Nystrom Beckman & Paris LLP

09/10/2019

Increasingly seen by many as no longer an "if" but a "when", here's what investors should know about a possible recession.

Unlike the 2008 global financial crisis, which was mostly a large negative aggregate demand shock, the next recession is likely to be caused by permanent negative supply shocks from the Sino-American trade and technology war. And trying to undo the damage through never-ending monetary and fiscal sti...

09/10/2019

As markets evolve, so do the kinds of expertise you need by your side.

Money and family have always been a potent combination, but new challenges, from cybersecurity to market volatility, are complicating the mix. It’s never been so important to have the right experts on your side.

08/05/2019

While frauds vary wildly by industry and the amount of money at hand they share one thing in common - personalities that combine greed and ego. Here's a case study that our clients can learn from.

Customs broker Alberto Rodriguez, a resident of Queens and South Miami-Dade, pleaded guilty to a $503,000 fraud involving the importing of ci**rs. Rodriguez ran a scheme for avoiding excise taxes that snookered the government and his customers.

08/05/2019

Employers may not be paying their employers fairly, according to Massachusetts' new Equal Pay Act. Here's a helpful guide to navigate this new law.

Five Things Your Business Needs to Know about the Updated Mass Equal Pay Act

07/02/2019

Across the world, cannabis businesses are courting family offices for investment. Here's why.

Because recreational consumption is still prohibited in the U.K., investing in businesses that sell cannabis for adult-use is technically illegal

07/02/2019

As the prominence of family offices grow, so do the risks. Here's what banks should know about the family office.

To work alongside family offices, banks need to look beyond the products they can sell and rather try to connect on a personal level and discover what keeps their wealth management clients awake at night.

06/20/2019

There are no other magic investments that will give you anything other than risk to the upside or protection from the downside.

There really are only two basic things you can do with your money to generate returns: either you acquire assets at a price in the hope that the value will inc

06/17/2019

The transition from a family business to a family office can be treacherous. Here's how one family navigated these treacherous waters.

Some advice, based on a true story, on how to safeguard a family business in transition.

06/17/2019

The Triangle of Fraud is something family offices should keep in mind: opportunity, rationalization, and motivation (financial pressure). Here's how this knowledge can keep your wealth safe.

Family offices often lack the policies and procedures that can help safeguard them from internal fraud. Although you may have complete trust in your internal team, there are still some steps you should take to minimize risk.Read more ›

06/06/2019

It seemed like a surefire bet. That's exactly what this fraudster was banking on to fool these experienced investors.

This Facebook stock scam fooled experienced investors. Here's how.

05/31/2019

What lesson cost this creditor $23 million to learn?

This lesson cost $23 million.

05/31/2019

Investment Red Flags: Don't put all your faith in the audit.