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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.

Recent legislation and changing public opinion has led to the birth of an exciting, fast-growth new industry: cannabis. Companies eager to capitalize on the trend toward legalization are moving quickly to establish a toehold in an industry that is expected to generate explosive growth in coming years. At the same time, investors considering ways to participate in this growth are faced with a unique set of challenges.

Interest in sustainable investing is growing each day as wealth owners, families, and family office professionals start down the path of sustainability investing. This paper details the typical path these investors take, the questions many of them face, and the way many of them successfully develop a winning strategy that generates both returns and impact.

Whether an employee leaves for another job or because the employer decided it was time for the employee to go, employers typically need to figure out how to replace a departing worker. Sometimes, the break is clean. Other times, it can be complicated. Regardless of the reason or circumstance, now-former employees may have post-employment obligations to the business or organization that employers should immediately consider and, if necessary, act upon.

If you are a business owner, one thing is certain: At some point, you will exit your company. In order to leave—on your terms and when the time is right—you should begin to design your plan now in order to achieve a successful outcome. Many owners often believe that their exit plan begins when they receive an offer for their business. That should not be the case. Exit planning is a journey. If done correctly, you will increase the chances of your transition vision coming true.

There’s no denying that the looming transfer of wealth will be great—the largest in history. However, for all the hype and years of coverage, the Great Wealth Transfer is more like the Great Wealth Trickle. Even as a trickle, for wealthy families focused on preserving their legacy over generations, it’s impossible to overstate the importance of effectively transferring wealth and how certain factors can impact the transfer on multiple fronts. Smart families recognize that a proactive approach is essential to a smooth transition.

The trend of states legalizing both medical and recreational marijuana use continues to gain momentum. Unfortunately for employers, this also means having to wade through an ever-growing patchwork of marijuana laws across the country. The latest development addresses one discrete but important distinction for recreationally legalized marijuana. Employers would be wise to consider their reasons for having zero-tolerance policies and whether those policies can be tailored to avoid confusion on the ‘lawful product’ interpretation.

Many wealth management clients often want to know how to prevent their children from becoming entitled. Specifically, they’re concerned that their children will rely on family wealth instead of forging their own paths to success and will lack an understanding of money beyond how to spend it. Moreover, parents may inadvertently seed entitlement in their children even as they’re trying to avoid it. To sidestep the entitlement trap, here are five consistently identified principles to help parents create more self-reliant children.

One core belief held about the blockchain industry is that every stock, bond, currency, and commodity will eventually be digitized (also known as tokenized). This investment thesis is one that has large-scale implications, but the rewards will only be realized by those who are patient enough to stick around for a long time. As Bill Gates says, “We overestimate what we can accomplish in one year, but underestimate what we can accomplish in ten years.”

Cannabis is one of the most promising industries emerging today and has the potential to impact and reshape the global, social, and business landscape. In this report, a spotlight is shined on the most pressing investment issues and trends facing the cannabis industry to help investors, companies, and investment banks navigate risk in the fast-moving market. The report also examines the industry from a private market perspective, including a growing ecosystem and the valuation of cannabis startups.