Ever since the advent of the Internet, the World Wide Web has truly spanned the globe, fostering cross-border communication ranging from political discourse to lip sync videos and helping to …
How to support adult children during the pandemic
The year 2020 has been unpredictable, humbling, and downright painful for many people around the world. Young adults just entering the workforce have been especially hard hit. Millennials are now …
Cultivating Resilience: Lessons from Rowing the Atlantic with Max Breet
Have you ever rowed a boat? Exhausting, right? Now imagine rowing 3,000 miles across the Atlantic Ocean! That’s exactly what Max Breet and his four-man team did to beat 34 …
Cresset Hires Randy Conte as Chief Operating Officer of Cresset Asset Management
Conte brings extensive leadership experience in the financial services industry, with previous roles as President of Parkway Bank and Trust, and COO / CFO of MB Financial Bank. CHICAGO – …
What Gold Can Do for Your Portfolio
Is gold a haven, or a risk asset? This question rekindles my memory of an old Saturday Night Live sketch in which a husband (Dan Ackroyd) and wife (Gilda Radner) …
What Would a Biden Presidency Mean for the Markets?
Polling data currently indicate former vice president Biden is leading President Trump nationally as well as in several key swing states. According to PredictIt, a political outcomes futures exchange, Biden …
Cresset Names Barbara Young as Co-Head of Family Office Services
Young joins Bill Rudnick in leading the Family Office Services group at Cresset, which has grown to $9.8 billion in assets under management in less than three years. CHICAGO – …
Six Tips for Creating a Letter of Wishes
When developing an estate plan, many of our clients get so consumed by the “what” of that plan that they can miss the bigger picture. Who gets what in terms …
The Creative Destruction Wrought by COVID-19
Since the pandemic precautions hit the economy in March, nearly 20 million American workers have been sidelined. The leisure and hospitality industry saw 4.7 million lost jobs, the transportation and …
How and when to plan for the sale of a business amid the pandemic
In response to the current pandemic and resulting economic crisis, many business owners are laser focused on doing everything they can to make sure their businesses are operating as efficiently …
When Worlds Collide: Reopening Euphoria Meets Q3 Headwinds
The global COVID-19 pandemic has prompted investors to view equities like bonds. They are considering which issuers will likely survive a prolonged shutdown and which ones won’t. As a result, …
Changing Domicile: How to Effectively Change State Tax Situs
More than ever, we are a mobile society. Many people live, work, invest, and spend time in multiple states. As freeing as that flexibility is, during tax time, this new …
Which Risks Are You Willing to Shoulder to Maximize Yield?
Finding acceptable income in today’s low-yield world is an arduous endeavor. That’s because the fixed-income market is the most liquid and efficiently priced market in the world. That means that …
Fed Hosts Long-Running Zombie Jamboree
Equity and bond investors, despite the troubling economic backdrop imposed by COVID-19 lockdowns, are enjoying trillions of dollars of central bank buying of government bonds, mortgages, individual corporate bonds and …
Will the Fed Know When to Say ‘When’?
Congress handed the keys to the monetary printing press to America’s central bank in 2008, when lawmakers granted the Federal Reserve the ability to pay interest on excess banking reserves. …
Cresset and PagnatoKarp Join Forces, Creating a $9.5 Billion RIA
Cresset now ranks among the largest RIAs in the country based on assets. CHICAGO – June 17, 2020 — Cresset Asset Management (“Cresset”) announced today it has combined with PagnatoKarp …
Inside the US Job Market
Last Friday’s jobs report was a stunner: the US Labor Department announced employers added 2.5 million net new jobs in May, our nation’s best single monthly job report in history. …
Parsing Equity Market Indicators
Anyone looking at the equity market over the last two months wouldn’t have suspected the world economy was in suspended animation as countries battled a global pandemic. Belying America’s underlying …
Globalization Isn’t Dead, Just Different
Investors believe COVID-19 is the watershed event that marks the end of globalization. The pandemic laid bare the downside risk of global integration while legitimizing fears of foreigners and trade …
Selling a business amidst a global pandemic? Now what?
You’ve spent years building your business. After decades of hard work and sacrifice, you are finally ready to enjoy the fruits of your labor and take some “chips off the …
