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ICF Roll Stroll Run 2017The 26th edition of Indian Creek Foundation's Roll and Stroll added a new event – a 5K run. Linda Covel (Payroll Processor/Tax Preparer) participated in the 5K while her husband, Todd, cycled the 20-mile course. Brian Erkes (Wealth Management Project Coordinator) and his wife, Janice, ran the 5K as well, with Brian placing 15th and Janice 18th overall!

We are proud to be among the sponsors supporting this event, which took place Saturday, June 17 and raises funds to support Indian Creek Foundation’s mission of providing services for children and adults with intellectual and developmental disabilities.

Philadelphis Skyline SchuylkillThe first in a series of scheduled reductions to Philadelphia's City Wage Tax take effect July 1, 2017:

  • The new Wage Tax rate for residents of Philadelphia is 3.8907% (.038907).

  • The new Wage Tax rate for non-residents of Philadelphia who are subject to the Philadelphia City Wage Tax is 3.4654% (.034654).

Any paycheck that Philadelphia-based businesses issue with a pay date after June 30, 2017 must have Philadelphia City Wage Tax withheld at the new rate.

This reduction is part of a long-term initiative to reduce the Wage Tax for residents and nonresidents to their lowest rates in 40 years -- declining to 3.6997% for residents and 3.2953% for nonresidents -- by the beginning of fiscal year 2022.

For full information on this wage tax reduction, visit the Philadelphia Department of Revenue website.

As always, we are here to help if you have any questions about these new rates or any other payroll concerns. Please don't hesitate to contact us online or call 215-723-4881.

WM Fiduciary News May 201-000

You may have heard media reports about a new fiduciary rule for retirement accounts. President Trump had called for a review of this rule, just two months before it was to go into effect. Understandably, you have questions about how this might impact your accounts. The rule was designed to ensure that the recommendations made by financial advisors to their clients, regarding their retirement accounts, are always made in the best interests of the client, without any conflicts of interest.

The good news is that this doesn't affect your accounts at all. As a Registered Investment Advisor, we are already under the highest fiduciary standard -- so enacting the rule, changing it, or possibly rescinding it doesn't change our status. We have had this higher standard in place all along and will continue to do so. It's always been part of our DNA.

As your financial advisor, we have been serving you as a fiduciary all along.

A "fiduciary" who manages an investor's assets has a legal and ethical obligation to put the investor's interests first. That means helping the investor make decisions in his or her best interests. This fiduciary standard has always been at the core of our firm's mission to our clients.

Here's how we protect you and your investments:

  • We always put your needs first. We are committed to the highest professional and personal standards, and this commitment remains as strong as ever. Our sole focus is on your financial needs and goals and how we can best help you pursue them.

  • We always act in your best interests. We are committed to putting your needs and goals before those of our firm. We strive to avoid any conflicts of interest, and if they arise and are unavoidable, we disclose these to you immediately. We provide a high level of transparency around any fees or expenses associated with your accounts so that you always know what you own and what you're paying for it, so there are never any surprises.

  • We are an independent and objective resource. As an independent firm, we provide you with objective, unbiased advice based solely on your needs and goals. We provide guidance that is truly objective, unencumbered by any potential conflicts of interest. We have no vested interest in promoting a particular product or service. Our only interest is that your financial objectives are met.


In financial services, there have traditionally been two types of standards: the suitability standard and the fiduciary standard.

The suitability standard is defined as determining whether an investment product or strategy is "suitable" for the investor based on his or her financial objectives and risk comfort level. Many advisors operate under the suitability standard where the advisor simply determines whether a recommended product or strategy is suitable for the client.

The fiduciary standard is a higher level of responsibility for the advisor. The fiduciary standard goes beyond suitability and requires that any advice on products and strategies be provided in the best interests of the investor. The fiduciary standard of care requires that the advisor take into consideration whether the fees are reasonable, whether there are any conflicts of interest, and whether the investments are adequately diversified.

Fiduciary Standard Pledge graphicOUR COMMITMENT TO YOU

As your advisor, we adhere to the fiduciary standard, and we believe this model of disclosure and transparency is in your best interests. In our view, you deserve to have your needs put first and the strategies and investment products we recommend should align according to those needs.

Our fiduciary standard mandates that every single recommendation we make must be based on your best interests, and there is no circumstance when we can place our interests above yours. By adhering to the fiduciary standard, we believe we can provide you with the highest standard of care for all your investment and retirement needs.


When it comes to managing your money, your financial relationships should be built on a foundation of trust, integrity, and transparency. Not all firms and advisors adhere to the same legal and regulatory standards. 

We remain committed to earning and maintaining your trust through expert advice and effective strategies custom tailored to your unique needs. We define our success by seeing you succeed in achieving your financial goals. And our focus remains on serving your interests first and foremost.

We had a special visit from the class of Chuck Porter’s son, Micah. He and his fellow students from Indian Valley Nursery School & Kindergarten paid a visit to our Souderton office to learn more about what it means to be a good neighbor. They gave us a care package and some very creative ideas about what we do here at Canon Capital. Thank you for thinking of us and for brightening our day with these responses!

IVNS Visit Letter 4-2017 Page 1 SM

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