Harness Wealth

08/20/2020

Thank you to NerdWallet for the great, detailed review! Read more about their analysis of our services and tools here: https://wwwe.nerdwallet.com/reviews/investing/harness-wealth

07/02/2020

Our CEO and co-founder David Snider was featured on this podcast episode on the topic "Disruption Amidst Disruption: FinTech in the Age of Coronavirus":

This week on The Disruptive Voice we're delighted to bring you a timely conversation with and (MBA '13) on the state of the FinTech industry. Luis serves as the George E. Bates Professor in the Finance Unit and is also Senior Associate Dean for Executive Education at Harvard Business School, where h...

06/26/2020

Make sure you're reevaluating your overall investment strategy on a regular basis. An experienced financial advisor can strategically manage your portfolio based on your personal financial situation and ensure you're prepared for any significant changes in the stock market.

Learn more here: https://www.harnesswealth.com/articles/diversify-your-portfolio-how-startup-employees-over-invest-in-tech/

06/03/2020

A statement from our founders:

05/28/2020

Many employees who work at companies that get acquired have both vested and unvested options as well as exercised shares, so may be facing many different tax implications.

Long and short-term capital gains and alternative minimum tax may all come in to play depending on the terms of the acquisition and the actions you take around exercising and selling after the acquisition.

Learn more here: https://www.harnesswealth.com/articles/tax-planning-for-when-startup-acquired/

05/21/2020

The question of whether to gift or keep a key asset in your portfolio can generally be answered with arithmetic.

However, the ever-changing conditions (capital gains rate, estate-gift tax rate, estate-gift tax exemption, etc.) can make that more challenging for you to handle on your own without an advisor.

Learn more about the various inputs you should consider before making a strategic gifting decision: https://www.harnesswealth.com/articles/tax-strategy-gifting-assets/

05/07/2020

Getting liquidity from your stock options is a multi-step process. We've outlined the most common options for financing and the timeline of selling, as well as how to plan for taxes, and calculate the value of your shares: https://www.harnesswealth.com/articles/cashing-out-startup-shares-calculating-potential-value-and-costs/

05/05/2020

Consider making a significant charitable contribution to a Donor Advised Fund to maximize your tax deduction this year while maintaining the flexibility to give funds away over time to your favorite charitable organizations.

Work with a financial adviser to ensure you make this strategic donation correctly and leverage their expertise to identify any other financial and tax opportunities you may be missing: https://www.harnesswealth.com/

04/30/2020

These are examples of questions you should be asking during your adviser search, whether you're speaking to financial advisory, tax, or trust & estate firms.

What you ask may differ based on your personal needs, industry, and goals, and we've put together a list of questions separated by both firm type and demographic to help you make sure you'll be working with an adviser that has experience working with clients who are just like you: https://www.harnesswealth.com/articles/questions-for-selecting-an-adviser/

04/14/2020

Many Harness Wealth firms are currently offering special pricing for healthcare workers, and we've assembled them all here. Feel free to share with medical professionals you know who may find it useful.

We hope this is helpful in even a small way to those working on the front lines.

A list of firms in the Harness Wealth network that are offering discounted services or waived fees for those that work in the healthcare industry. We hope this helps alleviates some stress and anxiety for medical professionals, and we will keep this updated as our firms notify us of new, relevant of...

03/04/2020

Concerned about recent market volatility due to the outbreak? An experienced financial adviser can help you make the right decisions about your investment strategy.

Sudden drops in market performance can be alarming. What does this mean for your financial planning? And how can a Financial Adviser help?