Exploring the essence of innovation with Jim McKelvey
…ay to counter a competitor, but it will never produce a situation where no competitors exist. Copying almost always feels comfortable, but it will never produce the thrill of invention. Copying is most always the right answer, but it will never produce transformative change.
People often feel they need to be an expert in something before they launch a business in that field. What do you think about the idea of “experts” in entrepre…
How and when to plan for the sale of a business amid the pandemic
…extLevel – Building Enterprise Value (www.nlbev.com); and Vimala Snow, Managing Director and Head of Wealth Strategy for Cresset, explore how and when business owners should be thinking about transitioning their businesses amid the pandemic.
Chuck and Vimala, the current economic downturn has many businesses ret…
Build Back Bust
…form getting enacted next year.
While one day doesn’t a trend make, the uncertainty surrounding legislation, re-elections, variants and vaccines underscores our quality bias as we enter 2022. Quality companies outperformed the averages this year and we expect that trend to continue in 2022. Feel free to ask your Cresset advisor about our Large- and Small-Cap Quality Equity portfolios.
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Getting to Know Michael Sayman: App Kid Extraordinaire
… can gain the opportunity to do the same. In time, I’m excited to see what comes out of Gen Z and the following generations!
Facebook (your former employer) and related apps have received a lot of scrutiny lately for allowing the dissemination of disinformation and negatively impacting young adults. How do you believe this will play out? How / can we stem the tide of negativity on social media?
Just as the internet…
Fighting the Fed
…k. Equities, which rose earlier this morning, sold off in response to his comments. It’s a pattern. Market rallies one day and Fed proxies tamp down investor enthusiasm the next. This starkest example the Fed’ strident gum flapping was Chairman Powell’s Jackson Hole remarks on August 26, stating, “We are taking forceful and rapid steps to moderate demand so that it comes into better alignment with supply, and to keep inflation expectations anc…
Reframing How We Give Back: Six Lessons from Robin Hood Foundation CEO
… your focus based on your values, identity, and gut feelings. The joy that comes from this alignment will help in overcoming the inevitable frustrations and enable you to bring your full resources and creativity to overcome pressing challenges.
2. Philanthropy alone is not going to solve poverty.
Over $400 billion is donated to charities each year, but Wes notes that one change in public policy can do more for a cause than…
Effective Family Communication is Key to Ensuring a Successful Transfer of Wealth
…ide the guidance of another trustee. Determining the age at which to start communicating the complexities of wealth to your children can be difficult for many families. However, the most significant challenge can be to ensure they are motivated and incentivized to work in adulthood with the goal of becoming productive members of society.
Cautionary tales abound of families who go from “shirtsleeves to shirtsleeves” in three generat…
How to Protect Your Wealth from Business Email Compromise (BEC)
…intercept and alter email communications to redirect funds or information. Examples of Business Email Compromise
Given the stakes, it is crucial to understand and implement proactive measures to safeguard your wealth and privacy against BEC email attacks. Below are a few real-world examples that highlight the sophisticated tactics used by cyber criminals to exploit the trust and routine operations of high-net-worth individuals.
Real Estate…
Equity Highs and Lows of 2019
… strong US consumers. Led by CEO Brian Cornell, the company reorganized to compete online by promising one-day delivery. Online sales gains also helped power the stock higher: according to CNBC, digital sales surged 31 per cent during 3Q/19, with same-day delivery options including buy online, pick up in store and curbside pickup accounting for 80 per cent of digital sales growth. Ultimately, however, Target shares benefitted from a 50-year low i…
Six Strategies to Expand Your Giving: How to Source New Philanthropic Grantees
…pport to expand your list of potential grantees. Spend time learning and researching. There are countless books on strategic philanthropy to help broaden your approach, but there are also online resources for you to peruse that highlight nonprofits you may not have heard about. Check out The Chronicle of Philanthropy, National Center for Family Philanthropy, the United Way, the Combined Federal Campaign, and Stanford Social Innovation Review. Get …
Magnificent Seven Under Fundamental Siege
…o comply with the new laws. Google has announced that it will link more to comparison sites in search results and provide more choice screens on Android devices. Meta has pledged to allow Facebook and Instagram services to be unlinked, and Microsoft has stated that some programs bundled with Windows will be able to be uninstalled in the future. Regulatory scrutiny has also quashed deal activity. Alphabet and Meta made just two acquisitions last ye…
Unboxing Cybersecurity & Privacy with BlackCloak
…r your child’s shoulder as they watched videos dedicated to “unboxing” the latest and greatest products. In honor of National Cyber Security Awareness Month, it’s time to “unbox” the protection for our digital lives.
In this demonstrative session with BlackCloak – Cresset’s preferred concierge cybersecurity service – Dr. Chris Pierson, CEO and Founder, unboxes their personal privacy kit and walks you through essentials that everyone should…
Passive Funds Have Overtaken Actively Managed Funds – Now What?
…e fund managers vote shares, they spend less effort influencing individual companies compared to active managers. Collectively, Blackrock, State Street and Vanguard – the Big Three passive fund providers – own over 20 per cent of large, listed American companies. Nearly 25 per cent of tech giant IBM, which has a $170 billion market cap, is owned by the Big Three, as well as nearly three billion shares of Apple. There’s little evidence these invest…
Stocks remain undervalued, though not a table-pounding buy
…ctors to consider rotating into after 1Q earnings season ends.
https://www.bloomberg.com/news/audio/2018-04-16/banks-at-cycle-top-will-be-down-30-50-in-12-18-months-peabody
The post Stocks remain undervalued, though not a table-pounding buy appeared first on
How to Make Decisions as a ‘Family Enterprise’
…r. But as families expand both in numbers and geography, decision making becomes more complex and requires more structure. Involve your extended family in determining what that structure should be. Who takes a leadership role? Why? Is everyone at the table who should be? These are all important considerations. Schedule family meetings. Getting the extended family together for regular meetings is another essential part of the famil…
Advice from the Frontline of Selling Your RIA with David Karp
…? Really understand your “why.” For me, I realized I wanted a culturally like-minded partner that had the scale and reach to help us accelerate what we had already been doing successfully for decades. It feels great to know we found the right partner.