TPW News & Media

Our recent expansion has led to a Sacramento Business Journal feature of our firm!

We evaluated seven different new physical office locations, but decided to stay in the BMO Tower at 500 Capitol Mall.

We relocated from our original 2,900 square-foot space on the 10^th floor to a larger and more technologically-advanced 5,200-square-foot office in the BMO Tower at 500 Capitol Mall for a three major reasons:

• Enhanced Collaboration: We expect our larger office headquarters to foster better teamwork and communication among all TPW team members, leading to increased productivity.
• Attractive Work Environment: Our new and well-designed office has already boosted TPW team member morale, and we expect it to also help us to attract and retain top talent.
• Improved Client Experience: Our more modern and spacious office has created an even more professional environment, enhancing our technological capabilities and the overall TPW client experience during visits and meetings.

Our founder and President, Joseph Eschleman, CIMA^®, is also excited by the prospect of enhancing Towerpoint Wealth’s brand image, as he expects TPW’s move to this more prominent and strategically located office will strengthen the firm’s brand image and market presence.

The new office offers breathtaking views of the Capitol building and includes a range of client amenities, including a drink menu featuring full-service espresso coffee drinks, bottled water, craft beer, wine, and champagne. With approximately 70% of Towerpoint’s clients visiting for comprehensive financial review meetings in person, the firm’s physical environment plays a critical role in setting a professional yet comfortable and welcoming tone.

The new space features a large conference room, a first for the firm, as well as a more relaxed “anti-conference room” furnished with a comfortable new leather couch and cozy easy chairs to help clients feel warm and at ease. The move also allows for greater scalability, as our bigger office headquarters was designed to accommodate our future strategic growth, allowing TPW to expand our team without the need for frequent relocations.

Established in 2017, Towerpoint Wealth operates as a fully-independent wealth management firm. Acting in compliance with the fiduciary standard, we have a legal obligation to work and act solely in our clients’ best interests, 100% of the time. This significantly differs from the more rudimentary suitability standard that any advisor who is an employee for any major Wall Street firm is held to.

Towerpoint Wealth offers comprehensive wealth management services, including financial planning, retirement planning, tax planning and minimization, real estate analysis, estate planning, and employee benefits analysis.

Eschleman highlighted the firm’s dedication to building lifetime partnerships with each TPW client, focusing on having frank and candid dialogue, and continually working to educate and coach them on how to act, think, and behave like true longer-term investors. This commitment to client communication and education was evident when the Dow Jones Industrial Average plunged 1,000 points in a single day just last week, and not a single client called or emailed with concerns.

With over 300 client relationships and close to $500 million in client assets under management, Towerpoint Wealth continues to strategically help our clients grow and protect their wealth. Most of our clients are based within 75 miles of Sacramento, though we also serve clients in 17 other states. Eschleman, who began his career in 1999 with Prudential Securities and later worked for Wells Fargo Advisors, founded Towerpoint Wealth with a mission to help clients remove the hassle of properly coordinating all of their financial affairs so they can live a happy life and enjoy retirement.

Click here to read the full article by Mark Anderson of the Sacramento Business Journal!

Real estate ROI, or return on investment, measures the profit earned on a real estate investment after all costs of the investment are deducted.

Your real estate ROI is a critical metric that every real estate investor should know and compute regularly, yet many fail to do a real estate ROI calculation – using our Rental Property Analysis Calculator – when determining whether to purchase, or continue to hold – an investment property.

Welcome to Towerpoint Wealth, a trusted boutique wealth management firm in Sacramento, California. Join our President, Joseph Eschleman, as he unravels the current state of the Sacramento housing market. With a scarcity of available homes, the market is grappling with challenges stemming from inflation and higher interest rates, making it harder for borrowers to obtain loans. This situation has led many homeowners with low mortgage interest rates to hesitate when it comes to selling and moving. Interestingly, the limited housing supply has resulted in increased demand, which has in turn supported home prices, despite the overall increase in the cost of borrowing.

Click below to watch Joseph’s discussion with ABC10 News Anchor Lora Painter, where they explore the implications for renters and investors in the current market climate. Renters may have experienced landlords taking advantage of the situation by increasing rents. On the other hand, investors find the market dynamics attractive, as rising rents lead to increased cash flow, real estate ROI, and higher overall returns on investment. Additionally, homeowners considering retirement or downsizing may find it advantageous to retain their homes and convert them into investment properties. With the attractive mortgage rates secured in the past, homeowners can benefit from ongoing rent increases while enjoying the benefits of the previously obtained low-cost borrowing.

By analyzing the numbers, doing a real estate ROI calculation, and considering factors such as rent versus upkeep costs and potential home price appreciation, individuals can make informed decisions regarding their properties. Despite the challenges, the Sacramento housing market presents opportunities for homeowners, renters, and investors. Don’t miss this enlightening discussion, meant to illuminate the recent developments in the greater Sacramento real estate market and their impact on individuals like you.

Meet with us in person or virtually, as Sacramento financial advisor Joseph Eschleman, as well as certified financial planner Steve Pitchford, CPA, CFP®, and our entire Towerpoint Wealth team understand the financial concerns of those living in the greater Sacramento region.

We serve clients primarily in the Northern California region. Glad you’re here! Please contact us with any questions you have about our wealth management process.

