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 […]
Why Use a Corporate Trustee?
An expert third party can help create efficiency and avoid conflict. It’s nearly impossible to turn on the television or read an economic journal without being confronted with news about stock market volatility and concern about interest rate fluctuations. Ultimately, market factors are always in play. Economies, and the components that make them up, are […]
The Overlooked Key to Multigenerational Wealth: Proactive Estate Planning
For many ultra-high-net-worth individuals (UHNWIs), it’s easy to believe there will always be time to address estate planning. The demands of running a business, managing investments and nurturing family relationships often take precedence. But estate planning isn’t just about preparing for the inevitable; it’s about ensuring your wealth survives — and thrives — for generations to come, even […]
How Philanthropy Unites a Family
Giving together can create a lasting bond. “Philanthropy has the power to bring a family together,” says Pegine Grayson. “It can be life-changing, not just in its impact on a community, but also its impact on the donors.” Invitation to Share As Director of Whittier Trust’s Philanthropic Services department, Grayson and her team help high-net-worth families meet their […]
Raising Financially Resilient Kids
The importance of developing financial literacy and generosity in the next generation. Every family is unique, but virtually all parents hope their children will grow up to be confident, self-sustaining, and happy as contributing members of society. Families of significant means face unique challenges in this arena, however, because the same wealth that affords them […]
Partners In Portfolio Strategy
Three key questions to strengthen your investment strategy. At its core, investing is straightforward: Buy low, sell high. But additional factors such as taxes, along with your risk tolerance and asset mix, can significantly impact your returns. Three key questions can help ensure your investment strategy is positioned to maximize your long-term after-tax returns and […]
Putting Your Trust in Nevada
You don’t have to live in the Silver State to benefit from its trust tax advantages. As a lifelong resident of Nevada, I’ve welcomed countless new neighbors from California who have discovered the many benefits of my state. Of course, I’m not just talking about fresh powder on the slopes of Lake Tahoe. The absence […]
Steady and Measured Real Estate Investing
Why a long-term approach is a smart strategy, regardless of the economic outlook. It’s nearly impossible to turn on the television or read an economic journal without being confronted with news about stock market volatility and concern about interest rate fluctuations. Ultimately, market factors are always in play. Economies, and the components that make them […]
A Junior Board Helps Continue a Family Foundation’s Legacy
Next-gen philanthropy is about more than just giving money away. Philanthropy is about helping others and offering invaluable funding to support communities and causes. With a family foundation, it’s also about preserving a legacy and bringing family members together in the name of a shared cause or purpose. The style and look of a family foundation varies, and […]
It’s a Great Time to Be a Liquidity Provider
If you have cash on hand to invest, now is the time to capitalize. On the surface, it might look like a less-than-ideal time to invest. Equity markets have been on the rise and no one—especially savvy investors—wants to overpay for an investment. Even though more traditional assets may seem expensive, there is cause for […]