Call today for further information866-605-8885
 

Join our Email List!

Receive:
 

unHeritage – 11 Pitfalls to Family Legacy and How to Avoid Them

unHeritage

“unHeritage is definitely the lighthouse for protecting your family and wealth for generations. This book is a must read for anyone interested in legacy planning.” Enzo Calamo

To learn more, click here

 

Categories

 

Center for Family Conversations

home-1b

The Center for Family Conversations (CFC) is a resource center that provides the integral tools and ideas in helping families establish a 100-year-plus Family Legacy Plan.

To learn more, click here....

 

THE TYCOON PLAYBOOK – How Business Empires Are Built

tumblr_m9i9slrFnP1qj1u29

The Tycoon Playbook course was created for business families who are already running a successful business and wish to ramp up their growth while preserving wealth for future generations. Specifically, the Playbook teaches high performance business owners the two most highly rewarded skills in business, namely deal-making and how to acquire cash flow producing business assets.

To learn more, click here

 

CNN Financial News

Meet the world's No. 1 dealer in Guinness artRobert Lloyd, a New York antique dealer, holds an unusual distinction: He is the world's larges [...]

Tom Brokaw says his cancer is in remissionNBC great Tom Brokaw is ending the year with good news: His cancer is in remission. [...]

Sony doesn't know how but says 'The Interview' will be shownAt one point, it looked like Sony was bowing to hackers' wishes that "The Interview" [...]

Another blackout for Dish customers, this time Fox NewsFor the third time in a month, Dish Network customers are missing out on popular programming due to [...]

Is the oil scare over for the stock market?Read full story for latest details. [...]

Republicans to theaters: Don't be 'bullied,' show Sony's 'The Interview'The Republican National Committee has a message for theater owners: Put "The Interview" ba [...]

A defiant Sony scrambles to find a way out for 'The Interview'Read full story for latest details. [...]

 

CNN Small Business News

Unilever lays an egg: Drops Just Mayo lawsuitUnilever sued Hampton Creek over its egg-free mayonnaise spread Just Mayo. But the company behind Be [...]

Alternative lenders are hot -- especially among millennialsRead full story for latest details. [...]

Reddit cofounder: The next Google is one visa away from leaving U.S.Read full story for latest details. [...]

The heart of the Internet has been hackedICANN, the all-powerful but little-known organization that administers global website domain names, [...]

Oprah-approved startup raises $6.25 millionNews startup The Skimm announced a new round of funding, 1 million active readers, and plans to expa [...]

Cow farmers get high-tech tracking appBrazilian startup BovControl is turning cows into data with a mobile app. [...]

Google Ventures: less Ubers, more health careThe venture capital investment arm of the tech giant has quadrupled its funding of life sciences and [...]

 

CNN Money News

Top 1%: What they made, what they paidRead full story for latest details. [...]

Living your dream retirement? Tell us about itAre you living your dream retirement? If so, we want to hear how you were able to get there -- wheth [...]

Last-minute Christmas shopping guideStill haven't ordered those stocking stuffers? You still have time, but not much. Here's t [...]

Payday lenders throw millions at powerful politicians to get their wayPayday lenders are spending millions of dollars in Washington in an attempt to get powerful politici [...]

Mortgage rates hit a new low for the yearAmid falling gas prices and investor nervousness, the average rate for a 30-year fixed-rate loan fel [...]

Alternative lenders are hot -- especially among millennialsRead full story for latest details. [...]

The 2014 tax breaks you'll be able to takeCongress waited until the last minute to decide what to do with a slew of expired tax breaks. They e [...]

 

Fortune Magazine

Will Mmmhops be a hit?Hanson is attempting to chart with a new microbrew. [...]

NBA confirms L.A. Clippers sale to ex-Microsoft CEO Steve BallmerDonald Sterling sues the NBA for damages and demands to be reinstated as owner. [...]

FBI and SEC probe into Carl Icahn and golfer Phil MickelsonAuthorities are looking into the potenial insider trading. [...]

