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Banking & Finance

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Spokane investors launch Kick-Start III venture-capital round

$4.25 million fund far larger than previous two combined
March 2, 2017
Tom Simpson, a Spokane entrepreneur and angel-investing fund adviser and organizer, says he's formed another startup fund, which already has begun investing in emerging companies in the Inland Northwest. Named after its predecessors, Kick-Start III has
Read More

Gesa Credit Union opens in mortgage center in core

Commercial lending office also planned downtown
February 16, 2017
Mike McLean
Richland-based Gesa Credit Union has opened a home-loan center and is planning a commercial lending office in the former Bank of Whitman building downtown, says Randy Wacker, Gesa's vice president of mortgage lending. The credit union has leased 6,600
Read More
—Kevin Blocker

Advice from financial advisers on living on a post-work budget

Year-long trial run before retirement can help those nearing big transition
February 16, 2017
Spokane-based financial adviser Paul Viren says one of the strategies he employs with clients approaching retirement is to have them do a 'mock retirement” starting six months to a year before their planned retirement date. 'Living every month unti
Read More
—Chris Street

World affairs said to bode well for Patriot Portfolio

Young fund established by Vorpahl Wing grows quickly
February 2, 2017
Chris Street
National and international trends bode well for the young Patriot Portfolio formed by Spokane-based Vorpahl Wing Securities, says portfolio manager Eli Petropoulos. The Spokane-based stock brokerage, which Petropoulos says manages close to $100 million
Read More
—LeAnn Bjerken

Financial services group looks to grow membership

Society offers education, networking opportunities
February 2, 2017
LeAnn Bjerken
Having celebrated the 72nd anniversary of its founding last month, the Spokane chapter of the Society of Financial Service Professionals is looking to expand its membership and continue its efforts to educate consumers on financial services.
Read More
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Keeping Spokane-area homebuyers in the game

Median-priced residences stay within reach despite sellers' market
February 2, 2017
Mike McLean
In its desire to protect retirement savers better, the U.S. Department of Labor last year ruled all financial professionals working with retirement plans, or providing retirement planning advice, would be recognized as fiduciaries by the federal agency.
Read More
—Kevin Blocker

Opinions differ on Conflict of Interest Rule

Some worry about exodus of advisers, fewer client options
February 2, 2017
In its desire to protect retirement savers better, the U.S. Department of Labor last year ruled all financial professionals working with retirement plans, or providing retirement planning advice, would be recognized as fiduciaries by the federal agency.
Read More

Community banks find role in private banking

Service not restricted to high net-worth clientele
February 2, 2017
Nancy Hake
Most people are reasonably familiar with both retail banking and commercial banking, but private banking remains an unclear concept to many. Private banking, quite simply, is personalized banking and financial management services for professionals and h
Read More

State CPA society picks new president, CEO

Kimberly Scott has served in various roles with group
February 2, 2017
Staff Report
Kimberly D. Scott, who resides in the Puget Sound area, has been named president and CEO of the Washington Society of Certified Public Accountants, effective this June 1, the organization's board announced recently. 'Kimberly Scott has the perfect bl
Read More

Assessing investment performance in the new year

Look beyond major market indicators when evaluating
February 2, 2017
Michael Maehl
As I mentioned last November in this space, 'Elections or not, stocks tend to be forward-looking.” The S&P 500, which had been up about 2 percent for the year just before the election, finished with gains of just over 9 percent. A lot of the move s
Read More
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