In the first part of this article,1 we discussed the income tax saving opportunities offered by non-grantor trusts. We will now discuss some disadvantages of non-giving trusts in both domestic and international contexts. In cross-border situations, the challenge is usually to manage complexity and avoid pitfalls for the unwary. In the domestic context, often the…
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Opinions expressed by Entrepreneur contributors are their own. There is no fast track to becoming a master – it takes work. As a renowned sushi chef and owner of Royal Izakaya in Philadelphia, This is Jesse carries a legacy of culinary excellence and rich tradition. Jesse began an apprenticeship at age 14 at his family's…
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Abacus Life, a publicly traded alternative asset creator and manager specializing in life insurance products, has rebranded its technology division from LMA Technologies to ABL Tech and expanded its capabilities. The division will also make mortality and life expectancy data available to its fledgling wealth unit for the first time. Late last year, Abacus opened…
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Artificial intelligence (AI) has emerged as a major force behind the impressive gains witnessed in the stock market over the past year. This revolutionary technology has left its mark on various sectors, including healthcare and finance, with its impact on the stock market particularly significant. NVIDIA, a leading manufacturer of semiconductors or chips that power…
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As defined contribution plan sponsors evolve from knowingly incompetent to knowingly competent, all eyes turn to their retirement plan advisor. According to Fidelity 2023 Plan Sponsor Attitudes Study covering 1,351 plans with 83% between $3 million and $250 million in plan assets, the main theme is, “Increasing Complexity Creates Opportunities for Greater Advisor Influence.” But…
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Going to medical school has a cost – the average medical school graduation owes it $250,995 in total student loan debt, not including any degree debt. Students at the Albert Einstein College of Medicine in Bronx, New York are no exception to this trend, with nearly half owing more than $200,000 on their medical school…
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In the rapidly evolving financial services landscape, generative AI is emerging as a transformative force, offering unprecedented opportunities for efficiency, innovation and customer engagement. This webinar examines the multifaceted role of generative AI in growing the advisory business, navigating through its potential from initial data capture to workflow automation. Join us as we explore the…
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More than four in 10 workers feel “a lot” or “somewhat” lonely at work, according to a recent report from the Employee Listening and Manager Effectiveness Platform Perceptyx. But remote workwhich more than tripled in the wake of the pandemic from 2019 to 2021, it is not necessarily to blame. Actually, research suggests that employees…
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Mariner Wealth Advisors CEO Marty Bicknell admitted last year that the firm “conspired” with a competitor not to hire or solicit each other's employees, according to a copy of a non-prosecution agreement with the Justice Department's Antitrust Division of the USA. A new lawsuit filed by several former employees alleged that the deal helped Mariner…
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Opinions expressed by Entrepreneur contributors are their own. In 2024, AI is shaping the business world on an unprecedented scale, promising to increase productivity and take operations to a new level. However, with the proliferation of new tools, it can be difficult for entrepreneurs to understand exactly how AI can benefit their business, especially as…
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