Locke Advisory Services LLC

Locke Advisory Services LLC We provide independent wealth management, personal financial planning and tax services to help indiv Our ultimate goal is to help you succeed. Mr.
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Independent Wealth Management, Personal Financial Planning & Tax

Art Locke, CPA/PFS, CFP is the founder of Locke Advisory Services LLC, a registered investment advisor in Virginia (www.lockeadvisoryservices.com). Locke Advisory Services provides independent wealth management, personal financial planning and tax services. As an independent advisor, the firm is dedicated to helping individuals and

families make sound financial decisions, plan for their future and implement appropriate investment strategies. We serve our clients by providing thoughtful and diligent management of wealth, financial planning, individual tax and business services. Our first priority is to listen and learn about your dreams and goals, and where you want your life’s journey to go. Locke received his Certified Public Accountant ("CPA") certification in May 1988. He is a credentialed Personal Financial Specialist ("PFS") through the Association of International Certified Public Accountants ("AICPA") and passed the Series 65 Uniform Investment Advisor Law Examination. The PFS credential is administered by the AICPA and is only available to CPAs. He also passed the CFP Board's CFP® Certification Examination and became a Certified Financial Planner ("CFP") in December 2019. From September 2011 through December 2016, Mr. Locke was a private investor performing fundamental and technical research, investing in a wide range of publicly trade equities, mutual funds and real estate. Prior to that, he served in an executive capacity for 5 publicly-traded companies, including Chief Financial Officer of 3. In 2006, he was a top 5 finalist for the 2006 Greater Washington Technology Council Public Company CFO of the Year. The core value of our Firm is our commitment to work in the best interests of the clients we serve. Trust, Independence, Integrity, Competence, Experience. We are dedicated to building trusted, objective and long-term relationships with our clients. We do this by providing independent, personalized, knowledgeable, and comprehensive advice with the highest degree of integrity and customer service. As an independent, fee-only advisor, the Firm does not receive commissions, bonuses or fees related to the purchase or sale of securities, insurance or other products recommended to and purchased by our clients. If you, your family, friends, clients or colleagues are looking for investment management, personal financial planning or individual tax, please contact us at [email protected] and visit www.lockeadvisoryservices.com for additional information. Be sure to follow us for interesting articles, information, commentary and updates.

Inflation can erode the purchasing power of your savings and investments over time, making it important to consider inve...
06/20/2023

Inflation can erode the purchasing power of your savings and investments over time, making it important to consider investing in assets that can provide returns that exceed the inflation rate. Historically, stocks have provided higher long-term total returns than cash alternatives or bonds, but with greater risk of volatility and potential for loss. Diversifying your portfolio across different types of investments can help manage inflation risk, but it doesn't guarantee a profit or protect against loss. Check out this article for more information

Historically, one of the best ways to fight the effects of inflation has been to utilize growth-oriented investments.

Many people want to save for retirement but are unsure of when to start and how much to save. Waiting to start saving ca...
04/26/2023

Many people want to save for retirement but are unsure of when to start and how much to save. Waiting to start saving can lead to a significant loss of potential earnings due to the power of compounding interest. Starting to save early, even with small amounts, and increasing contributions over time can greatly benefit future financial security. Check out this article for more information

If you start saving for retirement sooner, the more money you are likely to accumulate and possibly retire sooner.

Roth IRAs are tax-favored financial tools for retirement savings, allowing tax-free qualified distributions during retir...
03/22/2023

Roth IRAs are tax-favored financial tools for retirement savings, allowing tax-free qualified distributions during retirement. Contributions made to a Roth IRA are not tax-deductible, but withdrawals of contributions are tax-free and penalty-free, while withdrawals of earnings may be subject to taxes and penalties unless certain requirements are met. Check out the following article for more information.

Qualified Roth IRA distributions in retirement are free of federal income tax and aren’t included in gross income.

With tax season right around the corner, everyone should understand what your tax burden might be, what tax breaks you m...
03/02/2023

With tax season right around the corner, everyone should understand what your tax burden might be, what tax breaks you might be eligible to receive and who shoulders the burden of tax revenue in our country. Check out the flipbook for more information on managing your tax burden and making better sense of the big picture.

This interactive publication is created with FlippingBook, a service for streaming PDFs online. No download, no waiting. Open and start reading right away!

Everyone should set financial goals along with strategies to achieve them. The financial management decisions you make t...
01/26/2023

Everyone should set financial goals along with strategies to achieve them. The financial management decisions you make today will shape your future, whether it’s saving for retirement, your child’s college education or buying your dream home. Check out the following flipbook to learn more about key issues to cover through a lifetime of sound financial management.

