Category: Industry Tips

Family Offices

How to Get Rich? Make a Lot or Save a Lot?

How does someone achieve financial security or even get rich? Is it by earning a lot or by scrimping, exercising thrift and saving a lot? Bloomberg Opinion writers Nir Kaissar and Barry Ritholtz met online to debate.

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Family Offices

5 Ways to Find the Right Prospective Clients

Building your business requires new clients – we all know that. But, how do you find those clients? One of the largest challenges any advisor faces, whether new or expe­rienced, is building and maintaining a prospect list. The standard suggestions on how to do this aren’t bad—many, if not most, advisors succeed using standard practices—but I have found a few tweaks that make the standard suggestions more efficient.

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Family Offices

Edward Jones: How We’re Adapting to the COVID-19 ‘New Normal’

No organization could have anticipated the unprecedented global implications of COVID-19. The swift and relentless nature of the pandemic impacted the global economy in ways not seen during previous crises. Businesses across all industries were faced with critical decisions as they executed business continuity plans.

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Family Offices

Having Your Cake And Eating It Too—Self-Settled Trusts

A self-settled trust, as it is referred to in the estate planning community, is generally an irrevocable trust that allows the creator (commonly referred to as the “settlor” or “grantor”) to be one of the beneficiaries, while providing many of the same benefits applicable to trusts where only family members are beneficiaries. Such benefits include building wealth outside of the taxable estate of the settlor, multi-generational planning, protecting family wealth from any potential future creditors and consolidating wealth management.

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