Overview
Amid a turbulent election and geopolitical conflicts, equity markets have generated strong, if at times concentrated, returns this year on the back of a resilient economy and anticipation of lower interest rates. With market performance seeming to widen out, we believe now is a good time to review portfolios for diversification and return potential.
In this issue of Aspire, we provide our views on the markets and investing, consider the potential tax and other policy impacts of the election, and lay out some wealth planning ideas for the rest of the year. We also consider the positive impacts of philanthropy on personal well-being and ways to safeguard your digital information.
A key danger for investors is now concentration risk, as major equity indices have become heavily weighted toward mega-cap leaders.
Featured Articles
Aspire to... PLAN
Personal Taxes and the Election
The outcome of the impending U.S. election could have a major impact on your taxes and planning future.
The 2024 presidential election pitting former President Donald Trump against current Vice President Kamala Harris is a clash of world views, with perhaps no area reflecting more differences than tax policy. At a high level, Trump favors an extension of his 2017 tax cuts as a way to help drive economic prosperity while Harris seeks redistribution of the tax burden to support the middle class.
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Aspire to... TAKE ACTION
Key Planning Considerations Before Year-End
The coming months could provide a valuable window to assess portfolios and planning strategies.
The past year has been rewarding for many investors, but questions remain as to economic growth, equity valuations and the pace of central bank easing. Adding to uncertainty is the presidential election, which involves very different policy views as to taxes and other issues. With year-end approaching, we believe this is a vital time to assess portfolio positioning and planning strategies, and to consider taking action where appropriate prior to the arrival of 2025.
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Aspire to... ENGAGE
Election Roundtable: Trade, Taxes and Regulation
Despite stark differences, some policies and industry trends are likely to continue, regardless of who wins.
The current election cycle has been one of the most remarkable in memory, involving a criminal conviction and assassination attempts, as well as the late replacement of the sitting president in the campaign. In case anyone has forgotten, the contest also involves substantial policy differences across a range of areas.
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Aspire to…GIVE
Elevate Your Well-Being Through Philanthropy
The act of giving has been linked with increased happiness and long-term health—consider ways to build it into your family life.
While financial capital often serves as a pillar of a family’s wealth, the physical and mental health of its members is critical to its long-term cohesion, stability and productivity. In many cases, an individual’s illness or mental challenges can have ripple effects across the whole family and compromise its ability to thrive collectively.
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Aspire to... SAFEGUARD
Cybersecurity in Focus
Technology continues to heighten digital risks, but caution and common sense can go a long way toward protecting your information and accounts.
The headlines pop up almost daily. A bank, a retailer, a ticket reseller (or any number of other businesses) announces a data breach exposing the personal information of thousands, sometimes millions of people. It’s probably a safe assumption that all of us have been caught in a breach at one time or another.
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Our Team
More About Who We Are
We approach client partnership in a different way. With a sole focus on wealth management, we take the time to understand your values and vision, so we can tailor solutions aligned to your purpose and investment goals. Each advisor team brings the full depth and breadth of all NB Private Wealth has to offer.
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