Author: News Room

Many advisors in your firm may believe the best way to deliver personalized service to high-value clients is to be as “hands on” as possible. That often translates into spending lots of time constructing, monitoring and adjusting portfolios for important clients. While it may seem oxymoronic at first, the automation that technology provides can actually enhance the personalization and “high-touch” service that advisors want to deliver. Advisors sometimes have doubts about how easy implementing new technologies will be. Still, you can make a compelling case that the right technological solutions enable advisors to spend more time on the areas of…

The IRS has released its strategic operating plan for spending $80 billion in extra funding over the next decade. Here’s a look at what it does—and doesn’t—include. What’s Not Included When flipping through what the IRS calls an “ambitious effort to transform the tax agency and dramatically improve service to taxpayers and the nation during the next decade,” it might help to know what’s not in the plan. There is no 87,000 agents statistic-that-wasn’t. In fact, the report is surprisingly scant on numbers. That may well be purposeful—newly installed IRS Commissioner Danny Werfel has made clear that he intends to…

A new report by data analytics provider CoreLogic reveals in many ways a tale of two very different housing markets. At one extreme, the West is slowing, and at the other extreme, the East is rising. Even as home prices grew for the 133rd straight month in February, the 4.4% increase still was nothing to write home about. That’s because it was the lowest recorded since 2019. Eight states and districts recorded annual home price losses, with much of the depreciation seen in the relatively expensive West, including California, Idaho, Oregon, Washington and Utah. The recent wave of layoffs at…

A gated 75-acre estate in the heart of Bedminster, New Jersey, hunt country can accommodate an array of equestrian pursuits, with multiple riding arenas and thoughtfully designed modern barns surrounded by meticulously detailed landscaping. The property draws inevitable comparisons to world-class equestrian properties in Lexington, Kentucky, and Wellington and Ocala, Florida, said Sharon Ortepio of Turpin Realtors, the listing agent for the estate. The design aesthetic merges modern architecture with a traditional feel. Standout facilities include a 20,000-square-foot indoor riding hall designed by Beyer Blinder Belle that features skylights that span the length of the arena, retractable windows, free-span trusses…

It’s a bit early in 2023 to talk about record real estate prices, yet here we are. A 10-acre estate in Southern California’s prestigious Rolling Hills Estates recently sold for $12.5 million, the highest home price on the Palos Verdes Peninsula so far in 2023. The home on Georgeff Road was snapped up in one day. “The first person who saw it bought it — full price,” says selling agent Suzanne Dyer of Strand Hill Properties. The ranch-style home behind gates in Rolling Hills Estates is a sprawling hilltop property in the middle of horse country. Residents have access to…

A Westport home located between the beach and downtown was reimagined by a design and build team. They transformed the turn-of-the-last-century Dutch Colonial into a modern farmhouse with luxurious updates while retaining the original charm. The team of designer Bob Costanza, architect Doug Cutler and builder Oscar Leal of Beachwalk Homes worked together to keep the original foundation and curved roofline, and added modern wings to the footprint, expanding the home to 5,400 square feet. An oversized porch wraps around the main level, with a foyer that leads to a large great room with a gas fireplace and 20-foot cathedral…

According to the Census Bureau’s 2021 American Community Survey 5-Year Estimates, Denver is now the 19th biggest city in the United States, with a population of 711,463, as of 2021. Denver has witnessed dramatic growth in recent decades. From 1990 to 2021, Denver’s population increased by 52.1%, from 467,610 to 711,463. As with cities of the Pacific Northwest and West Coast in general, much of Denver’s growth over the course of the 2000s and 2010s was due to a large influx of Millennials. Given this substantial growth, the Denver housing market experienced a striking rise in home prices and demand.…

Independent furniture designers face many challenges today. Between the creative process, physically producing their work, and the entrepreneurial aspects of marketing and selling, an artist needs to be a “jack of all trades.” However, Jean Lin, founder of Colony has found a way to mentor emerging talent and help them cultivate their careers. With a gallery located in downtown Manhattan Lin’s unique co-op model truly makes it possible for artisans to thrive. Products feature a mix of unique furniture, lighting, textiles, and decor, Colony is the ideal place to source unique items for the home. In April 2023, the company…

Treasury Secretary Janet L. Yellen recently tied the failure to raise the debt limit in time to the prospect of more bank failures. The Secretary is absolutely right that if Congress wants to prevent more government bailouts of banks in the short-term, it can ill afford to wait to enact a clean debt limit increase. But in order to help bring down the inflationary pressures that helped undermine Silicon Valley Bank (SVB), President Biden and Democrats must find common ground with Republicans to stabilize the national debt. While liberal Democrats point to the 2018 banking regulatory relief law and MAGA…

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. Treasury yields and the dollar climbed in an abbreviated session on Friday after employment data for March indicated the labor market remained tight last month, raising the odds that the Federal Reserve has at least one more rate hike in store. Wall Street exchanges were closed until Monday due to the Good Friday holiday. European markets are closed on both Friday and Monday. Nonfarm payrolls increased by 236,000 jobs last month, the Labor Department said, very close to the 239,000 expectated by economists surveyed by Reuters. Data for February was revised higher…