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
Business & Executive Wealth
Wealth Protection & Legacy Planning
Taxes
Asset Allocation & Investing
Retirement Planning
Philanthropy
Industry Recognition
Banking & Lending
Sponsorships
Fixed Income
Equity
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
Chief Economist
Justin T. Miller
Senior Wealth Strategist
Jeffrey Mortimer
Director of Investment Strategy
Bernard Schoenfeld
Senior Investment Strategist
Date Range
Economy & Markets
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.

 

Economy & Markets
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.

Economy & Markets
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.

Economy & Markets
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.

Economy & Markets
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.

Asset Allocation & Investing
Philanthropy
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.

Fixed Income
2014-11-05

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

Economy & Markets
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.

Economy & Markets
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.

Equity
Economy & Markets
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.

Asset Allocation & Investing
2014-10-20

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

Economy & Markets
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.

 

Philanthropy
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.

Economy & Markets
Asset Allocation & Investing
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.

Economy & Markets
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.

Economy & Markets
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.

Asset Allocation & Investing
Equity
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.

Economy & Markets
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.

Economy & Markets
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.

Asset Allocation & Investing
2014-08-26

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

Business & Executive Wealth
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.


2014-08-12

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.

Economy & Markets
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.

Economy & Markets
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.

Economy & Markets
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.

Taxes
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.  

Fixed Income
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.

2020 Vision: The Most Critical DecadeSM
Asset Allocation & 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.

Economy & Markets
Asset Allocation & Investing
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.

Economy & Markets
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.

Economy & Markets
2014-07-02

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

Equity
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.

Retirement 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.

Economy & Markets
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.

Fixed Income
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.

Economy & Markets
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.

Economy & Markets
2014-06-02

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

Economy & Markets
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.

Wealth Protection & Legacy 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.

Retirement 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.

Wealth Protection & Legacy Planning
2014-05-12

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

Retirement 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.

Wealth Protection & Legacy 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.  

Economy & Markets
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.

Economy & Markets
2014-04-11

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

Economy & Markets
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.

Economy & Markets
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.

Equity
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.

Economy & Markets
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.

Economy & Markets
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.

Equity
Economy & Markets
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.

Economy & Markets
2014-02-19

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

Economy & Markets
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.

Economy & Markets
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.

Economy & Markets
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.

Economy & Markets
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.

Economy & Markets
2014-01-31

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

Economy & Markets
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."

Taxes
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.

Economy & Markets
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.

Economy & Markets
2014-01-17

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

Economy & Markets
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.

Wealth Protection & Legacy Planning
Philanthropy
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.

Taxes
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.

Economy & Markets
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.

Economy & Markets
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.

Other
2013-12-06

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


2013-11-25

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

Wealth Protection & Legacy Planning
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.

Economy & Markets
Taxes
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.

Economy & Markets
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.

Economy & Markets
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.

Wealth Protection & Legacy Planning
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.

Economy & Markets
2013-11-08

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

Economy & Markets
2013-11-06

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

Fixed Income
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.

Economy & Markets
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.

Economy & Markets
2013-10-18

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

Economy & Markets
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

Fixed Income
Economy & Markets
Asset Allocation & Investing
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.

Economy & Markets
2013-10-09

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

Economy & Markets
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.

Economy & Markets
2013-09-19

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

Economy & Markets
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.

Economy & Markets
2013-09-12

Dick Hoey shares his thoughts on interest rate normalization.

Fixed Income
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.

Economy & Markets
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.

2020 Vision: The Most Critical DecadeSM
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.

Economy & Markets
Fixed Income
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.

Economy & Markets
2013-08-12

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

Fixed Income
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.

Economy & Markets
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.

Economy & Markets
2013-07-29

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

Wealth Protection & Legacy Planning
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.

Economy & Markets
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.

Fixed Income
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.

Economy & Markets
2013-06-24

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

Economy & Markets
2013-06-17

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

Fixed Income
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.

Asset Allocation & Investing
Economy & Markets
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.

Taxes
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.

Fixed Income
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.

Fixed Income
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.

Asset Allocation & 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.
Economy & Markets
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.

Economy & Markets
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.

Taxes
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.

