Wealth Planning For Clients With Health Challenges
Wealth planning has a broad range of approaches depending on the needs of a client. When it comes to chronic diseases and illnesses, having a specialized plan that is sure to meet all needs takes understanding and a personalized approach. Working with a wealth management company offering comprehensive trustee services, estate planning services and family office services can […]
Sustaining Wealth: The Myths & Realities of Family Wealth Management
Sustaining Wealth: From Myth to Reality Inherited wealth decreases by 50% every 20 years as compared to the average American’s wealth. Every six decades, this equates to an 88 percent drop in relative income. The downfall of wealth through generations is more common than one may care to realize and happens all around us. However, […]
Protecting Your Family Business in a Time of Disruption
Ten years ago, Andreessen Horowitz proclaimed that “software is eating the world.” Since then, the world has witnessed the rise of the first trillion-dollar software companies: first Apple, followed by Microsoft, Amazon, and Google. Today, technology is woven into the fabric of every business in existence. While technology has opened the doors to massive markets […]
Why Investors Are Recalibrating Their Portfolio Right Now
In times of erratic uncertainty, consistency becomes a welcome respite. But consistency can also breed complacency at precisely the time investors need to adapt—particularly when it comes to reallocating a portfolio. When the Federal Reserve recently signaled a renewed commitment to keeping rates near zero for the next few years in response to continued covid-19 […]
Invest Like You Mean It: Wealthier With ESG
ESG, impact investing, socially responsible portfolios—these phrases and buzzwords, all focused on investing based on core values—have boiled down to one commonality for investors. “ESG has become a way to connect impact to earnings,” said Craig T. Ayers, senior vice president and senior portfolio manager at Whittier Trust. But it’s not only investing in what “feels […]
The Opportunities And Challenges Of Private Market Investing
If you have a portfolio of stocks, bonds and other public assets, you may be intrigued by private market investing. Private market investing—a phrase often used interchangeably with private equity, venture investing and direct lending—offers robust opportunity, said Jay Karpen, investment manager at Whittier Trust. “Companies are staying private longer and are going public at […]
Grow Your Wealth With This Holistic Account Management Strategy
Quick: What is your total net worth? For many high net worth individuals, that’s a complicated question to answer. To find a total net worth, you need to consider all your assets. Not only do these include your investment accounts or real estate holdings—easily accessible in real time—but they also include assets that may be […]
Tomorrow’s Sources Of Income In Today’s Interest Rate Environment
In today’s low-interest-rate environment, investors need to be flexible to ensure their portfolio meets their income needs now and preserves their wealth for the future. “Historically, investors would turn to bonds to generate income, preserve wealth and act as a ballast to the portfolio when the stock market sells off,” said Travis Moore, vice president […]
Webinar: Managing Personal Risk within the Family Business
Whittier Trust Company and The Whittier Trust Company of Nevada, Inc. are state-chartered trust companies, which are wholly owned by Whittier Holdings, Inc., a closely held holding company. All of said companies are referred to herein, individually and collectively, as “Whittier”. The accompanying materials are provided for informational purposes only and are not intended, and […]
Changing Residency: Important Considerations When Building Tax Planning Strategies
Best Practices When Making a Residency Change In today’s world, with state tax rates varying widely, more individuals and families are considering moves out of high-tax states. For example, California’s highest income tax rate is currently 13.3%. Other jurisdictions, like New York City, impose a city income tax of as much as 3.876%, on top […]