Fairhaven Journal / Winter 2021 : simplebooklet.com

NO TE FR O M M A R C H O RN E R TA B LE OF CON TENT S Note from Marc Horner 3 Meet the Fairhaven Team 39 Core Comments David Fluett 4 Focus on Hospice James Sullivan 40 Encourage Educate Entertain 6 A Shelter in the Storm 44 Bring It Athletics 8 World Vision 10 Ivy Restaurant 12 Central DuPage Foot Ankle 14 Watercolor My House 16 Our New Team Members 46 Check Out Our New Digs Carver Doug 50 Midwest Strength and Performance 18 Fairhaven Museum of Art 52 Mathieson Moyski Austin Co 22 Wetmore Construction 56 Bricks Minifigs 20 CollectorMount 54 BBT Fabrications 24 La Page Architects Ltd 58 DuPage Framing Center 26 Blue Collar Computing 28 Business Office Systems 60 Welcome to a very special issue of the Fairhaven Journal Our frequent readers will likely recognize some consistent topics like healthcare financial planning strategies team member profiles and a tasty recipe from my celebrity chef sister and brother in law Different from previous issues however you will find the story behind our community outreach and marketing campaign titled Encourage Educate Entertain in which we tried to do our part to support our business neighbors and friends during the global pandemic You will also find the stories behind the vision and creation of our new offices in Wheaton Illinois From start to finish we share the perspectives of the architects contractors designers and art curators you read that right that have helped create a truly unique office experience So much work went into making our new office a reality we wanted to say a special Thank You to those that made it happen by highlighting their unique contributions Lastly I have included a re print of a memorial I wrote for my Mom Not knowing when we might have a service honoring her and her life I wanted to put her story out there one more time Thank you for indulging me and thank you once again for all of your notes of condolences For me this issue screams Community While it is easy to associate financial planning with numbers spreadsheets and buying low and selling high we believe the power of financial planning is really about taking care of yourself and those around you family neighbors local business owners everyone that makes up our own personal communities EEE Wall of Thumbnails 30 Estate Planning Pitfalls 72 As always we hope you enjoy the Journal and encourage you to share it liberally Comfort Food Academe Brasserie 32 Dr S Sue Horner 77 Sincerely Team Member Spotlight Trent Warren 36 Fairhaven in the Media 80 Marc Horner Wealth Advisor Founder This material has been prepared for informational and educational purposes for our clients and friends Please consult your Fairhaven Wealth Management professional to discuss how this may impact your own financial plan and or investment portfolio This material is not intended to provide and should not be relied upon for accounting legal or tax advice or any other purposes Neither Fairhaven Wealth Management nor its subsidiaries or affiliates provide accounting legal or tax advice Please consult your tax advisor and or attorney for such guidance Advisory services offered through Fairhaven Wealth Management an SEC registered investment advisor For a copy of Fairhaven Wealth Management s ADV Part 2 disclosure document please direct your inquiry to admin fairhaven com 2021 Fairhaven Wealth Management All rights reserved The information contained in this issue of the Fairhaven Journal is correct as of press time 3

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C O R E C OMMEN TS Hurdles Hurdles Hurdles Investment Advisor David Fluett D uring the third quarter the markets returned to more normal results after the roller coaster that was the first and second quarters The results were good with the S P 500 up 8 9 the Russell 2000 small stock index up 4 9 and the Barclays Aggregate Bond Index up 0 6 Yes large stocks were once again leading the pack and yes they are still very highly valued Yet we still face many hurdles first of which is the Covid 19 Virus which is active and clearly did not recede with the summer Vaccine research continues but there is no way to know when or how this will be resolved which leads us to the next hurdle The economy has been divided into two segments by the virus those businesses that suffer from the pandemic and those who gain or have little reaction to the pandemic 4 rancor but due to the fact that the virus is still damaging a large swath of the economy and there is little the politicians can do The list of suffering businesses ranges from energy firms like Exxon down to your favorite Mom Pop diner that is hanging on by its fingernails The stimulus programs certainly helped the economy but every day one continues to hear of new layoffs and bankruptcies Our labor force is down about 4 million workers from the start of the pandemic which is largely due to people who stopped looking for work in fields like hotel maid or restaurant server because their search is futile given the low occupancy in hotels and the number of restaurant closures A consequence of not looking for work is that the government removes them from the labor force which makes the unemployment statistics look better but conceals a group of individuals who are likely to suffer years of unemployment Although the election is over which relieved some uncertainty the economy is still struggling Not so much because of all the political The other side of the economy the part with a neutral to positive reaction to the virus continues to do well but as a result it continues to be very overvalued The FAAANM Facebook Apple Amazon Netflix and Microsoft are the poster children of this group There is no way to determine when and if these companies will suffer a setback but they are an uncomfortable investment given their high valuation My major concern is not a stock market selloff it is the low returns from fixed income investments This may seem peculiar but I think that this is more of a concern for older investors It is a slow moving problem versus one like a sudden equity market crash which everyone fears This problem results from declining interest rates coupled with inflation leaving investors without enough income to support themselves and potentially causing them to prematurely invade their principal At the last meeting of the Federal Reserve they stated that they expect to keep interest rates close to zero for the next three years While this is great for borrowers and stimulates the economy it puts savers in a difficult situation As we age we typically shift our investments toward fixed income investments as we feel a need to protect what we have Generally this instinct is good but there are circumstances where it can be harmful especially to older workers heading into a hoped for long retirement This problem drives investors to hold more of their assets in equity securities to generate a rate of return that would allow a retirement plan to work We will continue to discuss this situation over the coming years So these days we have two factors low interest rates and inflation that drive investors toward more equity centric portfolios when their own instinct calls for more fixed income If this environment persists over many years it could be worse than a market crash especially if one does not see it eroding his her nest egg 5

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ENC OUR AGE EDUC AT E ENT ERTAIN T he weekend before the Illinois lockdown commenced Marc Horner Founder of Fairhaven Wealth Management rode his bike around Wheaton knocking on doors of business owners He was there to introduce himself and make a simple ask email a short video showcasing your business or personal skill Fairhaven would polish the video add the business logo and contact information and then share the video on social media and via email to help promote local businesses All for free There was so much fear and uncertainty going into that initial lockdown we just felt compelled to try and put some positivity in the world says Marc We are financial planners and investment people so we cannot manufacture testing kits or PPE but we can absolutely help spotlight and lift up some of our neighbors Entitling the campaign Encourage Educate Entertain the response to their community marketing and awareness campaign was overwhelming Videos started coming in with golf tips creative food and cocktail recipes at home hairstyles cake decorating tips baseball coaching from a fomer major leaguer and dance moves from one of the Fairhaven financial advisors Social media feedback on the growing library of videos included Amazing Fairhaven is a must follow some of the best stuff I ve seen on LinkedIn love your attitude and approach We are extremely pleased with the enthusiastic reaction we continue to receive both from video submitters and from the growing fan base Marc says born as a positive response to challenging circumstances our campaign of championing community might very well survive long after we ve kicked corona ass See all of the videos at fwm media videos 6 Retired Cubs pitcher Dave Otto shows how to throw a 4 seam fastball at fwm media fastball 7

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ENCOURAGE EDUCATE ENTERTAIN HEA LTHY LIFESTY LES Bring It Athletics J im and Debbie Hughes husband and wife personal trainers at Bring It Athletics BIA based in Wheaton Illinois offer a personalized coaching experience to those who want to train like athletes Jim and Debbie strongly believe in family fitness and look to make an impact on our community s health and athletic development We bring together the young and the old the grandchildren and grandparents couch potatoes and weekend warriors Jim says to create a community where everyone has a sense of health and belonging Jim and Debbie know that exercise and healthy living gives people a step up against this virus by boosting immunity decreasing stress and increasing fitness levels Like many others the Hughes family has gone from running around in six different directions at the same time to everyone being home for breakfast lunch and dinner all day every day We know that working out and staying active is a great way to build your immune system says Jim Keeping their family on a daily schedule of getting up early taking a walk e learning accomplishing a goal and 8 working out have been key to both their physical health as well as their mental well being Jim and Debbie have also seen this approach throughout the community Many families are exercising together doing everything from daily walks around the neighborhood or even family boot camps in the backyard and finding creative ways to get up and move That s gratifying to see says Jim He demonstrates a simple yet effective workout composed of squats and pushups to try during the days of remaining at home in his video for Fairhaven He shares not just proper exercise Make sure you drive that butt back and drive those heals in but the fitness rationale as well Keep the blood flowing stay healthy Without question we will continue to see challenging times ahead But at Bring It Athletics Jim and Debbie firmly believe that a very powerful outcome will emerge from this global crisis Healthy lifestyles and being active members of one s community will become a priority for more people than ever before states Jim bringitathletics com 9

