“I asked Wharton students what they thought the average American worker makes per year and 25% of them thought it was over six figures. One of them thought it was $800,000. Really not sure what to make of this (The real number is $45,000),” tweeted Nina Strohminger, a professor of legal studies and business ethics … Read more
HealthAxis, a Tampa-based administrative processing services company for health care payers and organizations, received a growth investment from Revelstoke Capital Partners. McGuireWoods acted as legal counsel to Revelstoke. Shumaker, Loop & Kendrick acted as legal advisors to HealthAxis. The terms of the transaction were not disclosed. “HealthAxis and Revelstoke understand there is an urgent need … Read more
Tampa Bay Business and Wealth reached out to leaders in their respective industries to see what trends they are seeing and what they mean. Here’s what they had to say. BANKING & FINANCE By Chris Nichols, director of capital markets, SouthState Bank It’s never been harder to be in the economic forecasting business than it … Read more
Kevin Shukur has been named West Florida Market president for First American Bank. Effective immediately, Shukur will lead the West Florida corporate banking team and provide full-service banking from the bank’s Tampa headquarters. Most recently, Shukur headed up BBVA USA’s West Florida Market, having founded it in 2013. BBVA was recently acquired by PNC. “I … Read more
By Sarah Schelling Peet, Vice President, Senior Trust Officer, The Bank of Tampa It is impossible to predict the future, no matter how hard we try. Two years ago, I would never have guessed we would be weathering a global pandemic and all that has occurred as a result. But, professionally, thinking about and planning … Read more
By Sonya Ranker, president, Tampa division, Questmont Strategic Wealth Advisors It’s not about how much money your investments can earn … it’s about how much of the earnings you keep. Tax smart investing is critical to maximizing your returns and is about to become even more important considering the pending tax proposals. While most investors … Read more
By Jack Rybicki In 2020 and 2021, companies benefited from an unprecedented amount of federal and state support to help them weather the economic impact of the COVID-19 pandemic. The Paycheck Protection Program (PPP) helped nearly 11.5 million companies through the issuance of over $792 billion in forgivable loans. Many PPP borrowers are now breathing … Read more
By Patricia Entsminger, CPA/CFE/CIA and Kathleen Martin, CPA Thinking about a family office? There are many options to consider. A 2016 Ernst & Young survey estimated that there are 10,000+ family offices worldwide. Whether you’ve inherited your wealth or built it independently, having an expert team to help manage, advise and protect your legacy provides … Read more
By Chris Dhanraj, Managing Principal of Investments at CLA & Adam Bourk, Senior Wealth Advisor at CLA 2020 was the year of COVID. 2021 is likely the year of taxes. President Biden’s administration has passed, or proposed, three different spending programs approaching $2 trillion each, and on May 28 proposed a $6 trillion budget. The means … Read more
By Lantz A. Martin, CFP, ChFC, CLU, BT Wealth Advisors Goals are key for framing our own roadmap (your financial plan), but keep in mind how often life changes. Even if you recently retired, you still potentially have 20-30 or more years of life that your plan will need to adapt to. Along with your Certified … Read more