As the nation continues to battle the devastating effects of COVID-19, a number of family offices have taken a greater interest in reviewing or creating various wealth succession plans, with tax and estate planning a top issue and consideration in the U.S. election. In preparation for the outcome, family offices and the families they serve should c...
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Over the last five years, cyberattacks have moved away from targeting millions of dollars in a single attack to targeting transactions of $100,000 or less at smaller organizations. With limited security and lack of awareness, family offices are attractive targets for cybercriminals. By taking a business-minded approach and understanding the strateg...
Actions demonstrate what it means to be a sustainable business. And in times of crisis, such as the COVID-19 pandemic, companies show through their actions how they balance societal concerns and profit motives. Further, companies that find a role in addressing this crisis can use this opportunity to do well in the world and to chart new long-term b...
Washington will be a different place under a Biden administration, but it won’t be a different enough to cause a seismic shift across the investment landscape. While some observers fear a divided government may inevitably lead to gridlock, a more likely outcome is compromise—meeting halfway in a few areas. It will be a mixed bag for mun...
It's best not to wait until the last minute to take steps that can preserve or enhance your assets. Before the New Year arrives, consider the 10 tax-savvy tips that can benefit and protect your wealth, investment, and liquidity plans.
The housing market’s role as one of the key drivers of the current recovery has been notable and stands in stark contrast to its role as a key driver of the last recession (2008-2009). Its surprising resilience is due in part to the pandemic-induced demand for housing, ultra-low interest rates, and pre-pandemic demographic trends. The longer-...
Year-end planning presents abundant opportunity to consider and optimize tax strategies. For the executives who have faced tremendous demand to lead companies through dynamic shifts during a year of historic change and disruption, it is important to be particularly mindful of tax implications that may arise from equity-linked compensation. As the y...
A growing demand for a more equitable and inclusive society has emerged in a year marked by turmoil and uncertainty. Fixed income issuers are starting to respond to that demand by offering social bonds. Through this innovative vehicle, see how muni investors have the ability to effect systemic change and make a positive impact on society.
A combination of health, economic, and financial challenges has created a higher level of uncertainty than ever before—worse even than the 2008 global downturn. However, COVID-19 has created a wide range of opportunities for family offices to update their approaches to investment management, tax, and estate planning, and governance. Learn wha...
In a season of change and unprecedented challenges—from the unexpected presence of a devastating pandemic, growing awareness of longstanding racism and pervasive systemic inequality, and a movement to restore democracy—no one is exempt. In the wake of those challenges, the philanthropy sector has evolved and continues to learn. Through ...
The process of finding a charity and donating money seems simple. However, just like portfolio asset allocation, slightly different approaches can yield dramatically different results in your wealth management strategy. See how they change when looking at comparable after-tax benefits of three basic methods of charitable giving.
Thinking that you have to trade off financial performance and sustainability is a “false dichotomy” and a “ridiculous mindset,” according to Alan Jope, CEO of Unilever, one of the largest consumer goods companies on the planet. In this episode, Jope shares his visions and the actions taken to make them a reality: creating an...
Without the usual financial pressures of family wealth, how do you teach your children about money, work, and personal responsibility? Because the stakes are high at this point in your family journey, this article by NEPC recommends starting with the family fundamentals and a sense of purpose for the wealth. It further outlines a reliable 1-2-3 str...
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.
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.