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The IRS recently released the April 2020 interest rates used for estate planning purposes. As expected based on recent market conditions, these rates are at or near all-time lows. These low rates, combined with potentially-depressed asset prices and temporarily-high estate and gift tax exemptions (currently over $23 million for a married coupl...

As COVID-19 continues to disrupt the world, it’s vital to follow the World Health Organization's and the U.S. Centers for Disease Control and Prevention's guidelines to prevent the spread of the disease. Know the facts on COVID-19, including what it is, what is the incubation period, how it is transmitted, and what is the reprodu...

The impact of COVID-19 on our communities is only just starting to come into focus. No matter what happens from here, the damage will be dramatic. Many nonprofits that have not traditionally made grants to individuals are asking if they can do so, and how. With a little bit of planning and advice up front, disaster relief grants to individuals can ...

This is not “business as usual.” Organizations of all sizes and spanning virtually every industry are being heavily impacted by the COVID-19 global health crisis. As you assess the short- and long-term implications for your business or organization, you may find that you or a third-party partner is unable to perform the essential terms ...

As the human and economic toll of the coronavirus mounts, no sector of the economy has been immune from the downturn, and this includes family offices. Depending on the size and scope of the family office, there are a number of factors—including human capital, data, and cybersecurity and technology management—that need to be considered ...

What started as a China-specific issue is spreading fast across the globe for one business after another. One estimate says organizations may lose up to $1.1 trillion before the COVID-19 tragedy ends. Korn Ferry experts believe leaders must rely on agility, transparency, and forward-thinking strategies throughout the crisis.View the video seri...

For the last three decades, success for an asset manager was simple: generate returns. But with a maturing industry going through disruption, the formula for success is no longer clear. To evolve their business models to meet market pressure and consumer demands in a bifurcated industry, asset-management leaders need to keep talent fully engaged an...

Black swan events—like the 2008 financial crisis and the COVID pandemic—often come with high velocity and are slow to recover. While these events are difficult to predict, the best way to get ready for the next crisis is with extreme preparation. Looking ahead with intentional risk management, here are 8 ways to prepare your business, family enterp...

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") was signed into law. The CARES Act provides emergency assistance to individuals, families, and businesses affected by the COVID-19 pandemic. The CARES Act is divided into two divisions: Division A includes programs to benefit individuals, companies, an...

With unprecedented health concerns and economic uncertainty at the forefront of everyone’s mind, Edward Marshall sat down with Richard Perez, to provide guidance on how to put these events into perspective. Edward shared tactics on how to weather environments like those we are experiencing such as:Putting uncertainty and market volatilit...

Given the far-reaching business impacts of measures already taken to control the spread of the COVID-19 virus, many companies are looking to their insurance policies for potential responses to the ongoing financial loss. This guide provides an overview of some key coverage, claims, and risk management areas that are currently top of mind for busine...

The unprecedented speed, intensity, and uncertainty of COVID-19 has created a host of new and complex challenges for wealthy families that are playing out across both financial and family dynamics. There's no doubt it is a financial and business challenge, but it is also a very human one. To assist family office leaders and the families they su...

Liquidity risk is a critical issue for investors, and it has been heightened in the COVID-19 environment that has brought on the end of the bull market. We take a closer review of the factors that have changed market liquidity conditions over the past decade, how the “new liquidity reality” has impacted several markets during the recent...

The COVID-19 pandemic presented the entire world with unprecedented challenges. Although it may be uncomfortable to contemplate, the reality of the growing necessity of funeral planning presents family offices with a sudden and unexpected series of events that must be faced.

The internet and mobile networks continue to hold up well in an unprecedented surge of people working, studying, and streaming from home. But amid the COVID-19 quarantine, there is increasing concern over how long the infrastructure undergirding the internet and mobile connectivity will hold up. As family offices around the world face the new reali...