Locke Advisory Services LLC

Locke Advisory Services LLC

Comments

Can't thank my clients enough for making 2021 one of our best years so far with a 41% increase in clients and 44% increase in assets under management! Look forward to working together in 2022 as we manage through the challenges of omicron, inflation, interest rates and market reactions in the coming year! Happy New Year!
Had the opportunity to do an episode on Off the Dome Radio with hosts Tim Ahlersmeyer and Colin Slager. Great guys who do episodes on all kinds of businesses with many different entrepreneurs, in fact, 175 episodes in total! Hope you enjoy the show and while you’re there, be sure to check out some of their other episodes! Shout out to Brandon Locke who connected me with his friend, fellow golfer and fellow Butler U. alum, Tim Ahlersmeyer in Indy.

https://offthedomeradio.fireside.fm/art-locke

Show Description:

In this interview, Art describes the process of leaving corporate life to start his own business. He also provides meaningful financial advice for professionals of all ages. To learn more about Art, you can visit his website at lockeadvisoryservices.com

Show Highlights:

4:45-12:45: Art goes into his background, his motivation to leave the corporate world, and the process of getting his business formed.
12:45-19:25: Art highlights the key lessons learned from serving as an executive for five public companies, what it's like running a business as a sole proprietor, and the types of clients he serves.
19:25-26:45: Art provides financial advice for young professionals fresh out of college.
26:45-38:00: We ask Art's opinion on cryptocurrency and the future outlook of the U.S. dollar.
38:00-47:15: Art talks about the impact of the internet on financial education and what he does to keep himself knowledgeable about current financial trends.
47:15-56:45: Art discusses money's impact on relationships and how to pick a quality financial advisor.
56:45-1:04:45: Art reflects on life lessons from golf, and he shares his thoughts on how he wants to be remembered.
I love to discover people with special talents at whatever they love to do. Hope you find your "special" in 2022! Happy New Year!

Here's to Chelsea Constable, a new talent discovery. Classic covers of Cream and Billy Gibbons:
https://lnkd.in/gGxXAk_9

https://lnkd.in/gPMWVmbc
You may have heard of proposed capital gains tax rate increases in the news recently and may be wondering how capital gains are determined, categorized and taxed in the first place. In this article we dive into what capital gains are, and more specifically how the capital gains tax works for both stocks and mutual funds. Thoughtful tax planning and sound investment management are the keys to minimizing the affects that the capital gains tax will have on you.

https://lnkd.in/dQb95-H4
Although the importance of saving for retirement is apparent to most Americans, oftentimes they don’t know how much they need to save. There are many different factors that determine how much each person needs depending on their unique situation, and it can be hard to decipher which factors pertain to you. To help, here are the most important factors to consider when determining how much you need for retirement. After determining how much you personally need, sound investment management, smart asset allocation and thoughtful tax planning are critical components to saving for retirement.

https://www.lockeadvisoryservices.com/How-Much-Do-I-Need-to-Save.c1029.htm
GameStop Rise & Fall: Extreme volatility with little fundamental change in its underlying business.
Hey folks - With 21 million confirmed cases of COVID in the US, we have a huge number of people who have recovered from COVID walking around with convalescent plasma that could be vital to people fighting for their lives against COVID. If you have had COVID or know anyone who has had COVID, please donate plasma. My friend, former colleague and client, Fred Avila, has been fighting for his life for the last few days. Doctors struggled to find convalescent plasma. Fred is at Hoag hospital in Newport Beach, CA. If you are in Newport Beach and fit the bill, please donate. Where ever you are and if you have recovered from COVID, you could give someone the gift of life. Please help today.
Breaking News: Cyber security firm, FireEye (ticker FEYE), today announced that it had been hacked, possibly by a government, leading to the theft of an arsenal of internal hacking tools typically reserved to privately test cyber defenses of their own clients. The hack of FireEye, a firm with business contracts across the national security space in the US and globally, is among the most significant breaches in recent memory. FireEye was down nearly 7% in after market trading.

This reminds us once again of the importance to be vigilant about our own cyber security. Beware!
According to a report by S3 Partners, short sellers of Tesla have lost more money this year than the US airline industry. $35 billion vs. $24.2 billion. No wonder Elon is smiling.

https://edition.cnn.com/2020/12/04/investing/tesla-short-sellers-elon-musk/index.html

We provide independent wealth management, personal financial planning and tax services to help individuals and families succeed. Independent Wealth Management, Personal Financial Planning & Tax

Art Locke, CPA/PFS, CFP is the founder of Locke Advisory Services LLC, a registered investment advisor in Virginia (www.lockeadvisoryservices.com).

