BMT - Banking, Wealth & Insurance
46 episodes - English - Latest episode: about 3 years ago - ★★★★★ - 1 ratingThe BMT podcast provides commentary on the financial markets, financial planning, and other timely topics. The podcast features professionals from BMT Banking, Wealth Management, and Insurance.The Bryn Mawr Trust Company (BMT), headquartered in Bryn Mawr, Pa., is a locally managed premier financial services company providing retail and commercial banking; trust administration and wealth management; and insurance and risk management solutions. BMT operates banking, wealth management, insurance, and risk management offices in Montgomery, Chester, Delaware, Philadelphia, and Dauphin Counties in Pennsylvania; New Castle County in Delaware; and Mercer and Camden Counties in New Jersey. For more information, visit bmt.com.The views expressed herein are those of Bryn Mawr Trust as of the date recorded and are subject to change without notice. Guest opinions are their own and may differ from those of Bryn Mawr Trust and its affiliates and subsidiaries. This podcast is for informational purposes only and should not be construed as a recommendation for any product or service.
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Episodes
JUNE 16, 2021 - FOMC MEETING RECAP
June 17, 2021 20:00 - 15 minutes - 10.5 MBJim Barnes, Senior Vice President and Director of Fixed Income at BMT Wealth Management, discusses the Federal Open Market Committee (FOMC) held on June 15/16. At this meeting, the FOMC revised its projections for the federal reserve target range from no rate hikes through 2023 to 50 basis points (0.50%). The U.S. Treasury curve shifted higher immediately following the 2:00 statement to reflect the more hawkish tone. Discussions regarding bond tapering formerly began but no changes were m...
March 17, 2021 – FOMC Meeting Recap
March 17, 2021 21:00 - 16 minutes - 11.6 MBJim Barnes, Senior Vice President and Director of Fixed Income at BMT Wealth Management, discusses the Federal Open Market Committee held on March 16/17. The quick takeaway, the Federal Reserve (Fed) is in no hurry to remove or alter its accommodative monetary policy this year. The Fed continues to project the federal funds target rate will remain near 0.00% through 2023 based on the recently updated Summary of Economic Projections. During the post-meeting conference, Fed Chairman Powell ...
Big Tech: The Road to Underperformance
February 05, 2021 17:00 - 15 minutes - 10.9 MBBMT Chief Investment Officer Jeff Mills cuts through the noise and recent sub-plots in the financial markets to look at Big Tech and what may lie ahead for the Tech sector. In this podcast, Jeff discusses equity valuations, interest rates, inflation, and policy risks related to Tech, a piece of BMT’s overall 2021 Investment Outlook. Links: Big Tech: The Road to Underperformance - www.bmt.com/big-tech-the-road-to-underperformance BMT's 2021 Economic and Investment Outlook - www.bmt.com/202...
JANUARY 27, 2021 - FOMC MEETING RECAP
January 28, 2021 17:00 - 13 minutes - 9.59 MBJim Barnes, Senior Vice President and Director of Fixed Income at BMT Wealth Management, discusses the first Federal Open Market Committee (FOMC) meeting of 2021 that concluded on January 27. As expected, the Federal Reserve (Fed) left monetary policy unchanged but acknowledged recent economic weakness in the post-FOMC statement. Fed Chairman Powell played down the likelihood of removing current monetary policy accommodations in 2021 by simply stating the discussion was premature given the...
What is the Fed?
December 24, 2020 15:00 - 37 minutes - 25.6 MBIn a new Q&A format, Chief Investment Officer Jeff Mills and Director of Fixed Income Jim Barnes discuss the Federal Reserve banking system, starting with the basics and moving to more granular topics. What is the Federal Reserve system? What does the Fed do? What is the central bank? What is monetary policy? What is the Fed's dual mandate? Listen for these and more – like a deep dive into interest rates – in BMT Wealth Management's latest podcast.
