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Low inflation, subdued global growth, and historically elevated stock valuations are the realities we believe your investment portfolios face over the next five years. Investors can position their portfolios for the long-term with these six key themes in mind: valuation superstructure, entrenched growth, stuckflation, monetary godot, populist catha...

Depending on where you live, your philosophy on fiscal policy and what your sources of income are, the Tax Cuts and Jobs Act could be viewed as a gift or a lump of coal. No matter how you see it, there is a short window of time for the ultra high-net-worth individuals and families to plan for its effects.

An IRS advisory published in late December could prevent individuals from deducting property tax prepayments in 2017. According to the advisory, taxpayers can deduct a property tax prepayment in 2017 depending on whether the tax was both assessed and paid before January 1, 2018. Prepayments of anticipated real property taxes that have not been asse...

Moving into 2018 there is a need to prepare for a subtly changing investment environment. It is time for a comprehensive reality check, and the Ten Themes for 2018 can help you understand the opportunities and risks ahead. We think that we will see another year of positive, if generally rather lower, investment returns. Beginning with theme number ...

At more than one thousand pages, the new tax reform package has plenty of both carrots and sticks for U.S. taxpayers. Both the short- and long-term effects of the new legislation on economic growth in the U.S. are uncertain at this point, but changes in the tax code will undoubtedly confer both benefits and penalties on certain segments of the U.S....

The broadest index of global stock market performance (MSCI ACWI) has gone more than 400 days without a pullback of 5% or more, the longest such streak in 30 years. It is no surprise, then, that experienced investors are riding the rally with one foot on the gas and a hand on the parking brake. The only thing that can be said with certainty is this...

Sometimes, unfortunately, a trip to the hospital is unforeseen and unplanned. Often, however, procedures and elective surgery are scheduled in advance. If this is the case for you or a loved one, planning ahead for a hospital stay and taking a few simple steps can ensure greater comfort and a faster recovery. This is important for everyone, but esp...

What does the passage of the Tax Cuts and Jobs Act mean for high-net-worth taxpayers? Comparing the Act to current law, we outline the provisions and focus on the proposals most relevant to high income and high-net-worth taxpayers and businesses.

Signs point to the U.S. economy being near or in a late (or pre-recession) stage, yet stock market valuations are elevated and inflation is inexplicably soft. We share its outlook for the U.S. and global economies and—in light of stretched valuations, low bond yields, and expected higher volatility—where qualified investors can look for...

While it may seem like the last box to check, planning for the next generation of owners and managers well in advance usually leads to better operational, financial, and tax outcomes. That remains true whether the transition involves a sale to an outside buyer, passing to the next generation of family, or selling to employees. Busting the four myth...

Millennials have surpassed the Baby Boomers as the nation’s largest demographic segment. And with more than $30 trillion passing to them through inheritance over the next 30 years, Millennial investors are determined to make an impact and use their wealth to reshape not just markets, but the world. Given that only 28% of ultra-high-net-worth ...

Cryptocurrencies, or digital currencies, have captured the imagination and interest of investors around the world. Three main factors have driven this interest: the role of cryptocurrencies as bold new upstarts in the world of electronic payments; their meteoric rise in value since they were created less than a decade ago; and the perennial search ...

The role of the trustees has evolved rapidly, and there has been a transition in the investment standards guiding trustees from being a “prudent man” using legal lists to being a “prudent investor” employing modern portfolio theory. In addition, trustees are now required to understand concepts of foreign taxation and foreign...

For investors who can withstand the risk, investments made to support climate change and generate competitive returns can be found in the private equity markets—it’s one of the top five ways to adapt your portfolios to climate change and support the Paris Climate Agreement. Another way is to integrate your values with your investments b...

In a summary of the tax law signed on December 22, 2017, there are still seven individual tax brackets, but the top rate was lowered from 39.6% to 37%. Most of the law's provisions became effective on January 1, 2018, with numerous provisions expiring after 2025. Like most tax laws, it is neither positive nor negative in and of itself; rat...