A Wilmington, NC-based team of advisors led by Katie Medina has left Merrill Lynch to form TOVA Wealth on the Sanctuary Wealth platform. At the same time, RBC Wealth Management has added John Terrion, a $438 million AUM advisor from Merrill, to its Boulder, Colo., office. TOVA starts with more than $400 million in client…

Editor-in-Chief Susan R. Lipp weighs in on the contents of this month's issue. Source link

Don Eddy's Near Desire/Distant Longing sold for $31,750 at Freeman's | Hindman Chicago Art + Design Sale July 18, 2024 in Chicago. An American artist, Eddy was born and raised in Long Beach, California, where he worked with custom paints in his father's auto shop. There he first learned to use the airbrush, a tool…

Craig R. Hersch provides practitioners with a foundation for understanding artificial intelligence. Source link

Martin M. Shenkman and Joy Matak discuss the business continuity planning challenges created by a new rule restricting the use of non-compete agreements. Source link

Prenuptial (prenuptial) agreements, also known as “prenuptials” or “prenuptial agreements,” deal with topics ranging from determining property and its treatment in the event of a divorce (including settlements and illiquid business interests), spousal support, and fees and counseling rights in a spouse's estate after their death. While couples are increasingly marrying later in life or…

Warren Buffett once said, “It's good to learn from your mistakes. It is better to learn from the mistakes of others.” This maxim rings true in investing, of course, but it is also appropriate in the context of an attorney advising a high net worth (HNW) client on allocating capital to an alternative entity such…

Suggested approaches to foster resilience. Source link

The wealth management industry has its fair share of clichés. Having spent a decade consulting with financial advisors around the country before becoming one, “financial advocate” is the one most often used by advisors when describing their value proposition. However, most financial advisor clients I consulted focused primarily on portfolio management rather than serving as…

Preserving wealth across generations is a fundamental goal for many high net worth individuals and families (HNWs). Central to achieving this goal is navigating the complex estate tax landscape and utilizing strategic financial planning tools, such as permanent life insurance. Let's explore the current state of estate taxes, upcoming changes to the sunset of high…