Understanding UBIT and Retirement Accounts: What Triggers UBTI and How to Report It

Key Takeaways Ubit and retirement accounts refer to unrelated business income tax rules that can affect certain tax-advantaged accounts when they earn business income. These rules are primarily for self-directed IRAs, 401(k)s, and other such plans that own active businesses or partnerships. Ubit can erode the benefits of tax-advantaged accounts and necessitate filings at trust […]

How to Prepare for Capital Calls: A Practical Guide for Investors and Fund Managers

Key Takeaways Capital calls how to prepare is about how investors and fund managers respond to cash requests from investment funds. It discusses timing, cash planning, documentation, and partner communication. Proper preparation minimizes missed deadlines, penalty costs, and maintains access to follow-on deals. Actionable items include liquidity projections, authorized signers, and a clean commitment ledger. […]

Investing with an SDIRA: Step-by-Step Guide to Setting Up and Buying Real Estate

Key Takeaways Investing with SDIRA step by step details how to employ a self-directed IRA to store alternative investments. It walks through the process including deciding on a custodian, selecting eligible investments such as real estate or private equity, submitting a written investment direction, and ensuring compliance with IRS rules on prohibited transactions and disqualified […]

How to Prepare for Capital Calls: A Practical Guide for Investors and Fund Managers

Key Takeaways Capital calls how to prepare is for investors and fund managers before funding requests. It explains tracking commitments, validating investor info, and timing cash to address liquidity requirements. Transparent records, frequent updates, and an easy transfer method all minimize lag time and costly fees. Understanding the legal terminology and having short-term cash reserves […]

Wealth Policy Statement Template Free Guide

Key Takeaways A wealth policy statement template is a document that captures your financial objectives, risk constraints, and decision-making guidelines. It defines roles, reporting cadence, and target asset allocation ranges to frame long-term planning. Investors, families, and advisors use it to make decisions that are consistent and tangible. The template typically contains investment goals, liquidity […]

Umbrella Insurance for Affluent Families: Protecting Assets and Assessing Coverage Needs

Key Takeaways Umbrella insurance for wealthy families is additional liability coverage that insulates assets in excess of home and auto policies. It bridges gaps for expensive claims like major lawsuits, rental property liability, or incidents with domestic staff. It typically begins at 5 million USD and layers on legal defense and settlement limits. Wealth advisors […]

Family Office Starter Playbook: Governance, Cybersecurity, and Investment Trends

Key Takeaways Something like a family office starter playbook is a real book for families who desire structured wealth management and future planning. It goes through governance, investment policy, tax and estate basics and risk controls in concrete steps. The playbook addresses staffing options, reporting standards and cost estimates so families can make apples-to-apples comparisons. […]