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Optivest Updates

How to Keep Your Family Wealthy

We are in the midst of a historic transfer of family wealth: Right now, $1 trillion is being passed to heirs every single year In all, Baby Boomers are expected to bequeath $30 trillion to their heirs over the next 30 to 40 years. But if history is a guide, this story won’t end well. In 70% of cases, family wealth does not make it past the second generation, according to Sloan Management Review. The old saying, “shirtsleeves to shirtsleeves in three generations” is all too accurate.

A Simple Formula for Success

What’s your number? It seems that we all have a number in mind, whether realistic or not, that if we get there, our financial future would be secure and we could retire without worry. For many this “number” keeps growing and forever seems out of reach. For some this number is “a little bit more,” even though they have long passed their requirements for a comfortable retirement.

Post-Divorce Wives, Widows and Wealth Management

(As reported in Huffington Post on May 23, 2013)
By: Mark Van Mourick

According to the Wall Street Journal, over the next 20 years, approximately $25 trillion will be passed to women through divorce, death of spouse or inheritance. Currently, women make up just under half of the nation’s millionaires. If their earning potential continues to grow on track, they will account for up to two thirds of the nation’s wealth by 2030.

Over the years, I have assisted a number of women from ages 30 to 80 with unique problems and issues arising from the death or divorce of their wealthy husbands. Oftentimes, these women are not actively involved in either the day-to-day management of their household money or the management of their investments. While they may have considerable assets to meet their financial requirements, they’re starting from a handicapped point of view, both from an educational standpoint as well as an emotional one. This “mental freeze” often leads to either cash hoarding (as opposed to investing) or being manipulated by a commissioned salesman.

If you are a recent widow or divorcee reading this, I truly empathize with you. Besides managing your grief, you are trying to deal with monumental changes in your life and are facing a growing list of perpetually unfamiliar monetary choices. Let me offer a few quick suggestions: READ MORE BELOW

2Q2015

US ECONOMY:  After years of tightly banded earning results for public companies, second quarter 2015 earnings are showing large discrepancies in results due to our strong US Dollar, drastically lower oil prices and a tightening wage market. This has caused a wider disparity in price returns that favor smaller, domestic companies that look more like Main Street. The US economy is enjoying continued modest growth but both US stock and bond prices are near all-time high valuations and are vulnerable to setbacks if the fine balance of ultra-low inflation and exceptionally high profit margins gets disruptive. (See our Important Economic Update from April 1st.)

CLICK TO READ MORE: Second Quarter 2015 Newsletter

 

 

According to the Wall Street Journal, over the next 20 years, approximately $25 trillion will be passed to women through divorce, death of spouse or inheritance. Currently, women make up just under half of the nation’s millionaires. If their earning potential continues to grow on track, they will account for up to two thirds of the nation’s wealth by 2030.

Family Lesson Inspires Unique Model for Corporate Giving; Changing the Lives and Hearts of Employees and Charities Around the World

Unlike most financial advisors, Mark Van Mourick did not earn his stripes on the back of a client’s portfolio. He lost both parents in a plane crash at the age of 12 and bounced around several foster homes,

When is a 50/50 divorce settlement not really equal?

In many divorces, former spouses split their combined assets down the middle. But because of market trends, taxes and other factors, the ex-wife often ends up with the short end of the stick.

“Conscientious divorce attorneys want equitable outcomes for their clients,” says Sven Buncher, Managing Partner of The Buncher Law Corporation. “And achieving that often requires a more in depth analysis of the divorcing couple’s assets.”

April 1, 2015

RE: Important Market Update

Dear Client,

All good things must come to an end, even if just temporarily. The stock market has climbed admirably since March of 2009 and is now at all-time high valuations according to a number of ratios in the attached charts. Calling tops is dangerous as the market has always come back and eventually made new highs, yet there are certainly good times to take profits and become less vulnerable to stock market pullbacks…