Learning Center

6 minutes read

Inheritance or Legacy?

It takes no planning to leave an inheritance, you just have to pass away owning something. However, most wealthy families are more interested in leaving a legacy, which does require significant thought and planning. The Dilemma John has worked his entire life to achieve success in both his personal and professional life. He wanted nothing more than to create the best life for his loved ones, and worked…

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3 minutes read

2025 Estate and Gift Tax Updates You Need to Know

Authored by: Brian W. Sak, CFP®, CLU®, ChFC® In a significant update for estate planning and wealth management, the Internal Revenue Service (IRS) has announced an increase in the estate and gift tax exemption for 2025. The exemption amount will rise to $13.99 million per person, up from $13.61 million in 2024. Additionally, the annual exclusion gift tax limit will rise to $19,000 per individual up…

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5 minutes read

Understanding Net Unrealized Appreciation (NUA) for Oil & Gas Executives 

Contributed by: Tom Kelley, MBA As an executive in the oil and gas industry, particularly for leading companies like ConocoPhillips, Exxon, or BP, strategic financial planning is essential to managing your wealth effectively. One powerful tool that may be available to you is Net Unrealized Appreciation (NUA), a tax strategy that could significantly enhance your retirement distribution plans. In this…

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3 minutes read

Tax Efficient Wealth Strategies for High-Net-Worth Individuals

Contributed by: Austin Manning, CFP For high-net-worth individuals (HNWIs), effective wealth management requires more than just growing investments. Preserving wealth often hinges on mitigating tax liabilities, ensuring that more of your assets can be allocated toward personal goals, family needs, and legacy planning. With increasing complexity in the tax code, proactively adopting tax-efficient strategies…

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4 minutes read

The “One Big Beautiful Bill”

Authored by: Nicholas Brown, CFA®, CFP® Introduction: From Campaign Rhetoric to Legislative Reality On May 22nd, the U.S. House of Representatives narrowly passed the “One Big Beautiful Bill Act” (OBBBA), a sweeping legislative package championed by President Donald Trump. This 1,100-page bill aims to make permanent many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) and introduces new tax policies,…

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3 minutes read

The Importance of Customized Financial Planning

Contributed by: Austin Manning, CFP For high-net-worth individuals, achieving financial success is only the beginning. Preserving and growing wealth, mitigating risk, and ensuring a lasting legacy require a strategic and customized approach to financial planning. While cookie cutter solutions, AI tools, and robo-investor support may work for the average investor, affluent individuals often require…

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6 minutes read

What Is an Irrevocable Life Insurance Trust (ILIT)?

Contributed by: Briak Sak, CFP, CLU, ChFC When clients begin to think more intentionally about their legacy, few tools offer the flexibility, control, and tax advantages of an Irrevocable Life Insurance Trust, or ILIT. Often overlooked in general financial planning conversations, the ILIT is a sophisticated estate planning solution that can address multiple objectives: preserving wealth across generations,…

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5 minutes read

The Illusion of Urgency: How Sensational News May Skew Smart Investing

The media cycle is relentless. From morning talk shows to 24-hour business news, there’s a constant drumbeat of market commentary that can rattle even the most seasoned investors. On one screen, there’s a warning about an impending recession. On another, a pundit claims this year’s “must-own” stock is already doubling in value. For investors trying to protect and grow their wealth, this information…

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5 minutes read

Planning for Retirement in a Private Markets World

Contributed by: Dale Shaw, CFP For many high-net-worth families and successful business owners, the traditional rules of retirement may no longer apply. Portfolio models built exclusively on stocks, bonds, and annuities may still serve a purpose, but they are increasingly insufficient for those seeking more control, higher income potential, and better protection from volatility and taxes. The investment…

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4 minutes read

The Importance of Financial Literacy for the Next Generation

Contributed by: Pijus Bulvinas, CFP Financial literacy has long been a cornerstone of individual and family success. Yet, as financial markets grow more complex and life expectancy increases, equipping the next generation with financial knowledge has never been more critical. This isn’t a matter of teaching children to save their allowance; it’s about preparing them to navigate an intricate web of…

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3 minutes read

The Power of a Holistic Approach to Public and Private Equity Markets for Accredited Investors

The Power of a Holistic Approach to Public and Private Equity Markets for Accredited Investors When it comes to growing and preserving wealth, accredited investors have a unique advantage in harnessing the often-underestimated synergy between public and private equity markets. By utilizing a comprehensive strategy that integrates both markets, investors can optimize their returns and build a robust…

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4 minutes read

The Role of Asset Allocation During Volatile Markets

Contributed By: Pijus Bulvinas, CFP Periods of market volatility often generate unease for even the most seasoned investors. News cycles filled with uncertainty and swiftly changing market conditions can trigger emotional decision making, leading to actions that may harm long-term financial outcomes. During these times, one principle has consistently proven its importance: disciplined asset allocation. Asset…

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4 minutes read

The Emotional Side of Business Succession Planning

Contributed By: Tom Kelly, MBA For many business owners, their company is more than an asset—it is a legacy. It represents years, often decades, of hard work, sacrifices, and deep personal investment. As a result, succession planning is not just a financial or operational decision; it is an emotional one. While the technical aspects of business transition—valuation, tax strategies, legal structures—are…

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4 minutes read

Navigating the Volatility of Financial Markets: Strategies for High-Net-Worth Individuals

Authored by: Austin Manning, CFP Market volatility is an unavoidable reality for investors, particularly high-net-worth individuals (HNWIs) who have substantial assets exposed to financial fluctuations. While these shifts can create unease, they also bring potential for reassessment and repositioning within a well-structured investment framework. Addressing market turbulence effectively requires a…

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5 minutes read

The Hidden Risks of DIY Investment Management for High-Net-Worth Individuals

Contributed by: Dale Shaw, CFP, RICP For high-net-worth individuals, managing investments independently might seem like a cost saving strategy. However, without professional oversight, even the most financially savvy individuals can fall into costly traps. Investment mismanagement can lead to missed opportunities, excessive risk exposure, and significant tax inefficiencies. Here’s why DIY investing…

