Addressing Common Client Questions

At Hill Investment Group, we recognize that when a few clients raise the same question, it’s likely that many more have similar thoughts. To better serve you, we’re introducing a new segment in our newsletter where we’ll address common questions and how we approach them. The goal is to address what’s top of mind for our clients. To submit questions for future newsletters, email us at info@hillinvestmentgroup.com

This month, we’ll debut our first frequently asked question:

“Hey Hill, how can I secure a high rate of return for my cash savings?”

Understanding Cash Savings:

Every investor has to hold on to some amount of cash. We all have daily bills and expenses, something big we’re saving for, or just want something set aside for emergencies. This is money you want to keep safe. As you’ve likely noticed, cash sitting in your bank account earns very little and it may feel like you’re missing out on potential earnings. The great news? You have options at your fingertips, that we can help you take advantage of.

Why does this matter? Ensuring cash is managed effectively is one of the best ways we can help you “pick up the pennies” of extra return around the edges of your portfolio. 

For earning a return on cash, we recommend three options, tailored to your specific situation:

• Money Market Funds

Money market funds invest in highly liquid, short-term debt instruments like US Treasury bills. These funds offer high liquidity and very low risk, making them a secure option. Investors in money market funds can expect a positive return, currently around 5%, matching the returns on short-term US government debt. We recommend money market funds for cash you plan to use within the next year. We can manage this investment for you, ensuring your cash earns the highest return with minimal risk.

• BOXX ETF

BOXX is an ETF providing money market-like returns but in an ETF format. This means returns are reflected in the increasing price of the ETF rather than as income. Since capital gains are taxed at a lower rate than income, holding BOXX for over a year could significantly enhance your after-tax return. 

We recommend BOXX for cash that you plan to hold for more than a year. We can manage this investment and monitor the holding period to maximize your after-tax return.

• Flourish – New Service Announcement!

We are excited to introduce Flourish, a new service for Hill Investment Group clients. Flourish removes the hassle of hunting for the highest savings account rate by partnering with over a dozen FDIC-member program banks to ensure you always receive the highest savings rate. Flourish links to your personal checking or business account and offers money market-like returns and up to $10 million in FDIC insurance. This all comes with no fees or minimums and a clean, user-friendly interface. 

We recommend Flourish as your high-yield savings account solution for cash held in personal accounts. We can help you set up Flourish to talk to your personal accounts hassle-free so you know you are getting the most out of your cash at all times.

We’ll be rolling out this service over the coming months, but if you are curious to dive deeper – Check out this 5-minute video. If you’re eager to start using Flourish now, email us, and we’ll send you an invite so you can start benefiting immediately.

We’re here to ensure your cash works as hard as you do. Let us help you maximize your returns with minimal risk.

Summary

This information is educational and does not intend to make an offer for the sale of any specific securities, investments, or strategies.  Investments involve risk and, past performance is not indicative of future performance. Return will be reduced by advisory fees and any other expenses incurred in the management of a client’s account. Consult with a qualified financial adviser before implementing any investment strategy.

As our compliance leader, I’m usually the one who says what we can’t do. Not this time. Effective immediately, I am pleased to announce a new way to communicate with us.

You can now text message our team anytime!

As always, our goal is to simplify your financial life, allowing you the freedom to focus on what truly matters. Communication is a vital part of our relationship, and we’re breaking down barriers, making that communication as easy as sending a text. Connect with our team effortlessly, anytime, from anywhere.

This innovation is more than a service; it’s a commitment to enhancing your experience with us. Embrace the freedom of effortless communication. Take the long view confidently, knowing your financial journey is constantly supported by a team just a text away.

Add any of these numbers to your phone and shoot us a text to test it out!

314-448-4023

615-369-0690

713-533-1200

We are excited to welcome Jack Gardner to the client service team at Hill Investment Group. We initially found Jack through a friend of Matt Hall’s wife (thanks Lisa!). Jack was looking for an internship to complete his studies at the University of Missouri, and while we had already filled our intern openings for the summer, we agreed to meet with Jack as a favor. Jack quickly impressed all of us at the firm with his work ethic, initiative, and desire to learn. It was an easy decision when it came to asking him to stay on full-time.

He is already making an impact in our clients’ lives behind the scenes, and we look forward to introducing you to him next time you are in the office.

And similar to Matt Hall, Jack is a cancer survivor. He had Classic Hodgkin’s Lymphoma when he was 18 years old and is now in full remission.

Please join me in welcoming Jack to the team!