U.S. Trust Magazine

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

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 …

Small Business

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 …

Renewable Energy

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 …

Commercial Real Estate

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 …

Bank of America

Update on Brexit: What's Next for Britain and the EU?

The UK's vote to leave the European Union could have broad repercussions for Britain's and Europe's futures<p>WHEN THE BRITISH VOTED in June 2016 to leave the European Union (EU) after more than four decades of membership, jaws across the globe dropped in surprise. Most polls in the United Kingdom had …

Brexit

New President, New Realities for Investors

Optimism about the impact of President Trump's pro-growth platform on asset prices is accelerating tectonic shifts in the markets.<p>Prior to the presidential election, many economists predicted that, if enacted, the protectionist policies advocated by President Donald Trump during his run for the …

Stocks

CIO Roundtable: Investing Insights for a Year of Change

Our Chief Investment Office team discusses the opportunities for and risks to growth in the economy and the markets in 2017 and beyond.<p>We haven't seen a great rotation in a long time. The great rotation is on. It's going to take a lot longer than people expect.

Five Investment Themes for 2017

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 of this cyclical …

Tax Planning in an Era of Change

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>2016 Year-End Tax Planning …

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 …

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 …

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 …

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> …

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 …

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> …

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 …

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, …

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 …

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 …

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> …

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 …

Iran

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 …

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, …

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. …

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 …

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