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The wealth management industry is seeing a wave of mergers and acquisitions (M&A). From the buyer’s perspective, the biggest question when pursuing M&A is whether the target firm is worth the asking price. From the seller’s perspective, the biggest question is whether the bidder is the best match. Although this difference of per...

A common question that a family often asks prior to building a family office is “What is a family office anyway and does my family actually need one?” The answer depends on the family’s goals, as well as understanding the four different types of family offices that are commonly used: (1) single family office, (2) family business office, (3) family ...

Some investors may think that their investment portfolios aren’t “making the grade” because they started investing at a point in the market cycle that has resulted in meager gains or even short-term losses. In volatile environments, a certain discipline is required to stick to an investment plan and avoid the temptation to exit th...

Studies show that nearly two out of every three homes are underinsured, and not all homeowners insurance policies are the same. There are significant coverage differences between standard insurers when compared to premier insurers that specializes in protecting high-value and architecturally unique homes. Having the right homeowners coverage will h...

In a referendum held on June 23, 2016, the United Kingdom (UK) voted to leave the European Union (EU). For risk professionals, many of the key issues that affect them will be decided during the negotiations over the coming years that will determine the UK’s new relationship with the EU. However, firms need to begin assessing which areas of th...

After months of fierce debate and a policymaking hiatus, the United Kingdom (UK) electorate has voted in favour of leaving the European Union (EU). While the broad direction is set, companies will still face considerable uncertainty until the UK’s exit strategy is defined and trade negotiations (including the trans-border movement of people) ...

In a historic referendum, 51.9 percent of voters in the United Kingdom (UK) elected to leave the European Union (EU), catching global markets off guard. Reaction has been significant, with large currency moves, falling yields on perceived safe-haven government bonds, and large sell-offs in the equity markets. Within a day of the vote to leave the E...

Britons voted to exit the European Union on June 23, marking the first time any country has left since its formation. The political consequences for Britain’s Prime Minister were swift, and people around the globe reacted with shock and confusion. The economic and investment impact of this decision led to a rising U.S. dollar and falling GDP ...

After the United Kingdom (UK) voted to leave the European Union (EU), the global markets shifted to a “risk-off,” with global stocks, the British pound, and the euro all declining while the U.S. dollar, gold, and high-quality U.S. bonds rallied. The market decline reflects the surprising nature of the vote, since many market watchers ex...

The UK has voted to leave the European Union after 40 years of membership, defying the expectations of most market participants and ignoring the warnings from the International Monetary Fund and other leading economists regarding the negative impacts on trade. Market reaction was swift, with the pound falling to a 30-year lows and a “risk-off...

The Brexit vote—the United Kingdom voters’ decision to exit the European Union—has unleashed political, economic, and financial uncertainty that will play out over the months ahead for affected currencies, equity, and fixed income markets, sectors, and individual firms. Immediately after the vote, market values for banks, insuranc...

The United Kingdom’s (UK) voluntary exit from the European Union (EU) is unprecedented—and with it comes more questions than answers about how it will affect business entities in the UK and beyond. Economists anticipate at least several years of uncertainty, which typically does not bode well for financial markets. U.S. companies that s...

What has been called a “soft revolution” in the UK may also be thought of as the “revenge of the 99%.” The final implications of the decision to leave the EU will not unfold for many years, but some of the initial economic and market impacts are becoming evident. Interestingly, one “winner” in this scenario may b...

The outcome of the United Kingdom’s referendum to leave the European Union has stunned forecasters and market participants. The market responded in dramatic fashion to the news, triggering economic repercussions where the Euro fell against the U.S. Dollar from 2 percent to 8.5 percent. Meanwhile, safe haven bond markets rallied up to 25 basis...

NEPC's Christopher Levell, ASA, CFA, CAIA, Partner, hosted a webinar discussion on Wednesday, June 29, 2016 on the effects of the United Kingdom’s referendum to leave the European Union. The UK’s vote is an unprecedented event that has major implications for global markets both in the short and long term. To provide additional persp...