Evercore Wealth Management
In the spirit of transparency, and because we believe it’s the best estimate of portfolio risk, Evercore Wealth Management attempts to show clients an estimated maximum drawdown for their portfolios, from market peak to trough. We start with basic assumptions,…
Bear markets are inevitable, painful and, with proper planning, manageable. This is my eighth bear market in my 52 years as a wealth manager. The prior ones averaged a peak-to-trough drawdown of 41% in stocks and 25% in balanced portfolios…
Deciding when – and how much – to give children and grandchildren is arguably the most fraught wealth management decision many of us will make. Evercore Wealth Management Partner Justin Miller and guest Dr. Denise Federer discussed the emotional and…
Here’s a paradox: In the two years in which we have wrestled with a global pandemic and its myriad related issues, the S&P 500 soared, rising 120% from the initial shutdown shock. Now, just as the virus may be downshifting…
In preparing the next generation of young children and grandchildren to be happy and productive members of society, we believe that one of the single best activities to consider is family philanthropy. For parents and grandparents looking to transfer values…
In the absence – yet – of new tax legislation, families face continued uncertainty regarding the future of the estate and gift tax systems. Washington could remain in deadlock on this issue, of course, but tax changes could also be…
This is not “That ‘70s Show”. I know that not because I’m familiar with the popular television show of that name, but because I started my career in 1970. It was a decade of poor economic growth and poor equity…
If we can’t take a treasured possession with us, we might want to ensure that it’s taken care of. hat’s true for all sorts of assets, whether a beloved family vacation home, an art collection, a pet, or even our…
I really like scaffolding as a metaphor for supporting our families. I like it so much that I’m borrowing it from Dr. Harold Koplewicz, President of the Child Mind Institute, author of The Scaffold Effect: Raising Resilient, Self-Reliant, and Secure…