This interactive publication is created with FlippingBook, a service for streaming PDFs online. No download, no waiting. Open and start reading right away!

Congratulations to Lori Locke for being selected as one of the most powerful women in broadband media! She's an incredib...
12/10/2022

Congratulations to Lori Locke for being selected as one of the most powerful women in broadband media! She's an incredibly hard and smart working professional and a real inspiration for her family, friends and colleagues!

Congratulations to the Most Powerful Women Honorees 2022!

01/06/2022

Can't thank my clients enough for making 2021 one of our best years so far with a 41% increase in clients and 44% increase in assets under management! Look forward to working together in 2022 as we manage through the challenges of omicron, inflation, interest rates and market reactions in the coming year! Happy New Year!

01/03/2022

Had the opportunity to do an episode on Off the Dome Radio with hosts Tim Ahlersmeyer and Colin Slager. Great guys who do episodes on all kinds of businesses with many different entrepreneurs, in fact, 175 episodes in total! Hope you enjoy the show and while you’re there, be sure to check out some of their other episodes! Shout out to Brandon Locke who connected me with his friend, fellow golfer and fellow Butler U. alum, Tim Ahlersmeyer in Indy.

https://offthedomeradio.fireside.fm/art-locke

Show Description:

In this interview, Art describes the process of leaving corporate life to start his own business. He also provides meaningful financial advice for professionals of all ages. To learn more about Art, you can visit his website at lockeadvisoryservices.com

Show Highlights:

4:45-12:45: Art goes into his background, his motivation to leave the corporate world, and the process of getting his business formed.
12:45-19:25: Art highlights the key lessons learned from serving as an executive for five public companies, what it's like running a business as a sole proprietor, and the types of clients he serves.
19:25-26:45: Art provides financial advice for young professionals fresh out of college.
26:45-38:00: We ask Art's opinion on cryptocurrency and the future outlook of the U.S. dollar.
38:00-47:15: Art talks about the impact of the internet on financial education and what he does to keep himself knowledgeable about current financial trends.
47:15-56:45: Art discusses money's impact on relationships and how to pick a quality financial advisor.
56:45-1:04:45: Art reflects on life lessons from golf, and he shares his thoughts on how he wants to be remembered.

I love to discover people with special talents at whatever they love to do. Hope you find your "special" in 2022! Happy ...
01/01/2022

I love to discover people with special talents at whatever they love to do. Hope you find your "special" in 2022! Happy New Year!

Here's to Chelsea Constable, a new talent discovery. Classic covers of Cream and Billy Gibbons:
https://lnkd.in/gGxXAk_9

https://lnkd.in/gPMWVmbc

Hello! Hope you all enjoy this new series. A very special thanks to Mr. Greg Koch for jamming on this one!

08/26/2021

You may have heard of proposed capital gains tax rate increases in the news recently and may be wondering how capital gains are determined, categorized and taxed in the first place. In this article we dive into what capital gains are, and more specifically how the capital gains tax works for both stocks and mutual funds. Thoughtful tax planning and sound investment management are the keys to minimizing the affects that the capital gains tax will have on you.

https://lnkd.in/dQb95-H4

Although the importance of saving for retirement is apparent to most Americans, oftentimes they don’t know how much they...
08/18/2021

Although the importance of saving for retirement is apparent to most Americans, oftentimes they don’t know how much they need to save. There are many different factors that determine how much each person needs depending on their unique situation, and it can be hard to decipher which factors pertain to you. To help, here are the most important factors to consider when determining how much you need for retirement. After determining how much you personally need, sound investment management, smart asset allocation and thoughtful tax planning are critical components to saving for retirement.

https://www.lockeadvisoryservices.com/How-Much-Do-I-Need-to-Save.c1029.htm

Many realize it’s important to save for retirement, but knowing exactly how much to save is another issue altogether.

GameStop Rise & Fall: Extreme volatility with little fundamental change in its underlying business.
02/07/2021

GameStop Rise & Fall: Extreme volatility with little fundamental change in its underlying business.

Here's what you need to know about recent market volatility triggered by

01/05/2021

Hey folks - With 21 million confirmed cases of COVID in the US, we have a huge number of people who have recovered from COVID walking around with convalescent plasma that could be vital to people fighting for their lives against COVID. If you have had COVID or know anyone who has had COVID, please donate plasma. My friend, former colleague and client, Fred Avila, has been fighting for his life for the last few days. Doctors struggled to find convalescent plasma. Fred is at Hoag hospital in Newport Beach, CA. If you are in Newport Beach and fit the bill, please donate. Where ever you are and if you have recovered from COVID, you could give someone the gift of life. Please help today.