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6 minutes read

Trades Tariffs - The Good, The Bad, & The Ugly

Authored by: Nicholas M. Brown, CFA, CFP In their 2016 book War By Other Means, Robert Blackwill and Jennifer Harris argue that the United States has historically lagged in leveraging economic tools to achieve political objectives. That same year, the country elected a president who made economic policies—particularly trade tariffs—a central pillar of his foreign policy approach. As President Trump…

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4 minutes read

Don’t Let Tariffs Derail Your Long-Term Strategy: What Investors Should Do Now

Authored By: Brian Sak, CFP, CLU, ChCF In early 2025, a new wave of tariff policy updates has unsettled global markets. As trade rhetoric intensifies between the United States and major economies—including China and the European Union—investors are once again contending with heightened volatility, fluctuating commodity prices, and geopolitical uncertainty. While headlines focus on the noise of tariffs…

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7 minutes read

Tariffs, Tightening, and Turbulence: Unpacking Market Uncertainty in the Face of Shifting Policy

Authored by: Nicholas M. Brown, CFA, CFP In recent weeks, the conversation dominating the financial headlines has centered on tariffs—and whether or not they will ultimately be implemented. Initially perceived by many as a tactical move—a bargaining chip in the administration’s broader agenda, which includes border security, trade rebalancing, and domestic manufacturing support—tariffs have quickly…

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3 minutes read

The Role of Private Equity in Business Transitions

Contributed by: Tom Kelley, MBA For many business owners, transitioning a company—whether through sale, succession, or strategic restructuring—is one of the most significant milestones of their professional and financial lives. This process often involves navigating complex decisions about legacy, value realization, and future growth. Private equity (PE) can play a critical role in facilitating these…

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6 minutes read

Tax Reform Under a Republican Led Congress and Presidency

Authored by: Brian W. Sak, CFP, CLU, ChFC With a Republican administration and Congress in power, potential tax reform measures could significantly impact high-net-worth individuals, small business owners, and corporate executives. While the specific proposals remain uncertain, historical legislative priorities offer insight into the possible changes on the horizon. This article explores the key areas…

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3 minutes read

The Role of Trusts in Estate Planning

Contributed by: Austin Manning, CFP Estate planning is an essential component of managing and preserving wealth, particularly for families, business owners, and executives with significant assets. Among the many tools available, trusts stand out as a versatile and effective way to protect, manage, and transfer wealth in alignment with your wishes. Understanding the role of trusts in estate planning…

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3 minutes read

Planning for Intergenerational Wealth with Intentionality

For many families with significant wealth, creating a lasting legacy that benefits future generations is a paramount goal. Intergenerational wealth planning goes beyond simply transferring assets—it requires a thoughtful approach to ensure that your values, priorities, and financial strategies align to serve your family well over time. At Granite Harbor Advisors, we believe intentionality is a cornerstone…

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5 minutes read

Unlocking the Potential of 1031 Exchanges for Real Estate

Contributed by: Pijus Bulvinas, CFP & Richard Dorfman, Vice President, SRS Real Estate Partners Real estate investors are constantly seeking ways to maximize their returns while minimizing their tax liabilities. For those looking to sell appreciated property without incurring significant capital gains taxes, the 1031 exchange offers a powerful solution. Named after Section 1031 of the Internal…

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3 minutes read

Understanding the Risks and Benefits of Self Insurance

Contributed by: Caleb Christian, CFP, CLU, ChFC For successful individuals and business owners, self insurance can seem like an appealing alternative to traditional insurance. By taking on the financial responsibility of covering potential losses rather than transferring risk to an insurance provider, self insurance may offer greater control and cost savings—but it also comes with significant risks.…

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4 minutes read

Collaborative Philanthropy: Working With Other Wealthy Families

Contributed by: Timothy B. Smith, CFP For many high-net-worth families, philanthropy is not just a way to give back—it’s an opportunity to leave a legacy and create meaningful change. Increasingly, families are discovering the power of collaborative philanthropy, where they partner with other wealthy families to amplify their collective impact. At Granite Harbor Advisors, we understand that successful…

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4 minutes read

Relocating Your Tax Home: A Guide to Changing State Domicile

Contributed by: Dale Shaw, CFP, RICP In today’s increasingly mobile world, high-net-worth individuals often find themselves weighing the benefits of relocating to a state with more favorable tax laws. While the prospect of saving on state income taxes, property taxes, or estate taxes is appealing, changing your state domicile requires careful planning. This guide highlights the possible substantial…

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3 minutes read

How to Avoid Probate: Effective Estate Planning Tips

Contributed by: Brian W. Sak, CFP, CLU, ChFC Probate is often a time consuming and costly process that can create unnecessary stress for your loved ones. For families and individuals with significant assets, avoiding probate is a strategic way to facilitate a smoother transition of wealth. By incorporating thoughtful estate planning techniques, you can protect your heirs, preserve privacy for the family,…

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4 minutes read

How to Ensure Business Continuity After Your Exit

Contributed by: Tom Kelley, MBA For many business owners, their company represents years of dedication, vision, and effort. Planning for the continuity of your business after your exit is not just about protecting your legacy; it’s about ensuring the stability of the company, the well-being of its employees, and the financial security of your family. Yet, many entrepreneurs delay this critical planning…

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3 minutes read

Private Aviation: Leasing vs. Purchasing Aircraft

Private aviation is often seen as the ultimate symbol of success, efficiency, and convenience. For individuals and families with significant wealth, the decision to use private aviation is less about luxury and more about optimizing time, ensuring safety, and maintaining privacy. Yet, a critical question remains: should you lease or buy a private aircraft? This article explores the key considerations…

