Posted on February 3, 2022
Retiring baby boomers will sell or bequeath $10 trillion of assets over the next two decades, according to most estimates. A large amount of these assets is held in more than 12 million privately owned businesses and more than 70% of these businesses are expected to change hands. For many baby boomers who own businesses,
Posted on February 2, 2022
The following story swathes several crucial financial topics – the importance of an early start to investing; the time value of money; family governance; and the power of compounding. Each of these topics are integrated into the Wealth Management services in which we advise our clients. Here at the Trust Company, we are called upon to explain complex estate planning, investment philosophies and the management of financial goals. From time to time, however, we learn clever and intelligent ideas from our very wise clients, and that is what I am sharing today.
Posted on February 2, 2022
To see the American economy as boisterous as it is today should elicit gladness from wealth managers. After all, this is the first time the United States has emerged from a recession with stock prices near all-time highs, home prices escalating at rapid rates, households’ net worth at record levels, and Americans holding more than $2 trillion in excess savings in their bank accounts thanks to stimulus checks.
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