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The U.S. Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (Division) issued a no-action letter providing family offices relief from commodity trading advisor registration, in connection with advisory services they provide to family clients.In order to receive relief, a family office must submit a claim...

This perspective from the Glenmede CIO discusses asset returns and the business cycle, trends in economic growth and a review of valuations, business cycles and asset returns. Investors gauge how to proceed based on short-term indicators and valuation signals similar to the game "Red Light, Green Light". For the past five years...

Deutsche Bank's Year-end Outlook provides an interview with Larry Adam, CIO and Chief Investment Strategist - Americas. Topics include the state of the U.S. economy and the major drivers of economic growth, the outlook for interest rates and its effect on stock, bond and emerging markets.

While the large federal exclusion may mean that many people no longer have federal estate tax issues, they may still have state estate tax issues. The challenge is balancing the desire to mitigate estate taxes with maximizing a basis step-up for appreciated property at an individual’s death. Put differently, planning has gotten harder, not ea...

The December issue of CIO View includes key economic indicators and articles: Closing the Investment Gap: Since 1990, net investment rates—that is, net investment relative to GDP—have plummeted in developed economies. These rates fell sharply during the financial and economic crisis in particular.&n...

This article excerpt Atlantic Trust Private Wealth Management provides an overview of the most common security issues, provides points about bank security measures and offers 6 steps to mitigate online security risks.

The global economy has come a long way from the nadir of the 2008/2009 financial crisis. Now in the sixth year of positive economic growth, the expansion is longer than the historic average, but still showing signs of being relatively youthful. Of particular note are the disparate economic conditions across the globe. Europe and...

This report documents how the family office has fast emerged as a viable structure from which to manage the assets of wealthy families in Asia. The rapid growth of the UHNWI population in the region and the tax-friendly environment and robust capability provided in regional financial hubs suggest a further expansion of the industry in years to come...

The Association of Southeast Asian Nations (ASEAN) is comprised of 10 members whose individual social, economic and political characteristics are the underpinnings of the Association’s collective prosperity. Frequently overshadowed by its more prominent neighboring countries, particularly China and India, ASEAN continues to emerge as an area ...

In 2013, the International Consortium of Investigative Journalists (ICIJ), a nonprofit group of reporters, shattered the long-held view that offshore bank secrecy was impenetrable. The group had received massive leaks detailing individual offshore bank accounts, which they shared with the public on their website. This was the first of hundreds...

The sharp drop in oil prices may have provided a powerful boost to global consumption, but economists are concerned that on a global scale, especially in the Eurozone, that the effects of low inflation might continue in the long-term.The research article provides a deflation risk index that distinguishes countries where external disinflationary eff...

This report provides a historical review of past economic conditions for 2013 and 2014, and illustrates what might be in store for investors in 2015 by asking five key questions. Those questions include: Will US equities continue to outperform? Is the macro environment in Europe getting worse? What impact will diverging monetary policy have o...

The American Tax Payer Relief Act of 2012 (ATRA) was passed on New Year’s Day 2013, and established the first permanentset of estate, gift and generation skipping transfer (GST) tax provisions in 12 years. Each year, the administration puts forth tax proposals that may change the current law. This article provides a quick summary of sev...

The Swiss National Bank removed the EUR/CHF 1.20 floor on January 15, 2015, which had been in place since September 2011, while cutting further the 3-month interest rate target (to between -1.25% and -0.25%). This research paper provides analysis into the potential outcomes of this move by the SNB to the Swiss economy, and illustrates the def...

Some years make indelible stamps on our consciousness for memorable market trends or events, good or bad. Investors’ conversations are dotted with references to 1987 (Black Monday Crash), 1999 (tech stocks through the roof), 2000 (dot-com bubble bursts), 2008 (financial crisis) and 2009 (bounce back off the bottom) that need little or n...