Just yesterday I read an article about how New York beat Hong King on the second most billionaires list, claiming 124 by adding 11 just last year. “The global billionaire population grew 13.4% to 3,204, the first time it has exceeded 3,000 since the wealth information and insights provider started Read more…
Affidavit of Domicile: A notarized affidavit executed by the legal representative of an estate reciting the residence of the decedent at the time of death. This document would be required when transferring ownership of a security from a deceased person’s name.
Advisory Fee: The fee paid to an investment adviser ( portfolio manager) as compensation for managing a portfolio of securities. The fee is usually based on a percentage of assets under management or on an incentive schedule, providing compensation based on a comparison fund performance to a particular index or Read more…