When a family needs to add to their domestic staff, they often call upon their family office for assistance in overseeing the process. This paper from Mahler Private Staffing provides an overview of the steps involved in hiring domestic staff, as well as questions to ask when assessing search firms.
Family offices should develop an understanding of the requirements for health care benefit plans, implement the requirements on a timely basis and then continually monitor ongoing compliance.
The author explores the advantages and disadvantages of the outsourced CIO model relative to non-discretionary models and suggests how investors might think about choosing between the two models.
The SEC recently adopted Rule 13h-1, which imposes registration and reporting obligations on large traders. Private funds, family offices, investment advisors, and individuals all could qualify, depending on how actively they trade certain types of securities. The rule went into effect October 3, and large traders must identify themselves by Decemb...
The marginal utility of the Fed's tools is decreasing. And relying on that one agency to turn activity from the greatest recession on record does not seem logical. The rest of Washington needs to notice the economic malaise and work together to resolve some of the economic challenges we face.
The cost of President Obama's proposed $447 billion Jobs Act would be shouldered by wealthy individuals and their families. And while the proposed credits and deductions for businesses and workers are temporary, the revenue raisers would be detrimental by permanently changing the tax law.
Travel providers offer the destination expertise and global contacts to plan one-of-a-kind vacations. Beyond those two capabilities, in choosing a travel provider, look for someone who offers customized vacation planning, provides knowledgeable travel tips based on past experience, and offers 24-hour emergency assistance during the trip.
Beginning August 2, the Federal Aviation Administration will release registration numbers of all private flight operations unless a specified security concern is received. This reflects a change in the Block Aircraft Registration Request program, which since 2000 has allowed aircraft operators to prevent the general public from tracking their indiv...
The selection of an appropriate interior designer, architect, or landscape professional for a project is not unlike choosing other professionals as one always checks on reputation, appropriate licensing, and insurance. However, there are certain aspects of hiring talent that must be addressed to optimize the client/talent relationship.
Best-of-class medical care can be achieved only if all of a patient's caregivers work together across the continuum of care. It is important for patients to understand what should happen during the four key areas of care – case immersion, diagnosis, treatment, and follow-through – because research shows that mistakes occur most often when patients ...
Long-term care insurance can help wealthy families with a number of issues when a family member needs extended care. These include privacy through care coordination and staff training; improved family relationships with a written plan of care; liquidity and tax issues, and estate planning by allowing gifts as planned despite medical costs.
A new white paper from the Lindquist Group addresses household staffing needs under a variety of circumstances, offers best practices for hiring and terminating staff members, and provides tips and resources related to taxes, insurance, benefits and salaries.
While conversion to IFRS has benefits, the transition from U.S. GAAP to IFRS is significantly more than a technical accounting issue. In this article, Rothstein Kass provides a high-level overview on the adoption of IFRS for investment companies currently in conformity with U.S. GAAP.
Many affluent families are willing to spend significant amounts on out of pocket medical expenditures but want to maintain good protection from catastrophic medical expenditures. All families today need to plan for adequate coverage, especially when serious illness is diagnosed or when individuals face transitions which affect their coverage like ...
A consumer guide that provides basic training for navigating the healthcare system. To get the best care, consumers must be active partners in their care. The enormous growth and complexity of the healthcare system is one of the key drivers. Patients can no longer rely on their health providers to know every surgical or pharmacological solution.