Tag: wealth
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Must-Know Facts about Elder Financial Abuse
Elder financial abuse is a growing problem, leaving destroyed relationships and economic destruction in its wake. From straightforward theft to slow development through complex relationships, the tremendous loss of wealth incurred by senior citizens results in premature deaths and intergenerational loss of wealth. It ultimately rips at the fabric of society as a whole as…
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VIDEO: Family Offices Discuss Tax Issues and the Next Generation
Watch a never-before-seen video of the “Family Office” panel at the 2019 NAWRB Conference. Panelists Wendy Craft, Chief of Staff at Fulcrum Equities, LLC; Cynthia French Blanchard, President of Anthem Vault, Inc., AnthemGold, Inc., and Hercules, SEZC; Cindy Brittain, International Private Client Tax Partner at Katten Muchin Rosenman LLP; and Brian DeLucia, Managing Partner of…
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Elder Financial Abuse, Private Wealth – What Are You Doing to Protect Yourself?
Elder financial abuse is a growing problem, leaving destroyed relationships and economic destruction in its wake. From straightforward theft to slow development through complex relationships, the tremendous loss of wealth incurred by senior citizens results in premature deaths and intergenerational loss of wealth. It ultimately rips at the fabric of society as a whole as…
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WHER 2019 Excerpt: Next Generation to Control Family Offices in 10 to 15 Years
The increased necessity of intergenerational wealth transfer services as Baby Boomers retire is one of the key opportunities for family offices. Seventy percent of family offices in the aforementioned report predict that the next generation will take control in the next 10 to 15 years, according to the UBS/Campden Wealth Global Family Office Report 2018.…
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Wealth Gap Gets Bigger for the Middle Class
The income inequality between white households and black and Hispanic households has been a historical issue in the U.S. that widened following the 2008 financial crisis. Recent Pew Research Center analysis of Federal Reserve Board data highlights this wealth gap, delving into its racial and ethnic characteristics for families at different income levels.
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1 in 5 Americans Say American Dream is “Out of Reach”
According to a recent survey from the Pew Research Center, most Americans believe they have achieved the American Dream or are on their way to achieving it. While the American Dream means different things to different people, only 17 percent of respondents believe it is “out of reach” for their family.
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Newsletter: “Fearless Girl” Statue Tarnished by Peeing Dog & New Data on Wealth and Poverty in the U.S.
“Fearless Girl” Statue Tarnished by Peeing Dog Installed in March 2017, the “Fearless Girl” statue facing Wall Street’s famous charging bull was erected as part of State Street Global Advisors’ (SSGA) campaign to increase the number of women on boards. The statue quickly gained national attention as a representation of women’s empowerment and the gender…
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New Findings on Wealth and Poverty in the U.S.
The U.S. Census Bureau has released the 2013 Wealth and Asset Ownership Detailed Tables highlighting the household net worth of American households. The tables “highlight annual household net worth estimates at the national level and are broken down by selected characteristics, such as race, household structure and poverty status.”