Operating as usual

01/06/2022

Can't thank my clients enough for making 2021 one of our best years so far with a 41% increase in clients and 44% increase in assets under management! Look forward to working together in 2022 as we manage through the challenges of omicron, inflation, interest rates and market reactions in the coming year! Happy New Year!

01/03/2022

Had the opportunity to do an episode on Off the Dome Radio with hosts Tim Ahlersmeyer and Colin Slager. Great guys who do episodes on all kinds of businesses with many different entrepreneurs, in fact, 175 episodes in total! Hope you enjoy the show and while you’re there, be sure to check out some of their other episodes! Shout out to Brandon Locke who connected me with his friend, fellow golfer and fellow Butler U. alum, Tim Ahlersmeyer in Indy.

https://offthedomeradio.fireside.fm/art-locke

Show Description:

In this interview, Art describes the process of leaving corporate life to start his own business. He also provides meaningful financial advice for professionals of all ages. To learn more about Art, you can visit his website at lockeadvisoryservices.com

Show Highlights:

4:45-12:45: Art goes into his background, his motivation to leave the corporate world, and the process of getting his business formed.
12:45-19:25: Art highlights the key lessons learned from serving as an executive for five public companies, what it's like running a business as a sole proprietor, and the types of clients he serves.
19:25-26:45: Art provides financial advice for young professionals fresh out of college.
26:45-38:00: We ask Art's opinion on cryptocurrency and the future outlook of the U.S. dollar.
38:00-47:15: Art talks about the impact of the internet on financial education and what he does to keep himself knowledgeable about current financial trends.
47:15-56:45: Art discusses money's impact on relationships and how to pick a quality financial advisor.
56:45-1:04:45: Art reflects on life lessons from golf, and he shares his thoughts on how he wants to be remembered.

White Room - CREAM - "Jam Series" with special guest Greg Koch 01/01/2022

White Room - CREAM - "Jam Series" with special guest Greg Koch

I love to discover people with special talents at whatever they love to do. Hope you find your "special" in 2022! Happy New Year!

Here's to Chelsea Constable, a new talent discovery. Classic covers of Cream and Billy Gibbons:
https://lnkd.in/gGxXAk_9

https://lnkd.in/gPMWVmbc

White Room - CREAM - "Jam Series" with special guest Greg Koch Hello! Hope you all enjoy this new series. A very special thanks to Mr. Greg Koch for jamming on this one!

08/26/2021

www.lockeadvisoryservices.com

You may have heard of proposed capital gains tax rate increases in the news recently and may be wondering how capital gains are determined, categorized and taxed in the first place. In this article we dive into what capital gains are, and more specifically how the capital gains tax works for both stocks and mutual funds. Thoughtful tax planning and sound investment management are the keys to minimizing the affects that the capital gains tax will have on you.

https://lnkd.in/dQb95-H4

www.lockeadvisoryservices.com

How Much Do I Need to Save? 08/18/2021

How Much Do I Need to Save?

Although the importance of saving for retirement is apparent to most Americans, oftentimes they don’t know how much they need to save. There are many different factors that determine how much each person needs depending on their unique situation, and it can be hard to decipher which factors pertain to you. To help, here are the most important factors to consider when determining how much you need for retirement. After determining how much you personally need, sound investment management, smart asset allocation and thoughtful tax planning are critical components to saving for retirement.

https://www.lockeadvisoryservices.com/How-Much-Do-I-Need-to-Save.c1029.htm

How Much Do I Need to Save? Many realize it’s important to save for retirement, but knowing exactly how much to save is another issue altogether.

GameStop, Reddit, and Market Mania: What You Need to Know 02/07/2021

GameStop, Reddit, and Market Mania: What You Need to Know

GameStop Rise & Fall: Extreme volatility with little fundamental change in its underlying business.

GameStop, Reddit, and Market Mania: What You Need to Know Here's what you need to know about recent market volatility triggered by

01/05/2021

Hey folks - With 21 million confirmed cases of COVID in the US, we have a huge number of people who have recovered from COVID walking around with convalescent plasma that could be vital to people fighting for their lives against COVID. If you have had COVID or know anyone who has had COVID, please donate plasma. My friend, former colleague and client, Fred Avila, has been fighting for his life for the last few days. Doctors struggled to find convalescent plasma. Fred is at Hoag hospital in Newport Beach, CA. If you are in Newport Beach and fit the bill, please donate. Where ever you are and if you have recovered from COVID, you could give someone the gift of life. Please help today.

12/08/2020

Breaking News: Cyber security firm, FireEye (ticker FEYE), today announced that it had been hacked, possibly by a government, leading to the theft of an arsenal of internal hacking tools typically reserved to privately test cyber defenses of their own clients. The hack of FireEye, a firm with business contracts across the national security space in the US and globally, is among the most significant breaches in recent memory. FireEye was down nearly 7% in after market trading.