NOV. 20, 2020 - POST-ELECTION YEAR-END TAX PLANNING DISCUSSION
November 20, 2020 17:00 - 18 minutes - 12.9 MBIn this podcast, BMT Director of Tax Services Jennifer Marshall offers a post-election tax discussion based on a Biden-Harris administration scenario. Jen does a deep dive into the various tax proposals mentioned during the campaign, at town hall sessions, and campaign rallies. How do the various proposals impact 2020 year-end tax planning? Listen to hear Jen's analysis. Links: BMT Year-End Tax Planning Guide (COMING SOON) BMT Wealth Management
OCTOBER 26, 2020 - PRIVATE EQUITY
October 26, 2020 17:00 - 15 minutes - 10.9 MBBMT Chief Investment Officer Jeff Mills provides an overview of the private equity asset class. In this podcast, Jeff covers what private equity is and why some investors may want to consider it within a diversified portfolio. Listen as Jeff discusses why now might be a particularly interesting time to consider private equity, highlighting that the pandemic has created opportunities to invest in certain middle-market private companies.
OCTOBER 7, 2020 - END OF YEAR TAX PLANNING
October 07, 2020 20:00 - 57 minutes - 39.3 MBThis is an audio-only version of a recent BMT Perspective webcast on year-end tax planning. It was recorded live in September 2020. Learn from the experts on income tax and estate planning opportunities to consider in 2020, effective planning strategies for low-interest environments, and Trump vs. Biden tax proposals and how those may impact planning and much more.
SEPTEMBER 16, 2020 - FOMC MEETING RECAP
September 17, 2020 13:00 - 11 minutes - 7.62 MBJim Barnes, Senior Vice President and Director of Fixed Income at BMT Wealth Management, discusses the Federal Open Market Committee (FOMC) meeting that concluded on September 16th. At this meeting, the FOMC released an updated Summary of Economic Projections which projected the Fed will keep interest rates near zero through at least 2023. In the post FOMC press conference, Chairman Powell acknowledged the improving economy and the recent bounce in economic data but also reiterated the U.S...
JULY 29, 2020 - FOMC MEETING RECAP
July 29, 2020 21:00 - 9 minutes - 6.42 MBJim Barnes, Senior Vice President and Director of Fixed Income at BMT Wealth Management, discusses the Federal Open Market Committee (FOMC) meeting that concluded on July 29. As expected, the Federal Reserve (Fed) left monetary policy unchanged but added within the FOMC statement that “The path of the economy will depend significantly on the course of the virus.” Chairman Jerome Powell acknowledged in the post-FOMC meeting press conference that recent economic data reflected a deceleration...
July 16, 2020 - OVERVIEW OF QUARTERLY TOP 10 LIST
July 17, 2020 03:00 - 20 minutes - 14.4 MBIn this podcast, BMT Wealth Management Chief Investment Officer Jeff Mills provides a high-level overview of topics covered in his mid-year Top 10 list that was published last week. Jeff lays out what he thinks are the most important topics for the second half of 2020, an already unprecedented year. This episode serves as an on-the-go primer before you dive into the full publication.
JUNE 10, 2020 - FOMC MEETING RECAP
June 10, 2020 21:00 - 13 minutes - 8.99 MBJim Barnes, Senior Vice President and Director of Fixed Income at BMT Wealth Management, discusses the Federal Open Market Committee (FOMC) meeting that concluded on June 10. Based on projections submitted by participants of the FOMC, the federal funds target range will remain between 0% and 0.25% until the end of 2022. Chairman Jerome Powell reiterated the need for accommodative monetary policy given the substantial increase in the unemployment rate and current economic contraction. He n...
May 4, 2020 - Tips for Giving on Giving Tuesday
May 04, 2020 15:00 - 5 minutes - 3.45 MBElizabeth Wagner, Senior Vice President and Director of Institutional Wealth Management, discusses how to make charitable gifts during a time of global disruption and significant domestic need. She reminds you to start with the organizations you’ve supported for years, giving unrestricted where you can to help them through this difficult time, and to accelerate any charitable commitments or pledges you might have made if you can. Think about causes that most move you and organizations whose...
APRIL 29, 2020 - FOMC UPDATE
April 30, 2020 19:00 - 10 minutes - 6.92 MBJim Barnes, Senior Vice President and Director of Fixed Income at BMT Wealth Management, discusses the Federal Open Market Committee (FOMC) meeting that concluded on April 29, 2020. Although there were no changes to monetary policy, the Federal Reserve was direct in noting the economic challenges that exist due to COVID-19. During the post meeting press conference, Federal Reserve Chairman Jerome Powell made clear that monetary policy will remain accommodative for as long as necessary until...
