Summit Trail Advisors

The record-high lifetime estate and gift tax exemption amount is scheduled to expire at the end of 2025. If you have generational wealth and want to take advantage of the current tax laws to secure your financial legacy, the time to start planning is now. Listen to our Head of Planning Services Alex Shapses explain the implications of the potential upcoming tax law changes. ___________________ Readers are advised not to act upon this information without seeking the service of a professional accountant. Any U.S. federal tax advice contained in this post is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law.

We are thrilled to welcome our latest advisory team to Summit Trail Advisors. Brought together at BNP Paribas/Bank of the West, the team managed over $3 billion in client assets. This seasoned team brings broad expertise in guiding ultra-high net worth clients with generational wealth and helping them achieve their financial goals. The team has worked together over the past five years to dramatically grow their UHNW business across the US, and they are excited to continue to serve their clients with a full suite of solutions at Summit Trail. With this addition, we are reinforcing our commitment to expand nationally in key markets as we open new offices in Denver, Colorado and Portland, Oregon.   Please join us in welcoming Ali Homayounfar, David Hultman CIMA®,CWS®, Danielle Louton, Matthew Marsh, CFP® CIMA®, Shima Salehi, Roberto Homar CIMA® CEPA®, Dimitre Ivanov, Inanama Locsin, Tony Morel and Tannaz Sanandaj. https://lnkd.in/eq39zZ2C

As the sports market expands and athlete compensation rapidly grows, financial management for pro athletes remains a niche field. Peter Lee, Summit Trail Partner and Advisor, recently shared with Nikkei the nuances of advising our athlete clients and how we guide them through investment opportunities after turning pro. Read the full article here: https://lnkd.in/eNRgbUWb

As family offices look beyond public markets for returns and are turning to niche strategies for tax advantages, our Head of Planning Services Alex Shapses shares with Crain Currency how private placement options are becoming increasingly popular among sophisticated investors. To read the full article, please visit here: https://bit.ly/4dAtVZO

Given the low levels of initial jobless claims and continued momentum of economic growth, our CIO David Romhilt shares why he believes the chances for a near-term recession in the US are unlikely and what the latest economic data tells us about the current economic trajectory.

As we recognize #EarthDay this week, let’s explore how climate has been shaping the insurance industry. The property insurance crisis, stemming from increasing severity and frequency of natural disasters, has been building for years and risks destabilizing the US economy. For our clients who are concerned about #climatechange, we are developing enhancements to our investment process that we believe will help us improve portfolio resilience from adverse climate-related shocks and identify managers who can find opportunity during this transition period.

Last week, our Harrisburg team hosted an event to kick off the Penn State Health Children’s Week, a week dedicated to lifting up families in need. Jonathan Williams and Brady Barnes were delighted to bring together clients, local executives, and business leaders to spotlight this important cause and support the Children's Miracle Network Hershey fundraiser to raise money for the Patient Assistance Endowment. 

As women have become more prominent in the world of #philanthropy, there has been an evolution in the role and purpose of charitable giving. Sarah Silverio, CFA shares her perspectives with Crain Currency on how philanthropy has created opportunities for women to align their giving with their values.   To read the full article, please visit here: https://lnkd.in/gkixDXMY

When advisors are on the move, what motivates them and what are they looking for in a firm? Tom Palecek led an insightful panel “Building a Firm that Advisors Wants to Join” that addressed these questions at the Barron's Advisor Independent Summit.  #BAIndependent #wealthmanagement Photography: LILA PHOTO

Earlier this month, Summit Trail’s Head of Investments Seth Katz spoke about our strategy on curated #privateequity portfolios for clients, and unpacked the latest trends and opportunities in private equity markets at the HANDLER THAYER, LLP Family Office Private Capital Forum. ____________________ This communication is for your private and confidential use only, and not intended for broad usage or dissemination. An investment in any Private Investment Fund or Limited Partnership involves significant risks and is suitable only for those persons who can bear the economic risk of the loss of their entire investment and who have limited need for liquidity in their investment. Each prospective Limited Partner should carefully review the Funds' Confidential Private Placement Memorandum and Limited Partnership Agreements before investing. The information provided on behalf of the Private Investment Fund or Limited Partnership is not intended to constitute as a solicitation of an offer.