Family cohesion is essential for the well-being and sustainability of families and their enterprises. This includes both immediate family members and extended multigenerational family systems of any size and complexity. Building a strong foundation of family cohesion is an often-overlooked starting point when wealthy families begin estate planning, succession efforts, and developing the next generation…
Read MoreThe scenario is very common. Founders (or non-founder owners) of a family business understand that it's time to do some estate planning. Their email inboxes are flooded with alarming announcements that the US estate tax exemption is shrinking or going away and that tax rates are going up – soon. They are urged to act…
Read More
With many industry benchmarking studies showing a decline in organic growth for RIAs, the urgency to find new ways to drive growth is becoming increasingly important. Especially now as advisors' “bread and butter” clients – the baby boomers – stop saving as they begin to spend their retirement savings. So join us for an interactive…
Read MoreUltra High Net Worth (UHNW) individuals, private businesses and family offices do not always appreciate the importance of risk management. Risk management for family offices and other family businesses involves the process of identifying, assessing and controlling threats to family capital and assets. These risks can come from various sources, such as financial markets, legal…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
Based on one-year returns as of 2/14/2024. Minimum $5 million in net assets, excluding leveraged and inverse ETFs. Aniket Ullal is VP, ETF data and analytics for CFRA, one of the world's largest providers of independent investment research. Aniket founded First Bridge Data, a leading source for global ETF data and analytics that was acquired…
Read More