News & Insights

Market Recap -- Q2 2022

by Laurie Barrett on Jul 27, 2022

July 2022- Rising inflation, increasing fears of a recession, the ongoing war on Ukraine, and the Federal Reserve’s aggressive tightening have continued to shock markets. Developed market equities fell over 20% turning in their worst first six months in over 50 years. To make matters worse, asset class diversification didn’t work this quarter. Equites and bonds rarely fall in tandem since bonds are the safe harbor investors seek in a storm. However, rapid interest rate increases hit government and investment grade bonds nearly as hard as equities. Fixed income securities fell 10%-20% depending on the maturity. Though generally in line with benchmarks over the quarter, portfolios experienced this pain as well.

IRS Releases 2023 Key Numbers for Health Savings Accounts

by Laurie Barrett on Jun 27, 2022

June 2022- The IRS has released the 2023 contribution limits for health savings accounts (HSAs), as well as the 2023 minimum deductible and maximum out-of-pocket amounts for high-deductible health plans (HDHPs). An HSA is a tax-advantaged account that's paired with an HDHP. An HSA offers several valuable tax benefits: (1) You may be able to make pre-tax contributions via payroll deduction through your employer, reducing your current income tax; (2) If you make contributions on your own using after-tax dollars, they're deductible from your federal income tax (and perhaps from your state income tax) whether you itemize or not; (3) Contributions to your HSA, and any interest or earnings, grow tax deferred; (4) Contributions and any earnings you withdraw will be tax-free if used to pay qualified medical expenses. Read on to see the key tax numbers for 2022 and 2023.

Mid-Quarter Market Update

by Laurie Barrett on Jun 9, 2022

June 2022- A challenging market environment continues in the second quarter. Though most risk assets have recovered somewhat over the past few weeks, volatility remains ahead. The economic slowdown induced by central bank tightening has begun. While we are closer to the bottom in equity markets, we are not out of the woods just yet. 

Grantor Retained Annuity Trust (GRAT)

by Laurie Barrett on May 23, 2022

May 2022- Grantor retained annuity trusts (GRAT) are estate planning instruments in which a grantor locks assets in a trust from which they earn annual income. Upon expiry, the beneficiary receives the assets with minimal or no gift tax liability. GRATs are most useful to wealthy individuals who face significant estate tax liability at death. In such a case, a GRAT may be used to freeze the value of their estate by shifting a portion or all of the appreciation onto their heirs. Please read on to learn more and call us so we can help!

Market Recap -- Q1 2022

by Laurie Barrett on Apr 27, 2022

April 2022- Surging inflation, the war in Ukraine, and recession fears made for a difficult start to the year for both equities and fixed income. Equities are experiencing their first correction since March 2020. The S&P 500 has dropped nearly 13% and the NASDAQ over 20%. Volatility remains the dominant force as the market digests Federal Reserve rate hikes, geopolitical turmoil, and continuing macroeconomic imbalances. Bonds, faced with sharply higher and rising interest rates, failed to fulfill their traditional role as defensive ballast. The average bond, as measured by the Barclay’s US Aggregate Index, is down 9% year to date.

Seascape's Investment Process

by Laurie Barrett on Mar 24, 2022

March 2022- Over the last several weeks, a few clients have called and asked if we were considering changes in their portfolios as a result of the recent volatility and geopolitical landscape.  One brought up that, being new to the firm, he hadn’t endured a market shock like this so it might be comforting to know why we were confident in our process in the first place.  We thought it was a very apt comment so took the inspiration and ran with it.    Below we offer a brief overview of our investment process.  We hope you find it helpful. 

Seascape Capital sponsors the Cross Roads House 20th Annual Benefit by the Sea

by Laurie Barrett on Mar 16, 2022

March 2022- Seascape Capital Management is a proud sponsor of the Cross Roads House 20th Annual Benefit by the Sea on May 7th at the Wentworth by the Sea. The Benefit by the Sea gala is a vital part of securing the necessary funds to continue providing shelter and life changing services for men, women, and children in our community who are experiencing homelessness. Please read on for the link if you want to get involved!

How We Can Work Together to Protect Your Information and Assets

by Laurie Barrett on Mar 10, 2022

March 2022- Cyber criminals exploit our increasing reliance on technology. Methods used to compromise a victim’s identity or login credentials – such as malware, phishing, and social engineering – are increasingly sophisticated and difficult to spot. A fraudster’s goal is to obtain information to access to your account and assets or sell your information for this purpose. Fortunately, criminals often take the path of least resistance. Following best practices and applying caution when sharing information or executing transactions makes a big difference. Please read on to learn how Schwab protects your account as well as best practices you should follow. Many suggestions may be things you’re doing now, while others may be new. If you have questions, we’re here to help.

Considering Ukraine And Russian Aggression

by Laurie Barrett on Mar 9, 2022

March 2022-We have all watched the crisis in Ukraine unfold in the media over the last two weeks.  Many US citizens and some of our clients have been fortunate enough until now to have been spared the real-time images of war on this scale.  Gut-wrenching and difficult to comprehend, it’s natural to feel helpless and yet still want to act to help and protect yourself. Last month we tried to put geopolitical conflicts in context vis-à-vis the market.  Here we briefly discuss a couple of very different aspects.

Did you know you can connect your two client portals? Here's how!

by Laurie Barrett on Feb 23, 2022

February 2022- If you have connected to the new Reporting Portal, you now have two connected Seascape client portals:  one for Reporting and one for Financial Planning, each with its own username and password. We agree that we all have far too many passwords to remember, so below we explain how to easily connect the portals. Once you complete this simple step, you need only log on once to access both. Read on to learn more: