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IN THIS ISSUE WORKING KNOWLEDGE PAGE 8: Ready to Talk Succession Planning? PAGES 12 & 13: A Benefits Checklist to Prepare You for Life's Biggest Milestones
TRENDING NOW PAGE 9: How Has COVID-19 Changed Life Insurance? PAGES 10 & 11: Six High Net Worth Planning Techniques to Increase Plan Flexibility in 2021 Client Spotlight: CordenPharma pageS 18 & 19
PAGE 17: ArtsWave Campaign
FORWARD THINKING PAGES 4 & 5: HORAN Wealth: Striving to Deliver Legendary Experiences with Every Interaction PAGE 16: We’ve Moved! Twice!
Front Cover: One of our favorite spring traditions is visiting the Dayton Art Institute to view the iconic blossoming cherry trees.
Wellness Works: ADVICS North America, Inc. PageS 6 & 7
Get Outdoors! Seven Great Spots to Visit this Summer PAGES 14 & 15
Photo Credit: Eric Brockman
Visit horanassoc.com to see our new look!
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Volume 25
A Letter from the President W
e are having a great 2021 at HORAN. This issue of the HORAN magazine will reflect some of the happenings at the company which will benefit you, our clients and friends, and the regions we serve.
since 2016*. Greater collaboration between our wealth management divisions allows us to pull together our advisory and client service expertise to create a better experience for our clients and partners.
With more and more individuals getting COVID-19 vaccinations and case counts going down, it’s time to start exploring the great outdoor activities our region has to offer. We’ve compiled a list of some of our region’s most-beloved institutions such as the Cincinnati Zoo and Botanical Garden, the Dayton Art Institute’s blooming cherry trees and the Cincinnati Nature Center to inspire you and your family to get outside. Take a look and make plans to enjoy the summer season!
This issue of the magazine also highlights two of our favorite organizations, CordenPharma and ADVICS North America, Inc. Please read the CordenPharma article to see what this very special organization has been doing to help support the health care industry during the COVID-19 pandemic. The ADVICS article outlines their success in implementing Marathon Health, an independent primary care solution, as a benefit for their employees.
We recently opened new offices in Dayton and in Columbus. Both are large modern spaces designed to provide a great experience for our clients and our employees. We are very proud of our new locations and their ability to serve you. Drive by our Paragon Road Dayton office some time; our HORAN sign is designed to change colors to celebrate special holidays and events.
Please take time to review Andrea Costa’s article on estate and tax planning strategies for 2021 and Greg Hoernschemeyer’s article on how the COVID-19 pandemic has altered life insurance underwriting.
2021 is the 25th anniversary of our broker-dealer and its associated investment advisor. Our wealth teams have doubled in size over the past 10 years and HORAN’s collectively managed assets have nearly doubled from $1.5 billion to almost $3 billion
Terence L. Horan, CLU, ChFC, CAP President and Chief Executive Officer
I hope this issue of the magazine is valuable to you. We are always looking for suggestions to enhance your world and that of the communities where we live and work. Don’t hesitate to give us your ideas on how we can improve. Relentless improvement is one of our company’s fundamental values. Enjoy your summer!
*“Collective” assets include regulatory assets under management by HORAN Capital Advisors and HORAN Wealth Management, both SEC Registered Investment Advisors. Additionally, assets derived from corporate retirement plan consulting and assets held by HORAN Securities, Inc., a registered broker-dealer - member FINRA | SIPC. Asset numbers presented are unaudited but provided internally from sources we deem reliable.
www.horanassoc.com
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HORAN Wealth: Striving to Deliver Legendary Experiences with Every Interaction Since our establishment in 1948, HORAN has evolved from a one-person operation to a team of 150 associates providing solutions in the areas of health, wealth and life to a network of clients across the country. HORAN began as an agency focused on providing life insurance and retirement planning solutions for individuals and organizations. Retirement plans and savings strategies have expanded and grown significantly over time and HORAN has pivoted and evolved with the industry to best serve its clients.
