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Why planning for an exit matters

2 years 10 months ago
Like many business owners, “Rich” spent much of his decades-long career focused on the day-to-day operations of running a company. He saw the business as an extension of his family, with the tacit assumption that his daughter would one day take the helm. That day never came, and when Rich decided it was time to retire, he needed to sell the company. He convened a team of advisors – including a Certified Exit Planning Advisor, or CEPA – to help prepare for a sale. Since Rich was well aware…
Jeff Morrison

Preparing for a demographic shift in wealth management

2 years 10 months ago
For years, economists and wealth strategists have looked to 2030 as a key milestone for retirement and estate planning. That’s when, according to the Census Bureau, all members of the baby boomer generation will have reached the traditional retirement age of 65. The financial services industry refers to this period as the “Great Wealth Transfer” because we’re seeing major age and gender demographic shifts among those coming into, and managing, wealth. To build on that, another statistic…
Angela Pearson

St. Louis Fed president's call for higher interest rate hikes 'realistic,' money manager says

2 years 10 months ago
Bullard, president of the Federal Reserve Bank of St. Louis, told Bloomberg News he wants a full percentage point of interest rate increases over the next three meetings of the central’s bank’s policy meetings, in light of the hottest inflation reading in nearly 40 years. Here's why one St. Louis money manager says Bullard introduced a 'a much-needed dose of realism' into the inflation debate.
James Drew

Illinois dropping mask mandate this month, but not in schools

2 years 10 months ago
Illinois Gov. J.B. Pritzker announced the state will lift its indoor mask mandate for most locations beginning Monday, Feb. 28. However, the change does not include schools. The governor made the announcement Wednesday after reports started circulating about the plan Tuesday evening. Starting Feb. 28, establishments no longer have to require masks indoors. However, Gov. Pritzker emphasized businesses and communities can continue to have their own mandates and mitigations, and the public should…
Sam Clancy & Dori Olmos, KSDK