Bill Murray (not that one) was at the top of his game, so to speak, until an epic fall from grace. In December 2009, the 54-year-old tax accountant was charged with defrauding more than 50 clients of his Sacramento firm, Murray & Young Accountancy, out of more than $13.3 million. He subsequently pleaded guilty and was sentenced to 19.5 years in federal prison. The saga played out like a reality TV crime drama, from beginning to end.
You’ll make a handful of major decisions in life. One of those is selecting the professional who will manage your savings and handle your investments. This choice will impact everything in your life, including sending your child to college, buying a house and living comfortably in retirement. Here are seven criteria for vetting a financial or investment professional:
Effective leaders don’t come from one mold. The women featured below have excelled in nontraditional industries due to their talent, vision, perseverance and the (sometimes unlikely) mentors who guided their trajectory. They shared their stories with us — where they started, their rise to leadership and their thoughts on mentoring the next generation of powerful women.
The Sacramento Kings have launched a three-point shot in becoming the first NBA basketball team to accept the digital currency bitcoin.
Ann Thompson, a regional sales executive for Bank of America, knows that the surest route into the hearts and minds of millennials is through their hands — not hand-holding, but talking to them through technology. “They want to be self-served and want things convenient,” Thompson says. “So, we have to reach them through that thing they hold in their hands, a smartphone.”
We sat down recently with Erica Taylor, Golden 1 Vice President of Communications & Community Relations and last year’s Young Professional of the Year, to talk about the credit union’s efforts to attract and retain younger employees and customers.
Much has been made of late about millennials leaving the big banks in favor of smaller community banks or credit unions. According to the Accenture 2015 North American Consumer Digital Banking Survey, community banks saw a 5-percent uptick in millennial customers in 2014. Credit unions saw a 3-percent increase. The big guys, meanwhile, lost a whopping 16 percent of their millennial account holders.
When it comes to gift-giving, you can’t go wrong with a gift card, right? Well, not exactly. Research shows that more than $1 billion in gift cards go unredeemed. Based in West Sacramento, GiftCardBin has been banking on that stat since 2008, buying and selling gift cards that might otherwise go to waste. (Like the $25 Starbucks card you probably have in your wallet right now.)
Think about it like a dating site, except members are looking for loans instead of love. The matchmaker is Magilla Loans, a free, anonymous search engine that helps small business owners to find loans directly from reputable banks across the country.
There is an old jest that says the fastest way for a business to run off its customers is to adhere to the motto, “In God we trust; all others must pay cash.” But for Kimberly Cargile, director of the East Sacramento medical marijuana dispensary, A Therapeutic Alternative, cash and carry is her only option. And it really is no laughing matter.