Banking & Finance

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
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—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
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–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
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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
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'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
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–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
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Spokane accounting firms merge

Company established here in 1981 now has a combined staff of 15
November 21, 2013
Katie Ross
Spokane accounting firm Heiskell MacGillivray & Associates PS has merged into its operations the firm of Engel & Associates PS, says Kevin Sell, a shareholder and certified public accountant with Heiskell MacGillivray. The merger, which was Nov.
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Wemco plans big new facility on West Plains

Project is latest of several on the West Plains that total about $40 million
November 21, 2013
Treva Lind
Airway Heights-based Wemco Inc., a light industrial equipment manufacturer, is starting a $6 million project to build a new production facility on a 10-acre parcel on the West Plains, says John Rouse, the company's vice president.The project is
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