Fed officials appear to be cautiously looking through the banking panic; Fed tightening expectations still need to adjust higher; February core PCE data will be the data highlight; Chicago PMI will be important too; Canada reports January GDP data; eurozone preliminary March CPI data came in mixed; markets have repriced the ECB tightening outlook upwards; Germany reported soft March unemployment and February retail sales data; U.K. reported Q4 current account and final Q4 GDP data; SARB delivered a hawkish surprise yesterday; Japan reported Tokyo March CPI; real sector data were mixed as labor market data came in soft; China reported official March PMI readings

In light of recent headlines, John Secor and Ajit George of our Corporate Advisory team look at cash management options for private business owners.

Fed Chair Powell is sticking with the Dot Plots; only minor data is on the schedule for today; Mexico is expected to hike rates 25 bp to 11.25%; Colombia is expected to hike rates 25 bp to 13.0%; eurozone preliminary March CPI data have started rolling out; ECB Executive Board member Elderson said inflation remains too high; Swiss National Bank policymakers speak later today; South Africa is expected to hike rates 25 bp to 7.5%; Australia Treasurer Chalmers said he will publicly release findings from the RBA review next month

Fed Vice Chair for Supervision Barr blamed SVB’s failure on its senior management; Bullard was the latest Fed official to draw the distinction between financial stability and price stability; Canada Finance Minister Freeland announced a budget that will boost deficits in the coming years; ECB officials continue to flag more hikes ahead; Germany reported April GfK consumer confidence; SNB policymakers speak later today; BOE released the results of its latest financial policy survey; Czech National Bank is expected to keep rates steady at 7.0%. ; new BOJ Deputy Governor Uchida suggested any policy changes would likely be surprises; Australia reported soft February CPI; Thailand hiked rates 25 bp to 1.75%, as expected

In this issue of Owner to Owner, we speak with the CEO of Red River Foods about owning the supply chain, assess pathways to joining (or not joining) the family business, and look at research on how wealth might influence happiness.

Michael Conti, Neriah Ray-Saunders, and Christine Hourihan provide an overview of the business environment on three fronts: the overall economy, the credit markets, and the private equity and mergers and acquisitions markets.

In the feature article of this issue of Owner to Owner, we speak with Dan Phipps, CEO of Red River Foods, about how the company has approached global expansion, what it takes to ensure the highest-quality products, and where he feels the most excitement in the food industry.

We sit down with Adriano Barilla of Barilla Pasta and Brandon Farmer of CSC Sugar for a look at the process of joining (or not joining) the family business through the lens of the next generation.

BBH Senior Wealth Planner Ross Bruch shares insights gleaned from research on how money – and in particular, wealth – might influence happiness.

The goal of the European Long-Term Investment Fund to provide much needed funding for small and mid-cap private companies has not been met yet, but a redesign could change that, write Holly Gardner and Adrian Whelan

Fed Vice Chair for Supervision Barr testifies before the Senate Banking Committee; Fed officials continue to view the banking crisis as a regulatory failure; survey readings for March will continue rolling out; BOC Deputy Governor Gravelle speaks; Brazil central bank minutes will be released; eports suggest ECB Executive Board member Schnabel pushed for the last policy statement to include explicit language regarding further rate hikes; France reported firm March business confidence; BOE Governor Bailey sounded a bit dovish; Hungary is expected to keep the base rate steady at 13.0%; Australia reported February retail sales data; reports suggest Australian banks are considering providing relief to homeowners that are struggling with mortgage payments; the RBA may be approaching the end of its tightening cycle

The key takeaway from last week’s central bank decisions is that banking sector stresses won’t derail the global fight against inflation; this seems to have been the correct approach; Fed expectations still need to adjust; key survey readings for March will continue rolling out; ECB officials are acknowledging some policy impact of the banking crisis; Germany reported its March IFO business climate survey; U.K. CBI reported its distributive trades survey for March; the shekel may come under renewed pressure as political tensions remain high in Israel; the RBA review may lead to a significant shakeup in its policymaking framework; meanwhile, markets are still looking for a pivot from the RBA

Here's a look at the main drivers in Developed Markets this week.