A Closer Look at HORAN Wealth
2016
$1.5 billion $3 billion
2021
In 1996, HORAN added a dedicated team of Certified Financial Planners® to provide clients with a comprehensive suite of wealth services including investment management, financial and estate planning. The company launched HORAN Capital Advisors, LLC in 2010 by leveraging Chartered Financial Analysts®. For the past decade, clients have benefited from their high touch service model that includes customized portfolio construction and review as well as an in-depth analysis of the economy and stock market.
“Our growth is based on listening to the needs of clients and tailoring our products and counsel to meet their needs,”
2016 18 HORAN Wealth Advisors and Service Managers
2021
30 HORAN Wealth Advisors and Service Managers
said Terence L. Horan, CLU, ChFC, CAP, President and Chief Executive Officer at HORAN.
89%
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Percentage of HORAN Advisors Who Hold a CFA, CFP®, AIF, CLU or Other Industry Credential
69 HORAN Wealth's Net Promoter Score**
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Horan continues, “When I look at how our wealth organization has grown over the years, we have focused on building genuine, lasting relationships so clients can feel confident and secure about their investments, retirement and future." HORAN’s collectively managed assets have nearly doubled from $1.5 billion to almost $3 billion since 2016*. In that same timeframe, employees within HORAN Wealth have grown from 18 to 30 advisors and client service managers.
HORAN Wealth Milestones 1963
Great-West Life enters the 403(b) business.
1973
Terry Horan joins the firm.
“Over the past 18 months we’ve been intentional about strategic collaboration and leveraging internal partnerships to support our clients as a united HORAN Wealth team,” said Horan. "Clients benefit from this approach."
1981
1990
“When an individual becomes a HORAN client, they have a dedicated relationship with their plan advisor and benefit from the synergistic power of the overall company’s experience and expertise," said Horan.
The office moves from Downtown Cincinnati to Kenwood, Ohio, to become more accessible for clients.
2010
HORAN Capital Advisors, LLC. was launched to assist clients who require more complex portfolio planning needs.
The business incorporates becoming HORAN Associates, Inc.
1996
HORAN Securities, Inc. was founded to provide clients with a comprehensive suite of wealth management services.
2020
HORAN reaches $2 billion in assets under management and advisement, collectively.*
*“Collective” assets include regulatory assets under management by HORAN Capital Advisors and HORAN Wealth Management, both SEC Registered Investment Advisors. Additionally, assets derived from corporate retirement plan consulting and assets held by HORAN Securities, Inc., a registered brokerdealer - member FINRA | SIPC. Asset numbers presented are unaudited but provided internally from sources we deem reliable. **The Net Promoter Score is a result of an incentivized survey by HORAN, conducted by the Mower Agency, to obtain this customer satisfaction score. The target audience for this survey included current HORAN clients and nonclients. The survey asked respondents to rank how likely they would be to recommend HORAN and six other regional firms. According to Retently's 2021 Net Promoter Benchmarking study, 56 is an average Net Promoter Score for Financial Services Firms.
www.horanassoc.com
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ADVICS Leverages Clinic Model to Drive Primary Care Engagement ADVICS North America Inc.’s corporate vision is to improve quality of life through the evolution of vehicle safety. The company has been fulfilling this vision ever since its establishment in 1989. Today, ADVICS employs 1,700 experienced and dedicated individuals. Their approach to taking care of their team members mirrors their overall approach to business, but with a twist—ADVICS works to improve the quality of life for its team members by focusing on wellness.
“We want our team members to have the best options to take care of their health and the health of their families,” said Matthew Mikolajewski, Senior Benefits Specialist at ADVICS North America, Inc. 6
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ADVICS’ core wellness program focuses on preventive care engagement through annual physicals and biometric screenings. Premium incentive discounts are offered to both employees and spouses to help drive participation. The other key element of the program is rooted in directing primary care engagement via employer-sponsored clinics. A primary care physician (PCP) relationship is the best defense against chronic conditions and is proven to reduce the cost of claims for employees, spouses and employers. According to a HORANalytics® book of business study, an annual PCP visit saves a health plan $700 per employee. The study also found that spouses without an annual PCP visit cost a health plan $1,300 more per individual. Based on the success of its initial clinic model in Indiana, ADVICS partnered with HORAN to seek out employersponsored clinic options for its Ohio team members. Last year ADVICS launched Marathon Health, formerly known as OurHealth, as a benefit offering for their plan members living and working in Ohio. Marathon Health is a network of independent primary care health centers that provides an enhanced model of care focused on optimizing the patient experience, driving better health outcomes and creating more value.
