White Papers & Articles

Who Says You Can't Take it With You? Caring for your Collection—In the Afterlife

I don’t know about you, but I really like collecting things. I’ve been a collector my entire life. Stamps, coins, books, antiques, cars, artwork—my interests keep changing, but each one has fed a lifelong hunger to learn, to beautify my surroundings, to own a little piece of history.

Building a Legacy - An Introduction to Multigenerational Wealth Planning

How do you preserve family wealth across multiple generations? It's not easy—it takes work. Sustaining a financial legacy can be a surprisingly complicated task, fraught with emotion and difficult decisions. More resources don’t necessarily ease the burden either. Often, greater wealth means even greater complexity in the form of additional beneficiaries, investment opportunities, and estate planning strategies. It may then come as no surprise to learn that in approximately two-thirds of cases, family wealth is exhausted before the end of the second generation.

Investments of Passion - Turning Pastimes into Profits

For most investors, the traditional foundations of comfortable living include a secure nest egg, a viable plan for long-term healthcare, and a dream home (or two). But for a growing number of affluent people, part of "living well" now includes investing time and money in hobbies, pastimes, and passions that can make their lives more fun, stimulate lifelong learning, and forge friendships with fellow aficionados. 

Q4 2014 Market and Economic Update

Here we are, over ten months into the year, and much like 2011, U.S. equities and bonds are the leaders of the pack. We still see non-U.S. and emerging market equities, commodities, and non-U.S. debt lagging. This is in part because of a knee-jerk, risk-off shift that started in September, and is also a result of a stronger U.S. dollar. Earlier in the year, low volatility lulled most investors into a comfortable slumber, riding U.S. equities’ low volatility uptrend. Investors have been jolted awake, however, as September and October have proven turbulent. 
 

2014 Market and Economic Update:

Will Equity Markets Sputter Or Can They Continue Their Torrid Pace? If one were to extrapolate the annual return based on the first quarter return of the S&P 500 Index (+1.80%), we would end up with a return of approximately 7.4% for the year. Disappointing as that might be—especially after a 30%+ year in 2013—it is much closer to the historical average.

2014 Economic and Investment Outlook

2013 will be remembered as the year of U.S. Equities. With returns topping 32% year-to-date, there was no better asset class. Non-U.S. developed markets (Europe and Japan) were also top performers, putting up a combined 23.3% for the year-to-date period. After that, however, the returns dropped off for other asset classes. In fact, relative to historic performance, high-yield bonds, real estate, U.S. investment grade bonds, emerging markets equities, emerging markets bonds and commodities all disappointed. Looking back, we will categorize 2013 as the year when the U.S.

2013 Year-End Tax and Estate Planning Tips

It’s December 2013 and therefore a good time of year to make sure you are set with your 2013 tax and estate planning goals. This bulletin will provide some helpful tax tips, give you food for thought for year-end planning, and possibly spark some conversations between you and your advisors.

Why We Diversify

Risk is frequently defined as the possibility of suffering harm or loss. That definition seems straightforward enough—avoid taking any risks and you will be spared any losses. Yet the investment world presents a conundrum. The safest approaches (such as holding only cash or short-term bonds) will often be insufficient to meet financial goals and objectives, yet investing solely in the riskiest assets (such as stocks) can be hazardous. Some measured amount of risk must be taken, and a broader approach to the subject as it relates to investing is worth exploring.

The Affluent Marketplace Intensifies—Challenges and Opportunities Ahead

The investment advisory arena continues to be as dynamic as ever. Traditional providers of advice and services to the high net worth investor (HNW—$500,000 to $10 million investable assets) are experiencing unprecedented challenges. For more information about Catapult by Convergent™ Intiative, click here.

 

Achieving Tax Benefits through the Inter Vivos QTIP Trust

With the passage of the American Taxpayer Relief Act of 2012 (“ATRA 2012”), the $5 million of gift, estate, and generation-skipping tax exemptions for each individual are now permanent (and adjusted annually for inflation). However, family dynamics such as second marriages may still present a roadblock for effective planning. This paper addresses a planning technique designed to allow a taxpayer to take advantage of a married couple’s exemptions while allowing the donor spouse to maintain some control over the ultimate disposition of wealth.

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