Nini Jewels Partners With Saks Fifth Avenue To Debut Fall Collection
By Eleanora Morrison
Ethelyn Berino, Cliff Bueche and Nini Hale
THE SETTING: In preparation for the 25th Anniversary of the Nini Jewels partnership with Saks Fifth Avenue, Saks San Antonio hosted an exclusive in-store luncheon in Nini Hale’s honor to showcase her new fall collection. Invited to the event was an intimate gathering of clients and Saks Fifth Avenue general management. Heidi Parkhurst, Vice President General Manager and Susan Rice of the Saks jewelry department welcomed their guests in attendance.
Madeline Slay, Denise McCrea and Charmaine Gomez
Luncheon Ambiance, Saks Fifth Avenue San Antonio
Heidi Parkhurst and Susan Rice
THE BRAND: Jewelry designer Nini Hale comes from an artistic Thai family whose clients have included celebrities, art collectors and sophisticated jewelry buyers from around the globe. Every Nini creation is brilliantly and vibrantly colorful and engineered with innovation for lasting value and generations of enjoyment. Nini Jewels spans generations, starting from Nini’s grandmother, who perfected the art of the “birdcage” bracelets. Driven by her vivid imagination since childhood, Nini Hale created Nini Jewels as an outlet for creative expression. Founded in the 1900s, Nini Jewels expanded into the United States in 1992.
Experience The Passion, Live On Stage Oct. 22nd-Nov. 7
Photos by Lynn Lane, courtesy of Houston Grand Opera
A tragedy of obsessive love, Bizet’s Carmen from 1875 is considered the most popular opera in the world today. It is impossible not to smile with recognition when the well-known first notes of the prelude ring out from the orchestra. Mezzo-soprano and HGO Studio alumna Carolyn Sproule takes on the role of the famous bohemian whose beauty, confidence, and provocative lifestyle captivate the soldier Don José, sung by incredible tenor Richard Trey Smagur, although his jealousy will ultimately destroy them both. Bass-baritone Christian Pursell in his HGO debut as the bullfighter Escamillo and Houston favorite and HGO Studio alumna soprano Heidi Stober as Micaela are ensnared by the passion of the two lead characters. Expect striking costumes and gorgeous dancing in director/choreographer Rob Ashford’s acclaimed production, conducted by Lidiya Yankovskaya in her HGO debut.
Visit the Houston Grand Opera website HERE to book your tickets today.
Broadway Bank Wealth Management focuses on selecting the right investment strategy for your needs
By Kelly Corbiere, CFA, CMT, CFP® and the Portfolio Managers at Broadway Bank Wealth Management
Bitcoin, the original cryptocurrency invented in 2008, has been attracting headlines as an extremely popular and widely followed investment opportunity. Bitcoin is also a technology and could be an inflation hedge, a tool to guard against political risks, a vehicle to democratize monetary policy, an anonymous method of transacting for scrupulous and unscrupulous players alike, or an investment. In short, the reasons someone may want to hold Bitcoin are abundant.
A common question we get is whether Bitcoin is a good investment. As with any investment, the answer depends on what it is worth relative to its price. Investments are traditionally valued based on the cash flows they generate. If the value justified by cash flows is more than the current price, it signals that investors should buy. The issue with Bitcoin is that it does not have cash flows as a business does, making it impossible to value using traditional models. Without a value that is anchored in economics, the price of Bitcoin moves in response to investor behavior which is motivated by factors that are difficult to predict or quantify making it a speculative investment. In this context, “speculative” means the basis for the investment decision is based more on assumptions than on hard data, well-established relationships among quantifiable factors and prior experience in similar scenarios.
The long-term price trend for Bitcoin has been generally positive. However, its volatility has been 15 times higher than that of the US dollar in foreign exchange markets, which are considered volatile in their own right. Bitcoin has experienced seven drawdowns of 70% or more in the last decade compared to just one drop of that magnitude for the S&P 500 over almost a century. Bitcoin has experienced four bear markets, defined as price drops of 20% or more, so far this year. It lost 14% during a single hour of trading during April 2021. One Wall Street firm calculates that if you missed the 10 best days for Bitcoin between 2013 and 2019, the return on your investment would be an average annual loss of 44%.
