CI RGT Private Wealth

Paving a smoother path for women in wealth management, that is Heather Pesikoff’s goal and mission.

Named as one of The 10 Most Disruptive Women Leaders in Business 2022, she believes that success is being able to mentor and uplift others. “I’ve had great mentors in my life, so it’s important for me to support the next generation of leaders in our community.”

Heather points out that the gender gap in the financial industry is real, and she believes that there is an opportunity for her to make a difference.

“In fact, the inequities that women face in the industry led me to the field in the first place,” she states. “Every challenge we face, and obstacle we overcome, are important parts of our story. Often, difficulties make us stronger and wiser and prepare us for what lies ahead.”

The Russian invasion of Ukraine now enters its third week of conflict.

◼️ The economic implications of the war have exacerbated already strained economic conditions around the world.

◼️ Inflation, which was present before the war, continues to rise, with oil being the most influential factor.

◼️ Sanctions against Russia, the third largest producer of oil globally, could cause a supply imbalance which would result in higher gasoline costs to consumers and higher input costs for manufacturers.

At the same time, the Federal Reserve is trying to curb inflation through monetary policy.

Will the Fed be able to produce a soft landing—where inflation is moderated, and growth sustained? Or will the Fed push too hard against inflation, which combined with the uncertainty of the war, results in a drastic growth slowdown or possibly a recession? These are some of the questions we wrestle with daily.

Practically, what measures should we consider? Diversification is a key strategy and includes exposure to growth and value stocks, as well as other assets that provide protection against inflation.

Finding your appropriate level of portfolio risk is one of the most important steps to successful investing.

Charitable Giving Strategies to Help You Make an Impact

In a previous blog by Dana Pingenot, A Tale of Two Cities: How Philanthropy Can Bridge the Gaps, she discussed the difference between philanthropy and charitable giving and how the two go hand in hand.

This post is a continuation of the first, where she focuses on charitable giving strategies you can utilize to carry out a philanthropic plan.

Listed below are a few common examples of charitable giving strategies, with their details and benefits outlined in the full article linked below:

1. Direct gifts to public 501(c)(3) charities

- Non-financial gifts

- Financial gifts during lifetime (including Qualified Charitable Distribution gifts using your Required Minimum Distribution from your traditional IRA)

- Financial gifts at death

2. Gifts through a charitable fund or entity – funded either during your lifetime or at death

- Donor-Advised Funds

- Community Foundations

- Charitable Trusts

- Private Foundations

To read the full article, click on the link provided below in the comment section.