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4 minutes read

Managing Risks Associated with Real Estate Investment

Contributed by: Caleb Christian, CFP, CLU, ChFC Real estate has long been a cornerstone of wealth building strategies for investors, offering the potential for income generation, capital appreciation, and diversification. However, like any investment, it is not without its risks. Managing these risks effectively requires a proactive approach and careful planning to safeguard your wealth and optimize…

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4 minutes read

The Pros and Cons of Roth Conversions

Contributed by: Dale Shaw, CFP, RICP As wealth advisors, one of the most common questions we address involves the value of Roth conversions as part of a comprehensive financial strategy. While Roth conversions can be a powerful tool for tax efficient retirement planning, they are not a one size fits all solution. It’s essential to weigh the advantages and disadvantages carefully, considering your unique…

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5 minutes read

Structuring Donor Advised Funds for Maximum Impact

Contributed by: Timothy B. Smith, CFP Charitable giving is a core value for many high-net-worth families, corporate executives, and small business owners. Whether driven by a desire to leave a legacy, engage the next generation in philanthropy, or simply support causes they care about, strategic charitable planning allows individuals to maximize their impact while taking advantage of significant tax…

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6 minutes read

The Trade Off Between Basis Adjustment and Estate Taxation

Contributed by: Brian W. Sak, CFP, CLU, ChFC For high-net-worth individuals, preserving family wealth across generations often involves balancing two competing priorities: minimizing estate taxes and maximizing the capital gains tax benefits through a basis adjustment. These two objectives frequently intersect, particularly when deciding whether to leave assets in an estate or transfer them into a…

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3 minutes read

Charitable Giving Through Investments: Benefits and Impact

Authored by: Nicholas M. Brown, CFA, CFP As 2024 draws to a close, many investors find themselves in a fortunate position. The markets have delivered a year of solid growth, and many portfolios could be brimming with appreciated securities. While this success is worth celebrating, it also creates an opportunity to reassess philanthropic strategies. One powerful option is donating highly appreciated…

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4 minutes read

How Annuities Can Transform Your RMD Strategy

Authored by: Tom Kelley, MBA The SECURE 2.0 Act, signed into law in December 2022, introduced significant updates to retirement planning rules, including changes to required minimum distributions (RMDs). These adjustments offer retirees more flexibility to manage their savings effectively while opening new opportunities for incorporating annuities into retirement plans. Among these, annuities stand…

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3 minutes read

Planning for Educational Investments for Future Generations

Investing in the education of future generations is one of the most impactful legacies a family can create. For many affluent families, this means going beyond standard savings plans and exploring sophisticated strategies that ensure educational goals are met while maintaining financial stability. Granite Harbor Advisors understands the unique challenges and opportunities of educational planning, and…

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4 minutes read

How to Use a Family Office to Unify Wealth and Governance 

Contributed by: Pijus Bulvinas, CFP For families with significant wealth, managing financial, legal, and operational complexities can feel like juggling a set of constantly moving priorities. The stakes are high—not just for protecting wealth but for maintaining family harmony and ensuring that your wealth aligns with your values and long term goals. This is where a family office becomes indispensable. A…

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4 minutes read

Understanding Tax Thresholds

Authored by: Dale Shaw, CFP, RICP As your wealth grows, so does the complexity of your financial obligations. One of the most significant and often misunderstood aspects of financial planning is navigating tax thresholds. These thresholds, the income levels at which specific tax rates or rules apply, play a pivotal role in determining your overall tax liability. For high-net-worth individuals, business…

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4 minutes read

How to Create a Strategic Giving Plan Aligned with Your Values

Contributed by: Timothy B. Smith, CFP® Strategic giving allows families, business owners, and executives to maximize the effectiveness of their contributions, create a lasting legacy, and experience the fulfillment of purposeful generosity. At Granite Harbor Advisors, we understand the complexities of wealth management and the unique considerations of high-net-worth individuals when it comes to charitable…

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6 minutes read

Tax Loss Harvesting in a Positive Market

Contributed by: Nicholas M. Brown, CFA, CFP 2024 is shaping up to be another banner year for equity investors, with the S&P 500 up over 20% for the year at the time this article was written. To the extent those gains occur in accounts with capital gains exposure, a positive market could also create the possibility for significant tax liability. One way to address capital gains exposure is through…

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4 minutes read

Navigating the Volatility of Financial Markets: Strategies for HNWIs

Contributed by: Tom Kelley, MBA For many families, a business is not just a source of income; it is a legacy. Successfully passing on a family business to the next generation involves more than a handshake or an informal agreement. It requires intentional planning, strategic preparation, and a focus on preserving family harmony while ensuring the business remains strong and sustainable. At Granite…

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4 minutes read

How to Pass on a Family Business to the Next Generation

Contributed by: Tom Kelley, MBA For many families, a business is not just a source of income; it is a legacy. Successfully passing on a family business to the next generation involves more than a handshake or an informal agreement. It requires intentional planning, strategic preparation, and a focus on preserving family harmony while ensuring the business remains strong and sustainable. At Granite…

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5 minutes read

Building Liquidity into a High-Net-Worth Portfolio

Contributed by: Austin Manning, CFP® High-net-worth (HNW) individuals often face unique financial challenges. A key consideration among these is liquidity—ensuring access to cash or liquid assets when unexpected opportunities or emergencies arise. While a robust portfolio typically includes a mix of investments designed for growth, income, and preservation, building liquidity is essential for both…

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6 minutes read

(eCLAT): Combining Philanthropy with Wealth Transfer Strategies

Contributed by: Brian W. Sak, CFP®, CLU®, ChFC® For high-net-worth individuals seeking to balance charitable giving with strategic wealth transfer, the Enhanced Charitable Lead Annuity Trust (eCLAT) is a powerful tool. This sophisticated strategy enables donors to make substantial contributions to charity while preserving and growing wealth for their families. By incorporating life insurance into a…

