Louisville Magazine

FEB 2014

Louisville Magazine is Louisville's city magazine, covering Louisville people, lifestyles, politics, sports, restaurants, entertainment and homes. Includes a monthly calendar of events.

Issue link: https://loumag.epubxp.com/i/250528

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Banking, finance Wealth ManageMent and Special Advertising Section Financial Trending for 2014, According to Forbes Just before the New Year, Forbes generated a list of trends worth watching in 2014. Some of these opportunities just might affect you: Easier to understand fnancial products due to recent mandatory regulatory disclosures and the Credit Card Accountability Responsibility and Disclosure Act (CARD). Companies are learning how clear marketing and terms can create value. New and improved fnancial software tools to automate common money management activities. Gone are the days when Quicken was criticized for being too advanced for the average consumer! New Online Payment Options including bitcoins. These virtual currencies could begin to change the way we make electronic payments. Online and offine stores have already started accepting bitcoins and other alternative payment types. Crowdfunding, or pooling money via the internet to support an organization or project, is making it easier to raise capital. Companies like Kickstarter are proving how this new fundraising method can help bring independent products to market faster and without the traditional hurdles. 52 LOUISVILLE MAGAZINE 2.14 Read on for what's trending locally. This banking, fnance and wealth management section utilizes the knowledge of several local experts to help you grow and protect your fnancial investments in 2014 and beyond. Eclipse Bank offers uniqueness in "treasury management," springing from an innovative consultation process and clientcentered approach. New York Life Insurance Company offers clients a fxed immediate retirement income that is secure, one they can count on throughout retirement and is not affected by what happens in the fnancial markets. Hilliard Lyons touts bonds as a relatively stable source of income for investors and recommends periodically reviewing other fxed income investments of varying maturities and credit exposures to see if a rebalancing of bonds is appropriate. Republic Bank Private Banking offers exclusive service specifcally tailored to clients whose sizable assets require the highest degree of personal attention. Lamkin Wealth Management launched their Woman's Wealth Division to educate and empower women navigating life's transitions. American Founders Bank (AFB) is taking steps toward expanding their Community Banking philosophy in our city with the addition of two new lending offcers.

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