Managing Risk of Single Stock Positions
A portfolio consisting of only a few stocks would not generally be considered prudent because of the risk from the …
private wealth management
General Principles for Managing Concentrated-Single Asset positions
Frequently, the wealth of individuals and families is concentrated in an asset or group of assets that has played a …
Cross Border Estate Planning
Individuals and families with business and personal interests in more than one country face special estate planning challenges. Tax Considerations …
Estate Planning Tools
Trusts Trusts are a means by which a grantor (or settlor) can transfer assets to beneficiaries outside of the probate process. The trustee …
Transferring Excess Capital
Lifetime Gifts and Testamentary Bequests A method of transferring discretionary wealth is to donate it immediately or during one’s lifetime …
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 …