Northern Trust’s Deiken Maloney and Mary Ann Sisco discuss how clients can set specific goals around lifestyle, future expenditures, family and philanthropy as part of our new Life Driven Wealth Management approach.
Northern Trust’s Scott Dille and Mary Ann Sisco reveal the importance of properly aligning financial and personal goals through a Life Driven Wealth Management approach.
Kendall Kay discusses the growing challenges facing nonprofits, as well as how Northern Trust’s Foundation & Institutional Advisors can help organizations overcome them.
Wealth spoke with Michael E. Papierski, senior vice president in the Real Estate Services Group of Northern Trust's Personal Financial Services, about how the division helps clients manage, acquire or sell real estate held in estates and trusts..
Northern Trust’s second comprehensive look at the financial attituted of wealthy black Americans reveals a charitable generation willing to give back to their families and communities.
Bill Weege and John Couzens discuss the unique services the group provides.
The financial habits, expectations and attitudes of this emerging market.
New trends in preserving wealth during uncertain economic times.
Northern Trust’s Peter Mladina reveals how portfolio managers utilize specific asset classes, known as risk control assets, to help mitigate portfolio risk and the risk of not funding financial goals.
When preparing for the possibility of future healthcare expenses, several long-term care options can help protect your wealth in retirement.
Accounting for and managing your online assets – social media profiles, email, bank accounts and the like – today can help your heirs gain access to them when they need them.
More people are choosing to retire later in life, either through working longer or starting second careers. But how does this decision affect financial planning and wealth management?
Conversion of traditional IRAs and other retirement accounts to Roth IRAs can help position retirement funds in a tax-advantaged way. If the market goes awry, recharacterization helps ensure investment losses don’t negate benefits of such moves.
To truly enjoy your retirement, it’s crucial to create and implement a plan to meet your cash flow needs and determine a sustainable income level to help avoid outliving your assets. Here’s where to begin.
New tax rules have given more people access to a Roth IRA.
Long-term care insurance as a means to protect your assets.
Revisiting your retirement plan.
Banks still give out loans, even throughout the economic crisis.
Solutions for the unique financial challenges of medical professionals
Financial planning for unexpected situations.
Protecting yourself from identity theft.
Indiv. Retirement plans/goals.
Anecdotes, how people view success.
Investing money for retirement.
You take care to protect the traditional assets in your investment portfolio – your paintings, sculptures and other works of art should be no exception.
Recent headlines may not shed a positive light on some high-tech stocks, but investors probably shouldn’t write off the entire sector.
When it comes to the stock market, the one certainty is that it will change constantly. Instead of joining short-term bulls or bears, consider realigning your investment approach with your life goals and removing fleeting emotions from the equation.
Is adding commodities exposure to your portfolio right for you?
A look at key growth possibilities in the emerging economies of Brazil, Russia, India and China – as well as the major risks in each country.
Due to systemic issues and lengthy routes to resolution, the path ahead for the European Union (EU) likely won't be smooth. For patient investors, however, solid opportunities do exist.
Jean Sheridan, Northern Trust’s head of global financial reform management, shares insight on what the Dodd-Frank Act may mean for clients, as well as Northern Trust’s efforts to meet the demands of the new financial regulations.
Safety of assets is a chief concern for all investors, particularly in these uncertain economic times. Registering assets through a trust bank or broker-dealer not only provides protection but increases efficiencies and cost savings as well.
Responsible investing – incorporating environmental, social and corporate governance criteria in your portfolio – has experienced tremendous growth during the past few years. Is it the right approach for you?
In the investing world, timing ins't everything, but it is a key consideration. And when it comes to timing, conditions today may be ripe for exchange-traded funds.
Price jumps fueled by rising oil prices recently set off alarms over inflation, but do such conditions really lead to broadly higher costs?
A rebound in the economy means fuel consumption will rise, but U.S. demand will be significantly outpaced by other developing countries. That means investors will need to think globally when it comes to energy sector opportunities.
Today, women control nearly a third of the world’s wealth and are on track to out-earn men by 2024. But often, women’s risk tolerance, investment goals and objectives are informed by very different values and expectations.
Turbulence will likely josten the municipal bond market occassionally over the next few years. But that shouldn't diminish muni bonds appeal as a strategic asset class for portfolios.
How emerging economies such as China, India and Brazil affect the outlook for commodity markets, and what it may mean for your investment portfolio.
When it comes to hedge funds, improved disclosure rules are designed to heighten transparency in such sophisticated investments. Yet the volume of data and information supplied by hedge fund managers may prove overwhelming. How do investment pros manage the data?
