By Chris Dhanraj, managing principal of investments, CliftonLarsonAllen Wealth Advisors We made it through 2020 and businesses are looking toward a post-pandemic world with cautious optimism. We are frequently asked what trends to watch across both national and state business landscapes. Here are three of them. How have Florida businesses fared in the pandemic? Compared … Read more
By Chris Taylor, The Urie-Taylor Group, UBS Financial Services About a year ago, we were breaking the record for the longest-lasting economic expansion in U.S. history, with seemingly no end in sight. But all of this changed, in mere weeks, as the shutdown of the global economy turned record-low unemployment into record-high unemployment and threatened … Read more
By Kelly Kavanaugh To navigate the pandemic, businesses have had to adapt to survive. From remote work to cost-cutting measures, shifts from traditional approaches were essential to maintaining revenue streams. As we move forward, it’s likely remote work will remain part of many business models. Thus, now is a good time to consider how hiring … Read more
No one likes friction; no one likes it when your pant legs stick to your socks. It’s certainly not something you want between you and your bank. Frictionless Banking means to eliminate the pain points for clients to handle their banking needs, including not having to go into a branch. It is getting pretty rare … Read more
By Mary Lauritano, CFA, Senior Vice President–Wealth Management at UBS Wealth Management USA; St. Petersburg In a recent UBS report of women and wealth, Own Your Worth, the study showed that eight in ten women will, one day, be alone and solely responsible for their financial well-being due to increased life expectancy and divorce. Moreover, … Read more
MIND THE GAP For many highly paid executives, there is a significant gap between their total compensation and the benefit they receive from their company’s Long Term Disability plan. There are at least three areas that could lead to a significant income shortfall. Group LTD Benefits Are Capped Most group LTD Plans have a monthly … Read more
This three part series will deal with death, dementia and divorce and the devastating impact these three “Ds” can have on a marriage. While death often is mostly associated with older folks, it can strike at any age. Our experience shows that most spouses do not prepare for the financial and personal issues that ensue, … Read more
Life insurance is an important part of an overall financial strategy. Its many uses include protecting a family in case of a premature death, funding a buy or sell agreement between business partners and ensuring a family business passes successfully from one generation to the next. Policies, especially those for the affluent, are designed around … Read more
The news is full of lawsuits against retirement plans, regardless of size, because of the trustees’ failure to actively monitor plan costs, services and investment options. As the trustee of your corporate retirement plan you have a fiduciary duty to ensure that a documented monitoring process is in place to protect the interests of the … Read more
Each year, small-medium size business owners (“SMBs” – companies with annual revenues of $25 million or below) are surveyed and asked that question. With little deviation, year in and year out, here are the top five answers: Loan Officer Turnover Don’t Understand My Business Never Calls on Me Asks Me for Too Much Stuff Price … Read more
