Wealth management

In 15 years at Wilshire Consulting, he worked with public and corporate pension funds, foundations, endowments and insurance companies.

Asset managers maintain key strategies, but take advantage of post-pandemic opportunities amid overall stabilization.

Public pension plans already received their 2020 funding by the time that the initial economic shock wave of the pandemic occurred.

Borrowing may not be the best way to replace revenue losses unless municipalities have good reason and the debt capacity to do so, former state officials said.

Richard Taormina, portfolio manager and head of tax aware strategies at JPMorgan Asset Management talks about the effects COVID-19 is having on credits in the municipal bond market and why crossover buyers think this an attractive asset class. Chip Barnett hosts.

Moody's warns the current economic turmoil poses more pension-related credit risks for Illinois and many of its local governments than did the Great Recession.

Eric Fischer returns to the firm and will focus on municipal finance and tender option bonds.

Our second monthly survey found a smooth transition to remote work and digital customer access channels — but technology issues still arose. The pandemic has highlighted the importance of having a strong digital presence across all retail sectors, including financial services.

Christopher Philips, CFA, head of Vanguard Institutional Advisory Services, discusses the importance of asset allocation during uncertain times as the coronavirus hits investors’ portfolios. He talks about looking at the fundamentals while distancing from the day-to-day value fluctuations. John Hallacy hosts this podcast, which was recorded March 20.

A new study finds the impact of pension debt may not be as big as commonly believed.

Gov. J.B. Pritzker unveiled a $42 billion general fund budget for fiscal 2020.

The state's lookback at gambling revenues since 2012 comes as a large-scale expansion looms.

Three of the biggest New York City pension funds have selected advisors to help divest from fossil fuels.

Assets in the so-called Smart Plan have risen to $10.06 billion as of Dec. 30 from $4.5 billion in 2009, said state Treasurer Deborah Goldberg.

With the addition of two new municipal funds, Baird appeals to more shareholders while expanding its current offerings.

The two firms hope the more formal union will pave the way for an expansion of products and services and the speed by which they go to clients.

The state will pool the assets of 650 public safety pension funds outside Chicago into two new funds: one for police and one for firefighters.

David Hammer, vice president and head of municipal bond portfolio management at PIMCO, discusses munis' historic year in terms of performance and inflows and breaks down what makes muni so attractive. This podcast, recorded in September, is hosted by Aaron Weitzman.

The Illinois city faces garnishment of state funds to make up for pension shortfalls, threatening its ability to deliver core services, Moody's said.

Illinois lawmakers wrapped up the first half of their annual fall veto session leaving tough legislation for the second half, beginning Nov. 12.