Reid Kilberg to join expanding Mesirow distribution team from PNC Institutional Asset Management, Financial markets professional with more than 30 years’ experience, Fourth strategic hire for Mesirow Global Investment Management in six months, CHICAGO January 17 2023,  – Mesirow an independent employee-owned financial services firm is pleased to announce the appointment of  Reid Kilberg  as a Managing Director in  Global Investment Management This senior hire is the fourth strategic appointment for the  Global Investment Management Distribution team in the last six months This comes as part of Mesirow’s commitment to drive growth enhance investor experiences…, About Mesirow Global Investment Management, With global headquarters in Chicago Mesirow Global Investment Management provides clients global alternative and traditional strategies that are customized by special teams to address individual risk and return objectives Mesirow offers institutional investors customized currency management high-quality private equity partnership and sponsorship opportunities compelling direct real estate…, About Mesirow, Mesirow is an independent employee-owned financial services firm founded in 1937 Headquartered in Chicago with locations around the world we serve clients through a personal custom approach to reaching financial goals and acting as a force for social good With capabilities spanning Global Investment Management Capital Markets & Investment Banking and Advisory Services we invest in what…

September 10 2024 |, By, Mesirow Currency Management, Billions of dollars in transaction savings and economic output Rapid payment systems pay off, Will developed countries follow the instant payment lead of developing countries, When it comes to data FedNow is a FedNo FedNow the Federal Reserve’s rapid (or instant payment system celebrated its first anniversary in July 2024  While boasting more than 900 participating financial institutions an extraordinary increase from the 35 institutions that FedNow launched with in 2023 the company is unwilling to disclose the number or value of transactions it processed in its first…, Country, 2021, 2022, 2023, 2026, 2028, Australia 097 13 14 24 28 Brazil 87 292 374 824 1158 China 185 176 172 332 297 India 486 895 1293 2062 248 UK 34 40 46 58 63 US 18 28 35 89 139 Sources ACI World PrimeTime for Real-Time global payments reports (all years except 2026 Year 2026 cebrcom/wp-content/uploads/2022/04/Real-Time-Report_v8pdf Nations that have large populations cash-dominant economies low credit usage and poor financial…, 1, | The first is reductions in payment transaction costs when paper-based transaction systems like checks and cash are dominant payment forms Paper payments have a higher unit cost compared to electronic payments because paper requires more manual effort to process  Countries like Brazil that have a high percentage of paper-based transactions (65% of the payment mix in 2021 according to Centre for…, 2, | The second economic benefit is the reduction in payment float Float is the time – sometimes several days – that money sits in the financial system after the payer sends funds but before the recipient gets the money  In traditional payment systems float allows time to deal with the transaction instructions and make the payment In a rapid payment transaction those processes occur instantaneously…, 3, | Failed transactions are the third area for cost improvement Payments fail because of incorrect payment details manual mistakes and failures in payment processing Failed payments costs include penalties such as overdraft fees costs to fix the failure and the loss of business from customers who have their accounts closed or who leave to find better payment options  Instant payments can…, Country, 2021, 2026 (estimated, Australia $205 $628 Brazil $5692 $37890 China $15379 $27389 India $12607 $92374 UK $950 $1787 US $648 $1985 Source cebrcom/wp-content/uploads/2022/04/Real-Time-Report_v8pdf FIGURE 2 REAL-TIME PAYMENTS SAVINGS 2021 AND ESTIMATED 2026 $MILLION Source cebrcom/wp-content/uploads/2022/04/Real-Time-Report_v8pdf Money lost in inefficient transactions float and failed transactions is money that can’t be…, Country, 2021, 2026 (estimated, Australia 6 7 Brazil 34 208 China 11 13 India 56 112 UK 10 11 US 1 2 Source cebrcom/wp-content/uploads/2022/04/Real-Time-Report_v8pdf FIGURE 3 CONTRIBUTIONS TO GDP FROM REAL-TIME PAYMENT IMPLEMENTATION BASIS POINTS  Source cebrcom/wp-content/uploads/2022/04/Real-Time-Report_v8pdf Developed nations lag in instant payment roll-out because credit and debit cards are tightly integrated in their…, Explore more currency insights, Stablecoins Cryptocurrencies with a pegged price, Designed to overcome price volatility and pegged to a single asset or combination of assets stablecoins aim to become a mainstream medium of exchange Read article, US debt is headed to unimaginable levels, Since 1990 debt crises have erupted periodically but the next one may not be so easy to dismiss Is a financial reckoning coming Read article

At Mesirow we know that our relevance and our ability to serve clients depends on the dynamic evolution of a workplace that values diverse thought experience and backgrounds As we navigate a constantly changing and uncertain national landscape Mesirow remains steadfast in our commitment to nurture an inclusive workplace that supports every employee and the differences that strengthen our firm We…

