U.S. Trust Magazine

By U.S. Trust | Informed insights to help you pursue your financial goals.

2017 Insights on Wealth and Worth®

SURVEY RESULTS<p><b>Generations collide and unite in this year's study</b><p>In the 2017 <i>U.S. Trust Insights on Wealth and Worth</i>® survey, we asked over 800 high-net-worth individuals their thoughts on investing, the workplace, family relationships, philanthropy and more.<p>A generational shiſt is now more apparent …

Wealth

Bank of America Commits to Carbon Neutrality by 2020

The purchase of 100% renewable electricity and a 40% cut in energy use are part of the bank’s plan.<p>Bank of America recently strengthened its long-standing commitment to a better world. This past September, the bank announced new operational goals that it expects to meet by 2020, including plans to …

Bank of America

Financial Empowerment: It’s a Woman Thing

U.S. Trust seminars show that women can bolster their financial acumen by tapping a powerful but underutilized resource — each other.<p>Knowledge is power, the adage goes, but according to one study of women’s financial challenges and goals, it does not translate into confidence. Conducted by the …

Wealth

Reducing the Tax Bite by Postponing It

Imminent tax cuts could make deferring income especially rewarding this year.<p>Before the chronically underperforming Chicago Cubs broke a 108-year championship drought with their 2016 World Series victory, their beleaguered fans found solace in the rallying cry, “Wait until next year.” Made …

Retirement

Making Globalization Work for Everyone

To check the popular revolt against trade and immigration, the benefits of globalization must be distributed more equitably.<p>Dissatisfaction with the status quo reached fever pitch in 2016, fueling populist movements that shocked the global political establishment and roiled the financial markets. …

Bank of America

Arts Calendar 2017

Upcoming events from Bank of America's Arts & Culture program<p>Bank of America‘s Arts & Culture program seeks to engage individuals, communities, corporations and cultures in creative ways to build mutual respect and understanding worldwide. The program also helps the bank fulfill its …

Bank of America

The Ripple Effect of Brexit

The repercussions of the UK’s vote point to an uncertain future across the Eurozone and elsewhere — at least for the time being.<p>When the British voted last year to leave the European Union (EU) after more than four decades of membership, jaws across the globe dropped in shock. Most UK polls had …

Technology Gives Healthcare an Adrenaline Shot

With technology generating futuristic advances, look for investment opportunities within healthcare — and beyond.<p>The silicon chip and the stethoscope have long gone hand in hand. Indeed, Moore’s Law, a widely used forecast of rising computing power, can often seem to be nudging healthcare into the …

The Growing Adoption of Wind Power

This month's U.S. employment report reinforced a familiar trend in the current expansion, with the healthcare sector among the leading contributors to non-farm payroll growth in February. In absolute terms, healthcare has delivered the most in employment gains over the course of the cycle so far …

New Administration, New Realities for Investors

Optimism about the impact of President Trump’s potentially pro-growth policies accelerates tectonic shifts in the markets.<p><i>Prior to the presidential election, many economists predicted that, if enacted, the protectionist policies advocated by President Donald Trump during his run for the White House</i> …

Anchored by Discipline and Patience

Strict adherence to its investment process and a long-term time horizon have paid dividends for Schafer Cullen Capital Management and its clients.<p>As a young naval officer on the U.S.S. Essex, Jim Cullen learned that in a fogged-in harbor, a skilled navigator could pilot the 27,000-ton aircraft …

Getting Your Giving Right

Adopting philanthropic best practices can make one’s charitable giving both more impactful and more satisfying.<p><i>“To give away money is an easy matter and in any man’s power. But to decide to whom to give it and how large and when and for what purpose and how is neither in every man’s power nor an</i> …

Art in a New World

The art market is attracting new buyers and changing attitudes toward art as a part of an overall financial portfolio.<p>From baroque and romantic to surrealist and modern, the world of fine art has a long history of innovation, with artists constantly exploring new ways to express their experiences …

U.S. Trust Focuses on Impact Investing

A primer, a web page and more — all designed to help you on your journey to doing good while doing well.<p>Investing for impact has long been a top priority at U.S. Trust. For years we’ve offered investment approaches that seek to make beneficial social and environmental changes without sacrificing …

Putting the Success in Your Succession Plan

5 steps to ensure that the transfer or sale of your business is right for you, your business and your family.<p>Succeeding in business requires sound decision making guided by logic and objective analysis of the facts. That said, many business owners say their best decisions are the ones made on …