This reminds us once again of the importance to be vigilant about our own cyber security. Beware!

Elon Musk will love this: Tesla short sellers lost more than the US airline industry this year 12/08/2020

Elon Musk will love this: Tesla short sellers lost more than the US airline industry this year

According to a report by S3 Partners, short sellers of Tesla have lost more money this year than the US airline industry. $35 billion vs. $24.2 billion. No wonder Elon is smiling.

https://edition.cnn.com/2020/12/04/investing/tesla-short-sellers-elon-musk/index.html

Elon Musk will love this: Tesla short sellers lost more than the US airline industry this year The incredible year for Tesla stock has created a bloodbath for those shorting its shares.

6 Reasons to Work with a Financial Professional 11/23/2020

6 Reasons to Work with a Financial Professional

Is it time to work with a financial professional?
https://www.lockeadvisoryservices.com/6-Reasons-to-Work-with-a-Financial-Professional.c9324.htm

6 Reasons to Work with a Financial Professional Here are six reasons to work with a financial professional no matter what life stage you’re in.

New College Cost Data for 2020-2021 School Year 11/12/2020

New College Cost Data for 2020-2021 School Year

For those looking to put kids through college in the next few years, it's great to see the inflationary cost of college cooling down a bit.

New College Cost Data for 2020-2021 School Year Find out how much college costs increased for the 2020-2021 school year.

The Top Mistakes Millionaire Investors Regret Making 11/01/2020

The Top Mistakes Millionaire Investors Regret Making

Top Mistakes Millionaire Investors Regret Making

The deVere Group, a Zurich-based financial advisory firm, queried millionaires on the biggest investing errors they made before they became clients. The survey included 752 investors with investable assets of more than $1 million in the United Kingdom, Europe, Asia, Africa, the Middle East, Australasia, Latin America and North America.

More than a third (35%) of investors cited not having sought advice, 38% said they leaned too heavily on historical returns and 21% cited a lack of diversification. The survey said a collection of other mistakes and ‘do not knows’ made up the remaining 6%.

CEO and Founder Nigel Green said "It is encouraging that seeking advice is deemed fundamental to success by millionaires, as it shows that DIY investing and not having a regularly reviewed plan is, typically, a path full of costly pitfalls".

https://www.fa-mag.com/news/the-top-mistakes-millionaire-investors-regret-making-58592.html?section=43&utm_source=FA+Subscribers&utm_campaign=790a7b1788-FAN_Top_Stories_OS33_Envestnet_103120&utm_medium=email&utm_term=0_6bebc79291-790a7b1788-235986161

The Top Mistakes Millionaire Investors Regret Making A survey found that wealthy investors lament relying on guidance from historical returns.

Quarterly Market Review: July-September 2020 10/14/2020

Quarterly Market Review: July-September 2020

Hope you enjoy this quarter's market review! There will be plenty of political noise from both sides between now and the elections which will probably cause the markets to be volatile. The market has historically performed well during both Republican and Democrat presidencies. Try not to get caught up in short-term volatility and be sure to have an investment strategy based on short & long-term time horizons suitable for your life goals, career and retirement plans.
https://www.broadridgeadvisor.com/kt/HtmlNL.aspx?pvw=4DC968EC90318398AD38AA8212A5198EBEF51E6CB0119DC20D932C2CB414EDB052D7F47C6BB113018FC2BB06F538855FAF18CAC32F08C1FE9C808607048E43CFE0C82128A608CF25482DB6A806BDAEEA538A4F41467343B03F839494608CFC33CC63A44DA8545100A0D97A8FF82950F5F0C9D25ED7C62C714EB40B4B44B44B2A193CD4F3361E74922E4B10220213D6D2&platform=li

Quarterly Market Review: July-September 2020 See what the markets did in Q3 2020 in our latest market video.

Market Month: August 2020 09/01/2020

Market Month: August 2020

While the economy continues to heal, the stock market is riding to all time highs. Caution ahead. Enjoy the August Market Month!

Market Month: August 2020 Stock market indexes reach record highs in August on hopes of a virus vaccine.

Women Outpace Men in Degrees Earned (Sep) 08/18/2020

Women Outpace Men in Degrees Earned (Sep)

Women Outpace Men in Degrees Earned (Sep) Women attained more educational degrees than men at every level during the 2019-2020 academic year.

IRS List of Tax Scams to Watch Out For 08/14/2020

IRS List of Tax Scams to Watch Out For

Scammers are more clever and enticing than ever. It's important to be vigilant anytime but now more than ever. Be alert, don't be fooled!

