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Most equity index maintenance is routine. We explore how the COVID-19 pandemic could make things different for major index providers ahead of their regular updates.

For the investors with the capital means to drive much needed social and environmental change, the time is now to align their values with impact investing. This year’s report highlights the positive impact of a portfolio committed to incorporating environmental, social, and governance (ESG) criteria with a goal to earn an attractive return while doing good in the world.

In the absence of nationwide directives from the federal government on how businesses should operate during the COVID-19 pandemic, states and municipalities have been issuing numerous orders—with variations big and small—detailing the scope of restrictions in place in each jurisdiction. Although businesses in the cannabis industry are used to complying with a patchwork of differing directives from state and local governments, it is important they take additional steps in order to mitigate their risk of suffering negative impacts from COVID-19.

While recent years brought concrete wealth planning changes with the latest tax legislation, 2020 sees families and their advisors preparing for the unknown. U.S. presidential and congressional elections will unfold against a backdrop of equally impactful societal changes—including rising healthcare costs, evolving technology, increasingly global citizenship, and mass wealth transfer. This year's outlook explores ways to optimize your wealth planning for changes on the near horizon.

Contrary to conventional “wisdom,” decisions regarding manager selection can impact performance as much as or more than decisions regarding asset allocation. Success in this manner involves the ability to identify and access managers who are often not available in common formats, such as mutual funds and most open-architecture investment platforms.

Over the last sixty years, private equity investing has developed from the original leveraged buyout and venture capital deals (once the unproven territory of financial pioneers) into a tried and tested investment philosophy. Opportunity for investing in the asset class has grown considerably, with a multitude of strategies available across all stages, sectors, and geographies.

As businesses navigate their way through the COVID-19 landscape that includes knowing how to handle complex legal and operational decisions, this roadmap provides details on effective dates and analysis of essential or critical businesses, as well as details the impact of emergency orders across numerous industries.

Investors should not design portfolios to survive markets on average, but rather to survive every day and, most importantly, the worst days. As Benjamin Graham said, “the essence of portfolio management is the management of risks, not the management of returns.” At the core of a robust portfolio construction framework is to take a risk conscious approach—where investors must bear risks intelligently.

Despite a weak economy, global financial markets have rebounded, liquidity has been restored, and investors are reentering the markets. Given the risk of a second wave of COVID-19 and other factors, is the stock market being overly optimistic about the growth outlook over the next year?

The Golden Age of Monetary Policy (1980-2019) has ended and the Post-Monetary Era has begun. This episode explores the consequences of the COVID pandemic's dramatic impacts on the economy and financial markets.