By Vicky Jung, CFP® and Mallon FitzPatrick, CFP® March 22, 2023 - A provision within the recently enacted Secure Act 2.0 may benefit those with an overfunded 529 and provide a new estate planning opportunity. The penalties are high if the funds
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IN the Office with Mallon FitzPatrick
March 20, 2023 - Principal and Managing Director, Mallon FitzPatrick was featured on InvestmentNews “IN the Office” discussing ‘Why current market conditions and regulations make this the ideal time to transfer wealth.’ “There’s two reasons right
Some Advisors Tell Clients To Limit Bank Deposits To $250K Per Bank
March 15, 2023 - Principal and Managing Director, Mallon FitzPatrick was featured in Financial Advisor Magazine coverage of what are advisors telling clients to do about their cash accounts with the recent bank failures. “Think of liquidity in terms
Reflections on Banking
By Jeanette Garretty, Chief Economist March 15, 2023 - My career in finance is almost exactly coincident with the deregulation of the banking industry. The Deregulation and Monetary Control Act of 1980 allowed depository institutions a freer hand
Robertson Stephens’ Garretty Reacts to US CPI
March 15, 2023 - Chief Economist and Managing Director, Jeanette Garretty appeared on Bloomberg to discuss the latest US CPI data and banking sector turmoil. “There's always systemic risk when it comes to banking. It is embedded in everything that we
Money Market Funds
By CIO, Stuart Katz March 13, 2023 - During the April 2020 COVID market meltdown, there was an increasing number of questions regarding money market funds. It seems we are “back to the future.” Below is the Investment Office’s summary of several
Catalysts, Consequences, Contagion (Triple CCC)
By Stuart Katz, CIO March 10, 2023 What Yesterday, bank stocks declined, triggered partly by an item on the list of SEC disclosures by SVB Financial (stock declined 63%), owner of Silicon Valley bank (the 16th largest bank in the US with
Financial Planning For Couples Who Totally Disagree
March 1, 2023 - Principal and Managing Director, Rick Polenske was featured in Financial Advisor Magazine discussing ‘Financial Planning For Couples Who Totally Disagree.’ Polenske shares, “They will have to go home and iron out the differences, but
How much ‘Cash’ do you need in 2023?
By Mallon FitzPatrick, CFP February 28, 2023 - The onset of the new year brings new trends and, with them, questions. More and more clients have asked, 'how much should I hold in cash?'. Given 2022's market turbulence and that forecasts of
Managing Your Online Presence Before You Pass Away
By Karen McClintock, CFA February 22, 2023 - Just as you set up a living trust, it’s a good idea to set up your online accounts so that someone else can access them after you’ve passed away. It’s no fun to think about a day when we’re no
