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Fourth- and fifth-grade students at Chesterfield Day School created trendy Rainbow Loom bracelets and rings to donate to St. Martha’s Hall, which provides shelter for abused women and their children. Math teacher Susie Sullivan had students use a donated loom and twist bands to create the popular jewelry, and the class also donated the loom to the organization.
St. Louis Bank welcomes STEPHEN CALLOW as senior VP of commercial lending. Callow has 28 years of commercial banking experience in the St. Louis area, including senior-level management.
Daring color is in the air this fall. F. Schumacher is calling fuchsia this season’s ‘it’ color and the perfect upbeat alternative or complement to neutrals.
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?
Play: The Lyons
Story: Ben Lyons is dying of cancer. He’s confined to a Manhattan hospital room, where a nurse periodically checks in on him. His wife of 40 years, Rita, sits in a chair by his bedside, thumbing through a magazine. He asks about his adult daughter Lisa, a recovering alcoholic, but couldn’t care less about his grown son, Curtis, a despised homosexual.
Proper communication is widely attributed as a trait of a healthy marriage, but it appears something has been lost in translation. When asked about investment decisions, 38 percent of married women surveyed declared themselves the primary decision-maker—but merely 5 percent of their husbands agreed, according to a study by BMO Private Bank.
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.
Amid the flurry of day-to-day operations, the future plan of a business often is placed on the back burner. But local financial advisers note that nothing can be more important for a company to address than its succession plan. And with the Corporate Executive Board reporting that only about a third of business owners who intend to exit their company in the next five years have a succession plan, advisers stress the time to start preparing is now.
Barry Feldman of First Bank
How wonderful to be able to build a 25,000-square-foot home that can be used as a presidential retreat, host the royal family or just entertain luminaries of the day. That is just what Walter (1908-2002) and Leonore (1918-2009) Annenberg did in Rancho Mirage, Calif., building what is arguably the most significant contemporary home in the 1960s.
Assistance League of St. Louis has elected VICKI KEARNEY as its new president. Kearney previously served as VP of fund development for the organization, which donates school uniforms, care packages and other community services to the needy.
“One of the most important professional relationships a client will have is with their financial advisor,” says Carole Wentz, branch manager overseeing Merrill Lynch’s St. Louis Metro Complex. As such, she says, it’s a decision not to take lightly. “They should choose someone they trust and are comfortable with. A trusting client-advisor relationship is key to success, and it’s so much more than just investment performance. They should really have someone who helps them identify and set their goals, and who works with them holistically.”
Central Table Food Hall is one of the latest additions to the CWE dining scene. During the day, diners can head to one (or more) of the stations and order lunch, but in the evening, the eatery transforms with seated dining.
Story: Wealthy art dealers Flanders and Ouisa Kittredge have invited an important contact named Geoffrey to their swank New York City apartment to hopefully make a tidy $2 million profit on a Cezanne they’re selling. While the three of them converse, a young black man knocks at the door. He tells Flan and Ouisa that he is a classmate of their children at Harvard and that he’s in town awaiting the arrival of his dad, noted actor Sidney Poitier, who will be directing the film version of Cats.
This Georgian-style brick home is now operated as a decorative arts and history museum. No other home in the region boasts this type of fine craftsmanship.
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.
I have always advised clients to find a home they love, and the owners of this Ladue home state it most succinctly when asked why they chose to move here 20 years ago. “It had great curb appeal and a stately appearance—like a lovely woman who has aged gracefully, showing the wealth of her experience yet still radiating grace and beauty.”