News and Notes
Millionaires Predict Solid
Market Performance in 2007
Millionaires are optimistic that the stock
market will return between 6% and 10%
in 2007, according to “Wealth in
America 2007,” Northern Trust’s landmark
new study of more than 1,000 affluent
More than three of every five millionaires
polled were “bullish” — expecting
market gains of 6% and higher — primarily
due to their optimism that corporate
earnings growth will remain strong this
year and that the current U.S. economic expansion will continue.
Only a small minority (6%) of investors in the study could be classified as “bearish,”
because they expect market losses instead of gains in 2007. Their negative outlook is due to
their concern about three factors that could have a dampening effect on stocks: a worsening
international crisis, increasing federal budget and trade deficits, and the decline in the value
of the dollar.
For a more complete picture of the attitudes and behaviors about investing, retirement,
philanthropy and success revealed in “Wealth in America 2007,” you may read the study at northerntrust.com/wealthinamerica.
Vero Beach Opens New Office
Northern Trust’s recently constructed office in Vero Beach, Fla., welcomed clients for business
on Monday, Dec. 18, 2006. The two-story, 23,830 square-foot building was constructed
on the site of the firm’s former Vero Beach office, which was heavily damaged in
2004 by Hurricane Jeanne. During the two-year rebuilding process, business was conducted
out of two temporary offices. Clients and partners celebrated the grand opening with a
series of events throughout January.
||Berthe Morisot, In the Garden at Maurecourt, c.1884, oil on canvas,
21 1/4 x 25 5/8 in.
Toledo Museum of Art:Purchased with funds from the Libbey Endowment, Gift of Edard Drummond Libbey, 1930.9
“Inspiring Impressionism” in Atlanta, Denver and Seattle
Northern Trust announces the national
sponsorship of a multi-year traveling art
exhibition titled “Inspiring Impressionism.”
This exhibition is the first to explore the
influence that Old Master painters — such as
Raphael and Titian — had on Impressionists,
including Monet and Degas.
The exhibition will feature more than
100 works of art — paintings, works on
paper, photographs and sketchbooks —
from nearly 70 museums and private collections
around the world, such as the
National Gallery in London, the Musée
d’Orsay in Paris and the Museo Nacional
del Prado in Spain. Featured artists include
Monet, Cezanne, Degas, Titian, Rembrandt,
Rubens and Fragonard.
“Inspiring Impressionism” will begin its
tour at Atlanta’s High Museum of Art on
Oct. 13, running through Jan. 13, 2008. The
exhibit will then travel to the Denver Art
Museum from Feb. 23 through May 25,
2008, and later to the Seattle Art Museum
from June 19 through Sept. 21, 2008.