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4 minutes read

How to Prepare Your Business for Sale: 10 Tips for Success

Contributed by: Pijus Bulvinas, CFP® and Sam Breske, Director, Affinity Ventures If you are getting ready to sell your business or believe that a sale may be on the horizon in the next several years, it is crucial to plan accordingly. Proper planning and preparation for the sale of your business can significantly impact the success and profitability of the transaction. Here are 10 steps to consider…

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4 minutes read

Planning for Luxury Real Estate Purchases

Luxury real estate represents not just a home but also a significant investment, a statement of personal style, and often a strategic component of a broader wealth management plan. For high-net-worth individuals, the purchase of a luxury property can be both exciting and complex. To ensure the process aligns with your financial goals and avoids costly mistakes, a comprehensive plan is essential. At…

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3 minutes read

Navigating the Secure 2.0 Act's Higher Catch-Up Limits

Authored by: Dale Shaw, CFP®, RICP® Beginning in 2025, the annual contribution limits to 401(k) plans, 403(b) plans, governmental 457 plans, and the federal government’s Thrift Savings Plan will increase to $23,500. The age 50+ catch up contribution will be $7,500. Also, the SECURE 2.0 Act introduces a higher catch up contribution for those between the ages of 60-63 bringing their catch up contribution…

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5 minutes read

The Benefits of Establishing a Private Foundation

Contributed by: Timothy B. Smith, CFP® In the world of philanthropy, private foundations hold a unique and esteemed position, offering wealthy donors, philanthropists, and nonprofit leaders an avenue to maximize their charitable impact. Establishing a private foundation is an important strategic move that provides lasting benefits to society and personal legacy. This article explores the many advantages…

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7 minutes read

Adapting to Interest Rate Changes

Authored by: Nicholas M. Brown, CFA, CFP® Investors are navigating a unique economic landscape today, characterized by declining interest rates alongside a yield curve that seems to be shifting from an inverted state to a more typical configuration. It's a much different environment than even just 12 months ago. Understanding the dynamics of this environment and its implications for different asset…

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4 minutes read

Valuing Your Business for Succession and Sale

Contributed by: Tom Kelley, MBA In the dynamic world of business, preparing for succession or sale demands a meticulous approach, with business valuation standing out as a critical component. Accurately valuing your business not only sets realistic expectations but also lays the foundation for a successful transition. Here, we review the importance of accurate business valuation and explore key principles…

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2 minutes read

Wealth Preservation in Times of Political Uncertainty

Contributed by: Austin Manning, CFP® In today's rapidly changing political climate, high net worth individuals and investors face unique challenges when it comes to preserving wealth. The strategies outlined below are potential financial planning and wealth management solutions to safeguard assets amidst uncertainty. Proper Diversification of Asset Classes Diversification is a fundamental strategy…

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3 minutes read

Navigating Business Exit Planning: What Are My Options?

For business owners contemplating their next steps, understanding and evaluating exit options is crucial. This article explores the fundamentals of exit options analysis, emphasizing its significance and exploring the two primary categories for private ownership transitions: "inside" and "outside" strategies. The Essence of Exit Options Analysis Exit options analysis is not simply a checklist of potential…

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4 minutes read

Educating the Next Generation on Financial Responsibility

Contributed by: Pijus Bulvinas, CFP® In today's rapidly changing economic landscape, financial education has become more critical than ever for the next generation. With challenges such as rising student loans, economic uncertainty, and an increasingly complex financial world, it is imperative for young people to develop a strong foundation of financial literacy early on. By equipping children and…

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3 minutes read

Business Continuity Planning for Entrepreneurs: Securing Your Future

Contributed by: Caleb Christian, CFP®, CLU®, ChFC® In the dynamic world of entrepreneurship, the resilience of your business is just as crucial as its growth. Business continuity planning (BCP) is an essential strategy that ensures your business can weather unforeseen disruptions. For entrepreneurs and small business owners, a robust business continuity plan is not just a safeguard—it's a strategic…

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4 minutes read

How to Use Charitable Deductions to Offset Tax Liabilities

Contributed by: Dale Shaw, CFP®, RICP® In the world of wealth management and tax strategy, the art of giving is not only a philanthropic endeavor, but also a sophisticated approach to tax optimization. For affluent individuals, financial planners, and tax professionals, understanding the nuances of charitable deductions can significantly impact tax liabilities. This article discusses advanced strategies…

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4 minutes read

How to Align Philanthropy with Personal Values

Contributed by: Timothy Smith, CFP® In the current landscape, philanthropy offers a significant opportunity for individuals to make a meaningful impact within their communities and beyond. To maximize the benefits of charitable giving, it is essential that these endeavors align with one's personal values and long-term goals. With over 25 years of experience in financial planning and philanthropy, I…

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4 minutes read

Election Year Markets

Authored by: Nicholas M. Brown, CFA, CFP® We are just a few short days away from Election Day, where the United States will elect its next President, the entire House of Representatives, and a third of the US Senate seats. This election cycle has seen a swirl of political activity unlike any other previous election cycle. It is not uncommon for election seasons to bring uncertainty, speculation, and…

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9 minutes read

Generation Skipping Tax (GST) Simplified: Pitfalls and Planning Opportunities

Contributed by: Brian Sak CFP®, CLU®, ChFC® Navigating the seemingly endless tax regulations can feel daunting, especially for high-net-worth families and business owners striving to preserve and protect generational wealth. According to the book "Preparing Heirs: Five Steps to a Successful Transition of Family Wealth and Values", 90% of family wealth is dissipated by the third generation. Ineffective…

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4 minutes read

Using Buy-Sell Agreements to Protect Your Business

Contributed by: Tom Kelley, MBA In the dynamic world of business, continuity and stability are paramount. Business owners often face the challenge of safeguarding their enterprise against unforeseen events that can disrupt operations. One of the most effective tools in ensuring business continuity is the buy-sell agreement. This strategic legal document is essential for protecting your business from…

