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Securities offered through Cetera Financial Specialists LLC (doing insurance business in CA as CFGFS Insurance Agency), member FINRA/SIPC. Advisory ser-

vices offered through Cetera Investment Advisers LLC. Cetera entities are under separate ownership from any other named entity.

HOLISTIC NEWS

“As sure as the

spring will follow the

winter, prosperity

and economic

growth will follow

recession. “

- Bo Bennett

In This Issue

• Congrats Stacy!

• Market Outlook

• Special Topic

• Summer BBQ

• Important Notes

2Q MARKET REVIEW

Global equity markets gained 0.5% during the second quarter, as

measured by the MSCI ACWI Index, and outperformed the -1.3%

return for the BofA Merill Lynch Global Broad Market Index. *

Global equities continued to benefit from accommodative central

bank policy, but markets declined in June as concerns related to

Greece’s debt crisis intensified. Signs of economic progress in Europe contributed to a

pullback in bonds, as yields on European government debt rose from historical lows. For

the first half of 2015, global equities rose 3.0% while global bonds returned -2.9%.

The S&P 500® Index of large cap US stocks returned 0.3% for the quarter, trailing global

equities, but posted their 10th straight quarterly gain. Small cap stocks, as measured by the

Russell 2000® Index, edged large caps with a 0.4% return on strength in more growth-

oriented sectors. Healthcare stocks rose 2.8%, while benefiting from strong earnings,

merger activity, and gains from biotechnology companies. Conversely, Utilities returned -

5.8% with concerns over elevated valuations and a rise in interest rates. Real estate

returned -9.1%, and like other higher income-producing sectors was impacted as bond

yields rose.

The MSCI EAFE® Index of international developed stocks beat the US market with a 0.8%

gain for the quarter. Currency effects boosted returns with the euro appreciating versus

the US dollar.** Japan’s 3.1% return lifted the broader Asian region, as stocks benefited

from continued government stimulus.** Europe was led by UK stocks, while uncertainty

related to Greece and the Eurozone weighed on Germany. Emerging markets matched

developed markets with a 0.8% return.** China rose 6.2% for the quarter, even as local

sentiment shifted in June, and stocks declined sharply from their highs. **

In fixed income, the Barclays US Aggregate Bond Index returned -1.7% during the quarter

and -0.1% for the year. Longer-term bonds suffered larger declines as bond yields rose,

with the prospect of the US Federal Reserve (the Fed) raising interest rates in the coming

months.

* Index returns from Morningstar Direct ** Source: Ibid *** Article supplied by Assetmark

What’s New at Holistic Wealth Advisors July 2015

2015 Referral

Raffle Contest!!

For each referral you send to

HWA you will be entered into

our end of year raffle draw-

ing for a $100 gift card!

Do you have a friend,

neighbor, colleague, or

family member that is:

- Retiring?

- Moving?

- Tired of D.I.Y.?

- Ready to invest?

- In need of professional

wealth & retirement

planning?

- If so, please forward

our office number and

email or call our office

with your referral infor-

mation. We will gladly

set up an appointment

and review their person-

al situation.

CONGRATS STACY! Stacy Clifford, President of Holistic Wealth Advisors, was recently honored as

one of Cetera Financial Specialists’ top advisors at the firm’s annual Connect

conference held in San Antonio, Texas. This year’s conference celebrated

advisors’ accomplishments and was packed with top-rated keynote speakers,

dynamic breakout sessions, fantastic special events, and endless networking

opportunities with exhibitors and fellow Cetera Financial Specialists’ advisors.

A large portion of the HWA team attended this event as we believe in

continuous professional growth of our employees; our team took advantage of

these top-notch education courses to increase their knowledge of the financial

industry.

Stacy, and her team, manages approximately $90MM in client assets, fulfilling

the financial needs of individuals and businesses in the New York Capital Region and has 14 years of

experience in the financial services industry.

Midyear Outlook

Before the Greek debt crisis took center stage, industry attention was focused on the timing of potential

interest rate moves by the Fed. Market expectations of a rate hike continue to get pushed out, with

futures prices indicating only a 47.0% chance of a rate increase by year-end.* The prospect of continued

accommodative policy weakened the US dollar during the second quarter, as it depreciated by 2.9%

versus the broad basket of international currencies.** A weakening in the US dollar could help larger US

companies remain competitive in overseas markets.

US corporate profits are expected to decrease by 4.5% during the second quarter, compared to a year

ago, with analysts predicting a 60.0% earnings decline in the energy sector. This compares to 0.8%

earnings growth in this year’s first quarter. Healthcare remains a bright spot with earnings expected to

grow by 8.2%.*** However, equity valuations remain elevated based on price-to-earnings (P/E) multiples.

