Getting divorced is typically a painful and difficult process. It can be emotionally and financially devastating to all parties. Having a lawyer on your side to help navigate the...
For many parents, planning for their children’s college education is their second most important financial goal, behind planning for their own retirement. Over the past five years, the total...
Last month, the Massachusetts Legislature approved a constitutional amendment, known as the “Millionaire’s Tax”. If adopted (as described below), the amendment will add a 4% surtax on all taxable...
We would like to remind our clients to remain vigilant when they receive calls or emails regarding personal financial matters. Those seeking to inflict harm have increased the frequency...
Defined contribution plans, such as a traditional 401(k) plan, offer the benefit of saving for retirement using pre-tax dollars. For 2017, the maximum contribution to these plans allowed by...
Do you have a family member or friend who is contemplating divorce? Putting all emotions aside, the legal aspect of divorce is essentially a business transaction involving the division...
As seen in Advisors Perspectives The heated nature of the rhetoric surrounding the fiduciary standard has reached a new high, focusing on whether investment advisors should offer certain investment...
Just about everyone who has read this week’s financial headlines must be wondering about all the fuss surrounding the Department of Labor and the “fiduciary” standard being imposed on...
A married couple in their late fifties came to The Colony Group after having received a large inheritance consisting of shares of a single publicly traded stock as well as a distribution of shares of the same stock from a trust established by a family member. With two careers,...
A corporate executive who is married with three children came to The Colony Group after acquiring significant wealth from stock options through a previous employer. At the time he and his wife came to see us, their two oldest children were in college, their youngest was a minor with...
Following the sale of a community hospital, we began working with the newly formed community health foundation that was started with the proceeds from the sale. Launching the foundation was very important in this economically depressed area, with high unemployment, high teen pregnancy and high school dropout rates, and...
In 2006, we were hired to work with a female college preparatory boarding school. Enrollment had been stagnant, and the Board was worried that they were not operating under a strong fiduciary model. Funds were being managed in a single strategy, and performance was not being monitored. They had...
As appeared in FinancialAdvisorsIQ For a client-centric practice, there is no more critical indicator of future success than the composition of its team. Thus, every advisory firm’s top priority...
If you make significant gifts to your children or someone else’s children, or if someone else makes gifts to your children, there are a number of things for you...