EP Wealth has acquired CornerCap Investment Counsel, an Atlanta-based firm with $1.1 billion in assets under management. It is EP Wealth's fourth deal this year and second to reach more than $1 billion in AUM. In describing the deal, Ryan Parker, CEO of $26.2 billion EP Wealth, said CornerCap would be a “great addition” to…

As global temperatures rise, the wealthy are seeking cooler escapes. Instead of heading south for typical vacations, high net worth individuals are increasingly choosing northern destinations like Canada, Greenland, Iceland and even Antarctica. This emerging trend, known as “colds,” offers a unique way to beat the heat, but it comes with its own set of…

JP Morgan Chase Chairman Jamie Dimon called out institutional investors for their role in increasing the popularity of private markets, FundFire reports. A Fed interest rate cut could be a boon for small-cap stocks, according to MarketWatch. These are among the investment must-reads we found this week for wealth advisors. Source link

For families who have worked hard to build and maintain wealth, raising younger generations to become financially responsible adults is critical to preserving a family legacy for generations. While many parents are dedicated to raising children with strong values, financial savvy and a healthy relationship with money, wealthy families can face some unique challenges. Parents…

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

Thierry Noir's A tremendous burst of energy spreads around the market square sold for £25,400 at the Phillips Modern & Contemporary Art: Evening & Day Sale on 27 June 2024 in London. Born in France, Noir was inspired by musicians David Bowie, Nina Hagen and Iggy Pop to move to Berlin, where he became a…

Despite the upcoming election, some lawmakers and thought leaders in Washington, DC have already turned their attention to 2025, when individual provisions from the Tax Cuts and Jobs Act of 2017 are set to expire.1 Some of these key policymakers and thought leaders have already targeted tax-exempt organizations as a way to raise revenue to…

The intent trust has evolved into a powerful estate planning trust in the United States. It is a non-charitable trust with no beneficiaries that generally perpetuates one purpose: to take care of property. It started primarily as a pet trust because pets are considered property. The goal belief has since evolved to include many expanded…

Charitable giving through planned giving instruments, such as legacies, charitable gift annuities, and life insurance determinations, has become an increasingly vital source of income for nonprofit organizations. As donors seek to maximize their charitable impact while minimizing their tax burden, charities require sophisticated strategies to cultivate and nurture these planned gifts. Access the Planned Giving…

A strategy to do charity while giving less tax. Source link