Traditional wills involve what you want your loved ones to have. Ethical wills involve what you want your loved ones to know. This short article discusses how the ancient practice of crafting an ethical will is an essential piece of today’s multigenerational wealth planning.
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Headlines about the financial stress on municipalities — combined with high profile downgrades, defaults and even bankruptcies — have led many to believe that high yield issuers must be in financial distress. The author, Nuveen Asset Management, believes that is generally not the case and explains why in this paper.Nuveen believes that thorough fundamental research can help an investor understand risks and identify opportunities and capitalize upon the inefficiencies in this misunderstood asset class.
For families contemplating substantial charitable contributions, private foundations provide a structure to create a legacy of family charitable giving and remain a popular vehicle for charitably inclined families.
Now in its sixth year, the current bull market is oft considered due for correction, with investors wondering how much further the rally can go. For this reason, it is useful to test the claimed causes associated with lapsing bull markets. Conventional wisdom suggests bull markets end due to: age, recessions, monetary tightening, extreme valuations, and exogenous shocks.
Four investment “styles” – Value, Momentum, Carry, and Defensive – have emerged as compelling sources of alternative returns, backed by economic theory and decades of data across geographies and asset groups. When applied as long-short strategies, these styles have delivered positive long-term returns across multiple asset groups and markets, with low correlations to other investments.
Following an unusually frigid winter, the weather has borne the brunt of blame for weakened economic statistics. While anecdotal evidence is overwhelming, identifying and quantifying the effects of the weather on economic data is difficult. In this white paper, Glenmede argues that the slowing economic growth of recent months reflects fundamental conditions rather than one-off weather effects, and they are watching for signs that portfolio risk levels should be lowered.
This edition of Altair Insight, a quarterly market review from Altair Advisers, explores the following key topics:
In the second quarter 2014 issue of Rockefeller & Co.’s Global Foresight, entitled “Mapping Out the Future,” David P. Harris, CFA, Chief Investment Officer, and Jimmy C. Chang, CFA, Chief Equity Strategist, take a closer look at potential opportunities within the generally-struggling emerging markets and contrast them to the developed markets.
As the family office sector evolves fund structures are becoming increasingly relevant and beneficial to manage the assets within the family. Many of the usual considerations for fund managers are equally valid for family offices.This article describes the several potential fund structures that:Provide a recognised and well established legal framework.Permit a family office to have greater control over the assets.Allow the family office to evolve into a multi-family office or boutique wealth manager.
This comprehensive guide from Ernst & Young discusses setting up a family office and industry best practices, including:ServicesCostsRecruiting and retaining talentInvestment processTechnology