For several decades, there have been strong US tax reasons for holding a foreign trust offshore in order to have reduced tax friction on the trust's current earnings, thereby increasing overall family wealth outside the tax net of the USA. Unfortunately, both U.S. practitioners and beneficiaries tend to underestimate the magnitude of compounding tax savings…
Read More
NYU Stern Professor and serial entrepreneur Scott Galloway it says “AI won't take your job” – but people who know how to use it can. In an episode of the Masters of Scale podcastwhich aired earlier this month, Galloway advised anyone who thinks their job may be at risk of automation to start using AI….
Read More
Raymond James has recruited a team of five advisors to the firm's employee advisor channel. The Williamsville, NY-based group previously managed over $1 billion in client assets at Merrill Lynch. The team is led by Christopher Scott, Kevin Klein, Michael Gates and Salvatore Gandolfo and will operate as Scott Klein Gates Gandolfo Wealth Management of…
Read More
Ernst & Young's (EY) Ignite Learning Week in May offered employees at the strategy and consulting firm a chance to improve by taking online courses such as “Conversing with AI, One Request at a Time” and “How How strong is your digital brand in the marketplace?” However, a report from Financial Times revealed an unexpected…
Read More
BlackRock's head of ETFs told CNBC that 13F filings have revealed that 80% of investors in bitcoin spot ETFs are direct investors and 75% have never owned his ETFs before. JP Morgan Asset Management has split its alternative investment business into two segments, FundFire reports. These are among the investment must-reads we found this week…
Read More
Former Abercrombie & Fitch CEO Mike Jeffries, 80, was arrested Tuesday with two other associates. Jeffries is charged with one count of sex trafficking plus 15 counts of interstate prostitution. “As alleged in the indictment, former Abercrombie CEO Michael Jeffries, his partner Matthew Smith and their recruiter James Jacobson used their money and influence to…
Read More
According to a new report from Morningstar, investors continue to show interest in thematic funds, a type of fund that invests in multiple sectors and assets based on a key theme such as AI, clean energy or cannabis. Over the past five years, the volume of assets in thematic funds globally increased by approximately 108%…
Read More
Opinions expressed by Entrepreneur contributors are their own. As marketers, we're always looking to get a leg up on our competition. or celebrity endorsement is a historically reliable way of doing so. Celebrities offer a chance to reach new audiences that are outside of your traditional marketing efforts. IN ButterflyMXwe have had success working with…
Read More
The Internal Revenue Service has published Revenue Procedure 2024-40, which specifies tannual inflation adjustments for tax year 2025. Here are some of the highlights: • Gift, estate and inheritance transfer tax exemption amounts: $13.99 million (up from $13.61 million). • Annual gift tax exemption (IRC Section 2503): $19,000 (up from $18,000). •…
Read More
Opinions expressed by Entrepreneur contributors are their own. Today's leaders can't just be good at their jobs – they have to be exceptional at so much more. Once upon a time, leadership was about managing revenue, operations, and owning the company's message from the top down. The job was clear: Steer the ship, own the…
Read More