Perspectives

     

Browse our latest thinking, including economic updates, exclusive industry reports, articles, videos, podcasts and more.

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Economy & Markets
2020 Vision: The Most Critical DecadeSM
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Authors
Joan K. Crain
Senior Wealth Strategist
Jeremiah W. Doyle, IV
Senior Wealth Strategist
John F. Flahive
Director - Fixed Income Investments
Leo P. Grohowski
Chief Investment Officer
Richard B. Hoey
Senior Economic Advisor
Justin T. Miller
National Wealth Strategist
Jeffrey Mortimer
Director of Investment Strategy
Bernard Schoenfeld
Senior Investment Strategist
Date Range
Insights
2015-05-12

Jeff Mortimer's latest Investment Update discusses the need for a full quiver of arrows to navigate today's complex market environment. He also notes the importance of introducing new strategies as market conditions evolve.

Article
Insights
2015-04-29

Growth concerns, uncertainty about the timing of the Federal Reserve's first rate hike and low global rates resulted in a volatile first quarter for the bond market. John Flahive provides his thoughts on performance across various fixed income sectors, the tightening cycle and interest rates.

Article
Insights
2015-04-13

Jeff Mortimer's latest Investment Update discusses the need for a full quiver of arrows to navigate today's complex market environment. He also notes the importance of introducing new strategies as market conditions evolve.

Article
Investing
2015-03-31

In order to succeed today, investors must become—and remain—active at all levels. This paper outlines the investment strategies needed to help you reach your long-term goals.

Article
Wealth & Estate Planning
2015-03-30

From the importance of writing a will to the pitfalls of probate and the basic estate plan for married couples, we set forth here much of the information that is critical to forming a solid estate planning foundation.

Article
Insights
2015-03-26

Chief Economist Dick Hoey's March State of the Debate: Last Chance, provides his most recent thoughts on economic and market trends both in the United States and globally.

Article
Insights
2015-03-17

BNY Mellon Investment Analyst Simon Cox believes that China's government is right to embrace the "new normal" of slower trend economic growth, but faces a "new subnormal" of below-trend growth.

Article
Insights
2015-03-17

BNY Mellon Chief Global Markets Strategist Jack Malvey and his team explain why they believe the growth rate of foreign exchange reserves has peaked and what that may mean for investors.

Article
Insights
2015-03-03

Broad market indexes don't always tell the complete story. That's why it is important to look below the surface to uncover lessons often hidden from view. Jeff Mortimer's latest Investment Update shows how applying lessons learned can help ensure you have a game plan for navigating this complex market.

Article
Wealth Management Issues
2015-03-02

Learn why many of the world's most successful individuals and families turn to us for trusted investment and wealth management advice, enjoying relationships and results that exceed expectations, generation after generation.

Article
Investing
2015-02-28

Although the U.S. economy has continued to outpace many of its global peers, investors may want to consider buying international stocks – particularly small-caps – for several compelling reasons.

Article
Insights
2015-02-19

Thinking about selling a business now or in the future? Our latest update on the state of Middle-Market M&A activity provides a closer look at 2014 trends and why we think 2015 may continue to provide a favorable backdrop for companies to look for mergers and acquisitions to help grow their businesses.

Article
Wealth & Estate Planning
2015-02-18

No plan is complete without a review of how each asset is held and how those assets flow through the estate. Proper planning protects assets, avoids confusion, ensures business continuity and provides certainty.

Article
Wealth & Estate Planning
2015-02-18

A successful wealth plan is one that is regularly revisited and evaulated with the help of appropriate experts.

Article
Wealth & Estate Planning
2015-02-17

In modern trust planning, one question must always be asked: If the plan begins to fail, is there an exit strategy and is it sufficient? The answers to these questions are critically important - the family may very likely need to use them.

Article
Wealth & Estate Planning
2015-02-17

BNY Mellon Wealth Management wealth director Guy Asadorian is host Kerry Salls' guest in this podcast produced by Exit This Way, a national radio program.

Audio
Insights
2015-02-03

Russian assets have been under pressure for several months due to the country's involvement in the Ukrainian crisis and the consequent imposition of sanctions by the U.S. and the EU. The rapid fall in oil prices has accentuated the pressure, given the country's dependence on oil and gas exports. Standish explores Russia's risk in light of these developments.

Article
Insights
2015-02-03

Following the European Central Bank decision to implement quantitative easing, there has been apprehension about the atypical "asymmetric" configuration of monetary policy across major economies. Jack Malvey provides a historic look at global monetary policy and comments on why central bank policy will begin to lean toward less accommodation over the next several years.

Article
Insights
2015-02-02

Chief Economist Dick Hoey's February Economic Update: The Long Expansion, provides his most recent thoughts on economic and market trends both in the United States and globally.

Article
Wealth Management Issues
2015-01-22

As ongoing uncertainties continue to threaten the pace of economic recovery, it is clear that this decade is one of the most critical ever for investors. A key step in planning for these crucial years is to acknowledge risks—those you can anticipate and those you can't—and to prepare to deal with them.

Article
Wealth Management Issues
2015-01-22

Changes on the legislative and regulatory front, combined with shifting monetary policy, are having a significant impact on wealth planning. Yet, many investors, especially baby boomers, have not incorporated these factors into their planning efforts.

Article
Insights
2015-01-15

Growth concerns, geopolitical tensions and low global rates kept U.S. interest rates lower than most industry experts anticipated in 2014. As a result, most fixed income sectors delivered attractive returns. What do we expect in 2015? John Flahive, director of fixed income for BNY Mellon Wealth Management, discusses rates, the Fed and the importance of diversification and disciplined risk controls in his year-end Outlook.

Article
Insights
2014-12-17

While there are pluses and minuses to lower oil prices, the real winner in all of this may be the U.S. economy and stock market.  Read Jeff Mortimer's latest Investment Update to find out why.

