There is an urgency to help in the wake of natural disasters, and substantial sums are raised by charitable crowdfunding sites. But there is little law, and even less guidance, around the tax consequences.
Once regarded as novices, family offices are looking beyond stocks and bonds to pursue direct investments in companies and real estate. The most sophisticated are turning into investing giants.
The ultra-high-net-worth advisors find embracing qualitative factors—the “soft side” of wealth management—is key to helping families maintain their wealth.