Posting fabulous vacation moments on Facebook—from a boat in Belize, to the top of a mountain in Chamonix—might be a fun way to share experiences with your friends, but it’s also a great way to let bad actors know your home is empty and ripe for a break-in. Similarly, broadcasting details of a college semester abroad on Instagram increases the risk of a kidnapping for ransom. With some commonsense ways, families can strengthen their digital security and help their children get smart about their social media usage.
Macro Trends
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Are you considering a profits interest structure? Have you had one for a while and wonder how others manage theirs? Many families have spent time in the last year working with their accounting and legal teams to evaluate their current structure and weigh the pros and cons of moving to a profits interest. This session provides an opportunity for those of you who either have a profits interest structure or are considering one to share your experiences and pose questions to your peers in similar circumstances and technical experts to leverage the wisdom and experience of the group.
Year 2019: 10-Year Capital Market Return Assumptions
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When developing capital market assumptions, most forecasters start with assumptions around two of the most fundamental economic variables: growth and inflation. Research indicates that demographics influence both growth and inflation for a given region. The supporting data behind the phenomenon and other initial baseline assumptions outlines our capital market return forecasts for approximately 50 asset classes around the world for the next 10 years and are intended to guide investors in developing their long-term strategic asset allocations.
Jeff Raikes, co-founder of the Raikes Foundation, and Fred Kaynor, Vice President of Marketing and Business Development for Schwab Charitable, discuss a strategy that can help donors increase their charitable impact. Jeff outlines three important tenets:
If you are a global family and are considering an investment in the United States, you may have questions about the U.S. tax rules. Through a series of 10 key questions, answers are provided to help the non-U.S. individual investor better understand the U.S. tax system. Other takeaways, including reporting obligations and privacy concerns, may help mitigate the unintended application of U.S. tax.
U.S. Labor Market – How Low Can Unemployment Go?
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Millions of new jobs have been created since 2010, with unemployment close to its lowest level since the late 60s. Though the U.S. has experienced one of the longest economic expansions ever, wage growth has been modest. Technological innovation and the impact of the Great Recession has altered labor market dynamics.
SCOTUS Rules that North Carolina Tax on Certain Trusts Violates the Due Process Clause of the Fourteenth Amendment
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On June 21, 2019, the Supreme Court of the United States issued a unanimous opinion finding that North Carolina’s imposition of an income tax on trusts based solely on the residence of a trust’s beneficiaries is unconstitutional. While Kaestner 1992 Family Trust presents an obvious win for taxpayers, its application beyond the state of North Carolina could be limited.
Holistic financial planning is critical to family wealth management, and balancing financial and family issues is at the center of the process. Today’s Family Office requires highly skilled professionals to address changing tax policies, longer lifespans, and increasingly complex ownership structures and financial instruments.
2019 Wealth Planning Outlook
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2018 brought radical transformation in the federal tax landscape. The effects continue to cascade through the economy, and individuals, families and businesses are striving to find equilibrium amid the change. Of course, radical transformations can occur at the individual level as well. A good wealth plan anticipates personal disruptions, transitions and surprises. From this context, this annual outlook highlights six salient themes.
IPOs Ready to Launch
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Most companies begin life small and take on private investors as a means of enhancing growth through capital buildout or expanding marketing efforts. If successful, founders of the company or newer investors may decide to monetize the value they have created, or realize that access to more diversified funding is required.