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Slide handout
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Summary (AI Generated)
This overview, presented by Scott Morrison, Head of Product at Saving For College, highlights key developments and features in 529 college savings plans as of 2025. The 529 plan market is substantial, with 16 million accounts totaling $500 billion in assets, supported by over 90 active plans nationwide. Approximately 15% of U.S. households use 529 plans, predominantly savings-type accounts, split 60% direct-sold and 40% advisor-sold.

Recent legislation has broadened the scope and appeal of 529 plans, expanding qualified expenses beyond college tuition to include up to $10,000 per year for K-12 tuition (rising to $20,000 in 2026), registered apprenticeships, workforce training, books, supplies, computers, room and board, and student loans (up to $10,000 lifetime). New inclusions from mid-2025 cover skilled trade certifications, professional licenses, continuing education courses, and associated materials, provided the programs meet federal/state approval criteria.

Concerns over leftover funds have eased with a 2024 provision allowing tax-free rollovers from 529 plans to Roth IRAs, under specific conditions: same beneficiary, 15-year account age, annual Roth limits, and contribution aging requirements. This offers a new flexibility path beyond transfers to other family members.

FAFSA simplification has made 529 plans more attractive for financial aid, as plans owned by parents or siblings impact aid less and distributions from plans owned by grandparents are no longer counted as student income.

New features improving user experience include mobile apps, direct electronic disbursements to schools (offered by about 40% of plans), auto-increase contribution options, and e-gifting capabilities. These innovations support saving success and ease of use, helping families optimize education funding strategies.

In summary, 529 plans in 2025 offer greater flexibility, expanded eligible uses, enhanced financial aid friendliness, and modern features, making them a more powerful tool for education savings. [Read More]
59:04
Course recording
Video
Summary (AI Generated)
Will Robinson, Director of Partnerships for UI Charitable, discusses the value of Donor Advised Funds (DAFs) in charitable giving, particularly amid recent legislative updates under the One Big Beautiful Bill Act (OBA). DAFs act like charitable bank accounts where donors receive immediate tax deductions upon contribution but can distribute funds to charities later, offering flexibility in asset types—including cash, securities, real estate, and cryptocurrency.

Compared to private foundations, DAFs have lower setup costs, higher tax deduction limits (up to 60% of adjusted gross income for cash), no required annual distributions, and allow donor anonymity. However, DAFs cannot donate directly to individuals. The OBA introduces changes such as higher standard deductions, a 0.5% adjusted gross income floor for deductions, a 35% cap on charitable deductions for high earners, and permanent 60% AGI limits on cash gifts, affecting donation strategies.

Robinson highlights strategies like charitable bunching—consolidating multiple years of giving into one tax year to maximize deductions—and gifting private business interests to a DAF before sale to avoid capital gains tax and increase tax savings. He stresses finding a flexible DAF platform that handles complex assets efficiently.

