Jess S. Morgan & Company, Inc. is a full service business management firm, employing specialized professionals in all areas, who together with the client’s attorney, agent, personal manager, and other outside professionals plan and manage the client’s business and personal financial affairs. Since our founding in 1967 we have maintained a relationship to the client as a valued and trusted advisor. By entrusting their financial concerns to Jess S. Morgan & Company, Inc., the artist, athlete, entrepreneur or other high net worth individual can confidently focus on career, family and leisure.
When making sound financial and investment planning decisions, tax compliance and planning are a critical component. Jess S. Morgan & Company, Inc. provides the technical support required to comply with the tax law while taking advantage of all available tax-savings strategies. We maintain relationships with accountants and attorneys throughout the world having expertise in all areas of income and estate taxation. We are particularly familiar with the special tax issues and required planning that is unique to high net worth individuals and members of the entertainment industry.
Jess S. Morgan & Company, Inc. has been managing investments for high net worth individuals and corporations since 1968 as a registered investment advisor. Independent of our business management practice, we offer investment advisory services to clients interested in having their investment capital professionally managed. This division is led by experienced portfolio managers who manage the client’s individual, corporate, and retirement portfolios, which are structured to meet their investment criteria and objectives. Clients receive regular statements from both Jess S. Morgan & Company, Inc. as well as the independent custodian where all investment assets are held.
There are 3 different options for managing your Start-Up venture’s accounting and financial operations, the Do-It-Yourself approach, outsourcing to a CFO/Accounting Firm, or hiring the employees directly. Each of these approaches has both positives and negatives and each may be the right fit for your Start-Up at different times of the growth cycle. This blog will address the third option: hiring employees approach.
There are 3 different options for managing your Start-Up venture’s accounting and financial operations, the Do-It-Yourself approach, outsourcing to a CFO/Accounting Firm, or hiring the employees directly. Each of these approaches has both positives and negatives and each may be the right fit for your Start-Up at different times of the growth cycle. This blog will address the second option: outsourcing to CFO/Accounting firm approach.
There are 3 different options for managing your Start-Up venture’s accounting and financial operations, the Do-It-Yourself approach, outsourcing to a CFO/Accounting Firm, or hiring the employees directly. Each of these approaches has both positives and negatives and each may be the right fit for your Start-Up at different times of the growth cycle.
A family foundation has an initial board of directors which typically includes the family patriarch and/or matriarch. Subsequent or additional board members usually consist of family members or close personal advisors that are familiar with the Founders’ goals and aspirations for the Foundation. When established, a private family foundation is funded with cash, appreciated securities, or other assets.
Traditionally and historically the family office was organized to manage and administer the affairs and fortunes of a single wealthy family. The focus was on managing and coordinating investments, trusts, legal affairs, accounting, taxes, insurance, real estate, foundations, philanthropic endeavors, wealth transfer to future generations and much more.
Physicians have specific insurance needs to address in their personal and professional lives. It is important that you review all of your personal and professional insurance needs together. By reviewing all of these needs together you can help bridge any gaps in coverage, have a full understanding of all of your insurance needs and can make the most educated decisions about the risks you are exposed to.
I think these two questions should go hand in hand as the answer to the second question will help answer the first question. The right time to set up a Loan-Out company is when the entertainer is earning in the range of $100,000 to $200,000 annually.
The motivation to initiate this process are manifold and are usually the result of a particular life occurrence or realization, retirement, sale of a business, taxes, divorce, marriage, birth of a child, concentrated wealth issues, illness and incapacitation, family conflict, legacy and multigenerational concerns, establishment of a new business or financial windfall, etc.
Entertainment executives have long lived on the hot seat, as their position to decide what movies or televisions shows get seen generates a high level of criticism from both the creative and the financial communities. Being able to get both creative and financial acclaim is a difficult proposition and everyone loves to blame someone for the downfall of a high profile movie or television series.
The reasons to have a competent investment advisor on your team are almost as many as there are types of investors. However, in many individual and family situations it really boils down to simply the common sense need for discipline, guidance and a second opinion. The investment environment can be a highly charged emotional landscape to operate in, filled with many, many choices, temptations, opinions, numbers, hot tips, etc.
Earlier in the year I described what a family office is, namely an organization created for the purpose of supporting the financial needs of a specific family. Over the last months we have spoken with several wealthy families who have asked us if it would be more appropriate for them to form their own office or to rather become part of an existing family office that already has an established infrastructure to operate and administer family activities.
A divorce is not only complicated in separating two intertwined personal lives, but the financial separation can be just as complicated if not more so. Most married couples engage the same business manager to assist with taxes, financial planning and overall financial needs during their marriage. This makes sense while their lives are joined together in marriage, but it makes less sense to continue that arrangement once the marriage is in the process of ending.