Russ Prince

New York

Private Wealth Consultant and Writer at Freelance

Editor-at-Large at Financial Advisor

Founder at Private Wealth

Columnist at Elite Traveler

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Articles

The Obstacles To Organic Growth

6 days ago | fa-mag.com | Jerry D. Prince |Russ Prince

Organic growth has become a buzzword in the wealth management industry. While acquisitions and mergers continue to play a significant role and will likely do so for some time, without organic growth, these combinations will struggle or seek a bigger fool to buy them. While the numbers vary, most industry-wide estimates for organic growth fall between 3% and approximately 8%.
The Evolution Of Model Portfolios

1 week ago | fa-mag.com | Russ Prince

David Schassler is the head of multi-asset solutions at VanEck. He offers a comprehensive perspective on market trends, asset allocation and strategy analysis. As the head of multi-asset solutions (MAS), he employs an analytical, data-driven approach grounded in objectivity. Alongside his leadership of MAS, Schassler also serves as portfolio manager for VanEck’s asset allocation strategies and model portfolios.
How To Protect Portfolios Against The Silent Threats To Retirement Savings

1 week ago | fa-mag.com | Russ Prince

Daniel Razvi is an attorney who owns Higher Ground Legal, a nationwide law firm specifically focused on trusts, wills and taxes. Also, a founder of Higher Ground Financial Group with his father, Imran Razvi, Daniel is passionate about helping clients maximize their retirement savings by minimizing risk, hidden fees and taxes. Russ Prince: How do Higher Ground Financial Group and Higher Ground Legal distinguish themselves?
How To Grow When Markets Melt Down

1 week ago | fa-mag.com | Jerry D. Prince |Russ Prince

The U.S. tariffs triggered the market's meltdown. Even if the market recovers, the uncertainty surrounding tariffs and other U.S. policies could adversely impact it. The question isn’t whether the tariffs are a good idea; rather, the problem lies in capitalizing on the market's decline and the anticipated volatility.
How To Maximize Fundraising Potential With Donor-Advised Funds

1 week ago | fa-mag.com | Russ Prince

Richard “Rick” Peck, CFP, CAP, ChFC, is an independent philanthropy advisor with Richard C. Peck Consulting LLC, working with nonprofits, donors, potential donors and professional advisors. He is also the founder of The Philanthropy Guy LLC, a leading-edge charitable giving resource hub and a member of The American College of Financial Services FinServe Network. Peck and other outside consultants have partnered with The College to create its donor-advised funds program.
Helping Self-Employed Business Owners Save More For Retirement

2 weeks ago | fa-mag.com | Russ Prince

Thomas Moore, head of Betterment Advisor Solutions, discusses the advantages of solo 401(k)s for entrepreneurs and how his firm’s new product is helping independent financial advisors who serve self-employed business owners eliminate the hassles and extra fees associated with these offerings. Prior to joining Betterment in 2018, Moore held lead sales roles at Affiliated Managers Group, SEI and Vanguard.
The Benefits Of Preferred Stocks Within Uncertain Market Environments

2 weeks ago | fa-mag.com | Russ Prince

Lance McGray is the managing director and head of ETF product at Advisors Asset Management Inc. (AAM). He has spent the majority of his 14-year professional career creating and managing exchange-traded funds (ETFs). Over his career, he has successfully launched over 50 ETFs with three different sponsors. In his current role, he is responsible for creating and executing AAM’s ETF business.
How The Multiple Custodial Model Empowers Firms And Advisors

3 weeks ago | fa-mag.com | Russ Prince

Frank McDonnell is the chief product officer at Steward Partners. Prior to assuming the role in April 2023, McDonnell accrued more than a decade of experience specializing in investment products and advisory program management with several prominent financial institutions.
Tax Incentives: Using The Tax Code As A Source Of Revenue

3 weeks ago | fa-mag.com | Russ Prince

Yong Jeon (J.D., and LL.M., Taxation) is a tax partner at BRAYN Consulting. He has over 24 years of tax experience including but not limited to tax litigation, Big 4 accounting firm, and in-house at a Fortune 12 $200B company. His specialty includes tax credits and incentives, tax controversy, tax planning, and tax research. Russ Alan Prince: Can you give us an overview of your company?
The Four Accounting Firm Family Office Practice Business Models

3 weeks ago | fa-mag.com | Russ Prince |Jerry D. Prince |Homer Smith

Many accounting firms have family office practices to better serve their clients and generate new business. The wealthy increasingly prefer working with multi-family offices to other private wealth industry professionals, such as wealth managers (Exhibit 1). Moreover, the more affluent the individual or family is, the more inclined they are to work with multi-family offices.