The natural question we've been hearing from clients is a simple one: Should I try to get in? As a general rule, we don't recommend that clients participate in IPOs. That has very little to do with any single company; it has to do with how IPOs actually work. Let's Start with the So-Called ‘IPO...
Whether it is a student heading off to college for the first time, a parent or grandparent wanting to create opportunity for the next generation, or an individual returning to school to build a better future, education has long been viewed as an investment worth making. Higher education is meant to open doors without closing off...
Initial public offerings are gaining momentum in 2026 with several high-profile companies preparing to go public. We take a deeper look at what this could mean for you. After several lean years, 2026 is shaping up to be one of the most active markets for initial public offerings in recent memory. The excitement is understandable,...
What Could the Appointment of the New Fed Chair Kevin Warsh Mean for Markets? Some people hear "Warsh" and immediately think: lower rates, easy money, problem solved. And it’s easy to understand why. He's often talked about the economic benefits of productivity growth and deregulation. But if you look at his record at the Fed,...
Tax-return preparation is becoming a core component of modern wealth management. In recent years, clients have benefited dramatically as their financial advisors have adopted increasingly “holistic” approaches to wealth management. In addition to foundational portfolio-management services, many of the industry’s most capable firms now offer tax planning, estate planning, risk management, and other services such...
You’ve probably heard the phrase “K-shaped economy” by now. The idea is simple. One group of Americans is doing better than ever. Asset prices are up, home equity is up, portfolios are at record highs. Another group is feeling squeezed by higher prices on groceries, rent, insurance, and just about everything else. Same country, two...
As your wealth grows, often so does its complexity. What worked when you were building your portfolio may not be sufficient as you approach retirement, manage concentrated positions, plan for wealth transfer, or navigate major life transitions. Your financial advisor should evolve as you do. Ideally, this person can serve not only as your investment manager but as a comprehensive financial architect, building your long-term strategy...
When it comes to private credit, a number of questions can arise, including those around asset class, credit quality, and steps investors may wish to take. We follow up on our earlier discussion about this topic and dive beneath the headlines to offer our thoughts. In February, we wrote about the headlines dominating private credit...
Although inflation has come down from its peak, it hasn't fully gone away, and we continue to feel the effects of that uncertainty in the bond market. Forces Shaping Today’s Bond Market Starting with Treasuries, they remain highly sensitive to inflation expectations and Federal Reserve policy. When inflation comes in hot, yields move higher as...
For many LGBTQ+ individuals and families, traditional financial advice does not always reflect lived experience. Longstanding assumptions about marriage, family structure, geography, and legal protections have not consistently aligned with LGBTQ+ realities. As a result, LGBTQ financial planning often requires additional considerations and proactive decision-making. While no two experiences are identical, several themes frequently emerge within the LGBTQ+ community. Understanding...