Hard times have hatched a new breed of debt collectors with a specialty: harassing bereaved relatives and ex-spouses to pay debts incurred by the recently deceased on “moral” grounds, even when there’s no legal duty to pay. David Jonah, 58 of Snoqualmie Falls, WA, prided himself on his meticulous handling of his credit card debt […]
About Scott Martin
Scott Martin has been tracking various aspects of the financial industry since 2001 for publications like Research, Buyside and Institutional Investor. Previously, he was a market writer for CNN. As an advocate for the trust industry, he has testified to the Nevada Senate Committee on Commerce, Labor and Energy on issues of national competition. He is also active as a marketing and editorial consultant for registered investment advisors.
Posts by Scott Martin:
No trust fund for the TV news icon raises questions that everyone should be asking: how much does 90-year-old Gloria actually have left and where will it actually go? All of this became headlines in a recent Howard Stern Interview with Cooper that uneartthed his first time disclosure about being disinherited and why he really […]
RNC chairman’s calendar got full over the last month and while the replacement is nice, she really doesn’t have wealth management issues top of mind. Reince Priebus and hedge fund hotshot Anthony Scaramucci were going to be two out of the six headline guests at this year’s MarketCounsel Summit. But that was before the election […]
Promotional perks can actually unleash structural opportunities for advisors looking for ways to leverage capacity into mission-critical pursuits while unbundling everything but the essential. When Los Angeles real estate billionaire Rick Caruso built an Uber depot into his legendary shopping center The Grove, the motive was a lot bigger than simply subsidizing visits from people […]
Classic cars aren’t the only antiques rolling around modern Cuba. Longtime strongman Fidel Castro left a global network of accounts behind that would be practically impossible to build today. The money will be even trickier to distribute to his heirs. The days when foreign dictators could stuff Swiss accounts with cash in the event of […]
Generations of protocol and best UHNW practice look increasingly fragile as a new administration throws out the established rulebook. New dynastic opportunities are stacking up behind the challenges. Even if Donald Trump ends up handing over the keys to the golf club to his kids while he’s running the country, the framework of what a […]
Barely six months after the fiercely independent star’s death, his estate swings to the path of least resistance and easiest cash flow. Sometimes it’s simply impossible to keep a “family business” going. Prince was a legend even among his fans for his obsession with handling every detail of his extraordinarily rich career personally, which is […]
While the savvy comedian evidently pulled the once-public trusts back into the shadows before he died, what we know about the assets might produce a little better than tragedy. The small comfort for Robin Williams’ grieving heirs is that despite rumors, his real estate plan is tighter than anything younger and less wealthy stars like […]
Anchors Megyn Kelly, Anderson Cooper Rake in Millions from Fox, CNN Each Year: Does the Math Add Up?
While the political waves crash against media star ambitions, the core drivers of rich compensation pools remain unchanged. Advisors can appreciate the way the ROI stacks and counsel their HNW clients appropriately. On the surface, it’s absurd that the biggest cable news stars are demanding paychecks to match Wall Street’s top CEOs. After all, talent […]
A careful reading of the tax returns reveals a void where most highly compensated couples would normally cultivate working assets. If the Clintons have accumulated a lot of wealth, they’ve hidden it with practically counterproductive care. Political transparency is far from an exact science. We have a vague sense of what most Washington players are […]