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Wellness works “HORAN brought the Marathon Health model to our attention. What really sold us on partnering with Marathon Health was their ability to provide comprehensive primary care to patients and their 360 degree approach to taking care of our team members,” said Mikolajewski. The Marathon Health solution makes independent primary care simple and provides easy and convenient access to health care where employees live and work.
Marathon’s Health Center Network Expansion Marathon’s health centers are conveniently located where employees live and work. Currently, there are four health center locations in the Cincinnati area. Three Marathon health centers opened in the Columbus-metro area in 2021 and are now serving patients. Marathon Health plans to expand their network of health centers to the Greater Dayton area in the near future.
“We were early adopters of the Marathon Health clinic model in Cincinnati, and, as a result, were able to have a say in where we wanted health centers to be located. There is a Marathon location literally a mile-and-a-half from our facility. This makes access to care really easy for our team members,” said Mikolajewski. Employees and their families have access to multiple locations at no-added cost. Each health center location delivers the same standard of care and suite of services to patients: more one-on-one time with your physician, five-minute wait times, free prescriptions, sameday or next-day appointments and proactive chronic condition management.
LOCATIONS
Cincinnati • Downtown Cincinnati • Springdale • Kings Mills • Green Township Columbus • Grove City • Hilliard • Easton
Employees with access to Marathon Health can also take advantage of virtual and telephonic appointments— the doctor is just a click away!
“Our goal is to give our team members the best possible opportunity to take care of themselves and that’s why we’ve partnered with primary care clinic providers like Marathon Health," said Mikolajewski. www.horanassoc.com
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Working Knowledge
Attention Small & Emerging Business Leaders: Who wants to talk succession planning? Seriously. Chris Pratt, CBC, Vice President, HORAN Emerging Business Advisors What a headline grabber, am I right? Okay, I'm somewhat joking. I realize succession planning does not constitute the highest form of stimulating subject matter, but this is not a topic to be dismissed or tabled for another day. Ask anyone who has worked with or for privately-held or family businesses for any extended period and they can point to cautionary tales of companies left scrambling after the unexpected loss of persons imperative to those operations. Examples of loss comes in many forms. Consider death, disability or the exodus of irreplaceable talent. In most circumstances, “scrambling” only happens in the absence of appropriate planning. As our 35th U.S. President, John F. Kennedy, declared in his 1962 State of the Union Address, “The time to repair the roof is when the sun is shining.” In other words, do not wait until crisis strikes to fix a known vulnerability.
At a recent HORAN GROW Series event, our own Michael Napier, CFP®, Vice President, Wealth Advisor, Registered Representative, at HORAN, provided some critical takeaways regarding people risk management and succession planning: 1
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If you are looking for me to provide supporting data, here goes nothing. A recent article in Kiplinger stated:
“Only 30% of family-owned businesses survive the second generation. Many of these failures result from a lack of succession planning.”* A staggering figure if you ask me. Especially, when you consider the fact that succession planning is not a new or novel concept.
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Many key employees need an exit strategy including top management, sales and chief operating roles—not just the owner/CEO. The first steps to creating a succession plan include starting the conversation early with your corporate accountant, attorney or other advisors; identifying successors; and funding the buy-out strategy. Key-person life and disability insurance is the best way to protect your business from the financial risk of losing a top employee; these policies can be purchased relatively inexpensively in comparison to the value they bring to the organization. It is common for employers to retain key talent by providing stock option or deferred compensation plans. But also make sure to put a non-compete or solicitation agreement in place to mitigate the risk should that person decide to move on.
If your business does not have an appropriate succession plan in place, I have some good news to share. You still have time, but your time is now. If you are not going to listen to me, I ask that you listen to former President John F. Kennedy. Now go fix your roof while the sun is out.
*2020, Kiplinger article entitled, “Effective Succession Planning Leads to Business Longevity”
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Trending NOW
How Has COVID-19 Changed Life Insurance?
