The IRS has announced the contribution limits for 2017, which remain unchanged for the second year in a row. Most defined contribution plans and IRAs will continue to have the same limits on how much participants can contribute in 2017. The new contribution limits for 2017 are as follows: Read more
We’re excited to announce that Arnerich Massena will be hosting an upcoming Learn Share Connect event, “Charitable Giving Strategies and Estate Planning,” a luncheon forum to discuss trends in the world of philanthropy and estate planning. The event will take place at the Multnomah Athletic Club on Tuesday, November 15 from 11:30 – 1:30 p.m. Read more
Arnerich Massena representatives attended the Portland Business Journal’s Corporate Philanthropy Luncheon on Friday, October 14, where Tony and Christine accepted Arnerich Massena’s Innovations in Philanthropy award. The Corporate Philanthropy awards recognize businesses in the Portland community that are giving back, and it was fantastic to see the scope of the philanthropy recognized! Read more
On Thursday, October 13, Columbia Land Trust hosted its annual fall gala, “Wild Splendor,” which raised $285,000 to steward and protect important lands in the Columbia Basin. Read more
Arnerich Massena’s third quarter 2016 WebReport Market Update is available for viewing. In this WebReport, senior research analyst Arthur Coyne, CFA, provides a recap of the third quarter of 2016, covering domestic and global economic trends and events. To view the 3Q16 WebReport Market Update, visit http://arnerichmassena.com/about/investment-research.htm.
Not according to a recent issue of the Journal of Finance. “Do Institutional Consultants Add Value Picking Money Managers?” by Ben Carlson explains the Journal’s research, which suggests that mega-consultants (those with several hundred billion or more under management) may not offer much value to their clients when it comes to selecting money managers. “One of the problems is that these consulting firms are so concentrated at the top, with the top 10 firms controlling over 80% of institutional assets…When you’re that large, you almost have to invest in the largest money managers which ends up being a de-facto performance chase.” Read more
Tuesday, October 4th marked the first-of-its-kind regional Finance Expo hosted by the Portland Chapter of the CFA Society. The program featured a variety of exhibitors, speakers, and workshops, as well as a keynote address by President and CEO of the CFA Institute, Paul Smith, CFA. Read more
On August 2, 2016, the IRS issued a proposed regulation (REG – 163113-02) that may have a significant effect on estate planning, amending Sec. 2704 of the Internal Revenue Code. The proposed regulations would prevent taxpayers from discounting the valuation of assets being transferred to family. Currently, transfers of assets such as real estate or businesses to family members may be made at a reduced value for gift and estate tax purposes. The new law may make it more costly for families to retain family-controlled businesses, focusing on the treatment of lapsing rights and restrictions on liquidation in determining the value of transferred interests. Read more