The 2008 financial crisis raised serious questions regarding the health, security and viability of the money market mutual fund industry. The Securities and Exchange Commission has adopted (beginning in 2016) a series of reforms to rules governing money funds. Previous amendments (in 2010) focused largely on Rule 2(a)-7 parameters on the interest rate, credit and…
This month, Jewish Communal Fund is privileged to interview our Charity Champion Michael Meltzer, a portfolio manager at Tocqueville Asset Management who is very involved with charitable causes. A 2015 Five Star Wealth Manager, Michael supports a wide range of organizations, from UJA-Federation of New York to the Gift of Life Bone Marrow Foundation and…
It has never been more important than now to develop a connection with the younger family members of your clients. We are in the midst of the greatest transition of wealth in history. By 2050, over $27 trillion is expected to pass from one generation to the next, and with that transition a significant percentage…
JCF’s Ellen Israelson offers year-end tips to lower clients’ tax bills while increasing their generosity Studies show that less than 15% of advisors offer charitable planning advice, while a majority of clients report they would like their advisors to discuss charitable giving. Partnering with JCF, you can fill this void by providing timely information to make…
Depending on one’s financial situation, handing down wealth to future generations can be more complicated than the actual wealth creation. To protect the wealth that you have created, maximize your gifts and ensure your descendants or other recipients have the ability to use these gifts wisely, you may be forced to navigate a near endless…