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Tips & Advice

Dynastic Gamesmanship: Did David Rockefeller’s Crafty Trust Work Leave the IRS Holding the Bag?

“Among the UHNW set it’s considered de rigueur that Trust’s protect the Grantor’s assets for up to three generations. The estate of John D. Rockefeller, the world’s first billionaire, is preparing to rewrite the rules much to the chagrin of the IRS. The advisors that first set up the Rockefeller Trust in the 1930s are credited with paving the way for GST and other types of Trust’s that have kept […]

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Can you get rich investing in Uber?

The company is privately owned by a relatively small number of investors. Besides the Co-Founders, Travis Kalanick and Garrett Camp, most of real money invested in Uber came from Angels, VC’s, Broker Dealers and about $3.5 billion from Saudi Arabia’s Public Investment Fund (https://www.crunchbase.com/organ…). Unless you are among those types of investor’s you can’t invest in Uber, much less get rich. The real question is when and if Uber goes […]

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Richard Gayton Attends 2015 Patrick Soon-Shiong Innovation Awards

As written in the Omni Nano blog, Richard Gayton represents Lakeside VFO. What a Day Full of Breakthroughs at the 2015 Patrick Soon-Shiong Innovation Awards It was truly a honor to be recognized and included among the top innovators for the second year in a row,” Dr. Curreli expressed in the opening of his presentation at the 2015 Patrick Soon-Shiong Innovation Awards. The event, hosted by the Los Angeles Business […]

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The Era of Real Estate Illiquidity

by A. Yoni Miller The silver lining of the economic recession is that it has fostered a generation who has witnessed firsthand, the repercussions of owning an illiquid asset in financial turmoil. This has spurred a psychological imprint that will shape their investment standards for years to come. The financial meltdown has removed the false hope from the hearts of commercial real estate investors seeking endless growth, and has forced […]

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Why Investing Should Be Boring

I found Tom Beevers’s perspective on Investing versus Trading right on point. In this world of constant news flow and rapid access to financial data, it’s easy to forget the difference between investing and trading. Many amateurs (and most professionals for that matter) seem to confuse the two concepts, engaging in a strange hybrid of the two philosophies. “Trading and investing are based on two very different philosophies. Investors purchase […]

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When Grandparents & 529 Plans for College Savings Clash

As more and more grandparents are opening savings accounts to fund their grandchildren’s future schooling, it has become a growing issue that it can hurt their chances of ever receiving financial aid. In a 529 savings plan, after-tax contributions grow tax-free and earnings can be withdrawn without a tax hit– as long as they are used to pay for qualified college expenses such as tuition or room and board. To […]

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Getting Your Legal House In Order Before Your Adult Child Leaves for College

Imagine the following scenario: Your 18-year old son is away at college in a neighboring state. He is hit by a car and sustains injury to his neck and is unconscious as a result of the accident. His roommate notifies you and you quickly call the hospital to get more information about your son. The hospital is not cooperative and gives you very little information as to your son’s condition. […]

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Warren Buffett Investment Recommendations?

In his latest annual letter to Berkshire Hathaway shareholders, Warren Buffett provided an honest admission of where the fortune he was leaving to his wife would go: “My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard’s.) I believe the trust’s long-term results from this policy will be […]

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Executing Deals in an Era of 11x Multiples

Here is a great article from Richard Wilson on executing high multiple deals. Our team closed on an acquisition last week, and while this happened to be a distressed IP deal, a recent report on global mergers and acquisitions valuation predicts that valuations are expected to surpass 11 times EBITDA on average. Buyers, from newly raised private equity funds to corporations holding too much cash, have helped form a very […]

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Rise of the Independent Sponsor

As has been reported many times in recent years, endowments, pensions, sovereign wealth funds, family offices and other large investors are working outside the typical private equity structure. In order to have greater discretion over the deals they allocate to and to avoid traditional fees, these investors are more and more looking to place capital via co-investments, direct investments, and club deals with other institutional investors. By no coincidence, independent sponsors, […]

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