Financial Management Archives

What to do if you’re a victim of IRS data breach

cybercrime

The Internal Revenue Service (IRS) announced Tuesday that a brute force hacking attempt has compromised approximately 104,000 taxpayer accounts through the utilization of the “Get Transcript” tool located on IRS.gov.  Hackers utilized information gleaned from black market sources to answer identity verification questions and receive confidential information from the IRS system.  The IRS reports that… Read More →

Longer-term car loans gain popularity in Arizona

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When Tucson resident Valerie Vinyard purchased a new car in 2010, she expected to take out a five-year loan, but the dealership presented her with a longer financing option to reduce her monthly payments. Vinyard opted for a six-year car loan to reduce her payments to about $200 a month, which shaved off $50 to… Read More →

Foster financial clarity before wedding, expert warns

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With June coming up, wedding season is fast approaching.  Couples of all ages are working out the final details before they walk down the aisle. However, older or more financially settled people, who may be on a second (or third) marriage, may need to take a few additional steps to ensure the well-being of their… Read More →

Understanding the pros and cons of cash advances

Money Crunch

Small business growth can benefit from efficient access to capital, yet there are numerous challenges making it difficult for small business to secure such capital. Owners are often time and resource constrained, and the traditional borrowing process is time consuming and burdensome. Access to more traditional loans is also challenging in part because it is… Read More →

FirstBank expands with North Scottsdale branch

FirstBank opened a new branch at the corner ofScottsdale Road and Pinnacle Peak on May 13th and will host aribbon cutting on May 28

FirstBank Holding Company, a holding company with multiple banking locations throughout Arizona, announced the opening of its newest branch in north Scottsdale at 23399 N. Scottsdale Rd., Ste. E101, Scottsdale, AZ 85255.  The major cross streets are Scottsdale Road and Pinnacle Peak.  The 4,000 square-foot location officially opened on May 13th and marks FirstBank’s 16th… Read More →

FEI president hopes to help Arizona chapter give back

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Adam Miller brought a broad range of experiences in finance, accounting, auditing, personnel, real estate, manufacturing and operational management to his role as president of the Arizona Chapter of Financial Executives International (FEI). Miller became CFO of Barron Lighting Group in 2010 and has helped the company achieve double-digit growth in the years since joining… Read More →

How will Obama plan impact financial planners, consumers?

wealth

President Obama recently announced a “new” ruling requiring financial advisors to put their clients’ interests above their own. Sounds like a good thing, right? Not so fast. “We have ongoing concerns that the Department of Labor and the White House have completely ignored the existence of the robust regulatory regime under the SEC and (Financial… Read More →

AXA Advisors Southwest awards scholarships

Dillan Micus

AXA Advisors Southwest, a leading provider of financial services for consumers and businesses, has announced that Anvita Gupta, a high school senior attending BASIS in Scottsdale, will receive $25,000 as a national winner of the 2015 AXA Achievementsm Scholarship in association with U.S. News & World Report.  Gupta is one of 52 students – one… Read More →

Portfolio risk vs. achievement of goals

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Risk tolerance is often the first subject wealth advisors assess when trying to help investors create the ideal asset allocation mix. As a result, determining individual risk thresholds becomes the foundation for portfolio planning. But can this focus on risk actually interfere with the attainment of personal financial objectives? In determining the appropriate asset allocation… Read More →

AXA Advisors Southwest earns Governor’s Award

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The Governor’s Commission on Service and Volunteerism announced that AXA Advisors Southwest, a leading provider of financial services for consumers and businesses, has been named a recipient of the 2015 Governor’s Volunteer Service Award for its dedicating to volunteerism, fundraising and general community service. AXA Advisors Southwest was honored by Governor Doug Ducey’s office on… Read More →

Here are the best ways for funding a startup

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Researching how to fund a startup can be an arduous task. Many start the process by “bootstrapping”, which is the exact opposite of funding. It essentially means the entrepreneur uses their own savings to fund the business. There are many companies that have successfully launched using this strategy before taking on investors. For example, MailChimp and AirBnB… Read More →

Desert Schools provides 5 tips for financial fitness

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April is National Financial Literacy Month and Desert Schools Federal Credit Union has joined in the celebration, hoping to provide local consumers with some helpful tips to become savvy savers and spenders. The goal of the month, recognized officially in 2004 by the United States Senate, is to teach individuals and families how to better manage their budgets, pay… Read More →

REDW forms Alliance Benefit Group Southwest

Key Elements to Retirement Planning

REDW LLC, one of the largest and most respected certified public accounting and business consulting firms in the Southwest, has announced the formation of Alliance Benefit Group Southwest (ABG-Southwest), a separate company for retirement plan recordkeeping and third-party administration services. The change took effect earlier this year, when all REDW team members in the group transitioned to the… Read More →

What retirement looks like for Arizona’s affluent

Key Elements to Retirement Planning

BMO Private Bank today released a study examining what retirement looks like or will look like for high-net worth Arizonans (defined as those with investable assets of $1 million or more). The study is part of BMO Private Bank’s Changing Face of Wealth series examining trends among affluent Americans.   According to the study, a… Read More →