Gregory L. Hoernschemeyer, CLU, Senior Vice President, Registered Representative The pandemic caused people to reassess their priorities and has raised awareness about the important role life insurance plays in families’ financial security. Research shows 42% of Americans would face financial hardship within six months if the primary wage earner were to die unexpectedly. Adequate life insurance coverage is the foundation for a secure financial future.
provide it for your family and how long your family could continue its current standard of living without your income. It is important to replace this income to pay expenses, meet debt obligations and save for the future. Below are estimated benefits required to replace an annual income stream of a deceased wage earner.
Many current life insurance products offer features that provide living benefits for chronic and terminal conditions. These features provide access to a portion of your death benefit if you are diagnosed with a qualifying illness. Living benefits may be the most important aspect of modern life insurance because a serious illness can affect anyone and place additional strain on your family’s finances.
Another misconception about life insurance is that it’s difficult to obtain. In actuality, life insurance companies pivoted in response to the pandemic to help consumers expedite the buying process online with accelerated underwriting. Accelerated underwriting uses available data to assess your health rather than relying primarily on medical exams and lab results. Please note that not everyone will be eligible for accelerated underwriting based on their health and other factors. If you think accelerated underwriting is the right fit for you, you can initiate the process without a medical exam or lab work.
Many Americans rely solely on life insurance offered through their employer to protect their family. Unfortunately, losing your job also means the loss of benefits, including group life insurance. Group life insurance is usually not portable; if it is, it may be cost prohibitive. More than 33% of Americans plan to purchase life insurance each year but assume it is too expensive. Most individuals overestimate the cost by three times or more.
The Process
Purchasing a life insurance policy to replace your income is one of the most meaningful things you can leave behind for your family. To begin the process, contact me: Gregory L. Hoernschemeyer 800.544.8306 GregH@horanassoc.com
How Much Do You Need?
When you consider your current expenses, evaluate how your income would be replaced if you were unable to
Net Monthly Income (Money that hits the bank account)
Approximate Death Benefit Needed to Replicate Monthly Cash Flows
Monthly
Annually
10 years
20 years
30 years
$2,500
$30,000
$286,000
$545,000
$779,000
$5,000
$60,000
$572,000
$1,089,000
$1,557,000
$10,000
$120,000
$1,143,000
$2,177,000
$3,113,000
$15,000
$180,000
$1,715,000
$3,265,000
$4,670,000
$20,000
$240,000
$2,286,000
$4,354,000
$6,225,000 www.horanassoc.com
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Six High Net Worth Planning Techniques to Increase Plan Flexibility in 2021 Insights for Estate & Tax Planning Attorneys Andrea D. Costa, Esq., Vice President, Financial Planning Estate planners across the country are attempting to read the tea leaves of the current political climate. While no one is quite certain what to expect, the consensus is grim for the ultra high estate tax exemption that is currently in place. Even if Democratic politicians are unable to pass tax reform, the prevailing estate tax thresholds are scheduled to sunset in 2026. However, many believe the political climate indicates that estate tax exemption is likely to fall well in advance of 2026. Many estate planners remain concerned that legislation to change the estate and gift tax thresholds could be made retroactive to January 1, 2021. This could leave clients seeking to maximize available exemption through large 2021 gifts open to significant gift tax liability. The following six planning techniques may allow for more flexibility in 2021 estate planning. These techniques, alongside all high-net-worth estate planning, should be implemented in consultation with an experienced estate planning attorney. These techniques are complex and may ultimately be challenged by the IRS.
SIX PLANNING TECHNIQUES MAY ALLOW FOR MORE FLEXIBILITY IN 2021 ESTATE PLANNING: 1. Leverage the Power of a Disclaimer.
A qualified disclaimer can be made within nine months of any gift made in 2021. Clients may decide to wait to make
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large gifts to trust until spring of 2021 so that the gift can be disclaimed by December 31, 2021. Such a trust should provide that the disclaiming beneficiary is empowered to disclaim for all beneficiaries of the trust. This is an unusual application of the concept of a qualified disclaimer, so it is unlikely that form disclaimer language will achieve the desired result. Thoughtful drafting is critical.
