Author: Allen Injijian
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Nothing Succeeds Like Succession Planning: 7 Perilous Pitfalls and Golden Nuggets for Family-owned Businesses to Know when Passing the Torch
At this summer’s Olympics, the U.S. men’s 4×100 meters relay team’s attempts to win gold once again ended in ignominy when they suffered early elimination after botching the very first baton pass. A one-off debacle? Hardly. It was, astonishingly, the eleventh time since 1995 that a quartet of elite American sprinters were either disqualified or…
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Presidential Elections: What Actually Moves Markets?
The level of tension and anxiety regarding the upcoming election is palpable. A recent post in the Wall Street Journal that discusses Taxes, Tariffs, and Debt, mentions some investors are looking to move to the sidelines in anticipation of the upcoming 2024 U.S. Presidential Election. Is this a wise decision or are investors misguided? Through…
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Financial Literacy and Wealth Education for the Children in the Rising Generation
Bringing children into the financial fold is, or should be, a natural part of raising children—but that doesn’t mean that it’s always intuitive. While there are a number of ways to approach financial education for your children, we recommend having open, honest, and matter-of-fact conversations introducing money as something to be thoughtfully managed and as…
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Too Few Executives are Asking for Stock Options: How and Why That Needs to Change
Talk about leaving money “on the table.” The current darling of the “Magnificent 7,” Nvidia, the microchip manufacturer that is helping to drive the AI revolution, has seen its market capitalization shoot up to $2 trillion just 180 trading days after hitting the $1 trillion mark.[1] However, according to Nvidia’s own public filings, NONE of its executives…
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Understanding the Different Types of Family Office Structures & Deciding Which One is Right for You
What factors drive wealthy families and entrepreneurs to establish family offices? Is it simply viewed as a status symbol, social expectation, or a cultural rite of passage? For some, definitely. But for the majority, the family office is a necessity grown from important life events. If you are experiencing any of the following situations, a…
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Wall Street Journal Feature: How to Make Sure Your Second Home Doesn’t Become a Tax Trap
When considering moving out of a high-tax state, be mindful of state-tax laws through proper planning and record-keeping. Geller’s Allen Injijian, Head of Wealth Strategy, offered his insights to The Wall Street Journal in this article, which covers: Read the full article on Wall Street Journal here. To hear more from Allen on this topic,…
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From Operating a Business to Running a Family Enterprise: Treating Wealth as the New Family Business
No family business owner ever thinks it can happen to them. You spend decades building the business, nose to the proverbial grindstone day after day to create a legacy you can be proud of. Finally, the time comes to reap the fruits of your labors through a carefully planned exit, resulting in a substantial influx…
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Business Owners Looking to Exit: Why You Need to Act Now before the Estate Tax Exemption (Potentially) Sunsets
Brace yourselves. Business owners should prepare to be inundated over the next 12-18 months (if not already) with urgent appeals from estate planners, financial advisors, and accountants to get their tax planning in order before the federal lifetime estate and gift tax exemption potentially sunsets at the end of 2025. While that might seem like a…
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Busting 5 Common Myths about Changing Domicile
It is our observation that wealthy people are moving out of high-tax states, such as California and New York. Particularly for high-net-worth and ultra-high-net-worth individuals and families, where you live can impact your tax obligations and overall net worth over time. When you look at the data, the trend is clear. For example, West Palm…
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What Even is a “Family Office”—and Do I Need One?
In This Article: Most familial wealth is short-lived—can your family buck the trend? According to NASDAQ, “70% of wealthy families will lose their wealth by the second generation; 90% will lose it by the third.” The Family Firm Institute agreed with this conclusion, stating that only 30% of wealth filters into the second generation. By…