Transferring Excess Capital
Lifetime Gifts and Testamentary Bequests A method of transferring discretionary wealth is to donate it immediately or during one’s lifetime …
CFA
Core Capital and Excess Capital
Developing an estate plan that will sustain a family and their descendants over multiple generations is a challenging task. A …
Domestic Estate Planning
Estate planning is a critical component of wealth management for private clients. Translating the goals of an individual or family …
Taxes and Investment Risk, Implications for Wealth Management
Investment Risk A fundamental premise regarding taxes and risk is that, by taxing investment returns, a government shares risk as …
Types of Investment Accounts
Most types of investment accounts can be classified into three categories. The first type is taxable accounts. Investments to these …
After Tax Accumulations and Returns for Taxable Accounts
Taxes on investment returns have a substantial impact on performance and future accumulations. Models enable the investment adviser to evaluate …
Global Income Tax Structures
There are three primary categories of taxes: Taxes on income: Paid by individuals, corporations, and other legal entities on various …
Portfolio Construction and Monitoring
Portfolio Allocation and Investments for Private Wealth Clients The traditional approach to constructing a private client’s portfolio views risk in …
Investment Policy Statement
The Investment Policy Statement (IPS) is a written planning document that describes a client’s investment objectives and risk tolerance over a …
Investment Planning
Capital Sufficiency Capital sufficiency (or capital needs) analysis enables private wealth managers to determine the likelihood of their clients being able …