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Author: Bloom Investment Counsel, Inc.

5 Reasons to Get Your Will Done Today

Making a will is your opportunity to protect your hard-earned assets and your legacy. Delaying the opportunity to draw up a will can affect the future of your loved ones.

A will, also known as a last will and testament, is a legal document that outlines your intentions for the distribution of your assets in the event of your passing. Additionally, a will enables you to appoint guardians for minor children. While personal situations vary, here are five reasons to get your will done today.

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Why Life Insurance is an Important Part of High-Net-Worth Family’s Asset Allocation

Watch Bloom Investment Counsel Inc.’s Kevin Willis join Al G. Brown & Associates’s Elli Schochet for a discussion on why life insurance is an important part of high-net-worth families’ asset allocation and how to take advantage of this asset class to protect, preserve and build wealth.

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Asset Allocation Considerations for the High-Net-Worth Investor

Many believe that asset allocation is the single most important factor impacting investment returns. The famous 1986 investment return attribution study by Brinson, Hood and Breebower showed that asset allocation (not market timing) accounted for up to 90% of portfolio returns.

The typical investor must account for risk tolerance, time horizon and retirement needs when determining the mix of stocks, bonds and cash in their investment portfolio. The High-Net-Worth (HNW) investor may have to account for much more with respect to their personal investment criteria, including a considerably greater number of investment options available to them.

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8 Common Sources of Family Business Conflicts

Conflicts may feel uncomfortable but are inevitable in any business, including family businesses. Avoiding conflicts can be a grave mistake as meaningful conflicts can propel the business forward. Understanding common sources of family business conflicts can help you better prepare for potential challenges in the road ahead. This article lists 8 common sources of family business conflicts.

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