Resources

CURRENT EVENTS: COVID-19

Returning to the Office

We are pleased to announce our staff is returning to the Tolleson Wealth Management offices at 5500 Preston Road. Although we were able to seamlessly transition most employees to remote work in March, we feel that it is time to return to the office with proper precautions in place that align with local, national, and […]

Webinar on Texas Scientists’ Global Fight against COVID-19

We were fortunate to have Dr. Lauren Ancel Meyers and Dr. Jason McLellan join us last week to present on their frontline work in the global fight against COVID-19.  Dr. Ancel Meyers provided an overview of her teams work on modeling different aspects of the pandemic, including their work in advising the White House Coronavirus […]

CARES Act for Nonprofits and Donors: What We Know So Far

Giving well in these unprecedented times is both essential for our communities and requires planning. The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides both tax incentives for charitable donations in 2020 and funding, both loans and essentially grants, to nonprofit organizations. Susan Jenevein, Director of Tolleson Philanthropy Services, and Darren Moore, nonprofit organizations […]

Tips to Avoiding Fraud & Scams

With many communities practicing social distancing measures, daily habits are changing to adapt to a new normal. You may find yourself spending more time on personal devices or communicating online to connect with family and friends. Criminals are also adapting their habits around current events, finding new ways to steal your information. We recommend a […]

How Can I Help?

Many people are wondering how they can help our communities in this health and economic crisis.  Tolleson Wealth Management’s Philanthropy Services team is continuously communicating with local and national non-profit agencies and service providers who are providing emergent response to the COVID-19 pandemic and the resulting economic consequences to businesses. The team has compiled information […]

Summary of Recent IRS Communications

As is true for many areas of our lives these days, new tax developments are emerging daily. Below is a quick recap of the tax news most likely to impact our clients. Tax Return and Payment Deadlines: The IRS has now deferred the deadline for all income and gift tax returns originally due between April […]

Insights

Quarter-End Snapshot: Q2 2020

Quarter-End Snapshot Q2 2020 Firm Update   from RICHARD JOYNER, PRESIDENT Wow. What a quarter it has been – it’s the middle of the summer, and we’re already in the second half of 2020! I’m…

Quarter-End Snapshot: Q1 2020

Quarter-End Snapshot Q1 2020 Firm Update   from Carter Tolleson, CEO “Always look for the helpers. Because if you look for the helpers, you’ll know that there is hope.”– Fred RogersThe world changed and it…

Investment Update

Fears from the spreading Coronavirus caused turmoil in the financial markets last week. The S&P 500 dropped 11.5% and is now down 8.5% for the year. Non-US stocks fared slightly better, with the MSCI ACWI-Ex US down slightly more than…

Quarter-End Snapshot: Q4 2019

Quarter-End Snapshot Q4 2019 Firm Update   from RICHARD JOYNER, PRESIDENT It’s hard to believe that 2020 marks our 20th year in business, and we’ve been thinking a lot about how to celebrate such a…

Quarter-End Snapshot: Q3 2019

Quarter-End Snapshot Q3 2019 Firm Update   from Carter Tolleson, CEO Typically, towards the end of the year, many of us spend time reflecting on the past trip around the sun – accomplishments, progress made…

Quarter-End Snapshot: Q2 2019

Quarter-End Snapshot Q2 2019 Firm Update   from Richard Joyner, President One of the most common questions we encounter when we’re working with client families is how to help children and young adults build the skills – especially…

President's Blog

Part II: The Multi-Family Office

In my last blog, I discussed what I see as the benefit of an integrated service team and approach working on behalf of successful, multi-generational families. A great example of working on behalf of families is in the estate planning arena. First of all, it’s important to note that there are lots of estate planning […]

Part I: The Multi-Family Office

One of the most common questions prospective client families ask me is about the advantages of working with a multi-family office. “I have an estate planner, and a CPA, and an investment advisor,” they say. “Can’t I just work with them and get the same result?” Well, yes and no. It’s fair to say that […]

Using Your Exclusions

The holidays are (finally) upon us and gift-giving is often the focus of many family discussions around this time. For families that have achieved a certain level of financial success, the topic may be more important this year than most, although for slightly different reasons. It’s difficult to ignore the fact that there is a […]

Family Leadership Development

Over many years in practice, I’ve watched countless entrepreneurs work to make the transition from operating a family business to living with (and from) financial assets. It takes a different set of skills to create and run a successful business and to maintain and grow a complex web of financial assets, entities, and family members. […]

The Kitchen Dance

Recently, a colleague and I conducted a small family meeting in a client’s home. The meeting included the mom and dad with their two adult children. Since we were in the beginning phases of the family meeting process, spouses and significant others did not attend.

