A judge’s ruling to allow Visteon to discontinue benefits for some 6,500 retired Visteon workers was overturned in July 2010 by the Third U.S. Circuit Court of Appeals. The appeals court ordered immediate restoration of benefits for both the salaried and hourly retired workers. In addition, the appeals court also ordered that the restoration be retroactive to the day the retiree benefits were cut off. Review the recent article, "Judge: Visteon retiree benefits must be restored", for more on this important topic for Visteon retirees.

 

Contact Mainstay Capital Management toll-free at 1-866-444-6246 to discuss how this development may impact your personal situation.

 

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Disclosure Information - Rankings and Awards

Barron's Magazine - Top 100 Independent Financial Advisors

According to Barron’s: The rankings are based on data provided by individual advisors and their firms. Advisor data is confirmed via regulatory databases, cross‐checks with securities firms and conversations with individual advisors. The formula Barron’s uses to rank advisors is proprietary. It has three major components: assets managed, revenue produced and quality of practice. Investment returns are not a component of the rankings because an advisor’s returns are dictated largely by the risk tolerance of clients. The quality of practice component includes an evaluation of each advisor’s regulatory record. The data is based on one fiscal year (7/1/22 - 6/30/23) and appeared in Barron’s on 9/18/23.


Schwab IMPACT Awards®

The Charles Schwab & Co., Inc.’s IMPACT Awards® program recognizes excellence in the business of independent financial advice. Nominees are evaluated and selected by a panel of prominent leaders from both the business world and the financial services industry. Mainstay Capital Management does use Charles Schwab to custody certain client assets, however there was no direct compensation provided to be nominated for this award. Mainstay Capital Management received this annual award on November 15, 2017.