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ENCOURAGE EDUCATE ENTERTAIN B U ILT TO B E O U R B EST World Vision C hris Tews of WorldVision org truly has worldwide reach in his work for the Christian humanitarian agency He and his team help build a resilient lifestyle for ultra poor families in communities across the globe Their beneficiaries live in the direst of situations on 2 day with no health care no access to clean water and only one set of clothes Our work adopts communities around the world and teaches them health hygiene farming and other skill sets so that in 15 years they can graduate to being self sustaining World Vision works in 90 countries worldwide to help bring communities out of poverty relying on local church partnerships to help communicate and educate Pastors bring Bible and healthcare training to their communities Jim himself works as bridge between people who connect donors in the States who want to share resources and the gospel with recipients in need Sometimes he even gets to take them overseas to see the success of projects first hand Despite the coronavirus crisis donor partners are still 10 drawn into the work and continue to respond with generosity Though some have cut giving we just try to do more with less Jim states and be creative in how we get things done These alternative methods include repurposing staff and resources in Zambia to focus on COVID over core training The need has never been greater to care for the most vulnerable children and families in the US and around the world God is sovereign he says when looking ahead and He already knows how He will care for us which gives me the greatest outlook for the future we could possibly have Chris insists that a resilient community who loves Jesus foremost and who cares for other people will continue to do so no matter the circumstances that strike either them or the community The poverty rate has already been reduced by 50 percent worldwide Chris concludes We can continue working to see acute poverty ended in our lifetime Now that s hope for people around the world today worldvision org 11

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ENCOURAGE EDUCATE ENTERTAIN DELICIOUSLY SAFE Ivy Restaurant J ason Sandquist is General Manager at the Ivy Restaurant under owner Richard O Gorman For 11 years The Ivy has been a community based restaurant Or as Richard says Casual elegance our customers come casual and we greet them with elegance They could be a victorious softball team old homecoming reunion friends or a wedding party and guests all coming to celebrate Although the men were petrified to launch in 2008 during another economic crisis they saw it as a challenge Jason Richard and Richard s wife Carol wanted to open a place in the community they grew up in They designed the Ivy around what they didn t like in other restaurants We just wanted our guests to feel comfortable that they are at home As they support the community their guests have been very supportive during COVID Upon reopening Jason says new habits are going to affect the way people dine So much of our lives and memories especially in the Midwest are based around our own dinner tables or the ones in restaurant settings 12 The future will depend on those who feel comfortable going out again The goal is to feel safe when interacting social like before and being patient For their end the management team will now try to work within the new boundaries they re given which means being creative As operators in the food industry they have forever been employing respect best practices safe handling surface cleaning regulatory compliance engrained health standards etc Despite a 71 loss in business besides doing take out and curbside service The Ivy has taken this time to remodel They note that all restaurants will have to make some changes We plan to maintain a positive position to stay creative and to stay relevant says Jason We re an industry of handshakes and hugs he states adding that career servers often act as the liaison for those types of interactions and The Ivy acts as a venue in which to exchange them When the community is ready for us they ll support us Richard concludes ivyofwheaton com 13

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ENCOURAGE EDUCATE ENTERTAIN A FIRM FOUNDATION Central DuPage Foot Ankle Associates D r Robin Pastore podiatrist at Central DuPage Foot Ankle Associates feels your pain literally when he takes your feet into his hands to soothe exacerbated aches wife Jennifer calls him a sole practitioner Dr Pastore notes that certain foot issues arise during COVID 19 sheltering from patients spending more time at home They go barefoot more often or do not wear supportive shoes any longer as part of their habitual routine These factors can heighten existing issues that result in greater discomfort or damage Working in medicine the clinic has remained open as an essential business But if he can t get his hands on you personally the doctor does encourage some simple at home remedies Massage therapy foot stretches toe grasping exercises and soaks will reduce strain invigorate muscles soothe stress and increase circulation Moisturizing also helps to prevent infections from forming in cracked neglected skin 14 As a college athlete and current sports coach movement and activity remain important in his life so he educates his patients likewise Plus the clinic advocates a conservative approach to foot care Pastore does not immediately suggest surgery but discusses less invasive options first The doctor hopes that we will return sooner than later to a normal life culturally He points out that historically in the big scheme of medicine and proper science s previous responses to outbreaks Mankind adapts and withstands he says Coming out stronger and better One advantage he sees from his professional perspective is that most people are now taking control of their own health We re navigating the new normal and getting on with life he says Figuring that out and being respectful of each other robinpastore com 15

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ENCOURAGE EDUCATE ENTERTAIN C R EATING A RT M A K ES C HILD S PLAY Watercolor My House J anice Zeuch started Watercolor My House as a side hustle she could do at home while raising kids Originally she found a passion for all things related to the arts growing up just five miles from the Cleveland Museum of Art where her family frequently visited Today she is an artrepreneur and her background as a former public school art instructor helps there At her business she creates original watercolor portraits of peoples homes In that way Janice helps clients to preserve the memories of a childhood home or a favorite vacation spot or to create the perfect memento for a cherished neighbor leaving to relocate Some of her patrons also include realtors who wish to congratulate their own clients on the sale of an old beloved home or the purchase of a new one Come holidays and birthdays Janice s art makes a perfect gift or a unique way to say Thank you in watercolor The upside of my business during this downturn says Janice is that it can be done without human contact orders are placed online So Watercolor My House is not affected in the same way face to face businesses are 16 impacted As an educator and mom Janice always has a stock of fun ideas to do with your kids during these stay at home times or summer breaks Most revolve around art All ages can paint using several simple techniques She demonstrated wet on wet and dropping in color for us that brought images of clouds and multicolor snakes alive at least to our imagination and in our YouTube video It s no wonder that Watercolor My House has also raised money for a variety of school functions extracurricular fundraisers women s gatherings mission trips for youth groups and other charities We will all have a greater appreciation for the things that truly bring us joy in life that have little to do with material goods states Janice about current times It s the experiences with others being with family walks in the park coffee with friends and for a lot of us the sheer joy of creating art for art s sake as they say in the art world watercolormyhouse com 17

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ENCOURAGE EDUCATE ENTERTAIN TR A NSFO R M ING B O DIES Midwest Strength and Performance Gym M ike Sell a strength trainer at Midwest Strength and Performance Gym MSP is one of four trainers who in 2017 left their relationships with local health clubs to open a gym They built a community of individuals from college aged to senior citizens with different fitness goals Our members have different reasons for working out and as coaches we help that become a reality says Mike Their specific purpose becomes our reason to make that happen Each coach works with clients within their specialty Mike trains bodybuilders powerlifters and those wanting body transformation co owner Jimmy Walker specializes in boxing The others work with kettlebells body weight and core strengthening workouts Midwest Strength and Performance Gym offers something for every goal including mixed exercises general strength personal coaching group classes body composition agility and movement They even provide an online customized training program for their local members who travel 18 MSP Gym has had to get even more creative with the COVID situation Mike and the team now make home visits to train clients in their yards and garages keeping social distancing and regularly wiping down the equipment they bring with them For certain athletes training on their own the coaches remotely customize workouts according to the materials clients have at home MSP Gym has also introduced outdoor classes in a local park Members drive up to mats spaced ten feet apart Kinda like the old outdoor movie theaters MSP has actually seen new members from other gyms join as soon as they hear about the on site home visits Some of their regular members are also renting out the gym s equipment to use at home We ve really been blessed to be a results oriented gym with motivated members says Mike We ve all adapted to keep their fitness going That s community mspgym com 19

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ENCOURAGE EDUCATE ENTERTAIN NEV ER STO P PLAY ING Bricks Minifigs B ricks Minifigs BAM in Wheaton serves as an enthusiast s Grand Central to come buy sell trade and play Especially play You can come to this one stop aftermarket LEGO shop to play with countless multiple minifigs LEGO people bulk bricks and all the trappings Owner Jim Demer encourages you to come explore with your family After all kids aren t the only ones to bound into a bucket of bricks dads engage in playtime too And everyone entertains themselves for hours More connections are being made than just the plastic ones you snap together We re a local Disneyland says Jim where everyone who walks through the door instantly gets turned into a kid again BAM Wheaton is proud to carry every minifig in existence and goes out to hunt down any piece they may not have In fact certification is their strong suit Jim s staff painstakingly identifies and counts every piece and instruction to every set 20 Our staff is the best they truly care about making this place awesome During COVID 19 Jim reports that the day before shutting the store for two weeks BAM had a record sales day Supportive customers have since been shopping online just waiting for the doors to reopen to make sure we come out the other side We have a lot of customers who are either overworked or out of work nothing in between Jim announces So we re holding the line to try to bring a lot of normalcy to people s lives at this time That includes curbside pick up service for orders special project deliveries for canceled proms and graduations and continued 3x day posting of cartoons in social media starting at 7 AM while the store is still closed Just making life normal for kids and adults alike as much as possible bricksandminifigs com wheaton il 21