For example, the forward P/E on the S&P 500® at 16.5 is above its 10-year average of 14.1. The Shiller

cyclically adjusted price earnings (CAPE) measure is also above its longer-run average in view of

historically low interest rates.****

Concerns over elevated long-term stock valuations and the prospect of higher interest rates is nothing

new and has actually been the case for an extended period of time. This suggests that diversified

portfolios should remain grounded with core equity and fixed income market exposures, with

diversifying allocations to more flexible strategies. This multifaceted investment approach should

continue to provide opportunities within growth and more income-oriented investment solutions.

Please contact us if there have been any changes to your financial situation, your investment objectives,

your instructions concerning your account, or to receive an updated Disclosure Brochure.

* Source: CME Group

** Source: Bloomberg (US Dollar Index)

*** Source: FactSet

**** Source: Robert Shiller

Article supplied by Assetmark

Go Figure

21 Years How long summer lasts

on the planet Uranus.

4.2 Million The average amount a

human will blink their

eyes in one year.

$3,000,000 The revenue Walmart

produces every 7

minutes.

492 seconds The time it takes for

sunlight to reach Earth.

2,500,000 The number of rivets in

the Eiffel Tower.

0.3% The amount of solar

energy available in the

Sahara Desert that

could power all of Eu-

rope.

6 months vs.

13 hours The difference (in time)

it takes to build a Rolls

Royce versus a Toyota.

Special Topic: Expert Tips for Older Job-Seekers

Overview

Stay modern, my friends.

That is among the tips author and AARP job expert

Kerry Hannon gives older job seekers as they pursue

employment in an increasingly tech-centric world.

Hannon recently testified in front of the U.S. Senate’s

Special Committee on Aging during a hearing to dis-

cuss the challenges facing older workers. She noted

that the number of workers expecting to work until

age 65 has tripled in the past 24 years – and 10% don’t

expect to retire at all.

“As I travel around the country speaking to audiences of people over 50 who are looking for jobs, I see a

palpable fear in their eyes that they’re going to outlive their money,” Hannon told committee members.

“Simply put, they need to work.” If you have clients who are seeking “encore” careers, a “second act” in

retirement, or intend to stay in their current position past age 65, share some of these tips from Hannon:

• Stay up to speed with technology and any changes in your field of expertise. Let recruiters and hir-

ing managers know about any certification updates or tech proficiencies you’ve added.

• Get fit. Hannon stressed the importance of being physically fit and dressing “with an eye toward a

vibrant, youthful appearance.” Like it or not, first impressions are important when employers are trying

to determine if an older worker can handle the demands of a job.

• Address the “overqualified” concern. For older candidates who might be overqualified, Hannon

offers a stock answer: What matters at this stage is the opportunity to work with talented people at a

company whose values and products you trust and where your experience can be used in a meaningful

way.

• Invest in yourself. Research the skills or certifications required for a new job, and then add the nec-

essary education or expertise before applying.

• Consider a temp job or contract work if a full-time position isn’t immediately available. Temp open-

ings sometimes lead to a full-time gig, and they can serve as an opportunity to evaluate a company. If

nothing else, they might help fill potential resume gaps.

Check out Hannon’s full list tips for older workers and feel free to tweet us @NewAgeofAdvice with a few

tips of your own.

Article written by Aaron Lopez for Transamerica.

Newsletter Courtesy

of Your Holistic Team

Stacy Clifford

Lakshmi Nagarajan

Sarah Blass

Sam Clifford

Raymond Kidalowski

Cynthia Anslow

Sue Donovan

Terence Ruso

H. Paul Thomas

Lillian Helmedach

Rita Young

Sue Miniter

Our Annual BBQ was a Success!

On June 6 we celebrated another successful year with our

clients and their families. Every year we invite the entire

Holistic family to Saratoga State park to spend the day

enjoying good conversation, great food, and lots of laughs.

We had a great turnout as we had over 100 guests attend.

The kids sure had a blast!

Congrats to The Blass Family

The HWA family would like to congratulate Sarah Blass

and her family on the birth of their second child, Mason

Robert Blass. He was born on June 23 weighing in at 10

pounds, 6 ounces. We hope that Sarah enjoys her mater-

nity leave while spending a lot of quality time with Mason

and his older sister Eva.

We look forward to seeing Sarah back in the office this

upcoming September.

Congratulations to Mary Jennings who correctly guessed

Sarah’s delivery date and time!!!

Contact Us Please contact our main office for more information about our services

Holistic Wealth Advisors

19 Clifton Country Road

Suite 3B

Clifton Park, NY 12065

(518) 357-3858

info@holisticwealthadvisors.com