That the incoming White House is in favor of the “drill baby drill” approach to energy is a negative for the renewable type if you can judge by the recent market action. The 4 names on this list are being sold by investors at such a pace that the stock of each one is dropping to lows not seen in months. The sense is that a Trump administration will greatly boost oil and gas exploration and production and generally ignore or stomp on renewable forms of energy. Many believe this is a short-sighted view of an issue of great significance…

In our 2023 Global Family Office Compensation Benchmark report, we found that 60% of the surveyed family offices identify risk-adjusted growth as the main purpose of the entity. This means that investment management is the core function for a lot of family offices. Family offices face a critical decision: should they outsource investment management or manage it themselves? Outsourcing can bring benefits, like access to specialized expertise and potential cost savings, it is important to consider the downsides, such as having less control and potential misalignment of interests. Outsource vs. In House Most family offices operate on a very small…

Significant updates are coming to 401(k) plans in the near future, thanks to the Secure Act 2.0. With several notable provisions going into effect, 2025 will bring new opportunities for individuals to enhance their retirement strategies. As the saying goes, those who fail to plan, plan to fail—so now’s the time to get familiar with what’s changing. Here’s a rundown of the provisions expected to roll out: Super Catch-Up – Beginning in 2025, anyone aged 60, 61, 62, or 63 at the start of the calendar year can contribute the greater of $10,000 or 150% of the regular age-50 catch-up…

Team Name: Fowler Bull Group Firm: Morgan Stanley Private Wealth Management Senior Members: Shawn Fowler, Max Bull Location: Denver, CO Team Custodied Assets: $14.7 billion Background: Shawn Fowler grew up in Texas in a military family before studying finance at the University of Colorado Boulder. He joined Morgan Stanley nearly 25 years ago. His partner, Max Bull, attended the University of Denver and captained its hockey team to a national championship. He played a year of minor league hockey after college, but soon decided to transition into a career at Morgan Stanley, joining Fowler in 2005; Today, the team number…

Why use a wealth advisor just to invest money? Everyday wealth advisors seek to add value for the families they serve—in turn, cultivating deeper and deeper relationships. And as families bring their advisors deeper into the complexities of their lives, the top advisors are responding with teams of specialists to provide tailored service. The service offerings are lengthy, including: wealth transfer strategies, liability management, charitable giving, concierge services, geriatric services, high-end reporting, family governance, career planning, family meeting coordination, family education. And, oh yeah, investment strategy and implementation. Where does one begin to search for the right team? SHOOK is…

Team Name: Bel-Air Wealth Management Firm: UBS Wealth Management Senior Members: John Acker, David Selig, Mark Tunney, Todd Feiereisen, John Buchanan Location: Los Angeles, CA Team Custodied Assets: $2.1 billion Background: John Acker grew up outside of Los Angeles and majored in accounting at the University of Colorado Boulder. After finishing graduate school at the University of Southern California, he did several stints working at merchant banks before deciding to cut down on travel and be closer to his family. He joined UBS in 2006 and formed the team in 2009—it wasn’t until 2017, when David Selig and Todd Feiereisen…

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…