Craig Price is a Managing Director and Wealth Advisor in Mesirow Wealth Management He works with individuals families organizations and business owners to help them create comprehensive financial planning strategies designed to accumulate grow protect and distribute their wealth Based in Stuart Florida Craig’s expertise spans retirement planning estate planning wealth transfer strategies and…

In 2013 former Congresswoman Gabrielle Giffords founded, Giffords, an organization that works in partnership with a bipartisan spectrum of Americans who seek to promote gun safety while supporting second amendment rights As part of our commitment to invest in what matters – our clients communities and culture – Mesirow in 2020 became a founding corporate, Impact Partner, of Giffords Our participation in this program connects to our broader community engagement work where we focus on building strong neighborhoods and lasting equity through education financial literacy family services and racial justice Like Giffords we believe that everyone should be able to live work and play in their community without the threat of gun violence However as we continue to see gun…

January 23 2024 | By, Mesirow Currency Management,  , Distributed ledger technology Will your medical records and driver’s license be tokens soon , Reports of fraud theft mismanagement and incompetence continue to roil the cryptocurrency industry That high-profile turbulence may be obscuring interest in digital ledger technology the rules and infrastructure needed to create and trade digital assets including cryptocurrencies  A beneficiary of this infrastructure interest are tokens digital representations of assets Some industry observers…, Potential of tokenization, Some market observers are wildly enthusiastic about the tokenization potential Citi predicts that tokenization will reach $4 trillion in value by 2030 powered by over 2 billion people world-wide using $5 trillion in central bank digital currencies A CBDC is a digital representation of a currency issued by a nation’s central bank  There will however be problems reaching this tokenization…, Some CBDC terms , Tokens represent ownership or value in something often a unique creative work or a financial security like a bond or stock But information such as a person’s medical record or government ID can be tokenized And tokens can be divisible an asset can have many owners much like shareholders in a company  Tokens can be interchangeable the same as dollar bills one dollar can be swapped with any other…, Token examples , Without getting too technical some common tokens are cryptocurrencies like bitcoin and stablecoins like USD Coin but tokens can also represent ownership of creative works An Andy Warhol Marilyn print can be priced upwards of $200 million out of reach for most Warhol admirers Thats where an entity like Freeport a company that provides fractional ownership of art pieces by selling reasonably…, Benefits of tokenization , Tokenization can improve liquidity by increasing the number of buyers and sellers thereby reducing price volatility  An expanded marketplace means that a broader portion of the population can participate in ownership of wealth Few people can buy a physical Warhol but many people have the resources to buy a small digital fraction of the artist’s work  Distributed ledgers are transparent and secure…, Problems with tokens , There are dozens of token and non-fungible token marketplaces However it is often difficult or impossible to trade tokens unless they’re on a specific distributed ledger That’s because some token creators want to influence the price of tokens that they issue  Trading on a secondary distributed ledger outside of the issuer’s control makes that difficult and interoperability communications between…, Explore more currency insights, The future for hedged share class investors Futures overlays, Grappling with the coming (T+1 security settlement cycle Read article, Central Bank Digital Currencies, What do CBDCs mean for the US dollar as the world’s major reserve currency Read article

Crystal General is a Managing Director and Principal in Mesirow Institutional Sales and Trading Her primary responsibility as principal is to supervise and manage the trading activities of Agency and Securitized products  Prior to joining Mesirow in 2011 Crystal held positions at Wells Fargo’s Corporate Investment Banking division Morgan Stanley and Bank of America Securities’ Correspondent…