How Wealthy Families are Providing Coronavirus Relief Through Direct Investment

There is no doubt that 2020 has been a challenging and transformative year. For some, every aspect of life has been upended by the pandemic; for others, the day-to-day has continued largely unchanged. No one, however, has remained completely unscathed.   The same is true in the business world. Many, unfortunately, have shuttered their doors or are on the verge of doing so, while other businesses are being created or pivoting in order to transcend the limitations placed on them. Like most crises, the pandemic has presented not only challenges but opportunities for exponential growth as we learn how to do things more efficiently, more conscientiously, and more profitably. For high net worth individuals and families, who have already pledged billions to pandemic relief efforts, it has provided an additional way to support the economy while growing their wealth.…

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Managing multiple properties & weather season creates a need for complete visibility with all your physical assets.

You can’t believe it’s happening again. It seems like yesterday when you purchased your second home – a modern masterpiece just a few hundred yards from the beach in Sag Harbor – only to have it nearly levelled by Superstorm Sandy. The floor-to-ceiling windows that sold you on the property were shattered, and the recently renovated great room was under several feet of water. Outside, magnificent Linden trees, some hundreds of years old, had been felled by gale-force winds and were waiting to be carted away. The aftermath of the storm was one of the most stressful times in your life. It was bad enough having to throw out the furnishings you and your spouse had chosen with such care and excitement; losing the eclectic collection of artwork and other items, most of which had been inherited from your…

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Easy on the Eyes: The Trend Toward Using Visuals for Wealth Management

There is no question that our society is becoming increasingly visual. When we click on a link to a story, we are just as likely to find a video as a written article, and emojis have become an efficient and surprisingly acceptable replacement for words, even in some business circles. The rise of Instagram indicates a preference to look at a pic and a short caption rather than a lengthy post. In our busy world, where we spend so much time staring at screens, visuals alleviate some of the mental fatigue and provide a quick way to download information.   The use of visuals has also become the latest trend in estate planning.  According to a recent New York Times article, financial planners are now using diagrams and flowcharts to create a detailed picture of one’s assets, and their…

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