More fund managers are using many third parties to distribute their funds. In this audio series, BBH’s Head of Distribution Intelligence, Killian Lonergan, shares insights on how to navigate the complex ecosystem and joins industry specialists to take a closer look at the key areas of concern.

Investing in private markets is an important component of many client portfolios. We provide advice on how to construct a prudently sized private markets portfolio with adequate diversification.

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

CW&W Executive Director Adrienne Penta and BBH Relationship Manager Beth Milkovits explore the complexity of teaching the value of digital currency in a time where we increasingly store and spend money online and in the cloud.

Fed easing expectations continue to cool; regional Fed surveys for May will continue rolling out; weekly claims data will be important; ECB officials remain concerned about core inflation; BOE Governor Bailey said its balance sheet would not return to its pre-GFC levels; BOE tightening expectations have picked up; Japan reported soft April trade data; Australia reported soft April jobs data; Treasury forecasts New Zealand will avoid a recession

Some progress appears to have been made in debt ceiling talks yesterday; Fed officials are starting to hint at no pause; April retail sales data were mixed; Canada reported mixed April CPI data; ECB officials remain split; BOE Governor Bailey is starting to sound a little more hawkish; Japan reported firm Q1 GDP data; yuan weakness continues

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

The debt ceiling drama continues ahead of a planned meeting today; Fed officials continue to beat the hawkish drum; the data highlight will be April retail sales; Canada reports April CPI; Germany ZEW survey for May came in soft; the U.K. reported mixed labor market data; RBA released the minutes of its May 2 meeting; China reported soft April IP and retail sales

BBH presents its 2023 Private Business Owner Survey, which was conducted to see how owners are addressing current economic conditions, future succession planning, and family communication dynamics. Read the results.

Fed easing expectations continue to run high; regional Fed surveys for May started rolling out; Canada reports April CPI; eurozone reported soft March IP; Sweden reported soft April CPI data; Turkey will hold a runoff vote for the presidency; PBOC kept its key 1-year MLF rate steady at 2.75%, as expected; the final outcome of the Thai elections is not yet known

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.

Regional bank stocks remain under pressure; the Fed’s weekly H.4.1 report continues to suggest banking sector concerns are overblown; the weekly H.8 report today will be another piece of the puzzle; PPI data came in a tad softer than expected; weekly claims suggest some softening in the labor market; BOE hiked rates 25 bp to 4.5%, as expected; Governor Bailey laid the groundwork for a pause; the monthly U.K. data dump began; ECB hawks are trying to regain control of the narrative; Turkey and Turkey go to the polls this Sunday

Adrienne Penta, the executive director of the BBH Center for Women & Wealth, and Alison Hutchinson, a senior wealth planner, focus on the topic of families, wealth and communication, discussing the guiding principles that we believe help families create life-affirming, enduring, effective wealth plans.

Inflation data will remain in focus with PPI; Fed easing expectation are still running high; Peru is expected to keep rates steady at 7.75%; the BOE is expected to hike rates 25 bp to 4.5%; the decision comes ahead of the monthly U.K. data dump tomorrow; the ECB hawks remain vocal; the account of the April 27-28 BOJ meeting was released; March current account data are worth discussing; China reported soft April CPI and PPI data; China also reported weak April new loan data

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.

The budget ceiling standoff continues; April CPI will be the highlight; Fed easing expectations are starting to get pared back; Fed officials remain focused on credit conditions; Italy reported weak March IP; ECB officials appear to be tilting less hawkish; Norway April CPI ran hot; Poland is expected to keep rates steady at 6.75%; HKD is trading at the strongest level since late February

The debt ceiling drama is set to come into focus; Fed easing expectations remain in place; the Fed released its quarterly Senior Loan Officer Survey and its semiannual Financial Stability Report; Mexico reports April CPI; ECB hawks remain vocal; minutes from the April Riksbank meeting tilted hawkish; Japan reported soft March cash earnings and household spending; BOJ tightening expectations are still running high, however; Australia sees solid fiscal numbers in its annual budget forecasts; China reported soft April trade data; China launched a crackdown on local consulting firms after passing new counter-espionage legislation last month

The tax benefits for investing in or founding certain startup businesses can be incredible. Not all investors or founders can take advantage of these benefits, but for those who can, millions of dollars of tax can be saved – and with proper planning, potentially even more.

Learn how BBH thinks about building digital services and experiences for clients.

Markets are still digesting last week’s developments; the Fed releases its Senior Loan Officer Survey and its Financial Stability Report; the Fed’s weekly H.8 report Friday provided another piece of the puzzle; Chile’s Constitutional Council swung hard to the right; Germany reported weak March IP; ECB tightening expectations have fallen a bit; minutes of the March 9-10 BOJ meeting were released; Australia is likely to post solid fiscal numbers in its fiscal blueprint tomorrow; Taiwan reported April trade data

We review the reasons that we prefer and recommend concentrated and actively managed investment strategies.

