BNY Wealth

An estate plan is not something to put in place once and set aside. As life evolves—through marriage, children, liquidity events or new assets—your plan should evolve with it. At its foundation are four essential elements: a will, powers of attorney, beneficiary designations and advance medical directives.   Watch the latest #FinancialPrinciples video with BNY Wealth’s Christopher Sauer, CFP® to explore the fundamentals of estate planning and learn why regular reviews with your advisory team remain essential. https://lnkd.in/eMDwzw_g

With the Fed signaling at least one more rate hike this year and energy prices continuing to drive global inflation, markets may face near-term volatility — but resilient growth and decade-high yields are creating compelling opportunities. Listen to CIO Alicia Levine in our latest Monthly Spotlight to learn more. 

Business owners today face important decisions around succession, liquidity, and growth.   BNY Wealth recently partnered with BPM LLP and Farella Braun + Martel LLP to host The Business of Selling Your Business, bringing together business owners and specialists to discuss the M&A landscape, tax-efficient strategies, succession planning, and wealth considerations.   Thank you to our panelists and attendees for an engaging discussion and valuable networking opportunities.   View our latest Insights for Private Business Owners report here: https://lnkd.in/etZGTuEQ

Alvina Lo, head of advice, planning and fiduciary services at BNY Wealth, recently sat down with MarketWatch to discuss the most overlooked considerations for those approaching retirement. In the conversation, Alvina shares how planning early and regularly revisiting a financial plan can help individuals prepare for a retirement that may span several decades. Her biggest recommendation: shift the end goal. Rather than trying to build an ideal retirement around a fixed set of assumptions, focus instead on building a resilient one that can evolve through every phase of life. Read the full article here: http://ms.spr.ly/6041ajX25

What does it take to sell the business you've built? For most owners, the answer goes far beyond valuation. Timing, tax planning, deal structure and the right advisor team can all shape what you ultimately keep. In Structuring the Sale, 354 attorneys, investment bankers and CPAs share what they see most often—from what owners often don't realize until late in the process to the steps that help you prepare earlier and negotiate from a stronger position. Explore the findings: http://ms.spr.ly/6045ajjvd

Business owners aren't just adopting AI for investing. They're treating it as a strategic advantage. BNY Wealth’s latest research reveals business owners are using AI more, trusting it more and putting more capital behind it. • 52% of business owners regularly use AI-driven tools for financial decisions — nearly double the 28% of non-owners. • 40% would trust AI as a primary decision engine for portfolio optimization, vs. just 11% of non-owners. • 42% are investing directly in AI startups — three times the rate of non-owners. • 91% believe AI will be critical to identifying future investment opportunities. These findings highlight the people closest to building businesses are also convinced AI will shape the next wave of investing. Read the full article: http://ms.spr.ly/6048akwrI

For many ultra-high-net-worth families, having a vision for the future is only the first step. Turning those intentions into a clear wealth transfer plan, and bringing the next generation into the conversation early, can be more challenging. In a recent conversation with Spear's Magazine, Alvina Lo, Head of Advice, Planning & Fiduciary Services at BNY Wealth, discussed strategies for families to consider as they prepare to transfer wealth across generations, highlighting findings from BNY Wealth’s recent Wealth in Motion report on how family dynamics, longer lifespans and heirs’ preparedness are shaping these decisions. Read the full article for more: http://ms.spr.ly/6048akpvQ View our Wealth in Motion report: http://ms.spr.ly/6042akpvI

Earnings are doing the heavy lifting — and this time, it’s global. Even as earnings momentum is expected to slow, broader profit strength should still support global equities. Learn more in the latest #chartoftheweek: https://lnkd.in/euki-XRT

Market uncertainty tends to put families with significant wealth on the defensive. But the more productive response can be to treat volatility as a planning window. Consider these strategies: ▪️ Gift while valuations are compressed: Lower asset values mean a lower transfer-tax cost. You can move more with the same exemption, and any rebound occurs outside your taxable estate. ▪️ Convert to a Roth IRA: A conversion at depressed valuations carries a lower tax cost, and recovery compounds free from income tax. ▪️ Use trusts strategically: Rolling GRATs capture upside across multiple market windows. SLATs let a trust compound without tax drag as the grantor pays income tax from personal assets. ▪️ Make tax-loss harvesting an ongoing discipline: Harvesting losses during dislocations, while staying fully invested, can offset gains and even reduce taxable income from a Roth conversion. The goal in uncertain times is not to predict every market turn. It is to use volatility rather than fear it, maintaining optionality as circumstances evolve. Read the full article, "Five Strategies to Turn Uncertainty into Planning Opportunities," here: https://lnkd.in/e2keTHgQ

How do Trump Accounts work? And what are the other key strategies for gifting to children? Our latest article answers your questions on Trump Accounts, 529 plans, trusts and direct giving. Learn the benefits, overlaps, tax implications and what to consider when building a gifting strategy for the next generation. Read the full article here: https://lnkd.in/emG9zmWD