2. Establish a Spousal Lifetime Access Trust.
Perhaps the most popular strategy of 2020 and 2021, the spousal lifetime access trust removes assets from the grantor spouse’s estate while continuing to provide access to the beneficiary spouse. An inexpensive term life insurance policy may protect against the risk of the beneficiary spouse’s untimely passing. A significant risk to this strategy lies with the reciprocal trust doctrine.
This doctrine pulls assets back into the estate when spouses seek to remove assets from the joint estate if it results in approximately the same economic position and beneficial enjoyment of the estate. In many instances, it will make more sense to pair a Spousal Lifetime Access Trust (SLAT) with the purchase of a substantial life insurance policy within an irrevocable life insurance trust (ILIT) rather than execute two SLAT strategies.
3. Make Spousal Trusts QTIP-able.
Make a gift to a trust with income paid out to a spouse and permit the Qualified Terminable Interest Property (QTIP) election to be made under the trust terms. The election is made on the 2021 gift tax return, which would be timely filed in 2022.
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4. Use a Carefully Crafted Formula to Determine the Value of a 2021 Gift.
For difficult-to-value assets, it may make sense to use a formula gift such that the numerator of the formula is the available exemption in 2021 and the denominator is the value of the gift as finally determined for gift tax purposes. Practitioners using this technique should refresh their understanding of this area of gift tax law to determine whether a particular strategy is likely to succeed.
5. Forgive a Portion of a Bona Fide Loan.
In specific circumstances, a client with existing and bona fide intra-family loans in place could choose to forgive such a loan to the extent of the client’s available gift tax exemption in 2021 as finally determined for gift tax purposes. Clients considering this strategy could also simply want to wait to forgive the note until 2021 estate tax reform comes into sharper focus.
6. Installment Sale of Assets.
Building on the concept of loan forgiveness above, a client could sell assets to an irrevocable trust in exchange for a down payment and a promissory note. Treating the transaction as an installment sale could allow the grantor to forgive all but the amount of principal in excess of the 2021 gift tax exemption.
The content of this blog is offered by HORAN Wealth Management, an SEC registered investment advisor. Ms. Costa is an employee of HORAN and a recognized expert in estate planning but does not manage investment advisory solutions. This information is not intended as legal advice or as a substitute for the particularized advice of your own counsel and should not be relied upon as such, as the advice appropriate for you will be dependent upon the particular facts and circumstances of your situation. The transmission or receipt of this information does not create an attorneyclient relationship. We provide links to other sites that we believe may be useful or informative. These links to third party sites or information are not intended as and should not be interpreted by you as constituting or implying our endorsement, sponsorship, or recommendation of the third-party information, products, or services found there. Neither the information nor any opinion expressed constitutes a solicitation to use our services, or to purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results. Market conditions can vary widely over time and there is always the potential of losing money when investing in securities. HORAN and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only and is not intended to provide and should not be relied on for tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.
Looking for more insights?
Check out Andrea's Estate & Tax Planning blog "Legacy in Focus" by visiting www.horanassoc.com/insights
Estate Planning Considerations for All Individuals DO YOU HAVE AN UPDATED WILL? 67% of U.S. adults do not have a will and those ages 18-34 are 16% more likely to have a will than adults ages 3554.* If you die without a will, your estate will be probated which can be timely, expensive and public. HAVE YOU REVIEWED YOUR BENEFICIARY DESIGNATIONS? Some common assets, including life insurance and annuities, transfer to the specific individual(s) identified in the contract (the beneficiary). Beneficiaries of other assets, such as retirement plans and brokerage accounts, are identified through other processes. They all generally supersede what your will may say, making it critical that they are reviewed regularly and updated as needed. DO YOU HAVE ALL OF YOUR RELEVANT DOCUMENTS PROPERLY STORED IN ONE SAFE PLACE? These include wills, deeds, birth and marriage certificates, banking and investment account numbers, and contact information for your financial advisor, attorney and accountant. They should be secured and shared with a person that you trust. *According to the 2021 Wills and Estate Planning Study performed by Caring.com
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A Benefits Checklist to Prepare You for Life's Biggest Milestones If you’ve ever experienced a big life event (marriage, career change, etc.) you know the documentation updates associated can be a huge headache. It’s honestly enough of a hassle to put off the paperwork for months and months. Whenever you experience a “qualifying event”, if your employer offers health insurance, you are able to enroll or update your enrollment elections—even if the official open enrollment period has ended. We know navigating the benefit changes associated with life changing events can also be difficult to navigate. But we can help! Earlier this year the "Benefits: What, Like It’s Hard" podcast hosted a series to provide actionable steps to help eliminate some of the challenges that come with life changing events. Below are tips on how to navigate some of life's milestones.
