PGIM argues advisors should combine private equity, private credit and private real assets within a single flexible multi-asset allocation rather than static single-strategy exposures, citing diversification and historical return patterns. It also contends direct investment structures offer lower fees and greater transparency than fund-of-funds vehicles.
5 NOVEMBER 2026
Jimmy Buffett's estate, worth roughly $275 million, has become embroiled in litigation between widow Jane Buffett and co-trustee Richard Mozenter over trust control rather than inheritance. The case illustrates how unclear trustee governance, not asset distribution, often undermines even carefully constructed estate plans.
Janus Henderson argues decumulation is fundamentally different from accumulation and cannot be solved by a single product or pooled pathway. It proposes a modular, AI-orchestrated 'system' combining income, liquidity, growth and protection sleeves personalised to each retiree at scale.
4 NOVEMBER 2026
Principal Asset Management's Mike Reidy argues that "abandonment risk" — investors exiting retirement plans during market downturns — undermines long-term returns and heightens shortfall and longevity risks. He recommends behavioral nudges, auto-re-enrollment and professional guidance to keep savers invested through volatility.
Amundi Investment Institute researchers model a 'flex-to-fix' retirement decumulation strategy, letting retirees delay converting drawdown portfolios into annuities until a later date rather than choosing immediately between the two.
Neuberger Berman's Doug Kramer explains how tax-deferral strategies—tax-loss harvesting, ETFs, exchange funds, 351 exchanges—help investors manage concentrated, low-cost-basis stock positions while compounding wealth, amid rising IRS scrutiny.
Private credit default rates diverge widely because providers use different definitions—missed payments versus broader "shadow rate" stress measures like maturity extensions and PIK amendments. Advisors should understand these methodological differences before setting client expectations around private credit risk.
Edward Jones notes that historical S&P 500 returns under a Republican president and Democratic Congress appear weak, but are skewed by the 2008 financial crisis and 1970s oil embargo. It argues advisors should counter recency bias and political salience to keep clients focused on long-term plans.
Schroders' Samuel Bosanquet argues that internationally dispersed family wealth magnifies the complexity of death, incapacity and divorce, as jurisdictions treat inheritance, trusts and asset ownership differently. He recommends family manuals, governance charters and scenario planning to prepare for cross-border transitions before disputes arise.
