U.S. Trust Magazine

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

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

Correlation Kookiness

When it comes to stock market correlations, investors may point to a number of long-standing “rules” that help guide their investing. Among them: Stock prices and bond prices move in opposite directions, — as do stock prices and oil prices — while stock prices and bond yields move in the same …

Finance

U.S. Productivity Growth: Miserable or Just Mismeasured?

After the global financial crisis of 2008, many economists projected that the United States economy would steadily recover, eventually returning to pre-crisis strength, or at least close to it, within a matter of years. Yet, almost a decade later, the current state of the economy continues to defy …

Economics

Globalization's Digital Future

TODAY, VOTERS, ECONOMISTS, POLICY MAKERS and investors are questioning the future of globalization and, within it, the direction of free trade: Will it reverse, with companies and manufacturers retreating from the global scene due to nationalistic impulses? Or, will it strengthen by evolving into a …

FinTech

The Rise of the Machines

AMONG THE MANY EMERGING TRENDS IN THE technology sector, the rise of artificial intelligence (AI) is likely to be one of the most significant over the coming years. AI refers to the ability of machines to perform tasks that would typically be associated with human cognition such as responding to …

Intelligence

Getting a Bigger Bang for the Infrastructure Buck

IF THERE IS ONE POINT ON WHICH Republicans and Democrats can agree it is that the United States cannot generate strong, sustainable economic growth unless it modernizes its infrastructure. The Obama administration lobbied for a massive infrastructure program to heal the U.S. economy post-financial …

Finance

MAKING IT YOUR MISSION

The Philanthropic Solutions team at U.S. Trust is committed to making your philanthropic endeavors more effective, efficient, and personally fulfilling. Drawing on our deep resources and experience in philanthropy, we can work with you to design, implement, and evaluate your philanthropic plan to …

Philanthropy

The Tortoise and the Hare Cycle

2017 Update: What's Next for the Economy, Markets & Washington?<p>Our Chief Investment Office team discusses the outlook for equities and bonds, Fed policy and interest rates, global growth and where Washington could make progress on policy<p>As we close out the first half of 2017, global equity markets …

Finance

Reaping What We Compute: The Future of Technology in Agriculture

A trip to a modern American farm employing precision agriculture techniques would likely impress even the most discerning gadget enthusiasts: self-driving tractors, mobile command centers of tablet computers constantly beaming information to the cloud for analysis and real-time decision making, …

Agriculture

ESTATE ADMINISTRATION IN THE DIGITAL ERA

WHAT ARE DIGITAL ASSETS?<p>Digital assets typically exist only in electronic form and may have monetary value. As executor, you should keep an eye open for evidence of these assets when inspecting a decedent's electronic devices or online storage accounts.<p>Digital assets can extend to ownership of …

Bank of America

2017 Insights on Wealth and Worth®

<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 than ever. …

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

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 …

Brexit

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 …

Bank of America

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 …

Finance

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> …

Finance

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 …

Investing

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> …

Philanthropy

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 …

Finance

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 …

Philanthropy

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 …

Retirement

2017 Mid-Year ISO: The Tortoise and the Hare Cycle

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>As we close out the first half of 2017, global equity markets are hovering around record highs, long-term bond yields have been stuck in a …

Bank of America

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 …

Finance

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 …

Economy