Evercore Wealth Management
Welcome to the latest edition of Independent Thinking. As investors weigh the prospect of a longer-than-expected period of inflation and geopolitical uncertainty against otherwise largely solid economic fundamentals and the continued extraordinary successes of American companies, they are concluding that…
In our recent webinar, Independent Thinking panel: The United States and China: Repairing the “Most Consequential” Relationship, Evercore Wealth Management Partner and Portfolio Manager Brian Pollak interviewed David Firestein, President & CEO of the George H.W. Bush Foundation in a…
History, said (maybe) Mark Twain, doesn’t repeat itself, but it often rhymes. Investors may hear echoes of the past in the events unfolding in the Ukraine and in the rising tension between China and the United States, but it would…
American technology companies have powered the market gains of the past five years and the astonishing 48% surge in the S&P 500 from pre-pandemic highs. The sector’s four biggest constituents (Apple, Microsoft, Amazon, and Alphabet, the parent of Google) now…
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…
Illiquid alternatives is an umbrella term for different types of investment strategies that range from venture capital and private equity, to illiquid credit strategies, to investments in real estate and infrastructure projects. Many of the portfolios that we manage have…
Kidney disease forecasting, drywall hanging, pizza delivery and crop management: These are just a few examples of activities being transformed through technology. The digital economy (ecommerce, software, tech hardware and so on) now represents more than 10% of the U.S.…
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…