Bruce Paulson serves as a Senior Client Advisor for MRA Associates. In this role, he provides investment and wealth management advice to clients, participates in investment decisions, and leads the firm’s growth efforts in the greater Midwest Region.
Bruce earned his Bachelor of Arts degree in Finance from Concordia College in Minnesota, graduating cum laude. Soon after, he went on to earn his Doctor of Jurisprudence degree from William Mitchell College of Law in St. Paul, Minnesota.
Prior to joining the MRA Associates team, Bruce worked at a variety of notable organizations including, Arthur Andersen, US Bank, US Trust, GenSpring Family Offices and most recently, Okabena Company. His responsibilities at these firms included providing tax, estate planning, and investment services; most often for families with multi-generational needs and concerns. His investment experience includes stock research and selection, value proposition change initiatives, after-tax investing (portfolio transitions), design and use of separate account equity index solutions, and design and integration work for specially taxed trusts or other asset locations.
Bruce has been published in a number of periodicals, which include: “The Economics of Charitable Remainder Trusts and Related Asset Management Issues,” Journal of Wealth Management, Winter 2000 edition; “Economics of Charitable Lead Trusts and Related Asset Management Issues,” Journal of Wealth Management, Fall 2001 edition; “Integration of Hedge Funds and Wealth Transfer Structures: Where Should They Be and Why?” Journal of Wealth Management, Fall 2003; “Lender of First Resort: Time to Refinance the Estate?” Journal of Wealth Management, Summer 2014; and “To Gift or Not to Gift?”, Trust and Estates, Summer 2019. He is a Certified Public Accountant and CERTIFIED FINANCIAL PLANNER™ professional.
Bruce’s personal interests include fly fishing, yoga, traveling, and a wide range of reading; predominately relating to history, classics, spirituality, and investing.
To gift or not to gift, that is the question. It is less complex than the famed question posed by Prince Hamlet, but still not a simple one for families that hold appreciated assets and are (or may be) exposed to estate tax.
The new tax laws make worse an already rocky relationship between hedge funds and taxes. Mutual funds that hold noncorrelated assets and strategies may gain in after-tax favor
investors who prefer lower expenses for their equity exposures often favor low cost exchange-traded funds (ETFs) and mutual funds, passing on or not considering higher fee separate account equity index (SAEI) solutions.