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Akin Investments Jackson, Mississippi

Wealth Management

Each client is unique; therefore, we strive to custom-tailor each investment portfolio and design strategies necessary to work towards each client's unique needs, while ensuring all interests are aligned.

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Investment Consulting

In addition, our advisors are supported by our Investment Team who are consistently committed to pursuing solid investment strategies:

  • Portfolio Performance Analysis

  • Risk Evaluation

  • Investment Time Horizon

  • Asset Allocation

  • Assessment of Impact of Costs

  • Assessment of Impact of Taxes

  • Withdrawal Strategies

  • Stock Concentration Divesting Strategies

  • Dollar Cost Averaging

  • Review of Outside Investments

  • Complete Picture Approach

Estate Planning

Our financial planning team focuses on developing comprehensive strategies to help achieve your financial goals.  We strive to provide customized planning solutions that inspire confidence and help secure your financial future.

  • Wealth Enhancement

  • Wealth Transfer

  • Wealth Protection

  • Charitable Giving

  • Life Insurance Needs Analysis

  • Estate Planning

  • Gifting

  • Education Planning

  • Caring for Elderly

Asset Protection & Risk Management 

Our clients enjoy the satisfaction of knowing relevant assets will be accounted for and available strategies will be considered. We listen intently, assess your needs, and then help you create a path that leads you toward your desired outcomes. We strive to identify risks that could impact your situation such as

  • market risks

  • liability risks

  • moral obligations to family

  • legal risks from business ventures.

We will evaluate strategies to help reduce potential exposure to the loss suffered from unforeseen events.

