Kristin Tonozzi, CPA
Kristin Tonozzi began working with Cyr Financial as a Senior Tax Accountant.
Ava Grace Shipley
Ava Grace Shipley daughter of Joseph & Jessica Shipley of Kewanee was born on 6/26/19 at 11:55 am. She weighed 6 lb 5 oz. 19 inches long.
Today, Cyr Financial announces its 20th anniversary in business. With humble beginnings, Chris and Jamie Cyr started Cyr Financial out of their home office in 1999. The businesses’ first advertisement was placed in the Putnam County Record newspaper, offering tax preparation services to the public. Jamie recalls the first year requiring a lot more paper, as e-filing tax returns was not yet a reality. She also noted the original office was “much quieter than it is today”.
By the time their first year was over, the company’s tax return showed a modest profit of $94. In fact that original tax return is proudly displayed in the welcome area of Cyr Financial’s Hennepin office. Today Cyr Financial employs seven team members and serves clients in 8 states. While investment management and retirement planning has become the focal point of their firm, they still prepare hundreds of tax returns each year for their clients… As Chris says, “Although we are a wealth management firm, we will always have that CPA blood in its DNA.”
Ian Nichols – Investment Advisor
Cyr Financial adds Ian Nichols as the newest investment advisor representative. He is an investment advisor and carries his life insurance producer license with the state of Illinois. He has passed the Series 65 Investment Advisor Law Exam and is a graduate of Illinois Valley Community College.
Cyr Financial announces it’s newly remodeled and expanded offices are finally completed. The expansion, which began in April took nearly seven months to complete. A time-lapse video of the transformation can be found on the company’s website.
Tyler Masching – Tax Associate
Cyr Financial hires new tax associate, Tyler Masching. “Tyler joined the Cyr Financial team early 2018. He graduated from Illinois State University in 2017 as a double major in Finance and Accounting. During his time at ISU he was a part of the Accounting Society and worked as a student accounting clerk. Tyler is currently studying for his CPA.”
Global Investment Performance Standards
Cyr Financial Wealth Advisors (Cyr Financial) is announcing the adoption of the Global Investment Performance Standards (GIPS). The firm’s adherence to the standards has been independently verified for the period of Oct. 1, 2015, through Dec. 31, 2017. GIPS is a set of standardized, ethical principles that guide investment firms on how to calculate and present their investment results to prospective clients. Although the adoption of GIPS is not mandated by regulation, it is considered best practice for investment advisors. “At Cyr Financial, we believe stories only drive sales, but performance is what actually drives success,” Christian Cyr, the firm’s chief investment officer, said. “Becoming GIPS compliant was the only way for our firm to prove the performance of our strategies.
GIPS Compliance is the gold standard in performance reporting, and we are happy to be among the minority of firms in the industry that are dedicated to reporting performance to our prospective clients in a clear and transparent manner,” Cyr said. Cyr Financial is a registered investment advisor. The firm’s GIPS compliant presentation and list of composite descriptions can be requested by emailing firstname.lastname@example.org.
Client State of the Union
Cyr Financial issues State of The Union to clients
Strategic Investor Radio
Cyr Financial announces it’s President and Chief Investment Officer, Christian Cyr, CPA will appear on Strategic Investor Radio with Charlie Wright. Christian discusses his approach to Investing and his philosophies in managing money for clients. A rebroadcast of the appearance can be found here.
The National Association of Active Investment Managers
The National Association of Active Investment Managers (NAAIM) of Littleton, Colo., named the DynamaxTM as a finalist in the 2017 “Shark Tank Investment Strategy Competition.” The DynaMaxTM is a series of investment strategies developed by Cyr Financial Wealth Advisors of Hennepin. The annual Shark Tank event, sponsored by NAAIM, accepts applications from asset managers across the U.S. The final leg of the competition took place in San Diego on May 3, with the firm’s founder and president, Christian Cyr presenting the DynaMaxTM strategy to a national audience. Cyr and seven other finalists from Florida, Georgia, Michigan, Maryland, Washington, Ohio and California were each given six minutes to present their strategies. While speaking about the strategies, Cyr said, “The DynaMax is a quantitative, relative strength momentum strategy which reflects our ongoing desire to provide investors a superior alternative to traditional buy and hold strategies.” Cyr developed the DynaMax with his colleague, Joseph Shipley, and trademarked the strategy in 2015. Cyr Financial Wealth Advisors is a registered investment advisor offering fee-only retirement and portfolio management services to its clients. Click here to view the article.
Cyr Financial announces that after a seven-month application process, the United States Patent and Trademark Office approves “DynaMax” as a trademarked investment strategy.
Independent Registered Investment Advisor
Cyr Financial Inc. of Hennepin, Illinois announced today it has become a completely independent Registered Investment Advisor. The firm will no longer offer its fee-based services through a broker dealer of any kind. Christian J. Cyr, President and Chief Investment Officer stated “Given the many changes that have occurred within the financial services industry, we feel that the independent model is the best platform for us to deliver unbiased, thoughtful investment advice. We are proud of this achievement. Nearly all investment professionals are still running their fee-based business through a broker-dealer.” In addition to the independence, Cyr also noted the change was done with cost in mind as his average advisory client will experience a savings of over $800 per year in transaction costs and fees with the new structure.