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ENCOURAGE EDUCATE ENTERTAIN IT A LL A DDS U P Mathieson Moyski Austin Co T he basic model of a bicycle was developed around 1885 in Europe while the basic tenets of accounting date back to the ancient Mesopotamian society By 2020 both biking and bookkeeping have evolved exponentially Accountant Ron Austin of Wheaton Illinois engages in both with equal passion and has for most of his life Ron was first drawn to cycling out of necessity I biked a lot as a kid as we lived on the outskirts of town in a more rural area and I always enjoyed it Ron says After a years long furlough from two wheeled exercise he took it up again while training for triathalons Ron was likewise drawn to bookkeeping at a young age In high school I worked after school at a local bank first as a janitor and then as a bank teller I could see that finances were an important part of running a business as the bank officers met often with local business owners I didn t know exactly how the banks and businesses fit together but it had my interest he notes Ron stuck with his interest in accounting enough to seek a career in it After a stint at a big eight accounting firm he joined the Wheaton firm that eventually became Mathieson Moyski Austin Co in 1996 moving quickly from manager to partner Cycling and accounting might seem to be two diametrically opposite activities but Ron sees the two as unique having unique demands I look forward to the physical challenge and getting out on the road Ron says of his time on the bike while accounting Is complex challenging work but it s rewarding to work on with great clients The lockdown didn t slow down Ron s accounting although there were drawbacks While we were able to function pretty well with our whole office working remotely I missed seeing colleagues at the office and the few minutes here and there of chit chat around the water cooler it s not the same on Zoom But I appreciate how well we are functioning considering the short notice we had to move 30 people to full time remote work mmaadvisors com 22 23

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ENCOURAGE EDUCATE ENTERTAIN R O LLING A RT BBT Fabrications A fine line separates automotive coachbuilding from automotive restoration but for Troy Golden it s the difference between checkers and chess Coachbuilding is a more refined version of rebuilding an auto It s a more custom and elegant technique he notes Restoration to Troy is using a car s existing parts to fix it up while coachbuilding involves rebuilding an existing car with custom made parts from a chassis to a floor to a blower It s much more rewarding to coach build a car than it is to just restore one Troy explains Troy s Encourage Educate Entertain video depicted him in his Mahomet Illinois based business BBT Fabrications explaining with a lit blowtorch how to anneal aluminum That s one part of the process by which his company coachbuilds cars and other vehicles Troy caught the automotive bug from his dad and grandfather at a young age They always had some sort of classic muscle car or truck They would take me to car shows with them all over I really became interested when I turned 15 and we started restoring a truck that 24 would be mine when I turned 16 Troy explains BBT s prize projects have included a 1940 LaSalle a 1969 Firebird and Troy s personal favorite a 1969 Charger The car has many subtle changes and tweaks yet retains a timeless look that will always be in style BBT s latest project is likewise a unique one We are currently working on a 1969 Pontiac Firebird that we really have pushed the envelope on yet it has more of a modern theme to it Troy says Troy explains the process by which customers can have BBT Fabrications coachbuild an automobile Typically our clientele already have a classic car project that they have either had or recently bought Troy says BBT Fabrications business has remained steady We have been fortunate with our worklog to have stayed very busy during the lockdown Some of our suppliers have slowed us down slightly bbtfabrications com 25

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ENCOURAGE EDUCATE ENTERTAIN FR A M ED B Y FA M ILY DuPage Framing Center B ob Greene of the DuPage Framing Center has created something unique with what he loves It s not just a trending symmetrical gallery wall of matching frames showcasing his grandchildren but a thriving business relationship with his daughter Melissa Together the two run the store We provide quality everyday framing to families in the neighborhood and community says Bob Whether it s a poster photo or magnetic frames to showcase a child s artwork their family has provided professional quality custom picture framing services at the same location since 1978 People have been coming through their doors for the largest selection of frame types in the area Clientele find doing business with the father daughter team very appealing Melissa has been our star quarterback for the past four years Bob relates I love this business concludes Bob Because we re making things people will have forever whether it s a 50 frame or a several hundred dollar project Bob 26 assures that most of the work DuPage Framing Center does is under that lower threshold which mostly includes family heirlooms and precious photos The larger projects only come in once or twice per month And in all of it we get to be a part of that for the family forever Bob and Melissa do everything in house they cut all their materials there themselves and don t send anything out of house Bob and Melissa handle any framing project you can envision from traditional to modern including showcasing nostalgic memorabilia Because we do our work well Bob remarks We really don t have a downturn in a recession During the current health crisis the shop s base has stayed very loyal Business has been pretty steady At the height of the pandemic they were pulling in more projects than in a typical May People kept calling throughout They d drop off materials in front of the store which Bob and Melissa would bring it in and assess to call back the customers with options to discuss dupageframingcenter com 27

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ENCOURAGE EDUCATE ENTERTAIN C O M PU TING SU C C ESS Blue Collar Computing BCC B eyond the physical and mechanical challenges a new office requires a technological maze also needs to be solved For this aspect of the workspace redesign Fairhaven turned to its trusted IT partner Blue Collar Computing BCC A wealth management company needs to protect the privacy of its clients all the while providing its employees with the hardware it needs to keep the operation running at full tilt Arthur Dodd BCC s founder and CTO explained his team s tasks during the new office buildout Our team handled all the aspects of the technology layout including cabling computer deployments security conscious networking deployment and more We ensured all systems were GO on opening day for the new office BCC s relationship with Fairhaven goes back to the company s humblest beginnings BCC has been providing IT services and security for Fairhaven from the inception of their company We have worked with their core team in the years leading up to the creation of the com 28 pany and provided strategic insight as they ve grown Arthur notes The Fairhaven team is a close knit group and we feel like a valued partner and advisor allowing them to focus on what they do best The last five years have been fun to watch The Fairhaven Team has grown from working out of a 1 000 SF office in Oak Brook to their beautiful 10 000 SF space in Wheaton They are a company that seems to always be on the move you never know what they are going to come up with next BCC has been in business for 15 years It started as a way for Arthur to put his passions to work In my last year of school at Elmhurst College I decided to start a company doing what I was most passionate about providing IT solutions that fit the specific needs of small to mid sized businesses Every year since we ve had growth and valued business relationships Arthur says In addition to Fairhaven BCC serves clients in the financial legal nonprofit and manufacturing industries bluecollarcomp com 29

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O T H O U CH EESE PA S TA A ND C RA B Chef Owners Academe Brasserie Shanna and Brian O Hea I don t think there is anything more comforting than macaroni and cheese Although it may appear to be a simple dish these can be the hardest to cook successfully I am always looking for ways to add more vegetables to my meal which is why I love adding the pur ed butternut squash to this one With it you get that vegetable addition but it also makes the sauce lighter while still giving you the creaminess you are looking for in macaroni and cheese The crab gets complimented by the lemon and tomatoes and baking this dish gives it a nice contrast in texture If you re not a seafood lover this recipe would work equally well with shredded rotisserie chicken Bon appetit Shanna and Brian O Hea are the Chef Owners of Academe Brasserie and The Kennebunk Inn in Kennebunk Maine This 1799 property with 23 guest rooms and a 100 seat restaurant anchors Main Street in one of Maine s most popular tourist destinations The O Heas have gained international recognition by participating in cooking programs around the world including The Walt Disney World Epcot International Food and Wine Festival and Holland America Cruise Line Shanna has appeared on Food Network s Chopped Beat Bobby Flay and winner of Rewrapped Brian and Shanna both appeared on a Food Network show called Best in Seafood Academe s signature Lobster Pot Pie has been featured in Oprah Magazine as one of Gayle King s favorites on Food Network s The Best Thing I Ever Ate Travel Channel s Food Paradise and 2014 Travel and Leisure Holiday Gift Guide Their Lobster White Truffle Pizza has appeared on the O List in Oprah Magazine and was also featured on Travel Channel s Food Paradise Both products are available on MaineLobsterPotPie com a website the O Heas developed to ship fresh Maine seafood overnight across the United States 32 33

