How Wealth Planners and Advisors address the needs of clients who have assets over $1MM.
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Financial families, defined as owners who manage their wealth as business, focused their attention in 2006 on enhancing their wealth strategies and strengthening their relationships with advisors as well as like-minded financial families. Whether...
Private equity is a hot investment these days. And while you may be referring your ultra-high-net-worth clients to established private equity firms, don't be surprised if a wealthy client asks you for advice on a private investment opportunity...
A new study on high-net-worth philanthropy shows that the rich are different. David T. Leibell and Daniel L. Daniels, partners of Cummings & Lockwood, LLC in Stamford, Conn., report: According to a study released Oct. 26 the Bank of America Study...
From the grandfather clock that stood sentinel in the front hall of the family home to the worn-out tennis racquet Dad always used when letting his kids win a match, many estates include objects that have little or no financial value but are...
The Delaware Chancery Court has developed a unique approach to an appraisal issue that has dogged estate and gift tax valuations of subchapter S corporations ever since a string of controversial Tax Court cases earlier this decade. In Delaware...
At 9:00 p.m. on the evening of July 4, Jim Ruddy received an emergency phone call from a Nevada hospital room. Ruddy, president of the private family office Keswick Management Inc., is used to fielding calls from family members about financial...
Many family offices are paying close attention to the Securities and Exchange Commission's efforts to register and regulate hedge fund advisors. That's because last year, the SEC declined to treat an investment entity created for a family office...
Recently, a wealthy art collector died, leaving a $20 million estate of paintings, drawings, sculptures and other pieces. The works belonged to a foundation established by the collector; the proceeds would go to the foundation. Other than that...
Benchmarking has long been standard operating practice in the manufacturing industry. In the last 20 years, it's gotten more attention in the service industry. And now family offices are beginning to think about how they too can measure...
Anyone who has ever watched a relay race or a football game knows that a lot can go wrong during a handoff. The same is true when control of a business is being passed from one person to the next. Indeed, the death, disability or retirement of a...