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Rising interest rates tops list of muni concerns in 2022
11/01/2022
Jessica Lerner
Major challenges for the public finance industry abound but rising interest rates is the largest concern for business in 2022, market participants said in a Bond Buyer/Arizent Research survey.
Rising rates
 “We've had an unprecedented era of low rates," said Stephen Akin, founder of Akin Investment, a registered investment advisor. "Inflation really could get away from the Federal Reserve; it's not out of the realm of possibility.” https://www.akininvestment.com/post/rising-interest-rates-tops-list-of-muni-concerns-in-2022By Jessica Lerner January 11, 2022, 10:36 a.m. EST 5 Min Read Major challenges for the public finance industry abound but rising interest rates is the largest concern for business in 2022, market participants said in a Bond Buyer/Arizent Research survey. Nearly 60% of respondents said rising interest rates are their biggest worry, followed by regulatory requirements or changes at 45% and a lack of face-to-face communication and market volatility at 37% and 36%, respectively. Ongoing threats from the coronavirus, inflation and legislative inertia on muni issues in Washington, among other factors, also led a majority of those in municipal finance to believe a full economic recovery won’t be reached until at least July. Thirty-five percent of respondents said they believe a full economic recovery will happen in the second half of 2022, while 40% said they don’t believe it will happen until 2023. Fifteen percent believe it will occur during the first half of this year, and 10% believe the economy has already recovered. Rising rates “We've had an unprecedented era of low rates," said Stephen Akin, founder of Akin Investment, a registered investment advisor. "Inflation really could get away from the Federal Reserve; it's not out of the realm of possibility. https://www.akininvestment.com/post/preparing-for-liftoff The Federal Reserve has begun reducing its asset purchase program and it expects to zero out those buys by June. At least three rate hikes are expected in 2022, with some analysts anticipating a fourth. “That's going to cause people to look at their analysis and go, ‘OK, where are we sitting?’ Hopefully, they will come to the realization that even if rates rise a little bit, by any rational, historic comparison, they're still going to be very low,” said Barry Fink, executive director of the Minnesota Higher Education Facilities Authority. Infrastructure 
 In terms of municipal bond volume in 2022, 90% of respondents believe it will match or exceed 2021 levels. “Overall, in terms of issuance, we’ll probably see a roughly similar year [to 2021] in terms of innovative procurements and other things like that, with most of that new activity happening in the back half of the year,” said Jim Ziglar, a principal at Rebel, an infrastructure advisory firm. President Joe Biden signed the $1 trillion Infrastructure and Investment and Jobs Act into law in November and three-quarters of the respondents see the IIJA as having a positive impact on the public finance landscape. https://www.akininvestment.com/post/infrastructure-investment-and-jobs-act But provisions the muni industry was seeking, such as the restoration of tax-exempt advanced refundings and a reboot of a direct-pay bond program, were left out of the package. Their exclusion was felt as a setback for many in the industry. Reviving advanced refundings was the main legislative objective for nearly half of market participants, or 47%, who responded to the survey. The next legislative vehicle for that and other provisions to be considered is through the Build Back Better negotiations, which are contentious and fluid. “It’s possible that we could see an increase in issuance and volume this year, but that’s contingent on what happens with the Build Back Better bill,” Ziglar said. Lawmakers are unlikely to include the “kind of municipal bond provisions that the industry wanted,” according to Joseph Krist, founder of Muni Credit News LLC. “There’s not going to be quite as much flexibility as there might have been, and that will slow some kinds of projects.” “With the muni provisions failing to get any love from the infrastructure bill, we may see a lot more taxable [debt]. That might happen," said Rudy Salo, a partner at Nixon Peabody LLP, although it will depend upon interest rates and how far they go up. Taxable refundings may increase due to a lighter year in 2021 when issuers were holding back in the hopes for the return of exempt refundings. Candidates for refundings that were not done may be pushed into the early part of 2022. ESG and munis