Small Business

March 2017 ISO: Too Much Growling and Howling

INVESTMENT STRATEGY OVERVIEW (ISO)<p>U.S. Trust's outlook on the economy, the markets, investment trends, portfolio considerations and asset-class weightings.<p>See all our latest ISO updates below.<p>Buffaloes Stampede Bears<p>Can you hear the bears growl? Have you heard the wolves howl? Both have recently …

THE OWNER’S EMOTIONAL JOURNEY

Experience is often the best teacher. Based on our many years of experience working with business owners, we understand the ramifications involved when they don't proactively plan the sale of their business. We also see how emotions and attitudes can often stand in the way of taking that important …

Powering a Brighter Future

Renewable sources like solar and wind could be critical to meeting the planet's soaring demand for energy—and addressing the growing threats from climate change and pollution.<p><b>GLOBAL ENERGY DEMAND IS GROWING and is expected to rise by nearly one-third between 2013 and 2040.</b>1 To meet this increasing …

SPECIALTY ASSET MANAGEMENT OUTLOOK

Navigating Uncertainty with Specialty Assets.<p>The winds of change blew steadily throughout 2016, bringing unexpected events which will influence the U.S. and world economy in the year ahead and give pause to investors seeking both stability and opportunity. First, in June, on the strength of a …

Sci-Fi M.D.: Moore's Law Meets the Hippocratic Oath

With technology generating futuristic advances, look for investment opportunities within healthcare — and beyond.<p><i>Insights from Sarbjit Nahal, head of thematic research at BofA Merrill Lynch Global Research and<br>Joseph Quinlan, head of market & thematic strategy at U.S. Trust</i><p>The silicon chip and the …

Five Investment Themes for 2017

INVESTMENT THEMES<p>After a rocky start to 2016, global equity markets are ending the year on a high note with solid gains for the fourth quarter so far in the U.S., Europe and Japan. We look for the advance to continue next year as global growth accelerates and corporate earnings improve. But on top …

Tax Planning in an Era of Change

Taxes<p>We continue to anticipate a fairly stable tax environment for the next several years. Still, a number of new laws do have wealth planning implications, and several proposals that could eventually become laws are worthy of serious consideration.<p>Explore our latest thinking:<p>2017 U.S. Trust Tax …

Farm and Ranch

Specialty Asset Management<p>At U.S. Trust, our professionals directly coordinate the management of over 1.5 million acres¹ of farm and ranch land. We can help enhance the value of farms and ranches held outright or in a trust.<p>Our farm and ranch professionals provide:<p>Professional land …

In Conversation With Jane McGonigal

Shall we play a game? The author and video game designer talks time, gaming and the future.<p><i>Jane McGonigal is a New York Times best-selling author and the creator of</i> SuperBetter <i>— a video game and smartphone app designed to help users stay strong, motivated and optimistic in the face of difficult</i> …

The Pitfalls and Potential of Startups

Creating a business can let you control your destiny, but what happens when investors want to control your company?<p>For many entrepreneurs, starting a business begins with the desire to control their destiny and an idea that they believe can fulfill an unmet need in the marketplace. Invariably, the …

Rebuilding America

Much of the funds needed may come from the private sector.<p>When Congress passed the Fixing America’s Surface Transportation (FAST) Act in December 2015, it committed $305 billion to fixing our nation’s ailing infrastructure. Yet, even that may not be enough. The American Society of Civil Engineers …

Families of Wealth: Perception vs. Reality

A recent U.S. Trust survey reveals that deeply held values, rather than a sense of privilege, are what shape generations of wealthy families.<p>It should come as no surprise that common perceptions of the wealthy often have little or no connection to reality. Indeed, as the results of the 2016 <i>U.S.</i> …

Pursue Your Philanthropic Vision

Philanthropic Solutions for Individuals<p>Philanthropy is about more than giving money — it is about pursuing goals of great personal importance. Whether you wish to establish or continue your tradition of giving, unite your family around a common purpose or contribute your own experience in new ways, …

Repositioning Your Portfolio in Seven Steps

With periods of greater volatility and lower growth expected, here’s what to consider when managing your portfolio.<p>We believe the United States economy is in the mid-cycle phase of a long economic expansion. Alongside this expansion, equity markets have rallied and, after a long period of being …