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Wealth Management

Wall Street's Answer to Cancer

April Rudin | Posted 02.11.2016 | Business
April Rudin

It sounds almost too good to be true: making money by curing cancer? How can something so unequivocally good for humanity also yield a financial return?

Cofounder of Addepar Explains How It's Different From Other Startups

Quora | Posted 01.19.2016 | Business
Quora

I shouldn't speak directly for Wealthfront and Personal Capital and other great wealth management companies, but they seem to have started to compete with low-level RIAs (registered investment advisors) or else to farm off some of their work into a smarter, low-fee passive investment strategy. It is clear the industry is going to and should shift this way and I support what they are doing for the most part.

Project Manager That's State of the Art

Ella Thuiner | Posted 01.04.2016 | Business
Ella Thuiner

A project manager must keep a focus on practicality, no matter if he/she plans, manages or reports. The complexity and inter-connectedness of today's ...

Virtual Project Managers as an Innovation for Managing Operational Risks

Ella Thuiner | Posted 12.29.2015 | Technology
Ella Thuiner

Future project managers will work on a virtual basis that enables them to better focus on what matters as well as to monitor and control operational risks mindfully. The picture below shall illustrate the business-related processes behind a financial instrument (for instance, as used by hedge funds).

Millennipreneurs: Courting the Next Generation's 1%

April Rudin | Posted 12.17.2015 | Business
April Rudin

Everybody wants to crack the code when it comes to the millennials. The world's youngest generation of adults wields a huge amount of consumer spendin...

Preparing for Inheritance: How to Avoid Losing It All

Steven Abernathy and Brian Luster | Posted 11.10.2015 | Fifty
Steven Abernathy and Brian Luster

Wealth management usually comes in two parts: financial planning to increase and manage your wealth, and estate planning to protect and pass the wealth along to heirs with as few taxes as possible.

The Evolution of Family Offices

David Drake | Posted 10.28.2015 | Business
David Drake

As the family office market evolves, small family offices will continue to offer unique and specialized services to their clients as well as strategically partner with other offices, allowing them to fend off stiff competition from private banks while still delivering better value to their clients.

How to Grow Wealth Faster Through Proactive Risk Management

Parker Beauchamp | Posted 09.24.2015 | Business
Parker Beauchamp

There are now 10.1 million millionaires in the U.S., up from 9.6 million in 2013. At the current rate, nearly 500,000 people will become millionaires this year, ushering them into what is often considered the threshold for high net worth individuals (HNWI).

Jetting Into The Age Of The Jetsons For Wealth Managers

April Rudin | Posted 09.17.2015 | Business
April Rudin

So many of today's financial advisors are stuck in the outmoded era of a Fred Flintstone, when they need to fast forward to the high-tech tomorrow of the Jetsons.

Follow The Money: Sniffing Out Hidden Wealth Management Fees

April Rudin | Posted 09.14.2015 | Business
April Rudin

Financial advisors can be very creative about the fees they charge to clients in the distribution of investment instruments. Do you know what you are paying for? Are your advisor's interests aligned with yours?

A Man Is Not a Financial Plan

Emma Isaacs | Posted 08.06.2015 | Business
Emma Isaacs

Ever since I was really young I've wanted to be financially independent. I don't know where that came from, but for as long as I can remember I've wanted to be successful on my own, not rely on anyone else, and never have to worry about money.

Wealth - A Decent Ambition

St. Gallen Symposium | Posted 07.22.2015 | Impact
St. Gallen Symposium

We cannot take today's wealth for granted. Where there is no growth, there will be no wealth. This might sound obvious, but it is a truth we need to be reminded of, not only when it comes to distributing wealth but also when it comes to appreciating the roots of wealth.

Managing Financial Turmoil in the Face of Alzheimer's Disease

Jan Dougherty | Posted 07.13.2015 | Fifty
Jan Dougherty

Financial turmoil and Alzheimer's disease are inextricably connected. The mishandling of finances can be one of the first signs of cognitive impairment, and can have a monumental impact on people with Alzheimer's that must be addressed early on.