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B A K ED C R A B M A C A R O NI A ND C HEE S E METHOD 2 tablespoons butter 2 tablespoons flour 3 cups milk 4 oz cream cheese softened 12 oz cooked butternut squash roasted and pulp pureed or a box of frozen cooked squash 1 each lemon juice and zest 6 oz cheddar cheese 6 oz Havarti cheese 2 teaspoons fresh cracked pepper 2 teaspoons salt 2 teaspoons Old Bay seasoning teaspoon nutmeg 1 5 lbs dried pasta macaroni shells or campanelle cup pasta cooking water 1 5 lbs fresh jumbo lump crab meat Servings 6 Bring salted water to boil and cook dried pasta until al dente or two minutes less then package instructions Drain and reserve cup pasta water Roast butternut squash cut in half and seeds removed in 375 degree oven for 1 5 hours or until fork tender Puree butternut squash in food processor until smooth In medium saucepan melt butter and whisk in flour to make a roux Whisk in milk add seasoning and continue to whisk until milk begins to thicken and comes to a boil Stir in cream cheese butternut squash pasta water lemon juice and zest and 4 oz of both cheese Fold in cooked pasta and gently fold in crab Divide pasta into 8 individual casserole dishes Coat cherry tomatoes with olive oil and seasoning and place under broiler until skins begin to burst or blister Alternatively you can use a blow torch BLISTERED CHERRY TOMATOES 1 pint cherry tomatoes 2 tablespoons olive oil Season with kosher salt and black pepper 34 35

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TEA M M EM B ER SPO TLIG HT Wealth Advisor Trent Warren T he rough and tumble exterior of a former wrestler and college football player may not immediately jibe with Mufasa and the Circle of Life from The Lion King but they might be more aligned than you think Trent Warren began his career in the wealth management industry right out of college A graduate of the University of Dayton Trent went to work at a major brokerage house where Fairhaven founder Marc Horner was already an established financial advisor and trainer of new financial advisors Marc has been especially instrumental in my career He was my first mentor when I started in the business We both ended up leaving that firm But we stayed in touch getting together for breakfasts and lunches if anybody knows Marc you know he loves to go out to eat In 2016 I was excited to officially rejoin Marc and the team at Fairhaven for the next phase of my career Trent says An appreciation for the Circle of Life extends beyond Trent s professional experience and into his personal passion for the outdoors He appreciates the emotion 36 al physical rollercoaster on display during a typical round on the links Golf and I have a love hate relationship Being a washed up college athlete he played nose guard for the University of Dayton Flyers I am naturally competitive and golf is very humbling It shouldn t be as hard as it is Even though I hate it when I struggle the struggle makes the periodic success that much sweeter Which I suppose is true for most things in life Trent waxes philosophically Hunting is another way Trent enjoys the outdoors Hunting brings out a peace and calm in me that seems present only when I am out in nature A recent highlight was on his first elk hunting trip with his brothers to Colorado During the entire trip we didn t even see an elk but the experience spending a few days in the mountains was something I will never forget Last year Trent and his wife Claire celebrated their 10 year wedding anniversary with a trip to southwestern Colorado to hike and explore the Mesa Verde National Park 37

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We have a very talented and experienced group hyper focused on delivering a great client experience Their eldest child Ellie 9 is involved in dance soccer swimming and softball She s also working on pallet knife painting and enjoys horseback riding while younger brother Joe 7 is a baseball and soccer player and student of Jiu Jitsu Joe is a Lego fanatic Trent says You can always find a Lego character in one of his pockets The family is expecting a fifth member this December For Trent the teamwork at Fairhaven is what sets apart the firm from so many others We have a very talented and experienced group hyper focused on delivering a great client experience While there are Lead Advisors associated with specific clients every member of the team is there to support one another to make sure our clients are well advised The team includes an attorney a specialist in Medicare and Social Security a commercial banking and lending expert several Certified Financial Planners and we are talking about bringing in a tax advisor The breadth of resources all under one roof is definitely uncommon Even better the best is yet to come M EET THE FA IR HAV EN TEA M The best people carefully chosen for service and results Gerald King Wealth Advisor Marc Horner Wealth Advisor and Founder Gina Hornbogen Executive Assistant David Fluett Investment Advisor Jennifer Taylor Wealth Advisor Heidi Orth Client Care Specialist Susan Kostecki Client Care Specialist Blair Fuchs Wealth Advisor Kurt Anderson Wealth Advisor Denise Jahns Client Care Specialist Lori Iwaniszyn Client Care Specialist Michael Kronk Emeritus Jean Lyon Client Care Specialist David Edstrom Senior Relationship Manager Barb Schrage Client Care Specialist Paul Mardoian Wealth Advisor Dave Wilson Communications Specialist Julie Papievis Brand Ambassador 38 10 Trent Warren Wealth Advisor Jim Sullivan Medicare Social Security Specialist 39

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FO C U S O N HO SPIC E Government Report Finds Deficiencies in Most U S Hospices Medicare Social Security Specialist James Sullivan MS CPA PFS T he oldest Baby Boomers are now in their mid70s Declining health and contemplating their own mortality will soon be their focus if it isn t already Aging brings with it physical and cognitive challenges that impact your financial planning needs Many of the conversations aging citizens have now will be difficult but important especially the ones regarding end of life planning and the role of hospice care Hospice care has been covered by original Medicare since 1983 Medicare Advantage MA plans do not cover hospice care so MA beneficiaries will receive hospice care through original Medicare Beneficiaries do pay some out of pocket costs for hospice care for instance hospice coverage requires a copayment of up to 5 per prescription drug for pain and symptom management 40 Hospice care is typically provided at home including an assisted living facility or in a health care facility such as a hospital or skilled nursing facility Medicare covers both types of hospice care Occasionally beneficiaries and their caregivers may make use of respite care This provides the caregiver with time to rest For that purpose the beneficiary may be moved to a Medicare approved facility such as a hospice inpatient facility hospital or nursing home Beneficiaries are responsible for a coinsurance payment of 5 of the Medicare approved amount for respite care EXERCISE CAUTION WHEN CHOOSING A HOSPICE With so much of the hospice cost covered by Medicare beneficiaries and their families can focus on the 41

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Occasionally beneficiaries and their caregivers may make use of respite care This provides the caregiver with time to rest Explanation Inadequate care planning A plan of care must be written for each patient Poorly trained and supervised hospice aide services Services must be provided by properly trained and supervised personnel quality of care available from local hospices Individuals choosing a hospice for themselves or their family members should carefully research all the available options The importance of this research is underscored by a recent report that reveals that many hospices have serious problems Opposite a partial list of some of the most common deficiencies identified by the report and the percentage of hospices found deficient The report also found that from 2012 through 2016 one third of all hospices had complaints filed against them For almost half of these hospices the complaints were severe In July 2019 the U S Department of Human Services Office of Inspector General OIG issued a report titled Hospice Deficiencies Pose Risks to Medicare Beneficiaries fwm media risks The report which covered almost all hospice care providers in the U S found that over 80 had at least one deficiency or a failure to fulfill a requirement for participating in Medicare Lack of properly prepared and implemented patient assessments Obviously some deficiencies are worse than others Serious deficiencies termed condition level deficiencies by the report s authors affect the quality of care and can mean that the hospice s capacity to furnish adequate care is substantially compromised or that the health and safety of beneficiaries is being jeopardized fwm media health The report found that 20 of hospices had at least one condition level deficiency Each patient must have in writing a patientspecific comprehensive assessment that identifies the patient s need for hospice care and services including the need for physical psychosocial emotional and spiritual care Lack of infection control Hospice must maintain and document an effective infection control program Proper provision of drugs biologicals medical supplies and durable medical equipment DME Drugs biologicals medical supplies and durable medical equipment related to the palliation and management of the terminal illness and related conditions must be provided by the hospice while the patient is under hospice care WHERE TO FIND INFORMATION ON HOSPICE QUALITY When choosing a hospice individuals should carefully weigh their options Clients can obtain some information on the quality of the hospices in their geographic area at Medicare s Hospice Compare site fwm media hospice The site presents information about hospices quality of care based on the Centers for Medicare Medicaid Services data and a survey of family caregivers However it does not provide information about complaints filed against individual hospices Individuals can also use a variety of websites that offer guidance on how to locate a good hospice Typically these websites are disease specific but they discuss what questions to ask as part of due diligence a topic applicable to patients with any condition Helpful pages can be found on the American Cancer Society s website fwm media acs and the ALS Association s website fwm media als 42 Deficiency James Sullivan CPA PFS is a Medicare Social Security Specialist with Fairhaven Wealth Management in Wheaton Ill In addition he serves as a resource for individuals suffering from chronic illness He is also a volunteer for Seasons Hospice Palliative Care Percentage of hospices deficient 59 53 Examples Fewer services provided than needed Failure to address individual needs Failure to supervise aides Failure to properly train aides Failure to monitor medications 42 Failure to assess pain Failing for months to update comprehensive assessments 29 Spreading of infection among patients families visitors and hospice personnel 22 Failure to provide proper medical supplies drugs biologicals and durable medical equipment related to palliation and management of illness 43