Turning 26
Getting Married
As a result of the Affordable Care Act, individuals can stay on their parent’s employer-provided health plan until their 26th birthday. For individuals nearing 26 and still on their parent’s plan, here are a few things to consider:
Walking down the aisle is certainly one of the most exciting days of your life, but it also leads to a big benefits decision. Do you and your partner both stay on your own employer’s plan? Or does it make sense for one of you to switch plans?
Check with your parent’s health insurance provider to learn exactly when your coverage ends. Give yourself plenty of time (at least 30 days before your birthday) to understand all the options available. Ask your employer what documentation you need and what the enrollment process looks like. Listen to "Benefits: What, Like It’s Hard" to educate yourself on benefits basics!
It’s helpful to do a side-by-side comparison of your options. Make sure to compare not only medical plan options but also other lines of coverage such as dental and vision. Here are a few things to consider: how will your monthly premiums change? What will happen to your deductible and out-of-pockets costs? Most health insurance plans require you to make any changes 60 days after your wedding date. If you miss that deadline you will have to wait until the next open enrollment period to make any updates. Review and/or update your beneficiary(ies) on all your accounts. Now is also a good time to evaluate your life insurance coverage and your spouse's.
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"Benefits: What, Like It’s Hard" is the number two health insurance podcast in the country. With a library of almost 150 episodes and a five-star rating, you are sure to find some helpful benefits tips. Subscribe to the podcast using your favorite listening app today!
New Baby
Changing Jobs
Expecting moms and dads-to-be know there is a long list of to-dos to check off your list when preparing for your new bundle of joy! Make sure to add signing up your new baby for health insurance to that list.
Starting a new job is an exciting time, but it can also be overwhelming. Not only do you have to learn about your new role, you also have to learn about the new benefits being offered to you and how to enroll.
Do a side-by-side comparison of your options. Make sure to compare not only medical plan options but also other benefits such as dental and vision. Make sure to have all the documentation available— you will most likely need the baby’s birth certificate and Social Security number. Review and/or update your beneficiary(ies) on all your accounts. Consider enrolling in a Dependent Care Flexible Spending Account if available. Evaluate your life insurance needs—most individuals need coverage beyond what is offered to them by their employer. Even if you’re not yet expecting but plan to grow your family soon, consider enrolling in your employer’s short-term disability plan. It’s never too early to think about college. Consider opening a 529 plan and start investing toward your baby’s future!
Most employers have a waiting period before new employees can qualify for health insurance coverage. During that time, individuals can choose between COBRA insurance or a short-term health insurance policy to help fill the gap in coverage. When the time does come to enroll in benefits, give yourself time to evaluate all plan offerings and consider factors like premiums, deductibles and out-of-pocket expenses. Review your new employer’s retirement plan offerings including any matching contributions and investment opportunities. Consider consolidating your “old” 401(k) with your “new” 401(k) by rolling over the balance. Or, moving those assets to an IRA may be a better option. Review your new employer’s group life insurance and if it’s not enough, perhaps supplement with individual life insurance. If you change careers often, individual life insurance stays with you regardless of your employer. www.horanassoc.com
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WORKING KNOWLEDGE
Get Outdoors! SEVEN Great Spots to Visit this Summer After a year spent safely inside, let’s get outdoors and enjoy the summer. While these are just a few options for your family to enjoy, the activities our region has to offer are endless!
