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Cryptomania is fast becoming a dangerous, money-losing proposition for investors, according to a recent bulletin from the Consumer Financial Protection Bureau (CFPB). The CFPB announcement dovetails with a flurry of reports last week about the collapse of cryptocurrency exchange FTX, leaving possibly more than 1 million creditors at risk of losing tens of billions of [...]

The Mission portfolio team is not fond of cryptocurrency for many reasons. Basically, the cryptocurrency world is full of fraud—from the false allure and promise of Ponzi schemes, to poor security for crypto “wallets,” to “rug-pulls.” The latter (derived from the expression “pull the rug out from under you”) has become a popular scam in [...]

Notre Dame, IN – February 16, 2022 – Member-owned Notre Dame Federal Credit Union (Notre Dame FCU) announced today that it has completed the purchase of Mission Management & Trust Co. (Mission), located in Tucson, Arizona. Established in 1994, Mission is an Arizona-chartered, independent trust company, specializing in trust and estate services, asset management and [...]

Since the start of the Coronavirus Pandemic, many of my conversations have included people inquiring about how my mother is doing through all this.  We all worry about those who are most vulnerable.  And yet, stories from around the world have told about the amazing recovery from the virus even of centenarians. I have noticed, [...]

You might consider the title of this post a provocative statement, but we have been concerned for many years about the situation unfolding and described in a recent ProPublica article. Mission Chief Investment Officer Tom Feeney has frequently written about the burden that today’s debt loads will create for our children and grandchildren. Tom also [...]

I have drawn the great moral lesson, perhaps the only one of any practical value, to avoid those situations of life which bring our duties into conflict with our interests, and which show us our own advantage in the misfortune of others; for it is certain that, in such situations, however sincere our love of [...]

Customers may wonder how their assets held in trust departments are safeguarded. Here is a brief explanation of how extensive regulation, examination, and sound practices protect a trust company customer’s interests. Who supervises Mission Management & Trust Co.? Trust companies often act as both custodian and investment manager of client assets. Institutions that offer these [...]

I'll Be Me (2014) is the touching documentary about legendary singer/songwriter Glen Campbell and his experience with the onset of Alzheimer’s disease. One of the great positive messages in Glen Campbell’s story is how his family and friends helped him get out ahead of his Alzheimer’s diagnosis. Doing so made everyone’s experience with the situation [...]