Archive for the ‘news’ Category

Mendence Promoted to Senior Account Service Coordinator

Wednesday, February 24th, 2010

Maryville, Tenn. Mary Beth West Consulting, LLC, a public relations and reputation management consulting firm in Maryville, Tenn., announced today the promotion of Mallorie Evans Mendence to senior account service coordinator. 

Mendence – a Blount County native and graduate of Maryville High School – joined Mary Beth West in December 2007, following her graduation with honors from Berry College in Rome, Ga., with a degree in public relations, as well as completion of a summer internship with Mary Beth West and other practicum experience. 

In her position with the firm, Mendence works with the account team to coordinate campaigns for agency clients, such as Blount Education Initiative and Dominion Virginia Power.  Mendence has previously served on the board of the Community Food Connection of Blount County and currently serves on the board of the Maryville City Schools Foundation.  She is an associate member of the Public Relations Society of America / Volunteer Chapter.

“Mallorie brings qualities to her work that every young professional in public relations should aspire to, including a focus on ethics and understanding how to manage the process of real relationship-building,” West said.  “She has made many valuable contributions to our team.” 

Mendence received several recognitions while at Berry College, graduating cum laude and making the academic Dean’s list for four semesters. Other honors included being named to the Who’s Who Among Students in American Universities and Colleges and being selected to Omicron Delta Kappa, a national leadership honor society.

Mendence lives in Maryville with her husband, Eddie, who teaches English at Maryville High School. 

Established in 2003 and located in the Law Building in downtown Maryville, Mary Beth West Consulting works with clients to advance their communications, relationships and reputations to meet business objectives.  The firm’s services include integrated brand marketing communications strategies and campaigns; media, community and employee relations programs; social and interactive media strategies and program management; crisis preparedness; and special events.

The Virtue of “Listening Points”

Friday, February 19th, 2010

By Mary Beth West, APR

Several members of our team attended the February PRSA Volunteer Chapter meeting, where Gary McCormick, APR, Fellow PRSA – this year’s national PRSA chair / CEO and Knoxville-based Scripps communications exec – shared insights on the 2010 outlook shaping the public relations profession.

Among his recommendations on navigating social media relationship management, Gary urged the audience to consider developing “listening points,” not just talking points, in order to manage dialogue with diverse audiences who undoubtedly are calling the shots like never before.

To us, the idea of listening points draws upon an oldie but a goodie – the issues management playbook – whereby the PR team identifies and constantly monitors outside issues impacting, or potentially impacting, an organization’s world and that of its stakeholders. 

The process involves taking those issues and helping an organization stay one or more steps ahead, not just via messages, but via policies, procedures and behaviors that stakeholder groups view as the only legitimate evidence of where an organization really stands. 

Hence, the role of listening . . . after all, you can’t effectively advocate for an organization’s position if you’re deaf to the voices and points of view around you.  In equal measure, you can’t help guide an organization’s decision-making toward the best business decisions if management can’t (or won’t) hear, comprehend and hold some level of empathy for how stakeholder groups absorb the impact of those decisions.

Great case in point: the apparent lack of effective listening going on in much of the financial sector regarding executive compensation. 

Chapter President Susanne Dupes, APR, closed the meeting by announcing a $1,000 gift given to the UT College of Communication & Information’s public relations program in Gary’s honor, a gift in which our firm was proud to take part.  A terrific leader like Gary, who is keeping our profession’s best practices front-and-center, couldn’t be more deserving.

East Tennessee Firms Launch Interactive Springboard

Monday, February 15th, 2010

Interactive Agency and PR Firm Start Joint Venture

Knoxville and Maryville, Tenn. Blue Media Boutique, a web development and interactive agency, and Mary Beth West Consulting, a public relations and reputation management consulting firm, announced today the launch of Interactive Springboard, a joint venture that provides an integrated, research-based approach to social media that supports client marketing communications.

The firms, led by Tori Rose of Blue Media Boutique and Mary Beth West, have partnered successfully on several diverse client projects since 2008 involving web strategy and social media and are now formalizing their collaboration under the Interactive Springboard name.

“Our work model is unique to this market in both its collaborative approach between two highly specialized firms and its focus on utilizing market research,” West said.  “Many current social media programs suffer two missing links: the effective use of audience research and a content-development process that drives dynamic relationship-building.  Our team is prepared to meet those client needs for better online engagement.”

According to West and Rose, the best web development and social media strategies demand client-specific audience research as the foundation.  Without that research, companies risk taking a “shotgun” approach and failing to realize the benefits of social and online community-building to their true potential. 

In some cases, companies get in over their heads and launch social media applications that they are unable to support with consistent and relevant content for their online audiences, resulting in a loss of credibility with customers and the public alike, Rose said.

“Great social media execution is the ultimate moving target today,” Rose said.  “With the constant changes taking place in social media technology development and use by consumers and businesses worldwide, it’s critical for clients to know their own customer base first-hand and how their media-use behaviors are trending.” 

Both firms comprising Interactive Springboard offer diverse team backgrounds and have their own histories of extensive work partnering with other third-party agencies and teams, both in the Knoxville market and beyond.

