Abnormal Returns

AUGUST 26, 2024

kitces.com) Matt Zeigler talks with Eben Burr of Toews Asset Management about his unique path through the industry. riaintel.com) Why Ryan Eisenman co-founded alternative asset data provider Arch. youtube.com) Family offices A Q&A with Heather Flanagan, head of family office services at Wealthspire Advisors. citywire.com)

Taxes 260

Taxes Financial Advising Financial Advice Planning 260

The Big Picture

JANUARY 24, 2024

At the Money: How to Pay Less Capital Gains Taxes (January 24, 2024) We’re coming up on tax season, after a banner year for stocks. Successful investors could be looking at a big tax bill from the US government. On this episode of At the Money, we look at direct indexing as a way to manage capital gains taxes.

Taxes 247

Taxes Portfolio Wealth Management Management 247

Nerd's Eye View

MAY 17, 2023

that incentivizes saving for these goals for American citizens – namely with tax-advantaged accounts such as 401(k) plans, IRAs, 529 college savings plans, and Health Savings Accounts (HSAs) – can impose hurdles on foreign nationals who rely on them for their own savings needs. However, the system in the U.S.

Taxes 242

Taxes Investments Investing Accounting 242

Abnormal Returns

AUGUST 5, 2022

rajivsethi.substack.com) What would a tax on stock buybacks mean? (techcrunch.com) Finance KKR ($KKR) wants to win more IPO business. wsj.com) The CFTC is looking to close down prediction market PredictIt. marginalrevolution.com) Stuff The value of NFL franchises just keeps going up. sportico.com) Boatsetter is Airbnb ($ABNB) for boats.

Assets 244

Assets Startup Financial Advising Media 244

Nerd's Eye View

SEPTEMBER 6, 2023

While asset protection is a popular planning topic for High-Net-Worth (HNW) and ultra-high-net-worth clients, those who are not HNW are susceptible to the same threats to wealth. Notably, certain client assets have built-in creditor protection without the use of (often expensive) products or tools.

Education 242

Education Assets Clients Estate Planning 242

Nerd's Eye View

OCTOBER 9, 2024

While all gifts could technically be considered taxable to the donor, the annual gift tax exclusion (currently at $18,000) provides for a practical allowance that makes it unnecessary to track and report every small gift (because no one wants to spend time accounting for the value of birthday gifts like bikes, books, or cash!).

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Taxes Medical Clients Education 193

Nerd's Eye View

AUGUST 23, 2023

However, the caveat with current CGAs has been that they could only be funded with after-tax dollars before the donor’s death, meaning that if an individual only had tax-deferred funds (e.g., Second, they reduce the donor's tax bill in the year the CGA is created by excluding the amount contributed to the CGA from taxable income.

Taxes 241

Taxes Retirement Clients Estate Planning 241

Wealth Management

OCTOBER 17, 2024

The amount of assets in tax-managed SMAs has jumped 67% from year-end 2022.

Assets 115

Assets Taxes Management 115

Nerd's Eye View

JANUARY 21, 2025

Daniel is the CEO of WMGNA, a hybrid advisory firm based in Farmington, Connecticut, that oversees approximately $270 million in assets under management for 200 client households.

Taxes 130

Taxes Tax Planning Financial Advisor Compensation Planning 130

The Big Picture

APRIL 3, 2023

The asset value peak was $33.6 Given the rough year markets had in 2022, including all of the held asset classes, it is an impressive, albeit curious showing. The group also names 2022’s Best of, including Fund, Asset Class, Region, and Industry of the Year (all found here ). Its an amazing collection of charts and data.

Assets 313

Assets Consulting Taxes Marketing 313

The Big Picture

AUGUST 20, 2024

The transcript from this week’s, MiB: Mike Greene, Simplify Asset Management , is below. We have to pay attention to this, and we have to understand why this is potentially a risky asset. Precisely because we look at it and we’re like, wait a second, if this risk goes wrong, not only do I lose my assets, but I lose my job.

Assets 174

Assets Management Portfolio Taxes 174

The Big Picture

SEPTEMBER 28, 2022

What is in your control : Your Portfolio : You want to create something robust enough to withstand drawdowns and recessions; not necessarily the best possible set of assets but the ones you can live with day in and day out. This includes a broad Asset Allocation including full Diversification of asset classes, geographies, etc.

Asset Allocation 342

Asset Allocation Financial Planning Assets Media 342

Wealth Management

NOVEMBER 7, 2024

Nisha Patel, CFA, managing director at Parametric, explores tax law changes, strategies, and tax-loss harvesting to maximize savings.