IRS List of Tax Scams to Watch Out For Protect yourself from scammers at tax time by following these IRS tips.

05/14/2020

The use of electronic currency has been rising rapidly over the last few years (Venmo, PayPal, Zelle, etc.). COVID-19 could be the final death knell of physical currency. Does anyone really want to exchange bills, coins and checks anymore in the COVID-19 era and aftermath? Could governments around the world save billions by downsizing currency printing and stamping?

Locke Advisory Services LLC updated their phone number. 04/29/2020

Locke Advisory Services LLC updated their phone number.

Locke Advisory Services LLC updated their phone number.

Locke Advisory Services LLC updated their business hours. 04/29/2020

Locke Advisory Services LLC updated their business hours.

Locke Advisory Services LLC updated their business hours.

Locke Advisory Services LLC updated their info in the about section. 04/29/2020

Locke Advisory Services LLC updated their info in the about section.

Locke Advisory Services LLC updated their info in the about section.

04/01/2020

www.uschamber.com

The CARES Act provides substantial resources for individuals and small businesses. Here are a few small business resources to check out:

US Chamber Small Business Guide
https://lnkd.in/eHSzGxW

Paycheck Protection Program Loan Application
https://lnkd.in/ewARR7a

US Department of Treasury Coronavirus Assistance
https://lnkd.in/g7VatME

www.uschamber.com

03/22/2020

An Emergency Fund is a great asset to have during these unprecedented times. If you don't have one as part of your financial planning, consider building one as soon as we recover from this crisis. It's not a matter of if you'll need it, its a matter of when, how much and the right type of asset.

03/19/2020

For the many fortunate folks out there who will continue to work through this crisis or who are fine financially, please spend any money received from the government at a local small business! Our local business community and employees need our help now so they will be there with us when all this passes in the next few weeks/months.

03/17/2020

The Coronavirus pandemic continues to cause historic uncertainty in nearly every aspect of our lives. Today, the American Red Cross announced a blood shortage as the Coronavirus crisis has led to massive blood donation cancellations. Please consider going online or calling the American Red Cross to make arrangements as soon as you feel comfortable venturing out. In the meantime, please stay healthy!

03/12/2020

During market downturns, many believe that "everyone" is "selling". In fact, for every transaction, many forget there is a buyer AND a seller, otherwise, a transaction would not occur. So even during these "sell-offs", there are an even number of buyers and sellers. So what is actually happening? When one investor sells when the market is down 25% and another investor buys when the market is down 25%, its the difference between selling low and buying low. This may sound simple and obvious, but many seem to think there are only "sellers" during a "sell-off". History shows and may likely continue to show, that those who are buying or holding during market downturns instead of selling, may very well be the winners over the long term. It's a good idea to stick to a sound, long-term investment strategy during market downturns. Let's hope calm and rationality prevail.

02/25/2020

So far, our clients are receiving refunds in about 7-10 days for federal and 2-3 weeks for Virginia.

02/21/2020

Due Date Approaches for 2019 Federal Income Tax Returns

Tax filing season is here again. If you haven't done so already, you'll want to start pulling things together — that includes getting your hands on a copy of your 2018 tax return and gathering W-2s, 1099s, and deduction records. You'll need these records whether you're preparing your own return or paying someone else to prepare your tax return for you.

Don't procrastinate

The filing deadline for individuals is generally Wednesday, April 15, 2020.

Locke Advisory Services LLC

Independent Wealth Management, Personal Financial Planning & Tax

Locke Advisory Services provides independent wealth management, personal financial planning and tax services. As an independent advisor, the firm is dedicated to helping individuals and families make sound financial decisions, plan for their future and implement appropriate investment strategies. We serve our clients by providing thoughtful and diligent management of wealth, financial planning, individual tax and business services. Our first priority is to listen and learn about your dreams and goals, and where you want your life’s journey to go. Our ultimate goal is to help you succeed.

The core value of our Firm is our commitment to work in the best interests of the clients we serve. Trust, Independence, Integrity, Competence, Experience. We are dedicated to building trusted, objective and long-term relationships with our clients. We do this by providing independent, personalized, knowledgeable, and comprehensive advice with the highest degree of integrity and customer service. As an independent, fee-only advisor, the Firm does not receive commissions, bonuses or fees related to the purchase or sale of securities, insurance or other products recommended to and purchased by our clients. If you, your family, friends, clients or colleagues are looking for investment management, personal financial planning or individual tax, please contact us at [email protected] and visit www.lockeadvisoryservices.com for additional information. Be sure to follow us for interesting articles, information, commentary and updates.

Products

Wealth Management
Investment Management
Financial Planning
Tax Planning & Preparation

Telephone

Address


19879 Mellon Circle
Ashburn, VA
20147

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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