Tag: Personal CFO
Diversifying Bank Exposure: Exploring Alternative Cash Options Amid Shifting Market Conditions
Our team has compiled an overview of alternative options to holding cash in light of recent events in the banking sector and overall market conditions.1 Options that a depositor may want to consider for diversifying bank exposure include: FDIC and SIPC Insurance Programs For Banks and Brokerages Federal Deposit Insurance Corporation (FDIC) Banks maintain FDIC […]
LOWERING THE RISK OF FINANCIAL FRAUD FOR FAMILIES OF WEALTH
Glancing up from my desk on the 16th floor of Geller’s headquarters, my gaze is instinctively drawn to the eye-catching property located literally across the street. Midtown Manhattan’s iconic Lipstick Building hides an ugly secret. For it was there where, as The New York Times put it, “Wealth went to vanish”.
The Big Picture: Astute Art Management Is an Important Component in Maintaining the Value of Passion Assets
In November 1987, barely three weeks after what remains the single steepest crash in the history of Wall Street, Vincent van Gogh’s iconic painting Irises went under the hammer on Manhattan’s Upper East Side. Amid frenzied bidding mere miles from where the previous month’s ‘Black Monday’ mayhem unfolded on the New York Stock Exchange, the masterpiece sold for a world record-shattering $53.9 million.