Here's a look at the main drivers in Emerging Markets this week.

Starting a transformation program can be daunting, but with the right formula organizations can deliver real business value.

Prenups are often portrayed in a negative light, but when approached the right way, they can be a practical way to make things a lot easier down the road, if a relationship doesn’t work out. Here’s what to know.

You’ve decided to join together in holy matrimony, but does that include joining your finances? BBH’s Next Gen newsletter The Fresh Take takes a closer look.

In our spring Next Gen Spotlight, Caroline Flores sits down with Allie Doppelt of Michael Doppelt Diamond Company to talk about leaving a corporate job to join the family business, and why buying a diamond is more like building a long-term relationship than just purchasing jewelry.

As the world watches the U.S. market plan for a T+1 cycle for securities settlement, other countries are assessing similar moves. BBH is working with clients to help them optimize their global operating models and support their readiness for this major industry shift.

Markets remain jittery after weekend developments; Fed tightening expectations have fallen ahead of the FOMC decision Wednesday; market easing expectations have run wild because the media blackout has precluded any Fed speakers BOC tightening expectations have also been dragged lower; markets are still digesting the announced deal for UBS to buy Credit Suisse for CHF3 bln; ECB tightening expectations have fallen significantly since last week’s decision; BOE tightening expectations have also fallen ahead of its decision Thursday; BOJ released its summary of opinions from the March 9-10 meeting; RBA Deputy Governor Kent said the nation’s banking system remains strong; Taiwan reported weak February export order

Here's a look at the main drivers in Developed Markets this week.

Here's a look at the main drivers in Emerging Markets this week.

The biggest banks in the U.S. agreed to deposit $30 bln with First Republic Bank in an effort to reassure depositors; banks borrowed a combined $164.8 bln from two Fed backstop facilities in the most recent week; Fed tightening expectations remain depressed; the labor market remains strong; the manufacturing sector continues to weaken; Michigan preliminary March consumer sentiment will be closely watched; ECB hiked rates 50 bp, as we expected; President Lagarde maintained s delicate balance in her press conference; Lagarde stressed that there is no trade-off between price and financial stability; the détente didn’t last long as ECB hawks went on the warpath; Russia kept rates steady at 7.5%, as expected; Japan-Korea traded tensions are easing; PBOC cut reserve requirements for commercial banks by 25 bp; Thai Prime Minister Prayuth dissolved parliament to set up general elections in May

Adrienne Penta, the executive director of the Center for Women & Wealth, explores 10 important strategies for raising children to be responsible stewards of wealth. It is never too late to start!

Markets have calmed but financial stability risks remain in play; Fed expectations have downshifted because of the SVB failure; February PPI surprised to the downside; retail sales data were mixed; regional Fed surveys for March will keep rolling out; the SNB finally committed to a full back stop of troubled Credit Suisse; the ECB decision today is going to be a close call; U.K. Chancellor Hunt announced an expansionary budget; BOE tightening expectations have evaporated; Japan reported January trade and core machine orders; recent data should keep the Bank of Japan on hold near-term; Australia reported firm February jobs data; New Zealand reported weak Q4 GDP data; Indonesia kept rates steady at 5.75%, as expected

It’s looking more and more like SVB is a rather unique situation; reports suggest the Fed is considering changes to its regulations regarding midsize banks; Moody’s downgraded the outlook for the entire U.S. banking system; Fed expectations have downshifted because of the SVB failure; CPI data yesterday underscore the need for further Fed tightening; PPI will be reported today; retail sales data will also be important; regional Fed surveys for March will start rolling out; reports suggest the ECB is still likely to hike the deposit rate 50 bp to 3.0% tomorrow; eurozone reported January IP; U.K. highlight will be the spring budget presentation; Sweden February CPI ran hot; minutes of the January 17-18 BOJ meeting were released; New Zealand reported a record current account deficit for Q4; China reported January-February IP and retail sales data

