Category: Wealth Management
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Nothing Succeeds Like Succession Planning: 7 Perilous Pitfalls and Golden Nuggets for Family-owned Businesses to Know when Passing the Torch
At this summer’s Olympics, the U.S. men’s 4×100 meters relay team’s attempts to win gold once again ended in ignominy when they suffered early elimination after botching the very first baton pass. A one-off debacle? Hardly. It was, astonishingly, the eleventh time since 1995 that a quartet of elite American sprinters were either disqualified or…
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What is Private Wealth Management?
Are you expecting to come into, or have you recently come into significant wealth? If so, you may be wondering how to best manage that wealth—and which professionals are best suited for the job. Private wealth management (and private wealth managers and advisors) might be the right fit for you. Private wealth management involves comprehensive…
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Fundamentals of Wealth Longevity Part I: Understanding What and Where Your Assets Are with Meghan Grainer
Scroll to the bottom of this article to see the glossary of terms. They say, “The best time to invest is yesterday. The second-best time is now.” It’s never too late to take charge of your financial future by being well informed about the fundamentals of money management. A report recently revealed that over half…
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“To Prenup or Not to Prenup?” with Jenifer Foley of Alter Wolff Foley & Stutman
This summer certainly lived up to its perennial reputation as prime time for weddings. At the start of the season, a multibillionaire media mogul walked down the aisle with his bride at a lavish ceremony in Los Angeles. That the groom was marrying for the fifth time and is now 93 carries important lessons for…
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Insider Conversations: Aligning Your Values to Your Giving Strategy
Paul Cummings: Welcome to Geller’s Insider Conversations on Intentional Giving. I’m Paul Cummings, Managing Director at Geller, and I’ve had the pleasure of working with philanthropically inclined families for decades. I’m here with Lauren Rutkin, Strategic Initiatives Manager for Geller. And for the past 15 years, Lauren has been in charge of leading family foundations.…
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Presidential Elections: What Actually Moves Markets?
The level of tension and anxiety regarding the upcoming election is palpable. A recent post in the Wall Street Journal that discusses Taxes, Tariffs, and Debt, mentions some investors are looking to move to the sidelines in anticipation of the upcoming 2024 U.S. Presidential Election. Is this a wise decision or are investors misguided? Through…
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Too Few Executives are Asking for Stock Options: How and Why That Needs to Change
Talk about leaving money “on the table.” The current darling of the “Magnificent 7,” Nvidia, the microchip manufacturer that is helping to drive the AI revolution, has seen its market capitalization shoot up to $2 trillion just 180 trading days after hitting the $1 trillion mark.[1] However, according to Nvidia’s own public filings, NONE of its executives…
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Understanding the Different Types of Family Office Structures & Deciding Which One is Right for You
What factors drive wealthy families and entrepreneurs to establish family offices? Is it simply viewed as a status symbol, social expectation, or a cultural rite of passage? For some, definitely. But for the majority, the family office is a necessity grown from important life events. If you are experiencing any of the following situations, a…
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Six Steps to Becoming More Financially Aware
Over the past few decades, women have made huge economic strides, amassing wealth and achieving more leadership positions. They now control over a third of household assets, valued at over $10 trillion as of 2022.[1] Having a more equitable slice of the pie doesn’t just improve women’s personal wellbeing; it also gives them tremendous leverage…
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Wall Street Journal Feature: How to Make Sure Your Second Home Doesn’t Become a Tax Trap
When considering moving out of a high-tax state, be mindful of state-tax laws through proper planning and record-keeping. Geller’s Allen Injijian, Head of Wealth Strategy, offered his insights to The Wall Street Journal in this article, which covers: Read the full article on Wall Street Journal here. To hear more from Allen on this topic,…