One of the key benefits of having a financial plan is how it can inform decisions regarding spending patterns and investment strategy. There are two questions that often come up during the process of developing a financial plan: How much risk should I take in my portfolio, assuming different spending levels and if I seem to have enough to cover routine expenses, how much splurge spending is possible in periods of excess returns? Ultimately, the answers to these questions depend on many personal perspectives. However, simulation analyses can provide directional insights and conclusions.
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Home networks, social media and mobile devices have enriched our lives in many ways, but they have also multiplied the opportunities for security breaches. Families, especially those of substantial means, need to carefully evaluate the precautionary measures and protocols that protect their cyber environments.
SmartLife Funding dynamically manages life insurance by aligning the funding strategy with the insureds health profile to target the optimum period of coverage.
Volatile financial markets can create potential problems for investors and their advisors. While many expenses are generally fixed, assets designated to fund expenses may increase or decrease in value. In a worst case scenario, managers may have to liquidate assets at potentially “distressed” levels to meet these obligations. This paper reviews a few current strategies available to help Individuals deal with this ever present issue.
Selecting the proper financial structure and advisory relationships for your family is a significant job. Managing Director Brad Fisher discusses the three stages of the selection process and the questions wealth owners should ask in this white paper.
For many private collectors of fine art, lending artwork from their collection to a museum or cultural institution is a highly valuable and meaningful experience. For the good of the arts, it is very important that collectors continue to loan, but for the protection of collectors, it is also important that the financial value of the artwork be fully insured while on loan. This white paper looks at what collectors can do to protect their assets.
In today’s post-Madoff era, investment advisors are under increased pressure to prove that they are adhering to a growing range of directives, restrictions, policies and regulations. The challenge for Chief Compliance Officers is to understand the risks associated with each of these three drivers of compliance and how they can be mitigated.
Art ownership disputes occur every day in the market, which may include historical theft or traditional liens and encumbrances. Buyers, sellers, museums and fiduciaries should be aware of liability issues created by lack of transparency in art and collectibles transactions.
This article outlines the essentials of family risk management, including understanding and acting on threats of exposure to liability, household risk management, online theft or fraud, reputation and legacy in the Internet age, and finance-related violent crime.
Understanding the exposures involved with direct private equity investing as well as the insurance solutions to address those exposures is essential when implementing a direct private equity investment strategy for family offices.