Our Timeline

 
1973
Mick enters the financial services industry.

Recognizing the need for the average American to earn better investments results than what was being offered by the dominant industries at the time...

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1977
The Department of Energy was created in response to the United States Energy Crisis.

Whether you invest to earn the maximum return or invest in companies you value, we are an independent investment advisor who can accommodate any investment...

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1978
The United States Federal Trade Commission recommends against the use of whole life insurance as an investment.

The FTC found that the average rate of return on ordinary life insurance policyholders in 1977 was 1 - 2%. Price competition is so ineffective...

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1980
Mick obtains his Juris Doctorate.

Many activities in the financial services field require specialized licenses or certification. Our staff must meet ongoing requirements to hold...

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1981
Mick joins the International Association of Financial Planners.

Early on, Mick realized that international investments were playing an ever increasing role in the investment markets. As the percentage of the world's...

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1981
The world experienced attacks on both political and religious leaders as President Reagan and the Pope were shot.

The equities market has withstood many shocks over the years and parts of it always seem to be facing some sort of turmoil. Despite usually having...

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1982
Mick became a Certified Financial Planning (CFP) Practitioner and also incorporated his practice under the name of Financial Plans & Strategies, Inc. on May 28, 1982.

From the beginning, our firm has embraced the fiduciary standard of care which requires that a financial advisor act solely in the client’s best interest...

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1982
To fight inflation during the 1982 recession, which was running at a rate of 14 % per year, the Federal Reserve Board increased interest rates. By November 1982, unemployment had reached the highest rate since the Depression and the second highest number of businesses failed since 1933.

Throughout our history we have experienced a wide range of economic environments. While we constantly assimilate this new knowledge into our clients...

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1985
Financial Plans & Strategies, Inc begin sharing office space and working with clients of a Certified Public Accountants firms.

Recognizing the need to provide comprehensive planning, FPS partnered with several specialists in other financial fields to provide a more comprehensive...

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1985
The United States became a debtor nation for the first time since World War I, and many people called for protectionist legislation from Congress to decrease the inflow of imports.

Debt issues are nothing new in the United States. Now, many people are suffering under crippling student loan debt obligations. While it may be premature...

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1987
On “Black Monday”, October 19, the Dow Jones Industrial Average dropped a record 22.6% (508 points) in a single day. By the end of the month global markets had declined substantially

Just as markets go up and down, national economies fluctuate. Many investors equate the S&P 500 index with the entire market. This index only represents...

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1988
Marge Pauszek joins Financial Plans & Strategies, Inc. as the firm’s second Certified Financial Planning Practitioner.

 

 
1992
Financial Plans & Strategies, Inc. opens their current office location in Greenwood, IN.

While serving clients across the United States, our firm is also involved in our local community. Our team enjoys giving back to the community including such activities as hosting charity events and providing financial literacy education to local schools. While significant documentation is required in the financial industry, we strive to operate as a paperless office to be as  environmentally-friendly as possible.

 
1994
The North American Free Trade Agreement (NAFTA) was implemented and included the removal of tariffs on over half of US imports from Mexico and from a third of exports to Mexico.

Like foreign relations, your relationships change over time. As your relationships change, we will annually review both your beneficiaries and the people...

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1996
Lara DeSotel joins Financial Plans & Strategies, Inc.

Attention to detail is critical in the financial services field. Dotting the “I’s” and crossing the “T’s” is necessary to ensure the safety and handling...

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1997
After serving as Education Director, Mick is elected President and later Chairman of the Board of the Central Indiana Society of Certified Financial Planners (this organization later merged into the Financial Planning Association of Greater Indiana).

With a focus on education and continual improvement, our firm continues to monitor the current developments in the financial services field. We derive insight...

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2000
After a bull rush to invest in the technology sector, the Dot-com bubble burst causing a $5 trillion decline in the market from March 2000 to October 2002.

The equities market has historically risen over the long-term, but equity prices also decline. So the question is not whether a decline will happen...

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2000
Mick begins publishing a recurring column in Indianapolis Business Journal called “re: Money Management”

An educated client is a better client. Mick was selected to provide general financial advice and opinion to the community. Financial Plans & Strategies, Inc...

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2001
After the terrorist attacks on September 11th, the stock exchanges remained closed until September 17. When trading resumed, some of it was transacted in temporary new locations. Upon reopening, the Dow Jones Industrial Average fell 684 points, or 7.1% and by the end of the week, it had fallen 1,369.7 points or 14.3%.

Fear is a powerful motivator. The market can drop substantially in a short amount of time. However, selling out of your depressed investments simply...

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2007
Angela Sodrel joins the firm from Chase bank.

We strive to have a strong advisor-client relationship with a lead advisor, but we also typically assume that our clients will live to reach at least...

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2007
The Great Recession was the largest economic collapse since the Great Depression. The turmoil in the fixed income markets included the bankruptcy of numerous financial institutions. Residential private investment fell from its 2006 peak of $800 billion to $400 billion by mid-2009.

A key to a successful long-term financial plan is being able to stay with your plan, even during tough times. During the Great Recession, many investors...

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2012
We all face tough times. When the US government faced its “Fiscal Cliff” many people were affected. Home sales, auto sales, and job creation all suffered. Even holiday spending did not meet expectations as consumer confidence experienced its sharpest drop in years.

Life is full of uncertainties and unfortunate events. You can only control what you can control. Death, disability, or any number of other issues can...

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2016
Markets quickly react to information although long-term impacts are not always immediate. On the fourth day after the Brexit vote, the FTSE 100, FTSE250, the pound, the Dow Jones and S&P500 had all risen. Investors noted that Britain's exit from the European Union would not happen immediately meaning the status quo was unlikely to change in the short term.

Many items on this timeline have highlighted events producing negative returns in the short-term. While we do not want to focus on these negatives, we find...

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2016
Maggie Meiners rejoins Financial Plans & Strategies, Inc. from Vanguard.

Soon after Maggie rejoined Financial Plans & Strategies, Inc. after serving as an advisor at Vanguard for three years, Financial Plans & Strategies, Inc...

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