Lou Carlozo of Reuters features insight from Susan Colpitts, co-founder and executive vice president at Signature, in an article about charitable remainder trusts. A creative strategy for the wealthy to give away money and still derive funds from it after tax deductions and investment, Colpitts explains that CRT’s do not make sense in a low-interest market. “The returns on CRT investments pretty much follow the rest of the market—and we all know how much malaise there is on Wall Street these days...” she says.
Reporter Doug Childers quoted Justin Fulton, Signature client strategist, in an article about the volatile market and investors’ 401(k) funds. While the market swings proved to be unnerving, Fulton explained that maintaining a 401(k) is still beneficial.
Thomas Coyle of The Wall Street Journal quotes Susan Colpitts, co-founder and executive vice president at Signature, in an article about strategies that advisors should implement when helping affluent clients with charitable giving. Colpitts explains that some investors give in to overwhelming requests from charities, instead of directing their donations toward causes that they genuinely care about. She recommends that advisors help clients devise strategic philanthropic plans. “Getting to the heart of a client’s charitable aspirations takes a lot of probing and questioning...” Colpitts says.
Anthony Effinger of Bloomberg Markets magazine quotes Randolph Webb, president and CEO at Signature, in an article which highlights the top ranking family wealth offices in the world. Webb offers his insight on how to best serve a niche clientele in this industry.
Walter Hamilton of the Los Angeles Times quotes Susan Colpitts, co-founder and executive vice president at Signature, in an article about baby boomers deciding not to leave their children an inheritance. Colpitts explains that many baby boomers have spent their lives building their careers and supporting their children and plan to spend the money they have saved on themselves. “[Boomers] say ‘If there’s something at the end, I’d love the kids to have it, but what’s important for me now is to get what I’ve earned, which is to travel and have a nice bottle of wine...’” Colpitts explains.
Hey Kids of Baby Boomers, Forget About Your Inheritance
Anne Shumadine, co-founder and chairman at Signature, writes an article for Family Business Magazine that details the importance of clients developing a strategic plan for investments. Shumadine explains that creating a guideline of maintaining financial goals will be beneficial toward securing financial success.