The Big Picture

JULY 25, 2023

Pomp points out that: “I am, however, arguing that the total return percentage traditionally quoted is not what people actually achieve in their brokerage account because of taxes. I have addressed Tax Alpha before ( see this and this ); but Pomp indirectly raised a very different issue: Why do people underperform their own assets?

Assets 246

Assets Accounting Taxes Economics 246

Nerd's Eye View

AUGUST 21, 2024

Irrevocable trusts lie at the heart of a variety of estate planning strategies, as gifts to irrevocable trusts can allow for the transfer of assets outside of an owner’s estate for estate tax purposes with more structure than an outright gift. the assets' original owner).

Taxes 246

Taxes Wealth Advisor Estate Planning Assets 246

Wealth Management

MAY 21, 2024

The best of both worlds.

Assets 263

Assets Taxes 263

Wealth Management

APRIL 9, 2024

The new role will partly support 55ip, whose CEO, Paul Gamble, revealed last week that he would step down from that post in September.

Assets 286

Assets Taxes Management 286

Wealth Management

FEBRUARY 28, 2025

large caps, where it sees opportunities in private markets and how it approaches tax considerations. Brian Spinelli, co-CIO, talks about why the firm is staying away from U.S.

Assets 257

Assets Taxes Marketing Marketing 257

Nerd's Eye View

MAY 29, 2024

Small business owners often treat their businesses not only as their source of income during their working years, but also as an asset that can be sold to fund their retirement. One way to reduce the tax impact of selling a small business is by using an installment sale. Under IRC Sec. Under IRC Sec.

Sales 246

Sales Taxes Assets Retirement 246

Nerd's Eye View

OCTOBER 26, 2022

Roth conversions are, in essence, a way to pay income taxes on pre-tax retirement funds in exchange for future tax-free growth and withdrawals. Conversely, if the opposite is true and the converted funds would be taxed at a lower rate upon withdrawal in the future, then it makes more sense not to convert.

Taxes 246

Taxes Assets Accounting Retirement 246

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!).

Taxes 244

Taxes Medical Clients Education 244

Abnormal Returns

JUNE 18, 2024

caia.org) How much in taxes have private equity fund managers avoided through carried interest? (papers.ssrn.com) Comparing the (real) volatility of private equity and private credit. alphaarchitect.com) Secondary PE investments are a necessary part of the system. ft.com) Research Does it matter what time zone your stocks trade in?

Assets 258

Assets Taxes Portfolio Management 258

Wealth Management

MARCH 13, 2023

Legacy IRAs and charitable remainder trusts are powerful tools to help defer or avoid certain taxes.

Charitable Planning 262

Charitable Planning Assets Retirement Planning 262

Wealth Management

OCTOBER 20, 2022

Municipal bonds are a relatively safe investment with tax-free interest that gives them an advantage over other fixed-income assets.

Taxes 246

Taxes Assets Investments Investing 246

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 Assets 260

Wealth Management

OCTOBER 19, 2023

The RIA firm acquires an Indiana-based team of 10, including three CPAs, and around $100 million in managed assets.

Wealth Management 286

Wealth Management Management Taxes Assets 286

Wealth Management

JULY 27, 2023

Private letter ruling examines how to effectively consolidate through a Section 507(b)(2) transfer.

Assets 246

Assets Taxes 246

Wealth Management

AUGUST 16, 2023

The call for feedback touches on policies that, if changed, would likely impact the flow of crypto gifts to nonprofits.

Nonprofit 246

Nonprofit Assets Taxes 246

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 246

Taxes Investments Investing Accounting 246

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 244

Taxes Portfolio Wealth Management Management 244

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 191

Taxes Tax Planning Financial Advisor Compensation Planning 191

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 246

Education Assets Clients Estate Planning 246

Wealth Management

FEBRUARY 22, 2023

During the fourth quarter of 2022, 66 independent financial professionals affiliated with the tax-centric broker/dealer.

Recruitment 246

Recruitment Assets Taxes 246

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 246

Taxes Retirement Clients Estate Planning 246

Wealth Management

JANUARY 30, 2023

Taxpayers would have to pay annual taxes on asset values rather than income.

Taxes 327

Taxes Assets 327

Wealth Management

JANUARY 21, 2025

Hill Investment Group is planning a February debut for the Longview Advantage ETF (ticker EBI), which will start trading with an estimated $500 million of assets.

Taxes 245

Taxes Assets Planning Investments 245

Wealth Management

FEBRUARY 29, 2024

There isn’t a way to make K-1s shorter or less complex. But advisors and clients can cut down on their workload by “bringing organization to the chaos of chasing down K-1s”, says Arch co-founder Ryan Eisenman.

Assets 193

Assets Taxes Clients 193

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 310

Assets Consulting Taxes Marketing 310

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 170

Assets Management Portfolio Marketing 170

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 246

Financial Planner Asset Allocation Taxes Tax Planning 246

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

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

Wealth Management

FEBRUARY 15, 2023

For people with crypto assets trapped on bankrupt platforms, the possibility they’ll have to pay the IRS is another blow.

Taxes 222

Taxes Assets 222

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 Investments 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 350

Commission Taxes Management Electronics 350

Wealth Management

SEPTEMBER 7, 2022

The 990-T form involved in the incident is used by both tax-exempt groups and individuals with some retirement accounts invested in certain assets, including master limited partnerships and real-estate investment trusts.

Retirement 253

Retirement Taxes Accounting Assets 253