News and Notes
News:
BB&T Wealth Management Ranked No. 1 in Survey of High Net-Worth Consumers
High net-worth consumers rated BB&T Wealth Management the most prestigious regional bank wealth manager in the 2008 Luxury Brand Status Index survey. The New York City-based Luxury Institute said survey respondents preferred BB&T because of its personalized approach to doing business.
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Market View with George Shipp
At the turn of each calendar year, most clients are bombarded with “investment outlook” stock market forecast pieces. Some are 200-pagers penned by erudite strategists armed with Ivy League pedigrees. Others are mere summaries rehashed by a fawning media that has distilled the global geo-economic-political milieu into that perfect synthesizing sound-bite.
Read Market View »
Have You Considered an IRA Trust?
The weeks leading up to April 15 are a time for intense record gathering and seeking out any steps that can be taken to optimize tax credits and deductions. It is also an ideal time to review the status of beneficiary designations in established IRAs and possibly consider creating an IRA trust. In the process, you may be saving yourself — and certainly your beneficiaries — a hefty tax burden.
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Pass It On…
What is the best way to handle birthday and holiday gifts for grandchildren who already have a wealth of toys, clothes and gadgets? One client is preparing her grandchildren to manage the wealth they will inherit by giving them money “with strings attached.”
Read Pass It On »
Notes — Spring 2008:
Insurance for Fine Art and Other Collections
The art market recorded a seventh consecutive year of price rises in 2007 according to FineArt.com. The annual increase amounted to 18% globally. It was accompanied by fine art proceeds of $9.2 billion in the United States, an increase of 43.8% over the previous year. Experts predict this trend will continue and, if it does, your collection can quickly become underinsured, placing your investment at risk. Your BB&T Wealth advocate can arrange a personalized consultation with a BB&T Insurance Services specialist.* Choose your own appraiser, or if you prefer, use one of the premier appraisal firms your BB&T Insurance advisor can access. These companies are industry leaders with a nationwide clientele of top fine art collectors.
* BB&T Insurance Services, Inc., is a wholly owned subsidiary of Branch Banking and Trust Company. Insurance products are not a deposit; not FDIC insured; not insured by any federal government agency; not guaranteed by the bank.
Call BB&T Wealth at 1-888-820-7160
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