12/08/2020

Breaking News: Cyber security firm, FireEye (ticker FEYE), today announced that it had been hacked, possibly by a government, leading to the theft of an arsenal of internal hacking tools typically reserved to privately test cyber defenses of their own clients. The hack of FireEye, a firm with business contracts across the national security space in the US and globally, is among the most significant breaches in recent memory. FireEye was down nearly 7% in after market trading.

This reminds us once again of the importance to be vigilant about our own cyber security. Beware!

For those looking to put kids through college in the next few years, it's great to see the inflationary cost of college ...
11/12/2020

For those looking to put kids through college in the next few years, it's great to see the inflationary cost of college cooling down a bit.

Find out how much college costs increased for the 2020-2021 school year.

Top Mistakes Millionaire Investors Regret MakingThe deVere Group, a Zurich-based financial advisory firm, queried millio...
11/01/2020

Top Mistakes Millionaire Investors Regret Making

The deVere Group, a Zurich-based financial advisory firm, queried millionaires on the biggest investing errors they made before they became clients. The survey included 752 investors with investable assets of more than $1 million in the United Kingdom, Europe, Asia, Africa, the Middle East, Australasia, Latin America and North America.

More than a third (35%) of investors cited not having sought advice, 38% said they leaned too heavily on historical returns and 21% cited a lack of diversification. The survey said a collection of other mistakes and ‘do not knows’ made up the remaining 6%.

CEO and Founder Nigel Green said "It is encouraging that seeking advice is deemed fundamental to success by millionaires, as it shows that DIY investing and not having a regularly reviewed plan is, typically, a path full of costly pitfalls".

https://www.fa-mag.com/news/the-top-mistakes-millionaire-investors-regret-making-58592.html?section=43&utm_source=FA+Subscribers&utm_campaign=790a7b1788-FAN_Top_Stories_OS33_Envestnet_103120&utm_medium=email&utm_term=0_6bebc79291-790a7b1788-235986161

A survey found that wealthy investors lament relying on guidance from historical returns.

Hope you enjoy this quarter's market review! There will be plenty of political noise from both sides between now and the...
10/14/2020

Hope you enjoy this quarter's market review! There will be plenty of political noise from both sides between now and the elections which will probably cause the markets to be volatile. The market has historically performed well during both Republican and Democrat presidencies. Try not to get caught up in short-term volatility and be sure to have an investment strategy based on short & long-term time horizons suitable for your life goals, career and retirement plans.
https://www.broadridgeadvisor.com/kt/HtmlNL.aspx?pvw=4DC968EC90318398AD38AA8212A5198EBEF51E6CB0119DC20D932C2CB414EDB052D7F47C6BB113018FC2BB06F538855FAF18CAC32F08C1FE9C808607048E43CFE0C82128A608CF25482DB6A806BDAEEA538A4F41467343B03F839494608CFC33CC63A44DA8545100A0D97A8FF82950F5F0C9D25ED7C62C714EB40B4B44B44B2A193CD4F3361E74922E4B10220213D6D2&platform=li

See what the markets did in Q3 2020 in our latest market video.

While the economy continues to heal, the stock market is riding to all time highs. Caution ahead. Enjoy the August Marke...
09/01/2020

While the economy continues to heal, the stock market is riding to all time highs. Caution ahead. Enjoy the August Market Month!

Stock market indexes reach record highs in August on hopes of a virus vaccine.

08/18/2020

Women attained more educational degrees than men at every level during the 2019-2020 academic year.

Scammers are more clever and enticing than ever. It's important to be vigilant anytime but now more than ever. Be alert,...
08/14/2020

Scammers are more clever and enticing than ever. It's important to be vigilant anytime but now more than ever. Be alert, don't be fooled!

Protect yourself from scammers at tax time by following these IRS tips.

05/14/2020

The use of electronic currency has been rising rapidly over the last few years (Venmo, PayPal, Zelle, etc.). COVID-19 could be the final death knell of physical currency. Does anyone really want to exchange bills, coins and checks anymore in the COVID-19 era and aftermath? Could governments around the world save billions by downsizing currency printing and stamping?

04/29/2020
04/29/2020
04/29/2020
04/01/2020

The CARES Act provides substantial resources for individuals and small businesses. Here are a few small business resources to check out:

US Chamber Small Business Guide
https://lnkd.in/eHSzGxW

Paycheck Protection Program Loan Application
https://lnkd.in/ewARR7a

US Department of Treasury Coronavirus Assistance
https://lnkd.in/g7VatME

03/22/2020

An Emergency Fund is a great asset to have during these unprecedented times. If you don't have one as part of your financial planning, consider building one as soon as we recover from this crisis. It's not a matter of if you'll need it, its a matter of when, how much and the right type of asset.

