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Avoid These 3 Mistakes In Managing Intergenerational Wealth

Written by Bloom Investment Counsel, Inc. on October 25, 2021. Posted in Estate Planning. No Comments on Avoid These 3 Mistakes In Managing Intergenerational Wealth

You have built up significant family wealth, through entrepreneurship or otherwise. Now you wish to allocate it in a meaningful way—to empower future generations and set them up for success. You probably have a vision for the sort of impact you would like to have for generations to come, and perhaps have some idea as to what proportion of your assets beyond your needs you wish to allocate to particular family members. However, there are likely complexities to navigate as you plan out the cascading of this wealth. In this article we highlight 3 key mistakes to avoid in the process of distributing this wealth and in managing it once received.

Are Robo-Advisors Really As Effective As Human Advisors?

Written by Bloom Investment Counsel, Inc. on October 25, 2021. Posted in Investing. No Comments on Are Robo-Advisors Really As Effective As Human Advisors?

A robo-advisor is a form of investment management which relies on algorithms to automate portfolio management and avoids all human interaction in the portfolio construction and rebalancing process. This automated process has given rise to a more affordable investment management option for the masses. But are robo-advisors really as effective as human advisors? What are the shortfalls of robo-advisors that investors need to know?

How To Create Steady Cash Flow For Financial Independence In Retirement And Beyond

Written by Bloom Investment Counsel, Inc. on October 20, 2021. Posted in Retirement. No Comments on How To Create Steady Cash Flow For Financial Independence In Retirement And Beyond

Between managing expenses, keeping tabs on income, and being mindful of liquidity, our retirement years can feel like a complex juggling act. Read this article to understand how to preserve and sustain a desirable cash flow in your golden years through calculating what you keep based on current tax legislation, and how you can start improving your cash flow so that you can start experiencing the freedoms that come with financial independence.

The Job Of A Portfolio Manager Demystified

Written by Bloom Investment Counsel, Inc. on October 18, 2021. Posted in Financial Literacy. No Comments on The Job Of A Portfolio Manager Demystified

A portfolio manager is a person who is responsible for investing clients’ money, implementing investment strategies, and monitoring the performance of the portfolio to meet his or her clients’ financial objectives. A large part of a portfolio manager’s day-to-day may include closely following financial markets and current events, conducting fundamental analysis on prospective and existing holdings, and deciding whether to continue to hold an investment, buy more of a current or new investment or sell an investment.

When it comes to selecting an investment management firm to manage your money (or your client’s money in the case of family offices), the portfolio manager is an important consideration as he or she has a direct impact on the performance of your portfolio. This article takes a comprehensive look at the day-to-day responsibilities of what a portfolio manager does which will provide you with a better understanding of how to evaluate portfolio managers.

So You Sold Your Business—Now What?

Written by Bloom Investment Counsel, Inc. on October 18, 2021. Posted in Life Events. No Comments on So You Sold Your Business—Now What?

For entrepreneurs, building out and scaling up an enterprise can be among life’s most fulfilling and rewarding experiences. At some point however the matter of exiting the business, whether through family succession or through an outright sale, will arise. While such an exit, particularly in the case of a sale, can be highly lucrative and open up a world of newfound freedom and opportunity, it may also present challenges around personal identity, direction, and financial continuity. This article explores these topics and highlights the very human and emotional aspects along with the financial considerations that this kind of transition may bring about.