Rebecca Solomon serves as a Senior Vice President and Estate Planning Specialist in Mesirow Wealth Management In this capacity Rebecca acts as a centralized specialized resource on estate planning for our Wealth Advisor teams as they deliver comprehensive financial planning to their clients Prior to joining Mesirow Rebecca was a Vice President at The Nautilus Group a membership-based service for…

At Mesirow we honor the contributions and influence of Asian American Pacific Islander (AAPI employees and the broad AAPI community this Heritage Month Every day Mesirow professionals from East Asian South/Southeast Asian and Pacific Islander backgrounds enhance our ability to serve clients enrich our culture and advance our focus on workplace inclusion We recognize that our relevance depends on…

Mesirow is celebrating National Hispanic Heritage Month over the coming month and we invite you to join us in recognizing the histories cultures and contributions of individuals whose ancestors came from Spain Mexico the Caribbean and Central and South America Mesirow remains dedicated to hearing diverse voices because we make better decisions when wide-ranging perspectives are included in the…

Mesirow now providing RIA services for WEX an industry leader in employee benefits and the nation’s fifth-largest HSA custodian, Continued growth for Mesirow Fiduciary Solutions reflects accelerating HSA marketplace , Employees leveraging multiple benefits of HSA pre-tax contributions  , CHICAGO December 5 2023, – Mesirow Fiduciary Solutions a division of Mesirow an independent employee-owned financial services firm today announced that it is now providing registered investment advisor (RIA services for WEX (NYSE WEX the global commerce platform that simplifies the business of running a business and the nation’s fifth-largest HSA custodian WEX technology powers approximately 75 million HSAs with…, Mike Annin, President of Mesirow Fiduciary Solutions, “We look forward to a long-term relationship” HSAs are becoming more accessible as more employers offer qualified HSA plans to their employees and employees are expanding their understanding of HSAs to not only cover medical expenses with pre-tax dollars in the near term but also to leverage as a long-term solution  to support their future financial goals HSAs have grown in popularity over the…, Adam Cohen Director of HSA Strategy and Investments WEX, “Although HSA investing is growing in popularity there are still so many who could benefit from participating in HSA investing and have not taken full advantage of it Mesirow and financial advisors across the country will be instrumental in educating Americans about the value of HSA investing” Strong utilization amongst younger investors supports a strong future of asset and account growth…, About Mesirow , Mesirow is an independent employee-owned financial services firm founded in 1937 Headquartered in Chicago with offices around the world we serve clients through a personal custom approach to reaching financial goals and acting as a force for social good With capabilities spanning Global Investment Management Capital Markets & Investment Banking and Advisory Services we invest in what matters…, About WEX, WEX (NYSE WEX is the global commerce platform that simplifies the business of running a business WEX has created a powerful ecosystem that offers seamlessly embedded personalized solutions for its customers around the world Through its rich data and specialized expertise in simplifying benefits reimagining mobility and paying and getting paid WEX aims to make it easy for companies to overcome…

Renee Schreiber is Head of Enterprise Risk Management Deputy General Counsel and Corporate Secretary of Mesirow  In this capacity Renee is responsible for overseeing the identification and management of risks to the firm and its businesses advising the company and Mesirow Board of Directors on general corporate matters and employment issues  Renee leads the Mesirow Response Team responsible for…

Key goals included workspace optimization implementation of state-of-the-art technology and enhancing collaboration with new functional areas for employees and clients, Firm’s presence in headquarters remains more than 100000 square feet, Project emphasized sustainability and positive community impact for area families schools and nonprofits, CHICAGO February 10 2025, – Mesirow an independent employee-owned financial services firm today announced the completion of a significant renovation project at its headquarters located at 353 N Clark Following a strategic decision to extend the firm’s lease for an additional ten years this work is part of a broader multi-year strategy to optimize the firm’s 20-plus offices globally and reaffirms Mesirow’s deep-rooted…, Natalie Brown, Mesirow CEO, “We look forward to gathering in spaces that will create a more sustainable future and support our intentional ‘best places to work’ culture”, Positive community impact, 99% of interiors and supplies donated to 15 Minority and Women-Owned (MWBE nonprofit businesses 350+ students supplied with needed items for fall classes and 30 new classrooms stocked  1000+ people in Chicago communities positively impacted, Deepened sustainability, More than 80% of furniture reused or repurposed 25 apartments furnished for Chicago area families in need  165000 pounds of paper recycled 75% less go forward energy consumption through LED lighting 150% increase in recycling through updated standards 90%+ reduction in annual waste as first corporate deskside composting partner with WasteNot Compost To learn more visit mesirowcom/responsibility , About Mesirow , Mesirow is an independent employee-owned financial services firm founded in 1937 Headquartered in Chicago with offices around the world we serve clients through a personal custom approach to reaching financial goals and acting as a force for social good With capabilities spanning Global Investment Management Capital Markets & Investment Banking and Advisory Services we invest in what matters…