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A S HELTER IN TH E S T ORM Catholic Charities Outreach Helps Families in Need T he holidays can be a rough time of year for many people but some families feel the stress more than others This last December Fairhaven Wealth Management teamed up with Catholic Charities Diocese of Joliet to sponsor two families in the western Chicago suburbs who were experiencing particularly difficult patches We helped them out by enlisting our clients and staff to donate everything from household items like cleaning products to holiday presents including clothing and gift cards One family of three a 48 year old mother with two daughters age 10 and 17 had been living in a domestic violence shelter for several months The family was forced to start over after fleeing their home with almost nothing One daughter has a speech and learning disability and is receiving supportive services from her school Another family a 46 year old mother two daughters age 10 and 19 and a 15 year old son had been in permanent supportive housing since 2008 The mother suffers from a physical disability which prevents her from working while the younger children have suffered from regular bullying at school 44 Fairhaven is dedicated to helping people no matter where they need it either through financial advice or by helping provide basic needs like we did for these two families noted Fairhaven founder Marc Horner By working with Catholic Charities Diocese of Joliet we are thrilled to help make a difference for specific families right here in our own community The agency is always very grateful for the support of individuals and businesses like Fairhaven Wealth Management in the community says Maggie Snow public relations and communications coordinator for the organization The group s outreach programs include emergency services supportive housing programs supportive services for veteran families counselling a mobile food pantry and more We are always evaluating the changing needs of the community and working to ensure that we re providing the best programs and services to meet those needs Maggie says catholiccharitiesjoliet org 45

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A D DI N G KN OWL ED G E A MI LE DE E P Our Team Just Keeps Growing B ack in July of 2019 Fairhaven welcomed three new employees and some new clients too when Core Capital Solutions joined our growing team David Fluett who had been the sole proprietor of Core Capital explains why his company made the move My decision to join Fairhaven was motivated by my need for a succession plan and to be a member of a larger team Previously I operated as a sole proprietor so I had no one in place to step in should anything happen to me and that would not be good for my clients my staff or my family David also notes that the administrative tasks of running a company were part of his reasoning to join Fairhaven I enjoy working as an advisor but I was ready to relinquish responsibility for the day to day operations which were taking an increasing amount of my time Operations and compliance were tasks that I was capable of performing but I took no pleasure performing them So the move to Fairhaven has given me more time to focus on the aspects of the business that I enjoy our clients David says Other sources of enjoyment for David include his 46 family I have lived with my wife Peggy in Naperville for the last 25 years Our daughter Amy is living and working in Chicago so we are officially empty nesters Peggy a retired nurse continues her second career teaching yoga David also enjoys golf and with Peggy enjoys food and wine Whether dining out or cooking for ourselves or friends He notes their future plans We plan to travel a little more now that I am free from operations and I suspect that I may spend more of the winter in a golf friendly climate Jim Sullivan joined Fairhaven as our in house Medicare Social Security expert I am here as a resource to help educate clients on Medicare coverage A lot of people advisors too are under the assumption Medicare is a one and done decision A better process is to review your coverage every year just like a periodic review of your investment portfolio For many of us our health care needs change over time and the coverage that worked last year may not be the best fit this year Not only does Jim add to the Fairhaven roster of client resources he has long been an industry resource on 47

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needs some time to themselves to rest and recharge I step in for a few hours I get much more out of this than I put in It is amazing to me how kind and thoughtful people are even in the direst of circumstances Jim and his wife Janet have three children Our oldest Emmy got married over Christmas Emmy was graduated with a degree in nutrition and is a personal trainer My new son in law has enlisted in the Air Force and will be attending basic training Dan is our middle child and is working on his Internet Engineering and Security degree at DePaul University Our youngest Becca is working on a degree in special education My wife is a Tae Kwon Do master and along with Becca teaches Tae Kwon Do at a local martial arts school My wife and I are also members of Immanuel Presbyterian Church in Winfield Jean Lyon joined the Fairhaven team from Core Capital Solutions as a client services manager A resident of Naperville Jean enjoys golf with her husband George a food safety auditor George s adult daughters Melissa 29 and Sarah 27 live in Dallas and Chicago respectively We both love family food and laughter Jean says A hobby for us is to host family dinners and try and outdo the last one David Fluett and Jean Lyon whom other financial advisors have relied I have written several books on Medicare for the American Institute of Certified Public Accountants AICPA I have also written over 100 articles on the topic I am also an expert on Social Security assisting clients with making the important decision on when to begin their benefit Jim explains Jim cites the culture at Fairhaven as being particularly engaging The energy and enthusiasm here are infectious The advisors and staff are incredibly professional and work hard every day to deliver great service to our clients You can t help but love the atmosphere here Outside of Medicare Jim s primary hobby is reading books about 19th century American history My favorite topic is Abraham Lincoln which helps explain the large drawing of Lincoln in my office It is an original piece of artwork produced by the Fairhaven art curator That s one of many examples of the uniqueness of the Fairhaven culture how many companies care enough to have an art curator procure original pieces of art that reflect the personal interests of each team member The answer might be ONE Jim has been in the wealth management industry for over 30 years which included a long stint at Arthur Anderson in the 1980s He struck out on his own in Jim also serves as a hospice volunteer Right now I help provide respite care Jim says When a caregiver needs to go to an appointment do an errand or just Lush gardens surrounding the Moreau s meticulously restored 250 year old French manor house 48 2002 and has known and worked with Dave Fluett for more than 20 years A finance newbie when she first joined the Core Capital team Jean has grown nicely into the role I didn t have any experience in the financial industry when I started but it turned out to be one of the best things that ever have happened to me both personally and professionally Learning about personal finance and investing has helped my own financial planning habits and I just love working with our clients Much more than just stocks and bonds David Fluett takes such wonderful care of our clients He brings to life the word fiduciary with his commitment to honesty integrity and always doing what is best for our clients And the Fairhaven Team has the same passion for caring for our clients like family Jean and George are also golf enthusiasts and spent their honeymoon playing the links at Pebble Beach Unfortunately their day at that course turned out to be an infamous one it was 9 11 2001 The whole moment was bittersweet to be in one of the most beautiful parts of our country as it was being attacked Jean remembers We ended having to drive the whole way home Jean s positive attitude did not let her down George and I say to this day that it was a great Plan B We got to see parts of the country that we wouldn t have thought to visit and meet folks from all over the country Our hope is to try to duplicate the original trip someday Jean describes the Fairhaven culture The people at Fairhaven are incredible Friendly smart easy to smile and laugh I have felt welcome from Day One It s exciting to be part of something new and invigorating It s a team environment with a sense of family and always a lot going on it s more than a job it s an adventure Jean laughs Opposite Jim Sullivan 49

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C A R V ING IN LA LA LA ND Carver Doug on his life in wood A lthough the Sons of Anarchy TV show about a fictional outlaw motorcycle club might seem to have little in common with Fairhaven Wealth Management the two entities do share a wooden bond Upon entry to the Fairhaven offices in Wheaton visitors are greeted by a six foot diameter wooden carving of the iconic Fairhaven leaf logo hanging on the wall The logo made of California red oak was fashioned by Doug Rowell a noted woodcarver who also crafted the famed wooden table that appears prominently on the TV crime drama Doug explains how he got connected with Sons of Anarchy I got a call from the art director one Sunday afternoon I think he heard about my woodcarvings from another art director He said they had a new show about a motorcycle club and they had a 5X8 ft redwood slab they wanted to use as a table He wanted me to carve the motorcycle club colors into it I said When do you need it He said Friday We both laughed I said If you can have it in my driveway tomorrow 50 morning at 9 a m on a 3 ft high rolling dolly you can pick it up Friday afternoon The Fairhaven art curator Truman Rapp tracked down Doug to commission him for the Fairhaven job Marc threw out the idea that he thought the logo would look nice carved out of wood in a style like the Sons of Anarchy clubhouse table I have to admit I did not quite get the connection between financial planning and outlaw motorcycle gangs But part of the fun working with Marc and the Fairhaven team is how much they enjoy thinking creatively Doug incorporated some modern art trickery to begin the process I pasted the logo into Photoshop an image alteration computer program blew it up to 72 inches in diameter then printed it out on 26 8x10 fullpage label papers pasted the labels on the laminated structure then began the cutting Doug says I think it took about three months from order to delivery In addition to Fairhaven s business Doug s well known carving prowess has drawn the attention of the Holly51

