Who Runs the World? Women’s wealth is soaring, and by 2030, they’re expected to control over 60% of the world’s assets—a serious power shift. This is driven by women’s rising representation in high-earning careers, increased entrepreneurship, and their significant stake in the upcoming generational wealth transfer. Nearly half of American women expect to inherit wealth within the next decade, underscoring a huge opportunity for wealth managers to connect with an influential yet underrepresented segment. Women know that one size never fits all, and their financial priorities often go beyond simple profit. Many are focused on security, legacy, and social impact,…

If you are an investor in alternative investments or are looking to invest in them for the first time, you will eventually bump into a concept called a “promote”. A promote is used when the alternative investment structure has general partner (GP) shares and limited partnership shares. A promote is the GP’s share of profits above a predetermined threshold; in many instances, the promote is also referred to as carried interest. How do you calculate it? If the investment is in real estate, the limited partners (LP) receive a preferred return tied to the specific internal rate of return (IRR).…

As women, we face many money stereotypes. We’re often seen as the spenders, sneaking to hide our recent shoe purchases from our thrifty husbands, when in reality, studies like this one from Deloitte show that men splurge as often as women and usually spend more when they do. And though much of the financial media targeted at women is about spending, according to Bank of America’s research, about 90% of women are already confident about paying bills, budgeting, and other day-to-day financial tasks. The same research shows that our biggest financial regrets as women have more to do with wishing…

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) recently released the 2024-2025 Priority Guidance Plan, highlighting 231 critical guidance projects for the upcoming fiscal year, spanning from July 1, 2024, to June 30, 2025. The comprehensive plan addresses regulatory updates and new policies reflecting recent legislative changes, including initiatives under the Inflation Reduction Act and SECURE 2.0 Act. Additionally, public engagement plays a critical role in shaping this agenda, aligning with the Taxpayer First Act’s directive to prioritize taxpayer feedback. 1. Energy Security Initiatives The plan includes robust measures to bolster the U.S. energy sector’s resilience…

Children’s stories often provide powerful lessons for adult life, and The Tortoise and the Hare is a timeless example. While the story may raise some amusing questions—like whether a rabbit would actually lose to a tortoise, or why anyone calls a rabbit a “hare”—the message behind it can be surprisingly relevant to investing. So, when thinking about investing, should one be the tortoise or the hare? The answer is both. Investing: A Marathon and a Sprint Investing is a mix of long-term patience (the tortoise) and short-term action (the hare). Two fundamental principles make this clear: the power of time…

After four years of the first Trump term marked by divisive politics, erosion of democratic norms, and economic uncertainty, the prospect of another four years has prompted a growing number of Americans to explore expatriation. However, leaving the US permanently as a citizen involves significant tax, legal, and logistical considerations that prospective expats must navigate carefully. Here are the key things US citizens need to know about expatriating under a second Trump presidency. Laying the Groundwork: Residency or Citizenship in Your New Country Establishing residency or citizenship in a new country is the first step in any relocation. Typically, this…

Retirement is one of those life events we all know is coming, but sometimes we put off preparing for it. Whether it feels far away or we’re busy managing today’s financial needs, it’s easy to fall into certain traps that could derail our long-term goals. To help ensure your retirement is as smooth and stress-free as possible, here are five common financial mistakes to watch out for—and how to avoid them. 1. Not Saving Enough Early On We’ve all heard the saying, “Time is money,” and when it comes to retirement, that couldn’t be more true. The earlier you start…

Gold and silver are the old-school favorites for those with fears about the sustainability of economic structures. Inflation is a big element in the steadiness of the buying of precious metals and the equities of companies involved in their mining. Anxieties of what might happen in Ukraine and in the Middle East add to the fear factor. Whatever the reasons are, the price of gold stocks has been rising for the better part of quite some time now. While the attention goes to whatever artificial intelligence stocks are still popping or to how lower interest rates benefit bank stocks, you…

The Federal Reserve has successfully achieved a soft landing and the current market rally should continue into next year, according to Michael Arone, chief investment strategist at State Street Global Advisors, who suggested that investors diversify beyond megacap stocks as the Federal Reserve continues to lower interest rates. The benchmark S&P 500 index is up more than 23% this year, posting more than 40 record high closes so far in 2024. In the last two years, the index has almost doubled, spurred on by solid economic data and corporate earnings. What’s more, markets breathed a sigh of relief last month…

Within the S&P 500, 42 companies reported earnings last week. 79% of S&P 500 firms have reported better-than-expected earnings for the quarter. The third-quarter earnings season enters its second busiest reporting week, with 112 S&P 500 companies scheduled to report. Among the companies scheduled include Coca-Cola (KO), Tesla (TSLA), Union Pacific (UNP), 3M (MMM), and Honeywell (HON). A more detailed preview of the earnings season is available here. The S&P 500 rose by 0.9% for the week. The Magnificent 7, consisting of Microsoft (MSFT), Meta Platforms (META), Amazon.com (AMZN), Apple (AAPL), NVIDIA SPDR Dow Jones Industrial Average ETF Trust (NVDA),…