Dayton Art Institute One of our favorite spring traditions at HORAN is visiting the Dayton Art Institute to view the iconic blossoming cherry trees. HORAN donated and planted 20 trees at the museum as a part of the Operation 2000 Cherry Tree Project in the fall of 2016. www.operation2000cherrytrees.com Photo Credit: Eric Brockman
Cincinnati Art Museum Located in Eden Park, the Cincinnati Art Museum features a diverse, encyclopedic art collection of more than 67,000 works spanning 6,000 years. In addition to displaying its own broad collection, the museum hosts several local, national and international traveling exhibitions each year. Currently, their signature steps feature pieces from the Pyramid Hill Sculpture Park and Museum. www.cincinnatiartmuseum.org Photo Credit: Pyramid Hill Museum & Sculpture Park
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ArtWorks The City of Cincinnati is an awe-inspiring colorful art gallery with aesthetic delights for residents and visitors around every corner. Take a walking tour to explore the City’s collection of murals. The tour guides will share the origin stories of different pieces and educate you on the rich arts and cultural scene of Cincinnati. www.artworkscincinnati.org/muraltours/
Levitt Pavilion Dayton The Levitt Pavilion Dayton is in the heart of downtown Dayton located just blocks from both RiverScape MetroPark and the Oregon District. This outdoor live music venue offers 50 free, familyfriendly concerts each summer. The venue announced their summer concert schedule on May 20. www.levittdayton.org
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WORKING KNOWLEDGE
Pack a Picnic & Head to the Park Devou Park This hilltop park in Covington, Kentucky, provides scenic panoramic views of the Cincinnati skyline and Ohio River valley. Lower amongst the hills, visit the Behringer-Crawford Museum to learn about the heritage of Northern Kentucky.
Cincinnati Nature Center Located on a nature preserve in the heart of Clermont County, the Cincinnati Nature Center features award-winning trails that wind through the region’s natural habitats of Eastern deciduous forest, fields, streams and ponds. Rowe Woods spans more than 1,000 miles and offers 16 miles of hiking trails. www.cincynature.org
Fleet Feet Running Clubs The Fleet Feet running clubs are professionally coached to help you reach your personal training goals. Train with a like-minded group for the Flying Pig Half & Full Marathons or workout with a group designed for beginners to help make crossing the finish line a fun achievement. www.fleetfeet.com/s/cincy/training
Summit Park Located in Blue Ash, Ohio, Summit Park features a weekly farmers market on summer Wednesdays and an observation tower with a deck as high as 126 feet where you can see the Kings Island Eiffel Tower. Additionally, the Cincinnati Opera will be holding its 2021 Summer Festival at the park from July 11-31.
Bellbrock Park Bellbrock Park is the center of the local historical heritage in Bellbrook, Ohio. Across the street from the Bellbrook Museum, the park holds many community events such as Music Nights in the Old Village each Friday through September.
Warren County ArmCo Park Nestled in the rolling hills of Warren County, Armco Park is on historical property and features a golf course, access to a lake for fishing and boating and a plethora of sports activities.
Cincinnati Zoo & Botanical Garden As the Greenest Zoo in America® and the second oldest zoo in the country, the Cincinnati Zoo & Botanical Garden is an international leader in the protection of endangered animals and plants. The Zoo recently achieved Platinum LEED certification for its new Roo Valley habitat, an exhibit featuring kangaroos and little blue penguins that opened in 2020. www.cincinnatizoo.org Photo Credit: Lisa Hubbard
Aldersgate Park Aldersgate Park in Marysville, Ohio, features a walking path around a pond and a picturesque gazebo that is perfect for a family picnic.
Parky’s Farm at Winton Woods Parky’s Farm is an educational farm located within Winton Woods. A perfect location for a family outing that includes indoor and outdoor playgrounds, picnic shelters, gardens and animals. www.horanassoc.com
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FORWARD THINKING
We’ve Moved! Twice! In the last edition of the HORAN magazine, we announced our expansions in the Dayton and Columbus markets. Since then, both teams have settled in and continued to provide specialized expertise to our clients. Here’s a look at the work that’s been done to renovate both locations. We look forward to hosting clients, partners and friends at our new offices soon.
Dublin Office Renovation Timeline
October 2020 Demolition began on the office space.
December 2020 A fresh coat of paint on the walls before the new carpet goes in.
February 2021 The new office furniture gets installed.
March 2021 6805 Avery-Muirfield Drive is ready to host clients!
Dayton Office Renovation Timeline
December 2020 Aaron Reiff, VP of IT & Facilities, beginning demolition.