Markets are starting to see a measure of calm return; Fed tightening expectations remain lower because of the SVB failure; markets are flying blind in terms of how the FOMC views this current situation; the Fed said it is launching an internal probe of its supervision of SVB; February CPI data today may force markets to refocus on the economic fundamentals; German 2-year yield has been dragged lower; U.K. reported solid labor market data; BOE tightening expectations have fallen; Japan yields have been dragged lower by the global bond rally; RBA tightening expectations have also been impacted by SVB

John Secor, Ajit George, Kyle Gordon, and Carson Christus of our Corporate Advisory team outline five options for family business owners that are committed to formalizing a dividend policy.

Markets remain jittery as financial stability concerns remain at the forefront; Fed expectations have downshifted sharply in the wake of the SVB failure; ECB tightening expectations have fallen; HSBC will buy the U.K. arm of SVB for one pound; BOE tightening expectations have fallen nonetheless; Japan reported weak Q1 BSI business conditions

Here's a look at the main drivers in Developed Markets this week.

Here's a look at the main drivers in Emerging Markets this week.

U.S. bank stocks were pummeled yesterday; February jobs report will be the highlight and is a large piece of the overall Fed puzzle; Fed tightening expectations remain elevated but have come off the highs after the SVB news; Canada also reports jobs data; monthly U.K. data dump was mixed; BOE tightening expectations remain steady; Norway reported soft February CPI data; two-day BOJ meeting ended with no change; the risk of a hawkish surprise from the BOJ was the only thing propping up the yen in recent sessions; the China reopening trade continues to unravel

Fed Chair Powell stayed strictly on message; Fed Beige Book report painted a mixed picture; reports suggest Northwestern University Professor Janice Eberly has emerged as the frontrunner to succeed Lael Brainard as Fed Vice Chair; ADP and JOLTS added to the buoyant labor market outlook; BOC kept rates steady at 4.5%, as expected; Peru is expected to keep rates steady at 7.75%; divisions within the ECB have burst into the open; a more hawkish ECB is not necessarily a good thing for the euro; Kazuo Ueda is one step closer to becoming the next Governor of the BOJ; Japan final Q4 GDP data were revised weaker; China reported weak February CPI and PPI data; Bank Negara kept rates steady at 2.75%, as expected

Travis Dunn provides an overview of family business governance, including its definition and purpose, benefits, resource commitment, and steps to begin implementation.

Jim Tessmer, BBH’s Head of Digital Product Strategy, sits down with Dave Cowing of NovusNorth to discuss how BBH considers building digital experiences for clients.

Fed Chair Powell was unmistakably hawkish; Powell’s comments are especially powerful as they come just weeks ahead of the March 21-22 FOMC meeting; Fed Beige Book for the upcoming FOMC meeting will be released; ADP private sector jobs estimate will be today’s highlight; BOC is expected to keep rates steady at 4.5%; the eurozone stagnated in Q4; eurozone January readings came in mixed; BOE officials remain dovish; the yen continues to weaken ahead of the BOJ decision this Friday; January current account data are worth discussing; RBA Governor Lowe echoed the bank’s dovish hike; the move to a less hawkish stance by the RBA even as the Fed ratchets up its rhetoric points to widening monetary policy divergences

Industry specialists share what firms need to do to prepare for the adoption of a new messaging standard, as well as the downstream benefits and impacts.

BBH Managing Director Lewis Hart shares a three-pronged strategy for effectively managing your business’s liquidity during times of volatility and uncertainty.

For asset managers, ensuring that their distribution, the experience they give to their clients, and their product diversification are fit for operating in a new environment is critical. At the inaugural BBH Insights Exchange event, industry experts discussed challenges that firms may face and how they can adapt.

Here's a look at the main drivers in Developed Markets this week.

Here's a look at the main drivers in Emerging Markets this week.

