In today's accelerated world, true long-term planning seems almost old-fashioned. Unfortunately, emphasis on the immediate creates the potential for shortsightedness when choosing an investment strategy. But savvy advisors can compensate for this...
Boris Leavitt amassed a fortune in the mail order business and left a contemporary art collection that was appraised at $12.4 million when he died in June 1996. One work alone, Willem de Kooning's was worth $9 million. At auction five months later...
In an expos published in 2003, The Boston Globe reported that officers and directors at scores of foundations were themselves the principal beneficiaries of their foundations' assets, receiving compensation packages that sometimes surpassed what...
On Oct. 28, 2004, a teleconference was hosted by Stephen Wolff of the Ashton Group in Newport Beach, Calif., on the subject of Priceless New Tax Ideas for Art Collectors. The speakers were Roy M. Adams of Sonnenschein, Nath & Rosenthal LLP in New...
In even the closest of families, there's always a tension between a trust's current income beneficiary and the remainder beneficiaries over the investment strategy. In general, the income beneficiary wants the assets in the trust invested heavily...
The qualified personal residence trust, or QPRT,1 has faded in popularity due to declining interest rates (lower interest rates make QPRTs more expensive), stock market losses (which make clients less rich), and the prospect of estate tax repeal ...
Deck: A response from the authors of “A threat to All SNTs,” November 2004 issue, to a letter to the editor from Richard E. Davis, member of Krugliak, Wilkins, Griffiths & Dougherty Co. L.P. inCanton, Ohio Douglas W. Stein, a member of...
Consolidation and cost-cutting measures continue to have their effects on the brokerage industry. National broker/dealers, regional firms, independent b/ds and insurance b/ds all shed reps from 2003 to 2004, with only RIAs and banks showing an...
If Edward Jones reps are dismayed by the firm's record-setting SEC fine and the subsequent dismissal of their managing partner, Doug Hill, they're doing a good job of covering up. They've told us not to be alarmed or anything, and we're not, one...
The recent bear market was one of the worst in history, but investors in the Calamos Market Neutral Fund, a mutual fund, hardly noticed. With annual total returns averaging a solid, if unspectacular, 8.4 percent from 2000 through 2002, the bear...