03/19/2020

For the many fortunate folks out there who will continue to work through this crisis or who are fine financially, please spend any money received from the government at a local small business! Our local business community and employees need our help now so they will be there with us when all this passes in the next few weeks/months.

03/17/2020

The Coronavirus pandemic continues to cause historic uncertainty in nearly every aspect of our lives. Today, the American Red Cross announced a blood shortage as the Coronavirus crisis has led to massive blood donation cancellations. Please consider going online or calling the American Red Cross to make arrangements as soon as you feel comfortable venturing out. In the meantime, please stay healthy!

03/12/2020

During market downturns, many believe that "everyone" is "selling". In fact, for every transaction, many forget there is a buyer AND a seller, otherwise, a transaction would not occur. So even during these "sell-offs", there are an even number of buyers and sellers. So what is actually happening? When one investor sells when the market is down 25% and another investor buys when the market is down 25%, its the difference between selling low and buying low. This may sound simple and obvious, but many seem to think there are only "sellers" during a "sell-off". History shows and may likely continue to show, that those who are buying or holding during market downturns instead of selling, may very well be the winners over the long term. It's a good idea to stick to a sound, long-term investment strategy during market downturns. Let's hope calm and rationality prevail.

02/25/2020

So far, our clients are receiving refunds in about 7-10 days for federal and 2-3 weeks for Virginia.

02/21/2020

Due Date Approaches for 2019 Federal Income Tax Returns

Tax filing season is here again. If you haven't done so already, you'll want to start pulling things together — that includes getting your hands on a copy of your 2018 tax return and gathering W-2s, 1099s, and deduction records. You'll need these records whether you're preparing your own return or paying someone else to prepare your tax return for you.

Don't procrastinate

The filing deadline for individuals is generally Wednesday, April 15, 2020.

02/10/2020

When I started Locke Advisory Services 3 years ago, I identified 2 critical areas that I believed would be vital for my firm’s growth and success. First, a relentless focus on my clients to serve their best interests and do whatever it takes for them to be delighted with my services. I view my client experience as an investment not only in our future relationship, but also in future clients that I hope will eventually be referred. Second, a relentless focus on technical proficiency in my space as a CPA/PFS and CFP®. The volume of information in investment management, financial planning, tax planning and tax preparation is wide, deep, complex and ever changing. Choosing an area of focus and maintaining technical proficiency is imperative for delivery of the highest possible level of client service.

I am pleased with business progress so far and excited about the future. From 2018 to 2019, my business nearly doubled and from Q1 2019 to Q1 2020, business has more than doubled. I am proud to say I haven’t lost a single client in 3 years and continue to grow my umbrella of services for existing clients and welcome new clients. I can’t express enough gratitude and appreciation for each and every one of my clients. Without them, I have no business and I remind myself of that every day.

Art Locke, CPA/PFS, CFP®
President & CEO

With the start of a new year, its a great time to think about your financial planning and retirement goals. Enjoy and pl...
01/22/2020

With the start of a new year, its a great time to think about your financial planning and retirement goals. Enjoy and please don't hesitate to reach out if I can help!

https://www.broadridgeadvisor.com/webresourcesview/ContentView.aspx?iplf=ai&iptc=296346&wcKey=8B9F9E24A278108B94C2CA98EFA514C2C03992622E1170854EC9D5AE22D9B23ACEDF6592A3188564EAA21D6982197CA4&platform=li

What if you're saving as much as you can, but still feel that your retirement savings goal is out of reach? As with many of life's toughest challenges, it may help to focus less on the big picture and more on the details.

Address

19879 Mellon Circle
Ashburn, VA
20147

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+15712715125

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Locke Advisory Services LLC

Independent Wealth Management, Personal Financial Planning & Tax Locke Advisory Services provides independent wealth management, personal financial planning and tax services. As an independent advisor, the firm is dedicated to helping individuals and families make sound financial decisions, plan for their future and implement appropriate investment strategies. We serve our clients by providing thoughtful and diligent management of wealth, financial planning, individual tax and business services. Our first priority is to listen and learn about your dreams and goals, and where you want your life’s journey to go. Our ultimate goal is to help you succeed. The core value of our Firm is our commitment to work in the best interests of the clients we serve. Trust, Independence, Integrity, Competence, Experience. We are dedicated to building trusted, objective and long-term relationships with our clients. We do this by providing independent, personalized, knowledgeable, and comprehensive advice with the highest degree of integrity and customer service. As an independent, fee-only advisor, the Firm does not receive commissions, bonuses or fees related to the purchase or sale of securities, insurance or other products recommended to and purchased by our clients. If you, your family, friends, clients or colleagues are looking for investment management, personal financial planning or individual tax, please contact us at [email protected] and visit www.lockeadvisoryservices.com for additional information. Be sure to follow us for interesting articles, information, commentary and updates.


