Are you ready to rethink your approach to healthcare? Check out this event with Dr. Richard Berry with Maple Health and Kathy Carvin with Health Markets to see how its possible to have quick and reliable access to healthcare.
September 2024
Final Carver Palooza
Thank you to everyone who attended The Final Carver Palooza!
The Final Carver Palooza Drone Show
The Final Carver Palooza featured the first-ever drone show in Lake County, OH on June 22nd at the Lake County Captains Stadium. 250 drones flew in synchronized formations above the field creating this incredible display of lights.
June 2024
Randy Carver Ranked #68 Among Barron’s 2024 Top 100 Financial Advisors
May 15, 2024 – Randy Carver, RJFS Registered Principal, and the President of Carver Financial Services, Inc. has been named one of Barron’s Top 100 Financial Advisors in the United States for 2024. Carver’s exceptional expertise and commitment to client success have propelled him to the impressive ranking of #68 among the nation’s leading financial advisors.
With over 30 years of experience in the financial services industry, Randy Carver has consistently demonstrated a steadfast dedication to providing personalized financial guidance and tailored wealth management solutions to his clients. His unwavering commitment to excellence, coupled with a deep understanding of market dynamics, has earned him the trust and admiration of both clients and peers alike.
Reflecting on this prestigious recognition, Randy Carver remarked, “It is truly an honor to be recognized by Barron’s as one of the top financial advisors in the nation. This achievement is a testament to the hard work and dedication of our entire team at Carver Financial Services. We remain committed to delivering exceptional value and guidance to our clients as we continue to navigate the complexities of today’s financial landscape.”
Randy Carver’s inclusion on Barron’s Top Financial Advisors list further solidifies his position as a leader in the wealth management industry and underscores his unwavering commitment to helping clients achieve their financial goals.
Visit here to see Randy’s Profile.
Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved. The rankings are based on data provided by 1,160 individual advisors and their firms and include qualitative and quantitative criteria. Data points that relate to quality of practice include professionals with a minimum of 7 years financial services experience, acceptable compliance records (no criminal U4 issues), client retention reports, charitable and philanthropic work, quality of practice, designations held, offering services beyond investments offered including estates and trusts, and more. Financial Advisors are quantitatively rated based on varying types of revenues produced and assets under management by the financial professional, with weightings associated for each. Investment performance is not an explicit component because not all advisors have audited results and because performance figures often are influenced more by clients’ risk tolerance than by an advisor’s investment picking abilities. This ranking is based upon the period from 1/1/23-12/31/23 and was released 05/10/2024. This ranking is not based in any way on the individual’s abilities in regard to providing investment advice or management. The ranking may not be representative of any one client’s experience, is not an endorsement, and is not indicative of an advisor’s future performance. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this award/rating. Barron’s is not affiliated with Raymond James.
Please visit https://www.barrons.com/advisor/report/top-financial-advisors/independent for the full story.
Randy Carver named to America’s Top Wealth Advisors in 2024 by Forbes
April 4th, 2024 – Randy Carver, RJFS Registered Principal, and President of Carver Financial Services Inc., was named to Forbes’ 2024 “America’s Top Wealth Advisors” list. Randy ranked 97th out of 250 in America. This is the third consecutive year that Carver has been recognized by Forbes on this prestigious list of elite wealth advisors.
Forbes’ Top Wealth Advisors list is highly regarded, recognizing individuals who have demonstrated excellence in managing the financial affairs of high-net-worth clients. Randy Carver’s inclusion on this list highlights his unwavering commitment to providing exceptional service, strategic financial guidance, and personalized solutions to his clientele.
Upon receiving this esteemed recognition, Randy Carver expressed gratitude for the support of his clients and the dedication of his team. He remarked, “It is truly an honor to be recognized among such esteemed professionals in the wealth management industry. This achievement reflects our unwavering commitment to serving our clients’ best interests and helping them achieve their financial goals.”