 

Article
Investing
2014-12-11

Leo Grohowski discusses the uneven pace of global growth, expectations for diverging monetary policy and what it will mean for interest rates, equity markets and currencies.

Article
Insights
2014-11-18

Despite sluggish growth in the global economy over the last few years, Chief Economist Richard Hoey expects sustained expansion in 2015 with a good chance that the pace of growth could run somewhat higher.

Article
Insights
2014-11-14

Jeff Mortimer addresses the strengthening U.S. dollar and what it means for monetary policy, commodity prices and investors in this month's Update.

Article
Insights
2014-11-11

Chief Economist, Holger Fahrinkrug of Meriten Investment Management discusses the Eurozone's difficulties and what they might mean for Germany, Europe and the global economy.

Article
Investing
2014-11-07

While there is no single best approach to constructing a benchmark, investors need to understand what questions can be answered - and what questions can't - by comparing investment performance to a benchmark.

Article
Insights
2014-11-05

John Flahive discusses the Federal Reserve's next move, fixed income performance and volatility.

Article
Wealth & Estate Planning
2014-10-24

A growing number of Americans desire to live and work abroad, yet without careful planning U.S. citizens and permanent residents risk incurring excessive taxation and loss of wealth.

Article
Insights
2014-10-21

At first glance, the 1.1% return of the S&P 500 during the third quarter might suggest a relatively quiet three months. The return, however, does not tell the whole story.

Article
Insights
2014-10-20

BNY Mellon Investment Management and its affiliates comments on the dramatic return of volatility to equity markets and whether the turbulence is an expected side effect of shifting monetary policy, or a signal of more serious trouble to come.

Article
Investing
2014-10-20

The Boston Company outlines some potential ways that investors can construct portfolios using a variety of infrastructure themes.

Article
Insights
2014-10-15

Jeff Mortimer addresses investors' concerns about the Fed's plans to begin raising interest rates and his view that the result is just as likely to be new investment opportunities as new risks.

 

Article
Wealth & Estate Planning
2014-10-14

Planned giving programs can unlock hidden value and differentiate themselves to tax-savvy donors and their advisors by utilizing tax-efficient investment techniques in the management of CRUTs.

Article
Insights
2014-10-09

Portfolio managers and strategists from BNY Mellon Investment Management and its affiliates address the end of the Fed’s unprecedented QE program and what it may mean for investors.

Article
Insights
2014-09-23

Chief Economist Dick Hoey's September Economic Update: A Long Economic Expansion, provides his most recent thoughts on economic and market trends both in the United States and globally.

Article
Insights
2014-09-17

When will the Fed start raising interest rates? Will Europe go back into recession? What's happening with gold? In this month's Investment Update, Jeff Mortimer suggests that investors should always have an action plan for these potential outcomes.

Article
Investing
2014-09-15

William Cazalet of Mellon Capital Management explains how "smart beta" strategies combine the potential for greater performance and reduced volatility that characterize active management with the cost-effectiveness and transparency of passive strategies.

Article
Insights
2014-09-15

Miyuki Kashima and Simon Cox of BNY Mellon Investment Management argue that the pessimism about Abenomics is unjustified and that the all-important first arrow of monetary stimulus will banish deflation and help revive Japan's economy.

Article
Insights
2014-09-15

Emerging markets experts from Standish, Insight, Newton and The Boston Company explain the trends affecting various emerging markets and present their outlooks for the months ahead.

Article
Insights
2014-08-26

Sandra Carlisle, Head of Responsible Investment at Newton, explains how responsible investing is an integral part of Newton's investment process.

Article
Wealth Management Issues
2014-08-15

A favorable backdrop of low interest rates, a slowly improving economy and an abundance of cash on hand is leading to a surge in major mergers-and-acquisitions deals.

Article
Insights
2014-08-07

As the Federal Reserve winds down its quantitative easing program, paving the way for the economy to continue strengthening and for interest rates to gradually normalize, inflation has been top of mind for many investors. In this month's Investment Update, Jeff Mortimer discusses why inflation could remain low or moderate for years to come, as well as the investment implications.

Article
Insights
2014-08-06

Chief Economist Dick Hoey's August Economic Update: Stronger Growth Despite Risks, provides his most recent thoughts on economic and market trends both in the United States and globally.

Article
Insights
2014-07-25

In the second quarter Capital Markets Review, Bernie Schoenfeld explores the themes that impacted performance of the equity and fixed income markets.

Article
Wealth & Estate Planning
2014-07-24

Global investors are facing a growing tide of complex reporting requirements and information exchange agreements as countries battle money laundering and tax evasion. This heightened enforcement has resulted in the potential for steep fines or even criminal prosecution. Navigating this transition to global transparency will require exhaustive tax and wealth planning advice.  

Article
Insights
2014-07-24

John Flahive discusses the bond market's strong performance in the first half of 2014 and what to expect in the second half of the year.

Article
Investing
2014-07-17

Those who will succeed in the second half of the critical decade are those who can tune out the noise, avoid fear and complacency, and remain focused on the facts, the solutions and long-term goals.

Article
Insights
2014-07-08

Experts from BNY Mellon Investment Management and its affiliates consider future inflation trends and present investing strategies for a variety of inflationary environments.

Article
Insights
2014-07-08

BNY Mellon Investment Management's Chief Economist Richard Hoey and Chief Global Markets Strategist Jack Malvey present their views on labor, inflation and monetary policy normalization.

Article
Insights
2014-07-02

Jeff Mortimer takes a deeper look at the mixed signals coming from the equity and bond markets.