Our Female Finance Firsts feature showcases the achievements of women who were pioneers in the finance and business fields.

U.S. yields continue to rise; Goolsbee seemed to downplay market reactions to new developments; ISM manufacturing PMI will be today’s data highlight; Canada GDP data came in soft; eurozone February CPI data continue to roll out; the split in ECB officials remains in place; final eurozone manufacturing February PMI readings were reported; Italy’s budget deficits for the past three years were revised significantly higher; senior DUP official was lukewarm about the proposed Brexit deal; BOE Governor Bailey sounded more hawkish than usual; BOJ officials remain cautious; Australia reported January CPI and Q4 GDP; China reported firm official February PMIs; reports suggest the recovery has caught policymakers by surprise; Korea reported February trade data

Global yields are rising as the fight against inflation proves difficult; Fed Governor Jefferson rejected the idea of raising the inflation target; Chicago PMI will be the data highlight; regional Fed surveys for February will continue rolling out; Canada reports Q4 and December GDP data; eurozone February CPI data have so far surprised to the upside; ECB tightening expectations are drifting higher; U.K. and E.U. finally reached a deal on the Norther Ireland Protocols but there is absolutely nothing to get bullish about; Hungary is expected to keep the base rate steady at 13.0%; confirmation hearings for the BOJ Deputy Governors nominations suggest policy continuity; expected BOJ liftoff is not imminent; Japan reported January IP, retail sales, and housing starts; Australia reported solid economic data

U.S. yields continue to rise; Fed tightening expectations remain elevated; regional Fed surveys for February will continue rolling out; ECB President Lagarde continues to tread the middle ground; ECB tightening expectations are drifting higher; BOJ Governor-elect Ueda had his second confirmation hearing today; reports suggest five major Japanese power companies will be forced to delay plans to hike prices until May or later

Here's a look at the main drivers in Developed Markets this week.

Here's a look at the main drivers in Emerging Markets this week.

Adrienne Penta, executive director of the Center for Women & Wealth, and Ben Persofsky, executive director of the Center for Family Business, sit down to explore their insights on how family businesses can be inclusive in developing future leaders.

January PPI will be today’s highlight; January retail sales data were red hot; U.S. financial conditions continue to loosen; Fed manufacturing surveys for February continue rolling out; CBO warned that the U.S. government could be at risk of a default as soon as July; ECB doves are getting more vocal; top adviser to the EU Court of Justice rendered an opinion on CHF-denominated mortgage loans that is very negative for Polish banks; Japan reported January trade data and December core machine orders; Australia reported soft January jobs data; Philippines hiked rates 50 bp to 6.0%, as expected; Indonesia kept rates steady at 5.75%, as expected

January CPI data suggests the fight against inflation is nowhere near over; Fed officials sounded hawkish yesterday; January retail sales data today will give us a read on the real economy; Fed Vice Chair Brainard will indeed head up the NEC; regional Fed manufacturing surveys for February start rolling out; Canada reports some minor data; political risk remain high in Brazil; eurozone reported weak December IP and trade data; the U.K. reported soft January inflation data; Scottish political uncertainty has risen with the shock resignation of First Minister Nicola Sturgeon; RBA Governor Lowe pushed back against recent criticism; the IEA boosted its forecasts for global oil demand due to China reopening

In 2023’s first FX quarterly, strategists examine the Fed’s pivot and China’s reopening. Here is a synopsis of what is included in this quarter’s outlook.

In this issue of InvestorView, we discuss our outlook for the markets and economy in 2023, explore how to guide trustees to ensure that trust distributions are rooted in purpose, and look at how to manage cognitive bias.

In the feature article of this issue of InvestorView, BBH Chief Investment Strategist Scott Clemons covers our outlook for the markets and economy in 2023. He considers the state of play as we embark on the 23rd year of this century and discusses what we’re watching as the year progresses.

Adrienne Penta, executive director of the BBH Center for Women & Wealth, and Nicole Jackson Leslie, senior wealth planner, explore how a donor can guide a trustee, even after a trust has been created, to help ensure the trust is used to support and perpetuate a family’s core values for generations to come.

