COVID-19 and its impact on the printing and writing paper industry, The use of electronic media as a means of communication has contributed to the long-term secular decline in demand for printing and writing (P&W paper products The onset of COVID-19 is expected to accelerate the trend causing a permanent reduction in demand putting additional pressure on near-term P&W paper product selling prices and forcing industry capacity closures / conversions to…

Patrick Coffey is a Wealth Specialist in Mesirow Wealth Management He is responsible for helping his team create comprehensive financial plans for individuals and families to help them accumulate grow protect and distribute their wealth Patrick has three years of experience in the financial services industry Prior to joining Mesirow in 2024 Patrick worked as a Registered Wealth Management…

Patrick Ryan is a member of the investment team and is involved in all aspects of the private equity investment process Prior to joining Mesirow in 2018 Patrick was an was an Investment Analyst at RCP Advisors a lower middle market private equity fund of funds Patrick earned a Bachelor of Arts from the University of Chicago

Paul Baker is a Senior Managing Director in Mesirow Institutional Sales and  Trading He focuses on interest rate sales and domestic and global exposure for the interest rate products Prior to joining Mesirow in 2009 Paul was a Senior Managing Director at Bear Stearns where he covered large institutional accounts for interest rate products Paul earned a Bachelor of Science from the University of…

Paul Blumberg is a Senior Managing Director in Mesirow Wealth Management He plays a vital role on his clients’ financial planning team working with attorneys insurance professionals accountants and other advisors ensuring his clients’ comprehensive needs are addressed Paul joined Mesirow in 1983 and has 41 years of experience helping individuals families and small businesses develop and implement…

Paul Mariani is a managing director with Mesirow Investment Banking where he leads the group’s food beverage and agribusiness practice He is responsible for developing key sector-relevant relationships originating transactions leading deal teams throughout the transaction process and providing advisory services to the firm’s food beverage and agribusiness clients Paul has more than 20 years of…

Paul Meier is a Senior Vice President in Mesirow Currency Management He is a member of the team responsible for the group’s execution and trading system efforts for the suite of institutional currency programs Paul has more than 10 years of foreign exchange experience Prior to joining Mesirow he worked for The Walt Disney Company in corporate treasury As a member of the foreign exchange –…

Background, The client John was a 90-year-old widower with three adult children and six grandchildren During the client and his wife’s lifetime they established Trusts for each of the grandchildren using a portion of their lifetime exemption When his wife passed her assets exceeded the Illinois state estate tax exemption and Federal estate tax exemptions (which at that time was much lower than today As a…, Situation, Need for a more strategic and organized plan for cash flow and long-term legacy The family came to Mesirow because the trusts’ investments utilization of the funds for the client’s ongoing needs and eventual transfer to the next generation was in question The client lived independently but had a limited understanding of the differences between the various trusts He was also becoming increasingly…, Solution, Created a cash flow and legacy strategy integrated with more strategic asset allocation and investment lineups 1 After a period of document collection due diligence and analysis the Mesirow team provided the following observations and recommendations Created a summary of the overall balance sheet Reviewed all asset details and recommended revised strategies and allocations Analyzed and optimized…, Conclusion, Helping our clients and their family pursue peace of mind While working with the client his three children approached the team with opportunities to work with them on managing their assets and disparate finances which ultimately led to working with their six children Over the last several years that the family has been a Mesirow client the client and other family members’ trust and reliance on…