Google launches "right to be forgotten" service in EuropeNow European citizens can request to have search results removed. [...]

Zuckerberg's latest donation reawakens concerns over mixed results in NewarkFacebook founder and his wife donate $120 million to Bay Area schools, claim to have learned from pr [...]

Five crazy things Steve Ballmer has doneIn light of Ballmer placing the highest bid on an NBA team in history on Thursday, here are some of [...]

Four ways Apple could have the "best" product pipeline everFrom the obvious upgrades to the bold and daring. [...]

 

Reuters Business News

(Reuters) - Struggling retailer American Apparel Inc said it has adopted a new, one-year stockholder [...]

ABU DHABI (Reuters) - Saudi Arabia said on Sunday it would not cut output to prop up oil markets eve [...]

TOKYO (Reuters) - Asian shares took their cues from Wall Street and kicked off a holiday-shortened w [...]

WASHINGTON (Reuters) - U.S. President Barack Obama moved to prevent U.S. anger at North Korea from s [...]

PARIS (Reuters) - Ten years ago, the boss of Qatar Airways, who takes his first new A350 jet this we [...]

MEXICO CITY (Reuters) - Mexico's competition regulator on Sunday approved AT&T Inc's $ [...]

PARIS (Reuters) - Ten years ago, the boss of Qatar Airways, who takes his first [...]

 

Reuters Economy News

ABU DHABI (Reuters) - Saudi Arabia said on Sunday it would not cut output to prop up oil markets eve [...]

TOKYO (Reuters) - Asian shares took their cues from Wall Street and kicked off a holiday-shortened w [...]

SYDNEY/TOKYO (Reuters) - The euro probed fresh two-year lows early on Monday in a subdued start to a [...]

SHANGHAI (Reuters) - China's second-largest brokerage Haitong Securities plans to raise HK$29.9 [...]

LONDON (Reuters) - Senior workers in London's financial services sector are expecting on averag [...]

 

Reuters Business Video

President Barack Obama, in a CNN interview, says he does not consider the cyber attack on Sony which [...]

Stocks modestly extend gains post a massive two-day rally. Leah Duncan reports. [...]

Comments from Federal Reserve chair Janet Yellen spurred a Santa Claus rally this week, analysts see [...]

John Manley, chief equity strategist at Wells Fargo Advantage Funds sees the Dow hitting the 18,000 [...]

U.S. President Barack Obama says it was a “mistake” for Sony Pictures to cancel the release of its m [...]

President Obama says Americans can enter the new year with 'renewed confidence' in a stron [...]

George Soros’ son Alexander discusses the influence of his father and how he selected causes to supp [...]

 
 

Financial Planning Advice for Advisors

 
  • Thomas Piketty: New thoughts on capital in the twenty-first century

    Thomas Piketty: New thoughts on capital in the twenty-first century   French economist Thomas Piketty caused a sensation in early 2014 with his book on a simple, brutal formula explaining economic inequality: r is greater than g (meaning that return on capital is generally higher than economic growth). Here, he talks through the massive data set that led him to conclude: Economic inequality is not new, but it is getting worse, with radical possible impacts.

     
  •  
  • Plan, Diversify, and Differentiate: Three Strategies of High‐Performing Advisors

    Plan, Diversify, and Differentiate: Three Strategies of High‐Performing Advisors   A video that discusses three strategies of high‐performing advisors that helped them earn twice as much as other advisors 

