Arnerich Massena has been named a finalist for the Invest in Others Corporate Philanthropy Award in the advisory firms category. The firm is one of three finalists for this prestigious honor; award winners will be announced at the eleventh annual Invest in Others Gala on September 28 in New York City. The Invest in Others Charitable Foundation will donate $5,000 to the finalists’ charitable causes, and $25,000 to that of the winner. Read more
The Wall Street Journal reported that the average employer contribution to employees’ 401(k) plans rose from 3.9% of employee salaries in 2015 to an estimated 4.7% in 2016. This represents the largest jump since at least 2007 and is great news for savers. Employers cited a few important reasons for increasing their contributions, including improving recruitment and employee retention, as well as helping older employers afford to retire to make room for younger workers. Read more
Arnerich Massena is in the top three of the 2017 List of Oregon & SW Washington Money Management Firms published by The Portland Business Journal. The list is featured as part of The Portland Business Journal’s “2017 Wealth Management & Financial Services Guide.” Read more
Arnerich Massena’s second quarter 2017 MarketCast is available for viewing. In this MarketCast, senior research analyst Arthur Coyne, CFA, discusses global economic trends and events over the second quarter and first half of the year. To view the MarketCast, visit http://arnerichmassena.com/about/investment-research.htm.
Fiduciary Rule Effective
The Department of Labor’s (DOL) Fiduciary Rule went into effect on June 9, 2017. However, the DOL published field assistance bulletin 2017-02 in May that stated that, until January 1, 2018, they “will not pursue claims against fiduciaries who are working diligently and in good faith to comply with the fiduciary duty rule and exemptions, or treat those fiduciaries as being in violation of the fiduciary duty rule and exemptions.” Read more
In the U.S. today, many families are beginning the process of transferring wealth to the next generation. For parents, this can feel daunting, uncertain, and intimidating; it can be a long and challenging transition. Some families want to start earlier, while others prefer to wait: there’s no right way or time to begin the process. Fortunately, in either case, there are steps you can take to facilitate a smooth transfer of wealth. If you are unsure of how to open the dialogue, read on for some helpful ideas. Read more
Arnerich Massena sponsored Chamber Music Northwest’s recent “Romantic Works” concert at the Kaul Auditorium at Reed College. Chamber Music Northwest hosts chamber music concerts throughout Oregon and Southwest Washington, including summer and winter festivals. Read more