In the dealmaking environment, the general aviation sector has been resilient through the pandemic. The sector's rebound that started in the second half of 2020 portends good things for it and the fixed base operators (FBOs) that serve the airports—even in the face of broader economic headwinds. The sector's endurance tracks with what history has shown—that high-net-worth individuals will keep flying. That means strong long-term FBO deal potential and short-term opportunities in the right markets.
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The threat of recession is real as the global economy remains at a critical juncture. In the U.S. and Europe, inflation is at a multidecade high. Since the start of the year, the Federal Reserve has raised its policy rate multiple times, by 50 to 75 basis points per meeting. Will the Fed be successful in getting inflation back to target and delivering a softish landing? The answer will hinge on three key policy drivers.
What is the value of financial advice? This question is of utmost importance to financial advisors, investors, and the finance industry in general. By putting a number on the value of their advice, financial advisors can surface the highest-value advice interventions and demonstrate their value to clients to retain and attract more business. The value of this personalized advice is illustrated through a four-part framework, methodology model, and four hypothetical case studies.
A large and growing cohort of next generation (next gen) investors in the Asia-Pacific (APAC) are preparing to take on the responsibility of managing their family’s wealth and take on an active role in maintaining sustainable generational success.
In the hospitality space, hotels are a unique asset that can be viewed as an operating business that makes them different and more complex than other real estate assets and holdings. While recovery in the industry has been uneven—with big box meeting hotels struggling and luxury resorts doing well—there are investment opportunities, including the distressed hotels. In this ten minute interview, Clifford Risman and Brian Lucareli discuss the investment opportunities and the market factors impacting them.
A well-defined governance system is what drives a strategy for portfolio investments—all the while increasing a family’s ability to formulate its goals and policies, make decisions, and perform an oversight function. This paper can help families in the development of their own decision-making framework and focuses on three core building blocks of investment governance: (1) people, (2) authority, and (3) process. It also takes a close look at the potential benefits of the investment committee model and presents a set of best practices for families to consider.
No one can predict the lasting effects of an economic downturn for certain and whether tech M&A activity will ebb or flow. However, current economic conditions present the ideal buyer's M&A market. So, looking into 2023, buyers and sellers could continue to see an increased appetite for acquisitions as valuations stabilize at lower levels, inflation subsides, and interest rates taper off.
The pace of mergers and acquisitions (M&A) has slowed down since 2021 when the market conditions were better. In this ten minute interview, Spencer Moats and Brian Lucareli discuss the current adverse market conditions and the impact they have on deal volume, the opportunities for buyers and sellers, the trends in the M&A space, and practical advice on weathering the adverse conditions.
While high inflation, monetary policy tightening, and global recession risks could cloud the first quarter of 2023, the market conditions are expected to improve in the second quarter as inflationary pressures dissipate, particularly in the United States. In this environment, emerging markets (EMs) could be a bright spot for investors. The bear market in EM equities is long in the tooth in terms of time, price, and multiples, and EM debt appears attractively valued.
When it comes to true investment fiduciaries, there are two standards of care: suitability and fiduciary. In this video, HighView CEO Mark Barnicutt shares his perspectives on both standards, the importance of the fiduciary standard for investors, and why the investment fiduciaries have become a scarcity.