Recent government spending and loose monetary policy have raised near-term inflation concerns for investors and asset manager. While inflation has not been a meaningful factor since the 1980s, rising inflation expectations could result in negative impacts to investors as a result of diminishing real returns.
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Finding a way to facilitate trust, communication, and proper preparation and development of the necessary skill sets of the next generation can be difficult and will vary from family to family. Today, many families are finding answers to these questions through a private family foundation. If you’re thinking about staring a family foundation, here are considerations to help guide the setup, as well as potential benefits for your family and the long-term preservation of your family’s wealth.
In this episode, Amy Hart Clyne and Jay Hughes look past the legal trappings that come with beneficiaries and trustees to unpack the human side to these roles and discuss why so many young people see their trusts as a burden. Amy also reveals key insights from her ongoing conversations with young female family leaders.
The old proverb “shirtsleeves to shirtsleeves in three generations” illustrating the challenge facing multigenerational families is well-known. It’s been used throughout history, and cultures around the world have similar phrases describing how wealthy families struggle to endure. In this segment, Amy Hart Clyne and Jay Hughes discuss what gives this phrase its staying power, and Jay brings the concept to life with an example we can all recognize from our own families.
What makes a family? We’ve all experienced close bonds with people who don’t necessarily share our DNA. Amy Hart Clyne and Jay Hughes unpack family dynamics through the lens of “affinity” and why that concept is vital to avoiding the “shirtsleeves to shirtsleeves in three generations” proverb.
The word “wealth” has a complex and illuminating etymology. Amy Hart Clyne and Jay Hughes break down the definition of wealth, and Jay reveals key insights around his work defining the five capitals of wealth. He details why financial capital may in fact be the least important to long-term family success.
Determining a tax-exempt strategy in a changing municipal landscape requires careful planning for investors to reduce risk and overcome other challenges such as limited access to bonds and volatile interest rates. Learn the reasons behind why it’s important for investors to examine their tax-exempt allocations and see how a professionally managed laddered approach to municipal bonds provides structure that can reduce risk and combat rising interest rates.
Water damage is consistently among the most common and severe causes of loss to homes. It is amazing to see the damage that water can do. Water carved the Grand Canyon—just think what it does to drywall or plaster. By being proactive and arming yourself with knowledge, you can prevent or mitigate the damage.
With women’s wealth on the upswing and their influence on charitable giving at peak levels, Kris Yamano shares her insights on how they are transforming philanthropic giving and shaping the future of family philanthropy too.
When selecting an insurance advisor, make sure the person is part of the best-in-class group. Use this checklist to help pick the right one for you and your family.