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3 minutes read

Navigating the Rise of Historically Large IRA Balances

Authored by: Austin Manning, CFP® In recent years, the financial landscape has witnessed a significant uptick in the size of Individual Retirement Accounts (IRAs), with balances reaching unprecedented levels in 2024. This trend is not just a statistical anomaly but a reflection of several contributing factors that have converged to shape retirement planning in profound ways. Factors Driving Growth…

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4 minutes read

Navigating the Complexities of Medicare and the IRMAA Surcharge in 2024

Contributed by: Dale Shaw, CFP®, RICP® High-income earners face a pivotal aspect of their retirement planning—understanding and managing the Income-Related Monthly Adjustment Amount (IRMAA) surcharge associated with Medicare. This surcharge, which can significantly increase Medicare costs, is a crucial consideration for those in higher income brackets. This article aims to demystify the nuances of…

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4 minutes read

Navigating the Investment J-Curve with Confidence: A Guide to Strategic Private Equity Investing

In the realm of private equity investing, a comprehensive understanding of the intricacies of the J-Curve is essential for investors aiming to optimize their portfolios. The J-Curve serves as a graphical representation of the typical return trajectory experienced by private equity funds, illustrating the initial dip in returns followed by a substantial rise as investments mature. This phenomenon is…

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5 minutes read

You've Agreed to Sell Your Business. What's Next?

By: Brian Sak CFP®, CLU®, ChFC® Selling your business is a monumental milestone, often accompanied by a wave of emotions and critical financial decisions. For many exiting business owners, this moment represents both the culmination of years of hard work and the start of a new chapter. But what happens after you've shaken hands on the deal? In this comprehensive guide, we'll walk you through the essential…

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9 minutes read

Estate Planning Before the TCJA Repeal

By: Brian Sak CFP®, CLU®, ChFC® Navigating the complexities of estate planning can feel daunting, especially for ultra-high-net-worth families and business owners. With the Tax Cuts and Jobs Act (TCJA) tax cuts set to expire on December 31, 2025, now is the time to act. The current lifetime exemption limits are at an all-time high, offering a unique opportunity to shift wealth outside of the taxable…

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6 minutes read

You've Made Gifts to Trust. Now What?

Contributed By: Brian Sak CFP®, CLU®, ChFC® Congratulations! By making gifts to a trust, you’ve taken a significant step towards optimizing your financial future and taking advantage of the current tax environment prior to the potential TCJA (Tax Cuts and Jobs Act) sunset. This proactive move helps protect your wealth, ensuring that it benefits your family and future generations. However, this is only…

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3 minutes read

Navigating Rule 10b5-1 Trading Plans: A Detailed Guide

Ensuring compliance while managing personal investments is a significant challenge for senior executives and directors of public companies. Company trading policies often impose restrictions to prevent conflicts of interest and insider trading, making it difficult for executives to sell shares. However, Rule 10b5-1 trading plans offer a solution. This article provides an in-depth look at these plans,…

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7 minutes read

Charitable Planning: A Strategic Avenue for Philanthropic Impact and Wealth Management

Contributed By: Timothy Smith, CFP Charitable planning stands as a cornerstone in the realm of wealth management, offering affluent individuals and families a pathway to leave a lasting impact on society while simultaneously optimizing their tax strategy. A charitable approach can provide substantial benefits, including tax relief, income generation, and most importantly, legacy preservation. Some…

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5 minutes read

Preparing for Life After Retirement: A Guide for Future Retirees

Contributed by: Dale Shaw, CFP®, RICP® Planning for retirement is an essential journey for everyone, regardless of career. Whether you’ve been a corporate executive, a small business owner, or an employee in any sector, you’ve likely spent years saving and preparing for this next chapter. While regular contributions to your 401(k) or other retirement plans have been crucial, transitioning into retirement…

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4 minutes read

The Power of Tax Diversified Investing: A Wealth Advisor's Perspective

Contributed by: Caleb Christian CFP®, CLU®, ChFC® “In this world, nothing is certain except death and taxes.” This famous quote from Benjamin Franklin emphasizes an often-overlooked aspect of investing: tax diversification. While many investors focus on traditional diversification strategies—spreading their assets across various stocks, bonds, and asset classes—it’s equally important to consider ways…

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4 minutes read

Mitigating Estate Tax: The Role of Spousal Lifetime Access Trusts (SLATs)

Contributed by: Brian W. Sak, CFP®, CLU®, ChFC® In the complex world of estate planning, the Spousal Lifetime Access Trust (SLAT) can be an attractive strategy for married, high-net-worth couples looking to manage taxes, preserve wealth, and transfer assets across generations. Understanding a SLAT's benefits is crucial for those aiming to secure their family's financial future. This knowledge is vital…

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3 minutes read

Understanding the Qualified Business Income Deduction

What is the Qualified Business Income Deduction? The Qualified Business Income (QBI) Deduction is a tax provision introduced under the Tax Cuts and Jobs Act (TCJA) of 2017. This deduction, available under Section 199A, allows eligible taxpayers to deduct up to 20% of their qualified business income from their taxable income. The purpose of this provision is to provide a tax break to small business…

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4 minutes read

Qualified Small Business Stock (QSBS)

Qualified Small Business Stock (QSBS) presents a significant opportunity for investors seeking to minimize tax liabilities while supporting small businesses. Established under Section 1202 of the Internal Revenue Code, QSBS offers unique tax incentives that can be highly beneficial for both entrepreneurs and investors. This article will provide an in-depth look at what QSBS is, how it functions, who…

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4 minutes read

Understanding the 83(b) Election: A Strategic Tax Move for Business Leaders

The 83(b) election is an essential tax planning strategy that can significantly impact the financial outcomes of business owners, C-suite executives, and founders. This article dives into the specifics of what an 83(b) election is, its tax implications, how it pertains to stock awards, when it should be considered, and the potential outcomes of making this election. What Is the 83(b) Election? Section…

