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Washington Trust Wealth Management Blog

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


By Washington Trust / February 8, 2016
Executors, and in certain situations beneficiaries who are in possession of inherited assets, are now subject to additional reporting requirements relating to the estate tax value under the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 (the “Act”).

Women, Wealth, and Legacy Planning
By Washington Trust / February 8, 2016
Whether nurturing the values of children, fulfilling charitable goals, or making investment decisions that affect their own as well as their beneficiaries' financial security, women play a central role in establishing and preserving family wealth.

Yours, Mine, and Ours - A Couple's Guide to Retirement Planning
By Washington Trust / February 8, 2016
Learn how and why couples should work together when planning and saving for their shared future.

By Washington Trust / January 19, 2016
January is prediction season as every investment house, including our own, gives their market forecast for the next 12-months. Many of their arguments for why investments will go up or down are well laid out based on current facts. Many Wall Street firms today are looking for modest stock market gains in 2016, with concerns over the global economy, a strong U.S. Dollar and rising interest rates as the primary headwinds keeping a lid on growth.

Partridge Snow & Hahn Executive Joins Washington Trust Wealth Management
By Washington Trust / January 15, 2016
Washington Trust Wealth Management announced that Kathleen A. Ryan, Esq. has been named senior vice president, Wealth Management Client Services, Trust and Estate Services. She will join Washington Trust Wealth Management in December from the law firm Partridge Snow & Hahn LLP where she was partner and chair of the Trusts and Estates group.

Perspectives & Planning Winter 2016
By Washington Trust / January 15, 2016
This quarter’s newsletter highlights our annual outlook for the global economy and capital markets. We believe there will be continued moderate growth in 2016, despite some significant headwinds from energy prices and geopolitical risks that will trigger volatility during the year.

Perspectives on the Market’s Volatility - January 7, 2016
By Washington Trust / January 7, 2016
Financial markets have had a difficult start to 2016 to say the least. Similar to last August, the proximate cause for the market swoon has been a weakening of the Chinese currency, which in theory is pegged to the dollar. Monetary authorities in China, who are in the process of opening up their economy and financial system, have had little choice but to ratchet the peg lower due to slowing economic growth or risk being overwhelmed by market forces.

Markets, We Have Liftoff
By Washington Trust / December 18, 2015
Halley’s Comet appears about every 75 years to light up the night sky. While it may seem that long since the last Federal Reserve (the “Fed”) rate hike, it was actually only 9 years before yesterday’s long awaited liftoff. The Fed unanimously voted to increase short term rates by 25 basis points to a corridor rate of 25-50 basis points. We would like to take the opportunity to address several of the questions you may have about the Fed rate hike.

Impact of the Federal Reserve Rate Hike
By Washington Trust / December 18, 2015
As expected, the Federal Reserve at its December 2015 meeting raised the Fed Funds rate (the overnight interbank rate) by ¼% to a range of ¼% to ½%. This was the first rate hike in 9 ½ years. The Fed expects to raise rates by another 1% before year end 2016. By historical standards, this would be viewed as gradual, i.e. a ¼% rate hike every quarter versus a rate increase every six weeks in prior tightening cycles.

Social Security Changes
By Washington Trust / December 16, 2015
In early November President Obama signed the Bipartisan Budget Act of 2015 into law. This act includes key changes to the Social Security claiming rules. These changes focus on the “Restricted Application” and “Voluntary Suspension” rules, which combined create the “File and Suspend” strategy. The changes to the law will be phased in over the next year and are date of birth sensitive.

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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