When finding a place to call home the decision to rent or buy can impact your lifestyle and financial situation Both renting and buying offer distinct advantages and considerations and it is important that you carefully evaluate them before making a decision, For example while renting provides the flexibility to change locations easily and typically requires less upfront costs buying a home offers the potential for building equity and the freedom to personalize and invest in your property By understanding the differences that affect your lifestyle and your pocketbook youll be better equipped to make an informed choice that aligns with the life you…, The cost to get started, One of the first things to consider as you consider whether now is the time to rent or buy is how much of an initial investment of time and money you are prepared to put into your new residence There are significant differences in up-front costs and ongoing maintenance and improvement costs to consider, Renters, When you rent you should expect to pay an application fee and security deposit of 1-3 months in rent payments The security deposit is usually refunded back to you either at the beginning of the lease as a credit towards your first monthly payment or when the lease terminates assuming there are no damages to the rental property, Buyers, When you buy you should expect to pay an earnest money deposit (typically $1000-$2000 to ensure that you are a serious buyer this deposit is usually applied to your closing cost if you purchase the property In addition your mortgage provider will generally require a down payment of 20% of the home purchase price Exceptions can be made using special mortgage programs such as FHA or first-time…, Insights into your monthly payments, Both renters and homeowners share responsibility for monthly payments Whether renting or buying it is important to consider your financial situation and adhere to general guidelines that recommend spending 28% or less of your gross monthly income on housing expenses and a maximum of 36% of your gross income on all debts 1, Renters, As a renter you typically pay monthly rent to a landlord or property management company each month based on your negotiated lease for a specified period, Homeowners, As a homeowner your monthly payment is based on a predetermined amortization schedule that involves paying back your mortgage loan plus interest over time often 15-30 years Property taxes and homeowners insurance can also be included in this payment schedule if the mortgage company is responsible for paying the bills on your behalf Your interest rate can significantly impact the overall…, Taxes and insurance add up, When comparing renting and buying a home you must also consider property taxes and insurance costs, Renters, As a renter it is recommended that you purchase renters insurance to protect your home But since you do not own the property or building you dont have to worry about paying property taxes since the landlord takes care of that, Homeowners, When you buy a home you may receive some tax benefits like deducting property taxes and mortgage interest payments from your taxes Since these deductions may help reduce your tax bill we recommend you speak with your accountant about this as part of your buying decision, Building equity, One of the most significant advantages of buying a home is the opportunity to build equity Equity refers to the portion of the propertys value that you truly own As you make mortgage payments over time this will gradually reduce the loan amount and increase your equity stake in the property Additionally property values may appreciate over the years further contributing to equity growth This…, Maintaining a home, Another critical distinction between renting and buying a home lies in the responsibility for home maintenance, Renters, As a renter you may enjoy the advantage of not being directly responsible for the upkeep and repairs on the property When a maintenance issue arises such as a leaky faucet or a malfunctioning appliance it is typically the landlords or property management companys responsibility to address and resolve these issues at no cost to you, Homeowners, As a homeowner you are responsible for maintaining the property Annual home maintenance costs which can range from 1% to 4% of the homes value 2 are necessary to ensure the propertys upkeep preserve its value and address any repairs or upgrades that may be required This responsibility can be a significant consideration as it requires time effort and financial resources to maintain a home properly…, Factoring in flexibility and stability, Flexibility and stability are two important lifestyle factors that differentiate renting and buying a home, Renters, As a renter you may enjoy more flexibility in the ability to change locations relatively easily and less responsibility when it comes to the financial obligations of owning a home However this flexibility may come with accrued short-term costs — such as moving expenses — and the need to purchase new furniture to accommodate new properties, Homeowners, Homeownership tends to imply a longer-term commitment and therefore greater stability allowing you to establish roots and build a sense of community, How to decide whats best for you, The decision between renting and buying a home involves weighing various factors that impact personal finances lifestyle preferences and long-term goals Understanding the fundamental differences between the two options is essential for making an informed choice Renting offers flexibility minimal maintenance responsibilities and the absence of property taxes but lacks the potential for building…, Published January 2025, [1] https//wwwcnbccom/select/what-is-the-28-36-rule-for-buying-a-home/#~text=According%20to%20the%2028%2F36(including%20your%20mortgage%20payment [2] https//fortunecom/recommends/mortgages/renting-vs-buying-a-home/   [3] https//wwwusatodaycom/story/money/personalfinance/real-estate/2022/02/12/average-american-home-costs-3-k-per-year-to-maintain/49780837/