Blue Media Boutique’s design, programming and animation professionals are based across the continent and include a collective 50-plus years of interactive and web development experience.   

Rose’s background is extensive and diverse, spanning several marketing disciplines over a period of 16 years at companies in the United States and Canada. Most recently, as vice president, creative director of RIVR Media Interactive (RMI), Rose was responsible for RMI’s creative vision, design, and interactive projects for a wide variety of clients, including PricewaterhouseCoopers, John F. Kennedy School of Government, Shell, Gibbes Museum of Art, and Duke University. In addition to launching RMI’s first property, Needled.com, Rose developed three award-winning pieces for the Duke University Talent Identification Program (TIP) and won a PRSA and IABC award for two Morrison Management Specialists projects.

Prior to RIVR, Rose served as creative director of Edison Schools in New York, Chris Whittle’s entrepreneurial initiative to change public education in America. Rose was a key player in the design and development of Edison’s distance learning initiative—using live video, animation and Internet resources to deliver a K-12 curriculum program and professional development training to the classroom. She holds a master’s degree in media from The New School University and a bachelor of arts degree from Wake Forest University.

The team at Mary Beth West Consulting includes a collective 75-plus years of marketing communications and public relations experience working in-house with such companies as General Motors, Boeing, Lockheed Martin, Blue Cross/Blue Shield Association, Eastman Kodak, Corrections Corporation of America and Champion Products.

Accredited in public relations, Mary Beth West’s own 16-year career has included award-winning work producing national media relations campaigns, employee communications programs and crisis preparedness systems in the energy, financial services and corporate sectors.

West has served two appointments on the national board of the Public Relations Society of America (PRSA), the world’s largest organization of public relations professionals, and is a past president of the Knoxville-based PRSA Volunteer Chapter.  She serves on the UT College of Communication and Information Board of Visitors.

Interactive Springboard can be found on Facebook and Twitter.

About Blue Media Boutique
Based in Knoxville, Tenn., Blue Media Boutique provides creative, technology and marketing services, including design, development, animation, video, illustration, branding, print, e-commerce, database, CMS, search optimization, copywriting, promotions, events and campaigns.

About Mary Beth West Consulting, LLC
Based in Maryville, Tenn., Mary Beth West Consulting advances clients’ communications, relationships and reputations to meet business and organizational objectives.  The firm’s services include research strategy, integrated marketing communications campaigns; media, community and employee relations programs; interactive media strategy and program management; crisis preparedness; and special events.

LeConte Wealth Management Provides Insights on Roth IRA Conversions

Sunday, February 14th, 2010

Consumers Should be Wary of Advice That Simply Benefits Adviser’s
Sales Agenda

Alcoa, Tenn.— Just as the film “The Wizard of Oz” can thrill a child, perhaps nothing instills a greater sense of innocence, fear and deliverance for adults than the IRS.
 
“After all, what could motivate a taxpayer more than the thought of peeking behind the curtain to discover a new way to minimize taxes,” said Andy Oakes, financial adviser for LeConte Wealth Management. 

For taxpayers in 2010, the “yellow brick road” is the Roth IRA conversion, which takes advantage of two IRS provisions that are limited to this year alone.  However, according to Oakes, consumers need to take precautions.

“Using the ‘Oz’ analogy, the flying monkeys in this story are not IRS agents — instead, they’re the bankers, insurance agents and stock brokers who would counsel a client to convert a Roth IRA simply to close a sale rather than to help the client realize retirement dreams,” Oakes said.

LeConte Wealth Management offers several tips for navigating these tricky IRA waters:

First the Facts:
Two things have changed for 2010. In previous years, if one’s income exceeded $100,000, a Roth IRA conversion was not an option. This limit has been eliminated.  More importantly, the typical Roth IRA conversion generates taxes due in the year the conversion takes place.  For 2010 only, however, the tax due from conversion can be delayed and split between tax years 2011 and 2012. 

“These taxes must still be paid—just at a later date,” said Oakes. 

To Convert or Not to Convert:
It is important for consumers to ask themselves, “When do I want to pay tax on my accumulated retirement money?”  According to Oakes, the correct answer should be, “When my tax bracket is lowest.”

First, take a look at your tax return for 2009 once it has been filed and determine your “marginal tax bracket,” also known as your personal top tax rate.  Then, think about what your income will be in the future, specifically, in retirement.  If your tax rate will go up in the future, it may be worth converting. If you will be in the same or a lower tax bracket, it is likely not worth converting. 

“Consumers should be sure that their choices on converting or not benefit them, not someone else,” Oakes said.

Below are some commonly asked questions and red flags that LeConte Wealth Management encourages consumers to watch out for if approached to convert a Roth IRA:

1. “My adviser says that if I convert, I can leave my IRA to my kids tax-free.” 

That may indeed be the result, but keep in mind that if your heirs will be in a lower tax bracket than you, converting could mean a bigger tax bill.  Paying now does not always mean paying less when it comes to taxes.

