Finance Archives

Increasing Cash Flow, Becoming A Debt-Free Company

Increase Cash Flow, Reduct Debt
September 4, 2012 by in Columnist Spotlight | Finance

How much debt financing is right for a business? In today’s low-cost money environment, the “easy” answer might be “as much as you need” because it is inexpensive (depending on a company’s financial situation). However, the credit environment has tightened significantly during the past two years because of the stress that has been placed on… Read More →

“MACH” A Match For Whistleblowers

"MACH" A Match for Whistleblowers
August 28, 2012 by in Columnist Spotlight | Finance

In 2002, the Sarbanes-Oxley Act (SOX) breathed new life into whistleblower programs for U.S.-listed public companies. This legislation had a particular impact on audit committees, handing them the responsibility of, “establishing procedures for The receipt, retention and treatment of complaints received by the issuer regarding accounting, internal accounting controls, or auditing matters; and The confidential,… Read More →

New Technology Makes Financial, Inventory Management Easy, Affordable

New Technology Makes Financial, Inventory Management Easy, Affordable
August 27, 2012 by in Columnist Spotlight | Finance

The expansion of the Internet and the growth of online financial tools continue to change the way we do business. With the development of Web-based and online tools, it is easier than ever for small business owners to manage day-to-day operations, track financial transactions and measure performance. Unlike the more costly software packages many companies… Read More →

5 Common Small Business Challenges

5 Common Small Business Challenges

In working with small, growing entrepreneurial businesses, I have discovered several common financial-related issues with which they struggle. When I first start working with these businesses, most if not all of these issues exist. All of them are critical to their success in managing and growing their businesses. The good news is that with time… Read More →

BBVA Compass’ Herndon Will Chair Arizona Bankers Association

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The Arizona Bankers Association (AzBA) announced  that Lynne B. Herndon, city president for BBVA Compass, will serve as the 2012-2013 chairman of the board of directors for the association.  Herndon succeeds James Lundy, president and CEO of Alliance Bank of Arizona, as chairman of the association. “I am excited to step into the chairman role… Read More →

UMB opens Scottsdale banking center

Scottsdale Opening - Branch Picture
August 22, 2012 by in Business News | Economy | Finance

UMB Bank Arizona, a subsidiary of UMB Financial Corporation (NASDAQ: UMBF) announced the opening of a new full-service banking center in Scottsdale. Positioned in Kierland Commons, the new UMB Bank is located at 16210 North Scottsdale Road. In addition to full-service consumer banking, the Scottsdale location will include private banking, investment and wealth management services… Read More →

National Bank of Arizona adds medical banking services

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National Bank of Arizona (NB|AZ) announces the addition of premium, specialized banking services specifically for physicians, to accommodate the bank’s growing niche of medical banking clients. This specialty and expansion will be led by seasoned NB|AZ banker, Suzy Powell, and recent hire, Paula Wichterman. The new specialty provides an opportunity for local medical professionals to… Read More →

Arizona State Credit Union earns honor

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August 21, 2012 by in Business News | Finance | Workforce

Arizona State Credit Union’s unwavering commitment to associates’ long-term financial well-being has earned the local financial cooperative national acclaim. An independent judging panel of employee benefits experts named Arizona State Credit Union one of the 2012 winners of The Principal 10 Best Companies for Employee Financial Security. Judges selected the credit union because of their… Read More →

Women At Grant Thornton Initiative Create An Environment Where Females Can Thrive

Grant Thornton

Stella(r) Leadership For Stella Shanovich, an audit partner at Grant Thornton in Phoenix, her team is anything but a Good Ol’ Boys’ network or a Women-Only Club. It’s a group of men and women focused on building a dynamic, talented team. “However, while inclusivity is key, it is also important to understand women and men are different in the… Read More →

First-ever Weekend Jetaway Benefits Valley nonprofts

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AXA Advisors Southwest announces that sponsorships and tickets are now available for the first-ever Weekend Jetaway, which will take place on Friday, Nov. 9th. 2012, from 6:30 p.m. to 10 p.m., and will feature live music, culinary creations from leading Valley chefs, cocktails and casino games set in a private jet hangar within the Scottsdale… Read More →

Tips For Maintaining Flexibility In Retirement

Retirement

By Kim Bridges Your financial status in retirement is dependent on a number of factors, including available resources, economic and market conditions, and level of expenses. Some of these factors are within our control, and some are not. Since there isn’t much we can do to alter factors beyond our control, such as the inflation… Read More →