Article
Investing
2014-07-02

Long/short equity strategies may enable investors to reduce their portfolios' volatility while also earning compelling risk-adjusted returns. The Boston Company's Charles Cook explains how these strategies may be useful in meeting the challenges posed by a low fixed-income return environment and volatile equity markets.

Article
Wealth & Estate Planning
2014-06-17

Wealthy individuals have been hit with their first major tax increase in more than 20 years, with tax hikes on ordinary income, dividends and capital gains. The current tax environment has put a strain on wealth building, creating more challenges for retirement planning at a time when many investors, particularly baby boomers, are not saving nearly enough for tomorrow.

Article
Insights
2014-06-12

Chief Economist Dick Hoey's June Economic Update: Inflection Point to Faster Growth provides his most recent thoughts on economic and market trends both in the United States and globally.

Article
Insights
2014-06-03

Standish Mellon Asset Management provides commentary on the improving economic fundamentals that have raised credit quality and lured yield hungry investors back to the market.

This material has been authored by an affiliate of BNY Mellon Wealth Management. The views expressed by an affiliate may be different from the views of BNY Mellon Wealth Management.

Article
Insights
2014-06-03

The Standish Global Macro Committee comments on world economic activity and how geopolitical risk dominated the landscape.

This material has been authored by an affiliate of BNY Mellon Wealth Management. The views expressed by an affiliate may be different from the views of BNY Mellon Wealth Management.

Article
Insights
2014-06-02

Jeff Mortimer offers a Second Half Playbook and three key "plays" to help investors reach their long-term goals.

Article
Investing
2014-06-02

Leo Grohowski sees six factors that can help drive equity prices higher during the course of the year. Volatility will likely continue and opportunities may be harder to find, however. Thus, investors need to be selective in order to find opportunities that may be more elusive.

Article
Wealth & Estate Planning
2014-05-29

The state of New York passed legislation effective April 1, 2014 that more than doubles the estate tax exemption and increases it each year until it matches the Federal exemption in 2019. There is a catch, however.

Article
Wealth & Estate Planning
2014-05-23

Many investors have postponed saving for retirement, or haven’t saved enough. Traditional and Roth IRAs offer many advantages to investors but it’s important to understand the unique benefits of each type of account.

Article
Wealth & Estate Planning
2014-05-12

An overview of the compelling planning techniques to consider based on current economic and financial market realities.

Article
Wealth & Estate Planning
2014-05-07

Today’s generation of retirement savers will face growing roadblocks to wealth accumulation. Investors must come to grips with these challenges and move forward with a comprehensive plan that connects objectives, investments, tax matters, wealth planning and even their own beliefs about markets and money.

Article
Wealth & Estate Planning
2014-05-05

Family feuding can take a serious toll on family wealth, impacting businesses, trusts and the family’s legacy itself. Read about the five common dynamics that cause family disagreements and the strategies that advisors and their clients can use to prevent or mitigate the problems that can develop into a full-blown family breakdown.  

Article
Insights
2014-05-01

Jeff Mortimer provides his insight into the emotions that play into both bull and bear markets and steps investors can take to stay focused.

Article
Insights
2014-04-11

Domestic equities had a weak start early this year, with declines in the first few trading days of the quarter.

Article
Insights
2014-04-01

As we move beyond the five-year anniversary of the bull market that began March 9, 2009, many investors are wondering how much longer it can last.

Article
Insights
2014-03-19

Geopolitical risks have increased recently, with rising tensions between Russia and the West over Crimea and Ukraine taking center stage. Standish's Global Macro Committee says that political events there and elsewhere are unlikey to put a drag on world GDP.

This material has been authored by an affiliate of BNY Mellon Wealth Management. The views expressed by an affiliate may be different from the views of BNY Mellon Wealth Management.

Article
Investing
2014-03-04

Dave Daglio, award-winning Senior Managing Director of U.S. Opportunistic Value at The Boston Company, discusses attractive sectors in U.S. equities.

This material has been authored by an affiliate of BNY Mellon Wealth Management. The views expressed by an affiliate may be different from the views of BNY Mellon Wealth Management.

Article
Insights
2014-03-04

Europe is proving to be one of the bright spots in an otherwise mixed global picture for 2014. Holger Fahrinkrug, Chief Economist for BNY Mellon's Meriten affiliate, explains why he has raised his growth forecast for the region and why deflation risk is not sufficient to currently warrant quantitative easing from the European Central Bank.

This material has been authored by an affiliate of BNY Mellon Wealth Management. The views expressed by an affiliate may be different from the views of BNY Mellon Wealth Management.

Article
Insights
2014-03-01

Market volatility is back, and U.S. stocks are struggling to regain their momentum. Jeff Mortimer, BNY Mellon Wealth Management's Director of Investment Strategy, discusses market trends and presents an action plan for the year.

Article
Investing
2014-02-26

After a year of disappointing returns, emerging market equities are experiencing some near-term weakness. What should investors expect moving forward and what does it mean for their portfolios?

This material has been authored by an affiliate of BNY Mellon Wealth Management. The views expressed by an affiliate may be different from the views of BNY Mellon Wealth Management.

Article
Insights
2014-02-19

Chief Economist Dick Hoey explains why he expects stronger global economic growth in 2014, despite recent turbulence in some emerging countries.

Article
Insights
2014-02-11

In collaboration with Nobel Prize winning economist, Dr. Harry Markowitz, BNY Mellon has combined resources with HedgeMark International, LLC to provide an inside look into the institutional investment risk management field.

This material has been authored by an affiliate of BNY Mellon Wealth Management. The views expressed by an affiliate may be different from the views of BNY Mellon Wealth Management.

Article
Investing
2014-02-11

Emerging markets portfolio managers across BNY Mellon weigh in on what's been driving the turmoil in emerging markets, whether the worst is over, and what is likely to happen next.