2. “My insurance agent recommended converting an old 401(k) to a Roth IRA using an annuity that will give me guaranteed income in retirement.” 

Converting has nothing to do in itself with what types of investments you choose.  Given that 401(k) plans can have very low expenses, and that some variable annuities have recurring annual expenses approaching 4 percent, you should be wary of conversion as justification to alter your investment strategy.  This is a classic bait-and-switch where a good strategy and a bad product do not a happy investor make.

3. “Someone at my bank suggested converting my IRA to a Roth IRA, but I was concerned that I wouldn’t have the money to pay the extra taxes in 2011 and 2012.  They said not to worry and that I could take a loan on my 401(k) or get a home equity loan to make up the difference.” 

Not having a ready source of funds to pay taxes is perhaps the biggest obstacle to conversion.  Three things you should avoid altogether in coming up with the money to pay taxes on conversion are 1) depleting your cash reserve or emergency fund, 2) taking any sort of loan, and / or 3) taking a distribution from the retirement account, which may incur early withdrawal penalties.  If you do not have a liquid source of capital to pay the taxes, converting is probably not right for you.

Bottom Line:
You should be able to answer “yes” to all of the following questions:
1. Is it probable that a conversion will reduce the overall tax I will pay on my retirement savings?
2. Do I have enough money outside my retirement accounts to pay the tax?
3. Does converting make sense given my specific financial goals?

Visit LeConte Wealth Management’s Web site for more financial information and access to free financial tools and calculators. 
ABOUT LECONTE WEALTH MANAGEMENT, LLC:
Established in 2007 and located at 269 Cusick Road, Alcoa, Tenn., 37701, LeConte Wealth Management, LLC helps clients develop a plan to accumulate and preserve their wealth in pursuit of their unique financial goals.  With more than 30 years of cumulative experience, the firm’s team provides asset management, retirement planning, estate planning, risk management and business planning. Securities and Advisory Services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser.

Traditional Home Names Knoxville’s Todd Richesin Among “20 Young Designers to Watch”

Monday, February 8th, 2010

Community Can Vote for Richesin as “Favorite Young Traditional Designer” in Duralee-Sponsored Online Contest and Enter for Chance to Win Custom Room Design

Knoxville, Tenn. – “Southern charm and lots of it” — that’s how the editors at Traditional Home describe Knoxville’s Todd Richesin in the March 2010 issue now on newsstands, which features Richesin as one of the “20 Young Designers to Watch.”

“This is a huge honor in the interior design world,” said Richesin, owner of Knoxville-based Todd Richesin Interiors.

Associated with Traditional Home’s accolade is an online contest for “Favorite Young Traditional Designer,” where voters have the chance to win a custom room design makeover and $5,000 worth of Duralee fabric. 

Richesin is among 20 designers nationwide vying for the prestigious title.

“This contest has been an eye opener for me,” Richesin said. “The support I have gotten has been truly humbling.”  Richesin is currently in the lead but just by a few votes and hopes the generous people of East Tennessee will throw their support behind him.

Todd’s supporters can cast their vote every day between now and March 23. “Of course, voting more often significantly increases your chance to win the contest and the free room design,” Richesin adds. “We can do it and a southern boy can win, but we need to keep the votes coming.”

The winner will be revealed in the October 2010 “Designers on a Design” issue of Traditional Home. 

Also in recent months, Richesin was selected as one of House Beautiful’s “Next Wave of Top 20 Designers” in the December / January 2010 issue.

According to Richesin, along with such national recognition comes the stigma of being inaccessible and too expensive.

“That’s the biggest myth out there about me,” Richesin said. “Whether I’m renovating an entire home or simply rearranging furniture for a client, I’m always available for a consultation and flexible with how much or little to spend on a project.”                                                              

Yet Richesin has made such a good impression on Traditional Home, they are featuring his stunning Key West conch design home in their June 2010 issue. His experience spans a 20-year period, and he has built a sizeable portfolio of upscale client projects throughout East Tennessee and the United States.

“My goal when meeting with a client is to design a space that allows its owners’ personalities to shine,” Richesin said. “That’s why I’m proud to say I don’t have just ‘one look’ because I truly drill down to the heart of a home. Each project is distinct and unique to the owner.”

Frequent client Jennifer Talbott has worked with Richesin for more than 15 years, on everything from an intensive renovation of an older home to improvements on a new vacation home.

“Todd possesses a rare ability to adapt to unexpected issues that almost always arise when working on complicated projects on an older home, without compromising the integrity of the result,” Talbott said.  “My home looks like my home and is not duplicated on any other projects.”

Spreading design knowledge and providing the best service possible is Richesin’s top priority. 

“By learning how my clients live in their homes, I’m able to interpret their design dreams and make them a reality,” he said.

Originally from Sweetwater, Richesin manages a fully appointed studio located in West Knoxville at his French manor house, which for the past ten years has played host to a complete interior design service. It is here where clients will find one of the South’s most exclusive fabric and furniture resource libraries.

“It would be such an honor to bring home the title of ‘Favorite Young Traditional Designer’ to a community that I treasure dearly and invest much time in – both personally and professionally,” Richesin said.   

