By making gifts through donor-advised funds, clients can get a tax break while still supporting an international charitable cause.
William F. Austin founded the Starkey Hearing Foundation in 1984 with the premise: Alone we cant do much, but together we can change the world. Although hearing loss affects 63 million children worldwide, many do not have access to hearing devices. Starkey Hearing Foundation fits and gives more than 100,000 hearing aids annually, and as a member of President Clinton's Global Initiative, it has pledged to fit one million hearing aids this decade. Heres how one advisor encourages philanthropic efforts of his clients by being a philanthropist himself.
Read More: How One Advisor Helps Clients Give Back»
Advisors should encourage wealthy clients to feel more comfortable with alternatives and co-investment opportunities, while helping ultra-high-net-worth families understand they may have the power of an institution, says Brian Walsh, chairman and CIO of Saguenay Strathmore Capital. »
Working with UHNW clients requires more than solid investment management and estate planning, according to advisor Paul Pagnato, founder of the Pagnato-Karp Group. Here are some of the other critical planning areas that advisors need to pay attention to. »
- Yes, to Another Wirehouse or Regional Firm.
- Yes, Considering Independence.