Spontaneous Family Wealth Discussions and Decisions Can Lead to Regrets, Finds Merrill Study
Nearly four in five wealthy families have had unplanned discussions about wealth with 26% later regretting it, according to a new study.
Dimon: The Excess Savings Amassed by Low-Income Consumers are Now Gone
JPM CEO Jamie Dimon sees a divergence between the two ends of his customer base, with lower-income consumers running out of a cash cushion.
Smartleaf Surpasses $50 Billion in AUM, Cementing Its Role as Direct Indexing and Rebalancing Leader
Smartleaf, the industry leader in the provision of automated, customized, tax-sensitive rebalancing systems, has announced its total assets under management have now exceeded $50 billion. This milestone not only signifies the maturity of Smartleaf's cutting-edge technology but also reflects the growing demand for its services, which streamline personalization and tax optimization for both advisors and investors. Further, it underscores the market's clear recognition of these capabilities as vital competencies, rather than mere products.
What Is Direct Indexing?
(USA Today) A new investment strategy is slowly making its way to Main Street investors as technology improves and lowers trading costs.
Russell Investments: How To Use Direct Indexing To Offset Taxes On A Future Financial Windfall
(Russell Investments) Many high net-worth individuals are planning on selling a business, property or large stock position in the future. These types of sales typically generate a significant capital gains tax liability that needs to be planned for years in advance. Unfortunately, many advisors fail to help clients look this far into the future and have yet to put a plan in place.
