Archives for 2011
While many investors understandably assume that all who offer investment advice are required to uphold the fiduciary standard, many in the financial services industry are instead subject to the less stringent “suitability” standard. A recent $54 million judgement brings to light a stark example of the conflicts that may
Over the years, Truepoint has hosted a number of events for our clients, but nothing gender-specific. As nearly half of Truepoint's employees and clients are women, we decided to host our first ladies luncheon on May 11th at Kenwood Country Club. Internally, our ladies-only group began to discuss ideas for topics
There is a common perception among wealthy individuals that the greatest source of conflict after a family matriarch or patriarch dies is the distribution of the family fortune. And no wonder. Emotions and anxieties are often most intense during the grieving period immediately following the death of a senior family
Inspired by a terminal cancer diagnosis, former Wall Street banker Gordon Murray spent the final months of his life delivering a message of prudence to investors. Interestingly, it’s not the message one would expect from a product of the beat-the-market Wall Street investment culture. We would like to outline Gordon’s
Stories of seniors targeted by deceptive marketing programs and financial scams dominate the news. Because of accumulated wealth, memory decline or isolation (as friends pass away or relocate), older adults are too often the victims of fraud. However, there are ways to protect family members and friends from exploitation, including
When we hear about “philanthropists,” most of us probably think of extremely wealthy individuals, families and foundations, like Bill and Melinda Gates, Warren Buffett, the Carnegies and the Fords. Therefore, philanthropy often seems like an “out of reach” aspiration for the rest of us – we merely give charitably when
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