Strategic Wealth Management at the Crossroads
Volume 47 of Independent Thinking® by Evercore Wealth Management addresses the evolving landscape of wealth management amid shifting market conditions, family dynamics, and business transitions.
The issue highlights the necessity of ongoing, strategic decision-making as economic environments and personal circumstances change. It explores the importance of investment diversification, the opportunities and risks in credit markets, and the complexities of business sales and succession planning.
The publication also examines innovative planning tools like sprinkling trusts to address family needs and legacy objectives. Overall, the volume emphasizes collaboration with advisors and proactive planning to maximize financial outcomes and protect family legacies in times of uncertainty.
Independent thinking®
VOLUME 47
Strategic Wealth Management at the Crossroads
Investment Diversification – A central theme is the value of diversifying portfolios beyond U.S. mega-cap stocks, with increased allocations to international equities, credit, and illiquid assets to better manage risk and seize new opportunities in a changing market.
Credit Markets and Innovation – The issue provides a historical perspective on the evolution of credit markets, highlighting the growth of high-yield and securitized bonds and the opportunities for investors seeking higher returns in a higher interest rate environment.
Family Dynamics and Sprinkling Trusts – Addressing the challenge of fairness versus equality in wealth transfer, the publication discusses sprinkling (pot) trusts as flexible tools for families navigating transitions and aiming to balance the needs of multiple beneficiaries.
Strategic Planning for Business Sales – Business owners are encouraged to engage in early, comprehensive financial and tax planning before a sale, leveraging a collaborative advisory team to maximize after-tax proceeds and achieve long-term legacy goals.
