Infrastructure is attracting renewed interest as shifts in technology, government policy and inflation expectations reshape the opportunity set. Michael Zeuner, managing partner, and Matt Farrell, deputy CIO of WE Family Offices, examine how investments tied to real assets like energy networks, transportation and data centers can fit into a broader…

In this flash episode of The Wealth Enterprise Briefing, WE Family Office's Michael Zeuner, managing partner, and Sam Sudame, senior investment manager, examine how sweeping new tariffs are reshaping the U.S. economic outlook and financial markets. Their conversation provides a clear assessment of the potential shift from strong fundamentals to a s…

How should investors think about private market commitments amid persistent inflation, policy uncertainty and a “higher for longer” interest rate environment? In this episode of The Wealth Enterprise Briefing, Michael Zeuner, managing partner, and Matt Farrell, deputy CIO of WE Family Offices, discuss what long-term investors should keep in mind as…

How can investors interpret public bond market signals to understand economic growth, inflation and market conditions? In the latest episode of The Wealth Enterprise Briefing, Michael Zeuner and Sam Sudame of WE Family Offices analyze the 10-year Treasury yield and its role in shaping expectations for inflation and growth. They discuss the disconne…

In this flash episode of The Wealth Enterprise Briefing, WE Family Office's Michael Zeuner, managing partner, and Sam Sudame, senior investment manager, discuss how recent tariff policies are affecting the U.S. economy and financial markets. Their conversation provides a clear perspective on economic trends, market reactions and what investors shou…

How should investors adjust their expectations as market conditions evolve? In this episode of The Wealth Enterprise Briefing, Michael Zeuner, managing partner and Deputy CIO Matt Farrell of WE Family Offices, break down the role of capital market assumptions in portfolio construction and what the latest projections mean for investors in 2025. Key …

In the latest episode of The Wealth Enterprise Briefing, Michael Zeuner, managing partner, and Matt Farrell, Deputy CIO of WE Family Offices, address a challenge many investors face: how investors can approach decision-making during periods of uncertainty about the future. They explore how the Investment Policy Statement (IPS) acts as a guiding fra…

In the latest episode of The Wealth Enterprise Briefing, Michael Zeuner and Sam Sudame of WE Family Offices discuss recent changes in interest rates and how these shifts could impact investors. With rising bond yields and shifting guidance from the Federal Reserve, the conversation explores how these adjustments may shape portfolio strategies in th…

In the latest episode of The Wealth Enterprise Briefing, Michael Zeuner and Sam Sudame of WE Family Offices explore how political instability and new fiscal policies may create divergent outlooks between U.S. and non-U.S. markets. They also discuss opportunities in real assets, particularly in infrastructure, as inflationary pressures persist. Disc…

In the latest episode of The Wealth Enterprise Briefing, Michael Zeuner and Sam Sudame of WE Family Offices discuss how the shift from 2024's Goldilocks economy—a period of balanced growth and stability—to a potentially reflationary government in 2025. This change, driven by new administration policies, may bring both opportunities and challenges f…

Michael Zeuner and Sam Sudame of WE Family Offices discuss 2024's economic developments and share their 2025 outlook on portfolio strategies and market trends in the latest episode of The Wealth Enterprise Briefing. They examine how the Federal Reserve's policies, the persistence of a strong job market and shifts in savings and consumption patterns…

In the latest episode of The Wealth Enterprise Briefing, WE Family Offices' Michael Zeuner and Sam Sudame examine the U.S. economy’s strong fundamentals as it enters a new economic cycle. They explore what these developments mean for investors and how market dynamics are shaping opportunities. Highlights from their discussion include: Caution with …

In the latest episode of The Wealth Enterprise Briefing, WE Family Offices’ Michael Zeuner and Sam Sudame discuss insights from WE’s newly released Q3 macro update, providing an overview of current economic conditions and essential macro factors shaping the outlook. They highlight the resilience of the U.S. economy despite fluctuations in interest …

In the most recent episode of The Wealth Enterprise Briefing, WE Family Offices’ Michael Zeuner and Matt Farrell explored the process of evaluating investment managers during periods of underperformance. They discussed the importance of assessing managers based on both market context and strategy alignment, underscoring the need for a balanced pers…

As interest rates potentially come down, driven by the Federal Reserve, the landscape for investors is shifting. In this episode of The Wealth Enterprise Briefing, managing partner Michael Zeuner and senior investment manager Sam Sudame continue their series on the implications of a steeper yield curve, discussing how it could impact equity investo…

For the past few years, short-term bonds and money market instruments have offered investors attractive returns, typically without requiring substantial exposure to interest rate risk. However, as the yield curve normalizes, the short end of the curve may no longer represent the most strategic opportunity. In the latest episode of The Wealth Enterp…

In this episode of The Wealth Enterprise Briefing, Michael Zeuner, managing partner at WE Family Offices, and Sam Sudame, senior investment manager, discuss the Federal Reserve's decision to reduce interest rates by 50 basis points. During the conversation, they analyze the reasoning behind this decision and its comprehensive impact on the U.S. eco…

