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.
There’s no question LN readers are in-the-know, so who better to ask about the things that make St. Louis stand out and stand proud? Here, we present the very best, as selected by our readers, in the 2014 Ladue News Platinum List!
To assist in the areas where legalities and finances overlap, family law firm Hais, Hais, Goldberger & Lambson has brought in a new, dual-role team member: a legal professional who also is a certified divorce financial analyst.
More than 16 million people in the United States were victims of identity theft in 2012, according to the Department of Justice. But identity theft isn’t inescapable, according to local finance experts.
It stands to reason, the higher your net worth, the better off you are today and for the future. While this may be true, local advisers say what's more important is that your net worth shows whether you’re on track to reach your personal goals.
What if your family was faced with the sudden loss of a loved one, and you were responsible for gathering all the pertinent paperwork at a moment’s notice? That’s exactly what happened to Richard Fox when his father unexpectedly passed away.
When Adrian Bracy took on her leadership role at the YWCA four years ago, she was told that the organization was one of St. Louis’ best-kept secrets. To that, she responded, “Well, we don’t want to be a secret anymore!”
Whether you’re planning for marriage, a home purchase, the birth of a child, a college education or retirement, Wells Fargo Advisors has resources to guide you each step of the way. “We have the ability to help clients through practically every financial decision in their lives, at their pace,” says Seth Barnes, senior VP and Frontenac branch manager. “All the while, our most important goal is to help them succeed financially.”
Reliance Bank is defying the sluggish economy. Following a two-year turnaround and a $31-million capital campaign led by chairman Tom Brouster, the personal and business banking institution has expanded its leadership team and set its sights on the 2014 opening of two new branches—in Frontenac and The Grove.
At its most basic level, The Press Club of Metropolitan St. Louis is a social, professional and charitable organization, with members ranging authors to editors. And the original club creation can be credited to catfish.
As leaders of their households and in the community, women play a vital role in the health of those around them. Each year, St. Luke’s Hospital Healthy Woman Award celebrates women who not only stay active in improving their own health, but also inspire better health in others. Here, read more about what makes this year’s winners healthy role models.
All diagnosed cases of Alzheimer’s disease are marked by dementia, but not all dementia is caused by Alzheimer’s disease. In fact, there are more than 100 known causes of dementia, defined as “chronic or persistent disorder of the mental processes caused by brain disease or injury and marked by memory disorders, personality changes and impaired reasoning.”
You’ve been working hard to achieve your financial goals, dreaming of the days when you will be able to enjoy retirement. But are you doing enough now to ensure you can maintain your accustomed lifestyle into the future? Here, local financial advisers share the most important factors when it comes to setting aside money today for a brighter tomorrow.
You can’t take it with you. That’s why as Sam Simon, co-creator of TV's The Simpsons, faces a terminal cancer diagnosis, he reportedly is giving away his tens of millions to charity. Like Simon, many St. Louisans are planning to leave a legacy through their charitable impact long after they’re gone. But how can you ensure your name will live on through the things you really care about?
Jennifer Reiss and Jerred Killoren
Imagine experiencing an accident that leaves you unable to communicate last wishes for your health, your possessions or even your children. While there are a multitude of documents available to curtail the problems, many fail to consider completing them until later in life—when it may be too late. The reality is people of all ages need to have at least one of the following papers on hand: a last will, a living will or a living trust, according to local attorneys. But how do you know which is best for you?
They say two heads are better than one, yet many people stick to the norm and hire a single person to control their financial future. Unlike the traditional model, full-service firm Private Wealth Management (PWM) provides clients with a team of financial experts, each in their own area of expertise working to assist clients in whatever way necessary.
Michael McMillan piled up a large sum of leadership roles after he became the youngest person ever elected to the St. Louis Board of Alderman; and seven years ago, his clout multiplied tenfold when he was voted in as the license collector for the City of St. Louis.
Reliance Bank has turned over a new leaf. The personal and business banking institution recently emerged from major losses during the recession to become a profitable player ready to meet the community’s finance service and lending needs. And expansion is even in the works, with a new branch set for the prime intersection of Clayton Road and Lindbergh Boulevard.
Despite scandal, off-shore bank accounts exist, offering financial benefits—or that’s the assumption. With new regulations in place, the realm of legitimate off-shore banking is changing to smoke out tax evaders.
After the initial veil of financial hysteria lifted, the economic chaos of 2008 made a little more sense. Area professionals, as well as recent study results, weigh in on what we should do from here.
Creating good by giving back is a gift to yourself, local financial advisers say. But before making a major donation to support your favorite cause, heed the following pieces of advice to avoid scams, maximize that gift and leave a lasting legacy of philanthropy.