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Smart Advice Insight

Washington Trust Wealth Management Blog


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

By Washington Trust / July 20, 2017
There has been a major shift in the financial advisory services world and it may alter the way some retirement accounts are managed. In June 2017, new regulations from the U.S. Department of Labor’s (the “DOL”) went into effect, expanding the definition of “investment advice fiduciary” under a federal law known as the Employee Retirement Income Security Act of 1974 (“ERISA”). It’s important to know that these regulations do not change the standard of conduct for trust companies since they are already held to the highest fiduciary standard. The Washington Trust Company and its subsidiaries, Weston Financial and Halsey Associates, have been, and will continue to manage assets pursuant to fiduciary standards.

By Washington Trust / July 20, 2017
With summer upon us, our initial forecast from January 2017 for full-year U.S. economic growth now appears aggressive. Therefore, we are modestly trimming our 2017 outlook from a 2.5% increase in real Gross Domestic Product (GDP) to a 2.25% gain. The U.S consumer went on a tear in the latter half of 2016 and our expectation, giving surging consumer confidence, was for this to carry over into 2017. Instead, the consumer took a virtual hiatus in January and February of this year. As a result, Q1 GDP was a lackluster 1.4% annualized. While a rebound is underway, the economy most likely grew at a 2.5% pace at best in the most recent quarter ended June 30, 2017 rather than bouncing to a more robust 3% or better.

2017 Market Outlook Update - Q2 Wealth Management Webinar
By Washington Trust / May 2, 2017
A video review and update of the financial market outlook for Q2 2017.

Leveraging Your Securities to Finance Your Short Term Cash Needs
By Mark K. W. Gim / April 24, 2017
As an investor, you may be satisfied with your long-term plan to manage your investment assets, but could find yourself in a financial situation that requires a fast response: an opportunity to purchase real estate, an attractive but time-sensitive business transaction, or an unexpected expense that you need to meet in the short term. Securities-based lending (SBL) may be the right way to access liquidity without the tax consequences of selling investments or changing your asset allocation.

Perspectives & Planning: Spring 2017
By Washington Trust / April 17, 2017
Despite a preponderance of encouraging economic data, Q1 GDP appears likely to be lackluster and in the vicinity of 1.5%. A weak winter quarter has been more or less the norm in recent years with weather providing a convenient excuse. However, this year’s mild winter leaves us somewhat perplexed. After powering the economy in the back half of 2016 shoppers took a break, as consumer spending has been virtually stagnant in the early months of 2017.

How a Trusteed IRA Can Offer Control and Peace of Mind
By Kathleen A. Ryan / April 7, 2017
The average growth rate of IRA account balances has increased steadily over the past decade. Learn how a Trusteed IRA may allow you to keep your own assets on the rise for future generations well after you pass.

How Could Rising Interest Rates Impact Your Wealth?
By Mark K. W. Gim / March 21, 2017
It's important to understand how movements in markets can affect your wealth management goals. Here's a brief summary of some of the effects of rising interest rates on investments, and how your strategies may need to change with the financial environment.

A Roadmap to Your Happy Retirement
By Kathleen A. Ryan / March 6, 2017
When crafting a financial plan for retirement, you should assess your goals, identify income streams and determine your future needs and options.

What Effects Will the Trump Administration Have On Investing?
By Mark K. W. Gim / February 6, 2017
With a new President in office, what will the investment landscape look like in 2017? Here’s what we think so far.

What are the Benefits of a Revocable Trust?
By Kathleen A. Ryan / January 27, 2017
Learn more about the benefits of a revocable trust and how it compares to a traditional will for your estate plan.

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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Weston Financial and Halsey Associates are subsidiaries of The Washington Trust Company.

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