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FA I R HAV EN MUSEU M OF A RT No Approvals A picture says a thousand words Those words are usually not Diversification Rebalancing Asset Allocation or Roth IRAs But those are exactly the words that are meant to come to mind when you experience the custom artwork decorating the offices of Fairhaven Wealth Management in Wheaton Illinois And we do mean experience From the beginning we thought about the design of our new offices as an asset Not a balance sheet asset but a marketing asset to physically communicate our culture without saying a word recalls Fairhaven founder Marc Horner After nearly 20 years working at big banks and brokerage houses I have seen my fair share of corporate offices Sure they are nice but blindfold me and drop be in the middle of a Goldman Sachs Morgan Stanley or JPMorgan office and I doubt I could tell you the difference That is not the case with our offices you know immediately you re someplace different 54 Fairhaven coordinates with its clients other advisors including tax and legal and they applied similar thinking to the process of building its office art collection Our branding people connected us with Truman Rapp a professional art curator and he and his team hit the ground running said Marc We immediately grabbed on to the Fairhaven vision and decided to test their commitment to being different by requesting a No Approvals engagement Fairhaven would see the artwork as it was being hung on the wall and not before smiles Truman Somewhat surprisingly Marc agreed to our terms Not many clients would be prepared to demonstrate that much trust in any firm particularly when it has such a direct impact on their client experience More than that the team has had a ton of fun thinking without borders and sourcing art from around the world Facing Toby Lawson Si modo scias quid me 2017 Wood LED monitors 55

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NO DISTRACTIONS T he curators at the Louvre didn t hang the Mona Lisa with fishing line Washington Crossing the Delaware at the Met isn t suspended with thumbtacks And Sunday on La Grande Jatte at the Art Institute of Chicago isn t affixed to the wall with duct tape Likewise the not quite as famous pieces of art in the Fairhaven office in Wheaton aren t glued to the wall with glue stick either Rather they are attached with an inventive display connectivity devised by Wheaton Illinois residents Bill and Janice Zeuch Their system makes artwork or any other mounted material Float off the wall with an invisible and adjustable framing mounting system Bill says A comic book aficionado Bill s own collection led him to ask an important question How do I safely store these items when they are VERY valuable But at the same time display them in a way to allow everyone to enjoy them It was real challenge Bill says He began tinkering with a wall mounted display system which lead him to a realization Many people collect 58 things like shot glasses baseball cards coins and even glass doorknobs Bill notes There are also collecting societies for virtually everything as people have a desire to socialize with those with similar interests So they also have a real desire to display their prized collections says Bill His tinkering lead him to begin the CollectorMount company in his basement to develop well designed products that are easy to install invisible adjustable and cost effective that could be used to display a wide range of collectibles Another goal was to craft a business that he could run with his family Currently CollectorMount has five available products ComicMount AlbumMount CDMount DVDMount VideoGameMount and CardMount The Fairhaven connection came about when Bill struck up a conversation with Fairhaven founder Marc Horner his neighbor on Wheaton garbage days when the two would bond over refuse Marc was always interested in the mounting business would always ask questions 59

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NAILING THE VISION U pdating a 1980s era building to 2020 usability involves a lengthy checklist but that is just business as usual for the team at Wetmore Associates Construction Founded in 1977 by Brian Wetmore the company project list includes residential additions and renovations whole house remodels and commercial build outs In 2014 Brian s son Tom joined the company and has since taken over more and more of the day to day operations Part of our permitting process on this project included a substantial redesign of the building s HVAC system Tom recalls The entire first floor had been divided and recombined several times over the years to accommodate different tenants That left the electric and ductwork fragmented We spent a lot of time and effort thinking through and mapping out the new runs to accommodate the office redesign The office remodel was more than just electric and ductwork There was wallpaper everywhere and it took a lot of effort and care to strip prep and skim all of the 62 walls If it was not done properly the new paint would have bubbled off the walls The wallpaper to paint conversion was an arduous task We had a full week of stripping and prepping before the walls could be painted Wetmore worked closely with Fairhaven founder Marc Horner and his wife Chris The company had previously remodeled the Horner home so there was a relationship of working together We already had a great and comfortable relationship with Chris and Marc prior to starting this project In fact in addition to doing some remodeling work on their home we visited several commercial properties they were considering for the new Fairhaven offices counseling them on redesign budgets The Wetmore team is much more than a construction company comments Chris They do a great job understanding the vision and then working through the realities of the budget Tom made some great layout recommendations from the original design to open up the office and create new spaces They also connected us with terrific subcontractors to update all of the finishes in 63 25

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St Charles interiors above and opposite design Z O architecture interiors Photos Kelly Swartz Photography cluding the flooring doors and cabinets and a complete update of the bathrooms including polished concrete floors They even hung our hand carved wood logo which has to weigh more than 500 pounds says Chris Among the many unique features of the Fairhaven office are the glass barn doors along the board room They might be my favorite design element Twenty feet across and floor to ceiling they make an amazing statement as you enter the office observes Tom Chris was immediately on board with the idea but even though he might deny it Marc took some convincing Chris was constantly trying to push the design envelope while Marc was trying to maintain a budget There was a lot of compromise and in the end I think everyone is happy with an amazing new home for Fairhaven We really enjoy working with both Chris and Marc Their creativity is a lot of fun and leaning on our input and expertise made the whole project feel like a partnership I am probably too close to the project to give a completely unbiased opinion Tom confesses But the Fairhaven offices are totally unique and gorgeous More so the physically reflect the fabulous culture of the firm You have to check them out wetmore construction com Above Interior remodel St Charles Illinois 64 31 Opposite clockwise from top left Custom wet bar St Charles F45 Training Wheaton Custom front home elevation Wheaton Fairhaven conference room Wheaton Kitchen remodel Wheaton all in Illinois 65

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A FRESH NEW APPROACH T he Fairhaven office is an eclectic colorful open and inviting space that could be equally at home in Midtown Manhattan as it is along the streets of Wheaton Illinois The design is deliberate a bold break from typical cubicle lined workspaces and mass produced artwork Among the unique features throughout the space is a boardroom anchored by a long conference table constructed from a former bowling lane The lobby features a giant Fairhaven logo hand carved out of California redwood and the breakroom kitchen walls are adorned with original rainbow colored caricatures of Fairhaven team members Susan Follett project manager at LaPage Architects who helped design the office explains how the arrangement closely mirrors the overall philosophy of Fairhaven The office layout and design are extensions of the vision of Fairhaven founder Marc Horner and his wife Chris who serves as the interior decorator Once we were retained for the project Chris and Marc shared their vision for the new office space to evoke a different 66 feeling than just your typical beige fabric utilitarian office or as some would call it a cubicle farm They wanted an open layout with a modern and warm vibe that would communicate to all guests of Fairhaven this isn t my parents financial planning office that Fairhaven was ushering in a fresh new approach that expressed the firm s dynamic personality and desire to deliver a client experience that was more agile more responsive and more memorable We understood very clearly that alongside a sense of security and trust Fairhaven wanted to communicate a feeling of exclusivity to help both their employees and their clients feel part of an innovative group of professionals Experts in their field who care seriously about their responsibilities to their clients but who don t take themselves too seriously We immediately found the vision to be a compelling combination Susan explains Exemplary of this mindset is the company billiards table Chris and Marc always planned to incorporate a billiards table into the office layout and they talked of using this new larger office space for after hours client gatherings that would encourage networking and edu67

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cational workshops in a relaxed and elegant setting It was very important the new space maintain an open concept layout that would encourage a collaborative atmosphere the most prominent of these spaces is the main conference room centerpiece the bowling lane table with its large glass doors that open up to the main lobby allowing the room to double as an elegant gathering space The whole project gave us a rare and exciting opportunity to infuse a relatively straightforward office build out with a bit of unexpected character style and fun Susan says In its previous life 104 E Roosevelt Rd in Wheaton Illinois had been an accounting firm so its perimeter offices had already been set up However Susan characterized the space as compartmentalized and some infrastructure elements like electricity sources would prove to be too costly to renovate It s a challenge with which we are often faced on interior renovations but one we relish to reimagine a space while also working within the constraints of an existing building system and its infrastructure Susan says After a final design was agreed upon the LaPage team handed off the remainder of the work to Wetmore Construction and the interior design expertise of Chris Horner Chris and Marc remained involved throughout the entire process We give Chris Horner all the credit for the end result once we handed the plans off to Tom Wetmore she took the lead on the interior design sourcing all the interior fixtures and furnishings on her own She did a fantastic job Her design talents and zest for finding really cool stuff at great prices is a powerful combination and I think anyone would agree that her tenaciousness paid off I guarantee you will not be disappointed when you see Fairhaven s elegant and impressive space lapagearchitects com Above Fairhaven conference room Wheaton Facing clockwise from top Three season room addition Wheaton Custom Home Winnetka Fairhaven kitchen Sunroom Glen Ellyn Fairhaven office space cafe interior Wheaton all in Illinois 68 69 31

