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Financial institutions (banks, credit card companies, title companies, brokerage firms, RIAs, etc) all take multiple steps to safeguard client monies. However, the one vulnerability none of these institutions can mitigate is the client themselves being the source of data breach. The basic method identity thieves use to begin hijacking personal data is getting the client …

Municipal bonds are at their richest levels versus US Treasurys in the last 5 years. Several factors are at work. The 2017 Tax Cut and Jobs Act (TCJA) had many provisions, but one in particular significantly affected States’ incentive to issue debt. Until TCJA, any state treasurer could issue tax-exempt debt, set aside some or …

A Donor Advised Fund (DAF) is a charitable giving account offered by financial institution charitable sponsors (eg. Charles Schwab, Fidelity, etc.). The DAF is treated as part of the larger 501(3)c charity controlled by the charitable sponsor. Assets contributed to a DAF are irrevocable and become property of the charitable sponsor. DAF accounts are conceptually …

A provision within the 2017 Tax Cuts and Job Act (TCJA) created incentive to invest in special low income geographic districts known as Opportunity Zones.  Investments made through designated funds created specifically for economic development of these zones allow for the deferment and potential elimination of capital gains taxes. Key components of the provision are: …

Yesterday, the Federal Reserve raised its benchmark overnight borrowing rate +0.25% to 2.25%. Investors may be distracted by the wave of market commentary analyzing the rate hike significance. Yes, the Fed eliminated the word “accommodative” from its description of monetary policy, but the Central Bank has been reducing liquidity since 2013’s end to Quantitative Easing …