APRIL 17, 2020 - MARKET INSIGHTS WITH JEFF MILLS
April 17, 2020 17:00 - 13 minutes - 9.52 MBIn this podcast, BMT Wealth Management Chief Investment Officer Jeff Mills dives into market reactions to COVID-19 developments, particularly news of promising therapies. Jeff also discusses significant market advances seen over the past four weeks, and how certain sectors track – historically speaking – in terms of market lows.
MARCH 27, 2020 - MARKET INSIGHTS
March 27, 2020 20:00 - 21 minutes - 14.8 MBIn this podcast, BMT Wealth Management President Jennifer Dempsey Fox offers non-financial tips for managing through difficult situations and reflects on often-heard – and incredibly relevant – advice from other areas of our lives. Chief Investment Officer Jeff Mills provides sobering insight into a turbulent week in the markets, draws parallels to previous downturns, and examines the perils of trying find and time a market bottom.
March 18, 2020 - BMT AND FINANCIAL MARKETS UPDATE
March 18, 2020 18:00 - 27 minutes - 18.8 MBIn this podcast, BMT Wealth Management President Jennifer Dempsey Fox offers an update on BMT’s COVID-19 response, as well as some personal insights. Jen also recites a recent letter from CEO Frank Leto. Chief Investment Officer Jeff Mills provides a dose of reality in his commentary on the financial markets. He provides historical insights and data to help make sense of where we were, where we are, and the possibilities for the weeks and months ahead.
March 9, 2020 - COVID-19 (CORONAVIRUS) RESPONSE AND MARKET INSIGHTS
March 09, 2020 15:00 - 25 minutes - 17.7 MBIn this podcast, BMT Wealth Management President Jennifer Dempsey Fox provides comments regarding COVID-19 and our preparedness as a company, keeping our clients, employees, and communities at the heart of our decision making. Jeff Mills, Chief Investment Officer at BMT, provides insights into the rapidly changing financial markets and how BMT is thinking about the investment landscape.
JAN. 29, 2020 FOMC MEETING RECAP
January 30, 2020 16:00 - 9 minutes - 6.27 MBJim Barnes, Senior Vice President and Director of Fixed Income at BMT Wealth Management, discusses the Federal Open Market Committee (FOMC) meeting that concluded on January 29th, the first meeting of the year. As expected, the Federal Reserve (Fed) left the federal funds target range unchanged at 1.50% – 1.75%. Overall, the Fed continues to have a favorable view of the U.S. economic outlook although uncertainty remains regarding trade and global growth. In the post FOMC press conference, ...
2020 QUARTERLY ECONOMIC AND INVESTMENT OUTLOOK
January 06, 2020 21:00 - 32 minutes - 22.3 MBJeffrey Mills, Chief Investment Officer at BMT Wealth Management, discusses issues that are most likely to impact financial markets as we start the new year. Topics range from the U.S. Presidential Election to the most attractive areas of the stock market. Perhaps most critical is the view that a recession will not occur in 2020. Read the BMT 2020 Economic and Investment Outlook (full publication)
2019 TAX UPDATES WITH JENNIFER MARSHALL
December 23, 2019 15:00 - 18 minutes - 12.9 MBIn her first solo podcast, BMT senior vice president and director of tax services Jennifer Marshall reports on updates provided by the Internal Revenue Service (IRS) for the 2019 tax year. Jen discusses tax form updates, IRS-highlighted compliance audit programs, state and local tax credits, and the Tax Cuts and Jobs Act.
FOMC UPDATE WITH JIM BARNES
December 13, 2019 14:00 - 9 minutes - 6.83 MBJim Barnes, Senior Vice President and Director of Fixed Income at BMT Wealth Management, discusses the Federal Open Market Committee (FOMC) meeting that concluded on December 11, 2019, the last meeting of the year. After three consecutive meetings concluding with an interest rate cut, the Fed left the federal funds target range unchanged at 1.50% - 1.75%. The Fed is expected to remain on hold in 2020 based on the revised Summary of Economic Projections. Jim discusses the Fed’s current econom...
UPDATE ON QUALIFIED OPPORTUNITY ZONES
October 31, 2019 17:00 - 21 minutes - 14.6 MBBMT Wealth Management President Jennifer Dempsey Fox and Jennifer Marshall, senior vice president and director of tax services at BMT, discuss the time-sensitive topic of Qualified Opportunity Zone Funds, created by the Tax Cuts and Jobs Act (TCJA) of 2017. This is a follow-up episode on a closely watched topic that, until recently, was in need of definitive IRS regulations.