Click here to vote for Richesin.

About Todd Richesin Interiors, LLC
Based in Knoxville, Tenn., Todd Richesin Interiors, LLC, is a full-service interior design studio that utilizes custom furniture, antiques and luxury fabrics to express each client’s individual style.  The firm’s services include floor plan design; pre-construction analysis of floor plans and furniture layouts; flooring, plumbing, tile and lighting selection; selection of all interior finishes; cabinetry consultation and design; custom furniture, draperies, rugs and accessories; artwork selection and antiques. 

Richesin is also a business partner with Bobby Brown in Bobby Todd Antiques.  Founded in 1999 and located in the heart of downtown Sweetwater, Tenn. (near Interstate 75 between Knoxville and Chattanooga), Bobby Todd Antiques features unique furniture pieces, garden accessories and gifts as well as intangibles such as scent and sound to enhance the design of every home.

Recently, Richesin integrated social media tools to give back to community members interested in gaining interior design knowledge, along with offering helpful decorating tips and answering design-related questions.  Todd’s blog, “On the Fringe,” hosts a variety of colorful blog posts. Todd’s fan page on Facebook is also growing daily.

Graduation Coaches Key Factor in Significant Graduation Rate Increases

Friday, January 29th, 2010

Maryville, Tenn. — Many local students who may have been high school drop-outs several years ago can find new levels of support through designated graduation coaches. According to the numbers, these coaches are making an impact.

Heritage High School and William Blount High School have experienced a significant double-digit jump in graduation rates since 2006 with help from two part-time graduation coaches at both high schools.

In addition, Alcoa High School hired the first graduation coach in the area three years ago while Maryville High School integrates the graduation-coach role with existing staff responsibilities. Graduation rates for Alcoa High School and Maryville High School have consistently remained above the state goal of 90 percent since 2007.

“Many East Tennessee public high schools provide graduation coaches as an added layer of support to keep struggling students on track to graduate,” said Bonny Millard, executive director of the Blount Education Initiative (BEI). “Better graduation rates are a win-win situation for all involved, including students and the community at large.”

From 2006 to 2009, William Blount High School experienced a 13.6 percent graduation increase.  Heritage High School’s numbers also are impressive, seeing an 11.2 percent jump during that same time period.

“A number of years ago, a GED was acceptable for those not on target to graduate, but now a student who leaves school but earns a GED is considered a dropout,” said Millard, who has been reviewing local graduation rates since 2004. “The progress of the two county high schools to bring their graduation rates up in only four years is impressive and to be commended. It has taken much hard work and effort to pinpoint these students and make sure they stay on the right track to graduate.”

The data suggests schools with graduation coaches exhibit improved graduation rates.

“Just look at the data, and you can see the benefits of graduation coaches very clearly,” said Jane Morton, supervisor of grades 6-12 instruction for Blount County schools.

Millard added, “With the great results that these graduation coaches have achieved, it would be a step backwards if these positions were eliminated.”

Although there are no specific state requirements to be a graduation coach, it is desirable for coaches to have a professional teaching license and some experience with high school students.

As with guidance counselors, graduation coaches work with at-risk students in jeopardy of not completing high school. Unlike most counselors, graduation coaches do not have to multi-task with administering tests, scheduling classes, grading papers or typical administrative responsibilities – enabling them to focus solely on the students they help.

“Graduation coaches truly have the ability to face a tough situation and stick with it,” Morton said. “They also recognize that there’s such a deep connection between school and home.”

Still, graduation coaches can’t save every student. Morton recalled that one student who was on target to graduate early after the fall semester turned 18 and dropped out. Despite their best efforts to persuade the student to remain in school for the final six weeks or so, he decided not to and because he was 18, school officials had no leverage to retain him.

On a daily basis, graduation coaches monitor a student’s academic progress and attendance and work with teachers to identify those who are falling behind or at risk of doing so. They also focus on getting parents involved and will even make home or workplace visits with parents.

Mike Winstead, assistant director of schools, credits Maryville High School’s collaborative approach with its teachers, guidance counselors, administrators and parents to keep students on track to graduate, since Maryville High School does not have separate graduation coaches. 

According to Winstead, MHS students receive a great start in ninth grade with one full-time guidance counselor who is responsible for helping students create a plan for graduation.  Four other counselors focus on students in grades 10-12.

“Interventions with both the student and a parent are conducted if a student is deemed at risk of not graduating,” Winstead said. “MHS counselors engage in a very individualized approach for each student who gets off track in the pursuit of graduation.” 

BEI recently sat down with local graduation coaches to get a glimpse of what their influential jobs entail.

Questions and Answers with graduation coaches in the Blount County community:
Alcoa High School (AHS)
Heritage High School (HHS)
William Blount High School (WBHS)

1. How long have you been a graduation coach?

Kim Hawkins, AHS: Our principal, Scott Porter, created the position three years ago with the support of the central office. The first two years, it was called Graduation Specialist, even though the position included responsibilities other than working with at-risk students. Since we are such a small system, we all have to wear many different hats. This year, the position was renamed AYP (Adequate Yearly Progress) Coordinator to encompass more of the responsibilities. I was the original Graduation Specialist and am now the AYP Coordinator.

