Investments in fixed income have historically generated solid risk-adjusted returns, and the higher yielding sectors within fixed-income have performed well in rising interest rate environments. But when there’s a surge in debt and money supply, will a fixed income allocation continue to provide portfolio protection while offering opportunities for return enhancement?
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Despite the leadership and great influence of the women who have shaped their family legacies, including the silent legacy of Louise Carnegie, their contributions have been missing or minimized in the family stories and historical records. With more women taking control of more wealth and the decisions around that wealth, their voices and positions provide a unique foundation for each woman to stand upon as she builds her own legacy. Here are a few tips for preparing and conducting interviews to raise the profile of women in your family.
Even if you are not yet ready to share the family's wealth numbers, communicating your intentions to the next generations promotes family harmony and is a best practice for successfully sustaining and transferring family wealth. It may also be time to schedule a family meeting for this purpose. There is no right way to conduct this meeting, but there are factors to consider when planning the meeting, including providing possible agenda items for a variety of ages and knowledge levels.
A family vision statement is rooted in shared values, interests, and goals. Written with a sense of purpose, your statement becomes your guiding principles for the rules and actions of your family members. In this webcast, learn why most successful families develop a shared vision for their future together on the family journey, how they go about it, and what impact it has on their well-being and family relations.
2020 was a year of diverse risks marked by a global pandemic, a record number of storms, catastrophic wildfires, and ongoing threats to people and property from other perils, including cyber risks. When “unprecedented” is the new norm, there is a need for thoughtful risk management and insurance protection strategies as families and family offices adapt to the changing risk landscape.
Investors should tread carefully with SPACs (special purpose acquisition companies), as costs and dilution post-merger may be larger than those borne via traditional IPOs. SPACs are like IPOs in that that they raise capital to take companies public. They are also referred to as “blank check companies” and are like a mystery box—investors won’t know what it eventually holds until it finds a suitable target company. Learn more about SPACs here in this investment strategy update.
By measuring the reopening of the economy using a combination of high-frequency indicators to measure the return to more normal spending and employment, see which industries have prospered and are faring well. A deeper dive in the Consumption Sub-Index, which indicates overall consumption appears to have regained its pre-pandemic highs. There could also be opportunities for investors in real estate.
There are nascent signs of inflation beginning to percolate within the U.S. economy, driven by higher input prices and supply shortages. Pent-up pandemic savings could become an inflationary force once the economy more-fully opens and offers opportunities for spending. The Fed has grown the monetary base materially and has emphasized a willingness to tolerate inflation persistently within the 2.0% to 2.5% range. How will real estate and equities perform in an environment of modestly rising inflation?
For the first time in a decade, the Democratic party controls the Senate (narrowly), House, and Presidency in the U.S. As a result, many believe there will be significant legislative changes to the estate tax laws. Although the extent to which these laws change is unclear, there are still opportunities to take advantage of larger tax exemptions while reducing or even eliminating risk of triggering tax.
While the goals of most family offices remain constant, family office operating models are continually evolving. Learn how current trends and new technologies are giving families unprecedented flexibility when selecting the right family office structure.