Update On Qualified Opportunity Zones
October 31, 2019 17:00 - 21 minutes - 14.6 MBBMT Wealth Management President Jennifer Dempsey Fox and Jennifer Marshall, senior vice president and director of tax services at BMT, discuss the time-sensitive topic of Qualified Opportunity Zone Funds, created by the Tax Cuts and Jobs Act (TCJA) of 2017. This is a follow-up episode on a closely watched topic that, until recently, was in need of definitive IRS regulations.
Oct. 29-30 FOMC Meeting Recap and Analysis
October 30, 2019 21:00 - 8 minutes - 5.84 MBJim Barnes, Senior Vice President and Director of Fixed Income at BMT Wealth Management, discusses the Federal Open Market Committee (FOMC) meeting that concluded on October 30, 2019. As expected, the federal funds target range was cut by 25 basis points – the third cut in as many FOMC meetings. Chairman Powell’s post-meeting comments indicated that the U.S. economy is in a good position while monetary policy remains somewhat accommodative. Jim also discusses the low inflationary environment...
OCT. 29-30 FOMC MEETING RECAP AND ANALYSIS
October 30, 2019 21:00 - 8 minutes - 5.84 MBJim Barnes, Senior Vice President and Director of Fixed Income at BMT Wealth Management, discusses the Federal Open Market Committee (FOMC) meeting that concluded on October 30, 2019. As expected, the federal funds target range was cut by 25 basis points – the third cut in as many FOMC meetings. Chairman Powell’s post-meeting comments indicated that the U.S. economy is in a good position while monetary policy remains somewhat accommodative. Jim also discusses the low inflationary environment...
PREPARING FOR DIVORCE
October 24, 2019 14:00 - 21 minutes - 14.6 MBBMT Wealth Management President Jennifer Dempsey Fox and Steve Klammer, senior vice president and director of wealth advisory services at BMT, sit down for a wide-ranging discussion on estate planning when facing a divorce. They broach such sensitive areas as planning for incapacity and death; updating of documents; beneficiary and fiduciary considerations; choosing your professional team; and potential impacts to retirement, insurance, and cash flow.
Q3 2019 MARKET INSIGHTS FROM BMT WEALTH MANAGEMENT
October 16, 2019 14:00 - 36 minutes - 25.1 MBAmid a particularly complex global economic and political backdrop, Jeffrey Mills, Chief Investment Officer at BMT Wealth Management, tackles a number of the most pressing topics for investors. There is something for everyone in this podcast, as the discussion ranges from the practical considerations of how to invest new cash, to more complex topics like forecasting the next recession and the U.S. national debt. Read the Q3 2019 Market Insights report at bmt.com.
PHILANTHROPIC GIVING: PRIVATE FOUNDATIONS AND DONOR-ADVISED FUNDS
September 26, 2019 16:00 - 26 minutes - 18.3 MBJennifer Dempsey Fox, President of BMT Wealth Management, is joined by Elizabeth B. Wagner, BMT’s Director of Institutional Wealth Management, to discuss trends in philanthropic giving, especially the use of donor advised funds and private foundation vehicles. They discuss the differences between the two models as well as considerations – goals, timing, transfer of family values and other issues – when deciding to organize your giving.
SEPT. 18, 2019 - FOMC RECAP AND ANALYSIS
September 18, 2019 21:00 - 12 minutes - 8.67 MBJim Barnes, Senior Vice President and Director of Fixed Income at BMT Wealth Management, discusses the two-day Federal Open Market Committee (FOMC) meeting that concluded on September 18. As expected, the federal funds target rate was cut by 25 basis points. Chairman Powell acknowledged in the post-FOMC meeting news conference that the underlying strength of the U.S. economy remained very favorable although trade policy uncertainty as well as weak economic growth trends overseas were potenti...
