Dear Friends & Clients of Frazier Financial,
Welcome to the final days of Summer 2021. Always first and foremost in our thoughts is a THANK YOU to our wonderful friends and clients. It has been a tumultuous year (or two!) in so many ways, and your trust and partnership are the keys to your financial success and to our jobs each day. Some updates on taxes, our team, and the future below…
New Child Tax Credit Payments in 2021 started being sent to bank accounts and mailboxes in July. Some of you likely received mysterious IRS deposits or checks. Approximately 39 million households will receive the new & enhanced Child Tax Credit. The American Rescue Plan legislation nearly doubled the prior Child Tax Credit. Half of the new credit is advanced to families in equal monthly payments through December 2021. This is separate from the prior three rounds of stimulus in 2020 and 2021.
“Eligibility” for the new Advanced payments is based on your 2019 or 2020 tax return. Eligible parents with kids under age six will get up to $300 per month, per child. Parents with kids ages 6 to 17 will receive up to $250 per month per child. The new credit begins to phase out for 2021 incomes above $150,000 married/$75,000 single, phasing out completely for incomes above $400,000 married/$200,000 single in 2021. Parents with significant income increases from 2020 to 2021 could possibly receive the advance payments, and then owe them back when filing their 2021 return. If you think this could apply to you and your family (incomes rising above $400,000 married/$200,000 single) contact your Primary Advisor at Frazier Financial. There is an IRS portal to “Opt Out” of these advanced payments and we can assist in that process.
The Frazier Financial team continues to grow in 2021. Since May, we’ve added two new faces to our office. Front Office Manager, Kari Deaton, comes to us from the hospitality industry. Colin White is our new Investment Operations Associate. Learn more about Kari & Colin on our website here.
As most of you know, our team leadership grew in early 2021. Josh Frazier is our CEO and Brian Houts serves as Chief Planning Officer (CPO). Jim Frazier serves as our Chairman of the Board and continues to guide the company. As part of Jim’s succession planning, those of you with 529, annuity or insurance accounts will begin to see Brian Houts’ name on your statements. This is only an administrative change on the account statements. There is no change to your regular contact person with Frazier Financial.
Our firm’s strong growth continues in 2021. Our increased scale benefits clients by allowing us to invest in best of breed technology and quality personnel. Did you know Frazier Financial was ranked 1 for Ohio in the Fastest-Growing RIA Firms by Financial Advisor Magazine? (Top 50 Ranking) While #1 in Ohio, we were also Top 50 in the United States. We are humbled that this growth comes only from trusted referrals. We cannot say thank you enough, but we will keep trying.
The time has come to announce, with mixed emotions, our departure from our cherished home of Dublin, OH. After years of thoughtful search and discussion, we are excited to announce our relocation to Lane Avenue in Upper Arlington. Our move will not occur until January 2022 at the earliest. More details will be shared with you all in the coming months.
Inflation, China, Delta Variant, and Afghanistan are all in the headlines today. Stay tuned to hear our thoughts in our imminent investment update.
Stay connected with us and our updates on social media. Visit and follow us on LinkedIn, Instagram, and Facebook. All three are @FFADublinOH or click here for a link to each page.
Thank you for the continued partnership!
Your Team at Frazier Financial