Monthly Archives: July 2016

Arnerich Massena Sponsors the American Cancer Society’s Hope Ball & Polo Classic

The American Cancer Society is hosting its ninth annual Hope Ball & Polo Classic on August 20, 2016. One of Portland’s premier events, attendees will witness a world-class polo match before enjoying a gala dinner and silent auction. Arnerich Massena is a proud sponsor of this event, which will raise funds for the American Cancer Society to help prevent cancer, save lives, and diminish suffering from cancer. Read more »

Tony Arnerich Presents at the Markets Group 2016 Private Wealth Pacific Northwest Forum

Tony Arnerich was a featured speaker at the recent 2016 Private Wealth Pacific Northwest Forum. The event, hosted by Markets Group, was held on July 21, 2016 at the Columbia Tower Club in downtown Seattle, and was attended by a variety of industry professionals. This year’s all-day agenda focused on asset protection, succession planning, asset allocation, alternative investments, family governance, and philanthropic planning. Read more »

Behavioral Economics: Understanding your financial behavior

brain

Your brain is a remarkable tool. So remarkable, in fact, that it has established decision-making protocols and processes that are outside of your conscious awareness. Because you have to make millions of decisions daily, your brain has developed shortcuts to help it efficiently use available information to make choices without having to stop and walk through an entire rationalization process for each little decision you have to make.

This is great when you are, say, selecting a coffee drink at Starbucks; you wouldn’t want to have to look at all of your options and compare prices, calorie counts, taste expectations, etc. Your brain knows what you’ve liked in the past, what your budget is, and what your desires are, and can make a snap decision. However, these shortcuts can pose a problem when making more serious financial decisions. Read more »

Legislative Updates: Second Quarter 2016

congress

REVIEW OF FINAL FIDUCIARY RULE

In early April, the DOL released final rules regarding fiduciary standards to address conflicts of interest. In addition, the DOL issued a revised Best Interest Contract Exemption (BICE) and the final amendments to existing exemptions under ERISA’s prohibited transaction rules. The new rule expands the types of activities that trigger fiduciary status. Read more »