In The News

AUSTIN FRYE RECOGNIZED AS ONE OF LPL FINANCIAL’S TOP FINANCIAL ADVISORS

April 12, 2018 | posted in: Blog, Frye Happenings, In The News | by

Miami, FL — April 12, 2018 — Austin Frye, J.D., M.B.A., C.F.P.(R), an independent LPL Financial advisor at Frye Financial Center in Aventura, today announced his inclusion in LPL’s Chairman’s Council.  This premier award is presented to less than 2% of the firm’s approximately 15,000 advisors nationwide.   Read More  »

Austin Frye Interviewed by MarketWatch About Financial Concerns by Income Level

February 25, 2018 | posted in: Blog, Financial Insights, In The News | by

Here’s what Americans earning less than $40,000 and over $100,000 worry about (and the middle class is split right down the middle).
Ali Malito, writing for Marketwatch, asked Austin for his thoughts on the differences on what different income groups worried about, financially. “Retirement. Saving. College. Will. Low-income families are too worried about day-to-day expenses and surviving to think about the long term, financial advisers say, and income inequality keeps these two types of households widely separated. “They need to take care of safety and shelter first,” said Austin Frye, founder and chief executive officer of Frye Financial Center in Aventura, Fla.   Read More  »

Austin Frye Interviewed by Consumer Reports About Preventing Elder Financial Abuse

February 9, 2018 | posted in: Blog, Financial Insights, In The News | by

Regulators are stepping up efforts to protect seniors, but you still need to build your own safety net.
  According to Penelope Wang of Consumer Reports, “By one estimate, older Americans lose up to $30 billion a year to elder financial abuse—the misappropriation of their money by con artists or thieves who are total strangers to them or even trusted friends or family members.  These crimes often go unreported because victims are ashamed to speak up or are unable to do so.  But that may soon start to change. The government and the financial services industry are finally taking steps to encourage people who are in a position to spot elder financial abuse—including brokers, bankers, and financial advisers—to act on and report what they see.”   Austin shared his thoughts about how to prevent elder financial abuse:   Read More  »

Austin Frye Interviewed by Investment News About Clients’ Reactions to Current Market

January 30, 2018 | posted in: Blog, Financial Insights, In The News | by

As stocks have soared this year, some clients need their fears calmed, while others ask about investing more.
John Waggoner of Investment News interviewed Austin for an article discussing clients’ reactions to the current market conditions.  As he explains, “Despite the sell-off Monday and Tuesday, the stock market’s strength this year (and over the previous 12 months) has been breathtaking. Advisers are being hit with two questions: Should I cash in my chips? Or should I add more to the pot?  It’s a big decision, prompted by big moves in the stock market. As of the close of trading Monday, the Standard & Poor’s 500 index had soared 6.8% so far this year, including reinvested dividends, according to Morningstar Inc. That’s more than half the 10.2% average annual return from large-company stocks since 1926. Nearly 60 U.S. domestic mutual funds have already beaten the long-term average this year.”   Read More  »

Austin Frye Interviewed by Reuters regarding Estate Planning

January 18, 2018 | posted in: Blog, Financial Insights, In The News | by

Your estate plan needs an update, even if it is new.
As Beth Pinsker of Reuters said, “Got a dusty old binder with your will and estate plan? Even if you had your paperwork set up a few years ago, all of your documents are now out of date, thanks to new tax laws that went into effect at the turn of the year.”   She spoke with Austin to get his thoughts on the estate planning implications of the new tax bill. “Austin Frye, a financial planner based in Aventura, Florida, said his practice does more trusts now than ever, and he expects that to continue.   Read More  »

Austin Frye Interviewed for Bloomberg Businessweek

December 1, 2017 | posted in: Blog, Financial Insights, In The News | by

Stock Wealth Surges for the Oldest Americans While the Young Miss Out
“Many households reduced their equity investments from 2007 to 2016. Those headed by people 75 and over loaded up.” Interviewed by Jordan Yadoo and Ben Steverman, Austin shared his perspective on why baby boomers’ portfolios are “booming” while younger investors’ may not be.   “Financial advisers say there’s also a particular reason some retirees are choosing stocks now. “There’s a lack of alternatives out there,” says Austin Frye, a financial planner at FryeFinancial Center in Aventura, Fla. Yields on bonds are at near-record lows, while the most generous banks pay savers rates of barely 1 percent per year. As a result, dividend-paying stocks have become popular among seniors because they generate income.   Read More  »