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WORKING WHILE INSPIRED V isit the Fairhaven offices during normal business hours and you re likely to see team members either sitting or standing at adjustable desks which allow them to work in a variety of ergonomic positions with appropriate social distancing That s just one element of the end products delivered by Business Office Systems BOS the office supply firm that helped Fairhaven design and furnish its new offices in Wheaton Illinois Like the architecture and construction teams that worked on the Fairhaven office BOS began the process by understanding the vision of Chris and Marc Horner Chris was referred to BOS by a friend and dropped by the BOS showroom in Roselle where she met vice president John Fredricks Generally we work via appointments but that day I happened to be in the office available to help and that turned into a wonderful opportunity John remembers The Horners had some pretty definitive ideas of what they wanted and that helped us get right to work identifying the various d cor elements Chris and Marc had 70 done their homework and immediately sent us pictures of office settings that resonated with the environment they wanted to create Commenting on the BOS experience Chris says Before it became an actual reality John Bridget Gillespie and Rachel Zyrowski took our vision and turned it into a virtual reality with the help of their incredible design software That part of the process was invaluable in helping us fine tune walkways seating areas furniture placement all the details that go into executing a design plan Philosophically the office furniture layout and systems were designed with the Fairhaven staff in mind John remembers his directions Chris and Marc were very clear from the start They wanted to make the office warm and welcoming a place where each member of the team has their own workspace that is both efficient and comfortable but also provides adequate privacy Beyond the workspaces they were equally clear about creating a range of casual spaces to encourage non work engagement over coffee lunch or a game of pool No matter who walks through the Fairhaven office doors team members clients prospective clients Chris and Marc wanted every guest to have the immediate impression that Fairhaven is different They nailed it As with any construction project John and his staff faced some challenges The workstations in the open office space were challenging due to existing column locations Aisleways also created challenges in front of private offices and the break room Many of the Fairhaven offices are larger than typical office layouts so there was more space to fill certainly a good problem to have Overall the seven month process from discussion and visualization through installation was a tremendous experience for John and his team Chris and Marc could not have been easier to work with In addition to being unusually decisive they were also open to our ideas and recommendations It was a great balance of having a clear vision while remaining flexible to lean on the experience of our team We really enjoyed working with them If you are ever in the Wheaton area you should swing by to check out their office space It is unlike anything you will see bos com 71

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ESTATE PLANNING PITFALLS How To Ruin More Than Your Weekend F ew of us wake up on a Saturday morning and announce over morning coffee After we clean out the garage I think today is a good day to review our estate plan For most of us the last time we reviewed our estate plan is the same day we first signed that stack of documents at the attorney s office Many of us complete an estate plan and then fail to revisit it for years and some never do It is important however to review a plan every so often especially around tax law changes and life changes such as a birth marriage divorce or death At a minimum you should consider dusting off and revisiting your estate plan every 3 to 5 years to help ensure alignment with current laws and your current circumstances and wishes The following is a list of common pitfalls in the management of your estate plan If any rings a bell it might be wise to review these topics with your estate planning team i e financial advisor tax advisor and legal advi 72 sor and perhaps update your plan FIDUCIARY FOLLIES Do you know who your fiduciaries are It is a fiduciary s legal responsibility to act in the beneficiary s best interest Two types of fiduciaries often seen in estate plans are executors and trustees Executors are typically appointed in a will and are given control of assets during the probate process until the assets are ultimately distributed to the named beneficiaries Executors are responsible for collecting all the assets of the deceased paying final debts paying expenses and filing any estate tax returns Trustees control the assets held within trusts which may have been set up during a person s life or at death under the terms of a will While an executor s role is typically for a finite period a trustee s role may continue either in perpetuity or until the trust is terminated A key role of the trustee is to make distributions to a 73

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It is important however to review a plan every so often especially around tax law changes and life changes beneficiary while following the terms of the trust agreement Executors and trustees generally bear responsibility for investments accountings and tax filings during their tenure Outdated estate plans often name fiduciaries or successor fiduciaries that may no longer be suited for the position A fiduciary named years earlier may be too elderly or even deceased If a professional e g attorney CPA is named it is possible that they may no longer be practicing or their professional relationship with the beneficiary may have since ended Even named corporations which we generally assume to exist in perpetuity may have merged with or been acquired by another entity And children who may have been too young to serve when the documents were created could now be capable of taking on the role of fiduciary Although fiduciaries are bound by certain standards of law it is most important to name individuals you trust Other important considerations are the age maturity and level of financial knowledge of the fiduciary It is quite possible that the individuals who had fit most of these qualifications may have changed over the years and now no longer do Check to see who you have named as 74 fiduciaries in your estate planning documents to determine whether you need to revisit these designations YOUR LITTLE ONES AREN T SO LITTLE ANYMORE When a child is young a key estate planning decision parents often make is to determine a guardian If your child is now an adult however a guardian may no longer be relevant but new considerations arise Is your child married Is your child financially responsible Are you leaving assets to your children in a trust Have your children had children of their own Many trusts are designed to distribute assets to children at certain ages e g one third at age 25 one half of the remaining assets at age 30 and the remaining balance at age 35 If a child is now above one or more of these ages they will receive distribution of part or all of the trust assets outright and free of trust upon the last to die between you and your spouse Now that your child is older you may feel differently about their ability to handle a large inheritance for example you may feel that large sums might not be spent in the most prudent manner if they are free of restrictions Further if the child is married an inheritance can easily be commingled with the spouse s assets possibly subjecting the distributed trust assets to equitable distribution upon a divorce When children are minors they do not typically need health care powers of attorney living wills or advance health care directives since their parents or guardians are legally responsible for them But once they become adults this creates an opportunity for Mom Dad to talk with their adult children about the importance of these documents for themselves PRIVACY PLEASE HIPAA RIGHTS The Health Insurance Portability and Accountability Act HIPAA was passed in 1996 in part to establish national standards for protecting the confidentiality of every individual s medical records and other personal health information As a general rule health care powers of attorney living wills and advance health care directives should contain provisions waiving an individual s HIPAA rights with respect to their health care representatives These stipulations allow physicians and other health care professionals to share a patient s medical information with their representatives empowering them to make informed health care decisions Without these HIPAA autho As our lives evolve so should our financial and estate plans rizations in health care documents doctors may be unwilling to share medical information which may impede decision making regarding a patient s care and any end of life wishes These concerns would also apply to adult children who may have just graduated from high school or are attending college MO MONEY MO PROBLEMS Financial security is a goal for us all but with wealth comes complexity and sometimes problems in the form of taxes of all shapes and sizes income estate gift etc Current federal law allows each citizen to transfer a certain amount of assets free from federal estate and gift taxes named the applicable exclusion amount In 2020 every citizen may at death transfer assets valued in the aggregate of 11 58 million 23 16 million for married couples free from federal estate tax For gifts made during one s lifetime the applicable exclusion amount is the same Therefore every person can transfer a total of 11 58 million during their life or at death without any federal estate and gift tax This does not include the annual gift exclusion which applies as long as each present interest annual gift to any recipient is less than 15 000 Therefore generally only estates worth more than these amounts at the time of death will be subject to federal estate taxes But this was not always the case The annual exclusion amount has been changed numerous times over the last few decades including one year with no estate tax at all The Tax Cuts and Jobs Act passed in December of 2017 doubled the existing exclusion amount to 10 million indexed for inflation 11 58 million for 2020 However even this new exclusion amount is temporary and is scheduled to revert to the previous exclusion levels in 2026 did you get all of that Tax laws change so it is important to periodically review estate documents with your financial tax and legal advisors to determine whether the planning you have in place remains appropriate GETTING OUT OF DODGE CHANGES IN RESIDENCY Where were you living when you drafted your most recent estate plan Each state has its own estate and income tax laws and it is important to plan appropriately Furthermore some states are common law property states and others are community property states There are significant differences between them when it comes to transferring assets and a document drafted in a common law property state might not be appropriate in a community property state As of 2020 17 states and the District of Columbia also impose some form of estate or inheritance tax Additionally each state has different exemption amounts so it is vital to evaluate your current wealth and estate planning needs with your attorney keeping both the federal and your state s exemption amounts in mind In some situations establishing a trust as part of an estate plan can help counter state estate tax implications PHILANTHROPY AND THE 3 TS For many with financial success comes a desire to give back Individuals may contribute their time volunteer work talents pro bono activities and or treasure money or other assets Many donate to religious organizations or to charities that support cancer research or that provide benefits to military veterans Generally people donate to charity because they care about these organizations but they may also be seeking charitable deductions for income tax purposes The bottom line is that philanthropy 75