     
  •  
  • Tycoon Playbook Review

    Tycoon Playbook Review

    Tycoon Playbook Review   As a recent IRS report on America’s wealthiest proves, the surest way to becoming rich has always been and still is by building your own business. There are two basic approaches to building a business. One way is to focus on finding the home run product or service to build a single company around. The other way is to focus on accumulating many businesses over time. The first variation requires far more luck considering just how many failures there are relative to successes. The second variation is a simple numbers game based on the reality that once you have a system and team in place for acquisitions, you will have far more winners than losers over the long run.   This second path is often referred to as the PacMan strategy because you use your company to gobble up other companies. It’s the most proven path to billionaire status.   As with most things in life, the basic concept is simple while the devil is in the details. This is where the Playbook truly shines. The three month course reverse engineers the acquisitions strategy employed by tycoons and billionaires who made their fortunes through wheeling and dealing in businesses. Then it breaks down this complex topic into easy to understand and follow action steps. Equally importantly, it also shows you how to avoid the minefields. This is not a course built on dry academic theory.   The creator of the course worked for many years helping entrepreneurs and mini-tycoons to buy and sell businesses. In addition, he has also spent decades studying how they got started in the game and built their empires. As a result, the Playbook is rich in examples of actionable steps taken by tycoons to not only get going but to get it right.   What are the key rewards of the course in my opinion?   First, if you’re thinking that becoming wealthy requires an element of good luck in addition to work and perseverance, you are absolutely correct. The course reveals how you can maximize your luck if we agree that luck is a matter of being in the right place at the right time. It does so by having the second learning module reveal how insiders spot emerging opportunities well before the masses do. The eighth module teaches you how to take a calculated risk by revealing the do-able deal test for acquisition opportunities. Once you have digested these two lessons your ability to do successful acquisitions increases dramatically.   A second reward of the Playbook is in how it takes a complex subject such as acquisition finance, which intimidates most people, breaks it down into its constituent parts, and lists the many options you have available for buying a business. You need not be a mathematical genius to understand how tycoons acquire control of businesses. By the end of the financing section you will feel like an up and coming Kirk Kerkorian.   A third reward in taking […]

     
  •  
  • Why Do Family Business Owners Often Die at their Desk? by Tom Deans, Ph.D.

    Why Do Family Business Owners Often Die at their Desk? by Tom Deans, Ph.D.

    Why Do Family Business Owners Often Die at their Desk? by Tom Deans, Ph.D.   I was speaking to a friend who owns a successful manufacturing business and asked him when he plans to sell his business”. His response echoed something that I’m hearing more and more from business owners in my audience. “I can’t afford to sell – if I sell and take the proceeds and invest in this market, I couldn’t replace half my current salary”.   Of course the danger with this logic is that if unforeseen risk visits the business and it fails, my friend will neither have his salary nor the equity that he’s accumulated in the business over the past 20 years.   Misaligned financial interests of family members   But here’s the real problem. My friend, like so many, has other shareholders, namely other family shareholders who aren’t working in the business who want the sale proceeds now! His family dinners can best be described as a food fight waiting to happen. What to do?   What we do know is that doing nothing is a plan. Do nothing long enough and we know that a business owner will die at his desk. But where does the stock in the company go? Will it go to his or hers estate, to minority shareholders?   What usually unfolds is chaos especially when family is often left out of the planning loop. Financial advisors are doing a much better job these days of getting business owners to play the “what if” game. In fact there is a brand new breed of advisor brandishing a tough to acquire professional designation known as the Certified Business Exit Consultant — CBEC. I delivered a keynote to a recent convention of CBECs in Boston and they’re a rather impressive group of professionals committed to exit planning excellence.   The best advisors never stop reminding clients about the risks of business ownership   Asset allocation has forever been the first principal of sound investing. As investors near retirement, advisors constantly rebalance portfolios away from equity to income. The business owner who allows their high salary to cloud their thinking about the dangers to their equity in their business don’t need to travel Las Vegas to gamble – they’re already there!! Extraordinary advisors will keep this risk in focus for their business owner clients and work on divestiture strategies and timelines that meet the financial needs of both business owners today, their retirement tomorrow and the needs of surviving family.   Savvy advisors remind business owners that the sale process seldom unfolds quickly and even after the sale of a business, the new owners may either insist or welcome the seller to continue working and drawing a salary. It took our family 5 years to find the right buyer for our business and another 4 years to receive the full sale proceeds – that’s almost a decade from start to finish. Business owners in their 50’s, 60’s and 70’s often completely […]

