Get our email updates
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
What's New
Upcoming Events
CNYBJ Job Board
Insurance & Financial Services
NBT Bank creates chief diversity officer role
NORWICH, N.Y. — NBT Bank is taking the next steps in its diversity, equity, and inclusion efforts by creating and filling a full-time chief diversity officer position. “It’s pretty clear in the research over time that a diverse workforce and a diverse leadership team provide better results,” says John H. Watt, Jr., president and CEO […]
Ask Rusty: Must I Pay Income Tax on my SS Benefits?
Dear Rusty: I do not recall the rules on my income-tax obligation for Social Security (SS) benefits. Can you please explain these rules to me? Signed: Senior Taxpayer Dear Senior Taxpayer: I’ll be happy to review the rules about income tax on Social Security benefits for you. If your combined income from all sources is
AAA opens new Watertown Travel & Insurance Center
“Having a modern, up-to-date location is key to meeting the needs of our members,” Tony Spada, president and CEO of AAA Western and Central New
Wealth Management Special Report
Click Here to View the Wealth Management Special Report
Nationwide Life Insurance to pay $5.6M for annuity-related violations
The New York State Department of Financial Services (DFS) entered into a consent order with Nationwide for those regulation violations, Adrienne Harris, superintendent of financial services announced May 20. Under the order, Nationwide will pay about $3.4 million in restitution to New York State consumers, along with $2.24 million in penalties. Impacted consumers will also
Wealth manager says alternative investments can help diversify portfolios
UTICA, N.Y. — Typical investments in stocks, bonds, and money market funds still make up the foundation of most investment portfolios, but alternative investments can offer a variety of ways to diversify, says one Utica wealth-management professional. “There’s this whole other universe of ways to make money,” says David K. Griffith, owner of D.K. Griffith
Reed joins Key Private Bank in Syracuse
SYRACUSE, N.Y. — Heather Reed has recently joined Key Private Bank in Syracuse as an associate relationship manager. In this role, Reed is responsible for managing and building client relationships based upon knowledgeable advice that is aligned to the clients’ financial needs and advocating solutions that help clients reach their goals, KeyBank said in an
Strategic Financial lead advisor, Mattacola, earns CFP designation
UTICA, N.Y. — Strategic Financial Services, Inc., an independent wealth-management firm based in Utica, recently announced that Gregory Mattacola, has achieved his CFP designation from the Certified Financial Planner Board of Standards, Inc. This important industry credential is awarded to individuals who successfully complete the CFP Board’s educational curriculum and then a comprehensive exam. It
VIEWPOINT: The Death of the 60-40 Portfolio has been Exaggerated
The financial markets are off to a rough start in 2022. Through May 31, the S&P 500 equity index posted a -12.21 percent return while the Aggregate Bond Index returned -8.47 percent. So much for diversification. Simple math shows that the classic 60-40 asset-allocation portfolio’s return is a poor -10.74 percent. Many are using this negative
CEO FOCUS: Tech Garden Expansion Continues Investment in Innovation Ecosystem
Central New York’s innovation ecosystem is thriving. The region has built on its historic legacy of entrepreneurship, following more than a decade of investment and strategic programming, creating a place where innovators can turn their vision into viable companies. We see this progress in the fact that per-capita capital investments were a mere $27 in 2000-2010,
Get our email updates
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.