In the most unusual of years 2020 will be remembered in FX for the market implications related to COVID-19 Brexit and the US election A culmination of factors led to significant US dollar weakness calling into question the dominance of the US dollar and its status as the world’s reserve currency As the US dollar continues to weaken into the New Year the rising adoption of digital currencies in…

As  2020 advances amid the coronavirus epidemic the financial market reactions have reflected the magnitude of concern felt by the world on a global scale with currency risk weighing heavily on international investors Since our previous paper in late February risky assets have continued to be under pressure with peak-to-trough drops of -34% in both the S&P 500 and MSCI World thus far this…

Gabriel Korach is a Senior Managing Director and Wealth Advisor in Mesirow Wealth Management He works with high net worth individuals families and business owners to build comprehensive wealth management plans that integrate all areas of financial planning A particular area of focus for Gabriel is generational wealth transfer Gabriel has 19 years of experience in the financial services industry…

Garrett Furnivall is Director Asset Management of Mesirow Alternative Credit  Prior to joining Mesirow Garrett served as Vice President for Bastion Management where his responsibilities included transaction underwriting portfolio monitoring unit economic modeling and risk analysis Bastion joined Mesirow in December 2024 Prior to joining Bastion Garrett was an Analyst at Praesidian Capital where…

Garry Cohen is a Senior Managing Director and Co-Head of Mesirow Sale-Leaseback Capital He serves as an integral part of the day-to-day operations and strategy of the group  As Co-Head of Mesirow Realty Bridge Equity he is responsible for leading Mesirow’s Bridge Equity business and participates in all aspects of the investment process and is a member of its Investment Committee  He is also a…

Gary Pattengale serves as a Senior Vice President Advanced Planning Specialist and Wealth Advisor in Mesirow Wealth Management Gary acts a centralized specialized resource advising clients on tax implications and strategy considerations when building comprehensive financial plans  Gary has over 30 years of experience in the financial services industry Prior to joining Mesirow in 2024 Gary helped…

George Barbar is a Senior Managing Director in Mesirow Institutional Sales and Trading and Head of Southeast Regional Development and Strategy for Mesirow He oversees Rates Government Agency Supranationals CDs and Structured Products and is responsible for its growth underwriting and distribution He is also the principal and manager of Mesirow’s Boca Raton office George is founder and president…

Gerry Levin is Senior Managing Director and Co-Head of Mesirow Sale-Leaseback Capital  The Sale-Leaseback Capital business serves to provide fully integrated real estate capital market services to single tenant occupants on a national platform  In his position in Mesirow Realty Bridge Equity Gerry is involved in all aspects of the Bridge Equity investment process and is the founding member of the…

May 30 2023 |, By, Mesirow Currency Management, Foreign exchange trades settle two days after trading Could they settle in 30 seconds, Foreign exchange settlement risk the risk that one party to a currency transaction won’t receive the currency it purchased is increasing While most currency deals conclude without incident the growing volume of transactions that could fail has regulators searching for better ways to settle foreign exchange trades In this article we describe the size of the foreign exchange market the currency…, We’ll also examine possible improvements to the settlement process particularly a more widespread adoption of payment versus payment systems in FX settlements and also look at the promising potential of central bank digital currencies , Foreign exchange settlement risk on worrisome upswing $22 trillion at risk of failure each day A foreign exchange (FX transaction consists of two parts trading and settlement Trading determines the details of the transaction the exchange rate (the trade’s price the currencies and amounts to be exchanged and the date of that exchange or the settlement date The second part of an FX transaction…, Explore, Central Bank Digital Currencies, What do CBDCs mean for the US dollar as the world’s major reserve currency Read article, US dollar Currency dynasty, Is the USDs position as the worlds reserve currency safe or is its decline inevitable Read article

Do I have enough to retire when I want to How much can I spend on a second home How much can I afford to help support a family member, Our clients ask these types of questions all the time The answer can be simple or difficult depending on how much information is readily at hand and how organized the person is with their financial situation There are many factors that play into these important life and financial decisions and organizing this information is critical to your wealth advisor’s ability to answer your unique question…, Create your personal balance sheet, Your balance sheet is a comprehensive listing of all of your assets and liabilities The asset side of the balance sheet should contain a list of all property bank accounts investment accounts and any other business or personal assets The liability side of the balance sheet should include major financial responsibilities such as a mortgage or loans The value in this exercise is that once you get…, Create your personal cash flow statement, Your cash flow statement is a listing of all of your cash inflows and outflows People are usually quick to identify their sources of current income whether that be from their current employer Social Security or a pension or annuity payment However when pressed about the expense information aside from the aforementioned mortgage or liability payments many people aren’t sure how much they spend…, The difference between “cash reserve” and “investable cash”, It is also important to distinguish between your “cash reserve” and “investable cash” A general rule of thumb is to keep three to six months’ worth of expenses — not income — as a cash reserve depending on your situation That cash amount should be viewed as separate from any cash that is being held for any type of investment opportunity This is also why it is important to know your monthly…, Take care of yourself first, Another important aspect of getting organized is to always take care of yourself first What this means is making sure you are putting money away for your own retirement through a company plan or IRA and contributing the maximum you can afford based on your plan If you are over the age of 50 you can contribute more to these plans The earlier you start saving the more likely it is that you will…, Do an annual financial review, When was the last time you sat down and did a full financial review This involves much more than assessing how your financial accounts did over the last quarter For example a financial review can help you understand if your insurance and estate documents are up to date Since you first established your insurance needs and estate documents your asset levels may have increased and may need to be…, In conclusion, It’s helpful to be organized as you consider the questions specific to your individual circumstance Once the process is in place these planning components should be regularly reviewed and updated as necessary Getting organized will help you make the financial decisions that support your most important life decisions Your Mesirow Wealth Advisor would welcome the opportunity to assist you with…, Published January 2025