July 13, 2017

Legislative Updates: Second Quarter 2017

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 »


July 7, 2017

Family Finances: Starting the Conversation About Generational Wealth Planning

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 »


July 6, 2017

June 28, 2017

Arnerich Massena is Excited to Announce Bryan Shipley, CFA, CAIA, Has Been Named Co-Chief Investment Officer

We are excited to announce that Bryan Shipley, CFA, CAIA has been named co-chief investment officer of the firm. He will serve alongside Tony Arnerich and share the responsibilities of chief investment officer, providing thought leadership and overseeing the firm’s investment strategy. Tony Arnerich has been working with Bryan for many years and has selected him to help drive the company’s investment approach into the future. Mr. Shipley, who joined Arnerich Massena in 2003, has had a key role in the development and maintenance of the firm’s investment philosophy and research process as head of traditional and real assets, and the move to co-CIO is a natural progression of his work. With a distinguished career of more than 19 years, Mr. Shipley is an accomplished and seasoned investment professional.

Photo by Edward Hermanson

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June 27, 2017

Arnerich Massena’s I AM Learning Partnership Hosts its First-Ever Summer Community Literacy School

“A student who is low-income and can’t read at grade level by the end of third grade is 13 times less likely to graduate from high school with their peers.” ~ Reading Results

Reading is fundamental to success and happiness, and one of the goals of Arnerich Massena’s I AM Learning Partnership is to help students who are struggling to learn to read. That’s why we are partnering with local non-profit Reading Results to host a summer community literacy school. This is a first-time event for us, and we’re very excited about the possibilities.

Students from Irvington Elementary, Boise-Elliott, King, and Sabin schools will join the I AM Learning Partnership and Reading Results for a six-week summer school program this summer. The program is offered to community families at no charge. Targeting 30 first and second-grade students who are not meeting Oregon state benchmarks, the summer literacy school will provide individual literacy support.

Kate DeGraw, Arnerich Massena’s community service coordinator, remarks, “The new partnership between the I AM Learning Partnership and non-profit Reading Results means that we can reach more students and develop a curriculum to meet individual student needs. Each student will receive very focused literacy intervention.”

Reading Results partners with schools serving low-income students to provide a proven reading intervention program. “We want to provide extra support to these students to make sure they are ready to go when school starts in the fall,” says Jennifer Samuels, executive director of Reading Results. “We’ll provide individualized reading instruction using a lesson plan designed to address any gaps in their knowledge and also to capitalize on the things they are good at.”

Reading Results evaluates children’s “opportunity gap” with individual assessments that make it possible to personalize curriculum. They will also conduct a final assessment at the end of the program to provide a report to the students’ principals and the school district. The goal is to show major gains in literacy.

Samuels adds, “It’s very exciting when multiple organizations align their services to support students to be great readers. That’s why we’re here.”

We look forward to providing updates on the program as it proceeds – stay tuned for more!

For more information about Reading Results, visit https://readingresultspdx.org/

For more information about Arnerich Massena’s I AM Learning Partnership, visit http://arnerichmassena.com/community-service/

 

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June 26, 2017

Extended Portability of Estate Tax Exemptions

There is nothing more terrifying to a young attorney than making a clerical error that ends up wasting a lot of the senior partners’ billable time. This is a difficult risk to manage, as every case has its own set of issues and deadlines, many of which the firm may be liable for if not handled properly. The one that got me as a young associate attorney was a missed estate tax deadline. Thankfully for me, so many attorneys across the country made the same error (and continue to do so), that the IRS has provided a “do-over” for all estates of individuals who have passed away since 2011. With the new IRS rules now in place, this error never would have happened. Read more »


June 15, 2017

Arnerich Massena Publishes New White Paper: Putting Your Mission First: Why non-profits are choosing discretionary advisory services

Putting Your Mission First: Why non-profits are choosing discretionary advisory services is the newest white paper offering from Arnerich Massena, providing research and a discussion about how a discretionary model of investment advisory services can benefit non-profit organizations. “A growing number of non-profit organizations are switching to a discretionary approach to investment services,” says Terri Schwartz, managing director of business development and contributor to the paper. “We want to help organizations understand why the shift is happening and what it may mean for them.” Read more »


June 13, 2017

Arnerich Massena Sponsors Polo Noir, the Event of the Summer!

Break out the derby hats and fancy summer clothes! Polo Noir is coming up on August 12, 2017 at the Hidden Creek Polo Club in West Linn, Oregon. This second annual Portland polo event promises to be festive and full of excitement. Activities will begin at noon and stretch into the evening, including two polo matches, a divot stomp, music, food, and Oregon wine. Polo Noir will feature a live musical performance from Bruce Hornsby and the Noisemakers and Redray Frazier! As with last year’s event, Polo Noir is committed to supporting the Children’s Cancer Association and Harper’s Playground. Read more »


June 6, 2017

Arnerich Massena’s Charitable Planning and Impact Investing Featured in Oregon Business Magazine

“Portland investment advisory firm Arnerich Massena helps high net worth clients grow their assets. Then, when it’s time, Arnerich Massena helps them share the wealth.” The Oregon Business Magazine article, featured in the June issue, illustrates two pathways for making an impact: philanthropic giving and impact investing, and explains how Arnerich Massena facilitates both. Read more »


June 1, 2017

Another Lawsuit Claiming Breach of Fiduciary Duty

The new lawsuit against the University of Chicago filed by retirement plan participants on May 18 in Illinois can serve as a reminder of the critical importance of fiduciary responsibility. Plaintiffs are suing the University of Chicago for breach of fiduciary duty, alleging that the college failed in its fiduciary duty, resulting in excessive administrative and investment fees and fund underperformance. The University of Chicago’s retirement plans in aggregate have over $3 billion in assets and more than 36,000 participants.

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