     
  •  
  • Annette Heuser: The 3 agencies with the power to make or break economies

    Annette Heuser: The 3 agencies with the power to make or break economies   The way we rate national economies is all wrong, says rating agency reformer Annette Heuser. With mysterious and obscure methods, three private US-based credit rating agencies wield immense power over national economies across the globe, and the outcomes can be catastrophic. But what if there was another way? In this bold talk, Heuser shares her vision for a nonprofit agency that would bring more equality and justice into the mix. Why you should listen   Credit rating agencies, with their power to downgrade credit ratings for entire nations, have come under intense scrutiny and recent events have put their acceptance and transparency into question. What if there was an alternative, free from the limitations and weakened legitimacy that encumbers the big three agencies?   Annette Heuser, executive director of the Washington branch of the German Bertelsmann Foundation, has created a blueprint for a new, non-profit solution to loosen the agencies’ iron grip. The International Nonprofit Credit Rating Agency (INCRA) would conduct unsolicited foreign-risk assessments, redefining sovereign ratings as a public good, and could dramatically shift the financial futures of the world.   What others say   [INCRA] provides an international answer to the monopoly of the three big rating agencies. SGI News  

     
  •  
  • Introducing the concept of a Collaborative Will by Tom Deans

    Introducing the concept of a Collaborative Will by Tom Deans

    Introducing the concept of a Collaborative Will by Tom Deans At a farm convention in Chicago, I was approached by an audience member who explained that gifting a working farm to her children was preferable to selling and leaving them each $5 million. When I pressed her for more details – such as – “what do your children think of your plan?” She snapped her head back and proclaimed, “why would I tell them?”   I have to confess it wasn’t the first time that I had heard someone say that silence was going to be the key ingredient of their estate plan. It got me thinking how many beneficiaries – children especially — truly know the contents of their parent’s wills?   When I put the question to my audiences, “how many people hold a copy of their parents’ wills?” Only 10% on average acknowledge they do. The more interesting question is: “how many in the audience will play a lead or significant role in providing care for an aging parent?” The response — an average of 75% — agreed they would. I find the disparity between these two pieces of data, striking.   The relationship between inheriting money and the provision of health care is an issue moving into the media and cultural spotlight for two major reasons – we’re living longer (a lot longer) and the cost of health care and assisted living are rising faster than inflation and saving rates.   For some who live much longer than the average age of 76 for men and 81 for woman, many will turn to family for financial support and care when their savings are fully depleted – the same family from whom secrets were kept when a surplus seemed assured.   Why do so many people keep secrets from those who will likely be providing them with late in life care? How do secrets serve beneficiaries or add to relationships before we become old and dependant? Talk to enough estate planning professionals and they’ll tell you it almost always comes down to a lack of trust and a debilitating fear of death.   For those who view their money as an absolute source of power and control you can see how the aging process and the concomitant relinquishing of power and control makes dying and death such a wretched, fearful experience. Compare that to individuals who seriously prepare family, friends and charitable organizations to receive not just their wealth but their wisdom and you’ll find some extraordinary relationships built purposefully over a lifetime – even when years outstrip savings.   Sharing the contents of a will requires judgment – some might call it wisdom nurtured over time. A wisdom both taught and harvested through conversations with intended beneficiaries not in the last year of life, when death seems imminent, but precisely the opposite, when death is a distant abstraction.   A will doesn’t need to be seen as a solo “end of life document” but rather a […]

     
  •  
  • My Vet sends me reminder letters … Why can’t my lawyer when it comes to my will? by Tom Deans

    My Vet sends me reminder letters … Why can’t my lawyer when it comes to my will? by Tom Deans

