Monthly Tips October 2018

Monthly Tips



TIP 1 GICS Reclassification

In Shakespeare’s Romeo and Juliet, Juliet justifies her love for Romeo despite his family name, Montague, by saying “A rose by any other name would smell as sweet”.

S&P Dow Jones revised its Global Industry Classification Standard, or GICS last month for the first time since 1999. Just like Romeo, industry classification doesn’t really define how sweet companies may or may not smell. However, some Exchange Traded Funds that follow industries may change their holdings based on companies leaving or joining a classification, and should be reevaluated based on these changes.


TIP 2 Charitable Giving

It’s around the time that you may be thinking about incorporating a charitable gift into your planning this year. The doubling of the standard deduction from last year’s tax legislation may make it no longer worthwhile to document each gift for tax purposes for smaller givers. Alternatively, the tax change may or make it worthwhile to consider giving a double gift this year and skipping next year.

For large charitable gifts, there are still valuable tax benefits secured through charitable trusts. Contact us for more information.


TIP 3 New Jersey Foliage

The best time to see the leaves change in New Jersey is coming up, and we’re excited to fall into the foliage.

Click here to find out how to figure out the perfect place and dates to see the changing colors both near our headquarters in Toms River and elsewhere in New Jersey.


TIP 4 Halloween Spending Facts

The National Retail Federation is projecting that more that 175 million Americans will participate in Halloween this year, spending over 9 billion dollars! No – that doesn’t count the costs spent at the dentist after Halloween.

Here’s a breakdown of where the money will be spent: $3.2 billion on costumes, $2.7 billion on decorations, $2.6 billion on candy, and $400 million on greeting cards.

Happy trick or treating everyone!