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Banking & Finance

SNAP commercial loan volume on track for record year

Organization hasn't recorded any defaults in past two years,financial stability director says
November 3, 2022
Erica Bullock
Increased demand for financial assistance at SNAP Financial Access led to a record $1.1 million in loans last year. This year, another record volume is within reach, says Karen Campbell, the organization's director of financial stability.
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—Karina Elias

Cash stuffing craze resurfaces

Placing money in envelopes, digital money buckets are among savings methods
November 3, 2022
Karina Elias
With inflation increasing the cost of everyday expenses, 'cash stuffing” has become the latest trend on the social media platform TikTok, and other budgeting tactics also are on the rise, Spokane financial advisers say.
Read More

Embrace Adaptation for post-pandemic recovery

Automation, outsourcing, simplifying tasks can aid growth in tough times
November 3, 2022
Donald Morgan
Before COVID-19 turned the whole world upside, some in the financial industry were preparing for the future. At Independent Wealth Connections, we started adapting six years ago. I wish I could say I had a crystal ball that predicted the ramifications o
Read More
—Virginia Thomas

Mercer Global Advisors builds on Hart Capital's reputation

Former Spokane-based financial advisory firm expands service offerings under new ownership
November 3, 2022
Virginia Thomas
Since Hart Capital Advisors was acquired by Denver-based Mercer Global Advisors Inc. in the waning moments of 2020, the investment advising office has added an array of services.
Read More

Financial strategies can optimize charitable giving

Tactics range from cash to bunching contributions
October 20, 2022
Mary Lago
According to Giving USA, Americans contributed $466.23 billion to U.S. charities in 2021, and 67% of that-$326.87 billion-was given by individuals, not corporations.
Read More

Epic Trust Financial acquires Stewart-Longhurst CPA firm

Spokane company retains staff, office, but changes name
October 6, 2022
Karina Elias
Epic Trust Financial Group LLC, a Richland, Washington-based accounting company, has acquired Spokane-based Stewart-Longhurst PS Certified Public Accounting, says Greg Stewart-Longhurst, the Spokane firm's co-founder.
Read More

Pinkerton Investments acquires national research company

Investment company adds new business lines at Cd'A offices
October 6, 2022
Erica Bullock
Coeur d'Alene-based Pinkerton Investments Inc., the parent company of Pinkerton Retirement Specialists LLC, has acquired W.E. Sherman & Co. LLC, a national investment research firm headquartered in St. Louis.
Read More

Inland Northwest title companies lean into headwinds

Industry leaders say downturn is inevitable, make moves to secure greater market share
October 6, 2022
Erica Bullock
Business for title insurance companies is down this year, caused by declining numbers of purchase and refinance transactions, representatives of title companies here say.
Read More
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Vega Cloud completes $9M funding round

Liberty Lake company to scale up cloud-storage optimization efforts
September 28, 2022
Staff Report
Liberty Lake Cloud Inc., which does business as Vega Cloud, has completed a $9 million funding round, the company announced this afternoon.
Read More
—Virginia Thomas

Exchange-traded funds grow in popularity for some investors

Few 401(k) plans include pooled investment security
September 22, 2022
Virginia Thomas
Exchange-traded funds are growing in popularity as a part of some retirement strategies, despite a general lack of ETFs in 401(k) plans, some financial advisers here say. Dustin Allbery, vice president of operations at Northwest Planning Inc.
Read More
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