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Comments

Can't thank my clients enough for making 2021 one of our best years so far with a 41% increase in clients and 44% increase in assets under management! Look forward to working together in 2022 as we manage through the challenges of omicron, inflation, interest rates and market reactions in the coming year! Happy New Year!
Had the opportunity to do an episode on Off the Dome Radio with hosts Tim Ahlersmeyer and Colin Slager. Great guys who do episodes on all kinds of businesses with many different entrepreneurs, in fact, 175 episodes in total! Hope you enjoy the show and while you’re there, be sure to check out some of their other episodes! Shout out to Brandon Locke who connected me with his friend, fellow golfer and fellow Butler U. alum, Tim Ahlersmeyer in Indy.

https://offthedomeradio.fireside.fm/art-locke

Show Description:

In this interview, Art describes the process of leaving corporate life to start his own business. He also provides meaningful financial advice for professionals of all ages. To learn more about Art, you can visit his website at lockeadvisoryservices.com

Show Highlights:

4:45-12:45: Art goes into his background, his motivation to leave the corporate world, and the process of getting his business formed.
12:45-19:25: Art highlights the key lessons learned from serving as an executive for five public companies, what it's like running a business as a sole proprietor, and the types of clients he serves.
19:25-26:45: Art provides financial advice for young professionals fresh out of college.
26:45-38:00: We ask Art's opinion on cryptocurrency and the future outlook of the U.S. dollar.
38:00-47:15: Art talks about the impact of the internet on financial education and what he does to keep himself knowledgeable about current financial trends.
47:15-56:45: Art discusses money's impact on relationships and how to pick a quality financial advisor.
56:45-1:04:45: Art reflects on life lessons from golf, and he shares his thoughts on how he wants to be remembered.
I love to discover people with special talents at whatever they love to do. Hope you find your "special" in 2022! Happy New Year!

Here's to Chelsea Constable, a new talent discovery. Classic covers of Cream and Billy Gibbons:
https://lnkd.in/gGxXAk_9

https://lnkd.in/gPMWVmbc
You may have heard of proposed capital gains tax rate increases in the news recently and may be wondering how capital gains are determined, categorized and taxed in the first place. In this article we dive into what capital gains are, and more specifically how the capital gains tax works for both stocks and mutual funds. Thoughtful tax planning and sound investment management are the keys to minimizing the affects that the capital gains tax will have on you.

https://lnkd.in/dQb95-H4
Although the importance of saving for retirement is apparent to most Americans, oftentimes they don’t know how much they need to save. There are many different factors that determine how much each person needs depending on their unique situation, and it can be hard to decipher which factors pertain to you. To help, here are the most important factors to consider when determining how much you need for retirement. After determining how much you personally need, sound investment management, smart asset allocation and thoughtful tax planning are critical components to saving for retirement.

https://www.lockeadvisoryservices.com/How-Much-Do-I-Need-to-Save.c1029.htm
GameStop Rise & Fall: Extreme volatility with little fundamental change in its underlying business.
Hey folks - With 21 million confirmed cases of COVID in the US, we have a huge number of people who have recovered from COVID walking around with convalescent plasma that could be vital to people fighting for their lives against COVID. If you have had COVID or know anyone who has had COVID, please donate plasma. My friend, former colleague and client, Fred Avila, has been fighting for his life for the last few days. Doctors struggled to find convalescent plasma. Fred is at Hoag hospital in Newport Beach, CA. If you are in Newport Beach and fit the bill, please donate. Where ever you are and if you have recovered from COVID, you could give someone the gift of life. Please help today.
Breaking News: Cyber security firm, FireEye (ticker FEYE), today announced that it had been hacked, possibly by a government, leading to the theft of an arsenal of internal hacking tools typically reserved to privately test cyber defenses of their own clients. The hack of FireEye, a firm with business contracts across the national security space in the US and globally, is among the most significant breaches in recent memory. FireEye was down nearly 7% in after market trading.

This reminds us once again of the importance to be vigilant about our own cyber security. Beware!
According to a report by S3 Partners, short sellers of Tesla have lost more money this year than the US airline industry. $35 billion vs. $24.2 billion. No wonder Elon is smiling.

https://edition.cnn.com/2020/12/04/investing/tesla-short-sellers-elon-musk/index.html