The US Sustainable Investment Forum (US SIF) is a member-based organization, established to be the leading voice advancing sustainable investing across all asset classes. Their mission is to rapidly shift investment practices toward sustainability, focusing on long-term investment and the generation of positive social and environmental impacts.
By Jane Swan, CFA® and Roraj Pradhananga, CPA
Early 2023 offered the economy and markets several hurdles. High inflation, instability in some regional banks, and a looming battle over the debt ceiling each invited speculation of a possible recession. The US economy remains resilient, supported by consumer spending with strong labor and housing markets. Manufacturing data and other leading economic numbers suggest a possible slowdown could still be ahead, and continued interest rate hikes could tip the economy towards a recession.
By Alison Pyott, CFP® CPWA®
When we look out on the estate planning horizon, many financial advisors and attorneys are now considering the implications of a potential sunset of the current lifetime exclusion for gifts and estates.
Passed in 2017, the Tax Cuts and Jobs Act (TCJA)¹ nearly doubled the current estate tax exemption amount to $12.92 million for individuals and $25.84 million million for couples.² However, lawmakers included a sunset provision that would bring the exemption amount back to pre-2018 levels on December 31st, 2025.³ It is unclear whether Congress will act to change or eliminate the sunset provision before then. If they don’t act, exemptions might decline to $7 million for individuals and $14 million for married couples and these estates could be subject to federal estate tax.⁴ The 2023 federal estate tax currently ranges from 18% to 40%.⁵
NYC, San Francisco, Portsmouth, – Veris Wealth Partners, an independent, woman-led impact wealth management firm, won two Wealth for Good Awards and the firm’s Co-founder and Chief Investment Officer Michael Lent was honored for Outstanding Individual Contribution in Wealth for Good.
By Sandra Guerrero, Advisor
For most of their lives, my mother and father worked in the services sector. Driven by their desire to leave a financial legacy for their children and grandchildren, my parents were motivated to learn new skills to acquire and grow wealth. They saved money, sought out learning opportunities, and ventured into real estate. Motivation plus access to financial education gave them the tools they needed to use their hard-earned money to build wealth.
On April 10th, 2023, New Hampshire Governor Chris Sununu signed Executive Order 2023-03, which expresses anti-ESG views and mandates that “Executive branch agencies shall prioritize investment decisions that maximize financial returns and minimize risk.” Veris CEO Stephanie Cohn Rupp wrote the following letter to Governor Sununu in response. As of May 16, 2023, we have not yet received a reply.
