Evercore Wealth Management
Total household wealth in the United States has surpassed the peak recorded in 2007, job creation has surged, and GDP has regained the 5%, or $1 trillion, lost to the financial crisis and subsequent recession. Our economic outlook is improving,…
Editor’s note: Tim Evnin and Charlie Ryan are co-managers of Evercore Wealth Management Partners Account, the firm’s representative core equity portfolio. The portfolio, which currently holds 41 securities, has since its inception in February 2009 outperformed the S&P 500 and…
The sale or transfer of a business requires months or even years of detailed business planning. It is the culmination of so much work, and represents so much sweat and sacrifice: Why would anyone leave a single manageable detail to…
Strong corporate profits, fueled in large part by surging technological advances, suggest that the economy is healthy and the economic future is bright. But the Federal Reserve is preoccupied by the plight of the millions of Americans left on the…
Californians need never be bored. There is almost always a pending referendum to argue about. Since the state constitution was opened to amendments by the people in 1911, over 300 have come to a vote, ranging from the sublime to…
California has made significant progress over the past three years on its path to fiscal stability, including balancing its budget while projecting to reduce its backlog of obligations to local governments and agencies by 84.5%. The state is not entirely…
Last Thursday saw the start of negotiations in Washington on a deficit-reduction agreement to be passed by year-end. If struck, a deal would avert the much-feared fiscal cliff – $500bn in annual tax increases and spending cuts, which is set…