Virginia Loflin, WBHS: I’m currently in my second year as a graduation coach for WBHS but was a guidance counselor for 12 years at the high school prior to that.

2. How are graduation coaches different from guidance counselors?

Kim Hawkins, AHS: Our position acts as part of an at-risk team that includes the counselors, principal and Family Resource Center. We know it takes a team approach. Some grad coaches are former counselors and some have other classroom experience.

Virginia Loflin, WBHS: High school guidance counselors have become consumed with several duties and a caseload of around 450 students usually.  We identify and focus solely on at-risk seniors.

3. What do graduation coaches do?

Kim Hawkins, AHS: We do whatever needs to be done to ensure that the students graduate on time while maintaining the rigor and integrity of programs. This includes monitoring data to target at-risk students, finding support programs for the students and families, finding appropriate interventions to address the issues that may prohibit the student from graduating on time, tracking the progress of the students, being a liaison between teachers and students, helping teachers adapt curriculum to meet the needs of at-risk students or taking any other appropriate action to help the students succeed. No day is the same. Larger schools have grad coaches that are focused totally on at-risk students. Alcoa’s small size means that the responsibilities of the grad coach are only a portion of what I do. Some of my other responsibilities include school-wide data analysis, school improvement and reform, standardized testing, curriculum, teacher evaluations, Title I and anything dealing with accountability.

Wilda Cornett, HHS: We work with at-risk students in danger of not graduating from high school. It could be because of attendance issues, failing classes, lack of motivation, family issues, personal issues, such as lack of stable housing, extended illness or whatever has caused them to fall behind in required credits or courses.

Virginia Loflin, WBHS: Graduation coaches identify high school students at risk for not graduating on time. Some of the risk factors include: students falling behind in credits, failing a class needed to graduate, having a history of academic difficulties, not performing well on state tests, coping with difficult family circumstances, raising children, having discipline problems, dealing with transportation issues and missing several days of school. Attendance is truly the single biggest factor in not having satisfactory performance in school. We also monitor students who are close to turning 18. This is important to monitor because 18 is the end of compulsory attendance at school, and students can sign themselves out whenever they want. Unfortunately, every year, we have a student on track to graduate but decides to drop out for whatever reason.

4. Is this position a new phenomenon to the Blount County / East Tennessee area?

Kim Hawkins, AHS: When we created the grad specialist position, we were unaware of any other similar positions in the area. Since then, we have shared our experience with many of the grad coaches in the area. Our grad specialist position evolved into our current AYP coordinator position. Our system has an AYP coordinator at each of the three schools, and we are unaware of any other positions like this in the area.

Virginia Loflin, WBHS: Georgia has had graduation coaches for years. Recently, WBHS has expanded the program because of stimulus money and now has two part-time graduation coaches.

5. What are the biggest struggles graduation coaches face?

Kim Hawkins, AHS: Some unrealistic expectations (from others and of ourselves) haunt us. We are expected to save everyone, be everything to everyone all of the time and fix everything. Some societal issues that revolve around family life or educational policy that does not support student success make it frustrating and difficult. Sometimes, you work with a family who does not value education or has more pressing issues, such as where they will sleep or how they will eat, and it is hard to overcome those problems.

Wilda Cornett, HHS: Getting students motivated and seeing the benefits of a high school diploma is a challenge. The same applies to their parents or guardians. So many times, the students are already behind and unable to graduate on time before we get the referrals from our teachers or the student comes from another school already behind in credits. 

Virginia Loflin, WBHS:  Aside from the students who have credit deficits or several missed days of school, social concerns are a main factor. Oftentimes, these students have nowhere to live, are expecting children, have children already or are 18 and just do not want to go to school anymore. We work with the Family Resource Center to help these struggling students and teach them how to access services in the community. Some of them are just trying to survive.  

6. How do graduation coaches motivate struggling students to go the extra mile?

Kim Hawkins, AHS: Our strategies depend upon the student and what he or she needs. Each student and situation is different, so it is hard to make general statements about motivating students. Some students just need to know someone cares and is paying attention. It varies from checking in with them every day to finding things they or their families need, to texting them every morning to make sure they are getting ready for school. 

Wilda Cornett, HHS: We make personal contact with students and parents and encourage the students to come to school, work hard in class and meet standards for all classes. We develop individual plans with students, parents and teachers. We work with students to get them into credit recovery classes, online courses and recommend tutoring. Sometimes, we make home visits or the school resource officer does. We encourage students and keep in touch with students who, very often, receive little support at home, from peers or themselves (due to low self-esteem). We work with guidance and attendance to follow up on students who transfer from Heritage to make sure they enroll in another educational program that enables them to get a high school diploma.

Virginia Loflin, WBHS: Everything I’ve read about dropout prevention says to identify at-risk students early and give them as much support as soon as possible. School attendance is the biggest factor, so I check every day to make sure the students I work with are in class or locate them to find out where they are. We make home visits and help teachers coordinate getting students into a credit recovery program.

