Finance Archives

First Fidelity Bank offers layaway tips for Arizona residents

holiday.shopping
November 11, 2012 by in Business News | Finance

With the economy on the upswing for the first holiday season in years, national and local retailers alike are promoting layaway plans to help Arizona families buy something special for their loved ones without breaking the bank. “A layaway contract with a reputable retailer can be a great money-saving tool for the budget-conscious holiday shopper,”… Read More →

3 Phoenix-area companies offered access to growth capital

capital
November 6, 2012 by in Business News | Finance | Small Biz

The Initiative for a Competitive Inner City (ICIC), Bank of America, FORTUNE and the U.S. Small Business Administration (SBA) are proud to announce that they have selected three Phoenix-area companies for their annual Inner City Capital Connections (ICCC) program. This year the program received a record-setting 5,200 company nominations from across the country and selected… Read More →

Phoenix artists tap the internet to fund creative projects

Safwat_Saleem-2
October 31, 2012 by in Business News | Economy | Finance | Marketing | Tech

“If my life depended on it, I would die.” Safwat Saleem, 32, isn’t your average graphic designer – at least he doesn’t think so. He claims that if he had to rely on a career in art, the paint and brush kind, that he would die. This isn’t because his is lacking in talent but… Read More →

FirstSouthwest Expands Nationwide Presence with Phoenix Office

86798994
October 25, 2012 by in Business News | Finance

Dallas-based diversified investment bank FirstSouthwest, which has served as financial advisor on more bond and note transactions in the past ten years than any other firm, ranking No. 1 nationally for nine of the past 10 years according to MuniAnalytics, today announced the firm expanded its nationwide presence with the opening of a new office… Read More →

When to form a family office

83111273
October 24, 2012 by in Business News | Featured | Finance

The family office model has existed for centuries, beginning with European families and later adopted by American industrialists, like the Carnegies, Phipps and Rockefellers. GenSpring Family Offices improves upon the family office model in three ways: creating a multi-family office with multiple locations; advising on all elements of wealth and providing sustainable wealth management. Each… Read More →

Resolute Commercial Services’ Foster Named JA Board Chair

2012 JerryFoster06
October 18, 2012 by in Business News | Finance

Jeremiah Foster, principal and founder of Resolute Commercial Services, has been named board chair for Junior Achievement of Arizona.  As board chair, he will oversee the 48-member board of directors and lead the organization’s governance and policy strategies. In addition to his involvement with JA, Foster, a Scottsdale resident, is active in the community through… Read More →

National Bank of Arizona Hires New Business Banking Manager

153888767
October 16, 2012 by in Business News | Economy | Finance | Small Biz

National Bank of Arizona (NB|AZ) announced the hire of new business banking manager, Ward Hickey. Hickey has more than 25 years of experience in the Arizona banking industry, specializing in entrepreneurship, business development and small business administration (SBA) lending. “I am thrilled to join the NB|AZ team,” Hickey said. “I’m looking forward to expanding the… Read More →

Arizona Commerce Authority gets new CEO

sandra watson*280

The Arizona Commerce Authority — the state’s economic development organization — is finally getting a new CEO to replace Don Cardon. The ACA is charged with creating jobs and boosting the state’s economy. The Arizona Commerce Authority board voted unanimously Tuesday to have a board committee negotiate a contract with Sandra Watson, who was chief… Read More →

GenSpring ranked among nation’s top wealth managers

89444261
October 15, 2012 by in Business News | Economy | Finance

GenSpring Family Offices, a leading wealth management firm for ultra-high net worth families with an office in Phoenix, has been ranked by Barron’s in the top 40 of all wealth managers in the U.S. GenSpring ranked at No. 33 in Barron’s annual ranking and was recognized for its “open architecture” which offers clients “significantly more… Read More →

IO Closes $90 Million In Funding Led By New World Ventures

134969025
October 10, 2012 by in Business News | Economy | Finance | Tech

Phoenix-based IO, the leading provider of next-generation modular data center technology and services, today announced it has raised $90 million in equity from a group led by New World Ventures, a Chicago-based venture capital firm focused on technology innovations that fundamentally change markets. Existing IO investors also participated in the funding. “From the moment we… Read More →

Soaring College Cost And Financial Planning

Soaring College Cost and Financial Planning

Parents and students today should seriously consider saving for education cost early on. The cost of college tuition is becoming very expensive, specifically if your child is considering attending a private or out-of-state college. These costs have increased nearly 30 percent in the past decade and will most likely continue in the years to come.… Read More →

How To Avoid Non-Payment Of Invoices

How to Avoid Non-Payment of Invoices
October 9, 2012 by in Columnist Spotlight | Finance

While it is ideal if you can have your customers pay prior to or when the delivery of goods or services are rendered, it is not always possible to finalize a deal on these terms.  More often than not, goods and services are purchased on credit or on term agreements to pay in the near… Read More →

