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Financial Professionals

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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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Gifting of Carried Interest – A Strategy To Save Estate Taxes

One of the common pain points for financial professionals (private equity professionals, investment bankers, and asset managers) that we hear is “I pay too much in taxes.” Most professionals typically are talking about income taxes; however, estate taxes often get overlooked. If you are a private equity professional, one of the great tactics unique to […]

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Post Election 2020 – Where Do Taxes Go From Here?

On November 17th, we hosted a virtual conversation with BDF’s income and estate tax planning experts during which we shared our insights on what the results of the election mean for estate and income tax changes in the future as well as what you need to consider before year-end given the potentially changing landscape. We […]

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Don’t Rock Climb Without a Rope

You wouldn’t go rock climbing without a rope – would you? Sure, it may not be quite as exhilarating, but if there is a tool to help you from falling to your death, it would make sense to invest in it. The rope helps to manage risk just like various types of insurance in your […]

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Stock Options and Restricted Stock – What You Need to Know About Taxes

Executive compensation plans, including stock-based compensation, are a great way for companies to attract and retain top talent. Understanding the tax implications, however, can be a daunting task. Many variables come into play, including plan type, qualified or non-qualified status, holding periods, etc. and for busy professionals, just finding time to focus on this can […]

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How Did Financial Professionals Navigate the Pandemic?

The effect of the coronavirus has been widely felt and will continue to make an impact on the future of the world for years to come. Financial professionals (private equity professionals, investment bankers, and asset managers) felt the impact both personally and professionally throughout the first half of 2020. Many financial professionals were adjusting to […]

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The Balance Sheet – The Map for Financial Professionals

Professional investors need to have a good grasp on the balance sheet of a business they are investing in. Having a deep understanding can inform strategy and help make the best decisions. The same goes for your personal wealth. Without a full view of your assets and liabilities, you are flying blind. Previously, we have […]

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Secret Retirement Saving Super-Power: The Mega Back Door Roth

For high earners and big savers, there are limitations on contributions to designated retirement accounts. Specifically, in 401k accounts, the maximum you can deduct from your salary is $19,500 in 2020. For those over 50, a “catch-up” contribution is allowed up to an additional $6,500. What many don’t know about 401k accounts is that there […]

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The Income Statement – Vital for Businesses and Financial Professionals

Let’s say for a moment that you are solely responsible for investing $10,000,000 into a company – either public or private. With a big decision like that – what would you want to see from your target company? Would you want to see an income statement? A balance sheet? A governance structure with appropriate risk […]

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The Cobbler’s Children Paradox Affects Financial Professionals Too

The cobbler’s children have no shoes and financial professionals (private equity professionals, investment bankers, asset managers) have no financial plan. This paradox seems to consistently plague the individuals I meet who work in the finance industry. One would think that those in the industry are buttoned up in terms of their own financial needs; however, […]

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How and When to Invest That Bonus Money

To invest or not to invest? That is the question. For financial professionals (private equity professionals, investment bankers, and asset managers) this question surfaces on an annual basis as bonuses are paid. After determining your saving priorities, a decision must be made about how to deploy the cash. Since bonuses and carry are such a […]

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