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5 minutes read

The Rise of Private Debt in Financial Markets

The landscape of financial lending has witnessed a substantial transformation in recent years, with private debt emerging at the forefront of this evolution. This once-neglected segment of the capital markets has swiftly risen to prominence, garnering the focused attention of investors, borrowers, and financial institutions across the globe. One notable statistic is that private credit and direct lending…

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6 minutes read

Venture Capital: Fueling Innovation and Growth in Start-Ups

Venture capital (VC) plays a pivotal role in financing start-ups and early-stage enterprises with significant growth potential. Such investments enable companies to scale operations, develop innovative technologies, and introduce disruptive products or services to the market. A comprehensive understanding of VC's function in funding start-ups is indispensable for those looking to enter this investment…

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4 minutes read

Supreme Court's Decision in Connelly v. United States: Implications for Business Owners with Buy/Sell Agreements

On June 13, 2024, the Supreme Court delivered its decision in Connelly v. United States, a landmark case that has significant implications for business owners with entity redemption buy/sell agreements. This ruling has reshaped the landscape of estate tax calculations and necessitates careful consideration of alternative structures for buy/sell agreements and life insurance policy ownership. Below…

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8 minutes read

The Great Wealth Transfer is Underway: Navigating New Frontiers in Retirement

The impending transfer of wealth from Baby Boomers to Millennials and Gen Z is not just an unprecedented shift in economic power, estimated at $84.4 trillion by the year 2045, but also a crucial lifeline for the latter generations who are navigating through a vastly different and more challenging economic landscape than their predecessors. Unlike the Boomers, Millennials and Gen Z have been grappling…

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8 minutes read

Navigating the Complexities of 280G Regulations in Mergers and Acquisitions

In the journey of any business, the strategic steps of mergers and acquisitions (M&A) stand as pivotal moments that can shape the company's path for years to come. For those entering this field, it's crucial to grasp that every move carries significant weight. Even a minor action can trigger a tax consequence under Section 280G of the Internal Revenue Code, impacting founders, executives, and key…

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4 minutes read

Financial and Estate Planning for High-net-Worth Individuals with a Blended Family

In the intricate realm of financial and estate planning, an additional layer of complexity arises when dealing with high-net-worth individuals who have blended families. The challenge lies in striking a delicate balance between the financial needs and goals of each family member, while also ensuring that wealth is strategically managed and preserved for future generations. This blog post aims to illuminate…

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6 minutes read

Navigating Complex Tax Regulations for High-Net-Worth Individuals

Navigating Complex Tax Regulations for High-Net-Worth Individuals When it comes to tax planning, high net worth families must pay adequate attention to three distinct taxes on their wealth: income tax, capital gains tax, and estate tax. Understanding and managing these taxes effectively is not only a requirement but also a strategic move to safeguard wealth and ensure future financial health. This…

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4 minutes read

Maximizing Your Social Security Benefits and Minimizing Taxes

Is Social Security income taxable? As we approach tax season, many individuals are wondering if their Social Security income will be subject to taxation by the IRS. This is a common concern among retirees and those nearing retirement age. The answer to this question is not a simple yes or no, as it depends on various factors. In this blog, we will explore the topic of Social Security income and its…

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7 minutes read

Empowering Your Estate: The Dynamic Partnership of Estate Planning Attorneys & Wealth Advisors

The Dynamic Partnership of Estate Planning Attorneys & Wealth Advisors Co-Author – Amy R. Koontz, Attorney at Malouf Nakos Jackson & Swinson, P.C. As American retirees prepare to transfer a staggering $36 trillion over the next 30 years to families, friends, and charitable organizations upon death1, it’s critical to understand that a seamless transfer of wealth requires more than just a will.…

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7 minutes read

Maximizing Real Estate Returns in Texas

Maximizing Real Estate Returns in Texas: Investment Strategies & Ownership With Texas's changing property tax landscape, real estate is becoming an increasingly attractive asset class. Discover if and how real estate may fit within your investment portfolio. Governor Abbott recently signed one of the most significant property tax cuts in American history, officially using $18 billion of the state’s…

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3 minutes read

The Corporate Transparency Act

The Corporate Transparency Act: Implications and Considerations As the clock ticks closer to January 1, 2024, businesses across the nation are preparing for the implementation of the Corporate Transparency Act (CTA). This landmark legislation aims to enhance transparency and accountability in the corporate world. Here we will discuss the main provisions of the CTA, discuss its implications for small…

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5 minutes read

Maximizing Tax-Advantaged Wealth: Creating Strategic Partnerships Between CPAs & Wealth Advisors

One of the most significant threats to the long-term success of wealth accumulation, particularly for high-net-worth individuals, is the burden of taxes. The question to all finance professionals, from CPAs to wealth advisors, is simple: What steps can we take now to proactively help maximize wealth and minimize tax burdens in the future? Often, these strategies require the partnership of a CPA and…

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6 minutes read

Secure Your Business Legacy: The Power of Buy-Sell Agreement Planning for Business Owners

The Power of Buy-Sell Agreement Planning for Business Owners As a business owner, ensuring the long-term success and continuity of your enterprise is usually at the very top of the list of priorities. One of the essentials that can help you achieve this goal is effective buy-sell planning. This article delves into the significance of buy-sell planning for business owners and highlights the key strategies…

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7 minutes read

Understanding Your Retirement Benefits: Things to consider as a BP Executive Preparing to Retire

How do I make the most of my BP retirement benefits? As one of the most lucrative positions in the oil and gas industry, BP executives enjoy exceptional employee benefits. However, navigating these offerings can be overwhelming, even for high-level executives. From cash compensation and severance packages to stock options and bonuses, the array of benefits can be daunting to navigate—especially anticipating…

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6 minutes read

Managing Your 401(k) After Job Transition: Key Considerations & Advanced Tax Strategies

What to do with Your 401(k) after Leaving a Job: Key Considerations & Advanced Tax Strategies When navigating a job transition, whether entering retirement or an unexpected layoff, one crucial aspect that requires careful consideration is what to do with your 401(k) plan. Making informed choices is of utmost importance to safeguard your financial future. By taking stock of your existing plan and…

