Avoid the Strategy Trap: Wealth Management for Generational Prosperity
For wealth creators who have the responsibility of creating the structure around generational wealth, it can be easy to fall into the “strategy...
Transferring Profits Interests: Wealth Transfer Strategies for Professional Investors
One impactful wealth transfer tool for professional investors is the ability to transfer (gift, sale, or exchange) the profits interest from the...
What Wealthy Families Need to Know - Corporate Transparency Act
The Corporate Transparency Act (CTA) is the newest legislation impacting ultra-high-net-worth (UHNW) families, emerging amidst heightened efforts by...
Event Recap: The State of Real Estate Panel Discussion
Introduction Recently, Lake Street Advisors, in conjunction with Bernstein Shur, hosted The State of Real Estate panel discussion at The One...
The Uses & Benefits of Private Placement Life Insurance
Private placement life insurance (PPLI) is a special type of life insurance that wealthy families can utilize in optimizing their investment...
Investing in Private Markets: Lake Street Advisors’ Private Capital Diligence Process
Why Private Markets? Private markets consist of investments not listed on a public exchange. The main asset classes within private markets include...
Moving a MA Irrevocable Trust to NH - Income & Estate Tax Consequences
Should I move my MA Irrevocable Trust to NH if my goal is to maximize what my children will inherit? Starting in tax year 2023, Massachusetts enacted...
What is Legacy Planning & Why is it Important?
Legacy is a multifaceted word that likely conjures up different reactions depending on who you ask. The Oxford Dictionary defines it as either:
Making the Right Choice Between Charitable Gift Annuities and Charitable Remainder Trusts
For many ultra-high net worth families, giving to charity is an important component of the overall family wealth strategy. Many people regularly make...
On Our 20th Anniversary, Lake Street Advisors Has a Lot to Celebrate
Looking Back In 2003, with just two partners, two employees, a strong work ethic, and a dream to provide independent financial advice to ultra-high...