Pilatus Bank Reacts to Wells Fargo Shutting Down their Branches

(PRWEB) July 24, 2017

Seyed Ali Sadr Hasheminejad, Chairman of Pilatus Bank, explains why Wells Fargo Bank is closing down 450 branches in the US, whilst Pilatus Bank is leading the way in building the next generation of banking technology.

Sadr Hasheminejad reflects, “I clearly remember 10 years ago when Wells Fargo started its expansion into the East Coast. They were determined to set up branches on as many street corners as possible from Florida all the way up to New York. Today, they are trying to reverse what they have created for a decade. Unfortunately, branches can no longer serve clients as they have become nothing more than glorified branding centers.”

In the near future, customers will struggle to locate branches, and even if they find one, they are unlikely to receive a decent quality service, as they would be deferred to online banking with confusing drop-down menus. At a glance, it might appear as though the future of banking will be built around online platforms and call centers. Seyed Ali Sadr Hasheminejad argues: “In my opinion this is just another wrong solution, similar to how building street-corner branches was the wrong decision 10 years ago.” The Chairman of Pilatus Bank, does not believe that online banking is going to drive the future of banking . He strongly believes that the future belongs to private banking with its core values of having dedicated relationship managers. The technology is going to be a key enabler to turn this idea into a scalable business model.

Seyed Ali Sadr Hasheminejad says that Pilatus Bank refuses to focus on failing ideas such as online banking, robo-advisory, and call centers. He believes that the future belongs to private bankers, and customers who want to know and be known by their bank. Taking the human interaction out of banking would be a move in the wrong direction. He is convinced that Pilatus Bank is going to dominate the global private banking space in the near future as it expands its model into the mass-affluent market. Pilatus Bank is building the next generation of bankers. Unfortunately, larger banks such as Wells Fargo in the US and HSBC in the UK have been on the bottom of the innovative chain, and it’s time for them to learn from the lessons of the past and shift their focus to real interactions with customers. Pilatus Bank has become a leader in shaping a new era for the next generation of bankers and customers.

About Us: Pilatus Bank is a leading European regulated bank that specialises in providing private and commercial banking facilities to high net-worth and affluent individual as well as financial institutions. Pilatus Bank leverages cutting-edge technology while providing personalised service. We have made significant investments in information technology to facilitate more effective interaction between bankers and clients and to strengthen their relationships. Gone are the days of multiple emails, phone calls, print jobs and faxes to communicate with clients.

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Pathfinder Partners Renovates Phoenix Condos

Phoenix, Ariz. (PRWEB) July 24, 2017

San Diego-based Pathfinder Partners, LLC has completed renovations on public areas as well as four models in Aderra Condominiums – an upscale, 312-unit, gated community at 11640 North Tatum Boulevard in Phoenix. The San Diego-based private equity firm acquired 90 units within Aderra in 2016 for $15 million.

According to Lorne Polger, senior managing director of Pathfinder Partners, the community is ideally located at the gateway to the exclusive Paradise Valley neighborhood. Adding to its appeal, he said, is that “Phoenix is one of the country’s top housing markets and continues to show robust population growth and the top job growth in the country, which creates strong demand for homes of this caliber.”

Sales have been brisk – Pathfinder has sold 19 homes in the past 15 months. Four luxurious designer models done in a muted transitional design are now complete and ready for viewing.

Upgrades include new flooring – designer carpet, wood look plank tile or engineered wood flooring in living areas; updated kitchen counter tops; subway tile backsplash; new lighting and appliances and new interior two-tone custom paint. Renovated bathrooms include new tile flooring and tile tub and shower surrounds with shower and tub accents, solid granite or quartz countertops, sinks, fixtures, lighting and framed mirrors. In addition, the community clubhouse, kitchen and sales office have been completely redone.

Aderra, built in 2007, is situated on eight acres across from the Paradise Valley Mall overlooking Stone Creek Golf Course. Aderra is comprised of 15 three-story buildings with one- and two-bedrooms condos ranging from 811 to 1,284 square feet. Onsite amenities include underground parking, an oversized pool and spa with BBQ areas, a private resident clubhouse and a fully-equipped fitness center. The community is pet friendly, within walking distance to numerous dining and shopping options and has direct golf course access.

The models are open Monday through Friday 10 a.m. to 6 p.m. and on Saturday and Sunday from 12 to 5 p.m. More information can be found at http://liveaderra.com.

About Pathfinder Partners, LLC

Headquartered in San Diego, Pathfinder Partners was founded by Lorne Polger and Mitch Siegler in 2006 to make opportunistic investments in distressed real estate assets and value-add properties. Pathfinder has acquired or sold $1 billion of properties since inception. In addition to seeking opportunities to add value by providing liquidity to selling financial institutions, liquidating funds and fatigued owners, Pathfinder also seeks to maximize value through property enhancements, improvements in operations and marketing, property repositioning and other strategies. For more information on the firm or Pathfinder Partners 2017 Multifamily Opportunity Fund, visit http://www.pathfinderfunds.com or contact Lorne Polger at lpolger(at)pathfinderfunds(dot)com or 858-875-4450 or Mitch Siegler at msiegler(at)pathfinderfunds(dot)com or 858-875-4455.

Read the full story at http://www.prweb.com/releases/2017/07/prweb14528624.htm

Leading Tax Group’s James Alderete Educates Taxpayers on IRS Audits

Encino, CA (PRWEB) July 24, 2017

According to the IRS, an IRS audit is a review/examination of an organization’s or individual’s accounts and financial information to ensure information is reported correctly according to the tax laws and to verify the reported amount of tax is correct.

James Alderete, manager of Leading Tax Group, a tax resolution firm that specializes in removing IRS tax levies and penalties, shares the top six misconceptions about an IRS audit, including the biggest mistakes taxpayers make when receiving a notice of IRS audit (1-3) and things that people may not know when going through an IRS audit (4-6).

No. 1: Hire the same person that prepared the tax return to represent them in the audit. “Chances are that the person who prepared your tax return is the reason your tax return was selected for audit,” noted Alderete.

No. 2: Represent themselves in the audit. The IRS is trained to ask specific questions that will get the taxpayer to talk.

No. 3: Call the IRS first before hiring tax attorneys. “Many times you will give the IRS information that will make your situation worse,” added Alderete. “Tax attorneys know exactly what to say and what not to say to help.”

No. 4: The IRS can disallow legitimate business expenses. During an audit, it is the taxpayer’s responsibility to provide proof (receipts) for all expenses and deductions. “You are simply outmatched if you don’t know IRS procedure in an IRS audit,” stressed Alderete.

No. 5: The IRS can assess taxes, penalties and interest on any and all discrepancies. When the IRS finds mistakes, not only will they add the taxes owed but they will also add penalties and interest.

No. 6: The IRS can seize assets, levy bank accounts and garnish income to

collect any monies owed. “The IRS has the power,” concluded Alderete. “Don’t procrastinate, fix your tax problem before its gets out of hand.”

About Leading Tax Group

Leading Tax Group, which has ten office locations in Southern California, is a premier business dedicated to offering the finest services in relation to IRS tax problems. It also offers guidance to clients looking for help directly from IRS Tax Lien Lawyers in regards to IRS representation.Services include protection, bank levy release, tax lien removal, payroll and sales tax settlement, past due tax returns, tax settlement, wage garnishment removal, audit representation and more. For more information, call (800) 900-4250, or visit http://www.leadingtaxgroup.com.

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