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New findings in brain science and neuroplasticity provide clues on how to create and sustain better leaders, especially within family enterprises. Consider some of the roles and functions we commonly associate with effective leadership in such enterprises: clarifying vision; leading change; creating strong connections between disparate groups; maki...

Investors now have more than $3 trillion invested in hedge funds, up from $1 trillion in 2005. This steep increase in assets under management means the hedge fund industry confronts a more scrupulous regulatory environment, heightened investor demands for transparency and tighter standards for all aspects of fund governance, like performance report...

There has been so much attention this fall on the presidential election that the end of the year has rapidly come upon us. Regardless of the outcome of the election, neither candidate will be able to change the current tax law this year, so most of the usual year-end tax planning strategies remain the same. However, one recent development has cause...

We often think of Thanksgiving and Giving Tuesday as ushering in the year-end charitable giving season. Year end is not only a time for gratitude, as families gather for the holidays, but also a time to start organizing financially for the close of the calendar year. But year-end giving does not need to be short-term giving. So even as you strive t...

Women have become financial powerhouses and have taken on an increasing role in managing wealth to the tune of $11.2 trillion. Some estimate that by 2030, women will control as much as two-thirds of the nation’s wealth. This change makes one thing clear—whether women are wealth creators, inheritors, or owners through marriage, they need...

History has typically played out such that the president and at least one of the houses of Congress are of different political parties. President-elect Trump, however, will benefit from a “unified government,” which has been an important driver of overall post-election market reactions. With a clean political party sweep, much of what T...

Thank goodness the U.S. election is over so we can all stop slinging arrows at each other and get on with our lives for at least the next 18 months. America is divided, where roughly half the voters wanted him and the other half wanted her. America got him. So what does that mean if you are a private markets investor, especially if you are an impac...

As high-net-worth investors discuss plans for charitable giving and investing with their financial advisors, it is absolutely crucial for them to be on the same page in terms of the outcomes desired, both financially and philanthropically. For this reason, advisors and their clients need a set vocabulary of terms going into the first meeting. Only ...

Based on the voices of 2,650 successful business owners across Europe, Asia, the United States and the Middle East, the Global Entrepreneur Report examines the characteristics and motivators of Elite Entrepreneurs with a total net worth of $40 billion. They are highly motivated, resourceful and skillful in the art and science of entrepreneurialism....

An at-a-glance summary of the 2017 Global Entrepreneur Report that draws upon the views of 2,650 successful business owners across 21 countries and explores their characteristics, actions and ambitions. In addition, the Report examines the differing approaches of five business owner profiles: the Millennipreneurs, the Women Entrepreneurs, the Ultra...

The U.S. president-elect’s victory and the Italian’s declination of reform in the waning months of 2016 was a final crescendo for a central theme of 2016, populism. Additionally, stresses in regions like the Middle East and East Asia were accompanied by growing inequality and unrest, while concerns over the refugee crisis and a snowball...

By enacting progressive trust laws building on the uniform trust code, Tennessee is attracting a growing number of family offices that are seeking flexibility to adapt to changes in family circumstances and the world around them. One such change was adding the "common sense" provision that expanded the definition of "family memb...

For many family firms, the missing middle is the strategic bridgework spanning the mid-zone between two visions: the entrepreneurial vision that sparks the formation of a business and the long-term vision that allows family firms to pursue goals far into the future. Strategic planning for the medium term—the gap between now and the eventual c...

It is near certain there will be sweeping tax legislation in 2017, but not of the sort many expected. Looking back over 2016, there were a few significant tax changes but many proposals and much speculation concerning tightening of regulations and new taxes. Prior to the election, there were expectations of the proposals coming to fruition under a ...

Heading into 2017, the top five investment themes center around prolonged expansion, inflation rising, a new upward interest rate bias, going from global to local, and stock pickers being back in style. With all the dire headlines, it’s easy to forget that we are in the midst of the fourth longest expansion on record. Looming risks exist, nam...