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Financial Professionals

Blog perspective

The 3 P’s for Financial Professionals: Perspective

In our first blog The 3 P’s for Financial Professionals: Passion we identified your personal, professional and lifelong goals. Now, let’s look at Perspective. The purpose behind perspective is to have a healthy understanding of the investments driving those underlying passions and recognize the risk/return elements of each asset class on your balance sheet. It’s […]

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Blog

Your Restricted Stock Just Vested: Should You Sell Now or Wait?

Restricted stock is a key part of many stock-based compensation plans. Unfortunately, you can’t control when it vests (i.e., becomes yours to keep). When it happens in a down market, it certainly doesn’t feel good. And depending on your industry, your stock may be down a lot more than the market, which feels even worse. […]

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Blog

The 3P’s for Financial Professionals – Passion

One of my favorite questions to ask financial professionals (private equity professionals, investment bankers, and asset managers) is how they define wealth. For some, their answer is largely defined by the strength of their balance sheet or the variety of assets they own. Others characterize it by metrics of their personal success or by the […]

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Blog Family spending time together

The 3 P’s for Financial Professionals

Recently, I was playing with my three-year-old daughter in our playroom, and as she was running around in her favorite Elsa dress, she turned to me and, with a sweet little voice, said, “Daddy, I love you.” In this moment, I realized that all the work I do is for a much larger purpose – […]

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Blog phantom stock and stock appreciation rights review

An Introduction to Phantom Stock and Stock Appreciation Rights

Providing equity is one of the best ways for companies to attract, retain and motivate top talent. Equity-based compensation can align the goals of key employees with the organization, ultimately increasing motivation, retention and results. However, it’s not always easy to give actual ownership, especially if the shares are illiquid, cash is tight, or existing […]

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Wealth Watch

Reducing Year-End Taxes on Your Investments

Nobody wants additional taxes for the holidays, so throughout the year, we look for ways to minimize them.  With year-end approaching, it’s a good time to review a few strategies that can potentially reduce your tax bill. Tax-Loss Harvesting The goal of tax loss harvesting is to stay in the market while capturing the current […]

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Blog

I Work in Finance, Are My Taxes Going Up?

In my conversations with financial professionals (private equity professionals, investment bankers, asset managers), I commonly ask the question, “what are you most concerned about as it pertains to your personal wealth management?” The answer, almost unanimously, revolves around taxes. This is a major area of concern, and the past year has left many people scratching […]

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Tax Increases and Stock Options. What Does This Mean for You?

With possible tax increases coming soon, what does that mean for your stock options? A new bill could be passed at the 11th hour, and with year-end approaching, now is the time to analyze how this may impact you. Stock Options – A Brief Overview Stock options give employees the right to buy company stock […]

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How Financial Professionals Should View Risk During a Pandemic

The pandemic changed many aspects of life for financial professionals (private equity professionals, investment bankers, and asset managers). Like many, the future of work, the outlook for their career, and their future travel have all morphed. However, working with many financial professionals on their personal wealth management at the height of the pandemic panic led […]

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Leaving Your Job? 4 Executive Compensation Considerations

Thinking about leaving your job? You’re not alone. 2021 is turning into the “Big Resignation,” with millions either quitting or thinking about leaving for greener pastures. If you are a professional falling into this camp, what does that mean for your Executive Compensation? Here are key considerations if you’re thinking about making a leap. 1. […]

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How Do I Gift My Carried Interest?

After meeting with your personal CFO and financial team, you have determined, as a private equity professional, that gifting carried interest fits within the scope of your long-term financial goals. You have reviewed future cash flows, potential income and estate tax savings, and the amount of estimated growth you are shifting to future generations. The […]

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Fraudulent Unemployment Claims – How To Spot It, Report It, and Protect Your Identity

The rise of unemployment and the increase in unemployment benefits resulting from COVID-19 has pathed the way for criminals to take advantage of state governments and their unemployment programs and filing systems, resulting in a significant spike in fraudulent unemployment claims all across the country. Criminals take on innocent people’s identities, using their social security […]

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