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Washington Trust Wealth Management Blog

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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.

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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