AI Is Dividing the Fortunes of the Magnificent Seven
They are not quite heading to splitsville, but some of the market's tech heavyweights have made more headway in artificial intelligence—and that has put a strain on their relationship. At least with respect to their recent relative stock performance.
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Cantor outlines how to navigate the emerging Bitcoin treasury sector
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4 Wealth Transfer Strategies Most People Learn About Too Late
Many Americans hope to leave a financial legacy, but without the right estate planning strategies, much of that wealth could be lost to taxes, probate or family conflict. A robust estate plan includes thoughtful transfer strategies that ensure heirs get to hold on to as much wealth as possible — and these strategies should be put in place as early as possible for a smooth transition of assets. For You: Check Out: Here are four commonly overlooked estate planning moves that can help protect your wealth and preserve it for your loved ones. 1. Use Lifetime Gifting To Reduce Estate Taxes Gifting assets during your lifetime — either directly or through vehicles like a family limited partnership — not only reduces your taxable estate but allows you to witness the impact of your generosity. Yet, many high-net-worth individuals don't take full advantage of the annual or lifetime gift tax exemption until it's too late, said Michelle Taylor, a financial advisor at GFG Solutions and the founder of the Women and Wealth Initiative. 'There's a saying that I like to remind clients to think about: Would you rather give with a cold hand or a warm one?' she said. 'This helps people think through what matters most when it comes to gifting.' Explore More: 2. Set Up a Trust To Control and Protect Wealth Trusts are another powerful tool that are often underutilized. 'Whether it's a revocable living trust to avoid probate, or more advanced strategies like a spousal lifetime access trust (SLAT) or irrevocable life insurance trust (ILIT), these can help control how and when wealth is distributed, protect assets from creditors and preserve family harmony,' Taylor said. These can be especially helpful in cases where there are blended families or complex business interests. 3. Use Life Insurance To Create Tax-Free Inheritance Life insurance can play a key role in wealth transfer planning, especially when structured properly. 'Life insurance can be a smart way to create liquidity to pay estate taxes or equalize inheritances among heirs, but the structure matters,' Taylor said. 'Policies held inside a properly designed trust — like an ILIT — keep the death benefit out of your estate and in your family's hands.' 4. Plan Early To Minimize Estate Taxes Estate tax minimization strategies — such as freezing the value of appreciating assets or leveraging valuation discounts — can dramatically reduce what's owed. But timing is everything. 'These are highly time-sensitive and must be planned for years in advance,' Taylor said. How To Implement Wealth Transfer Strategies Wealth transfer strategies should be implemented in your overall financial plan as early as possible, and should be continually updated as policies or personal circumstances change. 'Personal financial situations can shift unexpectedly, especially in today's rapidly evolving legislative landscape,' said Brian Tullio, CFP, wealth manager at Fairway Wealth Management. 'To avoid unintended estate tax exposure, stay proactive and integrate estate planning into your ongoing financial planning discussions,' he said. 'As your circumstances change or new laws are enacted, regularly reviewing and updating your estate plan will serve as a critical part of your overall comprehensive wealth planning.' It's also crucial to communicate your plans clearly with loved ones. 'A lot of financial damage happens not because the documents were wrong, but because the family wasn't prepared,' said Dr. Stephan Shipe, CFP, founder of Scholar Financial Advising. 'I always tell clients, if you don't make these decisions clearly and intentionally, your kids will have to. And they'll be doing it without you in the room.' That's why he emphasizes the importance of both documentation and dialogue. 'A trust or estate plan can help protect assets, but it won't prevent conflict if no one understands how or why the plan was created,' he said. 'That's when even a so-called simple estate becomes complicated.'More From GOBankingRates 5 Steps to Take if You Want To Create Generational Wealth I'm a Financial Advisor: My Clients Who Retire Early All Do These 3 Things 4 Things You Should Do if You Want To Retire Early Dave Ramsey: The 3 Worst Mistakes People Make When Trying To Build Wealth This article originally appeared on 4 Wealth Transfer Strategies Most People Learn About Too Late Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Phenom Earns Spot as SaaS Awards 2025 Finalist for Intelligence and Automation Platform
