Money

A few (awkward) questions for your financial advisor

Suppose you were Mr. Moneybags, with, oh, say, a billion dollars to worry about. How would you go about finding a good financial advisor? The first thing you’d do would be to talk to a lot of other families like you. If they’ve worked for years with a financial advisor and are happy, that’s a …

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The Yield Dilemma

Editor’s Note: Each year in our summer issue, we ask a group of the region’s leading wealth managers to help our readers navigate financial waters by responding to a question. This year, the question is: Many investors are hungry for yield as the Federal Reserve has kept interest rates very low; what strategies can investors …

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Financial Focus

2011 was a year of historically low interest rates, wide stock-price fluctuations and concerns about a faltering U.S. recovery and the European debt crisis. And the Standard & Poor’s 500 ended 2011 just four one-hundredths of a point from where it began. But in this year’s first quarter, the S&P posted a 12 percent gain …

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Blockbuster!

There were no hidden tape recorders, car chases or safe houses involved, but you can almost hear the theme music from “Mission Impossible” when Gary Saulson, PNC’s director of corporate real estate, describes the steps he took to veil PNC’s purchase of almost a block of downtown Pittsburgh. The transactions along Wood Street between Fifth …

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2nd Half Money

The past year’s dramatic recovery in stocks now in the rear-view mirror; so what lies ahead for investors? Pittsburgh Quarterly asked a group of regional experts what they expect in the second half of 2010. Specifically, we asked how they view the markets and economy and what they’re recommending in terms of sectors and strategies. Not …

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Taking Stock

Over the last nine months, investors have read their morning papers, stared at CNBC, and ripped open their brokerage statements with similar results. The financial calculus known simply and profoundly as their net worth has done something of a disappearing act. The S&P 500’s early March lows of 666 represented a 57 percent drop from …

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