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Investors can diversify their portfolios through equity allocations to markets outside their home market. Despite this opportunity, investors on average have maintained allocations to their home country that have been significantly larger than the country's market-capitalization weight in a globally diversified equity index. This paper explores the potential benefits, and the factors to assess in determining portfolio allocations.

On August 9, 2019, the Nebraska Department of Banking and Finance issued the Interpretive Opinion No. 19 that excludes M&A Brokers from the Nebraska Securities Act’s definition of broker-dealer. It is a development that modernizes and streamlines Nebraska’s securities rules and regulations.

One of the biggest hurdles for family businesses is the need to develop an attractive long-term incentive plan that recognizes enterprise value over time and is competitive with plans offered by public and private equity owned businesses. As a result, many firms are turning toward phantom stock—a long-term incentive vehicle that provides equity-like awards, without using actual shares.

Each family office has its own unique makeup, circumstances, and risk considerations when it comes to making insurance decisions. Yet there are typical characteristics that surface when looking at the data points of more than 1,000 households. With a high-level snapshot of that data, there are insights you can use when contemplating your overall insurance needs.

There are many improvements that can be made to a home to help prevent costly and dangerous losses in the future. Many of the recommendations included in this guide cost a sliver of what they will protect, and for those implemented during construction, it often requires a much smaller investment than it would to retrofit a home later.

Oil prices jumped 18% at the opening of trading Sunday night after a missile attack on the world's largest crude oil processing plant in Saudi Arabia, but fell back to a gain of about 9% on Monday morning as traders attempted to handicap the impact on future production. Saudi Arabia has a stated goal of restoring one-third of lost production by the end of Monday, but the timeline to restore the remaining portion of the facility is uncertain. Estimates are in the range of several weeks to months.

When taxes don’t matter, and that is rarely the case for most investors, pre-tax returns are sufficient in determining whether the investment did well or poorly relative to a benchmark. But for taxable accounts, pre-tax returns provide an incomplete picture, and relying on them can lead to poor investment decisions. In such cases, using after-tax returns, after-tax benchmark returns, and Tax Alpha in your decision process is more relevant, and could help you to increase your wealth on an after-tax basis.

Succession is not just about money or property. It means confronting family relationships and taking the time to make sure that the drivers for succession planning connect personal motivations, the purpose of wealth, and specific family issues. It requires an emotional commitment to a process that once started must run its course, including having conversations about fairness, equity, choices about who is in “the family,” and their capabilities for current and future roles.

As a business owner, you wouldn’t operate without a clear vision and strategic plan. And you wouldn’t embark on a new initiative without first reviewing your cash flow and income statement to know how realistic your plans are. For ultra-high net worth families, looking at family wealth through a similar lens, and treating your wealth as a business can help you achieve your wealth goals and objectives.

Roughly 15% of ultra-high net worth individuals worldwide rely on private aircraft for most personal and business flights. When weighing your options on aircraft ownership, there are pros and cons that should be considered. It's also important to know the key players to help you navigate the selection, purchase, management, financing, and disposition of an aircraft.