Randy Carver is known for his personalized approach to wealth management, understanding that each client has unique needs and aspirations. He and his team are dedicated to providing tailored solutions that align with clients’ objectives, whether it involves retirement planning, investment management, estate planning, or other financial goals.
The Forbes Top Wealth Advisors List highlights top advisors across the country who are researched, interviewed, and assigned a ranking within their respective states and markets.
The Forbes America’s Top Wealth Advisors 2024 ranking, developed by SHOOK Research, is based on in-person and telephone due diligence meetings and a ranking algorithm that includes: a review of best practices, client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. This ranking is based upon the period from 6/30/2022 to 6/30/2023 and was released on 4/3/2024. Investment performance is not a criterion because audited records rarely exist and clients have varying risk levels. Rankings are based on the opinions of SHOOK Research, LLC and not indicative of future performance or representative of any one client’s experience. Research Summary (as of August 2023): 42,108 Advisor nominations were received based on high thresholds. 22,874 Advisors were invited to complete the online survey. SHOOK has conducted over 17,996 telephone interviews with advisors. 3,859 Advisors were interviewed in-person at the Advisors’ location and 1,487 interviews were web-based. Final list of the top 250 advisors was then compiled based an algorithm that considers both quantitative and qualitative criteria. This ranking is not indicative of an advisor’s future performance, is not an endorsement, and may not be representative of individual clients’ experience. Neither Raymond James nor any of its Financial Advisors or RIA firms pay a fee in exchange for this award/rating. Raymond James is not affiliated with Forbes or Shook Research, LLC. Please see https://www.forbes.com/top-wealth-advisors/ for more info.
How Elections Affect the Stock Market
How Elections Affect the Stock Market: What Investors Need to Know
2024: The Year of Global Elections
In 2024, more than 2 billion voters across 50 countries — including the United States, the European Union, and India — will head to the polls.
It’s the largest election year in history, representing over 40% of the world’s population and economy.
These political milestones can trigger short-term swings in global stock markets as investors react to uncertainty and shifting policies. But the key takeaway?
With a well-diversified financial plan, elections should not derail your long-term strategy.
Market Timing vs. Staying the Course
As elections approach, it’s common for investors to ask:
“Should I pull my money out of the market until things settle down?”
The short answer: No — not if you have a diversified portfolio and a long-term plan.
Trying to predict when to exit and re-enter the market — known as market timing — is one of the most common investing mistakes.
Decades of data show that even missing just a handful of the market’s best days can dramatically reduce returns.
For example:
A $10,000 investment in the S&P 500 from January 1, 1999, to December 31, 2018, would have grown to about $48,000 if you stayed invested the entire time.
But if you missed just the 10 best days in those 20 years, your ending balance would have been cut in half.
The lesson is clear — time in the market beats timing the market.
How Elections Influence Markets
Elections don’t just shape governments; they influence how investors perceive risk, policy, and growth potential. But the effects are rarely straightforward.
1. Pre-Election Uncertainty
The months before an election often bring lower returns and higher volatility, as investors brace for potential changes.
According to Forbes, pre-election years tend to underperform because markets dislike uncertainty.
However, in the 12 months following an election, markets typically rebound — regardless of which party wins.
2. Election Day Volatility
Markets often experience short, sharp movements on Election Day as results come in.
Between 1970 and 2022, the S&P 500 moved an average of 0.32% on Election Day — 10 times its normal daily fluctuation of 0.03%, according to Dow Jones Market Data.
Interestingly, 60% of those election days ended positive.
This shows that volatility is normal — not necessarily negative.
3. Post-Election Recovery or Rally
Once results are known, uncertainty fades. Markets tend to stabilize or even rise as investors gain clarity about the new administration’s direction.
Historically, if a new party takes office, average market returns hover around 5% the following year.
If the incumbent party remains, returns average slightly higher at 6.5%.
