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Banking & Finance

–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

Coeur d'Alene-based stock brokerage Pennaluna launches new investing site

Cd'A company's online tool intended to connect funders, companies seeking capital
December 5, 2013
Treva Lind
Pennaluna & Co., a Coeur d'Alene-based stock brokerage, has opened a division named PennStarter, which launched a website last month as an online equity funding portal enabling people to invest mainly in startup companies. Pennaluna, which is located at
Read More

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.
Read More

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
Read More

Financial advisers still don't reach female clients well

Male-dominated industry adjusts to serve growing, successful demographic
November 7, 2013
Craig Holmes
Women own well over 50 percent of the private wealth in this country. Most new businesses are started by women and they have been outperforming men in higher education since 1990. Women are advancing on all fronts of the economy and will be for to
Read More

Consider financing options when selling company

While seller likely would prefer cash, other options can fill gaps in funding
November 7, 2013
Ed Kirk
A 2013 study by the National Institute on Retirement Security found that Americans of all ages are "falling well short of the savings amount they need to secure their retirement." Roughly one-third of baby boomers have no retirement savings and one
Read More
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