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How should an investor allocate across active and passive investments? It’s a challenging decision with numerous components, and for many investors, indexing has become a valuable starting point that leads to choosing to index their entire portfolio. But our analysis shows that for those who are comfortable with the characteristics of active investments, an allocation to active can also be a viable solution.

In this collection of tax alerts and articles, we provide legislative and regulatory insights to help family offices address their concerns in the following areas: estate and gift tax, charitable giving, partnerships, tax planning for non-resident entering the U.S. tax system, and tax treatment in the financial services industry.

Investing evokes emotion, and even sophisticated investors should arm themselves with a long-term perspective and a disciplined approach. Abandoning a planned investment strategy can be costly, and research has shown that some of the most significant derailers are behavioral: the failure to rebalance, the allure of market-timing, and the temptation to chase performance.

More than ever before, families and individuals are creating trusts and limited liability companies and transferring legal ownership of one or more of their properties to these entities. Very often these arrangements are an important component of a family’s overall financial and wealth management strategy. But without an insurance program that properly reflects the structure of these arrangements, they can create unintended risk exposures.

Occasional memory lapses are not uncommon, but there may be more going on when forgetfulness begins to affect daily functioning, performance or safety. With more than 5 million Americans diagnosed with Alzheimer’s disease, it is essential for Family Office Executives to understand more about cognitive decline and recognize the warning signs early. Advanced planning and having early conversations with individuals and their families before the age of 65 is critical to safeguarding a family.

For a number of philanthropists, philanthropy is a family affair: a means of passing on key values to the next generation as well as giving back or doing good. How are millennials in family foundations, with the weight of legacy on their shoulders, approaching philanthropy? This fascinating generational shift is explored in more detail in this new report.

Wealth amassed by affluent individuals is being channeled into family foundations, increasingly led by millennials. They sit at the crossroads between the forces driving the millennial generation and the weight of their families’ legacies. They want their financial resources to achieve the greatest possible impact. They question why all their investments weren't impact investments.

A beautiful summer home on the beach or keeping a home of your grandparents for all family branches to gather, relax, and enjoy sounds ideal. What happens when your cousin comes with her five kids and three large dogs for a month? Or the taxes and maintenance are being split equally and you barely use the property? Or what if some family members leave the property in disarray? Unfortunately, sometimes a good idea intended to bring the family closer together can, if not managed properly, create more tension and conflict.

A number of seismic shifts occurring around the world are likely to lead to different outcomes for investors in the decade ahead than those experienced by investors in the decade past. For investors, the important question becomes: “Am I positioned to take advantage of the changes happening in the world around me?

Anyone who has participated in the acquisition or sale of a company will recognize the typical path of a deal: from flirting to tough questions to hard bargaining to—finally—handshake. Inevitably, however, the road detours from the exhilaration of accord to the anxiety of suspicion. The buyer wants assurance that all the seller's promises are true and that there are not going to be any surprises once the acquisition is consummated.