When you hear the phrase “estate planning,” the first thought that comes to mind may be taxes. But estate planning is about more than just reducing taxes.
Impact investments can be made in all corners of the world, in frontier and emerging markets, developed economies and our local neighborhoods. When successfully implemented, impact investing can potentially produce a sustainable pool of capital that can work for generations, as well as help align financial capital with your passions, beliefs and objectives.
The United States is home to tens of thousands of family foundations that have and continue to make positive contributions to society. It’s also not uncommon for the foundations’ boards of directors to play a leading role. Reflecting on the philanthropic journey and the family engagement and ties at the heart of it, here are seven profiles that present the philanthropic practices and structures of multigenerational family foundations that created lasting legacies of impact.
The term “Outsourced Chief Investment Officer” (OCIO) has gained popularity in the investment industry as investment consultants, banks and small wealth management firms are now offering OCIO services to foundations, endowments and nonprofits. You may be considering this model instead of the self-managed or consultant model used in the past. To help your organization evaluate potential OCIO providers, we recommend taking the “T” test.
The release of tax reform legislation by Finance Committee Chairman Hatch marks the next significant step in the legislative effort to overhaul the US tax system. There are political hurdles to overcome for Congress to enact sustainable reform of US tax law providing a more competitive tax system for business taxpayers and improved economic opportunities for individuals and families.
The tax changes proposed by the “Unified Framework” for Tax Reform released on September 27, 2017 by the Trump Administration and Republican Congressional Leadership potentially affect the choice of entity in family business and investment structures. Under the current tax regime, passthrough entities (for example, LLCs or LPs taxed as partnerships), rather than “C” corporations, tend to be the preferred entity for families, especially for ownership of investment assets.
Monotonectally mesh world-class testing procedures through B2B schemas. Collaboratively customize state of the art mindshare vis-a-vis quality applications. Professionally promote collaborative e-business via multimedia based services. Seamlessly cultivate world-class total linkage whereas multidisciplinary action items. Completely initiate synergistic strategic theme areas whereas excellent vortals.
Global investors need to cast their net broadly to capture attractive investment opportunities. For decades, western analysts have believed that the economic potential and perceived advantages of India—such as a free market economy, democratically elected government and western-style legal system—would allow it to become a dominant global economic and political power. This potential has yet to be realized, causing many investors to avoid India.
Resiliency seems to be the most appropriate word to describe financial markets over the past years, and that held true during the last quarter. Global stock markets continued their trek upward, reaching fresh all-time highs almost daily during the third quarter; the MSCI ACWI Index gained 5.31 percent as the coordinated global recovery strengthened and geopolitical risks were shrugged off by investors. Although most major markets experienced fairly strong positive returns, U.S. equities continued to lag behind international markets mainly due to the political environment domestically.
Middle market direct lending is a large and growing component of the private debt market. The increasing importance of private capital to finance small to medium-sized businesses, coupled with investors’ interest in the asset class contribute to dynamics that set the stage for continued growth. One reason for investing in middle market direct loans is that they have the potential to provide investors with attractive risk adjusted returns, low volatility, and a hedge against rising interest rates.