The Cost of Complex Wealth Structures

Complexity in wealth structures rarely arrives all at once. It accumulates: one holding company here, one trust there, an investment vehicle on this side, a real estate portfolio on the other, a custodian added when the previous relationship became difficult, a mandate carved out during a market dislocation that was never reviewed again. At a […]

Independence Is Not a Product. It is a Position

Every firm in wealth management describes itself as independent. The word has been stretched so thin it barely holds meaning anymore. What I mean when I say independent is simpler and harder. It means that my first obligation is to the person sitting across the table from me. Neither to a product, nor to a […]