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Our wealth management division, Peapack Private, provides comprehensive financial, tax, fiduciary and investment advice to individuals, families, privately-held businesses, family offices, and not-for-profit organizations. We help our clients set and achieve their goals by developing solutions specifically designed and implemented for them.

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See what caught our eye this week and get our view on these topics.

The major news headline this week was the July payroll report. Nonfarm payrolls jumped 528,000, and the unemployment rate dropped to 3.5%. With positive revisions to May and June, job growth has averaged a very robust 437,000 over the last three months. Wage rates grew 5.2% year-over-year . The July employment numbers suggest that corporations continue to hire, and the U.S. economy is not yet in a recession despite two consecutive quarters of negative GDP prints.
Will my mother’s life insurance policy cause a Medicaid penalty?
What happens to Medicare premiums after I get a gift?

Our wealth management Leadership