Client Login
Contact Us
Call Us

Understanding Custodial Relationships Amidst the Silicon Valley Bank Collapse

When working with a Registered Investment Advisor (RIA), investors may have heard the term “custodial relationship.” This refers to a partnership between the RIA and a financial institution that acts as the custodian of the client’s investment assets. For example, Ballast Advisors uses Charles Schwab as custodian for client investment assets. However, recent events involving … Read more

7 Things You Can Do to Trim Your 2023 Tax Bill

 Reducing your tax liability can literally save you thousands of dollars  Tax season can be a stressful time for many people, especially if you’re not fully prepared. However, with some advance planning and preparation, you can take steps to reduce your tax bill for the upcoming year. Here are 7 things you can do now … Read more

Tax Consequences for Not Abandoning Domicle

The concept of your domicile is very different from that of your residency Domicile is an important concept in determining one’s residency status for tax purposes. Simply put, a domicile is a person’s permanent home and the place to which they intend to return whenever they are away. The failure to abandon one’s domicile can … Read more