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4 minutes read

A Comprehensive Guide to the Private Equity Due Diligence Process

Private equity investments offer the potential for significant returns, but they also carry a considerable amount of risk. Therefore, conducting a thorough due diligence process is crucial to evaluate the viability and suitability of these opportunities. We have constructed a robust infrastructure that allows us to bring private equity opportunities directly to you, ensuring a more transparent and…

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5 minutes read

The Clock is Ticking: Why Accredited Investors are Taking Advantage of Private Placement Life Insurance (PPLI)

As today's top federal estate tax rate, or "death tax," currently tops out at 40%, proactive planning is needed for high-net-worth individuals who want to avoid nearly half of their estate going to taxes rather than their heirs upon death.1 With sizeable estate tax exemptions currently set to expire on December 31, 2025, combined with today's historically attractive tax rates, there has never been…

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4 minutes read

Pros and Cons of Private Equity Investing: What You Need to Know as a High-Net-Worth Investor

Private equity investments can be an attractive option for investors looking to diversify their portfolios and potentially earn higher returns. However, before jumping into this type of investment, it's critical to consider whether it's the right choice for your individual financial goals and risk tolerance. What are the pros of private equity investing? Higher potential returns: Private equity investments…

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10 minutes read

The Ultimate Guide to Private Market Investing

Getting Started with Private Markets as part of a Comprehensive Investment Strategy for Accredited Investors. Private Market Investing has become increasingly popular over the years as investors seek higher returns in a low-interest-rate environment and an alternative to the daily volatility of the public markets1. Private Markets can be a profitable venture for the right investor. While investing…

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7 minutes read

10 Interview Questions to Ask Your Financial Advisor

Ask the Right Questions Not all financial advisors are the same. Asking the right questions can help you find the right advisor for your specific goals. However, you may not be aware of what questions to ask or even what a good answer would be. You may find this concise summary of questions helpful in your search. 1. Are you…

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3 minutes read

Do I Need a Financial Advisor?

In the 21st century, endless information is accessible in the palm of our hands. With a few clicks, we can find the basic information we need to make financial decisions quickly and easily. But for some of us, basic information is not enough. Additionally, we tend to have limited amounts of time for researching, implementing, and monitoring financial decisions. If you find yourself thinking about some…

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15 MINUTES WATCH

15-Minute Quarter: Tariffs and Trade Wars

First Quarter 2025 Quarterly Market Summary Welcome to another episode of The 15-minute Quarter! Each quarter Granite Harbor Advisors presents a 15-minute overview of the last 90 days in the market and answers many common questions we have received. In this episode, Tariffs & Trade Wars, our very own Nicholas Brown, CFA, CFP® provides commentary on the last quarter and how we are navigating the current climate.

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15 MINUTES WATCH

15-Minute Quarter: Q4 '24

2024 Annual Review Market Summary Welcome to another episode of The 15-minute Quarter! Each quarter Granite Harbor Advisors presents a 15-minute overview of the last 90 days in the market and answers many common questions we have received. In this episode, our very own Nick Brown, CFA, CFP® provides commentary on the last year and how we are navigating the current climate.

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15 MINUTES WATCH

15-Minute Quarter: Red or Blue?

Third Quarter 2024 Quarterly Market Summary Welcome to another episode of The 15-minute Quarter! Each quarter Granite Harbor Advisors presents a 15-minute overview of the last 90 days in the market and answers many common questions we have received. In this episode, Red or Blue, our very own Nick Brown, CFA, CFP® provides commentary on the last quarter and how we are navigating the current climate.

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15 MINUTES WATCH

15-Minute Quarter: Shake It Off

Second Quarter 2024 Quarterly Market Summary Welcome to another episode of The 15-minute Quarter! Each quarter Granite Harbor Advisors presents a 15-minute overview of the last 90 days in the market and answers many common questions we have received. In this episode, Shake It off, our very own Nick Brown, CFA, CFP® provides commentary on the last quarter and how we are navigating the current climate.

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15 MINUTES WATCH

15-Minute Quarter: Recession or Recovery?

First Quarter 2024 Quarterly Market Summary Welcome to another episode of The 15-minute Quarter! Each quarter Granite Harbor Advisors presents a 15-minute overview of the last 90 days in the market and answers many common questions we have received. In this episode, Recession or Recovery?, our very own Nick Brown, CFA, CFP® provides commentary on the last quarter and how we are navigating the current climate.

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The 15-Minute Quarter: Back to the Future

The 15-Minute Quarter: The Upside Down Welcome to the latest edition of The 15-minute Quarter! Each quarter, Granite Harbor Advisors presents a concise 15-minute overview of the market's performance over the past 90 days, addressing the most frequently asked questions we receive. In this episode titled "Back to the Future," our very own Nick Brown, CFA, CFP®, dives into 2023 as a whole, providing insightful commentary on current events and market performance.

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On-Demand Video - The 15-Minute Quarter: The Upside Down

The 15-Minute Quarter: The Upside Down Welcome to the latest edition of The 15-minute Quarter! Each quarter, Granite Harbor Advisors presents a concise 15-minute overview of the market's performance over the past 90 days, addressing the most frequently asked questions we receive. In this episode titled "The Upside Down," our very own Nick Brown, CFA, CFP®, dives into Q3 2023, providing insightful commentary on current events and market performance.

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On-Demand Video - Private Equity: Introducing Granite Harbor - West Allis Investors, LP

Introducing Granite Harbor - West Allis Investors, LP We are thrilled to announce the launch of our newest private equity fund, Granite Harbor - West Allis Investors, LP. This 6-story, 247-unit Class A Apartment Development is just 5 miles from Milwaukee's Central Business District, offering investors an opportunity to capitalize on its prime location and exceptional amenities.