Lawmakers and others love to take shots at derivatives, which contributed to the markets' 2008-2009 woes. Yet these often complex investments are essential to the steady flow of capital in the world's financial markets.
Demographic analysis can help guide investment decisions only when combined with a thorough assessment of economic policy and politics.
Northern Trust’s fixed income team shares how they intend to modify the structure and strategy of the bank’s fixed income mutual funds in light of investors’ fears of a secular rate increase.
The field of behavioral finance helps investors understand how emotionally driven decisions happen and the potential implications.
The weakened US dollar and reduction in buying power.
Alternative energy is a potential investment growth area.
Global investing a valuable tool for your portfolio.
Real assets can diversify your portfolio.
Emerging markets may resolve the global economic crisis.
The possibility of the economy's slow increase later this year.
Munis as a good option as the credit markets return to normal.
History of the real estate "bubble".
Why this is the perfect time to revamp your portfolio and continue with your investment strategy.
Which ETFs will help you broaden exposure to global equities markets?
Investors responses to real estate and economic uncertainty.
The latest trend toward investing in companies with good environmental and social records.
The importance of personalized investment techniques.
Positioning your portfolio to withstand the volatile economy.
Hydrocommerce as the "new" oil.
Advantages of municipal bonds.
The importance of risk management in a volatile environment.
Investment strategies to improve long-term returns.
Investing in emerging market equities.
The ups and downs of the global economy.
Next gen. of investors changing the market.
Benefiting from China's booming economy.
Producing economic forecasts.
Navigating a deflating housing market.
The rise of global economic growth.
First quarter predictions, rise of interest rates.
Socially responsible investments.
Housing prices coming down and consumer debt.
Seeking professional help for invest.
Market: higher trends=more risk.
Economic survey: equities and bonds.
Global events affecting investments.
Growing appeal of hedge funds.
Market: higher interest rates, insecurity.
Estate planning should start by defining the core values that reflect your family’s unique and diverse human, social and intellectual capital – and involve family members in the process.
Wealth spoke with Northern Trust's Raymond C. Odom and Ann Freel about the benefits of making large wealth transfers now.
Despite the uncertain markets, there are still ways to plan for a successful wealth transfer.
When creating a special needs trust, certain steps can ensure that the money you leave a child will be spent as you intended it. Here’s what to consider and what to avoid when crafting these complicated estate planning tools.
It’s important to put in place a plan for what happens with your money after you die. But despite your best planning, events may occur that are beyond your control. How can you best prepare for unpredictable factors?
Tips for choosing a trustee.
Strategies to minimize taxes/distribute more to beneficiaries.
The basics behind a successful wealth transfer.
Wealth transfer planning goes beyond certain age groups.
Wealth transfer opportunities in a dwindling economy.
Creating a sound wealth transfer plan.
Estate planning for unmarried couples.
Tips for estate planning.
Conservation easements and establishing land trusts.
Estate planning in a volatile economy.
Benefits of a Delaware Trust.
Estate planning to safeguard collections.
The deal to avoid the fiscal cliff cleared up some of the uncertainty surrounding taxes. Here’s what we know – and what’s still up in the air.
Learn why year-end financial and tax planning should align with long-range goals in Northern Trust's Wealth magazine featuring Suzanne Shier and Jim McDonald.
Tax issues may be part of the decision to renounce one's U.S. citizenship or give up one's long-term U.S. residence, but they must be carefully considered at every stage of a potential expatriate's journey.
Wealth spoke with Northern Trust’s Michael I. Stein and Lorraine White about potential impacts of the Foreign Account Tax Compliance Act (FATCA) on personal clients of foreign financial institutions.
New tax legislation provides a two-year window for transferring wealth and making substantial gifts tax-free, but does not provide long-tern certainty. Many advisors are urging clients to base their wealth transfer strategy on personal goals rather than tax law.
Wealth takes a closer look at the current situation with a guide on the latest tax cut legislation.
Tax-planning tips to minimize bill for 2010.
Learn to pass along a philanthropic legacy to even the youngest members of your family.
Donors can assess a charitable organization’s financial health and longevity by examining financial statements, speaking with stakeholders and enlisting the help of community foundations and philanthropic advisors.
A growing number of entrepreneurs are addressing the social issues most important to them through impact, innovation, engagement and even some risk..
When it comes to charitable giving, it's all about your philanthropic values, your family dynamics and your finances.
Board memberships carry significant responsibilities and can potentially expose you to liabilities, so a little research is in order before you accept a position.
