With the U.S. presidential election less than 10 months away, tax uncertainty is top-of-mind among ultra-high-net-worth (UHNW) clients, according to a survey of trust and estate planning professionals conducted by Tiedemann Advisors.
In addition to worries about taxes, noted by 51% of trust and estate experts, other major concerns identified by respondents included high asset valuations (22%) and political conflicts (13%).
[Video: Ed Slott: Make sure your small business clients consider this before they convert IRAs to Roths]
In general, nearly 80% said their clients were at least somewhat worried about safeguarding their estates during the election year.
Over half of the trust and estate planning professionals surveyed (57%) reported an increase in the number of single-family offices being formed in recent years. And almost one third (31%) attributed the single-family office trend to the wide range of services that these structures provide to meet the specific needs of an UHNW family.
Integrated Partners is adding a mother-son tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.
Futures indicate stocks will build on Tuesday's rally.
Cost of living still tops concerns about negative impacts on personal finances
Financial advisors remain vital allies even as DIY investing grows
A trade deal would mean significant cut in tariffs but 'it wont be zero'.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
