Investment Insights

Small businesses have been cautious for some time. What does a change in sentiment mean for the economy?

The 2025 edition of our 10-Year Capital Market Assumptions (CMAs) offers our projections for asset class returns, volatilities and correlations over the next decade. This yearly exercise helps in shaping the design of our investors’ long-term portfolios.

Once considered adjuncts to the traditional allocations of stocks, real estate and bonds, private market investments have emerged as central to the mission of the modern family office. Long pioneers in alternative investing, family investors today stand at the forefront of key trends including private credit and direct investments.

Investors generally aim to see their investments grow and preserve their wealth over the long term. However, taxes can significantly impact investment returns and delay achieving your goals.