BBH Senior Wealth Planner Ross Bruch looks at investment-related biases and offers solutions to help recognize and minimize their negative effects.

Portfolio Manager, Nicholas Haffenreffer, discusses how the U.S. Large Cap Equity portfolio companies performed over the most recent month-end.

Municipal bonds have never been renowned for their liquidity, even in normal market environments. But these liquidity challenges also help provide opportunities, especially during periods of heightened volatility.

BBH’s global securities lending team shares its demand predictions

BBH Private Banking Chief Investment Officer Suzanne Brenner and Deputy Chief Investment Officer Justin Reed review the markets and provide an update on our current portfolio positioning and priorities.

Markets should take heed of recent signs that global inflation may not have peaked yet; indeed, we continue to believe markets are underestimating the Fed; there are no Fed speakers nor U.S. data today; eurozone countries reported mixed data; ECB officials remain hawkish; BOJ survey showed a deteriorating outlook for households; BOJ tightening expectations remain elevated; Australia November CPI ran hot; Australia also reported firm November retail sales

BBH Senior Wealth Planners Ali Hutchinson and Stacia Kroetz outline the importance of having a flexible estate plan. The future is unknowable, but centering your plan on your values and communicating regularly with your fiduciary and your family will set your family on the path to success.

December jobs report will be the highlight; many indicators suggest the U.S. labor market remains firm; we will also get December ISM services PMI; Fed messaging remains hawkish; we continue to believe markets are underestimating the Fed; the U.S. House remains without a speaker; Canada also reports jobs data; December eurozone inflation data was decidedly mixed; ECB tightening expectations have fallen; Germany reported November retail sales and factory orders; U.K. reported weak December construction PMI; BOE tightening expectations have risen again; Japan reported weak November labor cash earnings; reports suggest the BOJ sees little need to make another adjustment to YCC; the market continues to test the BOJ’s commitment to YCC; report suggest China will soon roll back existing restrictions on property developers

Senior Wealth Planner Ali Hutchinson breaks down several estate planning techniques for individuals who have maxed out their available gift tax exemptions, as well as techniques that can be used to enhance gifts that have already been made and trusts that are already in place.

Alison Hutchinson and Melineh Ounanian outline some ideas for how trust beneficiaries can learn more about their roles and responsibilities.

Many have questions about the financial and tax ramifications of the decision to get married. We discuss the potential benefits and drawbacks to a legal marriage from that perspective.

Managing Director Brett Sovine discusses section 6166 of the Internal Revenue Code, which in certain situations permits the executor of an estate to defer federal estate tax on a closely held business following an owner’s death.

Portfolio Manager, Gregory Steier, provides an analysis of the investment environment and most recent quarter-end results of the Municipal Fixed Income strategy.

Portfolio Manager, Gregory Steier, provides an analysis of the investment environment and most recent quarter-end results of the Municipal Fixed Income strategy.

Portfolio Manager, Nicholas Haffenreffer provides the most recent quarter-end results of the US Large Cap Equity Strategy.

Co-Portfolio Managers, Andrew Hofer, Neil Hohmann, and Paul Kunz provide the most recent quarter-end results of the Multisector Fixed Income Strategy.

Portfolio Manager, Nicholas Haffenreffer, discusses how the U.S. Large Cap Equity portfolio companies performed over the most recent quarter-end.

Co-Portfolio Managers, Andrew Hofer, Neil Hohmann and Paul Kunz provide an analysis of the investment environment and most recent quarter-end results of the Taxable Fixed Income Strategy.

Portfolio Managers, James Evans & Jorge Aseff, provide an analysis of the investment environment and most recent quarter-end results of the Inflation-Indexed Fixed Income strategy.

Portfolio Managers, Neil Hohmann, Chris Ling, and Andrew Hofer provide the most recent quarter-end results of the Structured Fixed Income strategy.