Taxes 98

Taxes Assets Management 98

Darrow Wealth Management

JANUARY 16, 2025

A step-up in basis is a tax advantage for individuals who inherit stocks or other assets, like a home. Heres how stepped up cost basis works on stock and other assets at death. Understanding step-up in basis at death If youve received an inheritance you may have questions about the tax treatment of certain assets.

Assets 93

Assets Estate Planning Taxes Wealth Management 93

Abnormal Returns

APRIL 15, 2024

standarddeviationspod.com) Christine Benz and Amy Arnott talk asset allocation and more with Matt Krantz. riabiz.com) Retirement accounts On the downside of holding non-traditional assets in an IRA. investmentnews.com) Why funds in pre-tax retirement accounts need to be adjusted for taxes.

Wealth Management 259

Wealth Management Asset Allocation Retirement Financial Planning 259

The Big Picture

DECEMBER 4, 2024

Would you like to diversify but also defer paying big capital gains taxes? I’m Barry Ritholtz and on today’s edition of at the money we’re going to discuss how to manage concentrated equity positions with an eye towards diversification and managing big capital gains taxes. None of these solutions are optimal.

Taxes 130

Taxes Portfolio Accounting Management 130

Abnormal Returns

FEBRUARY 26, 2024

kitces.com) Daniel Crosby on why not caring what other people think is a valuable asset. kitces.com) How advisers should work with tax professionals. advisorperspectives.com) A look at the donor advised fund industry including 'Nearly half of all DAFs (49%) had total assets at the end of 2021 of less than $50,000.'

Wealth Management 284

Wealth Management Financial Services Retail Insurance 284

The Big Picture

APRIL 5, 2023

My mid-week morning train WFH reads: • What to Know About TurboTax Before You File Your Taxes This Year : Don’t get tricked into paying for tax prep if you don’t have to. Learn how the biggest tax preparation companies have suppressed free filling options for years. Make sure it’s in your tax tool kit. billion today. .;

Taxes 290

Taxes Valuation Assets Media 290

Nerd's Eye View

NOVEMBER 15, 2024

Also in industry news this week: NASAA has proposed an amendment to its broker-dealer conduct model rule that would restrict the use of the terms “advisor” and “adviser” for broker-dealers and their registered representatives who are not also investment advisers or investment adviser representatives A recent study suggests that (..)

Financial Planner 232

Financial Planner Asset Allocation Taxes Tax Planning 232

Abnormal Returns

APRIL 23, 2023

abnormalreturns.com) Just in time for tax day, a custom indexing linkfest! wealthmanagement.com) Short duration assets, like CDs, look good right now, but they do have risks. tonyisola.com) Ten years of live numbers on a tax-loss harvesting program. Also on the site Ramit Sethi teaches you how to spend money.

Taxes 272

Taxes Numbers Assets Investing 272

Abnormal Returns

DECEMBER 19, 2023

alphaarchitect.com) The high quality anomaly shows up across asset classes. indexologyblog.com) Inflation makes tax efficiency all the more important. aqr.com) Reinsurance returns are not surprisingly uncorrelated with traditional asset classes. Factors Timing returns factors is tempting, but difficult in practice.

Investments 284

Investments Investing Valuation Retail 284

Abnormal Returns

DECEMBER 5, 2023

Active management Active investing has a tax problem. hamiltonlane.com) Portfolio managers love to shift blame for underperforming assets. papers.ssrn.com) Convenience yield, or why collectibles should have a lower return than traditional financial assets. insights.finominal.com) Factors What happened to the momentum effect?

Portfolio Management 273

Portfolio Management Assets Taxes Management 273

The Big Picture

APRIL 11, 2024

And even still, fund fees and taxes remained a major cost element. They slowly accumulated some assets, but hardly moved the needle on Wall Street. In 1978, Congress enacted Internal Revenue Code Section 401(k), which allowed tax-deferred savings through a company-administered plan. Lots of other active managers did well.

Commission 351

Commission Taxes Management Electronics 351

The Big Picture

JUNE 17, 2023

UHNW investors have been so attracted to Private Equity’s diversified asset class and steady returns, especially in an era of zero interest rates. We discuss the Carried Interest tax loophole, a tax dodge that benefits a few 1000 people in the country but cost U.S. taxpayers 180 billion dollars per decade.