Philanthropy
2013-05-01

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

Economy & Markets
2013-04-19

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

Taxes
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.

Economy & Markets
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.

Economy & Markets
2013-04-08

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

Business & Executive Wealth
2013-04-05

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

2013-04-03

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

Business & Executive Wealth
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.

Taxes
Wealth Protection & Legacy Planning
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.

Economy & Markets
2020 Vision: The Most Critical DecadeSM
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.

Business & Executive Wealth
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.

Retirement Planning
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.

Economy & Markets
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.

Taxes
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.

Economy & Markets
2013-02-14

Dick Hoey's February Economic Update

Economy & Markets
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.

Wealth Protection & Legacy Planning
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.

Wealth Protection & Legacy Planning
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.

Wealth Protection & Legacy Planning
Taxes
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.

Fixed Income
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.

Economy & Markets
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.

Economy & Markets
2013-01-12

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

Taxes
Philanthropy
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.

Retirement Planning
Wealth Protection & Legacy 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.

Economy & Markets
2012-12-27

Dick Hoey's December Economic Update

Economy & Markets
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.

Economy & Markets
2012-11-13

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

Economy & Markets
2012-11-07

Dick Hoey's November Economic Update

Economy & Markets
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.

Economy & Markets
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.

Economy & Markets
2012-09-19

Dick Hoey's September Economic Update

Economy & Markets
2012-09-07

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

Economy & Markets
2012-08-09

Dick Hoey's August Economic Update

Economy & Markets
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.

Economy & Markets
2012-06-28

Dick Hoey's June Economic Update.

Asset Allocation & Investing
Economy & Markets
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.

Banking & Lending
2012-06-05

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

Economy & Markets
2012-05-23

Dick Hoey's May Economic Update.

Wealth Protection & Legacy Planning
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.

Fixed Income
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.

Wealth Protection & Legacy Planning
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.

Economy & Markets
2012-04-03

Dick Hoey's April Economic Update.

Wealth Protection & Legacy Planning
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

Business & Executive Wealth
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.

Fixed Income
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.

2020 Vision: The Most Critical DecadeSM
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.

Banking & Lending
2012-02-24

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

Wealth Protection & Legacy 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.

Economy & Markets
2012-02-08

Dick Hoey's June Economic Update.

Wealth Protection & Legacy Planning
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.

Fixed Income
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.

Fixed Income
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.

Asset Allocation & Investing
2012-02-06

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.

Wealth Protection & Legacy Planning
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.

Wealth Protection & Legacy Planning
2012-01-01

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

Retirement Planning
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.

Wealth Protection & Legacy Planning
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).

Wealth Protection & Legacy Planning
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.

Taxes
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.

Economy & Markets
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.

Economy & Markets
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.

Wealth Protection & Legacy Planning
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.

Economy & Markets
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.

Equity
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.

Fixed Income
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.

Economy & Markets
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.

Economy & Markets
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.

Wealth Protection & Legacy 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.

Economy & Markets
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.

Economy & Markets
2011-10-11

October 2011 Economic Update

Economy & Markets
2011-09-22

September 2011 Economic Update

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.

2020 Vision: The Most Critical DecadeSM
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.

Asset Allocation & Investing
2020 Vision: The Most Critical DecadeSM
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.

Economy & Markets
2011-08-11

August 2011 Economic Update

Fixed Income
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.

Economy & Markets
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.

Fixed Income
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.

2020 Vision: The Most Critical DecadeSM
Asset Allocation & Investing
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.

Economy & Markets
2011-06-23

June 2011 Economic Update

Asset Allocation & Investing
2020 Vision: The Most Critical DecadeSM
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.

Economy & Markets
2011-05-09

May 2011 Economic Update

Equity
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.

Asset Allocation & Investing
Economy & Markets
Equity
Fixed Income
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.

Economy & Markets
2011-03-22

March 2011 Economic Update

Taxes
Wealth Protection & Legacy Planning
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.

Wealth Protection & Legacy Planning
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.

Wealth Protection & Legacy Planning
Retirement Planning
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.

Economy & Markets
2011-02-11

February 2011 Economic Update

Philanthropy
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.

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