Security Strategies for HNW Clients

By: Joseph Lisanti, OnWallStreet Friday, March 21, 2014 Do wealthy clients ask their financial advisors about security? “All the time,” says Jason Romano, a principal with Moss Adams Wealth Advisors in Los Angeles. And it’s not a one-way street. “We have several clients who have given us ideas,” says Romano, who has passed them along to other clients. High-net-worth clients …

Weak Housing Data

By Dave Schombert, MCS The monthly housing starts and building permit numbers were released this morning and they were not impressive.  Housing starts in January (seasonally adjusted annualized rate) were 880K – that is down 16% from December and down 2% year-over-year from January 2013. Again, cold weather seems to be getting the blame.  The pertinent point of reference on …

Argentina’s troubles reflect how “cheap” stock markets can get cheaper

By Dave Schombert, MCS The media continually opines on different markets being perceived as “cheap”, meaning they should be considered for investment.  Generally speaking, it always comes down to timing as evidenced by the following: Investors are pulling out of Argentina’s currencies and bonds as its financial situation deteriorates.  After a relatively decent 2013 the country’s government bonds have fallen …

Emerging Markets and the US Dollar

By Dave Schombert, MCS Now that the US is haltingly climbing out of its economic morass and the Fed is beginning to unwind its monetary stimulus program, another “Golden Age” for the US Dollar could be forthcoming.  Previous periods of Dollar strength have been accompanied by crises in Emerging Markets.  In the 1980’s and 1990’s the currencies of many countries …

Nonfarm Payroll, Unemployment, and the Labor Force Participation Rate

By Dave Schombert , MCS Today the Bureau of Labor Statistics (BLS) released the most anticipated numbers of the month; the total nonfarm payroll was +74,000, the unemployment number was 6.7%, and the labor force participation rate was 62.8%. Now let’s compare those numbers to healthy economic pertinent reference points: nonfarm payroll – 250,000 to 300,000 per month, unemployment 5% …

Inflation Early Warning Indicator

Inflation Early Warning Indicator By Dave Schombert, Metropolitan Capital Strategies The U.S. Bureau of Labor Statistics’ Employment Cost Index is one of the most important early warning indicators of inflation – watch it closely going forward. Adjusted for inflation, the median household income (half of all incomes are below it and half are above it) is about 6% below 2007 …

Investor Education: Family Governance – Know Your Why

By Dr. Richard Orlando What is the technology you are using to make the most important family wealth decisions that impact your legacy? This is the second part in the series on legacy planning. During the first part of the series, I defined what legacy planning is and what it is not and what I shared was that legacy planning …

Investor Education: Tax and Estate Planning – Minimizing Taxes in a Taxable Estate

By Wayne Cooper Today we are going to discuss minimizing taxes in a taxable estate. The two transactions we are going to discuss are low interest rate loans to children and Grantor Retained Annuity Trusts or GRATs. For purposes of these transactions, the IRS establishes a monthly hurdle rate. If these rates or greater are used in these transactions, then …

Investor Education – Tax & Estate Planning: Restricting a Beneficiary’s Access to Principal

By Wayne Cooper There are two ways a beneficiary can access principal of a trust. A beneficiary may be entitled to an automatic distribution or an allowable withdrawal from the trust or a trustee could have discretion in making distributions to the beneficiary.  In the past, many estate planning lawyers would provide a beneficiary access to trust principal on attaining certain …

Private Concierge: Protect Yourself – Travel Insurance

By Shauna Smith, Concierge Planning a holiday ski trip or a family beach getaway in the coming months? In addition to making all of your typical arrangements – booking airline tickets, making hotel reservations, gathering activity recommendations, etc. – you may want to consider adding one more item to your travel to-do list: purchasing travel insurance. Depending on the total …

Industry News: Navy Gold Coast Small Business Procurement Event: First-hand reporting on DoD and USN budgets and future procurements

By Bob Gourley This week in San Diego, over 1100 registrants heard presentations on how to do business with the Navy. Although billed as a Small Business event, it was equally attended by small, medium and large industries – all hoping to improve their understanding of the upcoming opportunities. The event was well organized and the information presented was valuable, …

Private Concierge: More Travelers Skipping Long and Frustrating Airport Lines

By Shauna Smith and Linda O. Terrill Have you noticed more and more travelers skipping the long and frustrating airport lines?  Most are likely part of a Trusted Traveler Program (TPP) developed by Homeland Security and Customs and Border Protection (CBP).  Trusted Traveler Programs provide dedicated lanes and kiosks for pre-approved, low-risk travelers. There are several different TTP you can …

Investor Education: Restricting Your Children’s Access to Trust Income

By Wayne Cooper Today we are going to discuss restricting your children’s access to trust income. Trust income is generally the income earned by the trust in the form of interest and dividends. Parents today are concerned the large inheritance will not empower their children to succeed but instead could enable their children to sit back and do nothing other …