Artificial Intelligence - Advancing Your Family

Artificial Intelligence: Advancing Your Family

Are you on a first-name basis with Alexa or Siri? Whether you know it or not, artificial intelligence (AI) is a part of your life. While such technological advances were promised to us for decades, until recently they were just that – promises, available in relatively primitive forms to the privileged few. In the last few years, however, the use …

Financial Planning

Financial Planning: A Fiduciary Business®

How does a financial planner add value in a Family Office? How does financial planning contribute to operating as a Fiduciary Business®? While there are certainly many elements of “hard science”, a large part of financial planning depends on other factors – getting to know the client and being able to clearly articulate their goals and needs. The relationship between …

Family Legacy Coaching

Planning Your Family’s Legacy: A Fiduciary Business®

Within every family office, there is a range of services available to individuals and families, each of which tackles a distinct issue related to the rest. Most of those – such as investments, financial planning and tax strategies – are focused on assets. Family coaching, on the other hand, focuses exclusively on the family. The distinction is one of financial …

The Broader Universe

A Fiduciary Business®: The Broader Universe

While the general public is becoming increasingly aware of the difference between fiduciary and non-fiduciary financial advisors, lost in the hubbub over that distinction is the fact that the same principle can be applied to the broader universe of advisory services. The words “fiduciary” and “business” should be irrevocably linked with the ultimate goal of all kinds of enterprises putting …

Generational Wealth

Generational Wealth: Family Forward Transparency

Within every family office, there is a range of services available to individuals and families, each of which tackles a distinct issue related to the rest. Most of those – such as investments, financial planning and tax strategies – are focused on the assets. Family coaching, on the other hand, focuses exclusively on the family. The distinction is one of …

Medical Choices

Planning For Medical Choices: A Fiduciary Business®

Bestselling author Barbara Ehrenreich is back with a book that is sure to lead to a lot of questions about the choices she’s making. The 76 year-old, described by The New Yorker as “a veteran muckraker,” has written Natural Causes: An Epidemic of Wellness, the Certainty of Dying and Killing Ourselves to Live Longer, in which she describes at length …

Exponential Change

Living In An Era Of Exponential Change

Albert Einstein famously said, “Compound interest is the eighth wonder of the world.” Indeed, it is one of the bedrock foundations of wealth advisors, this notion that investing early and often allows small amounts to become much more than the sum of their parts. Instead, they can grow exponentially. The simplest mathematical example of the power of exponential growth involves …

Transparent Travel

Safe Travels

As graduations conclude and the weather heats up, families across America are embarking on summer vacations, traveling the roads and airways to destinations both familiar and exotic. In many cases, a modicum of self-planning will be enough for a satisfying trip, but in other situations it may take expert advice to maximize everyone’s enjoyment. You might know that you want …

Market Volatility

Volatility Demands a True Fiduciary®

Right on the heels of a prolonged period of record-setting growth, the stock market has been a roller coaster, experiencing spurts of extreme volatility. Our general belief is that the fundamentals of the economy remain strong, and that this is likely not a sign of substantial future declines. Nevertheless, we understand that investors may have different levels of risk tolerance …

SEC vs DOL

The Fiduciary Rule Lives On

The Department of Labor promulgated a “fiduciary rule” that would have required financial advisors to act in the best interests of their clients, rather than merely requiring them to provide “suitable” advice. Under pressure from some corners of the Wall Street universe, implementation of the rule’s key provisions was later delayed until July of 2019. In March of 2018, the …

Transparency and Clarity

Transparency Drives Trust: True Fiduciary®

Supreme Court Justice Louis Brandeis famously wrote, “Sunlight is said to be the best of disinfectants; electric light the most efficient policeman.” *** The goal of True Fiduciary® is to promote transparency across the financial industry and throughout every investor’s financial life. We believe True Fiduciary® Standards are so effective in doing so that they have the near-term potential to …

Introduction to Blockchain Technology

Blockchain & Digital Assets: Unraveling The Value

Presentation Takeaways: Fundamental understanding of blockchain, digital assets, and cryptocurrencies. Global problems that are being solved. Why this will change the world’s banking system. Audio Recording:   Presented by Nathana O’Brien Sharma Nathana O’Brien Sharma is the Program Director for Faculty Affairs and Principal for Blockchain, Law, Policy & Ethics at Singularity University. She is also a Partner at Crypto …

Ethics & Standards

Redefining Protection: Moving Toward True Fiduciary®

A positive step took place in the financial industry to help improve the value of advice given by financial planners and advisors. In an effort “to maintain the value, integrity and relevance of the CFP® certification,” the CFP Board adopted a new Code of Ethics and Standards of Conduct, which shall become effective on October 1, 2019. It is the …

True Fiduciary Necessary

Why Is The True Fiduciary® Standard Necessary?

Throughout the course of your life, you will deal with a vast array of professional experts, almost all of whom you’ll expect to adhere to a certain basic ethical standard, one that allows arm’s length dealings and no hidden motives. We expect our doctors to faithfully follow the Hippocratic Oath. We expect our attorneys to advocate vigorously for our best …

Barron's 2018 Top Advisors By State

Barron’s Ranks Paul Pagnato #3 in Virginia on Top 1,200 Advisors List For 2018

RESTON, Va., March 21, 2018 /PRNewswire/ — Paul A. Pagnato, Founder and CEO at PagnatoKarp, has been ranked #3 in Virginia on Barron’s Top 1,200 Advisors for 2018. The annual ranking is Barron’s largest, most comprehensive listing, encompassing financial advisors from all over the nation, from small independent advisors to big Wall Street firms. This is Pagnato’s eighth time appearing on …

Forbes 2018 Best In State #2

Forbes Ranks Paul Pagnato #2 In Virginia On Best-In-State Wealth Advisors List

RESTON, Va., Feb. 27, 2018 /PRNewswire/ — Forbes has ranked Paul Pagnato the #2 Wealth Advisor in Virginia on its inaugural 2018 Best-In-State List. Forbes and SHOOK Research created this new list, which spotlights over 2,000 top-performing wealth advisors across the country, to help investors find high quality advisors in every state. Pagnato is also ranked #19 on Barron’s Top 100 …

Warren Buffet's Letter to Shareholders

Highlights: Warren Buffett’s Annual Letter To Shareholders

By John Melloy, CNBC, February 24, 2018 Warren Buffett’s highly anticipated annual letter to Berkshire Hathaway shareholders released on Saturday did not disappoint this year with a little something for all fans of the Oracle of Omaha, from professional value investors to the casual admirers of his wit and wisdom. Most newsworthy in this year’s edition, the 87-year old billionaire …

Top 5 Tax Tips 2018

Top 5 Tax Tips For 2018

We are already over a month into the 2018 year! Here are five tax tips to get you on your way to a successful 2018: 1. Check Your Withholding The IRS recently released new payroll withholding tables that take the new tax law into consideration. All employers should be using the new tables no later than February 15, 2018. Please …

Asset Safety Video

VIDEO: 10 Steps To Asset Safety And Reduced Costs

One percent. That’s the amount that a Presidential Report concluded the average non-fiduciary advisor costs their clients in a typical year. Doesn’t sound like much, but it’s huge, because in a 10 year period that small percentage grows, snowballing to a difference of 12%. Over the course of your working life, it looms even larger – an amount that has …