How To Get A Bank Loan Approved

bank loan
July 17, 2012 by in Columnist Spotlight | Finance

Banks, in general, have done a poor job of informing businesses what it takes to get a bank loan approved. In the bankers’ world, many of the most important considerations are what we refer to as the Five C’s of Credit: Capacity: History of positive cash flows The best predictor of a business’s likelihood of… Read More →

Creative Financing: Innovative Options For Funding Business

Creative Financing: Options for Funding Business

Whether you are just formulating a business plan for launch or you already have a company that is in need of a cash infusion, bank loans are often unattainable if you don’t meet the proper requirements. Fortunately, there are a variety of creative ways to fund the growth. If your banker turns you down, instead… Read More →

Wells Fargo Donates Home To Combat Wounded Afghanistan Veteran

wells fargo - home for veteran

Wells Fargo announced that it has donated a mortgage-free Real Estate Owned (REO) home to the Military Warriors Support Foundation (MWSF), which was awarded to Retired Afghanistan war veteran Jason McGowan.  McGowan recently received the keys to the 1,732 square foot, 3 bedroom, 2-bathroom home in Tucson where he will live with his wife and… Read More →

Do You Have An Investment Style?

Investment Style

Many investors rely on their expertise, or their advisors’ expertise, to develop and follow an investment style. These styles are important and can help provide direction and assist in making investment decisions. Investment styles are developed based on many factors, including age, gender, income, family, wealth, tax situation and previous investment experience. These factors play… Read More →

Arizona State Credit Union Expands Chino Valley Branch

Arizona State Credit Union

Arizona State Credit Union will celebrate the expansion of its Chino Valley branch with a grand re-opening on Tuesday, June 26, where Mayor Chris Marley and the city’s Chamber of Commerce will be in attendance. “I am excited to see businesses in Chino Valley expanding,” says Chino Valley Mayor Chris Marley. “When our local businesses… Read More →

6 Steps To Selling Your Business

selling your business

Don’t ignore one of the most vital elements of your business plan, the exit strategy. Here are key business practices for selling your business. If you’re a typical small business owner, you spend more of your time working on today’s issues than tomorrow’s potential. That may keep the doors open for now, but what about… Read More →

Homebuyers Bounce Back

homebuyers - Arizona Business Magazine May/June 2012

The rules have changed a bit, but it’s still a perfect time to purchase a home. If you have good credit and a good job history and can put money down for a house, it’s a great time to buy, say experts in real estate and finance. In fact, the sooner the better, because it… Read More →

Time Value Of Money And Planning

value of money

Understanding the general concept of the time value of money can help consumers plan appropriately for future needs and today’s wants. This concept applies to how a consumer may save, invest and make decisions on lending needs. Many of us are familiar with the idea that the earlier one starts saving the more he or… Read More →

What Your Financial Statements Can Tell You About Your Company

financial statements

You don’t have to be a CPA or rocket scientist to decipher the information on financial statements. If you have been intimidated or reluctant to take the time to learn to read your company’s financial statements, now is a great time to learn. Below are a few quick and easy steps to untangle the web… Read More →

Wani Joins Wells Fargo Private Bank

wells fargo private bank

Wells Fargo Private Bank announced Daniel G. Wani as a senior estate specialist. Wani will work with clients to efficiently administer complex trusts and estates. Based in Scottsdale, he will also collaborate with a personalized team of financial advisors, investment managers, private bankers and trust officers to provide customized service to clients in Arizona, Nevada, and New… Read More →

Home Insurance In Scottsdale AZ Goes Boldly

home insurance scottsdale az technology
May 25, 2012 by in Finance | Real Estate

Do you hear the phrase “turn of the century” and think 1900, then realize people were talking about TWELVE YEARS AGO? Then you think, “Hey, it’s the 21st century!” and the next thought that zips into your brain is “Where the heck is my flying car?”  Well, odds are you are one of those people… Read More →

Wells Fargo Receives United Way’s Summit Award

wells fargo given summit award

Wells Fargo & Company has received a 2012 Summit Award from United Way in recognition of its outstanding record of volunteer engagement. United Way presented the award to Wells Fargo at the organization’s Community Leadership Conference in Nashville on May 3. Wells Fargo was one of six companies, and one of two banks, receiving Summit… Read More →

Desert Schools Honored For Community Service In Arizona

Desert Schools - community service and leadership award

Desert Schools Federal Credit Union, the largest not-for-profit membership-based financial institution in the state of Arizona, announced today that it has been selected by Toastmasters International and the organization’s District 3 Governor as the 2012 award recipient for community service and leadership for the state of Arizona. This is the first time Desert Schools has… Read More →