Family
The $18 trillion question: structuring philanthropy for impact, governance and legacy
Over the next two decades a vast sum will pass from the wealthy to charity, and giving has quietly professionalised. This is …
Perspectives
Insights
Research and perspective on private wealth: the trends, the methods and the questions that matter to families of significant means and the advisers who serve them.
Method
What belongs in an investment policy statement, and what does not
The investment policy statement is the most important document a family rarely reads. Done well, it is the spine of every decision …
Family
The $124 trillion question: what the Great Wealth Transfer means for advisers
Over the next two decades the largest handover of private wealth in history will reshape who advises the world's families. Most incumbents …
Method
After-tax alpha: where tax-aware investing actually earns its keep
For a taxable family, the only return that matters is the one left after tax, yet most reporting still quotes the pre-tax …
Method
The AI boundary: why a number should never come from a language model
The most important design decision in AI-assisted advice is the one that says where the model must stop. Get the boundary right …
Markets
Private credit at scale: what a family should ask before they lend
Private credit has grown from a niche corner of finance into a core allocation worth nearly two trillion dollars. Before a family …
Markets
Private markets at $32 trillion: how families are reshaping allocation
Wealthy families have quietly become one of the most important sources of capital in private markets. The shift changes how a portfolio …
Compliance
Sustainable investing after the labels: SFDR and the family portfolio
Europe's sustainable investing rulebook is a disclosure regime, not a quality label, and a wave of fund reclassifications proved the difference. This …
Markets
Liquidity planning in a private-markets portfolio
An allocation to private markets is a commitment of time as much as capital. The families who do well are not the …