Ali Ansari - Ocean Shores Capital | LinkedIn (original) (raw)
New York, New York, United States Contact Info
212 followers 208 connections
Experience & Education
Ocean Shores Capital
View Ali’s full experience
See their title, tenure and more.
Other similar profiles
Explore more posts
- Trillium Asset Management Walter Bagehot, a Victorian-era banker and early editor of The Economist, is famously quoted as saying: “The purse strings tie us to your kind.” But what implications does this hold for the people who are holding them? Within the asset management industry, who controls capital matters. Despite decades of DEI progress, the percentage of the asset management workforce from underrepresented communities remains fuzzy at best. And the firms that control more than $100 trillion and exert great influence over global economics, often adhere to an antiquated viewpoint that they must choose between diversity and performance. In an Op-Ed for the Boston Business Journal, Trillium Asset Management CEO, Matt Patsky, argued that it’s time for asset managers to ditch the status quo when it comes to embracing diversity. Matt points out that just 17% of assets were managed by gender-diverse teams, yet numerous studies including from Vanguard found that mixed-gender teams outperformed the benchmark by 47 basis points per year. Diversity is essential for fostering healthy discussions and generating multiple ideas, which ultimately leads to better business decisions, he added. Creating a team that includes women and minorities can open the doors to new circles, differentiate deal flows, and diversify portfolios. Omitting these groups from the decision-making ultimately leaves both money and talent on the table. To keep progress moving forward, Matt is calling on asset managers to promote transparency at the fund level. “If the purse ties us to our kind, then the onus is on us to give more of the power to diverse hands so we can create a future that is brighter for every kind.” Read Matt’s call for diversity in the asset management industry here: https://lnkd.in/eMG9NtVQ
- Spectrum Financial Alliance Ltd., LLC “𝐇𝐨𝐰 𝐂𝐚𝐧 𝐘𝐨𝐮 𝐀𝐯𝐨𝐢𝐝 𝐅𝐞𝐝𝐞𝐫𝐚𝐥 𝐈𝐧𝐜𝐨𝐦𝐞 𝐓𝐚𝐱 𝐖𝐡𝐞𝐧 𝐚 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐝 𝐌𝐢𝐧𝐢𝐦𝐮𝐦 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐨𝐦𝐞𝐬 𝐎𝐮𝐭 𝐨𝐟 𝐘𝐨𝐮𝐫 𝐈𝐑𝐀 𝐨𝐫 𝐐𝐮𝐚𝐥𝐢𝐟𝐢𝐞𝐝 𝐏𝐥𝐚𝐧?” By Camden Miracle, SFA Director of Financial Planning For many investors in their golden years, proper tax management strategies become crucial when the Required Minimum Distribution (RMD) age is reached. Based on current IRS mandates, when an individual who holds a traditional IRA, 401(k), 403(b), etc... reaches the age of 73, they are required to take annual distributions from these accounts. This distribution is a taxable event. Basically, the tax code is forcing a taxable event to occur – even if you don’t want or need to distribute! While there are many effective tax management strategies, one technique to mitigate the tax burden surrounding an RMD is to utilize a Qualified Charitable Distribution (QCD). Essentially, a donation to a qualified 501(c)(3) organization from your RMD-mandated account satisfies a portion or all of your RMD without forcing you to pay any income tax on this distribution. This means the organization you support gets more of your money! In 2024 up to a maximum of $100,000 of your annual RMD can be donated to a qualified charity, allowing you to bypass this potential tax event. This is a highly effective strategy for investors with a charitable focus! For example, donating appreciated securities to your qualifying church or charity provides the charity an equal dollar amount of benefit as writing a check would. But, if you give appreciated stock instead of cash, you not only receive a tax deduction for the full market value of the stock and satisfy your Required Minimum Distribution amount, but you also avoid capital gains tax on the appreciated stock! The charity takes ownership of the stock, bond, etc.... and sells it. Donating in this manner means you are giving the same exact value and receiving the same tax deduction, but you have eliminated paying the IRS up to a maximum of 20% for capital gains tax (long-term holdings) or up to 37% capital gains tax (short-term holdings) that you would have paid had you sold the security and donated cash instead. That’s powerful in reducing your taxes! ++++ For regular market insights, tips, and important retirement planning information, follow us right here and join our email list at: https://loom.ly/T5bkz28 ++++ Spectrum Financial Alliance utilizes a concentrated and predictive investment style that attempts to put our clients' money in front of events that our firm's analysis shows are highly probable. Choose how we can best work for you: • Call or text our office at 859-223-6333 • Click here https://loom.ly/5Gkhkuo to schedule a convenient time for us to call you! • Click here https://loom.ly/NJKs_QQ for our brief connect form • Click here https://loom.ly/TLCmtq4 to browse our website to learn more See the full list of disclosures at bit.ly/3ImVwjZ
