7 More Family Office Resources:

• Tax-Efficient Asset Allocation Family Office Definition: Tax-Efficient Asset Allocation Tax-Efficient Asset Allocation definition:  Tax-efficient asset allocation refers to the practice by wealth managers to place more tax-efficient investments (such as long-term stock holdings) in taxable accounts and ...
• Deferred Annuity Family Office Definition: Deferred Annuity Deferred Annuity definition:  A deferred annuity does not pay the account holder until a later date. The account grows tax-free during an accumulation phase, until payments begin during a ...
• Unified Managed Account Family Office Definition: Unified Managed Account Unified Managed Account definition:  A unified managed account (UMA) is a privately managed account that combines several different types of securities, such as stocks, bonds, mutual funds, and ...
• Unified Managed Household Account Family Office Definition: Unified Managed Household Account Unified Managed Household Account definition:  A unified managed household account (UMHA) is a privately managed account that combines several different types of securities, such as stocks, bonds, ...
• Separate Account Family Office Definition: Separate Account Separate Account definition:  A separate account is managed privately for an individual, as opposed to mutual funds which are managed collectively.  Separate accounts typically have higher investment minimums to ...
• Charitable Giving With a Retirement Account Family Office Definition: Charitable Giving With a Retirement Account Charitable Giving With a Retirement Account definition:  Charitable giving with a retirement account is accomplished by naming the charity as the beneficiary. The full amount ...
• Taxable Account Family Office Definition: Taxable Account Taxable Account definition:  Taxable accounts are good candidates for leaving to heirs because the holdings are stepped up in basis at the date of death.  Heirs will not be ...