Major life transitions can create a ripple of financial complexity. At Empyrion™, we specialize in helping clients conquer these challenges, while deploying strategies that successfully protect and grow their wealth.
A new study released in the spring by Morgan Stanley contains some pretty interesting ramifications for the old adage, “money can’t buy happiness.” It's not the money itself that makes you happy; it’s the feeling of knowing that you have planned and prepared for the future, not only for yourself, but also for those you love.
In the world of investing, our emotions often create problems for us, if we permit them too much control over our financial decisions. Let’s take a look at a few of the most common behavioral traps that individuals fall into, like herd mentality, recency bias and confirmation bias, which can undermine investment performance over the long term.
Many business owners, while very focused on the needs of their customers, employees, and other stakeholders, are much less attentive to the ongoing health of their enterprises in the event of their incapacitation or passing. In the absence of a properly prepared and executed estate plan, this can bring even the most well-run business to its knees. Here are three key estate planning items that owners and other principals of thriving businesses should review today.