MASECO Private Wealth are pleased to announce that we have recently become sponsors of London Sports, the UK’s largest and long-established youth baseball & girls’ softball league.
The recent Time’s Up and #MeToo movements have given me reason to reflect on the role of gender in the financial industry. When it comes to investing, common stereotypes plague women. For example, we’re too conservative or don’t understand enough about investments. We don’t save enough. We start too late. We lack confidence. I often (though not universally) see this in my own interactions with clients, especially married couples. Wives tend to defer to their husbands when it comes to making investment decisions and trust in the husband’s experience and decision-making. This is not a judgment, just an observation.
Recently, President Trump unilaterally decided that the US is going to institute tariffs on both steel and aluminium. Tariffs have been used in the past by previous administrations and, indeed, other countries around the world. Tariffs, or customs duties, are taxes on imported products, usually in an ad valorem form, levied as a percentage increase on the price of the imported product. Tariffs are one of the oldest and most pervasive forms of protection and barriers to trade.
Andrea, Head of Advanced Planning, features in the March-April 2018 edition of The American discussing Trump tax reform and how it will impact inheritance tax for Americans living in the UK. A US domiciliary resident for gift and estate tax purposes now enjoys a lifetime allowance double that of 2017 thresholds. For the full article, please click here.
MASECO Asset Management has been named runner-up in the Alternative Credit Fund Manager of the Year category at the 2017 AltFi Awards. This success comes hot on the heels of their win in the same category as last year.
Tax Overhaul or Economic Recklessness?
As the Trump Administration celebrates its legislative victory of “sweeping tax reform” (most notably the reduction of corporate tax rates), there is reason to be wary of the economics underpinning the new tax plan. The assumptions as set forth by the administration’s economic advisors, such as Treasury Secretary Steve Mnuchin, depend in part on corporate growth projections and the belief that the tax breaks at the top will trickle down to middle class wage earners.
James has once again been named one of the 50 most influential in the private asset management community for the 3rd year running. He is recognised as one of the most prominent figures in the industry at the forefront of innovation. The award recognises both his career to date and his achievements throughout 2017.
This is a good question to ask oneself either in a sustained bull run or during a market correction. MASECO is not suggesting there is a market downturn on the horizon but this question is at the forefront of a lot of investors’ minds.
Bitcoin and other cryptocurrencies are receiving intense media coverage, prompting many investors to wonder whether these new types of electronic money deserve a place in their portfolios.
Cryptocurrencies such as bitcoin emerged only in the past decade. Unlike traditional money, no paper notes or metal coins are involved. No central bank issues the currency, and no regulator or nation state stands behind it.
In a recent issue of The American, Andrea, Head of Advanced Planning, discusses tax-efficient 401(k) planning. There can sometimes be unique planning opportunities that exist for individuals with US 401(k) retirement plans to help facilitate drawdown. For the full article, please click here.