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Spring 2007 | ||
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Features |
News and Notes
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 households. 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.
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.
“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. |
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The views, opinions and investment information expressed are those of the individuals noted herein, do not necessarily represent the views of Northern Trust or any other person in the Northern Trust organization and are subject to change based on market or other conditions.The material is provided for informational purposes only and should not be construed as investment, tax or legal advice or a recommendation to buy or sell a security. Northern Trust disclaims any responsibility to update such views. Northern Trust does not guarantee that the information supplied is accurate, complete or timely and does not make any warranties with regard to the results obtained from its use. Northern Trust does not guarantee the suitability or potential value of any particular investment or information source. You should consult your investment, tax, legal and accounting professionals before taking any action. To ensure compliance with requirements imposed by the Internal Revenue Service, we inform you that any tax information in this magazine is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Northern Trust banks are members FDIC. © 2007
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