Archive for April, 2013

Company creates finance jobs in Tampa

Wednesday, April 17th, 2013

A company is expanding and generating more finance jobs in Tampa.

Rutherford Asset Planning (RAP), an independent, fee-only wealth-management and financial planning firm with offices in New York City and Naples, Florida, has opened a new office in Tampa.

The office will be headed by Keith Amburgey.

“We saw an opportunity to take the successful business model we had established in Naples and contour it to the Tampa market,” says Amburgey, who notes that independent, client-focused firms catering to high net-worth families are a rarity in the Bay Area.

RAP accepts no commissions, rebates or any other type of soft money. “That means that we are always working solely on our clients’ behalf, because we have no incentive to purchase a particular product,” Amburgey explains.

The firm does tax preparation, bookkeeping services and advice on purchasing insurance products as well. Accounts are held by independent, third-party custodians, which can be accessed on a 24/7 basis via RAP’s secure web portal.

Rutherford Asset Planning is one of only a handful of firms in central Florida belonging to National Association of Personal Financial Advisors (NAPFA), the country’s leading association of fee-only financial advisors. The company principals share a high level of education and professional expertise in the financial and legal fields, and their client-friendly investment approach is a particular matter of pride—one reason why the firm has repeatedly made Worth magazine’s list of the country’s top wealth advisors.

A Chartered Financial Analyst (CFA) and Certified Financial Planner (CFP), Keith Amburgey has been a member of the team since 2009, when he joined RAP after a 16-year career in Morgan Stanley’s Institutional Securities Division. He recently relocated with his family from New York to Florida to open the Tampa branch.

Tampa unemployment drops

Tuesday, April 2nd, 2013

Tampa unemployment has dropped, according to the latest labor market figures.

Florida’s seasonally adjusted unemployment rate was 7.7 percent in February
The February rate was down 0.2 percentage point from the revised January
rate of 7.9 percent and was 1.3 percentage points lower than the year‐ago rate of 9.0 percent. There were 729,000 jobless Floridians out of a labor force of 9,427,000. The U.S. February unemployment rate was 7.7 percent. Florida’s unemployment rate was tied with the national rate in February.

– The number of jobs in Florida was 7,479,700 in February 2013, up 128,100 jobs compared to a year ago. February
2013 was the 31st consecutive month with positive annual job growth after the state lost jobs for over three years.
The industry gaining the most jobs was leisure and hospitality (+41,500 jobs, +4.2 percent).
– Other industries gaining jobs included trade, transportation, and utilities (+37,600 jobs, +2.5 percent); professional
and business services (+24,700, +2.3 percent); private education and health services (+24,100 jobs, +2.2 percent);
financial activities (+4,700 jobs, +1.0 percent); construction (+3,200 jobs, +0.9 percent); other services (+3,200 jobs,
+1.0 percent); and manufacturing (+1,800 jobs, +0.6 percent).
– These industry job gains were partially due to increases in food services and drinking places; motor vehicle and parts
dealers; services to buildings and dwellings; ambulatory health care services; real estate; construction of buildings;
membership associations and organizations; and transportation equipment and food manufacturing.
– Industries losing jobs over the year included total government (‐11,100 jobs, ‐1.0 percent) and information
(‐1,700 jobs, ‐1.3 percent).
– These industry job losses were partially due to declines in local government and telecommunications.

In February 2013, Monroe County (4.2 percent) had the state’s lowest unemployment rate, followed by Walton County (5.1 percent), Okaloosa County (5.5 percent), Alachua County (5.6 percent), and St. Johns County (5.8 percent). Many of the counties with the lowest unemployment rates were those with relatively high proportions of government employment. Strong population growth was also a contributing factor.