The St. Louis Trust Company Multi-Family Office How We Think section header
The St. Louis Trust Company Multi-Family Office How We Think section header
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VALUABLE ADVICE FOR NEW GRADUATES – PRACTICAL AND LIFE LESSONS

By | FAMILY OFFICE, ★ Featured | No Comments

It is hard to believe it is that time of year again. The next class of high school and college seniors will soon don their caps and gowns and embark on the next chapter of their lives. That said, it is the opportune time to impart our best advice for these two groups of graduates. The following lists include both practical suggestions in the areas of career and finances, as well as general words of wisdom we would offer younger versions of ourselves given what we have learned over the years.

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GIVEN THE NEW TAX LAW, SHOULD I CHANGE THE WAY I THINK ABOUT MY CHILD’S 529 ACCOUNT?

By | FAMILY OFFICE, ★ Featured | No Comments

529 education-savings accounts have gained popularity in recent years due to the steep increase in college tuition costs. According to the latest data from the College Savings Plans Network, assets in 529 accounts grew to $275 billion in 2016 from $106 billion a decade earlier. The primary benefits of 529 accounts include no income tax on investment gains, tax-free withdrawals for qualified expenses, and tax deductions on contributions in some states.

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THREE THINGS THE LARGEST U.S. PRIVATE COMPANY HAS DONE RIGHT

By | FAMILY OFFICE, ★ Featured | No Comments

Cargill is undoubtedly an exception to the old proverb: “Shirtsleeves to shirtsleeves in three generations.” Cargill is the largest private company in the United States with 150,000 employees and nearly $110 billion in annual revenue and has made it to generation seven.

The farm-to-fork conglomerate that supplies McDonald’s, Unilver, Coca-Cola, to name a few, originated as a single grain elevator in Iowa back in 1865…

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THE FASCINATING ONE-STOCK CHALLENGE

By | INVESTMENT MANAGEMENT | No Comments

I am member of a global network of investment professionals. This past June the network had a “One-Stock Challenge” with the following rules:

1. Submit the name of a stock by June 29th
2. List out the rationale for choosing the stock
3. The stock with the highest price appreciation from June 30th to December 1st would be the winner.

Simple rules! Fun! Game on!

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‘TIS THE SEASON FOR GIVING

By | FAMILY OFFICE | No Comments

The vast majority of charitable giving in the U.S. is made directly by individuals to charitable organizations. According to the data, personal giving is over four times greater than giving that comes from private and corporate foundations. However, for families of great wealth, who prefer more structure around their philanthropy, the most common giving vehicles are private foundations and donor advised funds.

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THE ELEMENTS OF OUTPERFORMANCE

By | INVESTMENT MANAGEMENT | No Comments

In our competitive world, most everybody wants to win – from star professional athletes to teenagers playing video games on their iPhones. For investors, winning often means beating the relevant benchmark. This article identifies three primary elements necessary for outperforming benchmarks and provides advice on how you can increase your chances to come out ahead…

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A FEW BITS ABOUT BITCOIN

By | INVESTMENT MANAGEMENT | No Comments

One of the first notable transactions using bitcoin was made in May 2010. A member of an online bitcoin forum posted a message stating “I’ll pay 10,000 bitcoins for a couple of pizzas…” At the time, one bitcoin was trading around fractions of a penny, so not an unreasonable request by this enterprising person. Fast forward to today when the bitcoin price hovers above $10,000, and we can collectively gasp at the thought of spending what would’ve been $100 million for a delicious meal and leftovers.

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EQUIFAX DATA BREACH

By | FAMILY OFFICE | No Comments

On September 7, 2017, Equifax disclosed the discovery of a network intrusion that occurred on July 29, 2017 in which hackers potentially accessed sensitive information for 143 million Americans. Equifax is one of the three largest American consumer credit reporting agencies, along with Experian and TransUnion, maintaining information on over 800 million consumers worldwide. Equifax likely maintains your information if you have…

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HOW TO INCREASE INVESTMENT RETURNS

By | INVESTMENT MANAGEMENT | No Comments

An investor can take four actions to increase expected investment returns over time. As shown in the schematic below, these are, in order of increasing difficulty: (a) tilt the portfolio weighting towards risk assets, (b) reduce costs of the portfolio, (c) take advantage of the liquidity premium, and (d) choose and invest with skillful investment managers (or identify attractive investments). This paper will discuss the opportunities and challenges in increasing investment returns via each of these four actions.

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CONSIDERATIONS FOR SHARED OWNERSHIP OF FAMILY PROPERTY

By | FAMILY OFFICE | No Comments

Looking back, Sam, Jane and Nick’s childhood seemed almost perfect. They grew up in a loving extended family, played sports year-round and traveled. A highlight for the three siblings was their summers spent at Manor Grove, their family estate on the Outer Banks bought by their grandparents in the early 1900’s. When their grandparents died, the estate passed to their father, James, and his sister, Clara…

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HOW DO I AVOID RUINING MY KIDS?

By | FAMILY OFFICE | No Comments

Families with significant wealth find that their wealth can solve problems, open doors, and provide security. But parents sometimes worry about “ruining” their kids when their children grow up in a privileged environment. We spend quite a lot of time working with our client families to prepare the next generation for the wealth that they will inherit – from basic financial literacy to fiduciary responsibility…

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GIVE ME THE BEST (STRATEGY)

By | INVESTMENT MANAGEMENT | No Comments

People are inclined to want the best. The best schools for their kids, the best home for their money, the best dish on the menu, and so on. This quest for the best also extends to the investment realm. People want to invest in the best opportunities to grow their money and achieve their wealth goals. Often times, we’re asked to find the best stock, investment manager, deal or “sure thing”…

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SHOULD I SELL OUT OF THE STOCK MARKET?

By | INVESTMENT MANAGEMENT | No Comments

Over the past several months many people have asked whether they should take risk off the table by selling some of their stocks. Given the heightened perception of uncertainty in geopolitics and the financial markets, this question is understandable. In response, this article outlines investor concerns, examines various historical facts pertaining to investing in stocks and concludes with advice from The St. Louis Trust Company.

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The St. Louis Trust Company Multi-Family Office Economic Overview section header
The St. Louis Trust Company Multi-Family Office Economic Overview section header