Did you see Joseph Eschleman, CIMA® on ABC10 last night??!! 📺

Lora Painter interviewed our President about “The Truth about Crypto” and how it can be considered as a potentially complementary part of a #properlydiversified investment portfolio. 👍

Thanks for having us back ABC10 – we love informing viewers about money and spreading the “financial gospel.”

Towerpoint Wealth’s President, Joseph Eschleman, was the go-to financial expert on ABC10 News’ March 20 feature story.

A guest on ABC10’s Dollars and Sense segment, Joseph explained the four different taxes people need to be aware of when they inherit money through an estate, revocable trust, or will: estate taxes, gift taxes, inheritance taxes, and income taxes.

“Nine times out of 10, when you inherit money – be it from a friend, be it from a family member, doesn’t matter— the act of…inheriting it is not taxable to the beneficiary,” said Eschleman. 

There’s more, of course, to the story. Click on the video below to watch Joseph in the ABC10 video, or reach out to us here at Towerpoint Wealth to discuss any questions you have related to your estate planning, estate taxes, or income taxes. 

Meet with us in person or virtually, as Sacramento financial advisor Joseph Eschleman, as well as certified financial planner Steve Pitchford, CPA, CFP^®, and our entire Towerpoint Wealth team understand the financial concerns of those living in the greater Sacramento region.

Kathleen Doler, senior writer for Investor’s Business Daily (IBD), recently published a front-page story in IBD about investing in 2022, how it humbled many investors and financial advisors, and what they did to protect their portfolios and their mental health this year.

Doler leaned on our Joseph Eschleman, for a number of insights about how Towerpoint Wealth helped clients avoid being overreactive this year, and also about the importance of systematic rebalancing.

Meet with us in person or virtually, as Sacramento financial advisor Joseph Eschleman, as well as certified financial planner Steve Pitchford, CPA, CFP®, and our entire Towerpoint Wealth team understand the financial concerns of those living in the greater Sacramento region.

Connecting with ABC10 evening anchor Lora Painter for a productive interview ahead of the 2022 midterm elections, Joseph weighed in last night with some key points and considerations, specifically touching upon exactly how much impact elections can have on your finances. Joe and Lora’s  discussion points included:

• How major elections can be very emotional for voters, and how emotions can drive people to make poor investment decisions.
• Why it is probably a mistake to let the result of the 2022 midterm elections dictate your longer-term investment decisions.
• Why it is normal to be emotional – as human beings, we’re wired this way!
• History suggests that the overall stock market does not have a preferred political party, and has tended to do well over time regardless of the party in power.
• It is essential to have a well-thought-out financial, investment, and retirement plan, and to be disciplined in following it, independent of whether the Democrats or the Republicans take control of the House and the Senate.

Our President, Joseph Eschleman, was featured last night in evening anchor Lora Painter’s story on ABC10’s 11 p.m. news!

Joe discussed with Lora the *big* announcement made yesterday by the Social Security Administration, highlighting the +8.7% cost of living (COLA) increase set to occur in January of 2023, specifically:

✅ Why this is exceptionally good news for older Americans and Social Security beneficiaries!

✅ What does this huge 8.7% COLA increase mean?

✅ What should be done with this extra cash flow?

✅ A few unexpected underlying risks and tax consequences to this income boost.

To learn more about Social Security increase benefits, please click here: Why Social Security’s big boost to increase benefits has some downsides | abc10.com

• Thinking about, or already eligible for, Social Security benefits? Not sure how, or when, to take them? What about the correct time to elect your spousal benefit?
• There certainly is no “one-size-fits-all” strategy when considering how to optimize your Social Security election plan.
• We’ve helped many clients intelligently navigate through this complicated decision-tree – message us with your questions, or to begin a dialogue about your circumstances – we welcome beginning to get to know you.

Holding and intelligently divesting cash during a market rough patch has both pros and cons — evaluating these risk/return tradeoffs are even more challenging with rampant inflation just another issue to consider. With confidence low and inflation high, Joseph Eschleman, the President of Towerpoint Wealth shares his perspective on where to stash your cash in this Investors Business Daily article by Kathleen Doler.

Our President, Joseph Eschleman dove into a number of specific opportunities and valuable money-saving tips to navigate today’s inflationary environment with Sacramento Bee reporter Hanh Truong, in her recent article: “Should You Keep Cash On Hand as Inflation Rises? California Adviser Gives Money-Saving Tips.”

As inflation continues to be a challenge for virtually all in the Sacramento area, many residents harbor significant concerns that today’s prices on the rise will persist for some time.

Click the button below to read Truong’s article, as Eschleman contributes specific strategies for possible relief and protection from this rampant inflation.

The flagship newspaper of the McClatchy Company, The Sacramento Bee is a daily paper published in Sacramento, California, and is the 5^th largest newspaper in the state.

In an unsettled world where stock prices are declining and uncertainty is rising, many fear an economy in recession here in the United States.

While recession is by no means a forgone conclusion, are there strategies to help you recession-proof your portfolio?

Our President, Joseph Eschleman, was recently featured in an Investor’s Business Daily article penned by Kathleen Doler, Recession Rules: Do’s And Don’ts.

In Doler’s article, Eschleman opined on a myriad of specific strategies and ideas to consider in order to be better prepared for an economy in recession –

Investor’s Business Daily is an American newspaper and website covering the stock market, international business, finance, and economics.