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Financial Professionals

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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Blog

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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Blog

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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Blog

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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Blog

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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Blog

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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Video

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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Blog

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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Blog

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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Blog

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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