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Investors have seemingly been concerned about Brexit since day one, and equity performance may have suffered because of it. This brings to light an important consideration for passive investors: the exact contents of their chosen benchmarks, which can make for a poor investment portfolio in many asset classes due to high levels of concentration.

Estate planning can encompass more than addressing your potential tax exposure. It frequently requires protection of a “fragile beneficiary,” who can include family members with disabilities, individuals struggling with addiction, spendthrifts, and even minors. With planning options available through various trusts, there are ways in which to motivate and protect your loved ones.

Minority owners of a business face unique challenges. With limited or no control over the management and governance of a business, minority owners can be unfairly left in the cold or squeezed out. However, deliberate preparation and negotiation at the initial stages of the business can set up minority owners with the necessary tools and formation agreement to eliminate or reduce many of these difficulties and even avoid future conflict.

Unlike businesses with a single controlling owner or several owners, a 50/50 business by its very nature is ripe for disagreement between its owners. Owners of a 50/50 business will need to proactively consider how to handle disagreements when setting up their business venture and drafting their operating agreement, shareholders agreement, or partnership agreement. In a 50/50 arrangement, there are ways owners can negotiate and draft the company’s governing documents to anticipate four common areas of disagreement.

There’s a fading but lingering misconception that socially responsible investing (SRI) means sacrificing returns against a benchmark. The source of concern—and misconception—can often be traced to confusion around the tracking error. By understanding what’s behind a portfolio’s deviation from the performance of its benchmark, investors will see how to make it work in a responsible portfolio.

Your employee benefits plan is likely one of your organization's largest expenses and one of your most important for attracting and retaining employees. To help you prepare for open enrollment season, this checklist will assist with your compliance obligations.

Technological innovations in bond trading rarely grab headlines, but advancements have substantially changed how business is conducted in the fixed income markets. When used as part of a comprehensive portfolio construction process, electronic trading helps improve efficiency, enhancing performance while reducing account minimums and expanding customization options. However, there’s still a major role for fixed income professionals in unlocking additional value for bond investors.

The pool of potential investors for private offerings has widened under the Securities and Exchange Commission’s new definition of “accredited investor” in Rule 215 and Rule 501(a). Accredited investors—considered to be sufficiently sophisticated and risk tolerant—are permitted to participate in certain private offerings under Regulation D that are not subject to the same investor protections as public offerings.

The combined effect of Biden’s tax proposals could alter behavior of the tax-aware investor. In examining the major tax provisions proposed under a Biden administration, the impact on equity tax management is clear. However, a divided or Republican-controlled Senate will make for a less orderly path from proposal to law.

Year-end tax planning is always challenging, but the coronavirus pandemic has added a whole new layer of complexity to the equation for individuals, families, and businesses across the nation. The potential tax ramifications are significant. There are a number of tax developments to consider for the current tax year.