Taxes 327

Taxes Retail Economy Economics 327

Abnormal Returns

NOVEMBER 21, 2023

tandfonline.com) How do state tax hikes affect municipal bond yields? papers.ssrn.com) People treat crypto like other financial assets. (papers.ssrn.com) Research The hardest part of 'buy and hold' is holding. priceactionlab.com) Why 'stocks for the long run' may be built on less then great data. nber.org)

Banking 274

Banking Taxes Assets 274

Nerd's Eye View

JANUARY 31, 2024

This shift has led financial advisors to explore new strategies for mitigating the resulting tax-planning challenges. This allows the account to grow on a tax-deferred basis, with income to beneficiaries being taxed when distributions are made. Second is that the CRUT is testamentary (i.e.,

Financial Advisor 232

Financial Advisor Estate Planning Nonprofit Financial Planner 232

Advisor Perspectives

DECEMBER 7, 2023

Without recourse to your text, your notes, or a Google search, what line item is the largest asset in Uncle Sam's financial accounts? Official Reserve Assets B) Total Mortgages C) Taxes Receivable D) Student Loans

Accounting 119

Accounting Assets Taxes 119

Nerd's Eye View

NOVEMBER 23, 2022

Among the several different types of retirement plans that are available to self-employed workers, solo 401(k) plans can offer the most flexibility and the ability to contribute the highest amount of tax-advantaged savings. Although both types of solo 401(k) plans come with particular benefits, there are also tradeoffs to each approach.

Planning 235

Planning Distribution Assets Retirement Planning 235

Abnormal Returns

FEBRUARY 1, 2024

January 2024 How major asset classes performed in January 2024. etf.com) Vanguard has launched two new ETFs, the Vanguard Intermediate-Term Tax-Exempt Bond ETF ($VTEI) and Vanguard California Tax-Exempt Bond ETF ($VTEC). on.spdji.com) Strategy Overconfidence is a killer for investors.

Financial Advising 283

Financial Advising Taxes Manufacturing Media 283

Abnormal Returns

MARCH 20, 2024

peterlazaroff.com) Investing There's no magic rule for asset allocation. theconversation.com) Taxes Earned income? flowfp.com) Billionaires pay their taxes differently. (podcasts.apple.com) Peter Lazaroff talks with Manisha Thakor author of “MoneyZen: The Secret to Finding Your “Enough.” Your child can open a Roth IRA.

Asset Allocation 273

Asset Allocation Retirement Commission Taxes 273

Wealth Management

OCTOBER 7, 2024

The Cambria Tax Aware ETF and the Stance Sustainable Beta ETF will each be seeded with the appreciated securities of wealthy investors, who will swap their assets for shares in the funds rather than buy into them with cash.

Taxes 118

Taxes Assets 118

The Big Picture

AUGUST 17, 2022

What’s obvious is that cheaper is better than more expensive; that there are inherent costs in managing an active portfolio that include more than just trading and taxes but research, analysis, PMs, etc. But that is not the same as becoming one of the most dominant asset managers in the world.

Taxes 334

Taxes Portfolio Management Investing 334

Walkner Condon Financial Advisors

MAY 31, 2024

Breathe Easier Next Tax Season with These Planning Strategies Every year, most of us smile when we see April 15th in the rearview mirror. The completion of our tax returns being filed marks the beginning of a nine month period where we don’t need to think about funny acronyms and form numbers.

Taxes 105

Taxes Financial Advisor Tax Planning Distribution 105

The Big Picture

APRIL 19, 2023

( The Atlantic ) • How 2022 Became a Record Year for US Income Taxes : An asset-price boom, a progressive tax code and inflation interacted to drive effective rates higher than ever. Bloomberg ) • Tax season is getting longer. Now the process is working in reverse. Blame climate change.

Taxes 273

Taxes Assets Management Marketing 273

Nerd's Eye View

FEBRUARY 24, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the SEC’s proposed “Safeguarding Rule” would significantly increase the number of investment advisers deemed to have custody of client assets and increase paperwork requirements for advisers (..)

Financial Planner 235

Financial Planner Tax Planning Taxes Numbers 235

Nerd's Eye View

OCTOBER 31, 2023

Jon is the Founder and CIO for Echo45 Advisors, an independent RIA based in Walnut Creek, California, that oversees $163 million in assets under management for more than 180 client households. My guest on today's podcast is Jon Henderson.

Financial Advisor 227

Financial Advisor Estate Planning Clients Education 227

Abnormal Returns

FEBRUARY 19, 2024

morningstar.com) The biz Creative Planning was able to retain some 60% of the United Capital assets. thinkadvisor.com) How tax treatment differs across states for 529-to-Roth IRA rollovers. (downtownjoshbrown.com) How indexing has made for a better financial advice industry. citywire.com) A lot of RIAs are in that in-between stage.

Clients 274

Clients Estate Planning Wealth Management Financial Advice 274