Article
Insights
2014-02-10

As a new Fed Chairman takes the reins, Jack Malvey, chief global markets strategist, looks at the first year challenges that might face Janet Yellen.

Article
Investing
2014-01-31

We are fairly optimistic about the markets in 2014, despite the challenges that remain on the horizon. What will 2014 mean for the markets? CIO Leo Grohowski provides his outlook for the year ahead.

Article
Investing
2014-01-31

A look at the causes of today's market volatility and ways to position your portfolio in this new environment.

Article
Insights
2014-01-23

A long expansion in the global and U.S. economy is expected to last for a total of eight years (2009 to 2017) according to BNY Mellon Chief Economist Richard Hoey in his most recent Economic Update entitled, "Eight-Year Economic Expansion."

Article
Wealth & Estate Planning
2014-01-22

The American Taxpayer Relief Act and the 2010 healthcare legislation are creating a new urgency around income tax strategies and estate planning, especially for top-bracket taxpayers. Wealth Strategists Joan Crain and Jere Doyle explore tax, estate planning and giving strategies to help soften the blow.

Article
Insights
2014-01-22

Jeff Mortimer, BNY Mellon Wealth Management's Director of Investment Strategy, takes a closer look at some common market assumptions and why he sees reason for optimism in 2014.

Article
Insights
2014-01-17

Dick Hoey explains his expectation for an eight-year economic expansion.

Article
Insights
2014-01-17

This time a year ago, it wasn’t at all clear that 2013 would turn out to be a banner year for the U.S. stock market.

Article
Wealth & Estate Planning
2013-12-23

A charitable IRA offers favorable tax advantages for long-term asset accumulation and is the most tax-efficient method to satisfy philanthropic goals.

Article
Wealth & Estate Planning
2013-12-18

In 2013, the U.S. tax landscape began a transformation of historic proportion, with the first major tax increase for higher-income earners in more than 20 years. Controversial and sweeping tax changes have been finalized into law, with dramatic implications. The new legislation will shake up the worlds of investing, retirement and estate planning for years to come.

Article
Insights
2013-12-12

Jeff Mortimer, BNY Mellon Wealth Management's Director of Investment Strategy, sees some green shoots in Europe that suggest better times ahead.

Article
2013-12-10

Standish provides top insights into the global economy between 2013 and 2018 based on key economic, political and social trends that have the potential to influence financial market returns either positively or negatively in the next five years.

Article
2013-12-06

Important steps to prepare your business for a sale and top 10 pitfalls to avoid.

Article

2013-11-25

The impact of rising rates on investment portfolios and strategies to succeed in this changing environment.

Article
2013-11-21

Many people view their pets as near and dear enough to be considered family members. Understandably, some pet owners may want to ensure their pets are cared for in the event the owners become incapacitated or the pets outlive them. As a result, some pet owners include animals in their estate plans.

Article
2013-11-13

Investors today face the combined challenges of navigating global markets while attempting to manage the rapidly changing tax and policy agenda driven by Washington. BNY Mellon CEO of Investment Management Curtis Arledge talks with CIO Leo Grohowski in this insightful exchange.

Audio
2013-11-12

In this new paper, Standish Chief Economist Thomas Higgins explains how uncertainty over the U.S. fiscal situation is likely to continue to add to financial market volatility and weigh on confidence in 2014, even if a short-term agreement averts a default.

Article
2013-11-12

Jim Corl, manager of Siguler Guff's distressed commercial real estate strategy, discusses why he believes that many commercial real estate investors fundamentally misunderstood both the historic opportunities and the risks in today's market.

Article
2013-11-12

This paper is intended to provide an overview of the opportunities and challenges of gift and estate tax planning for multinational families from a U.S. perspective.

Article
2013-11-08

BNY Mellon's Chief Economist Dick Hoey on the economic outlook for 2014.

Article
2013-11-06

Jeff Mortimer takes a look at where equity markets may be headed in 2014 based on two important market indicators.

Article
2013-10-29

John Flahive provides a review of the 2013 bond market performance for the third quarter and offers his insights for investors as they approach year end.

Article
2013-10-24

To taper or not to taper, that is the question. Or at least that is what markets seemed to focus on during much of the third quarter.

Article
2013-10-18

A quick recap of the debt ceiling resolution and its impact on investment strategy.

Article
2013-10-10

All economic forecasts today are subject to uncertainties about the U.S. government shutdown, debt ceiling worries and concerns about potential U.S. default. Chief Economist Dick Hoey provides his opinions in his latest Economic Update

Article
2013-10-09

Charitable gift annuities continue to play an important role in nonprofit fundraising. The appeal of a charitable gift annuity (CGA) program is clear - modest donation requirements, attractive income streams for donors, and ease of creation via a simple contract. Yet as more donor funds flow into CGA programs, nonprofit organizations need to focus on how they are managing these assets for long-term viability. Nonprofits have often been hesitant to allocate a significant portion of their CGA assets to equities given the volatility of the asset class and historically reliable fixed income returns. Going forward, however, it may be prudent for nonprofit organizations to reassess their allocations to equities as future fixed income returns are likely to disappoint.

Article
2013-10-09

Jeff Mortimer writes about the factors, including unemployment and the Fed, that are making it an uncertain autumn for investors.

Article
2013-09-20

Chief Economist Dick Hoey discusses the Federal Reserve's decision to postpone the first taper of its QE3 program and how the policy is fully consistent with his forecast of 3% real GDP growth for the next three years.

Article
2013-09-19

Jeff Mortimer discusses the state of the market and the move from bonds to stocks.

Article
2013-09-12

Paul Brain, Newton's investment leader for fixed income, looks at bond investors' hyperfocus on central bank signals in anticipation of a potential tapering of the Fed's asset purchases. Paul discusses the main factors that might drive bond yields higher over the next months as well as what could prevent them from drifting too high as we enter the final quarter of the year.