 One of the fastest-growing focus areas in the municipal market is environmental, social and governance factors. Half of survey respondents expect the growing focus on ESG factors to accelerate growth, though one-in-eight believe it will reduce growth. Two-thirds of respondents would change their businesses if regulators focus on environment, social and governance issues. While the industry lacks uniformity on ESG standards, many believe 2022 could be the year to spark further discussions on standardization as investors demand more information on ESG factors and regulators begin to delve into assessing them. The Municipal Securities Rulemaking Board’s priorities for 2022 include responding to its recently released request for information on ESG. https://www.akininvestment.com/post/when-might-you-see-esg-issues-align-with-stock-performance https://www.akininvestment.com/post/what-happens-to-your-esg-investment-when-money-s-tight-for-others “Investors are looking for that more, so it's something that issuers are going to have to respond to,” Fink said. “The industry has to come to grips with how they're going to treat the concept of ESG, and how it's going to be understood and valued,” Krist said. “Because that could wind up being one of the great hooks for nontraditional money — overseas investors, sovereign wealth funds — into the municipal market.” Additionally, nearly 9-in-10 see electronic trading and artificial intelligence/machine learning having a larger role in the municipal market in the next five-plus years. The report was conducted online during October among 137 participants, including qualified issuers, analysts, asset managers and others. Jessica Lerner Markets Reporter, Bond Buyer
Here’s How To Gift Stock Shares to Your Loved Ones This Holiday Season
15/12/2021
Harlan Vaughn
Can You Give Stocks as a Gift? Yes, you can absolutely gift stocks. There are a few ways to do it.
Here’s an interesting stocking stuffer this holiday season: shares of stock. If someone in your family wants to start investing, or you’re looking to build generational wealth, gifting stock can be a powerful solution. That way, the person receiving your gift can follow the financial markets and how their stock reacts to different events while growing over time. If the gift is for a child, they can take over the account when they’re old enough with the added benefit of time in the market. Let’s look at how to gift stocks this holiday season. Can You Give Stocks as a Gift? Yes, you can absolutely gift stocks. There are a few ways to do it. The first scenario is when you have stock that already has gains. A gain means the price of the stock has gone up and costs more than what you bought it for. You can gift those gains to another recipient without paying taxes, particularly if the recipient is in a lower tax bracket. “As a general rule, you want to give stock that’s appreciated, not only to charities, but to individuals,” says Michelle Kaizen, Managing Director, certified financial planner, and CDFA at HCR Wealth Advisors. Another way to gift stock is to set up a custodial account, sometimes referred to as an UGMA/UTMA account in reference to the Uniform Gifts to Minors Act or the Uniform Transfers to Minors Act, which is intended for children under age 18. There are no contribution limits, though accounts must be funded with after-tax dollars. This is a way to create generational wealth because the child will eventually get full control of the account when they’re an adult (exact age varies by state, but is usually between 18 and 21). You can give $15,000 per year to anyone without filing a gift tax return. This is a good way to set someone up with an investment account or transfer stock without tax implications. Of course, everyone’s situation is different. Be sure to consult a tax professional for your specific situation. The only caveat with these methods is that you usually need to have the recipient’s Social Security Number to set up an account or have their account number to transfer stock into their existing accounts. How to Gift Stocks You Already Have in Your Account You’re able to initiate transfers of stock, mutual funds, and other securities you hold in your accounts to various other account types. Again, the biggest logistical hurdle is that you’ll need the recipient’s Social Security Number or account number to set up the transfer, which can take the surprise element out of the gift. If there’s a way to get the information from another family member, such as a parent or spouse, finding extra stock in an account could be an exciting gift for the recipient. If they don’t already have an account, you could open for them as part of your gift. You can start the transfer process online in your own brokerage account. If you can’t find the option online, contact your brokerage for assistance. “It’s super easy to make a transfer. It’s a very seamless process,” says Katzen. “If you want to transfer a stock you don’t already own, you’ll need to purchase it in your account before you transfer it to someone else,” adds Stephen Akin, registered investment advisor at Akin Investments. Which Accounts Should You Open as Gifts for Family Members? There are several accounts to choose from.A 529 account is a college education savings plan sponsored by a state or state agency, but keep in mind that these accounts usually only accept cash, although you can purchase stocks inside of them. Recipients can use the funds for education-related expenses at most colleges and universities. “This is a great account because the value of currency