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For leaders of founder-owned companies, simply making the decision to sell or bring in an outside investor can be anxiety inducing. The transaction process itself is often filled with apprehensive moments—arguably none more so than the potential of sensitive information leaking. This primer helps business owners understand how to avoid leaks, how they might emerge, and how to handle them. It details three common scenarios: (1) when there are signs of a possible leak; (2) when signs of a leak are clearer; and (3) when media coverage appears imminent.

Consistently revisiting potential liquidity risk is important work for family investors, as many of these risks can lay silent for prolonged periods and become easy to overlook. In fact, unexpected liquidity demands can undo a lot of hard work and, in a worst-case scenario, force a fire sale of assets.

For the wealth owners—and the family offices managing their assets—the opportunities that impact investing presents are arguably greater than for any other type of investor. While impact investing is a natural fit for family offices, most are still working out where to start—mulling over issues like how to source deals and measure impacts. In order to help them in this quest, we have captured the questions that family offices ask most frequently about impact investing and provided responses to create a thorough and accessible how-to guide on impact investing for family offices.

Because of losses in catastrophe-prone areas and other hard market factors, insurance carriers have pulled back the amount of insurance they’ll offer. Despite the hard market, real estate owners and operators that have well-maintained properties and who are prepared for catastrophes will have an advantage. Overall, the formula for a better insurance rate and coverage is straightforward—owners and operators should undertake preventative maintenance, consider alternative insurance options, and partner with the right insurance broker who will help reduce premiums over the long term.

A dynamic portfolio can help address a number of investment challenges that families of wealth face, including varying multigenerational preferences, unique tax considerations, domicile requirements, and specific beneficiary needs. Yet there is also such a thing as overcomplexity, which can waste time, cause confusion, decrease potential returns, and increase risk. This paper reviews three indicators of an overly complex portfolio and discusses best practices for addressing them.

When it comes to investing with environmental, social, and governance (ESG) concerns in mind, there’s the aim to help foster positive change in the world through the lens of one’s personal values. Since it can be hard to decipher the news about ESG investing, here is a breakdown of some frequent ESG misconceptions and answers that address four questions: (1) Is ESG investing only for environmentalists? (2) Can ESG investing go beyond excluding certain investments? (3) Will ESG investors outperform the market? (4) How should you start investing with ESG in mind?

Over the last few decades, the lackluster performance of traditional active managers has fueled the rise of “closet indexing.” For some, this trend, and the related systemic underperformance of the active management industry, have renewed interest in concentrated investing in pursuit of improved investment performance. This paper leverages empirical evidence and expert insights to outline the merits of concentrated investing as an alternative or complement to more diversified solutions.

The traditional 60/40 portfolio—a mix of 60% stocks and 40% bonds—is suffering through one of its worst periods in history. Although the demise of the 60/40 portfolio has been predicted before, investors may now face a new regime of high inflation and rising correlations between equities and fixed incomes. For investors in hard-hit 60/40 portfolios, there is an alternative—the 80/20/40 portfolio with an option overlay—that may provide diversification without triggering adverse tax consequences, and may exhibit a better risk-reward profile, with lower volatility.