5 Estate Planning Priorities for 2024: An Essential Checklist
2024 is in full swing, and the start of a new year is a good reminder to take stock of our lives and plan for the future. Effective estate planning is a crucial aspect and its importance cannot be overstated. A well-thought-out estate plan ensures that your assets are distributed according to your wishes, minimizes tax liabilities, […]
Post-Sunset Taxation of Entities: Decoding the Changes
Efficient tax planning demands a forward-thinking approach, strategically organizing financial affairs to minimize tax liability. An essential element of this approach is the anticipation and understanding of changes in tax laws over time. The last major overhaul of the tax code came in 2017 when many tax code provisions were changed or added by the Tax Cuts […]
Are AI and Wealth Management Compatible?
There’s no denying that artificial intelligence is developing quickly—at warp speed, even. In fact, in March 2023, some of the biggest names in technology—including Elon Musk and other professors, researchers, and business leaders—signed a letter asking for a pause for artificial intelligence labs training AI systems out of concern for the dangers such technology may present. Additionally, the […]
The Magnificent 7 and the Imperfect Index
Despite domestic and geopolitical uncertainty, equity portfolios performed quite well in 2023 as measured by the S&P 500 Index. The market return was largely driven by the seven largest constituents of the S&P 500, also known as the Magnificent Seven. The Magnificent Seven includes: Apple, Microsoft, Alphabet, Amazon, Meta Platforms, Nvidia, and Tesla. These companies […]
Whittier Trust Welcomes Gregg Millward as Vice President, Client Advisor
Whittier Trust, the oldest multi-family office headquartered on the West Coast, is pleased to announce the recent hiring of Gregg Millward as Vice President, Client Advisor in its Pasadena office. In this role, Gregg provides a comprehensive range of wealth management, family office and trust services to affluent individuals and families, working closely with clients […]
Market Insights – First Quarter 2024
Watch this video of Sandip Bhagat, our Chief Investment Officer, discussing the latest market insights. Slow… But Steady The last four years have felt like one endless blur of unprecedented events … all unfolding in rapid succession. And 2023 was no different; it was perhaps even more extraordinary than the previous three years. The surprises […]
David Dahl Reflects on Thirty Years With Whittier Trust
To our Whittier Trust Family, I want to express my deepest gratitude to each of you–clients, employees, and partners–who have been an integral part of the Whittier Trust family since I started here over 30 years ago. This journey has been extraordinary, and your unwavering support and commitment have made it all possible. This is a significant […]
Federal Tax Updates
On November 9, the IRS released its annual inflation adjustments for tax year 2024 covering updates to more than 63 tax provisions. The 2024 adjustments will affect tax returns filed in 2025. On December 31, 2025, a significant amount of the individual tax provisions passed under the 2017 Tax Cuts and Jobs Act (“TCJA”) will […]
Whittier Trust Positions for Growth with New Pasadena Relocation
Whittier Trust Company, the oldest wealth management firm headquartered on the West Coast, today announced the relocation of its South Pasadena office to 177 E. Colorado Blvd, Suite 800, Pasadena, CA 91105, effective November 20, 2023. This move is a response to Whittier Trust’s remarkable growth in recent years, fueled by its ever-expanding client base […]
Peace on Earth and Goodwill Toward Family
The holidays are a time to be together: Here’s how to ensure family harmony By Brian G. Bissell, Senior Vice President and Client Advisor for Whittier Trust For many, the holidays are the only time of year when the entire family gets together. From January to October, family dynamics may be easily avoided, but November and December […]