By Jayson Brown, CFP, Partner Baseball season is upon us once again. For us baseball fanatics, the return of baseball represents so much. It’s the beginning of spring. It’s also an indication that the year is somehow moving incredibly fast since it’s already almost Q2. It also means the summer is quickly approaching. Baseball and wealth management…
Key Takeaways Most people think managing wealth boils down to numbers and strategies. On the contrary, as Morgan Housel illuminates in The Psychology of Money, accumulating wealth is largely behavioral. Through nineteen short stories, Housel reveals the biases that commonly inflict our financial decision making. While the book offers timeless lessons for any investor, there…
Key Takeaways The financial world often resembles a rollercoaster, with trends that rocket to popularity before plunging into disfavor. One of the most intriguing financial phenomena in recent years has been the rise and fall of SPACs, or special purpose acquisition companies. After a recent surge in 2020, SPACs have since cratered due to poor…
Key Takeaways In the fast-paced world of startups and businesses, understanding financial health is crucial, and one key metric that often flies under the radar is burn rate. This measure can be a business’s lifeblood or its downfall, making it essential for entrepreneurs and investors alike to grasp its significance. By tracking burn rate closely,…
Key Takeaways Definition of Carried Interest The origins of carried interest date back to the 16th century. During this time, European ship captains took on significant risks embarking on perilous voyages to Asia and the America to trade goods. In return, they were rewarded with a 20% share of the profits from the goods they transported. Today,…
“He remembered poor Julian…and how he had started a story once that began, ‘The very rich are different from you and me.’ And how someone had said to Julian, ‘Yes, they have more money.” By Scott Welch, CIMA®, Chief Investment Officer & Partner Reviewed by Carter Mecham, CMA®, IACCP® This quote was Ernest Hemingway’s somewhat…
Just over ten years ago, Mr. Jayson Brown, CFP®, was consistently ranked one of the top investment advisors out of approximately 930 in the country at TD Ameritrade. He was managing more than $150 million in assets and was responsible for securing more than $400 million in gross new assets. Still, he felt something was…
With the end of the year fast approaching, now is the time to connect with your financial advisor to get your financial house in order. There is much to consider, from tax-loss harvesting, to charitable gifting strategies, to retirement account distributions. The following checklist is an excellent tool to review with your advisor to ensure…
By Mariia Eroshin, CFA, CPA, CFP®, MBA, Managing Director of Family Office, Foundations & Endowments All your hard work is about to pay off. Three demanding years of law school, the late nights cramming for the State Bar and even the later nights relentlessly making sure every need of your clients are taken care of.…
Attorneys are well known for paying close attention to the “fine print” and reading “between the lines.” That discipline is honed over years of practice and serves them well in most instances. Still, it can be difficult for even the most skilled attorney to make sense of all the fees (transparent and hidden) that many…