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On-Demand Video - Beyond 401(k) Rollovers

Exploring Advanced Tax Strategies for Your Retirement Account After Leaving a Job In the ever-changing landscape of employment, the decisions you make regarding your company retirement account after leaving an employer have never been more critical. You or your loved ones may be faced with tough choices of if, when, and how to move your company retirement savings. This single decision holds immense weight, as it can either become a major tax trap or a significant wealth-building opportunity shaping your financial future. Join us for an informative webinar where we delve into the common pitfalls and key considerations surrounding this pivotal decision, including how to: Identify the options for your 401(k) after leaving an employer Understand the potential tax diversification within your 401(k), how to preserve these advantages, and avoid overpaying on future taxes Capitalize on one of the biggest tax advantages available exclusively to company stocks owners Equip yourself with the knowledge needed and exact questions to ask to navigate this advanced planning terrain

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2025 Tax Reference Guide

Stay current of the latest tax changes with our 2025 Tax Rates, Schedules, and Contribution Limits with our latest 2025 Tax Reference Guide.

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Using Life Insurance to Transfer Wealth

Using Life Insurance to Transfer Wealth Life insurance can be a useful tool to accomplish many different planning goals. Specifically, if you are investing for a purpose that extends beyond your lifetime, like preserving wealth for generations to come, then life insurance can be a very attractive investment vehicle. Download our infographic to see how a well-designed life insurance strategy can be a tax-efficient way to transfer wealth and protect your legacy.

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Integrating Public & Private Market Access

With the expansion of Private Markets, Granite Harbor recognizes the significance of offering effective exposure to a growing asset class in investment portfolios. Additionally, we believe that more investment opportunities are electing to stay in the private arena for longer than they previously were. This idea is supported by the fact that: Investment in Private Markets as measured by Assets Under Management accounted for $13.1 Trillion in 20231. This level of investment equates to approximately 30% of the total market capitalization of the S&P 5002. Growth in Private Market investment has increased exponentially in recent years. Since 2018, private market investment has grown by 20% per year1. In 2021, the average size of IPO as measured by market capitalization was $3.96 Billion. In 2010, the average market capitalization was only $545 million3. Sources https://www.mckinsey.com/industries/private-equity-and-principal-investors/our-insights/mckinseys-private-markets-annual-review#/ https://www.spglobal.com/spdji/en/indices/equity/sp-500/#data https://site.warrington.ufl.edu/ritter/files/IPO-Statistics.pdf

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Succession Planning Starts Now

Define your legacy Leaving a business you built from the ground up or played a significant role in shaping is never easy. You want to know that the legacy you created will be protected and outlast your time with the company. That’s why succession planning and continuity planning are so important. With a written plan in place, you can feel confident your vision, goals, priorities, and values will be respected and continued for years to come. At Granite Harbor, we recommend business owners begin continuity and succession planning as soon as their business comes into existence. We also help business owners create and modify plans as needed, offering guidance to protect personal finances as well as the financial health of the business. That’s also why we created this eBook, to highlight some of the most pressing issues facing business owners in the succession planning process. You’ll find insights on how to approach a variety of scenarios and what to consider at each stage. By identifying your goals and the financial strategies to achieve them, you can develop continuity and succession plans that define your legacy and position your company for long-term success.

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2024 Tax Reference Guide

Stay current on 2024 Tax Rates, Schedules, and Contribution Limits with our latest 2024 Tax Reference Guide.

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Retirement Planning with Purpose and Confidence

Retiring with Peace of Mind Everyone has a different vision for what their retirement looks like. However, the foundations to get there are always the same: Thoughtful planning and attentive financial management from the time you start your career all the way through your retirement years is essential. Whether you are a young executive just starting to formulate a retirement strategy, approaching retirement age, or making the long-awaited transition into retirement, a trusted team of financial advisors can provide experienced and objective guidance to help keep your plans on track. This eBook offers insights on how executives and business owners should approach each stage of their retirement journey.

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Money in Motion

Preparing for life’s significant triumphs, transitions and setbacks. As a business owner or executive, you recognize the value of hard work and have achieved success through persistence and determination. You also understand that goals are best accomplished using a team of professionals collaborating to bring fresh ideas, innovations and perspectives. When it comes to wealth planning, it’s vital to take the same collaborative approach with trusted advisors to build upon a solid foundation and achieve maximum potential. A fiduciary-level team of advisors can help you manage your finances at every stage of life and provide guidance to make your money work for you more efficiently. This ebook will cover the moments in life when your money is (or should be) in motion and how a team of advisors can provide guidance and recommendations that serve your best interests.

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How and Why Wealthy Families Use Life Insurance

A different approach to life insurance Many people think about life insurance as financial protection against premature death. The death benefit to be paid is a replacement for lost income and helps keep the family going. But most affluent families aren’t overly concerned with income replacement. Instead, wealthy families use life insurance to protect assets because of the specific tax benefits and ROI it can provide. Including insurance products in a well-diversified portfolio can help investors achieve financial goals for the current family while also protecting wealth for future generations. In essence, there are three major themes when it comes to how and why wealthy families use life insurance: wealth accumulation, leverage, and liquidity. This ebook will explore these themes and offer insights into how to use insurance strategies most effectively.

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Avoid Emotional Money Mistakes

Making financial decisions with confidence Experienced leaders understand that emotional reactions and split- second decisions rarely yield the best results. When challenges arise, business owners and executives instead rely on data, thoughtful strategies, and experience to help their organizations achieve performance goals. The same is true for personal finances. When uncertainty arises or things do not go as planned, letting emotion guide your decision-making can have profound financial implications. After years of hard work to achieve success, it can be extremely difficult to separate emotions from disciplined decision-making. Even a brief moment of compromised judgment can have a lasting effect on your financial health and legacy. To help you avoid missteps, a team of fiduciary-level advisors can provide valuable objectivity and a voice of reason when complex emotions are involved. This ebook examines situations that can sometimes lead to emotional decision-making and how the right advisors can help you stay on track toward successful wealth management.

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