Aligning assets with values; why investors shrugged at the near-shutdown
Financial Planning
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INTENTIONAL INVESTING: Two Philadelphia-based nonprofits have turned to a local RIA for help bringing their portfolios into line with their values. Zenith Wealth Partners will work with the Scattergood Foundation and the PATRICIA KIND FAMILY FOUNDATION (with portfolios of about $30M each) to bring the organizations’ assets into alignment with their stated missions; the strategic collaboration will also further the foundations’ goals of supporting diversity among asset managers. Chief Correspondent Tobias Salinger has the details.?
WHAT’S UP WITH SHUTDOWNS? The prospect of a government shutdown once had an ominous ring to it, one that might send worried investors to the phone with pressing questions for their financial advisors. But as the narrowly averted shutdown showed over the weekend, investors reacted with a proverbial yawn. Nathan Place asks why —?and what would it take for such crises to spook investors??
QUIZ TIME: Quick question, dear reader: Up to how much money can an employee age 50 or older contribute in total to their 401(k) plans for 2023? If you know the answer — or want to figure it out —?and are interested in earning continuing education credits, head over to our September CE quiz.
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