Frontenac Bank has hired KIMBERLY WEISHAUPT as senior VP of business development, and NEAL ALSTER as the Investment Professionals’ financial adviser.
In your 20s, saving for retirement likely is far from top of mind. Even as you get married, have kids and move up in your career, it still may seem part of the distant future. But local financial professionals recommend making investing a priority—at every stage of life.
Twenty years ago, four friends formed a fiduciary wealth management firm out of a lone Clayton office. Today, that firm’s focus on doing right by its clients has helped it grow to seven locations around the nation and $24.7 billion in assets under management.
When you prepare for your retirement, the focus is making sure you’ll be taken care of. But, are you ready to take care of someone else—such as an aging loved one—during that time?
What are you doing New Year’s Eve?
Think for a few moments about your financial goals—they might include saving for a comfortable retirement, preparing for your children’s college education, purchasing a primary or second home, or leaving a legacy to the broader community. Everyone has goals like these, even though they can sometimes take a back seat to day-to-day concerns. A financial adviser’s job is to help you clarify those goals and turn them into a reality, says Brian King, wealth manager at Plancorp. “The goals are set by the clients, and it’s our job to discover them. We’re here to do a reality check, look at those goals and educate our clients about opportunities to achieve them.”
Caring for an aging loved one can be a daunting task. And when that task becomes too difficult for family members, they often turn to a health-care provider. But how can a family determine the best type of long-term care for their relative?
Despite an economic recession, the nation's net worth has increased by $23 trillion during the past 15 years, according to the Federal Reserve. And as Americans' financial assets grow, many may be asking themselves, Where should I invest my wealth?
Imagine 100 people who start working at age 25. “By age 65, 1 percent will be considered wealthy; 4 percent will have enough money saved for retirement; 3 percent will still be working; 63 percent will be dependent on Social Security, friends, relatives or charity; and 29 percent will be dead,” says Alan Skrainka, chief investment officer at Cornerstone Wealth Management and author of the book Principle Based Investing: A Sensible Guide to Investment Success. “That’s frightening stuff. So I’m on a mission, trying to save the world—one investor at a time.”
When it comes to saving, things can get a lot more complicated than clipping coupons and knowing how to balance a checkbook. For many, adopting bad routines can stop the balance in your bank account mid-climb. Three area financial advisers spoke to LN about bad habits they see that can prevent you from building wealth—and how to break them.
Just call Richard and Kathie Winter an all-star team. Through the years, the pair has utilized their complementary talents for organizing signature events to bring in big dollars for a multitude of nonprofits.
Marilyn Bush recites a favorite quote by author and activist Alice Walker: The most common way people give up power is thinking they don’t have any. Bush, senior VP at Bank of America, is dedicated to empowering women to form strong relationships with each other while contributing to the community.
People are living longer, often creating more time to enjoy retirement. But with these additional golden years also comes the need to finance them. That’s why local financial advisers remind older adults that it’s never too late to plan for retirement.
U.S. News & World Report recently named St. Luke’s Surrey Place a ‘Best Nursing Home,’ rating it five out of five stars in its sixth annual Best Nursing Homes ratings. The facility competed with almost 16,000 nationwide to receive the recognition. St. Luke’s Surrey Place, located in Chesterfield, has 120 beds in skilled nursing, and 20 residential rooms for residents needing minimal assistance.
Northwestern Mutual is much more than an insurance company. Throughout the past 20 years, the firm has significantly expanded its capabilities to deliver comprehensive financial planning in addition to its solid, 150-year foundation of insurance management.
Elisabeth Burack and John Bradshaw
Financial advisers say it’s never safe to hedge your bets on any one investment vehicle. So as you assemble your financial toolbox, they recommend only certain investors sparingly add hedge funds as a tool to diversify their portfolios. “Hedge funds are not for every investor,” cautions Maurice Quiroga, executive VP and managing director at PNC Wealth Management. “But for ultra-high net-worth individuals, they can lower the risk of your overall portfolio of stocks and bonds.”
From the grocery store to the craft store, data breaches and cyber-attacks have become the digital pick-pocketing of the retail scene. What does this mean for the average consumer, and how are financial institutions responding?
The Harris-Stowe State University board of regents has appointed DWAUN WARMACK as president, effective July 14. He previously worked as Bethune-Cookman University’s vice president, the youngest in the school’s history.
Prudential Alliance Realtors is pleased to welcome MARGO BEGLEY to its newly created position of creative director. Begley joined the company seven years ago as a realtor.
From matching peepers to spitting-image smiles, readers sent in all kinds of doppelganger photos for our annual Mother's Day Look-Alike Contest. Our first-place winner won a full-service package from Dominic Michael Salon—including a manicure, pedicure, haircut, blow dry and makeup application—and second and third places took home a Dominic Michael blow-out or finish. Wish congratulations to our winners, and take a peek at our runners-up on the following pages. Happy Mother's Day, ladies!
Pinnacle Entertainment has named WARD SHAW as VP and GM of Ameristar Casino Resort Spa St. Charles, and CHRIS PLANT as VP and GM of River City Casino and Hotel. Shaw most recently served as GM of River City Casino and Hotel, while Plant worked as regional VP of finance and accounting.
St. Louis has a long tradition and belief in trusts, investment-holding companies that retain and manage assets for the benefit of heirs or institutions. According to St. Louis-based wealth management advisers, local institutions manage a few billion dollars in trusts annually.
As this year’s deadline approaches, there are a few tax deductions and credits personal homeowners should remember in the coming days:
Finding the right investment adviser is like achieving the perfect fit of a custom-tailored suit. Local experts share advice on selecting the best adviser for your financial lifestyle—whether the ever-fluctuating market is down in the dumps or flying high.