Wealth Management, Finance & Investing Blog

Growing up, I had the privilege of knowing one of my grandparents, Grandpa Louis. He lived with us during the last two years of his life. He had all the time in the world for me, teaching me patience, sharing his passion for politics, and emphasizing the importance of doing every task with care. My relationship with Grandpa Louis was different from the one I had with my parents, and that experience has shaped my perspective. As a financial advisor, I’ve seen firsthand how grandparents can influ

As parents, you want the best for your kids, and for many families, that includes a college education. But while most parents understand that college is expensive, few truly grasp just how complex and nuanced the financial picture has become. The sticker price is just one part of the puzzle. If you’re planning for your child’s education, here are a few critical—and sometimes surprising—realities to keep in mind. 1. College Costs Are Rising Faster Than Inflation… Still Yes, we’ve been hearing th

Wealthspire Advisors takes pride in being a learning organization—one that actively supports and encourages personal and professional growth at every level. Whether through formal programs or grassroots initiatives, we believe that continued learning strengthens not only our team but also the service we provide to our clients. The following article is a reflection from one of our advisors on a recent study group centered around Think and Grow Rich by Napoleon Hill—a timeless exploration of succ

Artificial Intelligence (AI) is no longer a futuristic concept. It is a powerful technology actively reshaping the global economy. By taking on both repetitive tasks and advanced analytical work, AI is helping companies improve efficiency and gain a competitive edge. It’s essential for investors to stay well-informed about AI and the impact it can have on markets, the economy, and their investment strategies. This is the first of a three-part series on AI’s growing role in markets and the econo

You work so hard to drive company performance, and your success and accomplishments provide additional compensation through your company’s equity-based compensation plan. Unfortunately, this method of compensation adds complexity that needs to be fully appreciated, not only by you, the employee, but also by your spouse or others with whom you share your life. Our careers offer an opportunity to live an amazing life of significance, and equity-based compensation is a powerful part of the way exe

Many people don’t think about art as a traditional asset such as cash, securities, or real estate. However, art collections are often quite valuable and can make up a significant portion of your entire estate. Art collectors may own art for many reasons – some have a passion and love for art, some own an art collection to decorate their homes, and others own art strictly as an investment. Some art collectors may be artists themselves, creating works as a source of income. They also may create a

If you work at a public company, chances are you’ve accumulated company stock through Restricted Stock Units (RSUs), Employee Stock Purchase Plans (ESPPs), or stock options. While holding onto these shares might feel like the right move—especially if you believe in your company’s future—it’s important to recognize the potential risks of overconcentration and the psychological barriers that may be preventing you from selling. The Psychology of Holding Too Long One of the biggest reasons employee

That was the week that was! “Uncomfortable” is a reasonable description of how most Americans feel, and certainly our clients feel, after this past week. We generally remain neutral with our political opinions when discussing our clients’ financial plans, and we continue to retain that approach, though we want to highlight a few of the events that recently took place: US stocks shed $5.1 trillion in market capitalization after a Liberation Day announcement of tariffs that far exceeded even the

As an artist or creative professional, your career is often characterized by its unpredictability. One month you might land a lucrative project, and the next, your income could drop significantly. This financial volatility makes it crucial to adopt strategic planning and surround yourself with a reliable advisory team. Here are some essential tips to help ensure financial security throughout your career, along with insights around the key advisors who can support you. 1. Establish a Budget and

This article was originally published by Acumen on December 18, 2024 We spoke with Acumen Partner Randy Kaufman about why making an estate plan that includes Acumen should be a priority and how to get the next generation involved in charitable giving. Q. You’ve been involved in philanthropy since the ‘90s. Can you tell us about your charitable giving journey and what brought you to partner with Acumen? A. My philanthropic journey started in the nineties when I saw extreme poverty during my trav

It’s a question that comes up often – what should I do with my old 401(k)? There is no one-size-fits-all answer, and responses provided by financial advisors are increasingly scrutinized due to the Department of Labor’s (DOL) fiduciary rule. Wealthspire Advisors, which has been a fiduciary since its inception, continues to believe that the best approach is to present options to our clients and let them decide. The four options are: Leave the money in your existing 401(k), Roll your 401(k) into

You’re divorcing. You have a million things to think and worry about. Your divorce professional (whether a matrimonial attorney, mediator, or collaborative lawyer) is asking for all kinds of information and documentation. You’re worried about your kids and custody. You’re wondering whether you’ll stay in your home. You’re emotionally raw and trying to hold it all together. And the last thing you want to think about is your financial plan, but that’s one of the most important aspects of divorce.