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January 2021 Demolition continues at 7475 Paragon Road.
February 2021 Construction begins as walls are reinstalled to create a collaborative work space.
March 2021 The concrete floor is sealed in the Paragon Conference Room area—perfect for hosting events.
May 2021 The furniture has been installed and the office is ready to welcome our employees.
TRENDING NOW
Volume 25
HORAN Reaches 102% of Goal for Annual ArtsWave Campaign HORAN employees recently participated in the company’s 26th annual ArtsWave internal campaign collectively raising $51,160, our largest contribution to date! We are proud to support Terence L. Horan, President & Chief Executive Officer of HORAN, as he serves as the 2021 ArtsWave Community Campaign Chair. Our semi-virtual campaign consisted of virtual happy hour trivia, virtual silent auctions, a sports team spirit day and a socially-distanced block party with a Masked HORAN Singer competition.
Jodi Fritsch, Rachele Wolf and Chris Huggard enjoying an afternoon of festivities.
Lauren Peter, 2021 ArtsWave Internal Campaign Chair, dressed as an FC Cincinnati soccer player!
The Lion sang “The Lion Sleeps Tonight” before being revealed as Chris Pratt.
The Wolf singing to “Werewolves of London” before his identity was revealed as Tim Powell.
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health.wealth.life.
CLIENT SPOTLIGHT
CordenPharma's corporate culture rooted in TEAMWORK CordenPharma is a global partner in the development and manufacturing of advanced pharmaceuticals. With two locations in Colorado, CordenPharma’s mission is to strive for excellence in supporting global pharmaceutical and biotechnology customers with high quality products for the wellbeing of patients. The Colorado team is driven by their mission to help advance health care through the production of lifesaving drugs. CordenPharma’s talent acquisition efforts are centered around this mission, hiring employees who want to make a true impact.
“Our people are talented, dedicated and they work well as a team. That is truly our key differentiator,” said Brian McCudden, Managing Director, President & CEO at CordenPharma Colorado.
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CordenPharma provides a premier health and retirement benefits package to support their employee recruitment and retention efforts. “It is important to us that we are competitive with our benefits and offer our employees the best benefits package out there,” said Debra Capra, Human Resources Director at CordenPharma Colorado.
Volume 25
CLIENT SPOTLIGHT
“HORAN enables us to be consistent in our mission by working towards the wellbeing of our employees," said Capra. McCudden attributes the company’s success to the dedication and teamwork of its employees as well as its ability to leverage advancements in technology. The culture at CordenPharma creates a common language and synergy between chemists, process engineers, environmental health and safety, mechanics, operators, project management, quality control and the operations staff. Together they can scale and increase production of extremely complex drugs that really make a difference in health care. Recently, CordenPharma’s production process was put to the test. Moderna, a CordenPharma client, was working on a COVID-19 vaccine and needed an ingredient to be produced at a higher rate than usual. McCudden recognized the global impact this vaccine could have and quickly put together a cross-functional team. Within three months, the specialized individuals were able to speed up the production process by
Julie Tople, CBC
Senior Account Manager — Dedicated to CordenPharma's Health Benefits Strategy
several-fold which helped support Moderna’s accelerated distribution timeline. The team will be able to apply these same principles to the production of other drugs including those that improve the quality of life for patients living with diabetes, cancer, progeria and other diseases.
Jen Daly, CPFA
Relationship Manager — Dedicated to CordenPharma's Retirement Plan Strategy, Registered Representative www.horanassoc.com
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Celebrating 25 Editions of health.wealth.life. Magazine
Horan Securities, Inc. (Horan Wealth Management) is dually registered as a Registered Broker/Dealer and as a SEC Registered Investment Advisor, member FINRA/SIPC. Horan Capital Advisors, an affiliate of Horan Securities, is also a SEC Registered Investment Advisor. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results. Market conditions can vary widely over time and there is always the potential of losing money when investing in securities. Investors should always review the history of any broker-dealer representative with FINRA at: https://brokercheck.finra.org/. Investors can also check information regarding any Registered Investment Advisor by obtaining a copy of Form ADV or Form CRS at adviserinfo.sec.gov. Investors should also review SEC investor resources at: https://www.investor.gov/.
