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While IT functions are playing a central role in today’s digital transformation, their future is uncertain with public cloud, everything-as-a-service (XaaS), AI, and other advancements making new demands of IT leaders and their teams. Looking at the challenges and impact of six trends on IT’s mission and value proposition in an AI-enabled world, it’s clear that a leap forward with digital transformation is required if IT wants to be a driving force behind the successful integration and application of technology to build innovative, resilient, sustainable, data-driven organizations.

The Corporate Transparency Act (CTA) is effective as of January 1, 2024. If a U.S. entity is not exempt, it is a reporting company and must file a “Beneficial Ownership Information” (the BOI). The same is true for a foreign entity registered to do business in a U.S. state. Given the penalties for failure to file, identifying reportable individuals and filing a reporting company’s initial BOI report is now a priority. This article from Kozusko Harris Duncan discusses some practical considerations for preparing a reporting company’s initial BOI report.

The importance of meeting U.S. tax and reporting deadlines cannot be overstated. With the IRS continuing to strengthen its efforts to enforce compliance with initiatives specifically targeting foreign information reporting, this U.S. reporting checklist by Kozusko Harris Duncan can help family advisers and trustees of foreign trusts determine what if any U.S. reporting will be due.

It’s a big job when it comes to choosing a technology platform to replace a platform that no longer meets your business needs and objectives. With a decision this important, you need to be confident that the new platform supports your multi-year benefits strategy, and that the vendor you select will meet your needs today—and in the future. To help with the selection process and evaluation, use these questions as outlined in the checklist provided.

The issue of concentrated low-basis holdings is a challenge that has vexed wealth managers and their clients for decades. Put simply, if a large majority of your wealth is concentrated in a single position, should you sell some of it and move the proceeds to a more diversified portfolio of investments? However, the sale position oftentimes carries enormous unrealized capital gains with a huge tax liability. But over the years, new ways of looking at the concentrated position have evolved to provide a more robust and meaningful solution.

In this podcast episode of, litigation attorney Eddie Jauregui is joined by corporate attorney Michael Titens to discuss a federal court decision involving the Corporate Transparency Act (CTA). In the case, the plaintiffs challenged the constitutionality of the CTA and Congress' ability to enact it, with the court ruling against the government in each argument. Listen to the podcast to gain more insight on the CTA, the extent of the court’s order, the potential for government appeals, and further legal proceedings regarding the act's validity.

In the field of family wealth, increasing attention is being paid to the human capital element. With the needs extending beyond the reach of the quantitative disciplines, family mental health has become an integral part of protecting and fostering the wellbeing of the family—the most valuable family office asset. From this paper, you can learn more about how to build a safe, supportive, and resilient family culture by investing in family mental health.

While the market for private sales has slowed, private equity companies have record amounts of dry powder they need to put to work—for the right companies, this may be the ideal time to explore a business sale or capital raise. In this podcast episode of Business Insights, Terry Hill, Partner in BPM’s Advisory Practice, is joined by Tara Smith Kacher, Managing Director at Cowen Inc. Together, they discuss what strategic buyers are looking for and how companies can best position themselves for M&A transactions.

From one family office to another, the ‘top spot’ or Family Office Leader will go by different titles that include Head of Family Office, Managing Director, and Chief Executive Officer. And while the position will never be the same with professionals adjusting to the Family Office it serves, there are ideal competencies, qualities, and even qualifications that you can look for in your search for the ideal Family Officer Leader.

In the world of Family Offices, anything is possible and the professionals hired to do the unthinkable have to be problem solvers, agile, and absolutely committed to the cause. Most importantly, they have to be the right Cultural Fit, which most Family Office professionals believe is more important than qualifications in the hiring process.