A Guide To Applying For A Bank Loan

A Guide to Applying for a Bank Loan
October 8, 2012 by in Columnist Spotlight | Finance

Every business at some point will require outside financing; his generally means obtaining some form of bank loan. For many, this turns out to be a very aggravating and frustrating process. You may be financing a new business or simply be in need of seasonal financing, but proper planning will substantially enhance your chances of… Read More →

Tips for dealing with cap gains tax hike

139537740

The impending jump in capital gains taxes has prompted a flood of nervous calls to financial advisers in recent months. Less than three months remain until the maximum rate of 15 percent on long-term gains rises to 20 percent unless Congress extends the Bush-era tax cuts. On top of that, the health care reform package… Read More →

LifeLock falls in 1st day of trading on NYSE

LifeLock2
October 3, 2012 by in Business News | Finance | Tech

Shares of LifeLock fell more than 3 percent in its first day of trading as the online provider of identity theft protection services priced its initial public offering below the anticipated range. The Tempe company dropped 30 cents, or 3.2 percent, to $8.70 in morning trading on Wednesday. The shares opened at $8.38, down 7… Read More →

Mutual of Omaha Buys Mortgages to Support Habitat Mission

121628839
October 2, 2012 by in Business News | Finance

A growing number of families in central Arizona now have access to affordable housing, thanks in part to a unique arrangement between Habitat for Humanity Central Arizona (HFHCAZ) and Mutual of Omaha Bank. Mutual of Omaha Bank recently purchased more than two dozen non-interest bearing mortgages originated by Habitat for Humanity, totaling approximately $740,000. HFHCAZ… Read More →

Save money with smart open enrollment changes

140007839
September 28, 2012 by in Business News | Finance | Healthcare

Employers will soon be offering workers their yearly opportunity to make changes to their health care benefits. All too often this open-enrollment period has required combing through pages and pages of confusing insurance terms, according to an Associated Press report. But this year workers will receive help translating that jargon thanks to a new requirement… Read More →

Arizona Chapter of FEI announces new officers

86798994
September 26, 2012 by in Business News | Economy | Finance

The Arizona Chapter of Financial Executives International (FEI) announces the election of its new officers and board of directors for fiscal year 2012-13. The newly elected leadership team is comprised of finance executives in the Phoenix-metro area who represent and advocate for the interests of finance professionals of companies in all industries, all sizes, public,… Read More →

Families should act now to preserve wealth

78487308
September 26, 2012 by in Business News | Finance

Families who have had to face the estate tax know that it can destabilize their family businesses and create major headaches for their children and grandchildren. Unfortunately, for more than a decade it’s been nearly impossible for families to do informed planning with any solid understanding of what Washington’s future intentions may be. In fact,… Read More →

Mutual of Omaha Names Manager of Mortgage Sales for Arizona

Winter, Robert 80565
September 25, 2012 by in Business News | Economy | Finance

Mutual of Omaha Bank has promoted Robert Winter to manager of mortgage sales for Arizona. Based in Scottsdale at 9200 E. Pima Center Parkway, Winter will lead the bank’s statewide mortgage lending group as they offer a comprehensive portfolio of residential financing solutions including conventional loans, jumbo loans, second liens, bridge notes, FHA and VA… Read More →

Wealth Management Q&A With GenSpring Executives

89524671

Here are answers to some common wealth management questions from Pat Soldano, chairman – Western Region, GenSpring Family Offices, and Mark Mushkat, senior advisor – Western Region, GenSpring Family Offices: What is the biggest mistake people make — that could be corrected by an effective financial adviser — when they try to manage their assets… Read More →

Ways To Boost Financial Performance In Face Of Economic Uncertainty

Ways to Boost Financial Performance in Face of Economic Uncertainty
September 13, 2012 by in Columnist Spotlight | Economy | Finance

Here we are in a challenging economic environment that spans almost every industry. Every day we are reminded of this with still high unemployment rates, less than hoped for corporate financial results, bankruptcies and foreclosures, low consumer confidence, etc. With this news constantly put before us, I frequently hear from business colleagues that it isn’t… Read More →

Risky Investments: How Much Of Your Porfolio Is Risky?

Are Your Investments Safe Or Risky?
September 12, 2012 by in Columnist Spotlight | Finance

It’s been only four years since our Great Recession, and the investment world has changed drastically. Many investors are thinking, planning and attempting to grow their wealth more cautiously. In many cases, it’s not about growth but preserving what one already has. It wasn’t long ago when general planning of life was much simpler. We… Read More →

Wells Fargo Celebrates Arizona Teacher of the Year

86490299
September 5, 2012 by in Business News | Education | Finance

Wells Fargo is honoring Arizona’s Teacher of the Year on its ATMs across the state. For the month of September most of Wells Fargo’s 544 ATMs in Arizona will feature a screen congratulating 2012 Teacher of the Year Kristie Martorelli. Wells Fargo’s ATM users can learn more about Martorelli’s teaching achievements by simply pressing a… Read More →