Making Time For What Matters: Your Future Wealth

Frank Trotter | Posted 06.15.2015 | Money
Frank Trotter

Ultimately short on time and limited in outside investment knowledge and resources, High Net Workers and other busy Americans may be overlooking both investment and personal wealth management opportunities that would allow their portfolios to attain the same kind of success they've experienced in their careers.

Reputation Management + Wealth Management Correlate in Digital

Alan W. Silberberg | Posted 06.11.2015 | Business
Alan W. Silberberg

Wealth. We all want it, work for it and strive for it throughout lives and careers. Reputation. We all have one. It us up to us to define it,...

Are Your Gay Friends Making You Poor?

David Rae | Posted 02.02.2016 | Queer Voices
David Rae

Tip of the week: Know what you can afford and don't be afraid to say no. You can always say yes later when your financial planning pays off with some big dividends.

Why Giving Your Heirs A Test Run With Your Money Makes Sense

Steven Abernathy and Brian Luster | Posted 05.15.2015 | Fifty
Steven Abernathy and Brian Luster

Actively making decisions on even a small amount of money can be a valuable experience. How heirs make decisions and problem-solve as a group is at the heart of this exercise.

The Seductive Lure of Meaningless Information

David Geller | Posted 05.30.2015 | Money
David Geller

I'll go out on a limb here and say we've all done it. We look up from our computer, iPad or iPhone, where we've just spent time on something that is really of no importance to us when we could have been engaging in a more meaningful activity. And that's my definition of wasted time.

Does Obama's Endorsement of a Fiduciary Standard Change the Wall Street Status Quo?

Steven Abernathy and Brian Luster | Posted 05.12.2015 | Money
Steven Abernathy and Brian Luster

We advise affluent clients and a lot of what we publish is geared toward high net worth families. But every person seeking out a competent advisor deserves to find one, know what s/he costs and know how s/he is paid.

The 5 Toughest Challenges of Inherited Wealth

Myra Salzer | Posted 02.20.2015 | Money
Myra Salzer

If you are ever in a position to inherit a large sum of money... or if somehow you find out you are a "beneficiary" of a trust... would you know what ...

How Can Investors Find Advisors They Can Trust? A New Road Map To Follow

April Rudin | Posted 04.09.2015 | Business
April Rudin

Is there any issue more contentious than trust in the financial advice and wealth management business? No, probably not. But beyond a little gut instinct and a good referral, how do you really know who you can trust with your hard-earned dollars.

When It Comes To Money, Investors Want The Human Touch

John Diehl | Posted 03.15.2015 | Money
John Diehl

There is no denying that robo-advisors have many benefits: they're convenient, effortless and economical. They operate with little or no human intervention, and they typically cost less than traditional advisory services. However, according to a survey conducted by Hartford Funds, investors aren't ready to rely solely on robo-advisors.

All in the Family

Steven Abernathy and Brian Luster | Posted 02.16.2015 | Money
Steven Abernathy and Brian Luster

In the present-day U.S., as in 19th-century Europe, a family bank can preserve wealth, provide family members with independent access to capital, and more -- it can substantially lessen the taxes that wealthy families pay on occasions of inter-generational wealth transfer.

Impact Investing Offers Opportunity for Wealth Managers!

Robert Rubinstein | Posted 02.12.2015 | Money
Robert Rubinstein

Recently I was having a conversation with a private banker who manages wealth portfolios, and she lamented the difficulty of getting her HNW clients interested in Impact Investing. She was recounting to me the challenges she was having in getting her HNW clients interested in Impact Investing

Smart People: Bad Financial Decisions

Steven Abernathy and Brian Luster | Posted 02.10.2015 | Money
Steven Abernathy and Brian Luster

Why do smart people make poor decisions? More importantly, why do they keep making poor decisions? Perhaps they study stocks, market fluctuations, or market indicators. But only a fractional percentage of investors manage to "beat" the market.