Article
2013-09-12

Dick Hoey shares his thoughts on interest rate normalization.

Article
2013-09-06

David Leduc, CFA and Chief Investment Officer of Standish Mellon Asset Management Company LLC, discusses the importance of focusing on areas of the fixed income market where valuations are attractive, while avoiding idiosyncratic risks.This material has been authored by an affiliate of BNY Mellon Wealth Management. The views expressed by an affiliate may be different from the views of BNY Mellon Wealth Management.

Article
2013-08-26

Miyuki Kashima, managing director and head of the Japanese equity investment division at BNY Mellon Asset Management Japan, reflects on the remarkable approach taken by Japanese Prime Minister Shinzo Abe and his government, and the potential once-in-a-generation transformation this could prompt for the long-suffering Japanese economy.

This material has been authored by an affiliate of BNY Mellon Wealth Management. The views expressed by an affiliate may be different from the views of BNY Mellon Wealth Management.

Article
2013-08-23

Many investors have settled for low returns in perceived "safe" investments such as bonds or cash. While these approaches may provide comfort, comfort has its costs, which continue to rise due to major economic influences. Now is the time for investors to ensure that their portfolios are ready for what's ahead.

Article
2013-08-16

This piece looks at our expectations for rates moving forward, pitfalls to avoid, and the value of active investment management in navigating any market environment.

Article
2013-08-12

Jeff Mortimer explores the path to normalized interest rates and what it could mean across all markets.

Article
2013-08-08

The fixed income market experienced a high degree of volatility during the first half of 2013, reinforcing the need to maintain a disciplined approach to investing and diversification through a combination of core and satellite strategies. John Flahive, director of fixed income investments, provides his mid-year assessment.

Article
Insights
2013-08-05

Dick Hoey explains his expectations for sustained global economic expansion, despite the crosscurrents in the global economy, and looks at each from a regional point of view.

Article
2013-07-29

The strong upward momentum in the equity markets from the first quarter carried into the early part of the second quarter.

Article
2013-07-12

The United States Supreme Court recently decided two important cases dealing with same-sex marriages. While there are more than 1,100 federal provisions dealing with spousal rights that could be impacted, we provide some highlights of the rulings and some considerations that same-sex couples in these states/jurisdictions should keep in mind.

Article
2013-07-11

In addressing this ever-changing-environment, it is important to consider the factors that will continue to influence the economy in the coming days: fiscal policy, monetary policy, global growth and geopolitical dynamics. This brief explores each of these macro drivers.

Article
2013-06-30

How frequently do municipal bonds default? Why does bankruptcy occur? How do issuers view the pros and cons of filing? The issues surrounding municipal defaults and bankruptcies are subject to change, particularly as their frequency increases, so it's useful to review some of the statistics.

Article
2013-06-24

Dick Hoey shares his thoughts on the economy and the normalization of interest rates.

Article
2013-06-17

Jeff Mortimer looks at the bottom-up variables we explore as part of our multi-dimensional view of the market.

Article
2013-06-13

Director of Credit Research, Art O'Keeffe, provides some background on the fundamentals of municipal bonds and their strength in this particular market cycle.

Article
2013-06-07

Leo Grohowski's perspectives on the economy moving forward, what investors can expect in this environment of constrained growth and constant change, and where he sees emerging opportunities and risks.

Article
2013-05-24

Estate planning has traditionally concentrated on minimizing gift and estate taxes, with the implications of income taxes often playing a secondary role. However, the focus may begin to shift or at least broaden in the next few years.

Article
2013-05-23

Despite a strong equity market and solid economic data, longer-dated rates moved only modestly higher during the quarter as macro worries out of Europe fueled demand for the safety of U.S. Treasuries. As a result, most fixed income sectors delivered modest to negative returns.

Article
2013-05-23

Despite a strong equity market and solid economic data, longer-dated rates moved only modestly higher during the quarter as macro worries out of Europe fueled demand for the safety of U.S. Treasuries. As a result, most fixed income sectors delivered modest to negative returns.

Article
Investing
2013-05-23
Lawrence Hughes, BNY Mellon Wealth Management's Chief Executive Officer, talks with Bloomberg's Pimm Fox and Carol Massar on Bloomberg Radio's "Taking Stock." Hughes shares his insights on new wealth emerging as the economy strengthens.
Audio
2013-05-10

Dick Hoey's latest commentary on the U.S. and global economy, fiscal policy, housing and other factors influencing the markets today.

Article
2013-05-08

Although many are calling it "the most hated rally in history," Jeff Mortimer explores three factors suggesting there is still more room for growth in equities and attractive opportunities for investors.

Article
2013-05-01

While rising taxes will likely hit investors on multiple fronts, savvy investors can employ strategies to help soften the blow. Credit strategies—secured loans, mortgages and intrafamily loans that benefit from today’s low-rate environment—can enable the equitable funding of major expenses, grow your wealth, or even make the payment of your tax bill less painful.

Article
Wealth & Estate Planning
2013-05-01

A CRT allows a donor to satisfy charitable goals while retaining a current income stream.

Article
2013-04-19

The S&P 500 hit a new record high of 1569.19 at the end of the first quarter.

Article
2013-04-13

The 2010 Tax Relief Act effectively postponed the major makeover of the U.S. tax code that many were bracing for as 2010 drew to a close. This reprieve, however, ended after 2012 with the American Taxpayer Relief Act of 2012. That means investors—who have not seen a major tax increase in nearly two decades—need to start thinking about taxes in a whole new way.

Article
2013-04-11

European exposure – how much is too much? As Europe continues to make headlines daily, Jeff Mortimer revisits the path that led to the current status and its impact on investment exposure.

