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Timely advice & commentary about investing, taxes, financial planning and more.


Economic and Financial Market Review & Outlook-Winter 2019
By Washington Trust / January 28, 2019
With apologies to Charles Dickens, 2018 was the “best of times and the worst of times”. The U.S. economy apparently grew at its fastest pace since 2005. (We don’t know for sure as the Bureau of Economic Analysis was shuttered due to the impasse in Washington, although the Bureau of Labor Statistics has remained open.) For the full year 2018, we estimate that GDP advanced just over 3%. The S&P 500 index, on the other hand, fell by 4.4%, posting its first negative return in a decade. Benchmarks for smaller capitalization stocks and foreign shares suffered double digit declines. Bonds managed to finish the year essentially flat, erasing earlier losses.

The ABCs of Tax Reform for 2019: DAFs and GLIs
By Kimberly I. McCarthy, Esq. / January 28, 2019
The Tax Reform Act changed so many income tax provisions affecting individuals, corporations, pass-throughs, and specific industries that it is impossible to provide a brief and succinct overview of new planning opportunities. But DAFs and GLIs are two tax-planning acronyms to consider in 2019.

From PBN - Five Questions With: Joseph Confessore
By Washington Trust / January 23, 2019
Washington Trust in the News - Providence Business News recently featured an interview with Joseph Confessore who leads the Bank's new Private Clients Group.

Washington Trust Announces New Private Client Group
By Washington Trust / January 7, 2019
The Washington Trust Company today announced a new private client initiative designed to provide personalized financial solutions for business owners, executives, and high net worth individuals, their families and their organizations.

Market Brief: Big Picture Generally Positive Despite Market Selloff
By Washington Trust / December 7, 2018
Uncertainty regarding the trajectories of both U.S. monetary policy and U.S./China trade negotiations continue to weigh on the U.S. and global financial markets. The S&P 500 price level has retreated towards a 52-week low while volatility has advanced towards a 52-week high, and the U.S. Treasury yield curve has moved closer to inversion1, a condition that has often been a predictor of a recession, although those recessions have typically followed the inversion by approximately two years.

A Focus on Building Wealth for Millennials
By AJ Monaco / October 30, 2018
As seen on The Rhode Show - A few tips for millennials on building wealth and avoiding becoming a "lost generation" for wealth accumulation.

Fall 2018: Perspectives and Planning: Economic Outlook
By Matthew S. Blank, CFA® / October 22, 2018
Despite worries over rising interest rates, a more hawkish Federal Reserve, and continuing trade friction, we are hard pressed to find signs of an imminent economic slowdown in the U.S. GDP advanced at a stellar 4.2% pace in the second quarter, the best quarterly gain since 2014. Eliminating a 1% boost to Q2 GDP from a surge in exports to avoid the imposition of Chinese tariffs, the economy seems likely to keep chugging along at a robust 3% clip in the back half of this year. It appears, the 2018 full year growth may even slightly exceed our projected 2.5% - 3.0% range.

5 Ways to Leverage your Social Security Benefits
By Kimberly I. McCarthy, Esq. / October 22, 2018
In October, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), will be released. Early indications suggest that the cost-of-living adjustment that will take effect for social security recipients at the beginning of 2019 could come in between 2.5%-3.00%. This is the first increase in some years that has not been consumed by Medicare premium hikes. Do you know enough about Social Security to leverage your benefits?

By Washington Trust / October 12, 2018
The S&P 500 Index has dropped nearly 7% from its all-time closing high on September 20th. Washington Trust Wealth Management shares some thoughts on the equity market pullback.

The Importance of Having a Will
By Washington Trust / September 26, 2018
As seen on The Rhode Show - In the last few years, both Prince and Aretha Franklin died without making a will. A will can be a powerful financial planning tool that shouldn't be overlooked by anyone, music royalty or not.

The opinions expressed in this blog are those of the author and may not reflect those of Washington Trust Wealth Management. The information in this report has been obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. Any opinions expressed herein are subject to change at any time without notice. Any person relying upon this information shall be solely responsible for the consequences of such reliance. Performance is historical and does not guarantee future results.

Such information does not constitute legal or professional advice as all situations are unique and are based on individual facts and circumstances.

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