Elevate
Reese Veltenaar, Kent Mann, and Jerome You recently attended Elevate in Phoenix, hosted by Envestnet, the platform Acumen uses for portfolio management trading, reporting, and billing, and returned with several key takeaways:
• History shows discipline beats prediction. Long-term success is built on adhering to time-tested principles. The strongest advisor-client relationships are grounded in thoughtful financial planning which is why Acumen invests so much time in developing and maintaining plans for clients.
• The Great Wealth Transfer is underway. High-net-worth families should be preparing the next generation for financial responsibility. An estimated $62 trillion will pass to heirs by 2048.
• Behavioral biases can influence investment decisions, often leading investors to act emotionally rather than rationally. Biases like overconfidence, loss aversion, and herding can impair objective decision-making and long-term investment outcomes.
• Private markets matter. With 87% of U.S. companies with more than $100M in revenue remaining privately held, many investment opportunities exist beyond the public markets. Acumen helps clients access these opportunities when appropriate.
• Build portfolios that are resilient across multiple futures scenarios. Chasing themes (such as AI) without structure is how investors end up reliving the dotcom or real estate bubble.
The fundamentals of wealth management haven’t changed. It’s important to stick to thoughtful planning, disciplined execution, and a long-term perspective.