Article
2013-04-08

BNY Mellon's Chief Economist Dick Hoey on the economic outlook for the U.S. and around the world.

Article
2013-04-05

A quick look at strategic alternatives for managing concentrated wealth positions.

Article
2013-04-03

A look at the unique tax and gifting rules associated with artwork.

Article
Wealth & Estate Planning
2013-04-02

Whether part of a pre-IPO company, building on an established career, or nearing retirement, corporate executives have very specific and exacting wealth management needs.

Article
2013-03-26

High-income taxpayers are now paying more into Medicare as a result of The Patient Protection and Affordable Care Act and the companion Health Care and Education Affordability Reconciliation Act of 2010 (together, the health care reform legislation). This article summarizes these changes, which apply to wages received in taxable years starting after December 31, 2012.

Article
2013-03-25

Today's economic challenges understably have many investors are confused and anxious. For private investors, the challenges are even more complex. They must make critical investment and planning decisions within a regulatory and tax environment that continues to change. The question is, "Can investors move forward in the midst of all this volatility and uncertainty?" The answer is yes.

Article
2013-03-18

The success of a closely-held business often can be measured by the extent to which an exit strategy is effectively planned and executed. Whether the business owner sells, closes, or transfers the business to family, the termination of this relationship is one that must be carefully considered well in advance of the event.

Article
2013-03-15

Individual Retirement Accounts (IRAs), pension plans and other forms of retirement accounts increasingly comprise a major part of a married couple's net worth. During a divorce, they may also provide an attractive source for funding a spouse's share of proceeds in cases where the rest of the marital estate is largely illiquid.

Article
2013-03-11

Should investors pursue protection from market volatility or embrace the opportunity to capitalize on market weakness? Jeff Mortimer examines how to approach market turbulence in his March Investment Update.

Article
2013-03-05

With the fiscal cliff behind us, it is now time to embrace and understand the American Taxpayer Relief Act (ATRA). While the provisions of this act have been clearly established, people may not have fully realized the impact it could or will have on individual or family wealth. Wealth strategist Joan Crain outlines the key factors to consider now that ATRA has been defined, as well as the impact these factors may have and suggestions on applying them while continuing to manage wealth successfully.

Article
2013-02-14

Dick Hoey's February Economic Update

Article
Insights
2013-02-13

Is housing the new economic MVP? This month's Investment Update takes an in depth look at housing, real estate, and how they function as both economic indicators and influencers.

Article
2013-02-12

Life insurance is frequently used as a tool for estate planning, and proceeds often are used to provide liquidity to pay estate taxes, settle debts, fund gifts to charity and transfer wealth to heirs. The funds may be included in the insured's taxable estate if the insured or his or her spouse is the owner of the insurance policy. This can lead to a substantial increase in the size of the insured's estate and tax burden. An Irrevocable Life Insurance Trust (ILIT) provides a technique for removing life insurance proceeds from one's taxable estate while also arranging for the distribution of the proceeds.

Article
2013-02-11

In the current low interest rate environment, wealthy families may consider intrafamily loans as an effective wealth transfer technique. Although under-utilized in recent years, intrafamily loans can offer a way to transfer money to the next generation.

Article
2013-01-30

The current low interest rate environment affords a number of effective techniques for transferring significant wealth to the next generation with minimal gift consequences.

Article
2013-01-23

John Flahive provides his thoughts on what contributed to the bond market’s performance and what is in store for 2013. Looking ahead, John expects a similar economic backdrop of slow growth, muted inflationary pressures and a modest increase in interest rates.

Article
2013-01-21

Equity markets ended the year on a positive note, relieved that a last-minute compromise on the fiscal cliff was fi nally achieved, though hard decisions on spending were merely deferred for two months.

Article
2013-01-12

Addressing the age old question, "What are you waiting for?" Jeff Mortimer comments on the power of a two-way reflection.

Article
2013-01-11

The American Taxpayer Relief Act of 2012 provides two ways for taxpayers to take advantage of the extension of the $100,000 IRA charitable rollover for 2012, despite the fact that the law was enacted in 2013. Read more about the law's provisions, particularly the one expiring on January 31, 2013.

Article
Wealth & Estate Planning
2013-01-07

Since January 1, 2010 high income earners have been able to participate for the first time in the tax-free asset growth of a Roth IRA by converting from a traditional IRA. A Roth conversion may provide significant tax savings for the right individual under the right circumstance.

Article
2012-12-27

Dick Hoey's December Economic Update

Article
Insights
2012-12-12

Playing the cards you've been dealt - while worrying about the bad cards you cannot play, be careful not to overlook the strong cards in your portfolio.

Article
Insights
2012-11-13

The fiscal cliff, QE3, China and Europe - are you read to embrace these "interesting" times?

Article
2012-11-07

Dick Hoey's November Economic Update

Article
2012-10-19

Equity markets rose during the third quarter, despite continuing concerns about the U.S. economy, the fiscal cliff, debt problems in Europe and a slowdown in China.

Article
Insights
2012-10-15

With the presidential election nearly upon us, many pundits are trying to predict the outcome. As wealth managers, our job is different: to provide sound advice.

Article
2012-09-19

Dick Hoey's September Economic Update

Article
Insights
2012-09-07

History doesn't repeat itself, but does it rhyme?

Article
2012-08-09

Dick Hoey's August Economic Update

Article
2012-07-27

Global equity markets contracted in the second quarter amid concerns over the European debt crisis and indications of an economic slowdown in the U.S. Fixed income markets benefitted from investors' flock to safety and the yield on U.S. Treasuries hit a new record low.

Article
2012-06-28

Dick Hoey's June Economic Update.

Article
Investing
2012-06-13

The combination of the lingering European debt crisis, a slowdown in China and fiscal policy uncertainty in the U.S. has created a cloud of uncertainty for investors as we head into summer.

