This article is the third and final in a series examining the downsides of dead hand control in trust planning. The first article explored the challenges and limitations of traditional trust planning.1 The second addressed the growth of silent trusts or quiet trusts and illustrated how these types of trusts can negatively affect the growth…
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Let's face it – American workers are burned out. Research from Aflac on the stress levels of US-based workers found that over 50% of respondents experienced burnout in 2023 and nearly 75% reported experiencing moderate levels of work stress. But organizational psychologist and bestselling author Adam Grant, a go-to expert on organizational mindsets and habits,…
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Envestnet, the publicly traded wealthtech company, is exploring a sale, according to a Reuters reports citing confidential sources. The company has received interest from private equity firms including Bain Capital, sources told Reuters. Envestnet has hired Morgan Stanley to serve as its investment bank in the process and help navigate interest from potential buyers. An…
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Opinions expressed by Entrepreneur contributors are their own. From creating just-for-fun images of the Pope to algorithms that help sort job applications and ease the burden of hiring managers, artificial intelligence programs have taken over the public consciousness and the business world. However, it is vital not to overlook the potentially deep-seated ethical issues associated…
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(Bloomberg) — After launching the world's first mutual fund 100 years ago, MFS Investment Management is poised to make its debut in the ETF market. In the strongest sign yet that low-cost trading vehicles are taking over the investment world, the firm has applied to create five actively managed exchange-traded funds that include stocks and…
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Disclosure: Our goal is to display products and services that we think you will find interesting and useful. If you purchase them, the Entrepreneur may receive a small portion of the sales revenue from our trading partners. Sometimes, getting out of the office and letting your brain wander to the movies can do a world…
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It's easy to confuse frequency with duration—especially when you're struggling with a high volume of activity. Categorizing things comes naturally to all of us. It appeals to our sense of order and perhaps creates an atmosphere of control. Within the wealth management industry, we organize events in cycles. Bull, bear, business, life … we love…
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Disclosure: Our goal is to display products and services that we think you will find interesting and useful. If you purchase them, the Entrepreneur may receive a small portion of the sales revenue from our trading partners. If gaming is how you relax when you take a break from business work, then you probably already…
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The Securities Exchange Commission is trying to encourage profound cultural change about compliance after a high-profile crackdown on “out-of-channel” communications. Many firms find themselves in a difficult scenario—a sort of regulatory purgatory where they know they need to make significant changes to their data storage infrastructure, but are trying to face the reality that face…
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Opinions expressed by Entrepreneur contributors are their own. I've had a tough few years in my business. During that time, problems came one after another. Just when I felt I had things under control and things were changing, another challenge appeared. In my coaching with entrepreneurs, this is a common experience. Being in business is…
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