By Tim Kingsbury, Wealth Manager
The SECURE Act, passed on Dec. 20, 2019, contains some major changes governing IRAs and retirement plans, charitable contributions, 529 plans and college student loan debt, among other financial matters. In this blog, we focus on key provisions of the Act to help you plan ahead.
Growth In Public Products Accelerates As GLI Marks 10th Anniversary
By Patricia Farrar-Rivas and Alison Pyott
The flow of assets in Gender Lens Investing (GLI) continues to grow rapidly.
According to a new analysis by Veris Wealth Partners, asset growth in GLI products accelerated and totaled $3.4 billion as of June 30, 2019. In our 2018 GLI analysis, we reported $2.4 billion invested in GLI products.
By Jane Swan and Roraj Pradhananga
Positive returns in the fourth quarter helped propel all major indexes
The year started with a robust recovery from the negative returns at the end of 2018, followed by a resting period in the third quarter, and then more growth at the end of 2019. Continued moderate expansion in the economy was a tailwind for investors, with total return for both bond and stock investors at the high end of historic norms. The greatest gains were from risk asset classes (stocks, real estate, and high yield bonds). Investors in investment grade bonds were also rewarded. Within the Russell 3000 (broad index of US stocks), the strongest returns came from the largest components. Technology jumped 14.3% in the quarter and 46.7% for the year. Financials were up 7.6% in the quarter and 32.9% for the year. Every sector other than Energy (up 9.6% for the year) increased by double digits. Investors were rewarded by the almost 11-year stock market expansion, but the gains have been not evenly translated to all participants in the economy.
The Veris team mourns the sudden loss of Jud Bergman and his wife, Mary Miller-Bergman, with great sadness.
Jud was more than just a great friend and strategic partner of Veris.
Jud was a visionary and an optimist, a philosopher whose maverick ideas changed the financial world, a dealmaker extraordinaire, a gracious man with a big heart, and a person whose modesty never wavered despite his incredible success. He had a unique ability to share his joy, his curiosity and love of life.
By Anders Ferguson and Casey Verbeck
We hope you will take a few minutes to read our just-published 2018 Impact Report.
By Anders Ferguson, Partner
Over the past few years, it feels like “climate change deniers” have won the day – or at least were gaining the upper hand. But then weird weather produced billions of dollars of damage, large ice flows melted and raised the seas, and a growing number of businesses and governments said enough was enough.
At the same time, ordinary people are continuing to suffer from the negative effects of climate change, while still others are seeing the positive effects of the rapid growth in the renewable energy economy.