Article
2012-06-05

Having the right agent overseeing all aspects of the escrow transaction can be a critical factor in completing it successfully.

Article
2012-05-23

Dick Hoey's May Economic Update.

Article
2012-05-22

Historically, parents addressed their fear of "affluenza" either through constructing very restrictive trust provisions or by giving much of their wealth to charity. However, there is an alternative—a flexible family trust—designed to provide protections and create opportunities for future generations without supporting an unearned lifestyle.

Article
2012-05-22

News reports continue to highlight extreme cases of financial hardship for cities, towns and states across the country. However, upon a broader and more reflective examination, the majority of municipalities appear to be weathering current economic conditions. We continue to believe that the municipal bond market holds opportunities for investors.

Article
2012-05-22

In family governance, communication, family values and philanthropy should be continuously linked to a family's wealth planning. This process can help to foster family continuity, harmony and increased multigenerational wealth.

Article
2012-04-03

Dick Hoey's April Economic Update.

Article
2012-03-28

BNY Mellon's fiduciary officer, Susan Hartley, provides her perspective on the advantages and disadvantages of a family office becoming a private trust company for Trusts & Estates magazine online

Video
2012-03-20

Whether a third-generation business or a start-up, it is never too soon to prepare for an ownership change. Thinking ahead means coming out ahead in the long run. There are several practical steps a business owner can take throughout an enterprise's lifecycle to ensure success when a transfer finally occurs.

Article
2012-03-19

The general creditworthiness of the state of California is an ongoing concern for its investors. This summary provides some insights for those of our clients with investment interests in California.

Article
2012-02-27

It is not unusual for a corporate executive to grow his or her wealth, yet lack an overall wealth management plan. However, it is more important than ever to have a plan and keep planning through every stage of one's career.

Article
2012-02-24

Paying for a home with cash can be a bad investment in a great asset for at least three good reasons.

Article
Wealth & Estate Planning
2012-02-22

In trust planning, one of the most important decisions to be made is the appointment of a dependable trustee. Many people consider a trusted family member or a close friend for the role. Family members and friends, however, rarely have a full understanding of the issues and responsibilities involved in the process. In many cases a corporate trustee adds a depth of resources and objectivity that an individual could not provide.

Article
2012-02-08

Dick Hoey's June Economic Update.

Article
2012-02-08

A Revocable Living Trust provides an effective way to manage one's assets during life and transfer those assets at death. Assets held in a revocable trust are considered part of the donor's estate for estate tax purposes, but are not included in the donor's probate estate.

Article
2012-02-06

For individuals willing to assume additional risk in their fixed income investments, the BNY Mellon Municipal Opportunities Strategy may be an attractive solution that has the potential to provide enhanced tax-sensitive total returns.

Article
2012-02-06

Last year was another incredible year for the fixed income markets, where all major dollar-denominated fixed income sectors produced positive total returns.

Article
2012-01-01

If you leave all of your assets to your spouse to take advantage of the unlimited marital deduction, your exemption is lost. That is because the marital deduction reduces the estate tax to zero, leaving nothing for your exemption to offset. Rather than using an unlimited marital deduction, the best planning technique is to coordinate the use of the marital deduction and the estate tax exemption.

Article
Investing
2012-01-01

The critical but often overlooked role of asset location in portfolio performance.

Article
2012-01-01

Transferring money from retirement accounts or employer-sponsored retirement plans into an individual retirement account (IRA) is commonly called a rollover. Rollovers allow you to maintain the tax-deferred status of the assets and/or consolidate tax-deferred assets in one retirement account.

Article
2012-01-01

Trusts have long been a favored vehicle for estate planning and can be a valuable tool in transferring wealth to succeeding generations in a tax-efficient manner. One particularly potent trust in today’s low interest rate environment is the Grantor Retained Annuity Trust (GRAT).

Article
2012-01-01

It's not what you earn that matters, it’s what you keep. This common wisdom is usually applied to the impact taxes can have on income and investments. Other potential liabilities, however, including lawsuits, divorce settlements and creditor claims, can be just as harmful to personal wealth.

Article
2012-01-01

On December 17, 2010 the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 became law and was a welcome reprieve for many taxpayers. However, further changes in Federal tax law are possible before 2013, which could result in some significant tax increases.

Article
Insights
2011-12-23

We start 2012 almost two years into a mounting European sovereign debt crisis. During this time, we have seen contagion pass from Greece to Ireland, on to Portugal and back to Greece.

This material has been authored by an affiliate of BNY Mellon Wealth Management. The views expressed by an affiliate may be different from the views of BNY Mellon Wealth Management.

Article
Insights
2011-12-23

James Harries, head of Global Equity Income Strategy for Newton Investment Management Limited, writes about investor sentiment in response to policymakers' accomodative policies.

Article
2011-12-15

Faced with a rapidly changing planning landscape, practitioners and clients need to think about estate planning as a continuing process in which planning vehicles are designed to accommodate entrances and exits and allow for mid-course corrections.

Article
2011-12-14

BNY Mellon's Chief Economist Richard Hoey considers the prospects for the global economy in 2012. He believes global monetary easing that is occurring around the world will likely drive a global growth recession, instead of a full-scale recession in the coming year.

Article
Investing
2011-12-11

Francis Sempill, investment manager at Walter Scott, discusses why companies with financial strength and strategic advantages may be how investors can create wealth over the long term in up and down markets.

This material has been authored by an affiliate of BNY Mellon Wealth Management. The views expressed by an affiliate may be different from the views of BNY Mellon Wealth Management.

Article
2011-12-07

Alexander Kozhemiakin, head of emerging markets strategy and senior portfolio manager at Standish offers several reasons in support of a favorable outlook on emerging markets and emerging markets debt in 2012.

