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Washington Trust's Blog

Summer 2019: Economy & Markets
By Washington Trust / July 25, 2019
Given its longevity and the fragility of the global economy, concerns abound over the expansion’s durability. There is little indication, however, of an impending downturn. U.S. GDP was off to a solid start in the first half of 2019, paced by a robust 3.1% annualized advance in Q11 and moderate growth of just over 2% likely for Q2. Our full year forecast, for GDP to increase in a range of 2% - 2.5%, is intact. 2.

Financial Empowerment: Income-ing!
By Washington Trust / July 25, 2019
In our last Financial Empowerment article, we talked about the basics of financial planning. We reviewed the process and the major information needed to start building a plan. Of those pieces of information, we discussed income, expenses, assets, and liabilities. Today, we are going to focus a little more on one of those topics: income.

The Final Road to Retirement
By Washington Trust / May 15, 2019
If you are in your 50’s, you’re at a pivotal point on your retirement savings and planning journey. More than 63% of Americans retire between the ages of 57 and 66.* The most common retirement age is 62. As you approach that final stretch, it’s time to look ahead to make sure you are taking the right steps towards your dream retirement.

Washington Trust Wealth Management Announces Weston Financial Group Leadership Changes
By Washington Trust / April 30, 2019
Washington Trust Wealth Management, a $6.4 billion regional wealth management firm, has appointed Kathleen A. Ryan, Esq. and Mark T. Kelly, CFA, CFP, to lead Weston Financial Group, Inc., the division’s Wellesley, MA- based, SEC-Registered Investment Advisor. Ryan, who serves as Executive Vice President and Chief Wealth Management Officer of the division’s parent company, The Washington Trust Company, was named President of Weston Financial Group, Inc. Kelly, who recently joined Weston from Bainco International Investors in Boston, was appointed Principal Financial Counselor and Client Service Manager and will run the Company’s Wellesley office.

Spring 2019 Perspectives & Planning Financial Empowerment: Every Journey Begins with a Single Step
By Washington Trust / April 24, 2019
Money should not be a cause for stress; but our innate fear of the unknown often leads to financial anxiety. This is exacerbated by radio hosts, authors, television personalities, and corporations looking to profit from that fear. Countless articles on retirement planning begin with similar sounding statements: “Have you saved enough for retirement? Most people haven’t.” The question is valid, but the tone is designed to trigger anxiety.

Spring 2019: Market & Economy
By Washington Trust / April 24, 2019
Although 2018 ended dismally amidst tumbling financial markets, 2019 kicked off with optimism. Risk assets surged during the first quarter. Global stocks, led by the U.S., soared 12%1. Corporate debt including high-yield produced mid to high single digit returns. The transition by investors from extreme risk aversion to “risk on,” inspired by a shift in Federal Reserve policy, was almost instantaneous.

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.

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.

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.

Creating an End-of-Life Plan to Help Avert Family Conflict
By Washington Trust / May 29, 2018
Family conflict after a loved one passes can often be avoided through open communication and preemptive planning to help ensure that everyone is on the same page

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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