Incorporating giving into your wealth transfer plan.
Philanthropists who provide loans to entrepreneurs in impoverished countries.
Teaching the importance of philanthropy to your children.
Nonprofits and their changing approach to funding.
Knowing your responsibilities as chair of a non-profit board.
Women as an economic force in philanthropy.
Donating to charities and personal interest.
Creating strategies for charitable giving.
Pros/cons of private foundations.
Being a strategic benefactor.
Open, ongoing conversations about wealth are crucial to prepare the next generation to take on financial responsibilities.
Helping children understand how inherited wealth can make all the difference in their success.
Strategies for instilling good financial and investment skills in your children.
Making sure an inheritance is a positive part of your child's future.
Educational and investment opportunities at NT.
With financing finally becoming available again and M&A activity on the rise, now may be the perfect time to either prepare your business for sale or pass along to family members.
"Wealth spoke with Northern Trust’s Dan Barron, managing director of the Family Business Group, about the unique trust and estate services the division provides its clients."
In May, Northern Trust hosted a conference for private business owners/entrepreneurs and their key advisors in partnership with Lincoln International, a boutique advisory firm for closely or privately held businesses. One segment of the conference covered best practices for business owners to consider prior to selling their companies. The following is an excerpt from the lively discussion moderated by John Couzens, managing director of Asset Advisory Services at Northern Trust.
Private equity funding for your business.
Finding the right buyer for your company
How ongoing education benefits family businesses.
Winning combination of business and academia
Working through conflict in family business.
Preparing to pass along a family business to future generations.
How to pass along a business.
With each new generation, a family office keeps the mission of the family alive, incorporates a good goverance structure, assists with philanthropic interests, and preserves and grows family net worth.
The latest in multifamily office wealth management.
Estate planning and the family office.
Multigenerational vacations enable families to bond while experiencing a new environment. Consider three destinations that appeal to all ages.
From resorts to permanent cruises, retirement options have expanded to provide comfortable and enjoyable retired living day in and day out.
An increasing number of millionaires are joining social networks like Facebook and LinkedIn. But what exactly are they doing there?
An increasing number of wealthy families use vacation time to give back to communities in need. With the help of professional volunteer services, volunteer vacations can provide safe and priceless learning experiences.
Protect yourself and your assets from cyber criminals through essential risk mitigation measures – adopting some secure habits both online and in the physical world.
Concierge medicine takes health care to the next level, giving your doctor the time and tools to focus on treatments tailor-made just for you.
Before solidifying your next vacation plans, consider the latest trend in eco-awareness – ecotourism.
Hybrid vehicles have taken off over the past six years and are projected to become even more mainstream going forward. With new luxury models coming to market, is a hybrid the right choice for you?.
Create the perfect travel experience by researching world-class resorts for your enjoyment and taking precautions for your safety.
NT Concierge Services provides access to exclusive opportunities in travel, dining and entertainment.
Green homes are replacing "McMansions" as the home of choice.
Keeping in shape as you age.
The importance of a good night's sleep.
Volunteering is the new trend in luxury vacations.
Image consultant as a key to corporate success.
The benefits of having a life coach.
The prospering pet economy.
Tips for improving your golf game.
Unique experiences are the next trend for affluent individuals.
Influence of the Old Masters artists on Impressionists.
The trend of professionals to continue education during retirement.
Home technology systems.
Joys of fly fishing.
Destination clubs as alternative to vacation homes.
Elite concierge services.
Managing healthcare costs by age.
Tips from prominent collectors.
Tips for being a serious collector.
Donating collections to a museum.
Estimating the worth of collectables.
Art dealers discussing current market trends.
Owning a private jet/ per-flight charter.
Excerpt/ NT sponsorship of King Tut tour.
Luxury boating lifestyle.
The views, opinions and investment information expressed are those of the individuals noted herein, do not necessarily represent the views of Northern Trust or any other person in the Northern Trust organization and are subject to change based on market or other conditions. The material is provided for informational purposes only and should not be construed as investment, tax or legal advice or a recommendation to buy or sell a security. Northern Trust disclaims any responsibility to update such views. Northern Trust does not guarantee that the information supplied is accurate, complete or timely and does not make any warranties with regard to the results obtained from its use. Northern Trust does not guarantee the suitability or potential value of any particular investment or information source. You should consult your investment, tax, legal and accounting professionals before taking any action.
To ensure compliance with requirements imposed by the Internal Revenue Service, we inform you that any tax information in this magazine is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.