, which means they don’t waste time worrying about which “bucket” (e.g., small-cap, large-cap, growth, value) a company is classified in by Wall Street. Instead, Douglas C. Lane & Associates keeps things simple.
The firm invests in and lends to a diverse range of companies in various sectors, industries, and areas that it believes can create positive returns for investors in relation to the level of risk involved.
Investment Adviser Public Disclosure (IAPD) report of Amanda Tappen discloses information about his employment history, professional qualifications, disciplinary actions, criminal convictions, civil judgements and arbitration awards.
Based on the report, there have been no reported disclosures related to Amanda Tappen. This suggests that she prioritizes transparency and fairness.
What Services does Amanda Tappen offer?
Amanda Tappen works directly with clients to discover and fulfil their requirements, goals, and investment objectives within the context of their investment portfolios and overall financial strategy.
Douglas C. Lane & Associates, on the other hand, provides the following advice services:
Credit and cash management solutions
As financial advisors, it is equally important to encourage clients to begin retirement planning as soon as possible to avoid facing financial difficulties later in life. For example, Investing in gold can provide a hedge against inflation and market volatility.
Diversifying your retirement portfolio with gold investments can safeguard your assets and potentially increase your overall return. It’s never too early to start planning for retirement and taking steps like this can lead to a happy and secure future.
Why it is Wise to add Gold to Your Investment Portfolio?
According to the World Gold Council, global demand for gold increased by 18% in 2022, making it the “strongest year for gold demand in over a decade.” Gold prices have risen to more than $2,000 per ounce as a result of rising demand, reaching the record high established in 2020.
It’s not surprising that gold is currently a desired commodity. One of the oldest kinds of currency, it has held its worth despite market instability that has devalued other assets. When the value of the dollar falls and stocks fall, gold tends to keep steady, providing much-needed safety for investors’ portfolios.
Gold is a wise investment for a variety of reasons. Here are three of the most important.
When the economy is weak, it tends to shine
Gold prices tend to climb during periods of inflation and recession, offering an appealing contrast to the dollar’s declining value.
According to a Chicago Fed analysis that compared gold prices to consumer expectations, the more pessimistic consumers are about the U.S. macroeconomic outlook, the higher the price of gold tends to go as they resort to it to preserve their money.
The common assumption that gold is a safe haven in a weak economy is based on statistics. For example, in six of the last eight stock market disasters in the last 40 years, gold prices climbed. Gold is a wise investment in any economy, but it is more beneficial when things are uncertain.
I’m safe from the recession, are you?
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You’ll likely get the most return on your gold investments if you hold them for a long time. However, there may be situations when you require additional funds. When compared to other assets, gold is very liquid, which means you may immediately sell it to generate cash for any purpose.
This is especially useful if you need money in a bad economy. Because gold is frequently more valuable when the economy is poor, you may be able to earn more for your investment than if you turned it in at a different period.
It diversifies your portfolio
A well-managed portfolio can withstand any economic downturn. To achieve the best results, you should invest in assets that have varied degrees of risk and reward. Diversification is the term for this.
Stocks can provide large profits, but they are also very volatile and can lose value quickly due to a variety of variables ranging from bad press for a given firm to broader market circumstances. To compensate for these losses, you need also to own more conservative assets, which may only produce a moderate return but do so consistently when other assets fail. Gold is one example of such an asset.
For the best outcomes, experts recommend holding 5% to 10% of your portfolio in gold.
Why Are Investors Diversifying Their Portfolio?
Experts agree that the financial market is now even more fragile than pre-2008. Will your retirement portfolio weather the imminent financial crisis? Threats are many. Pick your poison..
The financial system would be in great peril if one or more big banks fail.
“When we get to a downturn, banks won’t have the cushion to absorb the losses. Without a cushion, we will have 2008 and 2009 again.”
Student debt, which has been on a steep rise for years, could figure greatly in the next credit downturn.
“There are parallels to 2008: There are massive amounts of unaffordable loans being made to people who can’t pay them”
The US national debt has spiked $1 trillion in less than 6 months!
“If we keep throwing gas on flames with deficit spending, I worry about how severe the next [economic] downturn is going to be–and whether we have enough bullets left [to fight it],”
Total household debt rose to an all-time high of $13.67 trillion at year-end 2019.
“Any type of secured lending backed by an asset that is overvalued should be a concern… that is what happened with housing.”
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To conclude, it seems that Amanda Tappen has provided value to her clients which explains why there is no disclosures have been reported related to her.
On the other hand, Douglas C. Lane & Associates is a good option for financial planning but they are not a good option for investors looking to secure their investment with a physical Gold IRA, while Augusta Precious Metals is a considerably superior option.
Each state has its own regulations and rules, so we’ve sorted and found the best Gold IRA company for each state.