He knew it wasn't going to be easy: A few years ago, William Bourke took a deep breath, looked his new client in the eye, and asked about succession plans for the small manufacturing business the man had started 20 years before. The owner waved...
If you don't pay attention, you might not notice them. I'm referring to the throwaway terms that management teams, analysts and investment bankers use in lieu of hard facts and real data to describe corporate strategy, outcomes and financials. You...
Financial advisors rarely bring up during client meetings. By the time you've covered erosion to portfolios from market losses, taxes and fees, calling attention to one more way to reduce their net worth doesn't seem like a good idea. But you...
The nation’s largest discount brokerage firm, Charles Schwab & Co., is cutting 19 retail branches in favor of smaller, one- or two-broker boutiques, a move the company says will cut costs and more effectively serve clients. Analysts think it...
As forecast in the early 1980s, America is aging. The new century counted almost 77 million Americans over the age of 50, with more than half between 50 and 64 with a surprising 4.2 million over the age of 85.1 As a result, professionals...
It seems unlikely that a multimillionaire would want to move into assisted living. After all, rich people can afford round-the-clock home care if they need it. Yet today's elderly affluent are flocking to continuing care retirement communities ...
David T. Leibell and Daniel L. Daniels of Cummings & Lockwood LLC in Stamford, Conn., show just what it takes for a charity to get more time from the Internal Revenue Service to sell an excess business holding: In two similar rulings, PLR...
In May 2004, Treasury Secretary John Snow became aware that one of his advisors had invested about $10 million of Snow's money in Fannie Mae and Freddie Mac bonds, as well as other government-sponsored housing finance companies, during a period in...