CIBC Private Wealth Blog
Buying Your First Home: Making Sense of Mortgage Clauses
March 01, 2016
One of the less glamorous but nonetheless crucial steps in buying a new home is dealing with the sizable amount of paperwork you’ll be required to sign at the closing or settlement meeting. If you required mortgage financing to purchase your property, the mortgage contract is among the most important documents you’ll sign. A mortgage contract will often contain one or more provisions—called...
Millennial Women and Money: An Introduction
February 25, 2016
As young adults, millennials are faced with significant uncertainty. They may not have full knowledge of the world, but they do have adult responsibilities. And our world today is full of the unexpected: The U.S. economy is less reliable, the markets are more volatile and issues like risk are even greater for this demographic. Millennial women, in particular, face even...
Atlantic Trust wins 2016 Private Asset Management Award
Eric Propper, CFA
February 24, 2016
We are pleased to announce that Atlantic Trust has been recognized as Best Private Wealth Manager—Overall by Private Asset Management (PAM). The 2016 PAM Awards were announced February 22 at a ceremony in New York. Eight firms were shortlisted for this award. This is an impressive achievement that offers further evidence of our firm’s commitment to providing the...
Is the Stock Market Signaling Recession?
Dave Donabedian, CFA
February 23, 2016
“The stock market has forecast nine of the last five recessions.” — Paul Samuelson, Nobel Prize winning economist The U.S. equity market has endured two corrections (i.e., declines of more than 10%) in the last six months.1 Along with deeper market plunges abroad and the struggling energy sector, stock market volatility has raised anxiety about...
Oil Prices: Commentary on Key Facts and Their Implications
Paul McPheeters, CFA
February 22, 2016
Over the last few days, a number of interesting comments have been made by oil ministers of some of the largest oil-producing countries in the world. Unlike comments over the last few months, we view the most recent comments as material events. They support our view that oil prices are unlikely to stay much below $50/bbl for very long. Below are several key facts and...
Best Practices to Protect Your Home and Family
February 19, 2016
Risk may come to mind when you think about investments, but not necessarily when you think about your children’s nanny, your neighbors using your boat or connecting with old friends on Facebook. All carry the potential to threaten your financial security, but most risks can be managed and minimized—if you know the “best practices” to follow. Risk carries with it a...
The 2016 Social Security Changes You Should Know About
Art Graper, CFP®
February 18, 2016
It came literally in the dead of night. A 3:00 a.m. vote by the U.S. Senate in early November on the bill to extend the country’s borrowing authority included a significant add-on change to Social Security that caught many by surprise—and is bringing new complexities to the question “When should I start claiming Social Security benefits?” But first, it’s important to...
When is the "Right" Time to Start Planning for Retirement?
Trevor Hancock, CFA
February 17, 2016
For young professionals in their 20s and 30s, the thought of retirement—a milestone that many do not achieve until their 60s—is a fleeting one. But if you take the mindset that retirement is still too far away to worry about, you may find yourself at a disadvantage in the long-term. For example, Social Security may be around when you retire, but the benefit that you get...
Atlantic Trust Wealth Strategies Group Completes Legacy Training
February 12, 2016
Last week, members of Atlantic Trust’s Wealth Strategies Group participated in the final day-long session of a four-part educational series about family legacy planning. Each session in this series was facilitated by Matthew Wesley, J.D., M.Div., an internationally recognized advisor to business and legacy families and the founder of The Wesley Group. The purpose of...
6 Things Novice Investors Need To Know About Stocks
Brant Houston, CFA
February 09, 2016
Much has been said about the financial opportunities afforded by investing in stocks, but according to personal finance website Bankrate.com, only about 26% of adults under age 30 own stock. The same article reported that of those avoiding stocks, 21% said they don’t know how to invest and 9% cited a lack of trust in brokers and advisors. And yet, although past performance is no...
Atlantic Trust 2016 Investment Outlook Webinar
Dave Donabedian, CFA
February 05, 2016
Atlantic Trust hosted an investment update webinar on January 20, in which the Investment Team and I addressed key issues facing financial markets this year. The presentation focused on five main themes: Federal Reserve policy, corporate credit risk, stock market profits, energy prices and China. We concluded the call by reviewing key portfolio takeaways and answering...
How To Navigate The Tough Health Care Decisions
February 03, 2016
Black and white scenarios are simple. They usually involve just one decision and there is some predictability in their outcomes. Gray areas, on the other hand, involve several, often interconnected, decisions and vary based on the preferences of the people involved as well as their particular circumstances. These scenarios are often unpredictable and can be confusing or stressful. They...
What You Need To Know About Opening An IRA
John Switchenko, CTFA
February 02, 2016
Often considered the most basic form of retirement planning, the individual retirement account, or IRA for short, accounts for 26.5% of all U.S. retirement savings. Unlike the employer-sponsored 401(k), many IRAs are opened and maintained by individuals who may not have access to other retirement plans. In fact, almost anyone with taxable income (and even nonworking spouses) can...
Smart Money Moves For Your Annual Bonus
January 29, 2016
The end of the year is often a celebration of family, tradition and the fruits of our labor over the last year. For many, it is also the time for another kind of custom—the annual bonus. A bonus can be a welcome windfall and a well-deserved reward, but also something that can be spent in countless different ways. The possibilities are certainly tempting, but remember that you don’t have...
Judith Saxe Named to NAEPC Board of Directors
January 28, 2016
It is my pleasure to announce that Judith Saxe, managing director and senior wealth strategist for our Boston office, has been named to the National Association of Estate Planners and Councils (NAEPC) board of directors. This appointment follows her 10-year tenure as a director of the Boston Estate Planning Council—one of the nation’s largest and most prestigious...
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