keeps going down and the cost of education keeps going up,” says Akin. Custodial accounts (sometimes referred to as UGMA/UTMA accounts) are another option that transfer to the recipient when they’re of legal age, which is between 18 and 21 in most states. These accounts can be used for any purpose, although it’s important to keep in mind that any gains are considered income and the recipient will have to claim them when they’re old enough. Also, this account is considered an asset and will have to be reported as part of any financial aid process. If the account has a lot of money in it, it could prevent the recipient from receiving financial aid, grants, or certain scholarships. You could also open a Roth IRA account. With this account, you can only contribute as much money as the minor made in a calendar year. The income can be from any source, such as mowing yards or shoveling snow, but has a limit whereas other account types have higher (or no) contribution limits. Another thing to note is that gifts to individuals are considered non-marital assets, which could be important should the recipient ever go through a divorce. What About Giving to Charity? Each charitable organization works a little differently. “Giving stocks to a charity is the best way to give to charity because it’s a win-win on both sides. They’d have to give you their account details and not every charity accepts stocks, so be sure to ask if that’s something you want to do,” says Katzen. “If you bought a stock for $10 and it’s worth $1,000 today, the charity would get the entire $1,000, and you’d get to utilize it as a $1,000 charitable contribution on your tax return. So both sides win this way.” Bottom Line Gifting stocks is an excellent way to pass on money and create generational wealth. It’s also a great way to give to charitable organizations. There are various account types, each with their own limits and ways to transfer money. In most cases, you’ll need personal information about your recipient to initiate a transfer, such as their Social Security Number or account information. PRO TIP You can legally gift up to $15,000 per year to any individual. Keep in mind, you’ll need some personal information to set up a new account – and time in the market may be the best gift of all. It’s also an opportunity for someone to learn about investing and to get a big financial boost for crucial life moments, such as attending college or getting married. Consider gifting stocks or opening a stock account for an individual if this sounds appealing or you want to create generational wealth within your family. Be sure to weigh the tax implications and consult a professional if you have questions about your specific situation.
Akin Investments with Stephen Akin
08/07/2021
Fanele Moyo Business Digest Magazine
FINRA Series 65 Registered Investment Advisor, Stephen Akin is an independent, fiduciary advisor with over 35 years of investing experience
Akin Investments with Stephen Akin https://www.akininvestment.com/post/akin-investments-with-stephen-akin
What is a Broker Dealer?
29/06/2021
Paulina Likos
A broker-dealer is a key player in the financial markets. Jun 29, 2021
To hedge their risk, market makers must be keenly aware of market conditions and volatility, says Stephen Akin, founder and advisor at Akin Investments. "They may deploy strategies on various types of indexes that could be closely in tune with the issues that they are trying to make the market in, as well as consideration for market volatility," he says. https://www.akininvestment.com/post/what-is-a-broker-dealer
The Unexpected Dangers Of Paying Off Student Loans With Your 401(k) Savings
15/12/2019
Chris Carosa
Have you ever heard the phrase “sometimes the cure is worse than the disease”? This may be one of those cures.
The data suggests more problems with this concept. Even those that do save for retirement may have savings too meager to use for student loans. “The Report on the Economic Well-Being of U.S. Households revealed that only 36% of non-retired adults think their retirement savings are on track,” says Stephen H. Akin of Akin Investments, LLC in Biloxi, Mississippi. “The report went on to say that about one third of middle-class adults can’t afford to cover a $400 emergency. https://www.forbes.com/sites/chriscarosa/2019/12/15/the-unexpected-dangers-of-paying-off-student-loans-with-your-401k-savings/?sh=5c812bd3a20c
Focus On These Year-End Tax Tips Right Now
12/12/2019
chris carosa
Yet, the clock is ticking. Once the old year turns over to the new, a curtain of opportunity slams forever shut.
You may not be in a position to convert to a Roth IRA, but that doesn’t mean you’re off the hook when it comes to tax strategies, especially if you contribute to a company sponsored 401(k) plan. “As year-end approaches it’s important to be sure that you’ve met the maximum allowable contributions to your retirement plans,” says Stephen H. Akin of Akin Investments, LLC in Biloxi, Mississippi. https://www.forbes.com/sites/chriscarosa/2019/12/12/focus-on-these-year-end-tax-tips-right-now/?sh=69ccad8343ea
Why Are We Seeing More Cases of “Fear of Spending” Among Retirees?
