Single-Family Offices Clandestine Investments In Private Companies

By Russ Alan Prince A pronounced and growing tend is that single-family offices and the super-rich are increasingly directly investing in privately held companies. According to Angelo Robles, founder and CEO of the Family Office Association and author of Effective Family Office, “Sometimes single-family offices are teeming up with other family offices in the form of ‘club deals.’ At the same time, [...]

By |May 14th, 2018|Uncategorized|

In 2018 Business-Savvy Trusts And Estates Lawyers Have Two High-Class Problems

Article by Russ Prince In 2018 just about all the professions serving high-net-worth clients are going to experience a remarkable boom. Wealth managers, private bankers, and certainly trusts and estates lawyers will have the opportunity to make this year one of the best they ever had. Systemic changes, such as the explosive growth in personal [...]

By |May 11th, 2018|Uncategorized|

The Importance Of Prenuptial Agreements For Children Of Wealth

Article by Russ Alan Prince While the great majority of people go into marriage thinking, “This is it,” sometimes it turns out to be “it” and then it “isn’t.” When the children of wealth marry, most times they are reticent about raising the issue of prenuptial agreements (prenups) unless the concept was part of their [...]

By |May 3rd, 2018|Uncategorized|

The Growing Appeal Of Private Placement Life Insurance (PPLI)

Article by Russ Prince Private placement life insurance is the most transparent life insurance structure. It can also be exceedingly cost-effective with the ability to mitigate or eliminate the financial drag of taxes. According to Evan Jehle, partner at FFO Business Management & Family Office, “Private placement life insurance for the rich and super-rich can be an excellent way [...]

By |April 27th, 2018|Tax, Uncategorized, Wealth Management|

How Professionals Negotiate With Single-Family Offices

There is a boom in single-family offices in the U.S. and throughout the world. They are multiplying in number as well as the amount of wealth they control. Concurrently, the number of professionals that are interested in doing business with them is also multiplying. The logic is simple. Those professionals from wealth managers and lifestyle [...]

By |May 17th, 2017|Uncategorized|

What Is A Perpetual Tourist? (How Never To Pay Personal Taxes)

There are indeed many ways to legally avoid paying taxes. One approach is to become a perpetual tourist, also known as a perpetual traveler. The basic idea is that by not spending very much time in any jurisdiction, a person can legitimately avoid paying taxes and increase personal freedoms. A key aspect of this approach [...]

By |February 20th, 2017|Uncategorized|

Most Family Businesses Mistakenly Lack Formal Asset Protection Plans

There are a number of ways family members can lose their hard earned wealth. One possibility for loss is frivolous lawsuits. Furthermore, they often take a serious psychological toll. A way for family business owners to potentially inoculate themselves against groundless legal actions is by adopting appropriate asset protection strategies. Asset protection planning is the process of [...]

By |February 13th, 2017|Uncategorized|

The Two Biggest Mistakes In Setting Up A Single-Family Office

With the boom in private wealth and the rich getting richer, the number of new single-family offices is keeping pace. A consequence of the boom in single-family offices is that a percentage of them are being setup badly. According to Angelo Robles, founder and CEO of the Family Office Association, “A lot of different types [...]

By |February 13th, 2017|Uncategorized|

Financial Education For Entertainers And Athletes

Malicious or incompetent advisors, neglecting to say “no,” and not grasping the true nature of the business can easily lead celebrities – entertainers and athletes – who have leveraged their talents and drive to create significant personal wealth to lose their fortunes. These same reasons have been shown to adversely affect other entrepreneurs often aligned [...]

By |February 7th, 2017|Uncategorized|

Professional Athletes Often Suffer From Bad Financial Advice

There is a lot of evidence that a majority of professional athletes have severe financial problems including bankruptcy, usually when their sport careers end. There are a number of pronounced reasons for this with getting bad financial advice prominent and often a key contributing reason. Stories of athletes losing lots of money, and even going [...]

By |July 12th, 2016|Uncategorized|