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is positive for society for the charity and for donors families Many of us however forget to include our important charitable causes in our estate plans Just like when we give to charity during our lives there are many of the same benefits available when charitable giving is included in our wills Everything from direct gifts to charities to charitable trusts to donor advised funds or family foundations can be considered with your estate planning team THE LESSER OF TWO EVILS INCOME TAXES VS ESTATE TAXES Your prior estate planning may have emphasized federal estate tax savings because of the much lower applicable exclusion amount and traditionally higher federal estate tax rates However changes in the federal tax law make it increasingly important to focus on the income tax consequences of estate planning in addition to the estate tax consequences For estates still subject to federal estate tax the federal estate tax rate is 40 These rates must be compared with the top federal income tax rates of 37 on ordinary income and 20 on long term capital gains and qualified dividends plus a 3 8 Medicare net investment income tax Furthermore trust income tax rates must be taken into consideration Trusts are taxed at the highest federal income tax bracket starting at 12 950 in annual trust income Therefore when transferring assets to a trust for estate planning purposes consideration should be given to the potentially negative consequences of higher income taxes Outdated estate plans may not provide the flexibility required to shift the income tax burden from the trust to individuals in potentially lower tax brackets ARE LIFE INSURANCE POLICIES ON LIFE SUPPORT Does your existing life insurance policy still make sense both from an estate planning and a financial planning perspective Is the policy performing as expected Is the policy still competitive with what is available in the marketplace today Do you own your policy outright or should it be owned by a trust Many people purchase life insurance and continue paying the premiums for many years even though their financial picture may have changed along with the original reason for the life insurance It is important to include a review of both the appropriateness and health of your life insurance relative to your financial and estate planning goals PAYING IT FORWARD Do your loved ones know what you plan to leave to them when you die Do they know who to contact when something happens Fewer surprises will make estate administration much easier when the time comes Regular communication about both good and bad decisions may help your family with their own financial and estate planning Consider drafting and regularly updating a letter of instruction to your children and fiduciaries This letter should include an inventory of assets and a list containing names addresses and phone numbers of your estate planning team Easy access to this information may save your family from headaches down the road Furthermore having a discussion regarding your assets your intentions and your reasoning especially when creating trusts rather than leaving assets outright will help build relationships and avoid family discord and may even reduce the likelihood of litigation after you are gone yes unfortunately that happens When thinking about assets do not forget digital assets such as email accounts social media accounts and song and picture libraries You may want to create a list of your digital assets and name a successor to handle them Proper documentation of succession planning for your digital assets is necessary because state and federal laws may prohibit others from accessing or using your digital assets without written consent CONCLUSION As our lives evolve so should our financial and estate plans Death birth marriage divorce and having children reach adulthood are some of the many reasons estate plans can become outdated Inevitable changes in laws and the tax code along with changes in family and financial circumstances can further erode a plan s effectiveness Few of us want to ruin a weekend by reviewing documents financial or otherwise But successful financial planning and estate planning requires more than just signing documents and stuffing them in the safety deposit box Think of your plan as a living document one that should evolve as you do DR S SU E HO R NER 1947 2020 A s many of you know my Mom was diagnosed with an inoperable brain tumor that she had been battling for over a year Unfortunately in the early morning of Good Friday she lost that battle While only 72 to say that Mom lived a full life is an understatement Raised in Wheaton Illinois she left the Midwest for college on the east coast As a high school senior her early aspirations included working at the United Nations facilitating communications among global leaders A small detour emerged both figuratively and literally with the birth of an unplanned son at the end of the summer following her sophomore year in college Marriage to Dad had preceded the birth but not with enough buffer to elude the disapproval of church leaders Unshaken and not missing a beat Mom was back in class that fall ultimately graduating right on time A few years later now with a daughter rounding out the 76 clan Mom and Dad traded coasts moving just outside San Francisco Mom supported the family working full time In the evening she completed the first of what would ultimately be three graduate degrees While Mom burned the candle at both ends Dad loafed his way through a joint MBA PhD program at Stanford University A few years after graduate school Mom and Dad returned to the east coast to accept what would be the first of their three collegiate presidential assignments They were 31 and 29 the youngest holders of a college presidential office in the country The descriptors their they are intentional The demands placed on a college president particularly when leading smaller less resourced colleges are remarkably wide ranging both in task and audience Students faculty staff alumni donors government and business leaders tend to each have their own priorities and quirks Successful navigation of this 77

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constituent diverse minefield requires more than a single person Mom and Dad were exceptional bias confessed at appreciating and supporting one another in that task Unfortunately for Mom organizations tend to move more slowly than individuals Her and Dad s fight for organizational appreciation would take some time The workplace was not the only arena in which Mom did battle For as long as I can remember the kitchens of my youth included signs reading Ask Not What Your Mother Can Do for You Ask What You Can Do for Your Mother Not the Barefoot and Pregnant Type and When God Created Man She Was Only Fooling A bit of a wiseacre I fondly recall standing next to one of those signs and demanding Mom prepare for me a bowl of ice cream With equal fondness I recall her tender reminder Don t be stupid get your own ice cream In addition to her duties that accompanied that first presidential assignment Mom continued developing her professional talents as an author Oh yeah she also made the hour plus commute to Boston to complete her Masters Degree at Harvard University Presidential assignment number two brought the family to Chicago Another small college with limited resources and questionable financial footing Mom and Dad hit the ground running immediately putting to Since then I have lost track how many times a member of that college community shared with me their thanks for Mom and Dad s leadership Some going so far as to say they saved the school That may or may not be true What is true is Mom added professor to her resume teaching classes and mentoring students on the ground in Chicago Sweden South Africa and Australia She also managed to complete her 3rd graduate degree a Doctorate from Northwestern University After Chicago Mom and Dad moved back east to Boston where Presidential assignment number three surfaced The American College of Greece in Athens Greece The poetry of this opportunity continues to be unmistakable Mom and Dad had spent their lives committed to learning both their own and cultivating it in others Well before that there was Mom s ambition of doing good globally Now their mutual professional capstone would be leading an institution with an alumni network stretched across the globe from a campus situated on a hill in the cradle of the birthplace of Western Civilization Perfection The last year has been difficult Shortly after her diagnosis the tumor had an increasingly noticeable impact on Mom s personality rendering it mostly flat If you knew her the magnitude of this impact needs no further description If you did not reread the section that concludes with her calling me stupid Within what is an overall remarkably sad circumstance I cannot ignore the many bright spots Mom and Dad s employer The American College of Greece continues to perform a case study on the delivery of organizational empathy in both word and deed The home healthcare staff has taken remarkable care of Mom and our entire family So much so we now regard them as family The proximity to Mom and Dad of my sister and her husband both accomplished professional chefs has ensured full cupboards of the highest quality meals Together the combination of expert healthcare and top shelf food made it a reality to move Mom from an assisted living facility back into 78 Jell O he unveiled 35 years ago Mom s influence made us each better My Boston visits this past year always included making breakfast for Mom Hanging on the inside of one of the kitchen cabinets was a familiar sight her sign Not the Barefoot and Pregnant Type None of her other signs hung in the kitchen Never being shy about sharing her opinions I believe the location of that sign revealed its personal significance She hung it there for her work their vast toolboxes as seasoned higher educational leaders They were 39 and 37 That Chicago stretch would last nearly 20 years A few years ago Mom started using the phrase Most people in life are doing the best they can She would share that wisdom in times of my frustration with business or to help her grandchildren navigate challenges in school sports or friendships A wonderful perspective However set against her earlier life experiences that included hypocritical finger wagging from religious leaders and marginalization of her professional contributions her advocating tolerance even for the intolerant is stunning her own home surrounded by her books artwork and family photos For me the thoughtfulness of our clients and our team in the office continues to be overwhelming And I cannot begin to describe the rock that is my wife Without hesitation she has supported my frequent visits to Boston While I am under no illusions about who is in charge at home I am equally aware being solo with four kids wonderful they may be puts more pressure on The Boss That she has selflessly given me so much time with Mom is an unspeakable gift Young motherhood Supporting her full time graduate student husband Love of the arts Ridiculous academic achievement Passion for learning Fiercely encouraging and supportive of her children and grandchildren An ever inquisitive citizen of the world All this wrapped in a package of dazzling blue eyes an easy and infectious smile and an engaging and accepting personality that drew you in with arms wide open Sue Horner Not the barefoot and pregnant type That s damn right Things could be much worse as none of these bright spots are necessarily so For each of them I am deeply grateful Mom s impressions on me are many Beyond her remarkable passion for lifelong learning she led our family in an appreciation of the arts music and food Experiencing Dad s velvety scrambled eggs with a hint of cream and snips of basil one would never attribute to the same cook a disturbingly gray Thanksgiving 79

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