Portfolio Managers, Neil Hohmann, Chris Ling and Andrew Hofer provide an analysis of the investment environment and most recent quarter-end results of the Structured Fixed Income strategy.

Co-Portfolio Managers, Andrew Hofer, Neil Hohmann and Paul Kunz, provide the most recent quarter-end results of the Core Plus Fixed Income Strategy.

Participants in our latest webinar heard that to retain and attract investors, it is critical that a manager aligns its people, policies and procedures to support its ESG principles.

Do you want to be more philanthropic but have no idea where to begin? Getting started with philanthropy can be daunting at first, but adding structure to your approach can help you feel less overwhelmed and allow you to create a roadmap.

In our winter Next Gen Spotlight, Mackenzie Dowling sits down with Christina Pardy, founder and CEO of Sh*t That I Knit, to talk about turning your side hustle into a full-time job and giving back to others all at the same time.

Private Client Associate Mary Burton is part of our Next Generation Experience team in Charlotte, North Carolina. Here, she discusses her experience in making philanthropy part of her life and shares insights from other BBHers about how they do the same.

The two-day FOMC meeting ends today; financial conditions are the loosest since mid-August; we believe the current Fed narrative remains too dovish; new forecasts will be released; November CPI data were certainly welcome but really shouldn’t impact today’s decision; Brazil President-elect Lula is testing the market’s patience; reports suggest the ECB’s updated inflation forecasts will remain above target through 2025; U.K. reported softer November CPI data; Sweden November CPI is still running hot; Japan reported weak October core machine orders; the Q4 Tankan survey was mixed; reports suggest the BOJ is open to a policy review next year; New Zealand reported Q3 current account data; the New Zealand government issued new macro forecasts; reports suggest China will proceed with its key economic policy meeting tomorrow

Portfolio Manager, Nicholas Haffenreffer, discusses how the U.S. Large Cap Equity portfolio companies performed over the most recent month-end.

Ellen Perry, Ali Hutchinson and Laura Salibello lay out five questions to ask during the holidays to spark discussion around the dinner table and provide tips for how to approach these conversations.

We review why a charitable mission is important and provide guidance on how to approach crafting a mission statement that enables you to take philanthropy beyond just “being charitable” or “giving back.”

We discuss the ways in which the worlds of investing and philanthropy are becoming more integrated and the importance of cross-generational conversations around this topic. Article written by Kaitlin Barbour.

We outline key year-end opportunities as it relates to gifting, income tax planning, retirement planning, and planning in a high interest rate environment, as well as provide a year-end checklist based on your goals.

In this issue of Owner to Owner, we speak with the team behind Peay Vineyards, share a strategy for managing your business’s liquidity during times of uncertainty, and look at fostering resilience in the workplace.

Michael Conti, Neriah Ray-Saunders, and Christine Hourihan provide an overview of the economy, credit markets, and private equity and mergers and acquisitions markets.

In the feature article of this issue of Owner to Owner, we sit down with the team behind Peay Vineyards – Vanessa Wong, Nick Peay, and Andy Peay – to discuss what drove their interest in wine, how they approach winegrowing and winemaking, and how they differentiate themselves in a competitive industry.

BBH Senior Wealth Planner Ross Bruch explores the two ways businesses and other organizations can create a resilient staff: growing resilience within an organization’s existing workforce and hiring candidates that demonstrate resilient character traits.

The future of financial services is a story of two races: a race to automate for scale and resiliency, and a race to attract the best human capital. Winning strategies recognize that success needs both.

Head of Philanthropic Advisory Kerri Mast examines four reasons why people give to charity other than tax benefits – which research has shown are typically not the primary driver of charitable giving.

What’s needed before a region with 41 trading exchanges and 31 settlement infrastructures can consider a shorter settlement cycle?

Taxable municipal bonds offer an excellent way to diversify broader taxable portfolios through high-quality, durable credits that frequently offer higher yields than comparably rated corporate debt.

