What We Know: Despite a historic quarter for S&P 500 earnings, the index currently trades at roughly 18.7x earnings. This is well below its peak multiple from roughly a year prior.



What We Think: Market returns are driven by two factors: earnings growth and the premium that investors are willing to pay for those earnings, commonly called the market multiple. Higher interest rates and inflation could keep multiples compressed, so earnings will drive returns.

Here are a few more reasons why you shouldn't skip your annual planning appointment:

#32 Estate Planning: The Importance of Properly Naming Beneficiaries

You know how you want your wishes carried out and your assets distributed upon death. Naming beneficiaries helps ensure those wishes are carried out. Without named beneficiaries, some accounts will have a default beneficiary, often a spouse. Otherwise, the assets in those accounts will become part of your estate. You can rely on us to evaluate the big picture of your estate and support you as you determine your beneficiaries.


#39 Investment Process: Assessing Risk In Your Portfolio With Our Two-Step Process

We manage your combined portfolio through:

1) Balancing Risk - We work with you to determine your risk comfort zone and identify your overall investment objectives. Using those inputs to guide us, we personalize your portfolio to balance risk with your goals.

2) Diversification - We diversify your portfolio based on current market conditions and our models for income, stocks, and mutual funds. We constantly monitor and adjust our models as market and economic conditions change.

If you're not already scheduled for this year, call Allison Walker at (502) 873-0521 to schedule an annual appointment with your advisor.

Five Money Mistakes to Avoid
for Better Financial Health 


Spooky season is in full swing, but that doesn't mean that you have to be haunted by scary money pitfalls. A recent Investopedia article highlighted how you can avoid common blunders that can quietly drain wealth.

To avoid costly mistakes like a scattered portfolio, make sure you're meeting with your Legacy advisor annually to revisit and adjust your financial plan to reflect your current situation.

Are You Carrying Too Much Risk In Your Portfolio?

How Rebalancing Keeps Your Portfolio On Track


The investments in your portfolio grow at different rates. Better-performing assets grow faster and take up a larger share of your portfolio over time. This can skew your portfolio to carry more risk than you intended. Market fluctuations can also throw your portfolio out of balance. This is why annual check-ins are so important to maintaining a healthy portfolio.

This Raymond James article highlights how rebalancing works, and your Legacy advisor is always available to answer questions.

Call us at (502) 873-0521

Bruce McCrea - (502) 873-0522 or bmccrea@legacyfia.com

Bryan McCrea - (502) 873-0523 or mccreabs@legacyfia.com

Chris McCrea, CFP® - (502) 873-0524 or cmccrea@legacyfia.com

TC Falkner, CFP® - (502) 873-0526 or tcfalkner@legacyfia.com

Sheree Bollinger - (502) 873-0527 or sbollinger@legacyfia.com

Providing Peace of Mind for Your Financial Future

This material is confidential and has been prepared solely for the information of the intended recipient and may not be reproduced, distributed, or used for any other purpose or shared with anyone in any form or format. This has been prepared for you by Legacy Financial Independent Advisors, LLC (“Legacy”), an SEC registered investment advisor. The report contains information from third parties that Legacy believes to be accurate but has not independently verified, and the views expressed by these third parties do not necessarily reflect those of Legacy. Reference to registration with the Securities and Exchange Commission (“SEC”) does not imply that the SEC has endorsed or approved the qualifications of the firm or its respective representatives to provide any advisory services described on the report or that the Firm has attained a level of skill or training. The targets herein reflect analysis regarding potential outcomes, are presented solely for informational purposes and are not guarantees of future performance. Investments in securities are not FDIC insured, are not bank guaranteed and may lose value. Before investing, consider your investment objectives and Legacy charges and expenses. Legacy advisory services are designed to assist clients in achieving discrete financial goals. They are not intended to provide financial planning with respect to every aspect of a client’s financial situation, they do not incorporate investments that clients hold elsewhere, and they do not provide tax advice. Past performance does not guarantee future results, and the likelihood of investment outcomes are hypothetical in nature. Nothing in this presentation constitutes an offer, solicitation of an offer, or advice to buy or sell securities in jurisdictions where Legacy is not registered. ADV Part 2. Form CRS.


The CERTIFIED FINANCIAL PLANNER™, CFP^®, and federally registered CFP^® (with flame design) marks (collectively, the “CFP^® marks”) are professional certification marks granted in the United States by CERTIFIED FINANCIAL PLANNER™ Board of Standards, Inc. (“CFP^® Board”).

The CFP^® certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP^® certification. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. Currently, more than 87,000 individuals have obtained CFP^® certification in the United States.

To attain the right to use the CFP^® marks, an individual must satisfactorily fulfill the following requirements:

• Education – Complete an advanced college-level course of study addressing the financial planning subject areas that CFP Board’s studies have determined as necessary for the competent and professional delivery of financial planning services, and attain a Bachelor’s Degree from a regionally accredited United States college or university (or its equivalent from a foreign university). CFP Board’s financial planning subject areas include insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, and estate planning;
• Examination – Pass the comprehensive CFP^® Certification Examination. The examination includes case studies and client scenarios designed to test one’s ability to correctly diagnose financial planning issues and apply one’s knowledge of financial planning to real-world circumstances;
• Experience – Complete at least three years of full-time financial planning-related experience (or the equivalent, measured as 2,000 hours per year); and
• Ethics – Agree to be bound by CFP Board’s Standards of Professional Conduct, a set of documents outlining the ethical and practice standards for CFP^® professionals.

Individuals who become certified must complete the following ongoing education and ethics requirements in order to maintain the right to continue to use the CFP^® marks:

• Continuing Education – Complete 30 hours of continuing education hours every two years, including two hours on the Code of Ethics and other parts of the Standards of Professional Conduct, to maintain competence and keep up with developments in the financial planning field; and
• Ethics – Renew an agreement to be bound by the Standards of Professional Conduct. The Standards prominently require that CFP^® professionals provide financial planning services at a fiduciary standard of care. This means CFP^® professionals must provide financial planning services in the best interests of their clients.