Business and Finance

Many people concerned about planning for their future and retirement come across the term wealth management. They wonder what wealth managers do and if they may need the services of one the these highly skilled professionals. Wealth managers cater to clients with a considerable amount of money. Their clients include corporate executives and those with large trust funds. They may even offer wealth management for professional athletes. Here are three of the primary job functions of a wealth manager.

Capital Gains Planning

People with a lot of money need investments. When an investment makes money, that profit is called a capital gain. 

Capital gains are taxed at a lower rate than income earned from a salary. With proper planning, capital gains taxes can be minimized or avoided completely.

Wealth managers utilize strategies to assist high-net-worth individuals maximize capital gain income while minimizing taxes.

Estate Planning

Estate planning, at … Read more

In order to make a large purchase such as a home or car and get a good deal on financing, you have to have a good credit score. A good score tells potential creditors that you are a responsible consumer and a low risk for the services they offer. How do you build good credit, though?

Get Credit for Consistent Payments

Paying bills on time every time is what potential creditors like to see. Many bill collectors don’t automatically report good behavior to credit agencies, though. Through reporting services, you can ensure that your consistent good choices are made apparent to all three credit bureaus.

Pay Loans on Time

You can also establish or build credit by taking out personal loans Houston TX, and paying them back on time. As long as you are careful not to apply for several loans at the same time, consistent payments … Read more

When throwing a large event, one of the most important parts to ensuring success is making sure your guests will be safe. There are many ways you can provide a safe environment without sacrificing entertainment or your event’s appearance. Implement these tips for your next event to help keep things safe and going smoothly.

Hire Event Security

Hire dedicated security guards to man your event. For large events like Mardi Gras, security guard services New Orleans options involve having guards who can provide both security awareness and first responder services. Determine your needs and research different companies in the area. For large events, you may want to consider hiring a separate group that is dedicated to addressing medical calls only.

Prepare for the Worst

Make sure you are ready in case things go wrong. Invest time in consulting with any outside companies you have hired to determine plans of action … Read more

Although you would like to believe that everyone working for your company has a professional and trustworthy spirit, there has been a rise in employee theft and dishonesty over the past few years. Many attribute this trend to the use of technology and software that makes it easier to manipulate company data, but it could be the age-old saying that desperate times require desperate measures. Covering your business with an employee dishonesty bond can help protect from the loss incurred with employee fraud, but strong hiring and vetting practices might also help minimize the potential for significant company chaos.  Take a look at these two extreme cases of employee fraud from the last few years.

1. False Expenses

In 2018, a former manager for Quest Diagnostics was caught by the FBI for taking $1.2 million from his company in false expense reporting. He created an elaborate scheme with fake companies … Read more