May 6, 2019

The (Extreme) Entitled Adult Child: What Can You Do?

Much has been written about the horrible means by which scammers are relieving senior citizens of their assets by playing on the senior citizen’s fears and/or confusion. The senior receives a phone call or an email from someone pretending to be a friend in need, a collections agent, an IRS agent, or a prince from some far-off country — then the senior gives that person money, access, or both. While these stories are terrible, they are rare compared to the far-more-common financial pressures that can come from one’s own family or inner circle. A client recently summed up these family pressures perfectly when he said that children’s dependence on their parents “can become pathological when the adult child develops a sense of entitlement, they feel they are owed a lifestyle just like their parents, and the parents do not have the skills to process this effectively with their adult children.” Read more »


May 3, 2019

April 29, 2019

Arnerich Massena Welcomes Shelly Kapoor as Director of Operations

Arnerich Masssena is excited to announce that Shelly Kapoor has joined the firm as director of operations. Ms. Kapoor will be responsible for firm-wide day-to-day operations and cross-departmental coordination of client and internal deliverables. She comes to us with more than 15 years of experience in the finance industry, and an additional five years of consulting, human resources, and operational experience (read her full biography here). We are very excited to have this talented professional and demonstrated leader on our team and looking forward to streamlining and elevating our operational capabilities – and ultimately better serving our clients. Read more »


April 26, 2019

Listen to Part 1 of Arnerich Massena’s Podcast: Investment Committees: More than the sum of their parts

In our recent white paper, Investment Committees: More than the sum of their parts, we look at why some investment committees generate better investment outcomes than others. We examine what elements can make a committee successful, and discuss group dynamics that can systematically undermine an investment committee’s decision-making ability. In part 1 of our accompanying podcast series, senior consultants Chris Van Dyke, CFA, CAIA, and James Ellis, CFA, go even deeper, bringing their 35 years of collective experience working with committees to the discussion. Read more »


April 23, 2019

Arnerich Massena Employees Tour Randall Children’s Hospital NICU

Randall Children’s Hospital at Legacy Emanuel Medical Center recently invited Arnerich Massena employees to tour their Neonatal Intensive Care Unit (NICU). Arnerich Massena’s Terri Schwartz, managing director of institutional services and business development, has served on the board of the Randall Children’s Hospital Foundation for two years and arranged the visit as an opportunity for Arnerich Massena staff to see directly the amazing work this facility is doing, much of it thanks to philanthropic donations from the community. Read more »


April 22, 2019

Arnerich Massena Publishes White Paper: Investment Committees: More than the sum of their parts

We are pleased to announce the publication of a new white paper: Investment Committees: More than the sum of their parts. The paper discusses how an investment committee’s ability to function as a team can impact the performance of their investment portfolio, and provides strategies for committees to strengthen their decision-making and group processes in order to ultimately improve outcomes. Read more »


April 19, 2019

Legislative Updates: First Quarter 2019

RETIREMENT ENHANCEMENT AND SAVINGS ACT & THE GOVERNMENT SHUTDOWN

As 2018 drew to a close, there seemed to be a real possibility that meaningful retirement legislation would be signed into law. After the November midterms, the prospects for passage of the Retirement Enhancement and Savings Act (RESA) legislation improved. Yet in late December, the stalemate over funding for a border barrier and the failure to reach a spending agreement eliminated the chances for a continuing resolution and resulted in the government shutdown. Another piece of legislation that will need to be reintroduced is the Receiving Electronic Statements To Improve Retiree Earnings (RETIRE) Act, which was designed to amend the Employee Retirement Income and Security Act (ERISA) and the Internal Revenue Code (Code) to allow plan documents required for participants, beneficiaries, and other individuals to be delivered electronically. Read more »


April 17, 2019

April 16, 2019

April 15, 2019

Tax Surprises? Here’s Why and What You Can Do About Them

That howling wind-like sound you heard at midnight on Monday, April 15 was accountants across the country exhaling at the end of what has been one of the most trying tax seasons many CPAs have ever worked through. The 2018 tax season has been particularly hard on accountants because, in addition to all of the data gathering and return preparation work that they do every year, this year many of them have had to serve another role: the bearer of really bad financial news. Taxpayers across the country have been surprised with their tax obligations under the Tax Cuts and Jobs Act and it is likely their CPAs who are explaining this system to folks for the first time. Today’s post will focus on some of the root causes of these tax surprises and propose a solution or two for those who owe more than expected.

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