UNDERSTANDING INTEREST RATE SWAPS
August 07, 2019 10:00 - 24 minutes - 16.7 MBBMT Wealth Management President Jennifer Dempsey Fox sits down with Neil Orechiwsky, senior vice president and Managing Director of Capital Markets at Bryn Mawr Trust. Neil and Jen give a primer on interest rate swaps, a product used to mitigate risk and used often in conjunction with other banking products and services. Listen in as they discuss "swaps" in terms of rate hedging, risk management, foreign exchange risk management, credit portfolios, and more.
JULY 31 FOMC MEETING RECAP
July 31, 2019 20:00 - 9 minutes - 6.7 MBJim Barnes, Senior Vice President and Director of Fixed Income at BMT Wealth Management, discusses the two-day Federal Open Market Committee (FOMC) meeting that concluded on July 31 as well as the post-FOMC meeting press conference held by Fed Chair Jerome Powell. Jim highlighted the 25 basis point (0.25%) rate cut as well as the primary risks to continued U.S. economic growth.
Q2 2019 MARKET REPORT FROM BMT WEALTH MANAGEMENT
July 11, 2019 15:00 - 13 minutes - 9.13 MBErnie Cecilia, Senior Vice President and Chief Investment Officer at BMT Wealth Management, provides commentary on the second quarter of 2019 and discusses must-watch metrics that may impact the quarter and year ahead. This thorough market summary includes information on a wide range of important topics including: Valuation of large cap and mega-cap tech stocks, bond yields and their impact on the equities markets, inflation data, GDP growth, and the probability of a Fed rate cut in the comi...
FOREVER IS A LONG TIME: EVALUATING NONPROFIT INVESTMENT POLICIES FOR THE 21ST CENTURY
July 11, 2019 15:00 - 20 minutes - 14 MBBMT Wealth Management President Jennifer Fox sits down with Elizabeth Wagner, SVP and Director of Institutional Wealth Management at BMT for our latest episode. In this edition, they discuss a range of concepts focused on helping nonprofits plan for a sustainable “forever” future, including fiduciary responsibility, spending policies, annual payouts, board and investment committee composition, and the mechanics of fundraising. This thought-provoking podcast will be of interest to leaders in ...
FOMC MEETING RECAP
June 19, 2019 20:00 - 15 minutes - 10.5 MBJim Barnes, Senior Vice President and Director of Fixed Income at BMT Wealth Management, discusses the two-day Federal Open Market Committee (FOMC) meeting that concluded on June 19 as well as the post-FOMC meeting press conference held by Fed Chair Jerome Powell. Jim noted a disappointing recent jobs report, healthy consumer spending data, a noticeable drop in bond yields, and the Fed’s elevated concern over certain economic metrics. Overall, the Fed left the federal funds target rate unc...
FOMC MEETING RECAP
June 19, 2019 20:00 - 15 minutes - 10.5 MBJim Barnes, Senior Vice President and Director of Fixed Income at BMT Wealth Management, discusses the two-day Federal Open Market Committee (FOMC) meeting that concluded on June 19 as well as the post-FOMC meeting press conference held by Fed Chair Jerome Powell. Jim noted a disappointing recent jobs report, healthy consumer spending data, a noticeable drop in bond yields, and the Fed’s elevated concern over certain economic metrics. Overall, the Fed left the federal funds target rate unc...
Q1 2019 MARKET REPORT FROM BMT WEALTH MANAGEMENT
April 10, 2019 14:00 - 12 minutes - 5.57 MBErnie Cecilia, Senior Vice President and Chief Investment Officer at BMT Wealth Management, sits down to reflect on the fourth quarter of 2018 through the lens of the recently closed first quarter of 2019. He also looks ahead at the financial markets and how they affect investments. Ernie also provides analysis of our globally-connected economy with a look at the IMF’s global growth forecast and international manufacturing data, trade and tariffs, and consumer demand.
MARCH 2019 LABOR MARKET REPORT ANALYSIS AND COMMENTARY
April 05, 2019 21:00 - 9 minutes - 4.44 MBJim Barnes, Senior Vice President and Director of Fixed Income at BMT Wealth Management, provides commentary on the U.S. labor market report that was released this morning. In addition to explaining why labor market data is important, Jim reports on the market’s overall reaction to the report and what it tells us about the U.S. economy. Finally, he discusses the BMT investment team’s outlook.