Engagement with clients about charitable intent, portfolio reviews, and major liquidity events enables advisors to integrate philanthropy into wealth and legacy planning, enhancing practice growth and client retention. [Read More]
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Summary (AI Generated)
This presentation by William Robinson from UI Charitable at NAPFA 2025 focuses on Donor-Advised Funds (DAFs) and their strategic use in charitable giving, especially for financial advisors working with clients. Key points covered include: 1. What is a Donor-Advised Fund? A DAF is a charitable giving account allowing donors to make an immediate tax-deductible contribution of various asset types—including cash, securities, private business interests, real estate, and cryptocurrency—and then recommend grants to charities over time. 2. Benefits of DAFs versus Private Foundations: DAFs have lower setup and administration fees, allow anonymous donations, have flexible succession plans, and provide a broader range of giving and impact investment opportunities. They also offer more favorable tax deduction limits compared to private foundations. 3. Impact of The One Big Beautiful Bill Act (Effective 2025-2026): - Raises standard deduction amounts, making small, sporadic donations less tax-efficient and encouraging "charitable bunching"—combining several years’ donations into one tax year to exceed itemization thresholds and maximize deductions. - Introduces a new above-the-line deduction for non-itemizers up to $1,000 (single) or $2,000 (joint) for cash gifts to public charities, excluding DAFs. - Imposes a 0.5% AGI floor for deductible gifts, meaning only amounts over this threshold qualify. - Caps top earners' charitable deduction value at 35% of AGI (down from 37%), reducing tax benefits on large gifts. - Permanently sets cash donation deduction limit at 60% of AGI. 4. Charitable Strategies: - Charitable Bunching: Enables donors to maximize itemized deductions by consolidating donations. - Gifting Private Business Interests: Donating pre-sale business assets to a DAF can avoid capital gains taxes and yield immediate fair market value deductions. 5. Client Engagement: Advisors should engage clients by understanding their charitable intent, timing gifts around high-income years or liquidity events, and discussing tax and estate planning. Key questions help identify clients who could benefit from a DAF. The presentation emphasizes educating financial advisors on utilizing DAFs effectively under evolving tax laws to optimize clients' philanthropy and financial planning. William Robinson offers his contact information for further support. [Read More]
58:54
Course recording
Video
Summary (AI Generated)
The presentation, led by estate planning attorney Alan with assistance from Scott Levin, focuses on advanced estate planning tools, primarily Qualified Personal Residence Trusts (QPRTs) and Intentionally Defective Grantor Trusts (IDGTs). A QPRT allows individuals to transfer a residence (primary or vacation) out of their estate at a discounted value while retaining the right to live in it for a set term, reducing estate taxes by removing future appreciation from the estate. After the term, occupants pay rent to the trust, further decreasing estate value. Risks include losing the step-up in basis at death and potential tax complications if the exemption thresholds change. Strategies to optimize QPRTs, like splitting property interests among family members and managing term lengths, were demonstrated using specialized estate planning software.

IDGTs combine a gift and an installment sale, allowing donors to transfer appreciating assets out of their estate while paying income tax on trust earnings, effectively "freezing" estate value growth. The trusts offer flexibility, including toggling grantor trust status to manage tax burdens and using self-canceling installment notes. Examples showed significant estate tax savings through these techniques, especially when combined with limited liability companies and GRATs (Grantor Retained Annuity Trusts). The software used enables advisors to model scenarios, generate client-friendly letters and presentations, facilitating clear communication of these complex strategies. Overall, the session highlights sophisticated planning to minimize estate taxes and maximize wealth transfer to heirs. [Read More]
01:09:28
Course recording
Video
Summary (AI Generated)
Michelle Hirsch, a leading expert in high-net-worth personal insurance from Brunswick, delivers an insightful talk on the evolving challenges and strategies in wealth protection through insurance. With over 20 years of experience, she emphasizes the increasing complexity due to climate change, rising claim costs, and market withdrawals by major carriers like Nationwide and State Farm. Highlighting real-world examples, such as high-value claims from everyday accidents and natural disasters, Michelle underscores the critical importance of comprehensive umbrella policies for asset protection.

She explains that insurance is designed for catastrophic events, advising high deductibles and careful claim management to avoid non-renewals. Michelle notes a trend toward the excess and surplus (E&S) lines market, or non-admitted carriers, which offer more flexible underwriting for risky properties but at higher costs. She stresses the value of high-net-worth carriers like Chubb, Pure, and AIG, which provide superior coverage including cyber liability, worldwide protection, and unique perks like in-safe bank vault discounts for jewelry.

Michelle also addresses underwriting challenges for property types (wood roofs, older homes) and the nuances in auto insurance, recommending higher deductibles and agreed values on luxury vehicles. She warns about common pitfalls like inadequate umbrella coverage and the liability risks of adult children living at home but driving insured vehicles titled to parents.

