Insights
At Peapack Private, we consider education to be an important part of what we do, both for our clients and for the public overall. That's why we regularly speak to local and national media, and why we contribute articles to leading publications, and our time to professional organizations.
Featured ARTICLES
The Weekly Economic & Market Recap
During this week’s semiannual monetary policy testimony, Fed Chair Powell strongly suggested that the Federal Reserve was ready to pull the trigger on a rate cut at their July 30-31 meeting unless economic data showed improvement. The fixed income market is fully pricing in a rate cut. Equity markets responded with a rally to new highs, and the S&P 500 broke through the 3000 level for the first time. Assuming the Fed does cut rates, it will mark the most significant and rapid shift in central bank policy without the impact of a major exogenous event (i.e., war).
How one small bank is getting rich in wealth management
Peapack-Gladstone Financial in Bedminster, NJ, is betting big on wealth management.
The $4.8 billion-asset company has bought four boutique firms in the last four years, adding $2.2 billion in assets under management with those deals. Overall, Peapack counted $6.3 billion in assets under management on March 31.
Here’s the best financial advice these 10 advisors ever received
Diahann Lassus, co-founder, president and CIO of Lassus Wherley, New Providence, New Jersey: “When I was in high school, I was told that if you know what your income is and you know what your expenses are, you are in control of your savings plan. It certainly worked for me in my younger years. Really understanding those two things allowed me to pay my way through graduate school, save for specific purchases and begin a savings program in my late 20s. That savings program ultimately helped finance starting Lassus Wherley.
Can I claim the veteran exemption after my husband died?
Beginning with the 2017 tax year, a new veteran’s exemption in the amount of $3,000 was made available to qualifying taxpayers in New Jersey.
In order to qualify, a taxpayer must have been in the military and honorably discharged from active duty, said Cynthia Fusillo, a certified public accountant with Lassus Wherley, a subsidiary of Peapack-Gladstone Bank, in New Providence.
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