Beneficial Ownership Information (BOI) Reporting Update
FinCEN has removed the requirement for U.S. companies and persons to report beneficial ownership information (BOI) under the Corporate Transparency Act, effective March 2, 2025. Now, only foreign entities registering to do business in the U.S. must report BOI, but they are not required to disclose U.S. persons as beneficial owners. To avoid confusion, they have also stipulated that persons who are beneficial owners of such foreign corporations are also not required to report BOI to FinCEN.
Staying on Track During Volatile Markets
With the possibility of lower economic growth and market reactions to tariffs, the short-term economic outlook appears uncertain, likely contributing to market volatility. During these times, there is a fundamental principle to keep in mind—investors who do not stay invested are more likely to experience suboptimal long-term performance.
Why stay invested? Attempting to time the market often leads to missed opportunities. Selling during periods of volatility makes it difficult to reinvest at the right time, usually resulting in reentry only after the market has rebounded. Selling at market lows may mean investors miss periods of strong recovery. Some of the best market days occur in the wake of downturns, and missing just a handful of those days can significantly impact long-term returns, turning temporary declines into permanent setbacks.
It’s natural to fear market correction or a bear market; you are not alone! Reviewing your wealth plan to understand the impact of potential short-to-medium-term headwinds, such as inflation and a market downturn, can provide reassurance. In the context of a long-term plan, you may find perspective and avoid decisions driven by fear.
Maintaining sufficient liquidity through dedicated cash-like accounts and credit lines can provide additional peace of mind for those relying on portfolio withdrawals to fund their lifestyle. Knowing there is access to funds for near-term needs can reduce the temptation to sell investments at an inopportune time.
Focusing on long-term objectives reinforces the importance of staying invested. Using interactive visualizations customized for your plan is a powerful way to keep the current market environment in perspective.
Please reach out to your Wealth Manager with questions.
Weekly Commentary
Wealth Planning Commentary – March 24, 2025
Beneficial Ownership Information (BOI) Reporting Update
FinCEN has removed the requirement for U.S. companies and persons to report beneficial ownership information (BOI) under the Corporate Transparency Act, effective March 2, 2025. Now, only foreign entities registering to do business in the U.S. must report BOI, but they are not required to disclose U.S. persons as beneficial owners. To avoid confusion, they have also stipulated that persons who are beneficial owners of such foreign corporations are also not required to report BOI to FinCEN.
Staying on Track During Volatile Markets
With the possibility of lower economic growth and market reactions to tariffs, the short-term economic outlook appears uncertain, likely contributing to market volatility. During these times, there is a fundamental principle to keep in mind—investors who do not stay invested are more likely to experience suboptimal long-term performance.
Why stay invested? Attempting to time the market often leads to missed opportunities. Selling during periods of volatility makes it difficult to reinvest at the right time, usually resulting in reentry only after the market has rebounded. Selling at market lows may mean investors miss periods of strong recovery. Some of the best market days occur in the wake of downturns, and missing just a handful of those days can significantly impact long-term returns, turning temporary declines into permanent setbacks.
It’s natural to fear market correction or a bear market; you are not alone! Reviewing your wealth plan to understand the impact of potential short-to-medium-term headwinds, such as inflation and a market downturn, can provide reassurance. In the context of a long-term plan, you may find perspective and avoid decisions driven by fear.
Maintaining sufficient liquidity through dedicated cash-like accounts and credit lines can provide additional peace of mind for those relying on portfolio withdrawals to fund their lifestyle. Knowing there is access to funds for near-term needs can reduce the temptation to sell investments at an inopportune time.
Focusing on long-term objectives reinforces the importance of staying invested. Using interactive visualizations customized for your plan is a powerful way to keep the current market environment in perspective.
Please reach out to your Wealth Manager with questions.
Disclosure and Source
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