In this episode of The Wealth Enterprise Briefing, Michael Zeuner, managing partner at WE Family Offices, is joined by Matt Farrell, senior investment manager, to explore how private investors can gain better insights into their portfolios by looking beyond traditional metrics like Internal Rate of Return (IRR) and Net Asset Value (NAV). Key points…

In this episode of The Wealth Enterprise Briefing, Michael Zeuner, managing partner at WE Family Offices, and Sam Sudame, senior investment manager, examine the impact of interest rates on global capital markets and asset valuations in depth. They discuss why market participants closely watch the Federal Reserve's every move and the anticipation of…

In the latest episode of The Wealth Enterprise Briefing, Michael Zeuner, Managing Partner at WE Family Offices, discusses with Joseph Kellogg, Partner and Head of Wealth Planning, the intricacies of the newly implemented Corporate Transparency Act (CTA) and its far-reaching implications for both U.S. and international families. Key points explored …

In this flash episode of The Wealth Enterprise Briefing, Michael Zeuner, managing partner at WE Family Offices, and Sam Sudame, senior investment manager, dissect recent market turbulence and its implications for informed investors. Their discussion cuts through the noise to focus on long-standing investment principles and economic realities. Key t…

In the latest episode of The Wealth Enterprise Briefing, Michael Zeuner, managing partner at WE Family Offices, is joined by Sam Sudame, global head of macro, to discuss asset allocation guidance for the second quarter. Their conversation focuses on the current economic landscape, market trends and strategic investment approaches in light of recent…

In this episode of The Wealth Enterprise Briefing, Michael Zeuner, managing partner at WE Family Offices, is joined by Matt Farrell, head of investments, to discuss current challenges and opportunities within the private markets amidst recent economic conditions. Their discussion covers the impact of valuation declines, liquidity issues and the ext…

The ever-changing landscape of macroeconomic data plays a pivotal role in shaping investment strategies. With the Federal Reserve's data dependency and shifting trends in inflation and economic growth, it's crucial for investors to stay informed about these developments. Understanding how these macroeconomic factors influence capital markets can pr…

In this episode of The Wealth Enterprise Briefing, WE Family Offices Managing Partner Michael Zeuner and Senior Investment Manager Matt Farrell continue a previous discussion about the effects of prolonged higher interest rates on private investment markets, this time examining the opportunities presented. Michael and Matt explore where the current…

In this new episode of The Wealth Enterprise Briefing, WE Family Offices Managing Partner Michael Zeuner and Senior Investment Manager Matt Farrell discuss an issue increasingly relevant to investors: the effect of prolonged higher interest rates on private investment markets. Key topics Michael and Matt address include: · The impact of higher inte…

While our past discussions have focused on forward-looking strategies in private markets amidst current capital market conditions, in our latest episode of The Wealth Enterprise Briefing, WE Family Offices Managing Partner Michael Zeuner and Senior Investment Manager Matt Farrell, CAIA®, take a reflective turn. Michael and Matt analyze the performa…

In the latest episode of The Wealth Enterprise Briefing, we discuss the nuanced interplay between short-term sentiment and long-term fundamentals in shaping market activity. Join host Michael Zeuner, managing partner and Sam Sudame, senior investment manager, to dissect the recent market turbulence in April and offer strategic insights for investor…

While the U.S. has averted any kind of serious recession and slow down, there are a few lingering areas of concern. On a previous episode of The Wealth Enterprise Briefing, we discussed concerns in the commercial real estate space, and in our latest episode, WE Family Offices Managing Partner Michael Zeuner and Senior Investment Manager Matt Farrel…

Recent years have seen rolling recessions influenced by Fed monetary policy, but signs now point to a more defined cycle, with positive markers like growing leading economic indicators and renewed consumer confidence – a departure from traditional boom-and-bust patterns. In our latest episode of The Wealth Enterprise Briefing, Michael Zeuner, manag…

During this episode of The Wealth Enterprise Briefing podcast, we continue the conversation about investing in India and take a closer look at the potential risks and rewards. Managing Partner Michael Zeuner and Senior Investment Manager Sam Sudame of WE Family Offices discuss India's economic landscape, address concerns about high valuations and i…

In our latest episode of The Wealth Enterprise Briefing, we are exploring an important question that has been top of mind for many investors – How attractive are the investment opportunities in India, and how do they compare to those in China? Join WE Family Offices Managing Partner Michael Zeuner and Senior Investment Manager Sam Sudame as they ex…

While the U.S. economy seems to be headed for a soft landing, potentially avoiding a significant recession, economic trouble may still be brewing. In our latest episode of The Wealth Enterprise Briefing, WE Family Offices Managing Partner Michael Zeuner and Senior Investment Manager Matt Farrell, CAIA, explore commercial real estate, which has been…

