Investment Review – June 2017

June 13, 2017 Investment Review
Stack of coins

The major U.S. equity indices posted strong gains in May. The Nasdaq Composite increased 2.5%, the S&P 500 added 1.2% and the Dow Jones Industrial Average rose 0.3% for the month. Better than expected Q1 earnings and improving economic data were the main drivers for the upward move. U.S. crude prices declined approximately 10% over the last […]

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Economic Outlook – June 2017

June 13, 2017 Economic Outlook
Positive Economic Trend Graph

The U.S. economy grew at a faster pace in the first quarter (Q1) than previously reported. The Commerce Department stated that the second revision for Q1 GDP came in at an annual rate of 1.2%, up from 0.7% in the advance estimate. Growth of consumer spending remained modest but was revised up slightly. An already strong business […]

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8 Essential Items in Your Estate Plan

May 23, 2017 Topics
estate plan

Here are 8 items to assist you and your family in securing the essential components and goals of your estate plan: 1. A Will: A Last Will and Testament (a Will) provides instructions for distributing assets to your family and other beneficiaries. Your Will also appoints someone to be a Personal Representative (Executor) to pay final expenses, taxes, etc. and then […]

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Investment Review – May 2017

May 8, 2017 Investment Review
Stack of coins

After taking a breather in March stocks rebounded in April: The Nasdaq Composite rose an impressive 2.3%, the Dow Jones Industrial Average and the S&P 500 each rose a solid but more modest 1.3% and 0.9%, respectively. Non-U.S. markets were strong too. The EAFE index which captures developed markets in Europe, Australia and the Far East […]

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Economic Outlook – May 2017

May 8, 2017 Economic Outlook
Positive Economic Trend Graph

The U.S. Department of Commerce reported a lower than expected first quarter real gross domestic product (GDP) annual growth rate of 0.7% in its advanced estimate, the lowest in three years. Economists had expected a growth rate of 1.0% according to Bloomberg. The growth rate was dragged down by excess inventories and net imports. Auto sales were […]

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Investment Review – April 2017

April 11, 2017 Investment Review
Stack of coins

Stocks took a breather in March; the Dow Industrial Average and the S&P 500 closed the month almost flat with declines of .7% and .3%, respectively. The Nasdaq composite rose 1.5% and closed a hairsbreadth from its all-time high of 5,914 as investor interest turned to technology shares. For the first quarter, the 5.5% gain by […]

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Economic Outlook – April 2017

April 11, 2017 Economic Outlook
Positive Economic Trend Graph

The Federal Reserve raised the target range for its federal funds by 25 basis points to 0.75% – 1% at its March meeting, reflecting increased confidence in the strength of the economy. The decision was in line with market expectations as the labor market strengthened and economic activity continued to expand at a moderate pace. […]

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Supporting the Arts: Boston Symphony Orchestra

March 24, 2017 Announcements, Media
orchestra violins

Our commitment to the arts spans generations. We seek to align ourselves with institutions whose impact is felt across the region and beyond. The Boston Symphony Orchestra (BSO) is such an organization. Below is our current insert in the BSO program guide: As a BSO Business Partner, Welch & Forbes is invited to share with clients and contacts the experience […]

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3 Current IRS Areas of Focus

March 16, 2017 Topics
tax IRS

Periodically our tax department shares current IRS areas of focus. Here are 3 they recently shared that the IRS has been looking at over the past few years. 1. Charitable Contributions Regardless of amount, no deduction will be allowed for cash contributions unless the donor maintains either a bank record, including a cancelled check or credit […]

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Investment Review – March 2017

March 7, 2017 Investment Review
Stack of coins

U.S. risk appetite remained strong in February. Each of the three major indices posted positive returns. The NASDAQ Composite gained 3.9%, the S&P 500 rose 4.0%, and the Dow Jones Industrial Average advanced 5.2% during the month. U.S. retailers continue to face a multitude of industry challenges, including adapting to the rapid growth in online shopping, benign […]

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