By: Daniel A. Perry I often receive questions from clients is about their financial accounts. Many of my clients have mutual funds, IRAs, investment accounts, stocks, bonds, and joint bank accounts. As most of us are aware, you can name a beneficiary on these accounts. So long as a beneficiary is named on these accounts, and […]
By: Daniel A. PerryOur office speaks with many families everyday regarding their estate planning goals and concerns. This is one of the most common concerns amongst our clients:“I Want the Government to Stay Out of My Family’s Private Lives After I’m Gone”Most of us can relate to this statement. We work all our lives to […]
By: Daniel A. Perry As with many different areas in securities law and securities regulation, this question is difficult to answer. In general, a Venture Capital Fund is exempt from registration with the Securities and Exchange Commission (SEC) under the 1933 Securities Act and the 1934 Securities and Exchange Act. In addition, the Dodd-Frank Regulatory Reform […]
By: Daniel A. Perry Under the Investment Company Act of 1940, there were many new regulations and requirements for investment companies and the requirement to register certain securities. Specifically addressed and relied upon in the Investment Company Act of 1940 includes private funds, private equity funds, and a variety of other unregistered securities. Under Section 3(c)(7) […]
By: Daniel A. Perry Non-Accredited InvestorsIn a recent article, I discussed the definition of an Accredited Investor as defined by the Securities and Exchange Commission. Today, I will discuss the definition of a Non-Accredited Investor. Quite simply, a Non-Accredited Investor is an individual that does not meet the definition of an Accredited Investor.These terms were designated […]
By: Daniel A. PerryThe Investment Advisers ActIn 1940, the United States Congress passed the Investment Advisers Act. This act created several registration requirements that continue to be changed today in both the federal and state security division landscapes. The 1940 Act made it unlawful for most financial advisers to charge performance fees to its clients […]
By: Daniel A. PerryThe term “Accredited Investor” is defined by the Securities and Exchange Commission. It is a term for individuals wishing to purchase securities which are not required to be registered with the SEC or any State Securities Division. In addition, the term “Accredited Investor” is meant to apply to certain individuals who may […]
I was speaking with a client recently regarding the aspect of potential long-term care planning. This client was very worried about not having enough money to pay for their long-term care costs and had begun to investigate the possibility of attempting to qualify for Medicaid later in life, should this become an issue.Specifically, this client […]
By Daniel A. Perry, Esq.Today, I’d like to speak to you about somewhat of a controversial topic. I was recently speaking with a client who asked me “Dan, should we step in and stop our parent from spending their money on these vacations and trips with his new spouse?” This is usually a very uncomfortable question and […]
By Daniel A. Perry, Esq. I was recently speaking with a client who said to me “Dan, I have a simple situation. My financial advisor said all I need is a simple will, powers of attorney, and advanced healthcare directives. My financial advisor told me that since all my accounts have beneficiary designations and my estate […]