Recognized for Excellence in Software-as-a-Service Innovation and Impact PHILADELPHIA, July 28, 2025--(BUSINESS WIRE)--Phenom, an applied AI company that helps organizations hire faster, develop better and retain longer, has been named a finalist in The 2025 SaaS Awards for its intelligence and automation platform. CEO of The Cloud Awards, James Williams, said: "We're pleased to confirm the finalists in this year's SaaS Awards. This year features a particularly competitive field of nominations, giving our judges a tough, yet rewarding, task in turning our shortlist into an exclusive range of finalists. "Driven by the continued investment and evolution of AI within the industry, SaaS solutions are becoming increasingly sophisticated, and standing out from the crowd can be a tough task. Phenom, and their fellow finalists, have done exceptionally well in reaching this stage, and we wish them well as our judges go on to select this year's winners." Building on its recent recognition as a Top 25 AI Company by the Software Report and Best Cloud HR/HRMS Solution in The 2024/25 Cloud Awards program, Phenom continues to earn industry acclaim for its bold innovation that unifies rather than fragments the entire talent experience for all stakeholders through a single experience-first platform. The comprehensive solution addresses critical HR challenges through advancements in data standardization, domain-specific AI, scalability, real-time personalization, conversational and agentic AI, compliance, and seamless integration with existing HR systems. In 2025, Phenom introduced breakthrough innovations including X+ Ontologies, X+ Agent Studio, and industry-specific X+ Agents that bridge the gap between business strategy and HR execution. These purpose-built agents streamline essential processes across industries like healthcare, retail, financial services, and manufacturing — from candidate sourcing to talent development — while transforming unstructured enterprise data into actionable insights. "The real test of AI in HR isn't what it can do in a demo — it's how real companies are turning the messy, unstructured reality of their enterprise data and systems into a seamless experience across their entire talent ecosystem," said John Harrington, Sr. Director, Product Marketing at Phenom. "Our customers are already seeing the impact of this transformation, and this recognition further validates that our approach is working." Learn why Phenom's industry-specific AI and automation continues to earn accolades. Tune in to Industry Week July 28 through August 1 live or on demand. Register at With Phenom, candidates find and choose the right job faster, employees develop their skills and evolve, recruiters become wildly productive, talent marketers engage with extreme efficiency, talent leaders optimize hiring and onboarding processes, managers build stronger-performing teams, HR aligns employee development with company goals, and HRIT easily integrates existing HR tech to create a holistic infrastructure. The SaaS Awards recognizes the organizations that are leading the way in the software-as-a-service industry – from specialized 'vertical SaaS' solutions through to broader services for enterprise or SME businesses. The program received entries from organizations of all sizes from across the globe, including the USA and Canada, the UK and Europe, the Middle East, and APAC. About Phenom Phenom has a purpose of helping a billion people find the right work. Through AI-powered talent experiences, employers use Phenom to hire and onboard employees faster, develop them to their full potential, and retain them longer. The Phenom Intelligent Talent Experience platform seamlessly connects candidates, employees, recruiters, talent marketers, talent leaders, hiring managers, HR and HRIT — empowering diverse and global enterprises with innovative products including Phenom X+ Agentic AI and Generative AI, Career Site, Chatbot, CMS, Talent CRM, X+ Screening, Automated Interview Scheduling, Interview Intelligence, Talent Experience Engine, Campaigns, University Recruiting, Contingent Talent Hiring, Onboarding, Talent Marketplace, Workforce Intelligence, Career Pathing, Gigs, Mentoring, and Referrals. Phenom has earned accolades including: Inc. 5000's fastest-growing companies (5 consecutive years), Deloitte Technology's Fast 500 (4 consecutive years), 11 Brandon Hall 'Excellence in Technology' awards including Gold for 'Best Advance in Generative AI for Business Impact,' Business Intelligence Group's Artificial Intelligence Excellence Awards (3 consecutive years), The Cloud Awards 2025/2024, The A.I. Awards 2024, and a regional Timmy Award for launching and optimizing (2020). Headquartered in Greater Philadelphia, Phenom also has offices in India, Israel, the Netherlands, Germany and the United Kingdom. For more information, please visit Connect with Phenom on LinkedIn, X, Facebook, YouTube, Instagram and TikTok. View source version on Contacts Jennifer
