Money market funds, ETFs, and trusts tokenized by @OndoFinance.iShares Silver Trust (SLVon) is growing the fastest.Interesting. https://t.co/PWQCGxWZHP ...

US-based commercial bank Flagstar Private Bank has launched two wealth-planning services, Family Advisory, Trusts, and Estate Planning, as well as Insurance, as part of its ongoing investment in private client and wealth management. The bank has appointed Carly Doshi as executive vice president and head of Family Advisory, Trusts, and Estate Planning service. Doshi will advise clients on matters such as income and estate planning, wealth transfer, philanthropy, family governance, family office advisory, ...

Core Insights - The UK's mass affluent investors are reassessing their wealth strategies due to changing tax rules, high interest rates, and increased digital confidence [1] Group 1: Trends in Wealth Management - There is a noticeable trend of early gifting among mass affluent clients, who are increasingly transferring assets to family and friends while using trusts or family investment companies to maintain control [2] - Planning around Inheritance Tax (IHT) is becoming more proactive, with a growing focus on using trusts to minimize tax liabilities while retaining control [3] - Interest in traditional tax-advantaged vehicles like Enterprise Investment Schemes (EIS), Business Relief (BR), and AIM-listed shares has increased, although the 2024 Budget has dampened enthusiasm for BR and AIM due to reduced relief [4] Group 2: Changes in Investment Strategies - Some investors are rethinking their pension contributions due to concerns about income tax and the treatment of pension assets upon death, leading to a shift towards alternative investment routes [5] - There is a trend towards earlier adoption of annuities to facilitate gifting from excess income, as annuities are currently exempt from the 2027 rules [5] Group 3: Protection Planning and Generational Differences - A shift in protection planning is evident, with a preference for cost-effective term protection over Whole of Life policies to address IHT liabilities [6] - Generational divides are widening within the mass affluent segment, with younger investors expecting faster access to information and utilizing AI tools or RoboAdvice for self-management, complicating intergenerational planning [6]

Trusts are the invisible vaults where generational wealth quietly compounds away from taxes, lawsuits and public scrutiny. GOBankingRates asked ChatGPT to explain how the ultra-wealthy use these legal structures to shield fortunes. Find Out: I Asked ChatGPT To Explain How Rich People Avoid Taxes Like I’m 12 — Here’s What It Said Read Next: 6 Subtly Genius Moves All Wealthy People Make With Their Money The AI’s answer revealed strategies that keep billions flowing through families for generations without t ...

Core Points - Service Credit Union was established in 1957 to support military personnel and their families, expanding its services to hundreds of thousands of members globally [1] - The credit union offers a variety of financial products including high-yield deposit accounts, loans, and business banking services [1] Product Overview - Everyday Checking account is a free account that earns rewards on debit purchases and includes online banking, remote check deposit, and loan discounts [2] - Dividend Checking account provides the same perks as Everyday Checking with an additional 0.15% APY on balances, requiring a minimum balance of $1,500 to avoid fees [3] - Primary Savings account is essential for membership, offering 5% APY on the first $500 and 0.25% APY on balances over $500, with a $5 minimum opening deposit [4] - Youth accounts for children aged 13 and up offer checking and high-yield savings with similar APY rates as the Primary Savings account [5] - Military savings accounts are tailored for armed forces members and their families, including a Holiday Club account with 3% APY on balances up to $3,000 [6] - Share certificates are available with terms from three to 60 months, offering rates up to 4.15% APY with a minimum deposit of $500 [7] - Money market accounts provide rates up to 1.7% APY, requiring a minimum balance of $2,500 to earn dividends [7] - Trust services include living trusts and payable-on-death accounts [8] - Business and commercial banking products include checking and savings accounts, digital invoicing, and merchant services [9] - A variety of loan options are available, including vehicle loans, personal loans, and mortgages [10] - Credit card offerings include no annual fee cards, rewards cards, and secured credit cards [11] - Investment services are provided through the Service Financial Group, assisting with retirement planning and college savings [12] - Insurance options include discounted coverage for home, life, and auto insurance [13] Membership and Fees - Membership is open to active duty military, veterans, and their families, as well as members of select employer groups and associations [15][22] - A minimum deposit of $5 is required to open a Primary Savings account for membership [19] - Certain fees may apply depending on account types and usage [14] Customer Service and Technology - Service Credit Union offers 24/7 phone support and various contact options including live chat and email [16] - The mobile app has high ratings and allows members to manage accounts, transfer funds, and deposit checks [17] Social Impact - The Service CU Impact Foundation promotes initiatives in education, housing, and support for veterans and first responders, offering scholarships and grants [18]

Core Insights - Long-term care is essential for aging individuals, but it can be financially burdensome, with costs expected to rise significantly in the coming years [4] - Medicaid provides assistance for long-term care costs but has strict eligibility requirements that can complicate access for many individuals [5][6] Group 1: Long-Term Care Costs - The median annual cost of a semi-private nursing home room was over $93,000 in 2021 and is projected to reach approximately $135,000 by 2033 [4] - Nursing home costs average over $90,000 per year, indicating a growing financial challenge for many families [1] Group 2: Medicaid Eligibility and Limitations - Medicaid eligibility is limited to individuals with low income and restricted assets, with some states allowing no more than $2,000 in countable resources [5] - Medicaid has a five-year lookback rule, disqualifying applicants who transfer assets to meet financial limits within five years prior to applying [6] Group 3: Asset Protection Strategies - Various strategies, such as annuities, home equity exemptions, and trusts, can help individuals with assets exceeding Medicaid's limits to protect their resources [8] - An irrevocable Medicaid asset protection trust can potentially shield a $1 million IRA from Medicaid, provided the assets are transferred into the trust at least five years before needing Medicaid [9]