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On July 4th, Congress enacted the One Big Beautiful Bill Act (“OB3”), one of the most significant tax reform packages in recent history. OB3 introduces far-reaching changes that will impact income, estate, charitable, and business planning for years to come. Key highlights include: Estate, Gift & GST Tax Exemptions: Permanently increased to $15 million per […]
Read MoreGrowing uncertainty around the impact of tariffs, immigration, government spending, and the ongoing war in Ukraine is set to test what has been a very resilient US economy. Indeed, there have been signs of slowing in recent months, but it is to be expected given the lagged effects of monetary policy tightening. Following a strong […]
Read MoreThe global stock market rally continued in 2024 against a backdrop of continued global economic expansion and moderating inflation. Most asset categories exhibited positive calendar year returns, though the rise in Treasury bond yields and strong US dollar created a headwind in the fourth quarter. While the economic backdrop should remain supportive of corporate profits, […]
Read MoreTax Legislation With recent Republican victories in the U.S. presidential, Senate, and House races, significant tax policy changes are expected in 2025, particularly regarding provisions of the Tax Cuts and Jobs Act of 2017 (TCJA), many of which are scheduled to expire on December 31, 2025. While Republican control of both the House and Senate […]
Read MoreWe are reaching out with our latest market review and investment outlook commentary. The linked file includes a review of recent financial market results, our assessment of the macro backdrop, and an update on portfolio strategy. The piece also includes a discussion of the current level of concentration in the US equity market. Here’s an […]
Read MoreAfter the broad-based downturn in 2022, most asset categories rebounded in 2023 against a backdrop of continued economic expansion and moderating inflation. Global stock and bond markets experienced a strong year-end rally as the US Fed signaled a potential shift to monetary easing. Yet, positive surprises for the economy, disinflation, and Fed rate cuts may […]
Read MoreTax Legislation A politically divided Congress struggled to pass any form of meaningful legislation in 2023. There had been some discussion around extending or modifying certain expiring tax provisions of the Tax Cuts and Jobs Act (TCJA). Expiring TCJA provisions were not the only tax items gathering some movement. Congress had also been discussing multiple […]
Read MoreDespite some weakness thus far in August, the combination of continued global economic expansion with moderating inflation has provided a favorable backdrop for riskier assets thus far in 2023. So far, the economy and corporate profits have proved more resilient than the consensus expected. Despite an inverted yield curve and deteriorating leading economic indicators, the […]
Read MoreUltra-affluent families with excess capital often have dual goals of charitable giving and preserving wealth for future generations. The Charitable Lead Trust (“CLT”) is an ideal vehicle for accomplishing these competing objectives. Please click here to read more.
Read MoreRecent market concerns have centered on the banking crisis that began with Silicon Valley Bank, but attention has now turned to the debt situation of the United States Government. The US hit its $31.4 trillion debt limit on January 19, which means the government cannot technically issue any new debt, and lawmakers have yet to agree […]
Read MoreThe internet plays a huge role in just about every aspect of daily life, both at home and at the office. At Colony, we rely on technology for managing our business and communicating with you. You rely on technology when working with us, your business, and home management. We know you can feel exposed or […]
Read MoreTo state the obvious, it’s been an extremely difficult year for investors as markets digest higher inflation, rising interest rates, and geopolitical uncertainty. Both stocks and bonds have experienced broad declines while asset categories that benefit from higher inflation, such as commodities, have generated gains. As of the close on Friday, September 16, 2022, the […]
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