Insights
Perspective on wealth, structure and the decisions families face across generations.
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How can a fund be up 80% this year while most of its investors are down 67%?
Read more: How can a fund be up 80% this year while most of its investors are down 67%?The fund’s gains were earned on a few hundred million dollars. The losses fell on more than $20 billion, and that gap is where investor returns disappear.
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The Good, the Bad and the Ugly of Compounding
Read more: The Good, the Bad and the Ugly of CompoundingA modest return left alone does most of the work. Fees and taxes compound in the same direction, deciding how much of that return a family keeps.
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If Cathie Wood were a doctor, would you still take her advice?
Read more: If Cathie Wood were a doctor, would you still take her advice?ARKK returned 153% in 2020. Over the five years to June 2026 it lost 38% while the Nasdaq-100 returned 114%. Somebody is always right for a while.
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Rockefeller and Vanderbilt: Two Fortunes, Two Very Different Legacies
Read more: Rockefeller and Vanderbilt: Two Fortunes, Two Very Different LegaciesNot one of the 120 Vanderbilt descendants at the 1973 reunion was a millionaire. The Rockefeller legacy endures. The difference was structure, not luck.
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A Family Office is not simply a wealth manager for richer people
Read more: A Family Office is not simply a wealth manager for richer peopleA wealth manager builds a portfolio. A family office works from the whole balance sheet, and takes on succession, governance and the next generation.
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If something here raises a question about your own arrangements, we are glad to talk.
Every family we work with started with a conversation rather than a proposal. There is no obligation and nothing to prepare.