Finding Opportunities in Challenging Times: Leveraging Low Asset Values for Tax Planning
Challenging times in businesses may cause a lot of stress in the near term. However, there is a silver lining: the cornerstone of good...
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Aaron.Bedrick
Mar 42 min read
Buying in bulk is for Costco, not for sophisticated financial services
There is a funny thing that happens at very large investment management firms: they ask to invest all of your money on your behalf in...
Aaron.Bedrick
Jul 4, 20232 min read
The Emergence of Multi-Family Offices and RIAs: A Paradigm Shift in Wealth Stewardship
There used to be only one choice for a wealthy family to make when selecting a financial advisory firm: which gigantic wealth management...
Aaron.Bedrick
Mar 13, 20231 min read
This time is probably not different.
Last May I wrote a post titled "This time is different?" based This Time is Different, authored by Carmen M. Reinhart, chief economist of...
Aaron.Bedrick
Feb 7, 20232 min read
The mystery of estate planning unlocked, simply
On a call with a new client reviewing his current planning, we quickly realized that he had set up two revocable trusts and done a lot of...
Aaron.Bedrick
Nov 23, 20222 min read
Debt financing - the new frontier
We are in a new financial world since the Fed started raising rates. We are seeing more requests than ever before to advise on debt. This...
Aaron.Bedrick
Aug 2, 20223 min read
Asset reporting: the unsolvable problem?
Addepar, PWS, Maastro, FundCount, SEI Archway, Tamarac...AGH!!! Most family offices I know use Addepar. The reason? It has the prettiest...
Aaron.Bedrick
May 24, 20223 min read
This time is different?
Is this time really different? I have been slowly perusing this fascinating book over the past year. This Time is Different is authored...
Aaron.Bedrick
Jul 13, 20212 min read
Nobody can be a running back and a coach in the same game.
Many family's use their most trusted attorney, CPA or financial advisor as the "coach" of their estate. Unfortunately, that is a classic...
Aaron.Bedrick
Jun 30, 20212 min read
If your assets aren't visible, do they even exist?
One of my clients asked me to help them figure out how their assets were performing. The problem was, they didn't know what their assets...
Aaron.Bedrick
Jun 21, 20212 min read
Are you a proactive hero or a reactive victim?
Surprisingly, the vast majority of those with high net worth estates, even the most sophisticated CEOs and business titans, started off...
Aaron.Bedrick
Jun 13, 20213 min read
Snatching the Holy PE Grail from the Jungle of Doom
As I wrote in my previous post, PE investing is fraught with danger. See Pensions and their PE Woes - even the biggest funds on the...
Aaron.Bedrick
Jun 9, 20213 min read
Private Equity Investing: are brilliant people making a huge mistake?
(I figured that picture would get some clicks!) When I first started vetting investments for a single family office, the one asset class...
Aaron.Bedrick
May 26, 20212 min read
The mind-numbing ROI of Estate Tax Planning
Estate taxes have decimated the wealth of many wealthy families over the years: John Rockefeller and Elvis Presley lost 70% of their...
Aaron.Bedrick
May 19, 20212 min read
"_______ is so good, you would be irresponsible not to be a member."
An open architecture multi-family office is so good, you would be irresponsible not to be a member, if you meet the criteria. "What the...
Aaron.Bedrick
May 12, 20212 min read
If you don't hire a general contractor, YOU are the general contractor
I know a guy with a big, old and rambling house. It needs a gut renovation. I mean everything - siding, new lawn and garden, roof,...
Aaron.Bedrick
May 6, 20211 min read
Is Biden about to completely change the world of investing?
Biden wants to change the way that the wealthy pay taxes. This means: Increasing the top tax rate to 43.4% for those earning over ~$500K...
Aaron.Bedrick
Apr 20, 20212 min read
No risk, all reward - Planning Alpha
What is Alpha Alpha (α) is a term used in investing to describe an investment strategy's ability to beat the market, or it's "edge."...
Aaron.Bedrick
Apr 15, 20212 min read
Co-investing is what everyone would do, if they knew how
You know an expert in which wines were rare and underpriced at the liquor store and bound to be a good value, increase in price and be...
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