This material has been authored by an affiliate of BNY Mellon Wealth Management. The views expressed by an affiliate may be different from the views of BNY Mellon Wealth Management.

Article
2011-12-07

Jason Pidcock, investment leader at Newton Investment Management Limited, discusses the Chinese economic slowdown and 2012 outlook for the Asia Pacific ex Japan region.

Article
2011-11-30

Jack Malvey, CFA, chief global market strategist for BNY Mellon Asset Management, discusses the 're-sculpting' of the global financial system.

This material has been authored by an affiliate of BNY Mellon Wealth Management. The views expressed by an affiliate may be different from the views of BNY Mellon Wealth Management.

Article
Wealth & Estate Planning
2011-11-17

Ongoing market volatility and uncertainty over U.S. tax policy have many investors stalled in their wealth transfer planning. This presentation offers insights to help clients move beyond anxiety and confusion and be able to take advantageous steps—even in the current environment.

Partnering with our clients' advisors helps to ensure our clients receive the most effective and complete wealth management services. In support of this partnership, we frequently share our considerable research and expertise with our clients' advisors. Justin delivered this presentation at the 46th Annual Heckerling Institute of Estate Planning on January 11, 2012 and the topic has been presented numerous times to members of the advisor community. This presentation is not intended to constitute legal, tax, investment or financial advice. The information discussed herein may not be applicable to or appropriate for every investor and should be used only after consultation with professionals who have reviewed your specific situation.

Audio
2011-11-15

Senior Research Analyst Andrea M. Clark, CFA, revisits her July 2011 White Paper titled, 'The European Debt Crisis: Newly Dangerous, but Ultimately Not Crushing,' and proposes solutions to provide the troubled region with short-term cover while laying the groundwork for long-term economic reform and growth.

This material has been authored by an affiliate of BNY Mellon Wealth Management. The views expressed by an affiliate may be different from the views of BNY Mellon Wealth Management.

Article
2011-10-11

October 2011 Economic Update

Article
2011-09-22

September 2011 Economic Update

Article
2011-09-01

Large estates generally may be subject to estate and inheritance taxes following the death of the owner. For many wealthy individuals, life insurance offers a way to cover tax liabilities when used as part of a comprehensive estate planning strategy.

Article
2011-08-31

Investors today are cautious and doubtful, questioning not only the individuals who advise them but also the financial system as a whole. Yet the challenges of the market environment and the crosscurrents ahead make the right help—including sound ideas, dynamic strategies and effective plan implementation—more important than ever.

Article
2011-08-15

Investors today are cautious and doubtful, questioning not only the individuals who advise them but also the financial system as a whole. Yet the challenges of the market environment and the crosscurrents ahead make the right help-- including sound ideas, dynamic strategies and effective plan implementation--more important than ever.

Article
2011-08-11

August 2011 Economic Update

Article
2011-08-10

Paul Hatfield, chief investment officer and Simon Perry, managing director at Alcentra, make the case for investing in secured bank loans, arguing that the highest new issue credit spreads and strongest deal structures in over a decade offer historic opportunities to seek absolute returns in high single digits.

This material has been authored by an affiliate of BNY Mellon Wealth Management. The views expressed by an affiliate may be different from the views of BNY Mellon Wealth Management.

Article
Insights
2011-07-25

Senior Research Analyst Andrea M. Clark, CFA, analyzes Europe's sovereign debt crisis, outlines possible solutions, makes conclusions about the future of a troubled single currency, and discusses the resulting investment implications.

This material has been authored by an affiliate of BNY Mellon Wealth Management. The views expressed by an affiliate may be different from the views of BNY Mellon Wealth Management.

Article
2011-07-17

Almost everybody enjoys a good comeback. In sports, it is always exciting to watch an athlete or team whose popularity has faded return to glory. In many ways, the bond market's performance in the first half of 2011 can be viewed as an impressive comeback.

Article
2011-06-30

Navigating new worlds with old maps doesn't work. Yet that's what many investors today are doing. Their investment plans fail to recognize that the financial world has fundamentally changed, resulting in a new set of realities that will endure for many years to come.

Article
2011-06-23

June 2011 Economic Update

Article
2011-06-05

As recent market events continue to demonstrate, the investment world has fundamentally changed. In this new era, high net worth investors have many questions and concerns about how to best preserve and grow their portfolios, yet may feel less confident and more skeptical than ever about taking any action.

Article
2011-05-09

May 2011 Economic Update

Article
2011-04-13

Members of The Boston Company's U.S. Large Cap Value Team, Brian C. Ferguson, John C. Bailer and S. Joel Mittelman discuss the mounting evidence supporting a resurgence in the asset class.

This material has been authored by an affiliate of BNY Mellon Wealth Management. The views expressed by an affiliate may be different from the views of BNY Mellon Wealth Management.

Article
2011-04-11

Chief Investment Officer Leo Grohowski provides his insights on many of the risks in today's market, as well as strategies we are implementing to ensure that client portfolios are well positioned for this environment.

Article
2011-03-22

March 2011 Economic Update

Article
2011-03-01

A Qualified Personal Residence Trust (QPRT) provides a way to transfer a personal residence on a discounted basis, without the payment of a full transfer tax.

Article
2011-02-26

The inclusion of spendthrift provisions in trusts may prevent creditors from attaching the beneficiary's interest in the trust and/or limit a beneficiary's ability to transfer or pledge the assets in the trust.

Article
2011-02-17

A thorough review of all estate and retirement planning documents often reveals critical issues that merit attention during or soon after divorce proceedings.

Article
2011-02-11

February 2011 Economic Update

Article
2011-02-04

A Charitable Lead Trust allows the donor to transfer assets to future generations at discounted transfer tax values while generating income for the donor's choice of charity.

Article
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