20/12/2019
Christopher Carosa CTFA
We hear all about “not saving enough” when it comes to retirement, but there’s another issue that can be worse: “not spending enough.”
We hear all about “not saving enough” when it comes to retirement, but there’s another issue that can be worse: “not spending enough.” After a career focused on saving, when it comes time to retire, the saving tap is turned off and the spending tap is (supposed to be) turned on. For many retirees, that’s when the sudden fear of spending kicks in. And there may be indications this phobia is reaching pandemic levels. “Yes. I have noticed a reluctance to spend as the cost of living goes up,” says Stephen H. Akin of Akin Investments, LLC in Biloxi, Mississippi. https://fiduciarynews.com/2019/12/why-are-we-seeing-more-cases-of-fear-of-spending-among-retirees/
After the markets’ worst week since 2008, Wall Street takes a deep breath and braces for Monday
28/02/2020
ERIK SHERMAN
Weekend Respite
"I was a young broker with PaineWebber back in October of 1987," noted registered investment advisor Stephen Akin. "There are a number of similarities in the market over the past few months. Yes, the weekend will be a wonderful respite." https://www.akininvestment.com/post/weekend-respite
Learn These 2019 Market Lessons Or Doom Yourself To Repeating Avoidable Mistakes
18/12/2019
Chris Carosa Senior Contributor RETIREMENT
If you didn’t learn the lesson of staying put in volatile markets until 2019, then you may have learned it too late
Stephen H. Akin of Akin Investments, LLC in Biloxi, Mississippi, warns, “Don’t overreact to short term market fluctuations. The late 2018 decline pushed some retirement account investors into cash that resulted in them missing out on the 2019 market recovery to new all-time highs.” https://www.forbes.com/sites/chriscarosa/2019/12/18/learn-these-2019-market-lessons-or-doom-yourself-to-repeating-avoidable-mistakes/?sh=1d3a4c0d7805
5 reasons why you should add beneficiaries to your accounts right now
10/04/2020
by James Royal, Investing and wealth management reporter
Here are five reasons why you should consider adding beneficiaries to your accounts right now, especially in the midst of the coronavirus pandemic where thousands of families are facing unexpected losses of life as a result of the outbreak.
1. You want the heirs of your choice to receive your assets By naming your beneficiaries, you ensure that your money goes where you intend for it to go. That could be to a relative who really needs the financial assistance, a charity that’s close to your heart or whomever you want the money directed to. Without clear directions as to your wishes, executors or the state will follow only what the law says in distributing your assets. “When you name beneficiaries you ensure that after you die, your assets go to the people or charities you choose,” says Stephen Akin, a registered investment adviser at Akin Investments in Biloxi, Miss. By naming a beneficiary, that person becomes “first in line to receive assets upon your death,” says Akin, noting that it’s not necessary to be married to the beneficiary. While spouses often leave all their money to each other, naming a beneficiary also means that your assets will go to whom you want and you won’t have to rely on the good faith of a spouse. https://www.akininvestment.com/post/5-reasons-why-you-should-add-beneficiaries-to-your-accounts-right-now
When Might You See ESG Issues Align With Stock Performance?
09/07/2020
by Chris Carosa
Recently I participated in an article for Forbes.com by Chris Carosa Here is an excerpt:
“Let’s say a community has rusty water,” says Stephen Akin of Akin Investments, LLC in Biloxi, Mississippi. “A company comes in and overhauls the waterworks. People pay their bills. The company pays out a portion as a dividend and retains the remainder of the earnings. The stock goes up. Everyone is happy.” https://www.akininvestment.com/post/when-might-you-see-esg-issues-align-with-stock-performance
‘The common theme is fear and panic’ Fortune.com
27/03/2020
ERIK SHERMAN
‘The common theme is fear and panic’: These are the lessons learned from the past 3 bear markets
Stephen Akin, a registered investment adviser who worked for some major brokers back then, and his wife were sailing enthusiasts. On a vacation in St. Thomas, they saw a sweet sailing yacht at the dock. On the back was painted the name, Dot Calm. “When I saw that boat in St. Thomas, that was the first red flag for me,” Akin says. The owners had cashed out while they could. Most were not so lucky. “It was amazing how long it went,” Akin says. “When you’re in a rising market like we had in the ’90s, everyone kept thinking it would go and go and go.” Until it didn’t. Akin remembers not just the power, but the danger, of leverage and overextension. “[Former Federal Reserve chair Alan] Greenspan’s philosophy thought self-preservation would keep the banks and hedge funds in line, because no one wanted to die.” That rational self-interest would be the corrective safety brake. https://www.akininvestment.com/post/the-common-theme-is-fear-and-panic-fortune-com
