A Personalized Approach to Your Finances
Bigger isn't always better—especially when it comes to receiving the personalized attention you want with your investment portfolio. In today’s busy and fast-paced environment, it is easy to feel lost in the shuffle when working with the financial giants. We offer an alternative.
LaSalle St. Securities, LLC,* and First Minnetonka City Bank, through the First Minnetonka Investment Center (FMIC), offers the entire spectrum of financial, investment and banking products and services. What sets us apart? We go a step further to provide personal attention not available anywhere else.
Let FMIC assist you with your investment needs.
At A Glance - What’s New
Recapping Our Beginning-of-Year Calls
Stocks capped off a strong first quarter by closing at record highs. After coming close several times in the past few weeks, the S&P 500 Index gained 0.8% last week to close at 1,569, surpassing the pre-credit-crisis 1,565 record from 2007. The Dow Jones Industrial Average gained 0.5% to yet another new high of 14,578 and the Nasdaq Composite rose 0.7% to a one-year high of 3,267. In fixed income markets, Treasury yields continued to fall (as prices correspondingly rose), with the 10-year yield dropping from 1.93% to 1.85%. Read More >>
Charitable trusts: take the lead
Suppose you would like to make a large donation to your favorite charity, but you are concerned about your family’s future well-being. If you do not have ample funds to achieve both objectives, consider the benefits of a charitable lead trust (CLT). Read More >>
Investing around the globe
For years, some investors have been "broadening their financial horizons" with international investments. As economies around the globe continue to intertwine, the trend is becoming more commonplace. Read More >>
Put it in writing!
If you are concerned about your family’s future, you should have a valid will executed. But that won’t do much good if it cannot be found or if the terms are not clear. So you may want to draft a letter of instructions to accompany the will. Read More >>
Is it still a good time to convert?
Let’s start with a brief comparison. Distributions from a traditional IRA are generally taxed at ordinary income rates currently reaching as high as 35%. (Future tax rates are expected to rise.) Read More >>
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Investing involves risks, including the potential for principal loss. Diversification and asset allocation do not assure a profit or guarantee against loss.