Ultimately, Michelle advocates for proactive education, strategic coverage selection, and leveraging independent brokers with access to multiple high-net-worth carriers to ensure clients receive tailored protection in today’s volatile insurance landscape. She concludes with encouragement to advisors to maintain these conversations with clients to safeguard their wealth effectively. [Read More]
58:39
Course recording
Video
Summary (AI Generated)
Thomas Clausen, founder of Pageport, presented on the transformative impact of AI and agents in financial advising. Emphasizing the massive opportunity of serving 22 million unadvised retirees with $12 trillion in assets, he argued that technology and AI can help advisors increase productivity and serve more clients, especially in the mass affluent segment. He defined AI agents as large language models combined with tools that perform specific jobs, such as note-taking, scheduling reviews, and compliance monitoring. These agents act more like employees than traditional software, assisting advisors by automating repetitive tasks and providing timely client relationship reminders. Clausen stressed that while AI is reshaping financial services, true client relationships and trust remain irreplaceable. Advisors who leverage AI to handle administrative duties can focus on building these relationships and delivering personalized service. On compliance, he cautioned about carefully managing clients’ personally identifiable information (PII) when using AI tools, advocating for data redaction and tokenization to protect privacy. He encouraged advisors to audit their workflows, delegate repetitive tasks to AI, and partner with vendors committed to strict security standards. Clausen concluded that AI agents are the future of advisory services, enabling more efficient practice management and broader access to financial advice without compromising compliance or client trust. [Read More]
Slide handout
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Summary (AI Generated)
This document by Thomas Clawson, co-founder of Pageport and Slant, addresses how financial advisors can compliantly leverage AI to enhance client relationships and business efficiency. The presentation covers AI agents—large language models coupled with tools—that perform specific tasks such as scheduling meetings, taking notes, drafting plans, and managing emails, freeing advisors from administrative work to focus more on client relationships.

The growing retirement market presents a huge opportunity: 41 million Americans are preparing to retire, but 22 million lack advisors, representing trillions in unadvised assets. AI adoption among advisors is rising, with over 60% already using AI tools to boost efficiency.

Key compliance issues include protecting client personally identifiable information (PII), as LLMs may store and reuse data unless properly managed. Financial regulations (SEC, FINRA) now require firms to supervise AI usage rigorously, ensure data security, document AI vendor practices, and adopt policies to minimize conflicts of interest and privacy breaches. Advisors must keep PII in secure CRMs, redact or tokenize sensitive details before AI processing, and maintain records of AI tool usage.

Practical AI applications include uploading redacted documents for research, AI-assisted note-taking, proactive scheduling of client reviews, and personalized client outreach based on life events or meeting histories. AI agents can scan client data for behavioral changes, automate follow-ups, and deliver concise client summaries, strengthening personalization.

The core message emphasizes AI as a tool to increase advisor capacity and extend financial advice to millions more clients, while human advisors remain essential for building trust and relationships. Advisors are encouraged to audit their time spent on administrative tasks, adopt AI thoughtfully, stay updated on regulatory requirements, and protect client data to compliantly unlock AI’s potential. [Read More]
59:33
Course recording
Video
Summary (AI Generated)
At the Napa Fall Conference, Sarah Greco and Patrick Shadow introduced a cutting-edge platform for fiduciary advisors to utilize direct indexing and custom indexing to reduce fees, enhance tax efficiency, and create portfolios tailored to clients' goals. Unlike traditional pooled funds and ETFs, this technology enables advisors to build personalized, transparent, and rules-based indexes with significantly lower expense ratios (around 5 basis points versus 40-60 bps in typical ETFs). Advisors can customize portfolios by sector, factor tilts (growth, quality), thematic and macro themes, socially responsible investing criteria, and exclusion of specific stocks to align with client values.

The platform offers a user-friendly interface allowing for continuous iteration and backtesting with real-time data, producing detailed fact sheets and rulebooks to ensure regulatory compliance and transparency. It supports creating portfolios for various client segments—from Millennials seeking goal-specific and value-aligned investing solutions with lower minimums, to pre-retirees focused on tax loss harvesting, and retirees emphasizing income preservation.

Integrations with custodians like Schwab and Altruist enable seamless deployment of these custom sleeves as SMAs, with automated daily trading file transmissions. The system also plans to incorporate AI-assisted index construction and tax-efficient rebalancing tools using proprietary similarity scores. Ultimately, by cutting out multiple layers of fees and improving customization, this platform aims to increase long-term client wealth, advisor assets under management, and overall industry efficiency. [Read More]
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