RSM: For years, funds have valued their equity interests in portfolio companies using the following approach: calculate the enterprise value, subtract any debt and allocate the remainder to the equity classes in order of seniority. Read more…

A captive insurance company is a property and casualty insurance company that is established to provide coverage primarily to a Parent Operating Company.

What makes Columbia University Law Professor John C. Coffee such a popular source for the financial media?

During 2018 UMB Fund Services continued to see growth in liquid alternatives and was able to further solidify its position as a leading administrator for registered alternative products.

RSM: Participants at the 10th Annual RSM New York Investment Industry Summit gained insights on how new opportunity zone tax incentives can make reinvesting capital gains in economically distressed communities very rewarding. Read more…

RSM: The 2017 Tax Cuts and Jobs Act created a new investment vehicle intended to stimulate economic growth in distressed communities. Qualified opportunity zones (QOZs) are pre-selected areas around the United States where investors can hold capital gains for preferential tax treatment while struggling communities can benefit from an influx of development and funding. Listen to Audiocast…

UMB Fund Services Tax Managing Director, Spencer Erickson, spoke to Private Equity Wire about opportunities in Opportunity Zone Funds and how UMB is supporting clients entering the space.

The Opportunity Zones program is a new economic development tool, designed to encourage economic investment and job creation in distressed areas of communities, by allowing an incentive to taxpayers who re-invest capital gains in designated Opportunity Zones.

RSM: Among the most pressing cybersecurity issues facing financial managers is the decision whether and to what extent to move data to the cloud. Read more…