Advisor.ca is live-tweeting the 15th annual STEP conference.
Here’s a selection of our tweets:
11 of the 20 richest women in the world live in China. Average Chinese millionaire is 15-20 years younger than western counterpart. #STEP
Communication about wealth among generations is one of the biggest issues today. #STEP
Big danger: early division of family businesses. When patriarch dies the value of business often plummets. #STEP
Families are considering impact investing as well as philanthropy. #STEP
The wealthy are moving away from hedge funds and private equity. Prefer direct investment, family business, and worldwide expansion. #STEP
Taking care of grandparents becoming difficult. Yields low, taxes high. Could invade capital but ppl living longer. #STEP
Stay tuned for more on taxes, trusts and insurance. Also, check out:
Death and taxes: What you need to know
Protect your business and legacy
Move assets out of estates before death