Search for Topics
-
The wealth management industry has become increasingly sophisticated when selling us financial services. They come up with “holistic solutions” to our financial “problems” and tap into our emotions in an effort convince us to pay them. The truth is, like…
-
Duties of Estate Executors
Administering someone’s estate after they die can be a difficult and heavy responsibility. Before you begin that journey, consider the professionals who can help you fulfill your responsibilities such as lawyers, trust companies, accountants, and bankers. Also consider the legal…
-
What is Brookfield Asset Management?
Brookfield Asset Management is a global alternative assets investor with over $600 billion of assets under management. This post will describe the company’s history, ownership structure, and business prospects. History The history of Brookfield Asset Management is long and complicated.…
-
Do you need a family office?
Essentially, a family office is like your personal CFO. A family office does all the tasks that your accountant, your investment advisors, your lawyer, and your bankers won’t do. My clients tell me I’m like their Consigliere. A consigliere is…
-
Making Impact Investments
Impact investing seeks to achieve certain social and environmental goals as the primary reason for making an investment. Impact investors oftentimes sacrifice economic profit and liquidity in favour of achieving the investment’s non-economic goals. This post describes what impact investing…
-
What is a Wasting Freeze?
This post will describe what a wasting freeze is and consider other issues such as adding leverage and making charitable gifts.
-
Estate Freeze Basics
An estate freeze caps the current capital gains tax liability of an asset expected to appreciate and transfers the growth in value to successors. Families use estate freezes to pass down assets to future generations such as kids and grandkids.…
-
Getting the Best from Your Accountants
Accountants can be valuable members of your financial team, but wealthy investors often get frustrated by their accountants or don’t use them to their full potential. This post offers some ideas about how to work with your accountants so they…
-
5 Threats Wealthy Investors Face and How to Overcome Them
Wealthy investors have many of the same fears as everyone else, the stakes are just higher when you’re rich. This post describes five common threats wealthy investors face and how to combat them. Cybersecurity We live in a world of…
-
Should You Rebalance Your Portfolio?
Rebalancing is the process of realigning the weightings of a portfolio of assets. Rebalancing involves periodically buying or selling assets in a portfolio to maintain an original or desired level of asset allocation or risk. This post will describe some methods to rebalance your portfolio, and…