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As we approach the end of 2023, you should aim to maximize your opportunities to transfer wealth to your children or grandchildren, accomplish your charitable goals, and engage in smart income tax planning. With that in mind, here is a checklist of five action items to consider before year-end: 1. Make Annual Exclusion Gifts The IRS gives you a gift tax annual exclusion each year, and in 2023, the annual exclusion is $17,000 per donee. This means that you can gift up to $17,000 per donee withou

What Is a Hedge Fund? A hedge fund is a pool of money from both established individuals and large organizations, which is controlled by a hedge fund manager. The hedge fund manager uses various strategies with the goal of generating high returns on the capital.  { "@context": "https://schema.org", "@type": "DefinedTerm", "@id": "DefinedTerm", "name": "Hedge Fund", "description": "A hedge fund is a pool of money from both established individuals and large organizations, which is

Growth Fund Definition A growth fund is an investment vehicle, typically offered by mutual fund corporations or Exchange-Traded Fund (ETF) providers, that primarily invests in equities poised for above-average earnings growth and share price appreciation. The primary objective of a growth fund is capital appreciation by channeling investments into companies projected to experience exponential growth. Large Cap or Blue Chip Growth Funds Large cap growth funds specialize in investing in large cap

Acquisition adds Key Growth Leadership in Advisor Frank Marzano, strengthens firm’s East Coast footprint New York, September 26, 2023 – Wealthspire Advisors LLC, an NFP company and independent registered investment adviser (RIA), today announced a signed agreement to purchase GM Advisory Group, Inc. (GMAG), an RIA serving clients across the U.S. GMAG manages approximately $3.0 billion in assets, advises on an additional $3.3 billion in assets, and maintains a presence in Boca Raton, Florida, Ne

As financial advisors, we have the privilege of working with numerous families, witnessing their triumphs, heartbreaks, milestones, and life transitions. Over the years, one consistent theme has emerged - the reluctance, and sometimes outright fear of, discussing financial matters between generations. The topic of money remains a sensitive one, entwined with pride, independence, and often secrecy. Parents, particularly those who have built significant wealth, grapple with how and when to share

Self-employed individuals have multiple options to save for retirement and invest in a tax-efficient manner. One of those options, the Solo 401(k), can be particularly attractive to entrepreneurs running their own business, including those with both a 9-to-5 corporate employer and a “side-hustle” that earns them additional income. What is a Solo 401(k)? A Solo 401(k) plan, also commonly referred to as a solo-k or uni-k, is just like any other 401(k) plan, but is designed to cover a self-employe