In October, we shared the story of the Carleo family, whose bank accounts were cleaned out to the tune of $130,000 after a mysterious phone call. The Carleos got their money back only after a little media attention. Thefts like what happened to them continue to proliferate — so it’s time to take extra precautions […]
You may know that the IRS allows us to deduct charitable gifts from our income taxes (if we itemize). But have you thought about the potential benefits — both to you and to your favorite causes — of gifting appreciated stock? Many people haven’t. While 75% of high-income taxpayers donate cash to charity, less than […]
It’s happened to many of us: The bank calls to warn you about suspicious transactions on your account. So when Donna Carleo of Redondo Beach, Calif., saw her Chase private banker’s name on her cell phone screen, she picked up and answered the questions. Had she authorized a purchase at an Apple store in Texas? […]
Considering joining one of Chicago’s exclusive members-only clubs? Whether you’re seeking a space for business, a luxurious retreat for pleasure, or a community that shares your philanthropic or recreation interests, these elite clubs offer a wealth of benefits. To help you find the perfect fit, we’ve curated a list of our top picks.Updated Aug. 21, […]
Looking for proof that living with “It’s a Wonderful Life” values can nurture great businesses as well as strong families and communities? Look no further than Ed Wehmer. As founder, president and CEO of Wintrust Financial Corporation, Wehmer is widely considered Chicago’s most successful banker. And you could say he’s an even more successful family […]
Many ultra-high-net-worth families rely on a family office and family law practice to help manage their finances, investments, long-term planning and charitable giving. These services are even more helpful to blended families who may come from different backgrounds, with different assets and different financial histories. To discuss best practices for establishing a blended family office […]
I grew up working in our family’s small chain of grocery stores in Indianapolis — appropriately named Richard’s Market Baskets, because my father was Richard Blankenbaker. My jobs included cashier, bagger, produce packager, stocker, fruit basket maker and eventually head night cashier. I even returned from college, work as a US Congressional Aide, and law school […]
The most successful investors understand that investing is about more than just compounding cash. Rather, savvy investors use their money to support the most important things in life, because that’s good for their bottom line financially and emotionally. In other words, they look to maximize “social impact” — because burgeoning data demonstrates that the businesses […]
According to the Giving US annual report on philanthropy, published by the Lilly Family School of Philanthropy at Indiana University–Purdue University Indianapolis, charitable giving in the United States increased by 4 percent last year. An Indiana University Lilly Family School of Philanthropy study commissioned by the Chicago Community Trust demonstrated that Chicago is an astonishing 50 percent more philanthropic than any […]
How do you instill good money habits in kids and teens that lead to smart decisions as adults? Wealthspire Advisors hosted a virtual fireside chat on Sept. 28 answering the question. Heather Flanagan, Managing Director and Head of Family Office Services; Oliver Pursche Senior Vice President, financial advisor and author of Money Can Grow on […]