Case Studies

Creating A Legacy

  The Situation: Our clients, Mr. and Mrs. G, retired ten years ago. They sold their family home in Dallas, bought a small condo and spend most of their time travelling abroad. When they are in Dallas, they enjoy spending time in the Dallas Art District seeing performances and viewing art collections. Their three grown […]

Family Meetings and Estate Planning

  The Situation: Mr. E is a father of a family and a serial entrepreneur who has been highly successful in several businesses. While he was busy creating wealth, Mr. E often neglected his estate plan or simply added on to the existing plan using whatever attorney was working on his business affairs at the […]

Post-Nup, Asset Protection

  The Situation: A Tolleson Wealth Management client, Mrs. Y, is a 40-year-old daughter of a very wealthy mother and an only child. She is married to Mr. Y, a man that owns a variety of real estate investments. Most of his real estate consists of self-storage units across the state of Texas. He also […]

Preparing for Marriage

  The Situation: When Ms. L, the daughter of a Tolleson Wealth Management client family, began talking about marriage, our advisors helped begin a dialogue about the best way to prepare for it. Most young people, especially from families of wealth, are very hesitant to have the discussion about the dreaded “prenup.” However, we encouraged […]

Transition

  The Situation: Mr. and Mrs. K are prospective clients in their 70s that expressed a great deal of concern about who would take over their financial affairs in the event of either of their deaths. They have four married children in their 40s and nine grandchildren. The children live all over the US. The […]

News & Events

Tolleson Private Bank and FHLB Dallas Award Grants to Two Dallas Nonprofits

Tolleson Private Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded $24,000 in Partnership Grant Program (PGP) awards to two apartment complexes in Dallas, Texas, developed by Catholic Housing Initiative to house seniors. PGP grants help qualified nonprofit organizations fund a variety of operational and administrative activities that are critical to […]

Chief Investment Officer Eric W. Bennett talks with Family Wealth Report about Distressed Credit

Distressed assets and default situations are a hot topic in today’s current climate. Family Wealth Report writer Charles Paikert invited Chief Investment Officer Eric W. Bennett to share his insight on the topic and investment opportunities he foresees in the future. Bennett explains what he believes wealth managers should be discussing with their clients about […]

Royce Ramey Named to Newly Created Chief Experience Officer Role

Tolleson Wealth Management is pleased to announce the promotion of Royce Ramey to the newly created Chief Experience Officer role. Ramey will sit on the firm’s governing CEO Council and will be responsible for the strategic integration of service lines while ensuring team members have the training, technology, and support to deliver a seamless client […]

A Conversation with T.D. Jakes: Moving Forward Together

We were honored to host an online conversation last week with Bishop T.D. Jakes, known as a faith leader, author, filmmaker, entrepreneur, and philanthropist. Director of Philanthropy Susan Jenevein and Bishop T.D. Jakes talk about justice, racial equality, the importance of continuing conversation, and the role of philanthropy in moving forward together. Tolleson Wealth Management […]

Private Wealth Management Interns Begin their Summer Virtually

Each summer, Tolleson Wealth Management offers a private wealth management internship to rising college seniors, teaching them about the inner workings of a multi-family office. The interns receive hands-on experience as they rotate through different departments in the firm. This year, private wealth interns John Luger and Megan Shipman begin their first day virtually. John […]

Employees Stay Active with 2020 Fitness Challenge, Adapting to Home Workouts and Social Distancing

Each spring, employees at Tolleson Wealth Management participate in a beloved step challenge that encourages activity through friendly competition between teams. The annual program encourages employees to walk more and increase their overall physical activity, with rewards for milestones. This year, 13 teams of five to six employees competed to hit daily and weekly goals […]