DISCUSSION OF SECTION 199A OF THE 2017 TAX CUTS AND JOBS ACT (PART 2: REAL ESTATE)
April 02, 2019 04:00 - 19 minutes - 9.12 MBIn part two of our series on section 199A of the Tax Cuts and Jobs Act, BMT’s Jen Fox and attorney Tony Lopes turn their attention to real estate investments. They discuss qualifying for a 199A deduction in terms of operational rules, safe harbor requirements, business structures, record keeping practices, QBI and more. This episode is recommended listening for real estate investors in search of an educational primer in advance of sitting down with their accounting and legal advisors.
DISCUSSION OF SECTION 199A OF THE 2017 TAX CUTS AND JOBS ACT (PART 1)
April 01, 2019 04:00 - 28 minutes - 13 MBIn part one of this two-part podcast, BMT Wealth Management President Jen Fox sits down with attorney Tony Lopes to discuss section 199A – of provision 11011 – of the 2017 Tax Cuts and Jobs Act. They focus on the “nuts and bolts” of 199A, possible tax-time implications, considerations for entrepreneurs, and much more.
U.S. TREASURY MARKET UPDATE, INCLUDING COMMENTARY ON THE TREASURY YIELD CURVE INVERSION
March 22, 2019 04:00 - 9 minutes - 4.55 MBJim Barnes, Senior Vice President and Director of Fixed Income at BMT Wealth Management, provides commentary on developments in the U.S. treasury market and the recent inversion of the U.S. treasury yield curve, the specific area between the 3-month U.S. treasury bill and the 10-year U.S. treasury note. He discusses last week’s events that contributed to the yield curve’s inversion, including the FOMC meeting on March 19-20, as well as disappointing manufacturing data in the eurozone and in ...
THE IMPORTANCE OF CREDIT QUALITY IN SELECTING FIXED INCOME INVESTMENTS
January 23, 2019 05:00 - 8 minutes - 4.02 MBJen Fox, President of BMT Wealth Management, met with Jim Barnes, Director of Fixed Income, to discuss credit developments in the bond market. Given the long period of low borrowing costs, many companies have increased the amount of debt on their balance sheets. Jim and Jen discussed the importance of credit analysis in the current economic environment as well as specific metrics the BMT Fixed Income Team utilizes when assessing the overall credit quality of an issuer.
PREPARING FOR YOUR DIGITAL AFTERLIFE
November 28, 2018 05:00 - 32 minutes - 14.7 MBOur guest Lee Poskanzer, CEO of Directive Communication Systems, speaks with Jen Fox, President of BMT Wealth Management, about preparing for your digital afterlife. With a series of anecdotes and what-if scenarios, Jen and Lee delve into best practices for setting up your estate so that your final wishes for your digital assets – photos, fin-tech accounts, gaming profiles, etc. – are clearly defined. This is part one of a two-part podcast.
HELPING YOUR CLIENTS PREPARE FOR THEIR DIGITAL AFTERLIVES
November 27, 2018 05:00 - 11 minutes - 5.39 MBIn part two of our podcast on the digital afterlife, Jen Fox, President of BMT Wealth Management, talks to Lee Poskanzer, CEO of Directive Communication Systems, about preparing estates for their digital afterlife. Their discussion focuses on issues relevant to professional advisors – estate lawyers, estate planners, and others – who are counseling clients on how to protect their digital assets after their death.
OUR RISING INTEREST RATE ENVIRONMENT
October 11, 2018 04:00 - 7 minutes - 3.45 MBJen Fox, President of BMT Wealth Management, met with Jim Barnes, Director of Fixed Income with the firm, to talk about the interest rate environment in the United States. Their conversation ranged from the primary drivers behind the recent rise in interest rates to whether clients should be concerned about those increases, the impact higher rates has on bond prices, and how that affects investors’ portfolios. Jim also offered his thoughts on the course of interest rates going forward.
TAX CUTS AND JOBS ACT – IMPLICATIONS FOR TAX AND ESTATE PLANNING
October 09, 2018 04:00 - 12 minutes - 5.57 MBHow are individual taxpayers being affected by the Tax Cuts and Jobs Act of 2017? Jen Fox, President of BMT Wealth Management, and Paul Gaudio, a Wealth Planning Strategist with the firm, met to discuss the changes the Act made to three types of taxes – the alternative minimum tax, the estate tax, and the “kiddie tax” (the tax on unearned income of dependents) – and what that means for tax and estate planning.