    My Vet sends me reminder letters … Why can’t my lawyer when it comes to my Will? Leading up to the release of my new book Willing Wisdom, I paid extra attention to the mail I received. Delivered to my home over the course of three months, were reminder letters from a host of personal service suppliers, including my accountant to file my taxes, my window cleaner, my lawn service, my insurance provider and my veterinarian.   What I didn’t receive, in fact what I’ve never received over the course of my 51 years on the planet, is a letter from my lawyer reminding me to up-date my will. Curious to know if I’m special (and not in a gifted way) I recently asked my audience – about 200 business owners from across North America assembled at a convention in La Jola California – how many of them had received an annual letter from their lawyer reminding them to up-date their will? Only seven hands shot up.   The results confirmed my suspicion that, like me, 193 people in that room had windows and pets receiving better regularly scheduled maintenance than their estate plans. So what’s the deal?   More alarming is that when questioned on the subject, half of that room acknowledged they didn’t have a will at all. When pressed further, 50% of those who did have a will confessed that it had been more than 5 years since it was last up-dated. When questioned even further almost the entire room confessed to having clean windows, healthy pets and weed free lawns.   Approximately 125 million North Americans over the age of 18 have no will and will eventually die intestate. The resulting financial and relational devastation to families is incalculable.   When I asked my veterinarian how she could be so organized and proactive in scheduling my pet’s annual check-up she tilted her head side ways (kind of like the way my dog Goblin does when I say “treats”) she blurted out – “auto-scheduler”. She might as well have added …“duhhh.”   Asking her for detail on this cutting edge 25-year-old technology she noted it was free — as in it doesn’t cost anything.   Below is the letter I received from my veterinarian word for word. ———— To: Tom Deans Annual physical examinations and a personal health consultation is integral to maintaining Goblin’s health. Please call our office to schedule an appointment. We’ve missed you and look forward to seeing you soon! Dufferin Veterinary Hospital ————   If you’re not receiving a letter from your lawyer reminding you to up-date your will, would you consider forwarding this article to your lawyer and help them get acquainted with the power of “auto-scheduling” and helping clients keep their estate plans up-to-date? Here’s a sample letter for them to consider sending annually to clients like you. ———— Dear client: A will is one of the most important legal documents for you and your family to consider. If one or more […]

     
  •  
  • The Canada Wealth Gap Statistics 2013

    The Canada Wealth Gap Statistics 2013

    In Canada the top .01% of income earners have an average income of $6 million, and collectively earn 1.5% of our total income. Sounds like a lot until you look at the US, where the top .01% earn an average of $24 million each – which adds up to a 4.5% share of the total. (from Canadian Business, Dec 9, 2013, Editor’s Letter by Duncan Hood)  

     
  •  
 
 
 

Family Office Newswire

Gold Award

The #1 Family Office Newswire That Empowers Family Dynasties. Over 6,500 Posts and growing rapidly with relevant topics!

Learn from Billionaires How To Handle Your Family Wealth.

ENZO CALAMO IS A GOLD AWARD CURATOR ON BUSINESS FOR SCOOP.IT!

"You're a giant among curators and your work is world-class awesome. Thanks for being an incredible role model to the curator community!" Scoop.it

Read the latest news

 

UHNW Wealth Newswire

home-bgMain

The #1 UHNW Wealth Newswire For Living Your Dreams. Over 3,500 Posts on important topics that show you the Secrets of Accumulating and Preserving Wealth!

Read the latest news

 

Follow Enzo on LinkedIn

LinkedIn-Logo-150x150

Top 1% of LinkedIn Connectors in the World

 

Family Business Newswire

Family-business

The #1 Family Business Newswire That Helps You Move From Success to Significance. Over 3,300 Posts On Key Factors To Build A Profitable and Sustainable Business!

Read the latest news

 

Philanthropy Newswire

philanthropy

The #1 Philanthropist Newswire For Leaving A Legacy From The Heart. Check out the latest trends in philanthropy today with over 1,100 posts. Also. learn why some of the greatest philanthropists in history believe in gratitude and giving!

Read the latest news

 

Lugen Family Office Proudly Supports AIP

AIP Logo

The International Association of Advisors in Philanthropy is the leading charitable giving organization in the world for inspiring collaboration among professionals.

