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It is often thought that financial success comes with a certain level of financial freedom: the freedom to pursue passions, to take risks, to give back, and to make an even bigger impact. In the 2018 U.S. Trust Insights on Wealth and Worth® survey, the results revealed that only half of high-net-worth individuals have a plan to optimize the opportu...

Many institutional investors have long sought to promote social equity through grant making and other philanthropic endeavors. With the field of impact investing maturing, these institutions are now increasingly seeking investment solutions to accomplish the same goal. Yet this effort raises important questions: What is social equity investing? Wha...

While trade finance is among the oldest forms of institutionalized credit, it has only recently become an accessible market for most institutional investors. Providing high liquidity, good return premiums over cash, and a predictable risk profile, it can play a valuable role in portfolio strategy. However, as a fairly new option for most investors,...

Benchmarking is a critical component of a successful investment program; however, measuring private investment performance vexes even the most sophisticated investors. The unique characteristics of these investments—the reporting lag, the long lock-up of capital, and the impact of the J curve, among others—make performance measurement a...

For investors with private allocations, how one incorporates them into the policy benchmark will materially impact the portfolio’s relative performance, making the choice key to informed decision making. In this report, we review various methodologies used and make a series of recommended best practices to follow. In considering the performan...

1031 Exchange, commonly known as like-kind exchange, can be a smart tax strategy for business owners who also own or invest in real estate. Understanding seven basic fundamentals of a 1031 exchange will make you more informed to know if a 1031 strategy will fit into your overall tax and real estate plans. Watch the short video and learn the fundame...

The “Recession 2020” talk is omnipresent in the financial press, but productivity developments—which are no longer a manufacturing phenomenon—may extend the party. After years of stagnation, the stage is set for a cyclical upturn in productivity that would restrain labor costs, limit inflation, and allow profit margins to re...

For private wealth clients, the consideration of tax liabilities adds another wrinkle to already complex investment decisions. It is vital for high-net-worth individuals and families to weigh the tax implications of any changes to their portfolio as taxes can erode gains, hindering their investments’ ability to meet their financial objectives...

After remaining dormant for most of 2017, market volatility returned with a vengeance in the First Quarter of 2018. Concerns over rising interest rates and inflation overcame positive news on economic growth and corporate earnings, triggering a selloff in both bonds and stocks in early February. The VIX index of implied equity market volatility spi...

Looking toward the second half of 2018, the struggle between opposing forces—the positive impact of late-cycle economics and negative forces connected to monetary policy and geopolitics—is ongoing and will continue for the near-term. Whether the positive impact of economic growth is likely to exceed the negative impact of rising interes...

Volatility has increased and it can be associated with a range of recent developments—for example, global trade tensions and political uncertainty in the Eurozone. But increased volatility also reflects the fact that we are late in the economic cycle—with the current period of U.S. expansion close to being the longest on record. Investm...

Transactions for the purchase and sale of businesses are rarely all cash deals. No matter the transaction structure, the use of financing to consummate the purchase creates a new dimension and layers of complexity requiring additional scrutiny and analysis by a discerning seller (or its principals). When financing the purchase of your business, the...

After a spectacular year in 2017, emerging market equities have badly trailed their developed market counterparts in 2018. It has been a rough ride for investors who believe in the superior growth characteristics of emerging market economies, in particular Southeast Asia. But recent economic data has improved amid the downside pressures of a protra...

Strategic investors and private equity firms around the world turned to transactional risk insurance in record numbers in 2017 to reduce deal risk in a highly competitive mergers and acquisitions (M&A) environment. In the latest Transactional Risk report, it provides details on the demand for transactional risk insurance globally. Other key fin...

Today, investors of all sizes are utilizing their capital to do good while also doing well. A multitude of impacting investing options are available for foundations, family offices, and individual investors to align their values with their investment portfolios. Whether it is through ESG-screened ETFs and mutual funds, green bonds, PACE bonds,...