Trustee Crime Insurance, Paying 1% for Alts Access, and NYC Real Estate with Ashley Reidy Quinn

A listener writes in after reading about a new insurance product that covers trustee theft, with up to ten million in coverage. He's weighing whether to add it as protection for his children when the trust eventually passes to them. Stephan works through why the insurance itself isn't the first question to answer, how single-trustee structures create the underlying risk, what a corporate co-trustee or trust protector language solves, and how that same structure protects the trusted family member from suspicion within the family.

The second question comes from a listener who has been with the same wealth advisor for six years, primarily for access to private investments he couldn't get on his own. The problem is that the broader planning conversations keep coming up short. Stephan looks at how to evaluate whether the alts access justifies the fee, what percentage of a portfolio those alts typically represent, and the two paths forward when a fund-picking relationship isn't giving you the planning depth you're paying for.

In From the Field, we're joined by Ashley Reidy Quinn of Christie's International Real Estate New York. Over the past twelve years, she's built a team of seven and closed deals across every borough, from Staten Island townhouses to a $59 million property in Wainscott. Ashley shares why New York City real estate has stayed largely flat over the past decade, what it means that roughly 90% of NYC transactions are all cash, and how that reality shifts what a buyer needs to feel before signing. She also gets into how the pied-à-terre tax conversation is landing with clients, and why the psychology of the buyer, not the transaction itself, drives the outcome.

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The information provided in this podcast is for general informational and educational purposes only, and is not intended to constitute financial, investment, or other professional advice. The opinions expressed are those of the hosts and guests and do not necessarily reflect the views of any affiliated organizations. Investing in financial markets involves risk, including the potential loss of principal. Past performance is not indicative of future results. Before making any investment decisions, you should consult with a qualified financial advisor, who can assess your individual financial situation, objectives and risk tolerance. Thanks for listening!