Any new government brings with it the potential for major tax changes, and, while federal tax laws have been largely favorable to the ultra-wealthy as of late, Joe Biden’s presidency has already initiated several changes to tax laws. For ultra-high net worth investors, these changes can considerably increase their tax burden and restrict certain wealth transfer strategies.
A family office is a private wealth management firm that serves as a financial one-stop shop for the ultra-wealthy. A family office provides personalized financial services that go beyond financial planning and wealth management to deliver a comprehensive solution to effectively grow and transfer wealth across generations.
When I turned bullish on gold and silver in 2001, I had an impossible time convincing anyone I talked to. Even miners and coin dealers had given up years before. I well remember the doubting looks on their faces.