How to manage the emotional impact of sudden wealth
A sudden influx of money—the kind that comes from an inheritance, settlement, sale of a business, or similar big money event—can come with emotional strings attached. In fact, large paydays have such an emotional impact that therapists have begun referring to the phenomenon as sudden wealth syndrome. While it isn’t a clinical diagnosis, numerous psychologists […]
The Quorum Private Wealth guide to trusts
Trusts (or trust funds) are one of those financial planning terms that starts to feel diluted over time. People have a general sense of what trusts are, but many would be hard pressed to define the specifics. Given how important trusts can be to a strong financial, estate, and tax plan, we want to spend […]
How GRATs work
Grantor retained annuity trusts (GRATs) are a type of irrevocable trust designed to pass assets to beneficiaries in a tax-optimized way. These trusts pay an income (or annuity) to the grantor or trustor—the person who set up the trust—for a specified duration, usually a few years. After that period, the assets in the trust pass […]
June 2025 market update
May was a month of differing perspectives. Markets turned positive on a belief that a solution on tariffs would be eventually forthcoming, and the continued whipsawing headlines began to have a muted impact. The Fed stuck to its position that more data was needed before a further move on rates. Economic data remained positive, painting […]
The employer’s guide to competitive pay packages
At Quorum, we’re committed to financial literacy, and that doesn’t just mean for individuals. Whether you’re a top executive at a larger company or an entrepreneur growing a startup and wondering what tools you might have at your disposal, there are numerous compensation options to consider. In this article, we’ll provide an overview. Whether any […]
Long-term health care and your legacy
Most of us will need some form of long-term care as we age—and long-term care is notoriously expensive. While wealthy families may not need to worry about the cost of care, failure to plan for these expenses can jeopardize a family’s long-term plan and legacy. Let’s walk through how you might approach long-term care as […]
May 2025 market update
April began with the shock of tariff announcements that were much more punitive than anticipated by businesses, markets, investors, and economists. Equity markets promptly pulled back, even entering bear territory, although not closing there. The administration initially stood by the tariff enactment date. However, the bond markets became increasingly wobbly, and fears increased that plummeting […]
How to navigate taxes on a ‘big money event’
The goal of financial planning is to build and optimize wealth. Too often, we see people worry about their financial wins, like selling a business or cashing out of a profitable investment, instead of celebrating them. This hesitation is nearly always tied to taxes: How much of my potential profit will I owe to Uncle […]
Do women need to take a different approach to wealth?
Women earn less Generally speaking, women earn less over the course of their lifetimes than men. There’s a lot to unpack in that statement, though. First, women get paid less than men, on average. The gender pay gap is shrinking with time (in 2024 women earned 84% as much as men), and a growing number […]
April 2025 market update
The month started out on a positive note as CPI came in lower than expected, creating a brief respite from worries about the impact of tariffs. It was short-lived, as the result of the Federal Open Market Committee meeting at mid-month was policy stasis with no changes to rates. Even more unsettling to the markets […]