Awkward cluster of insider transactions before company disclosed autopilot fatality probably isn’t the biggest question around what management knew and why shareholders didn’t find out immediately. It took Tesla Motors nine days to notify automotive regulators that one of its cars had crashed while operating on autopilot, killing the driver. Shareholders had to wait another […]
Risk management should never be a binary on-or-off proposition. Simply shuffling the hedges was all it took to earn $4.5 billion fund more money in a few weeks than just about any strategy has made all year. George Soros got a lot of press in the lead-up to the British exit from the European Union […]
Visa shares sunk more than 4 percent on the United Kingdom’s vote to leave the European Union. Britain’s “Brexit” is expected to hit the company’s bottom line in several ways, according to a Sandler O’Neill report Friday. Analyst Christopher Donat says Visa and rival MasterCard (NYSE: MA) will take a hit from slower consumer spending, […]
Nobody took the prospect of a “leave” vote seriously until the numbers started coming in. Now everything depends on follow-through, consistent client messaging and the courage to follow the future as it unfolds. The time to make sure your clients trusted your expertise was in the calm weeks before a vote an ocean away caught […]
One of Wall Street’s most persistent rumors, says Alois Pirker, a widely respected analyst at the Aite Group, is that UBS’ New York-based Americas unit could go on the block this time. And he’s skeptical of his former employer’s commitment to wealth management, despite its recent tech investments, adviser compensation sweetener and a management shake-up.
Barrage of industry lawsuits could keep new Labor Department mandate tied up for years, giving the other regulators a chance to catch up and advisors even more time to evolve on their own. When the Department of Labor unveiled the new fiduciary requirements two months ago, advisory groups took a cautious “wait and see” approach. […]
Heavyweight champion didn’t leave billions behind but after 35 years of effective retirement he could’ve done a whole lot worse. Passive income and street-level ambition overcome a lot of hard hits along the way to get the best realistic outcome given the shifts in generational scale. Across his entire boxing career, Muhammad Ali probably didn’t […]
Amber Heard pulls out the big guns with restraining order and spousal battery photos. With her star husband already emotionally distracted and on the defensive, the moral is clear: the prenup is no longer optional for any HNW client. They looked so happy last year, smuggling their beloved terriers into pet-free zones as part of […]
Many people would rank Nevada as the leading jurisdiction for trusts. The opportunities found under Nevada law have prompted numerous estate planners and financial planners to situs their clients’ trusts in Nevada to take advantage of the advantages that Nevada offers that are not available in most other states. This article will highlight many of these opportunities. It is no longer sufficient to simply use the client’s home state as the trust situs.
Baywatch actor talking down net worth on the verge of a new movie probably won’t convince the court, but it’s probably the last chance he’ll get to make his case. David Hasselhoff has a problem. After four decades of TV stardom, he’d like to retire and live on the evidently considerable residual checks. Unfortunately, court-ordered […]