July 18, 2012 In Coldstream Happenings By Catherine Williams

Coldstream Acquires Pacific Northwest Insurance

 Combined platforms enhance integrated wealth management services

BELLEVUE — July 18, 2012 — Coldstream Capital Management (“Coldstream”) today announced that it has acquired Pacific Northwest Insurance (“PNI”), a property, casualty, life insurance and employee benefits specialist based in Kirkland, WA since 1992.  Rob James, PNI Principal, has joined Coldstream as a Partner.READ MORE

July 17, 2012 In Market Commentary By Elaine Heller, CFA®

Choppy Waters

After a strong first quarter of the year, market sentiment in the second quarter eroded amid a variety of macro factors.  These factors included the impact of the fiscal cliff facing the US economy heading into 2013, the turmoil from the European financial crisis, economic headwinds of stagnant earnings growth in the US and a slowing in emerging markets, particularly China.  While any one of these disruptions may not have derailed the market, combined they created an environment in which capital moved out of risk assets to safer but low yielding credit instruments.READ MORE

July 17, 2012 In Wealth Management By Roger Reynolds

A Refreshing Twist to the Pitfalls of Sudden Wealth Syndrome

In 2009, Sports Illustrated estimated that 78% of NFL players are bankrupt within two years of ending their careers, and that 60% of NBA players are broke within 5 years of retiring. Although not as dismal, Lottery winners also have an extremely poor track record of successfully retaining their wealth. Many of these individuals suffer from Sudden Wealth Syndrome (SWS), a term coined by Dr. Stephen Golbart and Joan Di Furia of the Money, Meaning & Choices Institute (MMCI) in the late 1990’s. Through their investment advisory firm’s dot com and lottery winner clientele, they witnessed a host of psychological issues that they associated with the stresses of new or sudden wealth resulting in financial disasters.READ MORE

July 17, 2012 In Tax Strategy By Vince Lee, CPA/PFS, CFP®

Income Tax Planning Considerations for 2013

As we reach the mid-year point, much attention will be paid to the reduced income tax rates, known as the “Bush Tax Cuts,” slated to expire at the end of this year.  In addition, there are other new taxes and changes in tax deductions and credits that may affect your tax planning.  These changes may have an impact to your investment making decisions.READ MORE

July 17, 2012 In Coldstream Happenings By Catherine Williams

Coldstream Happenings

The second quarter proved to be an eventful one for Coldstream and our team members as we merged with two Northwest-based firms, Ascent Capital and Pacific NW Insurance.

Ascent Capital Partners

Ascent is a real estate lending partnership led by Managing Member, Chris Blakeslee, a 20 year veteran in the lending and construction industries.  Ascent specializes in providing short term or investment type commercial loans to single family home builders in the Puget Sound area.READ MORE

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