Many of us can identify with some famous quotes written by the playwright William Shakespeare. As an editor and writer, I can relate to the quote, “Brevity is the soul of wit.” It’s not always easy to convey a thought using the minimal amount of language, and I often find myself deleting words when editing the work of myself and others. Until now, I’d be hard pressed to come up with Shakespearian quotes that relate to fiduciary duties. But Jay E. Harker’s article, “What Can Shakespeare Teach Us About Estate Planning?” p. 37, shows that The Bard may have unknowingly anticipated what it takes to be a successful fiduciary. The article reviews four precepts for fiduciaries inspired by lines from various Shakespearean plays.
Our issue jumps from the late 16th and early 17th centuries to more current concerns, such as the opportunities and unique risks that come with the use of artificial intelligence (AI) in wealth management for family offices. In her article “Artificial Intelligence in Asset and Wealth Management,” p. 64, Olivia Greer offers three primary guideposts for responsible AI adoption and risk management. And in “Family Offices: Yesterday, Today and Tomorrow,” p. 58, David Rosen and Bobbi Bierhals review the tax issues facing family offices now and in the future.
I’d also like to bid farewell to and thank our long-time advisory board member Melvin A. Warshaw, who recently retired to spend more time with his children and grandchildren.
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