trends in 2022

What has 2022 Taught us so far?

 WHAT HAS 2022 TAUGHT US SO FAR?   The first third of 2022 is over. A LOT HAS HAPPENED! Ukraine was invaded by Russia, Dr. Anthony Fauci has declared that the Coronavirus has stopped being a pandemic and has entered endemic existence, Will Smith made himself infamous after being famous and The Bengals won their first Super Bowl (The Bills will …

Successful life

Direction, Capabilities and Confidence

Purpose is a Master Key! It gives you Direction, Capabilities, and Confidence. The average age of an American male from 1790 to 1840 was approximately 37.5 years. The average life expectancy of Our Founding Fathers was: 78 years of age, this includes the unfortunate lover of duels and future Broadway star, Alexander Hamilton, who was approximately 47. Why did they …

Ukrainian Soldiers looking for unexploded shells

THE WAR IN UKRAINE

HAS THE WAR IN UKRAINE UPENDED YOUR PORTFOLIO? The impact of the war in Ukraine is more a humanitarian issue than an economic issue. However, during times of uncertainty, markets have a tendency to become unstable. We worked with our partners at Clark Capital Management Group, and their Senior Vice President, Glenn Dorsey CFA, CAIA, to present our clients a …

market volatility

Uncertainty in the market: Crisis in Ukraine

Uncertainty creates worry and fear which leads to market falls and volatility. Historically safer assets like gold and US Treasuries have done best immediately after times of geopolitical crisis, while risk assets like stocks have suffered. However, risk assets were already suffering before the start of this conflict. We have seen a quick rebound since the conflict started. The S&P …

tax preparation

There are 5 different professionals who can file my taxes?

As my client’s Personal Chief Financial Officer (CFO), I help them come up with creative design ideas, coordinate with other advisors and help implement their financial objectives in regards to taxes, legal, investments, cash flow, and insurances. It is not unusual for these families to need an expert in one or more of these specific areas and don’t have one. …

Wealth Mistakes the Super Rich Don’t Make!

The message: Sidestepping errors is just as important as making a lot of winning moves. No one is perfect—not even the smartest among us. But some make adjustments better than others. Take the self-made Super Rich—a group we define as those with a net worth of $500 million or more that they earned through efforts such as starting a business. …

worried about your portfolio during COVID

Your Portfolio in times of COVID and climate upheaval

Portfolio construction and monitoring was easy in the past, right? Well, no but there were many fewer tools to offer the regular and sophisticated investor. Today there are literally tens of thousands of ways to set up your basic portfolio. The basic premise of the construction still is how much do I want to own (equity) versus how much do …

Tax avoidance

Five Ways to Avoid Taxes-Not Evade-Taxes

When it comes to lowering your tax bill, it is crucial to make sure you are avoiding taxes and not evading them. Here’s the difference: Tax avoidance is the use of governmentally-sanctioned legal methods to minimize, defer or eliminate your tax liability. Tax evasion is when illegal means are used to not pay your taxes. Evasion can include not reporting …

life and work balance

Reclaim Your Time

Finding the right work-life balance happiness” into your life, look for ways to trim existing fat. For example: 1. Eradicate what you hate. There will always be necessary aspects of life that you don’t enjoy. But there’s a fundamental difference between necessary evils and unnecessary tasks that drain your reservoirs. At work: Are there weekly meetings you have or reports …

Creating a Succession Road Map for Family Businesses

Creating a Succession Road Map for Family Businesses

Dr. Jim Kestenbaum, President/Founder As is well known, family businesses are the cornerstone of the American economy. And as much as family businesses create major short term value for their local communities and economies, they also create even bigger long term value when they last from generation to generation. One of the main ways this is accomplished is through intergenerational …

serving leaders, wealth management

The Benefits of Building a Family Brand

Nearly every company has a brand that communicates its culture and mission. However, most of us have never considered what our family’s culture and mission is all about. What does our family stand for to determine our greater purpose? We are missing an opportunity to apply the benefits of corporate branding to our families—to define our values and priorities in …

wealth management team

Why You Need a Cohesive Wealth Management Team.

Why You Need a Cohesive Wealth Management Team You know that you need to tap the expertise of multiple professionals to pursue optimal financial results in your life because finding one single professional with the full depth and breadth of knowledge required to effectively address all of your wealth management needs and wants—especially the complex ones—does not exist. You may …

Obtaining goals, wealth management

The Power of Purpose in Reaching Audacious Goals

People who have reached the highest levels of success and built truly significant wealth tend to share a number of key traits that are responsible for their amazing results. There is typically a clear connection between having a strong sense of purpose and achieving excellence. With that in mind, take a minute to ask: • What makes you excited about …