U.S. Trust Magazine

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

Farm and Ranch

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 management<br>• Oversight of leases and current …

Wealth

2017 Year Ahead: A World Of Change

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>The Investor Strikes Back!<p>Looking back over the years at some of the Year Ahead thoughts they ranged from …

Economics

Pathways to Economic Progress

Bank of America partners to support economic mobility and helps illuminate diversity through the legacies of Jackie Robinson and Martin Luther King, Jr.<p>Lack of economic opportunity for young people of color has emerged as a defining social issue of our time. Unemployment rates for African-Americans …

Black Culture

Ready for Recreational Real Estate?

A ranch can be a rewarding portfolio asset and a source of long-term enjoyment.<p>Like many wealthy individuals in their younger years, you may have contemplated one day using your net worth to purchase your own ranch or other recreational property. But now that you have the necessary wealth, you may …

Wealth

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> …

Gaming Industry

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 …

Wealth

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 …

Bank of America

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> …

Wealth

Pursue Your Philanthropic Vision

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, philanthropy can provide a unique …

Philanthropy

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 …

Stocks

Family Enterprise and the Rising Generation

More often, families of wealth are giving their children a say in the family portfolio and encouraging the entrepreneurial spirit.<p>For many wealthy families, passing on shared values can be as important to maintaining the fabric of their family as transferring wealth — perhaps even more so. Indeed, …

Wealth

Security in the Digital Age

As our lives become more and more digital, families face increasing threats of cybercrime. Here are some ways to avoid becoming a target.<p>Generation Z has never lived without the Internet technology we use daily. They are “digital natives” to email, social networks and mobile devices.<p>As they grow …

Cybersecurity

Tying a Better Knot

As a new husband or wife is welcomed into a successful family, these steps may help pave the way for the marriage to be a happy one — and lessen the impact if it’s not.<p>Like most marriages, this one started with joy and promises of a lifetime of devotion. The daughter of a successful businessman and …

Marriage

Time in the Age of Instant

High-speed digital technology has given us countless ways to manage how we spend our time. But is it also changing who we are?<p>Think of all you can accomplish in a flash. With the touch of a button you open the blinds, adjust the lights and set the thermostat. A loved one calls and you video chat …

Bank of America

Can China’s Economy Bounce Back?

DeAnne Steele on the depreciation of the yuan, the changing focus of the Chinese economy, and what it all means for investors.<p><i>At the start of the year, global markets were falling as concerns about China’s growth rate and currency were on the rise. Now, at midyear, China is still a concern for some</i> …

Economics

Investing in Iran: Roses or Thorns?

In a nation newly open to foreign commerce, we find an abundance of investment opportunities — and caveats.<p><i>“He who wants a rose must respect the thorn.”</i> <br>— Ancient Persian proverb<p>Iran, with its roughly $400 billion market potential, abundant natural resources and young, well-educated population, is …

Middle East

Don’t Fight the Fed

Despite unfavorable predictions from many economists, a stable dollar and the Federal Reserve’s cautious stance seem to have staved off a global recession.<p>In early 2016, the <i>permabears</i> — economists and others with consistently negative views of the economy — were again forecasting a global recession …

Central Banks

Specialty Assets: Our Midyear Outlook

With 2016 market volatility expected to endure, investors continue to turn to tangible assets in a hunt for yield.<p>This year began with unusual volatility — a hangover from the difficult conditions at the end of last year — that has remained through the first half of 2016. In response, many …

Bank of America

Vacation Homes and Tax Planning

A second residence can generate tax benefits — if you plan ahead<p>It’s the summer, and many families will soon be creating treasured memories together at vacation homes. Whether you own a vacation home and rent it out, are looking to purchase or sell a property, or perhaps upgrade to a larger home, …

Taxes

IMPACT INVESTING: PEOPLE, THE PLANET AND PROFIT

<b>As Impact Investing Comes Of Age, Investors Can Finally Seek a Better World and Return on Investment.</b><p>Impact investing is a way to invest for positive social and environmental change and for profit – in short, "doing good and doing well." The strategy has not always been associated with profit. …

Philanthropy

Business Owners: You, Your Family, and Your Business

Life as a business owner can be complex. You make daily business decisions that affect the ongoing development of your company and your employees. You juggle commitments made to family and other personal interests. Understanding the challenges you face, and how they are interconnected, can lead to …

Small Business

Do Municipal Bonds Make Sense For You?

These bonds can offer important advantages for investors seeking income. Here, the head of Tax Exempt Research for U.S. Trust shares his outlook for municipal bonds, and points to three areas of the market investors should be cautious about.<p>We're positive on municipal bonds as a prudent investment …

Bank of America

Mid-year Update: What's the Outlook for Fixed Income Post-Brexit?

Chris Gunster, senior fixed income portfolio manager at U.S. Trust, provides his outlook on near-term interest rates and examines investors' "flight to safety" following the Brexit vote<p>The unexpected Brexit vote in the UK this past June to leave the European Union has been a bit of a "game changer" …

Bank of America

Britain Exits: What You Need to Know

Chris Hyzy, CIO for Bank of America Global Wealth & Investment Management, provides important insights on the UK vote to exit the European Union and what it means for the markets and your portfolio<p>Investors should consider diversifying even further into higher quality areas across all asset classes.

Bank of America

ALIGNING INVESTMENTS WITH VALUES

The <i>2016 U.S. Trust Insights on Wealth & Worth</i>® Survey cites giving back as a shared priority among the wealthy. Beyond philanthropy, many investors — particularly women — are interested in investing in companies that align with their values and make a positive impact while also providing financial …

Wealth

BUILDING A BUSINESS BUILDS WEALTH

What does today's high-net-worth business owner look like? As part of the 2016 U.S. Trust Insights on Wealth and Worth® Survey, we spoke to 242 business owners with at least $3 million in investable assets to gain insight into their journey to — and through — business ownership.<p>TOP …

Wealth

U.S. TRUST INSIGHTS ON WEALTH AND WORTH®

The 2016 <i>U.S. Trust Insights on Wealth and Worth®</i> survey explores who the wealthy are, where they came from, how they built and are sustaining their wealth and what they want to do with it. The survey revealed common success traits that create a picture of modern day wealth in America. While the …

Wealth

Technology is Disrupting Everything – Even Sneakers

In an interview with CNBC's Ron Insana, Chris Hyzy, chief investment officer of Bank of America Global Wealth & Investment Management, discusses how game-changing, innovative technologies are transforming almost every industry, from healthcare and energy to transportation and communications, …

Innovation

Today's investors are using their portfolios to change the world—without losing return potential.

IMPACT INVESTING HAS RAPIDLY EVOLVED. When it first came into vogue nearly 30 years ago, the idea was largely met with skepticism. Investments that hinged on values were considered philanthropic gestures practiced by a handful of investors trying to make a statement. Many values-based investors …

Wealth