Resources

Client Alerts, News Articles, Blog Posts, & Multimedia

Everything you need to know about BMD and the industry.

Press Release

Press Release: Rick Burke named 2024 H. Peter Burg Award recipient by Red Cross of Greater Akron and the Mahoning Valley

October 19, 2023Rick is receiving the H. Peter Burg Community Leadership Award for his leadership at Brennan, Manna & Diamond, LLC, as well as in the community. He has served countless organizations such as Akron Children’s Hospital, the Akron Rotary Club, and the University of Akron Foundation Gifts & Estate Planning Committee. Rick has also served as a Board member and Board Chair for Big Brothers/Big Sisters of Akron, Mobile Meals, Access, Inc., Greenleaf Family Services, the American Red Cross of Akron and the Greater Mahoning Valley, Northern Ohio Golf Charities, the Northern Ohio Golf Charities Foundation, and Stan Hywet Hall & Gardens.  In addition, Rick has accumulated 40 years of service as a volunteer at Firestone Country Club on behalf of Northern Ohio Golf Charities and was Tournament Chair of the 1996 NEC Invitational-World Golf Championship (now known as the Kaulig Companies Championship).  Rick was a member of Leadership Akron Class IX and has been a recipient of the (Summa) Charles Deering Legacy Advisor Leadership Award 2017 as well as the University of Akron School of Law 2018 Outstanding Alumni Award.Client Alert

Investment Training for the Second and Third Generations

January 19, 2021Consider this scenario. Mom and Dad started the business from the ground up. Over the decades it has expanded into a money-making machine. They are able to sell the business and it results in a multimillion-dollar payday for their labors. The excess money has allowed Mom and Dad to invest with various financial advising firms, several fund management groups, and directly with new startups and joint ventures. Their experience has made them savvy investors, with a detailed understanding of how much to invest, when, and where. They cannot justify formation of a full family office with dedicated investors to manage the funds, but Mom and Dad have set up a trust fund for the children to allow these investments to continue to grow over the years. Eventually, Mom and Dad pass. Their children enjoy the fruits of their labors, and, by the time the grandchildren are adults, Mom and Dad's savvy investments are gone.