- The Official Top 100 Magazine We are pleased to announce that Crissi Cole will be featured in the Top 100 People in Finance magazine. In the bustling financial landscape of Boston, MA, one company is making waves by transforming the way women approach money management. Founded in 2020, Penny Finance is a digital financial planning platform designed with a women-first approach. With a mission to close the wealth gap in America, Penny Finance is dedicated to helping everyday Americans break free from debt and step confidently into the world of investing. At the helm of this innovative company is Crissi Cole, a seasoned Wall Street veteran and financial expert. With over a decade of experience in wealth management at Goldman Sachs in New York City, Crissi has a robust background in investing in ultra-high-net-worth portfolios and developing trading and technology platforms. Her impressive credentials include being a Forbes Finance Council contributor and holding Series 7 and 66 trading licenses. She is also a candidate for the Certified Financial Planner (CFP) designation. Under Crissi’s leadership, Penny Finance has grown into a trusted virtual financial planner for over 25,000 women. The platform provides personalized money insights, tailored education, and a supportive community, guiding users through the often complex and intimidating financial landscape. Further, Penny Finance’s team is comprised of individuals with deep experience in finance, engineering, and marketing—AND, they know what it’s like to live paycheck to paycheck, giving them a unique perspective and genuine empathy for the financial struggles many Americans face. #investmentnews #finance #financenews #entrepreneur #publishing #top100magazine #top100peopleinfinance #financepros #businessnews #business #financialnews #financeindustry #news #published #topbrokers #magazine #personalfinance #money #wealth #investing #financialplanning #tax #financialfreedom #wealthmanagement Crissi Cole
- BUMP New York In 2023, the ALICE Report on Financial Hardship in New York revealed a stark truth: too many hardworking New Yorkers are living on the edge of financial survival. ALICE—Asset Limited, Income Constrained, Employed—households earn above the Federal Poverty Level but cannot afford the basic cost of living in their communities. Despite their struggles, they often don’t qualify for public assistance. The numbers are staggering: 55% of households in New York City counties live below the ALICE Threshold (the minimum average threshold a household needs to meet to afford basic needs). Forty-one percent across the rest of the state face the same challenges. And Households of color are disproportionately affected, with 61% of Black, Hispanic, and American Indian/Alaska Native households below the ALICE Threshold, compared to 38% of White households. And the burden is growing. The cost of basic needs—food, rent, transportation, and medical expenses—is rising faster than the rate of inflation, leaving 50% of ALICE households struggling to pay bills in 2023, just as they did at the height of the pandemic. This is why the BUMP Campaign is so critical. By establishing a true cost-of-living wage floor for human services workers, paired with annual adjustments, we can help lift thousands of ALICE households out of financial precarity. Human services workers are often ALICE themselves—providing essential care to others while struggling to care for their own families. It’s time to change that. Let’s fight for wages that reflect the real cost of living. Together, we can ensure economic justice for human services workers and help stabilize communities across New York. https://lnkd.in/dyRmjnZj
Explore collaborative articles
We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
Others named Ali Ansari in United States
111 others named Ali Ansari in United States are on LinkedIn