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Veris Wealth Partners presents our firm's Q2 2023 Investment and Economic Review.

July 27, 2023

Veris Q2 2023 Investment and Economic Review

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.

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.

July 25, 2023

Are You Prepared for the 2025 Federal Estate Tax Exclusion Limit Sunset?

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

Veris wins 3 Wealth for Good Awards in 2023

July 10, 2023

Veris and Firm CIO Michael Lent Honored With Three Wealth for Good Awards

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.

May 22, 2023

To Build Wealth in Latinx Communities Across the US, We Need to Invest More Time, Effort, & Money Expanding Access to Financial Education

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.

May 16, 2023

Letter from Stephanie Cohn Rupp: Advocating for ESG Investing to Governor Sununu for a Sustainable New Hampshire

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.

May 9, 2023

Veris Wealth Partners Recognized as Best ESG Investing (Advisory) Firm at the 2023 Family Wealth Report Awards

NYC, San Francisco, Portsmouth, – Veris Wealth Partners, an independent, woman-led, B Corp certified impact wealth management firm, has been selected as the winner in the Best ‘ESG Investing (Advisory)’ category at the Tenth Annual Family Wealth Report Awards.