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WHAT IS LEGAL AND FINANCIAL AGGREGATION?

VISUALIZE

Visualize the accurate structure, content and value of a client's estate regardless of the number of family members, legal entities (trusts, corporations, partnerships and LLCs) and assets.

  • Trusts
  • Corporations
  • Partnerships
  • LLCs
  • Family Members

COLLABORATE

Collaborate with colleagues, clients and outside advisors. Work from the same information. View documents and financials, and receive updates directly from the source that generated it.

  • Colleagues
  • Accountants
  • Financial Advisors
  • Family Offices
  • Clients

ADVISE

Advise clients on a wider range of issues by having access to a complete set of information presented in a format that helps facilitate discussions, perform due diligence, spot issues, and identify solutions.

  • See the big picture
  • Spot Issues
  • Facilitate Discussions
  • Identify Solutions
  • Conduct Due Diligence
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SECURITY AND PRIVACY

GETTING STARTED

OUR BLOG

    The Difficult, Delicate Untangling of Our Parents’ Financial Lives

    When my in-laws became too incapacitated to handle their own affairs, my wife and I took over. A year and a half later, we’re still trying to figure it all out.

    “No, no, no, don’t transfer me to her again,” pleads my wife.

    It is a typically frustrating moment in our family crisis, one that many grown children will have to face, ready or not: We are people in our 50s who are unraveling the finances of parents who can no longer do it themselves.

    My wife, Julie, is on the phone with the company where her 82-year-old dad had once worked, trying to change the direct deposit of his pension checks to a bank closer to the assisted-living home where he and his wife now live, which is near us in Pennsylvania. Again and again, she is transferred to the person in charge, “Rose.” And every time, the same recording: “This number has been disconnected.”

    In the room next to her, I see our once-usable sofa, covered with her parents’ financial papers from the 1960s to now. On the floor sit a metal tub and plastic cups of coins that we had hauled from the parents’ third-floor walk-up in Queens, New York—a small (but heavy) part of their lifetime of earning and saving, nearly all of it offline.

2015 Audited Financial Statements of United States (Just released)

[From the Independent Auditor’s Report on page 239 of the Financial Report of the United States Government for Fiscal Year 2015]

February 27, 2016

[To] The President,  The President of the Senate, The Speaker of the House of Representatives:

In our audits of the U.S. government’s consolidated financial statements as of and for the fiscal years ended September 30, 2015, and 2014, we found the following:

  • Certain material weaknesses1 in internal control over financial reporting and other limitations on the scope of our work resulted in conditions that continued to prevent us from expressing an opinion on the accompanying accrual-based consolidated financial statements as of and for the fiscal years ended September 30, 2015, and 2014.2
  • Significant uncertainties (discussed in Note 23 to the consolidated financial statements), primarily related to the achievement of projected reductions in Medicare cost growth, and a material weakness in internal control over financial reporting, prevented us from expressing an opinion on the sustainability financial statements,3 which consist of the 2015 Statement of Long-Term Fiscal Projections; the 2015, 2014, 2013, 2012, and 2011 Statements of Social Insurance; and the 2015 and 2014 Statements of Changes in Social Insurance Amounts.

Negative Interest Rate: Why People Are Paying to Save

When you lend somebody money, they usually have to pay you for the privilege. That has been a bedrock assumption across centuries of financial history. But it is an assumption that is increasingly being tossed aside by some of the world’s central banks and bond markets. A decade ago, negative interest rates were a theoretical curiosity that economists would discuss almost as a parlor game. Two years ago, it began showing up as an unconventional step that a few small countries considered. Now, it is the stated policy of some of the most powerful global central banks, including the European Central Bank and the Bank of Japan.

On Thursday, Sweden’s central bank lowered its bank lending rate to a negative 0.5 percent from a negative 0.35 percent, and said it could cut further still; European bank stocks were hammered partly because investors feared what negative rates could do to bank profits. The Federal Reserve chairwoman, Janet Yellen, acknowledged in congressional testimony Wednesday and Thursday that the American central bank was taking a look at the strategy, though she emphasized no such move was envisioned.

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