Wealth Transfer: The Clock is Ticking
March 30, 2023 – Now may be one of the best opportunities to transfer a significant amount of wealth to future generations. The present market and legislative landscape have created ideal conditions for high and ultra-high-net-worth individuals and families to gift as much of their assets as they can afford to part with. However, this moment may be fleeting.
Avoiding Retirement Withdrawal Taxes Can Be Tricky
March 27, 2023 – Managing Director, and Principal John Lau CPA,CFP was featured in Financial Advisor Magazine to discuss ‘Avoiding Retirement Withdrawal Taxes Can Be Tricky.’ “Other considerations include the sale of a residence in the former state, how much the taxpayer needs to withdraw from retirement accounts, life expectancy and the presence of children […]
Markets & Fed Moves
March 24, 2023 – Let’s talk about what’s going on in markets and the economy after the recent bank failures. Quick recap: Over the last few weeks, several banks have collapsed under the pressure of bad management, high interest rates, portfolio losses, and a run of depositor withdrawals. Since then, regulators, governments, and other major […]
3 Questions with Robertson Stephens featuring Jeanette Garretty
March 23, 2023 – Chief Economist, Jeanette Garretty, joins Chief Marketing Officer, Louis Calabrese, to discuss the recent FOMC meeting and the economic effects of the Silicon Valley Bank collapse. Disclosures Investment advisory services offered through Robertson Stephens Wealth Management, LLC (“Robertson Stephens”), an SEC-registered investment advisor. Registration does not imply any specific level of […]
Have an overfunded 529? New laws can help
By Vicky Jung, CFP® and Mallon FitzPatrick, CFP® March 22, 2023 – A provision within the recently enacted Secure Act 2.0 may benefit those with an overfunded 529 and provide a new estate planning opportunity. The penalties are high if the funds withdrawn from an education account are not used for education expenses. The gains […]
IN the Office with Mallon FitzPatrick
March 20, 2023 – Principal and Managing Director, Mallon FitzPatrick was featured on InvestmentNews “IN the Office” discussing ‘Why current market conditions and regulations make this the ideal time to transfer wealth.’ “There’s two reasons right now that it’s a great time to transfer wealth. One, we have the highest lifetime exclusion at $13 million, […]
Unforced Errors
By Avi Deutsch March 17, 2023 – The financial infrastructure that enables the modern economy is a work of wonder. A global machinery of banks, brokerage firms, investment banks, stock exchanges, fund managers, and insurance companies hums in the background of our lives. This machinery is governed by a bewildering array of domestic governments and […]
Some Advisors Tell Clients To Limit Bank Deposits To $250K Per Bank
March 15, 2023 – Principal and Managing Director, Mallon FitzPatrick was featured in Financial Advisor Magazine coverage of what are advisors telling clients to do about their cash accounts with the recent bank failures. “Think of liquidity in terms of number months to fund lifestyle and add an amount for short-term goals,” said FitzPatrick. “A […]
Reflections on Banking
By Jeanette Garretty, Chief Economist March 15, 2023 – My career in finance is almost exactly coincident with the deregulation of the banking industry. The Deregulation and Monetary Control Act of 1980 allowed depository institutions a freer hand in setting depository account interest rates, partly in response to the innovation of the enormously popular CMA […]
Robertson Stephens’ Garretty Reacts to US CPI
March 15, 2023 – Chief Economist and Managing Director, Jeanette Garretty appeared on Bloomberg to discuss the latest US CPI data and banking sector turmoil. “There’s always systemic risk when it comes to banking. It is embedded in everything that we do. But unlike 2008, we’ve got experience that these Fed officials have a great […]
What the Bank Failures Mean for Markets?
By John Lau March 14, 2023 – Over the weekend, three major U.S. banks failed, and the Fed announced a new lending facility to shore up the banking sector; investors are being painfully reminded of 2008 and are wondering 1) What’s happening? 2) What does it mean for them and their accounts? 3) Is this […]
Money Market Funds
By CIO, Stuart Katz March 13, 2023 – During the April 2020 COVID market meltdown, there was an increasing number of questions regarding money market funds. It seems we are “back to the future.” Below is the Investment Office’s summary of several key issues to consider in this environment of elevated uncertainty and volatility. “Broke […]