Insights
Written first for our clients, then made public. Never daily, never automated, never composed by anyone other than a partner of the firm.
Investment March 2026 · 7 min read
For taxable accounts above $1M, direct indexing is no longer an academic argument. We walk through three years of after-tax returns from our own client portfolios — and where the technique stops adding value.
Tax Strategy January 2026 · 9 min read
QSBS may be the most generous tax provision in the code for founders — and the most easily forfeited. A practical checklist, written for principals contemplating an exit in the next twenty-four months.
Estate Planning October 2025 · 6 min read
With the federal lifetime exemption scheduled to be cut roughly in half, there is a small, time-bound planning window. Our partners outline three transfer strategies and the diligence each one demands.
Markets July 2025 · 8 min read
Our quarterly investment committee letter, lightly edited. A snapshot of our current asset allocation, where we trimmed, where we added, and the conversations we are having with our managers.
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We send the letter four times a year, by post, to clients and a small list of advisors and journalists.
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