Wealth Management, Finance & Investing Blog

As a partner in a private equity (PE) firm, you have a financial interest in the fund that comes in two parts: a capital interest and a carried interest. The capital interest grants you important ownership and distribution rights, but it does not have much potential to increase in value. The carried interest, on the other hand, is a speculative investment that could be worth multiple times its initial value if the fund is successful. Given these attributes, carried interest can be an attractive

Business owners spend years building their business into something that not only represents their passion and interests, but also is a significant asset contributing to their personal net worth. That being said, there is often little time devoted to how the value of the business fits into the owner’s personal financial plan. Understanding what you need from the sale of your business to have financial independence and security for you and your family is crucial. This is what you work so hard to

What Can an OCIO Help With? While hiring an Outsourced Chief Investment Officer (OCIO) may seem like it has a high initial cost, and may feel like you are possibly giving up control of your investments’ performance, it can actually be the opposite. Hiring an OCIO gives you access to experience and resources you may not otherwise have, while also freeing up time for other tasks and eliminating or reducing costs that will improve the value proposition and experience for the client. Learn more her

As you continue on through what has hopefully been an exciting start to the year, it’s important to check in with yourself and your finances to make sure you are on track to achieve your goals. The following calendar is meant to provide some small steps each month that you can take to remain focused on your big picture financial plan. While it is not exhaustive, think of it as a template awaiting your customization and remember to revisit each of these areas next year too. January - As you begi

A client of mine has been dealing with her aging father and his cognitive decline over the past few years. She has witnessed him go from a highly engaged and intellectually curious individual to being anxious, confused, and unable to perform basic daily functions. My client has worked hard to keep her father’s home life stable and routine, but as a working single parent of two, she is nearing a breaking point in her ability to continue providing his care. This story probably doesn’t sound new t

As advisors, we know that money is a leading cause of friction in many relationships, but it doesn't have to be. Creating and agreeing on a plan for financial balance will help ensure you both know what to do when money conflicts arise. Whether you're married or not, combining households means you'll need to address financial questions like shared bills, housing costs, and planning for the future. Communicate early and often to forge an economic partnership that helps support shared goals while

As we kick off a new year, many of us are focused on keeping our resolutions and achieving our goals for a happy and healthy life. If one of your resolutions was to get your financial life in order, you’re not alone. With interest rates rising and inflation at a 40-year high, making smart decisions about money this year is top of mind for many people. An important part of managing your finances is making sure your estate plan is solid and your beneficiaries are set up properly. Caring.com, in c

At the end of December, Congress passed the SECURE Act 2.0 as part of the omnibus spending bill. The Act does not result in any substantial planning changes the way the original 2019 SECURE Act did (which eliminated lifetime stretch IRAs, to our collective dismay), but it does make nearly 100 smaller changes to the tax code. These changes revolve around retirement plans and expand the use and flexibility of Roth assets ("after-tax" retirement dollars), expand the conditions under which retireme

Relationships are many things, and one of those things is a financial partnership. But what happens if one part of that partnership chooses to relinquish all decisions to the other? Due to lack of interest or lack of confidence, it is common for one partner/spouse to manage the financial decisions. However, this can be both problematic and risky for the non-financial partner. The best financial planning processes engage both members of a relationship. It’s critical to find ways to both educate

In the past, marriage was often considered the traditional next step as relationships progress and couples start planning for their future. Today, roughly half of the U.S. population is unmarried[i] - and more couples are opting instead for a domestic partnership, which is a legal relationship for people who live together and share a common domestic life. Domestic partnerships are common for later-in-life couples, couples who have previously been divorced, and non-traditional and/or same sex re

As Black Friday and Cyber Monday fast approach, it’s a good time to think about how much you really have available to spend this year on gift giving. Although delighting your loved ones with gifts can be exciting, no one likes a credit card hangover in January or the feeling of having overextended yourself at the expense of your own long-term planning goals. But you need not sink into debt in pursuit of the holiday spirit. Here are some ways to set cash aside for gifts. Create (or Automate) a S

2022 has been a challenging year for investors. Although this type of drawdown in equity markets is not uncommon, what happened in bonds has been unusual. In times like these, or any time we experience market volatility, the natural reaction is feeling the need to “do something.” What we have seen time and time again though, is that doing something when markets are causing the greatest pain is rarely productive when it comes to meeting long-term planning needs. Below are four reasons why stayin