Enzo Calamo,
AIP Ambassador, Past President

To learn more about AIP, click here

 

Twitter Widget

 

Celebrity Net Worth

Abdulla bin Ahmad Al Ghurair Net Worth: Abdulla bin Ahmad Al Ghurair is a United Arab Emirate busine [...]

Sudhir Ruparelia Net Worth: Sudhir Ruparelia is a Ugandan businessman and entrepreneur who has a net [...]

Rostam Azizi Net Worth: Rostam Azizi is a Tanzanian politician, businessman, and entrepreneur who ha [...]

Koos Bekker Net Worth: Koos Bekker is a South African businessman who has a net worth of $2 billion. [...]

Tommy Page Net Worth: Tommy Page is an American singer who has a net worth of $5 million. Tommy Page [...]

Mali Music Net Worth: Mali Music is an American recording artist, singer-songwriter, and producer wh [...]

Brett Kelly Net Worth: Brett Kelly is a Canadian actor who has a net worth of $200 thousand. Brett K [...]

 

Reuters Wealth News

FRANKFURT (Reuters) - The world's biggest bond investor Pacific Investment Management Co (Pimco [...]

(Reuters) - A former securities arbitration official's wrongful termination suit against the Fi [...]

(Reuters) - The biggest investor in Meredith Whitney's hedge fund has demanded his money back a [...]

BOSTON (Reuters) - Baltimore asset manager Legg Mason Inc's board has approved additional futur [...]

NEW YORK (Reuters) - There are plenty of delicate subjects during the holiday season, but one of the [...]

NEW YORK (Reuters) - AdvisorHUB, a year-old gossip and news website for the brokerage industry, has [...]

NEW YORK (Reuters) - There are plenty of delicate subjects during the holiday season, but one of the [...]

 

MarketWatch Personal Finance

Does your vision of retirement involve sunset walks on a long stretch of deserted beach or exploring [...]

As we run through our daily to-do lists, retirement might seem like a lifetime away. But if you take [...]

What would-be college students need to know about those high-stakes, secretive admissions decisions. [...]

When is price-checking often a waste of time, and when will it yield you real savings? [...]

Businesses that are growing thanks to Weed Inc. [...]

The Holy Grail may finally be in sight for America’s cigar smokers. [...]

Gift-worthy bottles of liquor and wine deserving of a spot under your Christmas tree. [...]

 

MarketWatch Top Stories

In the frenzied, hash-tagging world of Twitter, it’s always good to have a few go-to tweeters, who h [...]

They run the gamut from heavy-metal-inspired altbier to Nutcracker ale, writes Jason Notte. [...]

Most Asian stocks rise Monday, taking their cues from greater stability in crude oil prices and the [...]

China’s top securities regulator is investigating possible stock-price manipulation amid the recent [...]

Avon’s $135 million settlement in a bribery case highlights the irrationality of the Foreign Corrupt [...]

In London, luxurious—and multilevel—basements have become a way that the wealthy can add more space [...]

The dollar rises against the yen, but declines against most other major currencies on Monday amid su [...]

 

MarketWatch Pulse

HONG KONG (MarketWatch) -- Hong Kong stocks opened higher on Monday, poised to rise for a third day [...]

HONG KONG (MarketWatch) -- Japan stocks inched up Monday morning, heading for a fourth straight day [...]

WASHINGTON (MarketWatch) - No National Football League team will relocate to Los Angeles in 2015, ac [...]

WASHINGTON (MarketWatch) - The Environmental Protection Agency on Friday issued new federal rules fo [...]

NEW YORK (MarketWatch) -- The number of investors betting that the U.S. dollar will strengthen again [...]

SAN FRANCISCO (MarketWatch) -- News Corp said Friday it had acquired BigDecisions.com in India for u [...]

NEW YORK (MarketWatch) -- Walgreen Co. said on Friday that it plans to withdraw its stock from listi [...]

 
 
 
Translate »