Can the financial services industry adjust quickly to the need to retool themselves to meet the "service requirements" and client experience expectations of the first generation to grow up with computers?
Consider that if your client pays insurance premiums monthly, quarterly or semi-annually, it costs more than paying a lump sum—it’s the equivalent of an interest rate charge, and higher than you think....More
The American Taxpayer Relief Act has "permanently" changed the estate planning landscape. Planning will increasingly focus on tax basis management and the intersection of the income and real estate tax (namely, the "step-up" in basis)....More
By failing to update their personal insurance program to reflect the wealth they have built, many high net worth families have insurance policies full of wasteful spending and dangerous gaps in coverage....More
Traditional loan products could be unavailable for clients who suddenly find themselves in need of cash. A 'fire sale' of luxury assets may seem like the only solution which often results in loss of true value....More