Senior Wealth Planner Kerri Mast discusses developments regarding the extent to which trusts are protected from creditors in the event of divorce.

U.S. yields continue to move higher; the jobs report is the highlight; October ISM services PMI came in soft; Canada highlight is also jobs data; BOE hiked rates 75 bp to 3.0% but the forward guidance was very dovish; BOE tightening expectations need to adjust; final October eurozone services and composite PMI readings were firmer; Germany reported weak September factory orders; ECB tightening expectations have been pared back; RBA released its Statement on Monetary Policy; reports suggest China is working on a plan to halt its Covid airline restrictions

Relationship Manager Laura Salibello discusses how breaking down a pay statement into six simple steps can help parents explain taxes to their children.

The two-day FOMC meeting ends today and another 75 bp hike is expected; ADP reports its private sector jobs estimate; October ISM manufacturing PMI was better than expected; Brazil President Bolsonaro finally spoke to the nation yesterday; BOE QT began yesterday without a hitch; BOE is expected to hike rates 75 bp to 3.0% tomorrow; final eurozone October PMI manufacturing readings came in soft; Germany reported September trade and October unemployment data; ECB officials remain hawkish; exit polls suggest the Likud party and its allies won a solid majority in the Israeli Knesset; minutes from the September BOJ meeting tilted dovish; markets are repricing RBA tightening expectations; New Zealand reported firm Q3 labor market data; Korea reported October CPI

Senior Wealth Planner Ross Bruch examines the role buy-sell agreements can play in helping family businesses plan for intrafamily succession.

Portfolio Manager, Nicholas Haffenreffer, discusses how the U.S. Large Cap Equity portfolio companies performed over the most recent month-end.

BBH Private Banking Chief Investment Officer Suzanne Brenner and Deputy Chief Investment Officer Justin Reed review the markets and provide an update on our current portfolio positioning and priorities.

We discuss factors that come into play when investing for endowments and foundations.

The U.K.’s Long Term Asset Fund initiative could be a strategic solution for pension schemes amid future volatility.

In this issue of Women & Wealth Magazine, we explore how to develop leaders in family businesses, examine how to make hybrid work successful for everyone and look at how we can foster motivation in those we love.

Adrienne Penta, executive director of the Center for Women & Wealth, and Ben Persofsky, executive director of the Center for Family Business, share insights gleaned from recent BBH research on how family businesses can be inclusive in developing future leaders.

In this issue’s “By the Numbers,” we look at the significant impact of family-owned businesses in the world and their communities, as well as how they are measuring up on diversity and inclusion.

Brigid Schulte, best-selling author and director at the Better Life Lab at New America, shares a data-driven toolkit for managers and leaders as we all navigate an uncharted new era of work.

Deputy Chief Investment Officer Justin Reed discusses market timing. He explores its allure and pitfalls, stressing our belief that the adoption of a value-oriented, bottom-up investment approach, along with a long-term investment horizon and prudent rebalancing plan, is a far more compelling investment strategy.

Senior Wealth Planner Ross Bruch discusses the many different types of motivation and what role “flow” plays in keeping us interested and engaged in life.

In “Five Questions,” we speak with Meghan Juday, chairman of IDEAL Industries, about leading the board as a fourth-generation family member, how she hopes to help other women succeed in similar roles and what she sees as the most important leadership quality.

As an outlier in a world of rising interest rates, and as investment behaviour evolves, Japan offers a growing opportunity to Western asset managers eyeing the ¥2,023 trillion* household savings market. BBH’s Japan team shares how they can best access that opportunity.

As the world watches the U.S. market plan for a T+1 cycle for securities settlement, others are assessing similar moves. BBH sets out the main process areas in the securities trade lifecycle that will be impacted by shorter settlement cycles and what you need to do now to prepare.

Wealth Planner Peter Moshang covers considerations for those looking to help family members buy a home.

BBH Relationship Manager Laura Salibello and Associate Maddy Pellow provide financial tips for making the transition out of college more manageable.