The newest challenge to present itself, and the hot topic for discussion at the moment, are trade tariffs enacted by the current administration. As tariffs pertain to CRE, the most immediate impact is escalating construction costs and the potential for new supply chain disruptions contributing to overall uncertainty in the near-term.
Most successful executives build a circle of trusted advisors, including attorneys,
Certified Professional Accountants (CPAs), and financial planners. Key areas of wealth management often go overlooked, which leads to the potential for higher taxes or missed opportunities. That’s where a professional wealth advisor providing true comprehensive management for both sides of a client’s balance sheet shines.
Private ownership allows privately held businesses to cultivate a long-term vision, invest in sustainable growth, build up reserves, attract top talent, and build lasting partnerships; ultimately, creating a competitive edge that sets them apart. Learn more.
At First Bank, we’re proud of our multi-generational, family-owned, and St. Louis, MO-based heritage. As a one-stop financial resource and strategic partner for businesses across various backgrounds and industries, we proudly help clients turn challenges into opportunities.
Over time, there has been an increased focus on fiduciary responsibility. Why? Defined contribution plans, such as 401(k) plans that were originally designed to supplement traditional defined benefit pension plans or other employer-funded plans, have become the primary retirement savings vehicle for most Americans. Professionals at First Bank have extensive knowledge and experience of fiduciary issues. As such, we are in a unique position to assist plan sponsors.
The newest challenge to present itself, and the hot topic for discussion at the moment, are trade tariffs enacted by the current administration. As tariffs pertain to CRE, the most immediate impact is escalating construction costs and the potential for new supply chain disruptions contributing to overall uncertainty in the near-term.
Over the next 20 years, more than $84 trillion will transition as Baby Boomers transfer their wealth. For family-business owners, this “Great Wealth Transfer” is not only about inheritance but also business continuity, legacy, and family dynamics.