There are several ways you can help your clients reduce their tax burden and increase the money available to help those in need, especially at year-end. If your client has received a bonus, a windfall from selling a business, or an inheritance, this is an opportune time to set up a tax-efficient vehicle to make…
Jewish Communal Fund study identifies gaps and opportunities for successfully advising the UHNW multigenerational family Jewish Communal Fund has released its comprehensive report, “Bridging the Generational Divide: Advising the Multigenerational UHNW Family and Retaining the Next Generation,” based on surveys and in-depth interviews with advisors who service the single and multi-family office sectors. Almost…
Time is running out for clients to lock in their charitable tax deduction for 2020 Back in 2018, many personal exemptions vanished including deductions for moving expenses, alimony, and unreimbursed employee expenses. In addition, a $10,000 cap on deductions for state and local taxes affected many people. As the dust settles from the election, it…
by Kathleen Hays, Global Economics and Policy Editor for Bloomberg Television and Radio Jay Powell led the Federal Reserve in one of its most dramatic policy reversals in recent history in 2019. After hiking rates four times the year before, the Fed suddenly paused in January. And then in July it cut its key rate…
As the field of wealth management continues to see growth in robo-advising and digital platforms, the ability to add value to the client relationship by offering a higher level of service is more important than ever. Advisors who take the time to get to know their clients can use this deeper knowledge to create a…