Insight
Q1 2024 Wealth Strategy Insights
Orchestrating Wealth: The Harmonious Symphony of Multigenerational Wealth Management
In the world of investment management, where the pursuit of financial excellence often dominates the discourse, the notion of entrusting the role of Chief Investment Officer (CIO) to an individual with a degree in music composition may appear unconventional, perhaps even audacious. One would also think that the Managing Director of a multi-generational Single Family Office would be putting their career on the line if they actually made this hire. After all, the Managing Director maintained the primary responsibility for the management of all assets of a 4 generation, 32-member family.
Q4 2023 Wealth Strategy Insights
Secure Act 2.0 And Future Changes in 2024
You may have heard about the passage of the SECURE Act 2.0 in December 2022, which introduced several changes to tax laws. Some of these changes have already taken effect, while others are scheduled for implementation in 2024 and beyond. Here is a summary of key modifications:
Q3 2023 Wealth Strategy Insights
Employee Stock Purchase Plans (ESPP)
An Employee Stock Purchase Plan (ESPP) is classified as a type of option program under tax law. An ESPP grants employees the right to buy company stock at a computed price, at some future date. The market price (FMV) used to compute the discount is often determined on the offer date – the date the option was granted.
Q2 2023 Wealth Strategy Insights
Mid-Year Financial Planning Check-Up: Tips for a Stronger Future
As we reach the halfway point of the year, it's a perfect time to conduct a financial planning check-up. Here are some essential tips to consider: Revisit Your Spending Maintaining a budget and sticking to it can be challenging. However, reviewing your credit card and bank statements from the first half of the year can help you stay on track. Many credit card companies categorize your spending, making it easier to identify areas where adjustments can be made for the remainder of the year.
Q1 2023 Wealth Strategy Insights
Chatting with AI: Can it review its own investment potential?
As each quarter-end approaches, we survey our colleagues for timely newsletter topics. I volunteered to write an article about the investment potential of artificial intelligence (AI). The topic from my peers was along the lines of, “Write an article from the perspective of a wealth manager about the investment potential of AI.”