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Lawmakers are well aware of the significant contributions to economic and job growth made by small businesses. As a direct incentive for starting and investing in small businesses, Congress has provided varying levels of beneficial treatment in the tax code for Qualified Small Business Stock (QSBS) since 1993. With the recent tax laws, including th...

Many wealth management clients often want to know how to prevent their children from becoming entitled. Specifically, they’re concerned that their children will rely on family wealth instead of forging their own paths to success and will lack an understanding of money beyond how to spend it. Moreover, parents may inadvertently seed entitlement in t...

If you are a business owner, one thing is certain: At some point, you will exit your company. In order to leave—on your terms and when the time is right—you should begin to design your plan now in order to achieve a successful outcome. Many owners often believe that their exit plan begins when they receive an offer for their business. T...

Cannabis is one of the most promising industries emerging today and has the potential to impact and reshape the global, social, and business landscape. In this report, a spotlight is shined on the most pressing investment issues and trends facing the cannabis industry to help investors, companies, and investment banks navigate risk in the fast-movi...

One core belief held about the blockchain industry is that every stock, bond, currency, and commodity will eventually be digitized (also known as tokenized). This investment thesis is one that has large-scale implications, but the rewards will only be realized by those who are patient enough to stick around for a long time. As Bill Gates says, &ldq...

Finding the right single family office (SFO) talent takes time and preparation. With the right approach and a strong network of supporting expertise, it is possible to find the right leader who captures that rare trifecta of SFO talent needs: (1) technical acumen in investments, legal structures, and accounting; (2) strong interpersonal skills incl...

Single family offices (SFOs) have long been an established way for wealthy families to create accountability and structure around the myriad needs of family members. Yet decades of experience have revealed that families too often fail to recognize—or choose to ignore—early signs that an existing SFO structure is cost-prohibitive or fail...

There’s no denying that the looming transfer of wealth will be great—the largest in history. However, for all the hype and years of coverage, the Great Wealth Transfer is more like the Great Wealth Trickle. Even as a trickle, for wealthy families focused on preserving their legacy over generations, it’s impossible to overstate the...

In practice it can be challenging to find an advisor who is truly independent and has your best interest at heart. As part of your due diligence and investment advisor selection and oversight process, it’s a good starting point to check if the advisor has a Code of Ethics—one that underscore the importance of avoiding activities, interests, and rel...

As with any important undertaking, the first steps are critical. Nowhere is this truer than when building a second home. Failing to make the right moves early often spells disaster. You can avoid the headaches and build the home of your dreams more easily than you might think. Follow the five essential steps—including assembling the right tea...

U.S. equity performance relative to other equity markets has been unusually strong for the extended period since 2009. As is typically the case, investors have developed a battery of reasons why the lofty valuations of U.S. equities are justified and why they will continue to outperform other markets for the long run. In this edition of VantagePoin...

Interest in sustainable investing is growing each day as wealth owners, families, and family office professionals start down the path of sustainability investing. This paper details the typical path these investors take, the questions many of them face, and the way many of them successfully develop a winning strategy that generates both return...

When evaluating and trying to find the right insurance advisor or company, it helps to have a map outlining the RFP process and a checklist of best practices. Learn where to start in your search and avoid getting the wrong results.

When it comes to trust mapping or developing an estate distribution summary for a family, it is critical to align the family’s expectations with the level of overview they want to see. A list of best practices, an example of a simplified estate distribution summary, and a detailed trust map are provided as guidance. The goal is to have a one-page p...

Every year, life insurance carriers capture approximately $25 billion of economic value from policy owners and trust beneficiaries when the policies of older insureds are surrendered or allowed to lapse. Of that amount, high-net-worth families forfeit around $10 billion because they weren’t aware of how they could recapture the value of those...