Katherine Bowerman also serves as a graduation coach at William Blount High School.  Ron Eades is also a graduation coach at Heritage High School.

About Blount Education Initiative
The Blount Education Initiative’s (BEI) mission is to make education the Blount County community’s top priority by developing a sustained public awareness campaign focusing on the critical issues related to education, supporting local schools in their efforts to provide a top-notch education for all students and serving as a bridge between the educational community and businesses to develop meaningful collaborations. 

Achieving consensus about education’s vital importance, and what forms of support are required to achieve educational excellence, requires an organized, concerted campaign involving information exchange, dialogue, learning and persuasion.  That’s why BEI exists – to facilitate this process.

Kevin Painter Earns Accredited Investment Fiduciary (AIF) Designation from fi360

Monday, January 25th, 2010

Maryville, Tenn. – Kevin Painter, managing partner of Alcoa-based LeConte Wealth Management, has been awarded the Accredited Investment Fiduciary® (AIF®) designation from Fiduciary360 (fi360), an organization offering training, tools and resources to promote a culture of fiduciary responsibility and improve the decision-making processes of fiduciaries.

Fiduciary responsibility can be defined as the ethical and/or legal relationship of confidence or trust between two or more parties. The AIF designation signifies knowledge of fiduciary responsibility and the ability to implement policies and procedures that meet a defined standard of care. The designation is the culmination of a two-day course and examination.  

 “The AIF designation will allow me to consult with retirement plan trustees and business owners on their fiduciary responsibility to their employees,” Painter said.   

Fi360, based near Pittsburgh, Pa., is the first full-time training and research facility for fiduciaries and conducts training programs at universities throughout the United States and abroad.


ABOUT LECONTE WEALTH MANAGEMENT, LLC:
Established in 2007 and located at 269 Cusick Road, Alcoa, Tenn., 37701, LeConte Wealth Management, LLC helps clients develop a plan to accumulate and preserve their wealth in pursuit of their unique financial goals.  With more than 30 years of cumulative experience, the firm’s team provides asset management, retirement planning, estate planning, risk management and business planning. Securities and Advisory Services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser.

About fi360
Fi360 offers training, tools and resources to promote a culture of fiduciary responsibility and improve the decision making processes of investment fiduciaries – individuals who manage money for others. It licenses the Prudent Practices for Investment Fiduciaries from the Foundation for Fiduciary Studies. Fi360 provides investment education and training programs and awards the Accredited Investment Fiduciary® (AIF®) and Accredited Investment Fiduciary Analyst™ (AIFA®) professional designations through the Center for Fiduciary Studies. It develops sophisticated Web-based tools and reporting, including the innovative Fiduciary Score™ and the Family Fund Fiduciary Rankings™ for trustees and investment professionals through Fiduciary Analytics.

LeConte Provides Insights on Setting Realistic Goals to Achieve Financial Fitness in 2010

Monday, December 21st, 2009

Alcoa, Tenn. — New Year’s resolutions are tough to keep.  Most resolutions deal with losing weight or quitting smoking, but what about financial fitness? 

“Wishful thinking won’t get the job done when it comes to improving one’s financial health,” said Hoy Grimm, managing partner at Alcoa, Tennessee-based LeConte Wealth Management. 

In order to help community members make positive changes to their monetary belt, LeConte suggests following the below five simple steps:

Resolution No. 1:  Take control of your financial future.
Stop hoping that you will have enough money (or income) to fund your future — start saving more money now. The economy may get better or it may get worse, but you can take control of your individual situation to prepare either way. Find the one thing that is sucking the financial life out of you and get rid of it! It could be a hobby, your house or your car.

Resolution No. 2:  Take control of your spending.
If you do not know where your income is going, you probably won’t have any left to save! Look back at the money you spent in 2009. Find one habit, activity or thing that you paid good money for that you now regret. Resolve to replace it with one new behavior that will improve your financial future in 2010.

Resolution No. 3:  Assess the limits of your fiscal self control.
Are you a saver or spender? Do you budget and balance your checkbook or do you rely on “retail therapy” more than financial discipline? Take some time at the beginning of the year to be realistic about your behavior and what you need to change to make 2010 a financial success. Either from a friend or professional, seek help in addressing your greatest behavioral weakness. Do you realize that large retail businesses spend millions on research, store design and product displays to induce you to spend more than you intend? You can counter this by not giving them the chance to work their marketing magic. In other words, stay off the enemies “turf.”

Resolution No. 4: Take control of your credit score.
For better or worse, financial institutions weigh your credit score heavily before extending an offer to you. You cannot change the past, but you have total control of your financial future. Make 2010 the year that you learn what your credit score is and how to improve it. Some improvements are very easy and with a small effort you can save money by reducing your cost of credit. Armed with your improved credit score, call all of your banks, credit card companies and insurance companies to bargain for their best rates. Be aggressive. Lenders are more eager to keep their best customers than they are to terminate their worst. Lenders more than likely will offer you an incentive to stay if you have a high credit score. 

