Financial Management Archives

BMO Private Bank Boosts AZ Senior Staff

A Guide to Applying for a Bank Loan

BMO Private Bank announced new senior staff additions and promotions at the wealth management firm’s Arizona offices, which serve high-net-worth individuals, family-owned businesses, endowments and foundations throughout the Western United States. • Ashley Ober is now serving as managing director of the greater Phoenix market, overseeing strategic development and delivery of wealth management services provided… Read More →

REDW, Comerica Host Succession Planning Seminar

hand over of house keys

Research shows that 70% of family businesses will not make it to the second generation, and that 90% will not make it to the third.  Yet most family and privately held businesses do not have a leadership and capital succession plan in place. REDWLLC, one of the largest and most respected certified public accounting and… Read More →

First job: Miller Russell Christina Burroughs

Christina Burroughs
PHOTO BY: Shavon Rose

As managing partner at Miller Russell Associates, a leading Phoenix-based investment and wealth management advisor, Christina Burroughs works with client families on investment planning, strategic multi-generational planning, and philanthropy. But her work life wasn’t always so sophisticated. Az Business: What was your first job?  Christina Burroughs: At 14, I was eager to work and was eligible for… Read More →

Steps to Streamline your Accounting Department

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Streamlining accounting departments can be a daunting task and more often than not the simplest approach is overlooked. However, keeping it simple is generally the best course of action to take when trimming the fat. In many accounting departments the day-in-day-out tasks were created a zillion years ago and have become a part of the… Read More →

SagePoint Financial builds recruiting team

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Phoenix-based SagePoint Financial, Inc., one of the leading independent broker-dealers in the nation, has named Genevieve Hodges-Sisco, Senior Vice-President of Recruiting. She will focus on recruiting individual financial advisors and groups to the broker-dealer. Additionally, Nathan Akers has been named Vice-President, Recruiting, assisting Hodges-Sisco in the firm’s recruiting activities. “We are committed to recruiting talented… Read More →

Financial Experts Applaud Financial Literacy Law

money-talks

Arizona has joined 24 other states in passing Senate Bill 1449, which requires schools to teach financial literacy in a K-12 setting. It comes after a report from the Center for Financial Literacy, which gave Arizona a “B” for its efforts to improve financial literacy in high schools. “The new law has tremendous value in… Read More →

Medicaid Expansion Helps Hospitals’ Financial Health

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Now that the debate over Medicaid expansion and restoration is over and the issue has moved from the political arena to the medical arena, hospitals are already starting to see an impact. “Our self-pay has been declining since Medicaid expansion took effect,” said David Covert, chief operating officer, Western Division, IASIS Healthcare, and CEO for… Read More →

8 steps to successful payment collection

equal pay

Although the economy is improving, collections remains a daunting task for many companies. Recognizing the challenges and establishing necessary procedures can help to turn the situation around. All business owners want to reduce the number of late paying clients and to build stronger customer relationships. The question is, “How?” Despite all the high-tech solutions available… Read More →

Dos and Don’ts when Paying for College

college graduates

Back to school specials are about to take over our shopping experiences once again, but for many high school students, this is also the time to start shopping for college. It takes more than clipping out a coupon to make sure you get a good deal. To many, it can seem so intimidating that many… Read More →

Most High-Net Worth Arizonans Enjoy Hobby Investing

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BMO Private Bank today released the results of a study on high-net worth Arizonans (those with at least $1 million in investable assets) and hobby (or passion) investing. The study, the fifth and last in a series by BMO Private Bank examining trends among the affluent, found that half of the state’s wealthy engage in… Read More →

Expert offers advice on estate planning

Leibsohn

Hope Leibsohn is an estate and tax planning attorney with Sherman & Howard. She has more than 25 years of experience in all aspects of estate planning involving wills, trusts, charitable techniques, estate freezes, and other sophisticated wealth transfer strategies. Az Business got Leibsohn’s views on estate planning. Az Business: Who should have an estate… Read More →

Arizona Central Credit Union Launches Kids’ Website

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Arizona Central Credit Union is launching a new initiative to encourage financial literacy among children. Designed for children between the ages of 8 and 12, this program is intended to encourage sound financial habits and further an awareness of positive saving and spending practices. Molly and Moe are the official mascots of the Monkey Money… Read More →

Avoiding a Cash Flow Crisis

Get more cash

Maximizing profits and growth while also maintaining adequate cash flow is one of the most difficult challenges a young business faces, but it’s also one of the most important. The old adage that “cash is king” has never been truer given today’s challenges for securing a funds or attracting investors. To utilize capital to spur… Read More →

Take Charge America: 7 Fees You Should Avoid

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It seems there’s a fee for everything. It can be hard to keep track of all of the bank account fees, credit card fees and convenience fees consumers are charged – and it’s even harder to know which fees can be avoided altogether. “In many cases, people don’t realize how much they’re paying out, as… Read More →