Relative Value Partners merged with Kovitz Investment Group Partners, LLC as of August 2024. All Insights are opinions of the author as of the posting date. Any graphs, data, or information in this publication are considered reliably sourced, but no representation is made that it is accurate or complete, and should not be relied upon as such. This information is subject to change without notice at any time, based on market and other conditions. Past performance is not indicative of future results, which may vary.
Where will your assets go when you pass on? For every family that we work with, it’s a blend of just three places: assets will flow to loved ones, charitable causes, or the government. How much of your wealth will flow to each will depend on your estate plan and the value of your taxable estate at the time of your passing.
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January 3, 2022
CHICAGO – Relative Value Partners Group, LLC (“RVP”), a comprehensive wealth management firm based in Northbrook, Illinois, which serves wealthy families and institutional clients nationwide, is pleased to welcome industry veteran Rebecca Deaton and her six-person team as part of the firm’s strategic initiative to grow its wealth management and planning capabilities while expanding its partnership team.
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Building and preserving generational wealth is not easy. It’s a long process, one that requires a delicate handoff of responsibilities from one generation to the next. And while the process may take years or decades to play out, there are things we can do today to help our children and grandchildren prepare for the responsibilities of managing wealth.
In this article, we explore trends in financial education and share our thoughts on how to empower the next generation within your family….
Read more about Financial Literacy: The Foundation of Generational Wealth
The SECURE Act of 2019 made significant changes to the laws concerning IRAs—especially those relating to required minimum distributions, or RMDs—that affect both IRA owners and beneficiaries. Although the law technically went into effect last year, RMDs were suspended in 2020 due to the COVID-19 pandemic, which means 2021 will be the first year that many people will be taking RMDs under the new law.
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Read more about Year-End Planning: RMD & Inherited IRA Strategies
November 1, 2021
CHICAGO – Relative Value Partners Group, LLC (“RVP”), an integrated wealth management firm based in Northbrook, Illinois that serves wealthy families and institutional clients nationwide, today announced a definitive agreement under which industry veteran Rebecca Deaton will join RVP. This transaction is part of a strategic initiative to expand the depth of the firm’s planning services and partnership team.
Since the late 1980s, 529 plans have been a valuable tool to tax-efficiently fund a college education. However, it’s important to note that these plans are no longer limited to higher education costs: thanks to the Tax Cuts and Jobs Act of 2017, 529 plans can now be used to finance the cost of K–12 private school costs as well.
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At RVP, we believe the best investors are the most disciplined investors, and that a well-defined financial plan — often codified in a formal investment policy statement — is the foundation of a good strategic asset allocation plan. Experience has shown us that a good strategic asset allocation is the key to prudent decision-making, which can, in turn, support performance over the long run.
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Nobody can reliably predict how markets will perform in the next six, 12, or 24 months. However, we have a very good sense of how markets grow and function over longer periods of time, and this long-term perspective is central to our work developing portfolios on behalf of our clients. As advisors, our objective is to build portfolios that allow our clients to capture the market’s long-term trajectory while managing short-term risk.
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Updating the tax code is a major priority for both President Biden and congressional Democrats. At the moment, there are three separate tax and economic bills that have been introduced in Congress — each with the ability to impact a significant portion of the existing tax code.
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As wealth advisors, it’s critical that we understand our clients and their lives. After all, we need to understand long-term goals to make sound recommendations today.
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