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Strengthen Your Family Business With a Family Governance Plan
BNY Mellon Wealth Management
Most family businesses take on the characteristics of their founder or founding family, especially in their formative years. As the company grows, the family expands and the founder begins to
Under-Saved and Overconfident
Asset Consulting Group
Over the past 40 years, creating and maintaining financial security has become more of a personal endeavor. Despite record aggregate levels of U.S. wealth, large portions of the population appear
Expect More Class Action Lawsuits after CCPA
Rob Rosenzweig, Risk Strategies Company
With the implementation of California Consumer Privacy Act (CCPA) set to go into effect January 1, 2020, anyone doing businesses with California residents should not only be preparing their digital
How to Make a Family Business Last Generations
BNY Mellon Wealth Management
Thomas Calandra, who is in his mid-twenties, is the owner of Calandra Enterprises. At least that’s how he introduces himself to customers and clients of the bakeries, hotels, and restaurants he
The Internet of Insecure Things is Changing Risk Profiles
Aaron Turner, Risk Strategies Company
While far-reaching cyberattacks targeting the Internet of Things (IoT) devices hasn’t happened yet, it will in the not-too-distant future. Given the rapid pace of change and possibility, cyber
Get the Most From Your Board of Directors
BNY Mellon Wealth Management
A board of directors is more than just a legal formality that meets four times a year. When used to its full potential, a well-designed board can help you grow your business, serve your
From Philanthropy to Social Investment: A New Way of Giving
BNY Mellon Wealth Management
As philanthropists come to think of themselves as social investors, non-profits must also redefine themselves as “for-purpose” institutions that can aid in identifying opportunities
National Fine Art Practice: State of the Market
DeWitt Stern, a Division of Risk Strategies Company
The Fine Art insurance market is beginning to harden. Personal insurance companies are offering less coverage in catastrophic areas and Lloyd is closing some of their business units, including some
The Impact of Global Reporting Requirements on Multinational Families
BNY Mellon Wealth Management
There is a growing desire to combat money laundering as part of the ongoing worldwide efforts against terrorism, and a crackdown on tax evasion has been recognized as one way to satisfy the urgent
It's Time to Get Smart about Your Social Media Exposure
Bob Courtemanche, Risk Strategies Company
Posting fabulous vacation moments on Facebook—from a boat in Belize, to the top of a mountain at Chamonix—might be a fun way to share experiences with your friends, but it’s also a