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wealth is entropic

Your Wealth Is Entropic: Use It (Or Not), You Will Lose It

Like Life Itself, Your Wealth is Entropic The hard truth about life is that the moment we are born a process begins that leads to our death. While some days are better than others, our cells and our bodies are on a constant path of growth and decline that leads inevitably to, well, you know […]


improve banking relationships

Guidelines to Improve Banking Relationships (What Does Edgar Allan Poe Have to Do With It?)

Good Character and Cash Flow Improve Banking Relationships Typically, there is significant triage to be done before determining if you can improve banking relationships. Most often, the problems come back to cash flow and misunderstanding what banks do. While Boards do not manage bank relationships directly, they are responsible for the firm’s capital structure, and […]


recognizing tipping points

Recognizing Tipping Points to Keep Family Wealth in the Family

Preserve Wealth by Recognizing Tipping Points Families that have worked extremely hard to build wealth find it even more difficult to preserve that wealth over time. Often, the concern is that a wealthy family could go from shirtsleeves to shirtless in three generations. The first generation creates the wealth. The second generation consumes the wealth and the third […]


benefits of organized philanthropy

Smart Giving Gives Back: The Surprising Benefits of Organized Philanthropy

It’s not Selfish to Reap the Benefits of Organized Philanthropy Bringing family members together to invest philanthropically is a game changer, but organized giving can challenge even the strongest families. Yes, philanthropy is about generosity, but it can also feel like a time-consuming obligation. It can be messy and administratively intensive. And that’s all before […]


hiring a corporate trustee

Five Reasons Why Hiring a Corporate Trustee May Be the Right Move

Death and the Distribution of a Descendant’s Dough A trustee manages the assets, distributions and other obligations under a trust agreement. A corporate trustee is an entity, such as a bank-owned or independent trust company. There are many types of trusts. One of the more common is a testamentary trust. A testamentary trust is a […]


best advisor you can hire

Don’t Go It Alone: The Best Advisor You Can Hire Is Worth Every Penny

The Best Advisor You Can Hire Would Hire Herself, Too The best advisor you can hire will be a clever and a creative problem solver who interacts with you with total integrity, honesty, and ethical conduct. The worst? Someone’s goal of growing richer and richer at your expense- and that’s one of the better scenarios. […]


save on college costs

How Small Business Owners Can Save on College Costs

10 Strategies to Help You Save on College Costs For small business owners, understanding three little words—expected family contribution, or EFC—can save on college costs (we’re talking thousands of dollars). How you structure your business, where you hold assets and which schools your child applies to all affect your EFC. So, where to begin? Try […]


using cash instead of credit

Using Cash Instead of Credit to Keep You Accountable for Your Spending (and Out of Debt)

Get Out of Debt by Using Cash Instead of Credit When Jenny and Kenny (the “Chargers”) came to speak to me the first time, there were raised voices and accusations. The Chargers recognized their spending had become out of control, but each felt the other was to blame. Using cash instead of credit was something […]


Employee Stock Ownership Plans, Trump Tax Reform

Another Look at Tax Advantages of Employee Stock Ownership Plans Following Trump Tax Reform

Editor’s Note: This is an updated version of a previous article. To view the original, click here. Employee Stock Ownership Plans Offer Many Economic Perks Employee stock ownership plans, commonly referred to as an ESOP, offer a range of benefits for sponsor companies in addition to its owners and employees. As a qualified employee benefit […]


Improve Your Relationship with Your Advisor

Improve Your Relationship with Your Advisor (and Improve Your Bottom Line)

Success Depends as Much on You as it does Them So you want to improve your relationship with your advisor? Is the relationship tenuous or does it feel like there are trust issues- from your end and theirs? Read on! Keep in mind that while your trusted advisor is not perfect, neither are you. Some […]


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