Resolution No. 5: Assess the risks in all your investments.
Many investors spend most of the time looking at the potential return of a particular investment while dismissing the risks. They ask, “How much can I make on this?” If they see a stock chart, they instinctively imagine the line ascending instead of declining. In 2010, try asking, “How much risk will I have to assume for the potential to make a certain return?” Professional money managers live in the world of “risk adjusted returns” and if you are serious about your financial future you should too. Risk is defined in many different ways. You are aware of the risk of capital loss. Are you equally aware of interest rate risk, reinvestment risk, inflation risk, liquidity risk and currency risk? Which one is exerting the greatest influence on your investments? What can you do about it in 2010?

“Even making small financial adjustments can yield worthy results,” said Kevin Painter, managing partner at LeConte Wealth Management.

Visit LeConte Welath Management’s web site for free financial calculators and additional information.

ABOUT LECONTE WEALTH MANAGEMENT, LLC:
Established in 2007 and located at 269 Cusick Road, Alcoa, Tenn., 37701, LeConte Wealth Management, LLC helps clients develop a plan to accumulate and preserve their wealth in pursuit of their unique financial goals.  With more than 30 years of cumulative experience, the firm’s team provides asset management, retirement planning, estate planning, risk management and business planning. Securities and Advisory Services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser.

Blount Education Initiative Urges Post-High School Training and Commitment to Lifelong Learning for Job-Competitiveness

Monday, December 7th, 2009

Maryville, Tenn.Clayton Homes’ Controller David Jordan attributes his success to a solid educational background – which, interestingly, did not follow a traditional path.

Jordan went straight to the workforce from high school, and he soon realized that he needed additional education to advance in his career. After spending five years working in the railroad business, Jordan took time to complete his undergraduate degree through the Univ. of Tennessee Evening School. A short time later – and older than most of his classmates – he received his Bachelor of Science degree at the age of 30. Nine years later, Jordan graduated from the very first Executive MBA class at the University of Tennessee.

Jordan has worked for Clayton Homes for 26 years; he said he believes the foundation of his professional successes can be attributed to education. 

Regardless of age, background or job interests, Blount Countians who want a lifetime of rising income potential, career control and growth opportunities cannot end their education with high school graduation. In fact, according to the Blount Education Initiative (BEI), a high school diploma is only the beginning.

In this day and age, a high school diploma is not just a minimum educational requirement; it’s the starting line to a whole lifetime of job-related training and other forms of education to remain competitive,” said Bonny Millard, BEI executive director.

“Research has proven lifelong personal and financial benefits to those with post-high school training or college,” Millard said. “Those who continue throughout life with additional training, certifications and any form of continuing education – even if it’s attending conferences or non-credit classes – can keep a leg-up on the job competition and gain more personal control over their job prospects and economic future. That’s empowering.”

These benefits don’t just help individuals and families achieve good quality of life. The entire community benefits, too.

According to a report entitled “Education Pays—The Benefits of Higher Education for Individuals and Society” by Sandy Baum and Jennifer Ma, students who attend institutions of higher education obtain a wide range of personal, financial and other lifelong benefits. Likewise, taxpayers and society as a whole gain a multitude of direct and indirect benefits when citizens have access to postsecondary education.

“This research also confirms that higher levels of education correspond to lower unemployment and poverty rates,” said Matt Murray, BEI president. “In addition, higher education levels correlate with higher levels of civic participation, including volunteer work, voting and blood donation as well as with greater openness to the opinions of others.”

David Jordan recently answered a few education-related questions from BEI:

What is the value of investing in our children’s educational lives?
“In a broad context, providing a good education to our children is essential to the health and well-being of our society. It is truly an investment in the future. Looking at it from the perspective of a Blount County-based employer, the education level of the local population from which we draw most of our home office team members is an important part of Clayton Homes’ ability to remain competitive.”

Do you believe education has been the foundation of your success?
“I was very appreciative of my educational opportunities. My working background, particularly as a union employee and, later, a collector, underscored to me the value of a good education. There is no question in my mind that my educational experiences are the foundation of any success that I have had in my career.”

Who were the influencers in your life who encouraged you to strive for knowledge? 
“My parents always encouraged my curiosity. There always were books around the house. My mother was a reader and instilled in me a keen interest in current events and history. I can remember vividly watching the Senate Watergate hearings with her in 1973. Being Tennesseans, we were very proud of the role played by our own Howard Baker and his young lawyer from Nashville, Fred Thompson.”

Do you have any favorite teachers, professors or administrators – and why?
“Not only was Miss Margaret Jenkins the band director and English teacher at my high school, she also was the choir director at my church.  Although we belonged to a small church in a small town, we had a great choir because of her. Our group traveled all over the place to perform. Miss Margaret loved all of her choir kids and encouraged our musical talents. She introduced us to classic literature in high school – we read Shakespeare aloud (being a band director, she called Trebonius, from Julius Caesar, Trombonius) – and classical music in band. 