During this episode of The Wealth Enterprise Briefing, WE Family Office’s Managing Partner Michael Zeuner and Partner and Wealth Planning Executive Joseph Kellogg, LL.M. (Tax), CFP®, TEP, address the pressing topic of wealth taxes. Together, they offer a thorough overview of the dynamics related to wealth taxation, covering both federal and state l…

Amidst the evolving geopolitical landscape, understanding its impact on investment strategies becomes essential for deciding on a successful investment approach. In the latest episode of The Wealth Enterprise Briefing podcast, WE Family Offices Managing Partner Michael Zeuner and Senior Investment Manager Sam Sudame, CFA, CAIA, CFP, discuss the int…

During this episode of The Wealth Enterprise Briefing podcast, WE Family Offices Managing Partner Michael Zeuner and Senior Investment Manager Sam Sudame, CFA®, CAIA®, CFP®, provide a comprehensive overview of critical macro themes facing investors as we enter 2024 after exiting a turbulent 2023. Key topics addressed during this episode include: Q4…

During this episode of The Wealth Enterprise Briefing podcast, WE Family Offices’ Managing Partner Michael Zeuner and Senior Investment Manager Matt Farrell, CAIA, kick off the year by examining the private markets. They specifically explore potential opportunities and challenges in private credit, secondaries, real estate and commodities, providin…

The recent record-breaking rally in the equity market has led many investors to believe that the Federal Reserve has successfully orchestrated a soft landing, signaling a green light for entry into a prosperous new economic cycle. However, amid this optimism, nuanced data points paint a different picture, casting a cautionary yellow glow on the see…

Following an extended period of rapid rate increases, investors are now observing indications that the Federal Reserve might pivot its monetary policy and initiate interest rate cuts sooner than originally anticipated. In this installment of The Wealth Enterprise Briefing podcast, WE Family Offices Managing Partner Michael Zeuner and Director of Ma…

Amidst the backdrop of a prolonged period of elevated interest rates, it comes as no surprise that the U.S. bond market and the global macro economy are experiencing substantial impacts. However, another asset class is also facing the effects of the current environment: private equity. During this installment of The Wealth Enterprise Briefing podca…

During this installment of The Wealth Enterprise Briefing podcast, WE Family Offices Managing Partner Michael Zeuner and Director of Macro Strategy Sam Sudame, CFA, CAIA, CFP, take a deep dive into the intriguing dynamics at play within the bond market. Departing from historical norms, the Federal Reserve policy, traditionally the main driver of th…

Following a comprehensive overview of the markets, WE Family Offices Managing Partner Michael Zeuner, returns with Director of Macro Strategy Sam Sudame, CFA, CAIA, CFP, for this episode of The Wealth Enterprise Briefing podcast to explore how the economy has fared throughout 2023 and what may lie ahead for 2024. This episode covers a wide range of…

During this installment of The Wealth Enterprise Briefing podcast, WE Family Offices' Managing Partner Michael Zeuner and Senior Investment Manager Matt Farrell, CAIA, provide a comprehensive overview of market performance over the past three quarters and offer insights into what investors can expect, as we head into the final quarter of 2023. Key …

There is an emerging movement within the stock market known as "fad investing," which you may want to avoid incorporating into your portfolio. Fad investing involves purchasing stocks solely based on the current trend or activity, without considering the genuine outlook of the company issuing the stock or the substantial factors driving the trend. …

China, the world’s second-largest economy, is facing a severe economic slowdown with growing concerns in the real estate sector. While the slowdown first looked to be an opportunity in a market with great promise, the mounting issues have some investors feeling wary. In this episode of The Wealth Enterprise Briefing, WE Family Offices' Managing Par…

In a recent installment of The Wealth Enterprise Briefing, we discuss the fundamentals of hedge funds and the role this private asset class can play in portfolios. Continuing our special hedge fund series, WE Family Offices' managing partner, Michael Zeuner, and senior investment manager, Matt Farrell, CAIA, explore how rate hike policies of worldw…

In a recent installment of The Wealth Enterprise Briefing, we explored the new window of opportunity that has opened within fixed income. Now, for this special podcast episode, WE Family Offices' managing partner, Michael Zeuner, and director of macro strategy, Sam Sudame, CFA, CAIA, CFP, return to delve even deeper into the promising areas within …

2023 has been a challenging year for venture capital, not only for companies trying to raise capital, but also for their investors. During this installment of The Wealth Enterprise Briefing podcast, WE Family Offices' Managing Partner Michael Zeuner and Senior Investment Manager Matt Farrell, CAIA, sit down for a discussion about what family office…

Within the equity market, green shoots are emerging that indicate the door may be opening to expand portfolio allocation toward this asset class – but not yet. Instead, statistics, macroeconomic factors and recent actions and comments from the Federal Reserve are indicating that now is finally the time to focus on fixed income. During this installm…

In the latest episode of The Wealth Enterprise Briefing, WE Family Offices' Managing Partner, Michael Zeuner, and Senior Investment Manager, Matt Farrell, CAIA, explore the role hedge funds can play in portfolios and how they differ from traditional funds. Specifically, this podcast episode addresses the following questions: What is the role of hed…