Wealth Strategies

Transitioning Your Family Business to the Next Generation

Cathy Schnaubelt
September 20, 2018

Family-owned businesses are the backbone of the American economy. However, despite the job security and family legacy potential many of these businesses represent for the families that own them, the importance of careful succession planning is often overlooked. Indeed, only about 30% of family businesses survive into the second generation, according to the Family Business Institute.  ...
G2G Impact

Podcast: Mutual Fund Basics - The Power of Numbers

Ryan Christine Coulson
September 18, 2018

Although stocks and bonds are traditionally considered the building blocks of an investment portfolio, few investors have the time or resources to select individual securities themselves. Instead, mutual funds are widely used by investors to access a professionally-managed, diversified portfolio of securities without the requirement of a large investment. If you have a 401(k) account, you are...
Wealth Strategies

Legacy Planning: Developing the Rising Generation

Cathy Schnaubelt
September 13, 2018

One of the many challenges high net worth families face during the estate and legacy planning process is knowing when and how to educate and prepare their children for the wealth they are set to inherit. While today’s rising generations—millennials in particular—may have a solid grasp of financial management concepts, wealth literacy is very different than financial literacy. Helping younger...
Wealth Strategies

Tax Savings and Retirement Planning for Small Business Owners

Mark Cassell
September 11, 2018

If you are self-employed, you know that owning your own business takes a large investment of time, money, and hard work. You dedicate all your resources to building a successful company, but success is often a double-edged sword. The more money you earn, the more taxes you owe as a portion of your overall income. And, your progress towards retirement may stagnate as your focus shifts to more...
Wealth Strategies

Best Practices for Integrated Family Wealth Planning

Cathy Schnaubelt
September 06, 2018

Legacy planning is an opportunity for families to define their values while creating long-term objectives to their wealth. While preserving wealth and developing an effective approach to pass it from generation to generation is often a challenge, sometimes the most difficult aspect of legacy planning is knowing when and how to integrate younger generations and trusted advisors. When it comes...
G2G Impact

Podcast: Life Insurance Basics: Who Says You Can’t Buy Love?

Josh Miller, CFP®
September 04, 2018

Understanding how much and what type of life insurance to purchase—and the various ways you can use the proceeds—may help give you peace of mind that your loved ones will be supported, even in your absence.
Wealth Strategies

Establishing a Healthy Family Wealth Culture

Cathy Schnaubelt
August 30, 2018

Culture is widely considered to be one of the most important elements of a successful business. It’s also critically important for any family—especially when creating a long-term wealth plan and sustainable legacy.
Investments

What Makes Variable Rate Demand Notes Stand Out?

Dan Skolochenko
August 28, 2018

In general, VRDNs have three key characteristics that distinguish them from other municipal bonds:
Wealth Strategies

Legacy Planning: Getting Started

Cathy Schnaubelt
August 23, 2018

If you are beginning the legacy and estate planning process, your first concern may naturally be how to maximize what you give to your family and favorite charities by minimizing what you pay in taxes. However, your legacy is not just about increasing the financial wealth that you hope to pass on to future generations. While this objective can usually be met through careful and collaborative...
G2G Impact

Podcast: Stocks and Bonds

Ryan Christine Coulson
August 21, 2018

If you are just beginning to invest your money—or simply thinking about it—the proper mix of investments depends on your unique circumstances and goals. Factors like age, current income and earnings potential, and the amount of credit card or student loan debt you may have will all impact this decision. Although there is no one-size-fits-all approach to investing, understanding the key...
Investments

Going Deep in the Name of Due Diligence

Matt Scherer, CFA
August 15, 2018

Stabilization of the U.S. dollar, progress on trade agreements and signs of a recovery in the emerging markets all contributed to solid returns for the month.
Wealth Strategies

Working With a Family Office After Selling Your Business

Mark Cassell
August 15, 2018

For a small business owner, succession planning can be an emotional and complex decision, especially if you do not plan to keep your business within the family.
Investments

Understanding Premium Bonds

Dan Skolochenko
August 14, 2018

As a long-term investor, you may choose to include fixed income in your investment portfolio for a variety of reasons, such as capital preservation, income generation, or a combination of both.
Wealth Strategies

Financial Elder Abuse: The Dark Side Of Aging And Finances

Cathy Schnaubelt
August 09, 2018

According to the National Adult Protective Services Association (NAPSA), one in nine seniors has reported being abused, neglected or exploited within the last year, and one in twenty seniors has indicated some form of perceived financial mistreatment.
Wealth Strategies

Wealth Management Strategies After Selling Your Business

Mark Cassell
August 08, 2018

If you have recently sold or are considering selling your business, working with your advisor to ensure that your wealth management plan is aligned with your post-sale goals can help protect your assets and provide a financially secure future for you and your loved ones.