In other words: Markets can handle bad news — but they dislike not knowing.
The Bigger Picture: Inflation and the Economy Matter More
While elections can move markets in the short term, economic and inflation trends tend to have a far stronger impact on long-term returns.
Data show that GDP growth, interest rates, and inflation influence portfolios far more consistently than political outcomes.
Every election year feels “different,” but history tells us the fundamentals of investing — diversification, patience, and discipline — matter far more than politics.
Smart Strategies for Election-Year Investing
If market chatter or news headlines make you uneasy, here are four ways to stay grounded:
1. Keep Cash for Short-Term Needs
Hold enough liquid assets to cover short-term expenses and emergencies. This ensures you’re never forced to sell investments during a downturn.
2. Stay Diversified
Diversify across asset classes (stocks, bonds, international markets, and alternatives) to help balance potential volatility.
3. Focus on the Long Term
Reacting to short-term political noise often leads to emotional decision-making. Remember: investing is about years, not election cycles.
4. Lean on Professional Guidance
Working with a trusted financial advisor provides both expertise and perspective.
A Vanguard “Advisor’s Alpha” study found that financial advisors add an average of 3% in net returns per year by helping clients stay disciplined, manage taxes, and choose cost-efficient investments.
Your plan — not the political landscape — should drive your financial decisions.
Carver’s Perspective: Experience Through Every Election
At Carver Financial Services, we’ve guided clients through more than three decades of elections, recessions, and recoveries.
Our team — with over 250 years of combined experience — has seen firsthand that elections don’t define outcomes; discipline does.
Our proprietary Personal Vision Planning® process focuses on your life, not just your portfolio.
By aligning your investments with your goals and maintaining a clear long-term strategy, we help you stay confident no matter who wins the next election.
Markets can process bad news — but they can’t process uncertainty.
When you stay invested and stay diversified, you win either way.
Any opinions are those of Randy Carver and not necessarily those of Raymond James. This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete.
March 2024
Randy Carver Secures Prestigious Rank as the Third Top Financial Advisor in Ohio on Barron’s Top 1,200 List for 2024
March 11, 2024 – Barron’s Magazine named Randy Carver, RJFS Registered Principal and President of Carver Financial Services, as one of the top advisors in the Nation and ranked third for the state of Ohio for the second year in a row. Randy has been recognized by Barron’s every year since 2008.
Barron’s, a leading financial publication renowned for its comprehensive and insightful analysis of the financial industry, has recognized Randy Carver’s outstanding performance and dedication to providing top-tier financial advisory services to his clients. This prestigious ranking reflects Randy Carver’s unwavering commitment to delivering personalized financial solutions that empower his clients to achieve their financial goals. With a proven track record of success and a client-focused approach, Carver Financial Services continues to set the standard for excellence in the financial advisory sector.
“I am honored and humbled to be recognized by Barron’s as the third top financial advisor in Ohio. This achievement is a testament to our team’s dedication to delivering unparalleled service and personalized financial strategies to our clients,” said Randy Carver.
Carver Financial Services remains dedicated to empowering clients through comprehensive financial planning, investment management, and wealth preservation strategies. Randy Carver’s recognition on Barron’s Top 1,200 list further solidifies the practices position as a leader in the financial advisory industry.
To see the full listing click here.
Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved. The rankings are based on data provided by 6,595 individual advisors and their firms and include qualitative and quantitative criteria. Time period upon which the rating is based is from 09/30/2022 to 09/30/2023, and was released on 03/11/2024. Factors included in the rankings: assets under management, revenue produced for the firm, regulatory record, quality of practice and philanthropic work. Investment performance is not an explicit component because not all advisors have audited results and because performance figures often are influenced more by clients’ risk tolerance than by an advisor’s investment picking abilities. The ranking may not be representative of any one client’s experience, is not an endorsement, and is not indicative of advisor’s future performance. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this award/rating. Barron’s is not affiliated with Raymond James.