“Anyone who attended Hollow-Rock-Bruceton Central High School from the 1930s until the early 70s was influenced by her. Her area of expertise is not my field, but she encouraged reading, art and music – not to mention more than a little discipline. My life is richer because of these interests that she helped spark.”

Explain your personal view on the importance of education in order to get a good job and ultimately improve one’s quality of life. 
“Clearly, there can be no question as to the correlation of an education to the quality of life.  Most manufacturing jobs today require skills that are acquired through education. Mathematics, computer literacy, reading comprehension, writing and team dynamics are but a few of the skill sets higher-paying employers are looking for today.”

If you could give one piece of advice to children in school now, what would that be?
“Be curious about things and people, and develop the habit of reading.  Books, magazines, newspapers – it doesn’t matter so much what you read as long as you read.”

About Blount Education Initiative
The Blount Education Initiative’s (BEI) mission is to make education the Blount County community’s top priority by developing a sustained public awareness campaign focusing on the critical issues related to education, supporting local schools in their efforts to provide a top-notch education for all students and serving as a bridge between the educational community and businesses to develop meaningful collaborations. 

Achieving consensus about education’s vital importance, and what forms of support are required to achieve educational excellence, requires an organized, concerted campaign involving information exchange, dialogue, learning and persuasion.  That’s why BEI exists – to facilitate this process.

East Tennessee Native and Knoxville Interior Design Expert Todd Richesin Honored by House Beautiful as One of the “Next Wave of Top 20 Designers”

Tuesday, November 24th, 2009

Knoxville, Tenn. – With over 20 years’ experience working as an interior designer who has built a sizeable portfolio of upscale client projects throughout East Tennessee and the United States, Todd Richesin‘s passion for design has been officially recognized on a nationwide level. 

Richesin was selected as one of House Beautiful’s “Next Wave of Top 20 Designers” in the just-released December / January 2010 issue, hitting newsstands today, Nov. 24.

“I’m thrilled about the opportunity to share my work with House Beautiful readers and to represent my home state in such a prestigious publication,” said Todd Richesin, owner of Knoxville-based Todd Richesin Interiors.

Richesin grew up in Sweetwater, Tenn., and manages a fully appointed studio located in West Knoxville at his French manor house, which for the past ten years has played host to a complete interior design service. It is here where clients will find one of the South’s most exclusive fabric and furniture resource libraries.  

Todd also travels to furniture and accessory markets worldwide, as well as to many antique shows to keep up-to-date on design trends and new product introductions. 

“I truly focus on expressing each client’s unique individual style in my projects,” Richesin said. “Getting to know a client’s personality helps me to provide them with fresh ideas and one-of-a-kind designs.” 

Since early childhood, Todd has had a knack for interior design.  In fact, his first project happened by accident at the age of 7.  He selected an Oriental rug that is still in his parents’ home library today – even after the room has been redecorated three times.

Todd’s philosophy of design is simple — starting with personal collections or design elements that a client loves and building from there.

“More beautiful, more comfortable, more livable – that’s my motto,” Richesin said. “Design should be fun.  My goal is simply to take a client’s dream and make it a reality.”

No one in East Tennessee knows better about making their design dreams come true than Knoxville resident Melinda Story.  Melinda has worked with Richesin over the past 10 years on four different interior design projects, including a room-by-room design project for her main home in Knoxville; restoration and complete interior design of an 1840’s house in Key West, Fla.; design and furnishing of her mountain home in Highlands, NC; and a remodeling and interior design project for an historic loft in downtown Knoxville.

“We would not consider undertaking a project without the benefit of Todd’s consultation,” Story said.  “His vision, talent and creativity are gifts. You can see it in everything he does and everything he is.”

Doretta Sperduto, decorating director of House Beautiful, says Todd’s work speaks for itself.  “He is obviously talented and deserves to be featured in this article.”

Recently, Todd integrated social media tools to give back to supporters interested in gaining interior design knowledge, along with offering helpful decorating tips and answering design-related questions.  Todd’s blog, “On the Fringe,” hosts a variety of colorful blog posts.  Todd’s fan page on Facebook is also growing daily.

“Spreading design knowledge, along with providing the best customer service possible has always been my top priority,” Richesin said.  “I try my best to go above and beyond what a client wants to make them happy.”

About Todd Richesin Interiors, LLC
Based in Knoxville, Tenn., Todd Richesin Interiors, LLC , is a full-service interior design studio that utilizes custom furniture, antiques and luxury fabrics to express each client’s individual style.  The firm’s services include floor plan design; pre-construction analysis of floor plans and furniture layouts; flooring, plumbing, tile and lighting selection; selection of all interior finishes; cabinetry consultation and design; custom furniture, draperies, rugs and accessories; artwork selection and antiques. 

Richesin is also a business partner with Bobby Brown in Bobby Todd Antiques.  Founded in 1999 and located in the heart of downtown Sweetwater, Tenn. (near Interstate 75 between Knoxville and Chattanooga), Bobby Todd Antiques features unique furniture pieces, garden accessories and gifts as well as intangibles such as scent and sound to enhance the design of every home.