Knowledge Center

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Proven Wealth Management Solutions.

Are you beginning your journey towards wealth management? Are you interested in learning more about best practice wealth management techniques? Do you want to protect your assets and provide a legacy for your loved ones? We invite you to enter the Pinnacle Trust Knowledge Center to read blogs, watch financial advisory videos, and gain further insights into our proven wealth management solutions.

No One Told Me There Would Be A Test

If you are responsible for your company’s 401(k) plan, you may have started receiving requests from your service providers for information needed to perform annual testing on the plan.  Many plan sponsors find these requests confusing or do not understand why this is necessary.  A client recently told us that he quit taking tests when he graduated and does not want to start back!

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Uncertainty in the Markets? What's Next.

Towards the end of last year and in January of 2018, interest rates and inflation expectations had been slowly moving upward, yet equity markets took it in stride.  However, that changed when January wage growth was reported at 2.9%, above the recent trend of about 2.5%.  This raised questions in investors’ minds about the outlook for inflation and how the Fed would react.

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Is Good News Now Bad? Don't Panic!

After 2008 and during the height of Quantitative Easing, investors got used to bad economic news moving the markets up. The phrase “good news is good news and bad news is good news” became common lingo.   Investors almost preferred bad news as they knew this would force the Federal Reserve to keep interest rates low and borrowing cheap. This kept bond yields at historic lows and forced investors to choose the higher relative value in the stock market.

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Estate Planning & Tax Reform

 

Last week Pat Kingsmill introduced us to some topics related to estate planning. This week I wanted to bridge Pat’s topic with some impacts of the most recent tax reform. Our friend, Jessica Cooley, a CPA and member at GranthamPoole with a focus in trust and estate taxation, is going to walk us through three strategies to take advantage of the tax reform. 

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Why Should I Consider Pinnacle Trust as my Trustee?

When planning your estate, one of the tools that you might consider is some form of trust. This might be a revocable trust that you create during your lifetime (the so-called "living trust") or an irrevocable trust that you create during your lifetime, or a testamentary trust, which is one that is set forth in your Will and takes effect upon your death. In any of these instances, you must consider whom to name as trustee or co-trustees of the trust. The trustee can be one individual, multiple individuals, a corporate fiduciary such as Pinnacle or a combination of Pinnacle and one or more individuals.

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Happy New Year!

While 2017 will likely be remembered by historians for its devastating natural disasters and political unrest around the globe, investors will remember a year where market returns came easy for the majority of asset classes.

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10 Things You Need to Know About the New Tax Bill

Now that President Trump has officially signed off on the new tax bill, we wanted to give a brief summary of how some of the changes may affect you. 

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Bitcoin: Currency of the Future or Bubble of the Present

There is certainly a lot of buzz lately about Bitcoin, and a lot of uncertainty about the how, what and why of it. This will be a somewhat lengthy, meaty post. So, if you want to know our current opinion/bottom line, skip to the last paragraph. A great deal of the commentary comes from Howard Marks, the founder of Oaktree Capital Management. 

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Tax Reform: The Home Stretch

Tax Reform: The Home Stretch

Tax reform legislation has now passed both chambers of Congress and looks very likely to become law by year-end. While the final tax bill will undoubtedly look quite different from what has been proposed in both the House and the Senate, the key question for investors is who stands to benefit the most, or the least, from the proposed reforms.

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Executor vs. Trustee Explained

I am often asked to explain the difference between the executor and the trustee. To most people, the two words mean the same thing. However, the roles of either are distinctly different. The similarity that leads to the confusion, however, is that an executor and the trustee are both “fiduciaries.” Fiduciary is commonly defined as a person or an entity that owes a duty of loyalty and good faith to another person. A fiduciary occupies a position of trust and is bound both legally and ethically to act in the best interest of another. In this regard, the confusion is understandable because either an executor or a trustee is called upon to perform a task on the behalf of someone for the benefit of another.

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