Mortgage Blog

Over the past year and a half, the U.S. economy has shaken off some of the doldrums and snapped out of the growth funk it experienced for several years. The U.S. gross domestic product (GDP) grew by 4.1 percent in the second quarter of this year, the strongest pace of growth in almost four years.

So, what’s the economic outlook for the rest of this year and beyond, and what does this mean for your business? To find out, we spoke with Cadence Bank Executive Vice President Todd Cornelius, who…

OceanFirst Financial Corp. has partnered with a startup Philadelphia hybrid robo advisor service to offer a new business line catering to customers with smaller levels of investments.

The Toms River, N.J.-based bank is an investor and client of Philadelphia-based NestEgg, started by Addison Capital CEO Michael Church and devised specifically for community and regional banks.

OceanFirst became an equity investor in the firm, which started in late 2016 and launched its platform until earlier this…

Prudent investment management is one of the most critical, yet often overlooked, aspects of managing a trust, and it requires careful planning and proper execution.

One of the many benefits of appointing a corporate trustee is that they are held to a fiduciary standard of care when managing a trust’s investment portfolio, meaning they are legally obligated to put their client’s interests above their own when making investment decisions.

While this may seem like common sense, this standard…

Many of the families we work with today are increasingly concerned about how they can ensure their personal values are successfully transferred to the next generation. In particular, they’re worried about how wealth and privilege can interfere with their ability to communicate and instill positive values in their children.

These families often walk a fine line. They want to transfer assets to their children in order to provide them with a level of financial security. While at the same time ensuring…

Being asked to serve as the executor or trustee under a will or trust for a family member or friend can be a tremendous honor. It is a big responsibility that involves a wide range of administrative and financial duties. It can take a lot of time which might interfere with the individual’s own career and time with family.

Individuals sometimes agree to become an executor or trustee without fully understanding the role and the duties into which they are stepping. When this happens, they can quickly…

It’s one of the biggest challenges faced by wealthy families: How to avoid the “silver spoon” syndrome with their children.

Ensuring that family wealth is a source of advantage and security without being a detriment that impedes maturity, responsibility and productivity is a balancing act that requires thoughtful planning, flexibility and ongoing communication.

Open and honest communication

Listen for comments from your children that give insights on how they view and relate to money. This…

Derek Grimm's responsibilities include hiring, educating, training, and mentoring new advisors, and he has hired more than five veterans in the last three years.

Part mathematical whiz, part prankster and dedicated fan, the makeup of the Red Sox owner is a large part of the “secret sauce” to the team’s success.

In an exclusive interview, Wells Fargo CEO Tim Sloan denied a report that the bank's board is seeking to replace him and explained why the company needs to reduce its headcount by as much as 10 percent in the next three years.

EMG has been on a capital raise for Houston oil and gas operator Sable Permian Resources, which was restructured last year. Meanwhile, a special private equity firm based in Midland is raising a new fund to focus on commercial real estate in the Permian with help from a Dallas investment bank.