What Happens To Your ESG Investment When Money’s Tight For Others?
22/07/2020
Chris Carosa Senior Contributor
Forbes.com EDITORS' PICK | 58,483 views|Jul 11, 2020,10:43am EDT
It’s not just actual products. To establish an ESG appeal to its entire product line, a company might take actions that align themselves with causes positioned to show support for ESG issues. Of course, investing in these “ESG-affiliates” does pose some risk. “In some cases, we see statements from companies making products that when you make your purchase from them the company will donate funds to an ESG cause,” says Stephen Akin of Akin Investments, LLC in Biloxi, Mississippi. “In the event the company doesn’t follow through on those donations, then buyer’s remorse will set in and turn the young consumer away from the product they once loved.” https://www.akininvestment.com/post/what-happens-to-your-esg-investment-when-money-s-tight-for-others
Podcast: The Why I Became a Financial Planner
02/06/2021
Kojo Thompson
The Why I Network Why I Became a Financial Planner with Steve Akin MAY 30, 2021 KOJO THOMPSON
Steve began his career in the early 80s and worked with two major wall street firms including Morgan Stanley Dean Witter. In the fall of 2015 he began the process of setting up my own independent firm and is now the CEO and founder of Akin Investments. http://www.akininvestment.com/post/the-why-i-became-a-financial-planner
To Vote Or Not To Vote, That Is The Proxy Question For The Retirement Plan Fiduciary
15/09/2020
Christopher Carosa, CTFA
Fiduciary Duties Regarding Proxy Voting and Shareholder Rights.
“Investors should vote proxies, even if the shareholder only has a small position in the company,” says Stephen H Akin, a Registered Investment Adviser with Akin Investment, LLC in Biloxi, Mississippi “Bringing the small holder into the process is good for both parties. It brings the shareholder closer to the company. Shareholders always know more about their holdings after the process is completed. The companies often use the participation rate and data of small holders for insight into who represents their broad base of stockholders.” https://fiduciarynews.com/2020/09/to-vote-or-not-to-vote-that-is-the-proxy-question-for-the-retirement-plan-fiduciary/#share
Book Value vs Market Value: The key difference
08/09/2020
Paulina Likos
These metrics can be used independently and together when valuing a company's stock.
A company's market value is the value of a stock traded on public markets. It's the cost or financial worth of a company according to the financial markets, otherwise viewed as the price shareholders are willing to pay for a company's stock. Market value determines the maximum price at which a stock can be bought and can be calculated at any point. The market value changes constantly in the marketplace, says Stephen Akin, investment advisor at Akin Investments in Biloxi, Mississippi. "The stock of a company may change rapidly depending upon company developments and market conditions," he says. The factors that go into calculating this measurement are the stock's market price and the outstanding number of shares. By multiplying both of these figures, investors determine the company's market capitalization, or the market value of a company: https://www.akininvestment.com/post/book-value-vs-market-value-the-key-differences
With online shopping not-so-tall guys get the short end of the stick
15/01/2021
Meehika Barura
As buying online becomes the norm, menswear brands need to find a way to serve the millions of customers they’re currently missing. Namely: short kings
For Stephen, who lives in Biloxi, Mississippi, shopping for clothes means driving 50 to 100 miles to get anything that fits. As a 5-foot-8 retired investment advisor, online shopping had little to offer as the virus has changed the world’s shopping habits. “I still find the need for suits and ties. One of my biggest challenges is finding my size,” he says. “It’s a lot easier to find a store with an old-fashioned tailor where they custom-fit things. Unfortunately, that’s becoming harder and harder to find during a pandemic. Now that retail has taken such a financial hit it’s going to be worse in the future.” https://melmagazine.com/en-us/story/mens-clothing-for-short-guys-buy-online
Financial Advisors Understand COVID 19 Bill
28/12/2020
Kate Stalter
Financial Advisors need to know about the Coronavirus relief package
Stephen Akin Founder and investment advisor representative Jackson, Mississippi wishes the stimulus had passed before Thanksgiving, but he's happy it eventually arrived. Akin notes the significance of the $325 billion available for small businesses. He also sees an effect for investors. "The financials will benefit from this reinforced funding for the PPP. It is interesting that the financials have firmed up a bit in the market," he says. "It would be a positive if that sector would finally begin to lead as the market works higher." Read the Full article below: https://money.usnews.com/financial-advisors/articles/what-financial-advisors-should-know-about-the-coronavirus-relief-bill
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