Bitcoin is no longer unique and the number of risks to its dominant position are growing. Thousands of similar crypto assets exist because barriers to entry are minimal. Although Bitcoin remains the largest cryptocurrency based on market capitalization, its market share has fluctuated wildly since its launch. Some of Bitcoin’s competitors have arguably superior technology. Central banks are also entering the game with the launch of their own digital currencies that may serve as formidable substitutes for Bitcoin over time. Moreover, tightening regulation, taxation and counterparty risks (as evidenced by theft directly from exchanges) offset some of the benefits of owning cryptocurrencies.
Bitcoin is certainly a disruptor and has gained legitimacy as its uses have broadened. Whether Bitcoin will continue its reign as the most widely used cryptocurrency over the long-term is less than certain. Neither the risks nor potential returns are easily quantifiable. A speculative position in Bitcoin could result in either large gains or losses for short-term and long-term investors alike. This exemplifies the caution frequently given to investors that past performance is no guarantee of future returns. While we are bullish on the blockchain technology behind Bitcoin, we prefer to obtain exposure to its application to cryptocurrency indirectly via companies that are beginning to use, accept or trade cryptocurrencies such as PayPal, JPMorgan and Bank of New York Mellon, to name a few. The crypto market is still in its infancy. We submit that investors seeking to protect their wealth carefully research investments in companies profiting from increased use of cryptocurrencies, because for now that is the more prudent way to gain exposure rather than holding substantial positions in the cryptocurrency itself.
For 80 years, Broadway Bank has been an integral part of South Central Texas, evolving into one of the largest independently owned banks in Texas with more than $4.6 billion in assets and nearly $3.0 billion in Wealth Management assets. Broadway Bank offers a full range of financial services including personal, private, business, mortgage banking and wealth management. Broadway Bank is committed to enhancing the banking experience through leading edge technology. With financial centers across San Antonio, Austin and the Hill Country, Broadway Bank delivers modern banking, locally sourced and personally delivered.
ABOUT THE AUTHORS:
Kelly Corbiere has more than 20 years of experience in investment management. Prior to joining Broadway Bank as a Senior Vice President, Portfolio Manager. She worked as a global equity analyst and prior to that she was an investment manager in a wealth management group for a major U.S. bank. She spent the early part of her career in fixed income. Kelly has earned the Chartered Financial Analyst (CFA) and the Chartered Market Technician (CMT) designations and is a CERTIFIED FINANCIAL PLANNER™ professional.
Broadway Bank Wealth Management’s Portfolio Management team is led by Jeff Nelson, EVP and Chief Investment Officer. Jeff has over 14 years of professional investment management experience, including five years in private practice providing investment management and financial services to clients. He retired from the United States Air Force after 20 years of service at the rank of Lieutenant Colonel. Jeff has earned the Chartered Financial Analyst (CFA ) designation and is a CERTIFIED FINANCIAL PLANNER™ professional.
The Bank of San Antonio Hosts Private Aircraft Viewing Event With Merlin1
By Eleanora Morrison | Photography by Vincent Gonzalez
THE SETTING: The Bank of San Antonio recently hosted an event with Merlin1, one of San Antonio’s premier private jet charter companies, to introduce private banking clients to alternative transportation options that exist for both business and personal travel. Now a member of Texas Partners Bank, The Bank of San Antonio offers private banking clients access to VIP event series that connect them to resources to support lifestyle goals.
THE STYLE: Texas Partners Bank CEO Brent Given and Merlin1 Founder Jim Foody both addressed their guests, celebrating the joyous occasion of convening in person for the first time since the pandemic, thanks to vaccines and the socially distanced setting of a partially open-air hangar. Guests viewed Citation III and Learjet 35 jet models and reunited to the sounds of Nina and the Texas Gypsies as they sampled bites and sipped beverages catered by Page Barteau.
THE PURPOSE:After an expansive 2020 merger, The Bank of San Antonio is now a member of Texas Partners Bank, and part of a greater network of Central Texas banks that includes The Bank of Austin and Texas Hill Country Bank. This recent growth has increased the bank’s commercial lending capacity to enable the fastest financing for big plans and has provided the integrated resources for business growth. Eager to help Central Texas businesses continue to grow and thrive, Texas Partners Bank is now a one-stop-shop to customize comprehensive financial and insurance solutions for Central Texas businesses.
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Their Luxury Property Specialists — many of whom rank among the top luxury real estate agents in the world — have a track record of representing some of the most significant properties of all time. Learn more at CBHarperLuxury.com. Your luxury is their legacy.