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Banking & Finance

—Staff photo by Mike McLean

Spokane-area builders optimistic about sustained growth

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December 19, 2013
Mike McLean
Following an upswing in building activity here in 2013, some construction industry observers are optimistic that forward momentum will carry through the coming year. Jan Quintrall, director of business and development services for the city of Spokane, sa
Read More

Spokane-area real estate comeback is expected to stay on track for third year

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December 19, 2013
Mike McLean
In one of the brighter real estate sectors, Spokane-area residential sales improved for the second consecutive year in 2013, and Ken Lewis, owner of Spokane Valley-based Prudential Spokane Real Estate, says he expects the spring of 2014 to be the best spr
Read More

Jobs to continue to grow here, though possibly at slower rate

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December 19, 2013
Linn Parish
The rate of growth, however, might not keep pace with this year, says Grant Forsyth, regional labor economist for Spokane-based Avista Corp. He's projecting a 1.5 percent increase in employment next year in Spokane and Kootenai counties, which would be
Read More

Inland Northwest economy continues to make positive strides

While some industries face challenges, others report return to prerecession levels
December 19, 2013
Linn Parish
In some sectors of the Inland Northwest economy, activity levels are returning to prerecession levels, welcome news that comes none too soon for economic observers. In overall employment, Spokane-area economists are expecting job growth next year, though
Read More
—Rendering courtesy of Eixenberger Architect

Coeur d'Alene wealth management company is in growth mode

Pinkerton acquires two financial adviser firms, plans new office building
December 19, 2013
Mike McLean
Pinkerton Retirement Specialists LLC, a growing Coeur d'Alene-based wealth-management company, has acquired two other financial adviser offices and plans to construct a new building in the Riverstone development that will have three times the office spa
Read More
–Staff photo by Treva Lind

Using clients' values to guide wealth-related advice

Loran Graham Co. here asks clients to align goals, retirement, family legacy
December 5, 2013
Treva Lind
Spokane-based financial planner Loran Graham says he approaches the retirement and wealth management goals of his clients by asking them what they value most. Common themes are time with family and community service, he says. "You can tell what's import
Read More

Despite some pessimism, investors should be bullish on '14

Look for sectors that do well in recovering times, steer clear of gold market
December 5, 2013
Michael Maehl
"There are only two kinds of forecasters-those who don't know, and those who don't know they don't know." - John Kenneth Galbraith, economist Yes, it's that time of year-when Wall Street starts putting out projections for the market year to com
Read More

'Family bank' shown to hurt plans to retire

Many who provide money to relatives say they don't factor that into expenses
December 5, 2013
Staff Report
During the last five years, roughly three out of five Americans age 50 and older have provided financial assistance to members of their family, including adult children, parents, grandchildren, siblings, or other relatives, says a Merrill Lynch study rele
Read More
–Staff photo by Mike McLean

Incapacitation strategy said to be key to wealth management

Power of attorney, asset transfer useful to qualify for Medicaid assistance
December 5, 2013
Mike McLean
An incapacitation plan can help protect family assets if one spouse loses the ability to make financial and health-care decisions due to conditions such as Alzheimer's disease or severe stroke, which are among the top causes of disability for older people
Read More
–Staff photo by Katie Ross

Preparing wills still not high priority for many, experts here say here say

Contributing influences include youth culture, procrastination
December 5, 2013
Katie Ross
Planning for death is still proving to be a challenge for many adults across the nation and here in Spokane, say elder law and estate planning attorney Lynn St. Louis and financial planner Paul Viren. St. Louis and Viren both say they see many adults pro
Read More
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