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 Fed’s weekly H.4.1 report suggests banking sector concerns are overblown; yet Fed easing expectations remain elevated; jobs data will be the highlight; Canada highlight will be April jobs data too; BOC Governor Macklem sounded a bit more dovish; ECB hiked rates 25 bp, as expected; March eurozone retail sales came in weak; Germany reported weak March factory orders; early results show the U.K. Tories doing poorly in local council elections; Switzerland reported April CPI data; RBA released it Statement on Monetary Policy with updated macro forecasts

Markets are still digesting the Fed decision; after doing his best to avoid acknowledging a pause, Chair Powell ended the press conference by doing so; Fed easing expectations shot higher as a result; the Fed’s weekly H.4.1 report will be closely watched; ADP reported a strong private sector jobs estimate; Canada reports March trade data and April Ivey PMI; Brazil COPOM delivered a dovish hold; the ECB is expected to hike rates 25 bp; eurozone and U.K. reported final April services and composite PMI readings; Germany reported weak March trade data; Norges Bank hiked rates 25 bp to 3.25%, as expected; Australia reported firm March trade data; Caixin reported soft manufacturing PMI; the commodity complex continues to sink

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

Regional bank stocks have come under pressure again despite the resolution of First Republic; the two-day FOMC meeting ends today and we still expect a 25 bp hike; ADP reports its private sector jobs estimate; April ISM services PMI will also be important; Brazil is expected to keep rates steady at 13.75%; eurozone credit conditions have tightened; ECB bank lending survey comes just days before the ECB is expected to hike rates another 25 bp; Turkey reported April CPI; Czech National Bank is expected to keep rates steady at 7.0%; RBA Governor Lowe explained the hawkish surprise; Australia reported firm data; New Zealand reported firm Q1 labor market data; RBNZ published its financial stability report, Malaysia delivered a hawkish surprise and hiked rates 25 bp to 3.0% vs. an expected hold; it seems that, like DM, interest rates in EM will also be higher for longer

We discuss upstream gifting, an increasingly popular estate planning technique that involves making gifts up the family tree, rather than downstream.

BBH’s Denise Mak and David Weibe explain how the transfer agent, as a natural extension of the asset manager’s operating model, can facilitate an investor experience that is key to enabling growth.

The RBA sent a message that should reverberate across global markets; the two-day FOMC meeting begins today and ends tomorrow with a likely 25 bp hike; reports suggest President Biden is considering promoting Fed Governor Jefferson to Vice Chair and naming Adriana Kugler to fill his open seat; special accounting maneuvers to keep the government running could be exhausted as soon as June 1; March JOLTS job openings will be the first in a string of labor market readings this week; Colombia central bank releases its quarterly inflation report; April eurozone CPI data were reported; data come ahead of the ECB decision Thursday when it is expected to hike rates 25 bp; final eurozone and U.K. April manufacturing PMI readings were reported; Germany reported weak March retail sales; RBA delivered a hawkish surprise and hiked rates 25 bp to 3.85% vs. an expected hold; AUD jumped on the surprise but we'd fade this bounce; Korea reported April CPI

In this piece, we focus on the Developed Markets monetary policy outlook, and will focus on Emerging Markets in a subsequent piece.

We finally have some closure on First Republic; the deal clears the deck for global monetary tightening to continue unabated; April ISM manufacturing PMI reading will be the highlight; Fitch cut France’s rating by a notch to AA- with stable outlook; the BOJ is optimistic about wage growth; Australia reported final April manufacturing PMI ahead of RBA meeting tomorrow; Korea reported weak April trade data

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.

March PCE data will be the highlight; Q1 ECI will command more attention than usual; April Chicago PMI will also be closely watched; we got our first look at Q1 GDP; Colombia is expected to hike rates 25 bp to 13.25%.; eurozone April CPI data started trickling out; ECB tightening expectations have eased a bit; eurozone Q1 GDP data were also reported; BOJ meeting ended with no change in policy settings; April Tokyo CPI data ran hot; the labor market appears to be softening; March retail sales, IP, and housing starts were also reported; Australia reported March private sector credit and Q1 PPI; China reports official April PMI readings Sunday local time

Reports suggest U.S. bank regulators are considering a downgrade of their assessments of First Republic; House Republicans passed their debt ceiling bill by a narrow 217-215 vote; we get our first look at Q1 GDP; regional Fed surveys for April will continue to roll out; BOC released the summary of its March deliberations; political risk has picked up in Colombia; EU fiscal policy is back in the spotlight; this dredges up the age-old north/south creditor/debtor divides; ECB tightening expectations have steadied ahead of next week’s decision; Turkey is expected to keep rates steady at 8.5%; two-day BOJ meeting started today; Singapore announced tax hikes on property purchases; oil prices have filled the gap created by the surprise OPEC+ supply cut at the start of this month

In this issue of Women & Wealth Magazine, we feature a group of inspiring women business owners and leaders to watch in 2023 and look at the next generation of women business owners, estate planning for blended families, and time affluence.

In this issue’s feature article, we highlight an inspiring group of women business owners and leaders and share their insights as they anticipate the opportunities and challenges of 2023.

In this issue’s infographic, we look at the state of women business owners and the next generation of women entrepreneurs – why they are starting businesses and how they are doing.

BBH Wealth Planner Michael Shapiro provides a primer on estate planning for blended families and considerations for couples who are remarrying to create blended families.

BBH Senior Wealth Planner Ross Bruch explores “time affluence” – a term that refers to the idea that, like money, time can be saved, spent, and wasted. He addresses wealth’s impact on time affluence, how to cultivate it, and how to avoid “time poverty,” which can lead to a lack of mindfulness and cognitive overload.

In “Five Questions,” we speak with Christina Pardy, founder of Sh*t That I Knit, about what led her to start the company, what it takes to be competitive in the sustainable clothing space, and how she navigates challenges.

Travis Dunn provides an overview of family business advisory boards and discusses their benefits, composition, and steps for getting started.

The U.S. House of Representatives could vote on Speaker McCarthy’s debt ceiling bill today; Fed tightening expectations have eased a bit; regional Fed surveys for April continue to come in soft; minor data will be reported today; BOC releases the summary of its March deliberations; Germany reported firm May GfK consumer confidence; ECB tightening expectations have steadied; Riksbank hiked rates 50 bp to 3.5%, as expected; Hungary delivered a dovish hold; Australia reported soft March and Q1 CPI data; the AUD technical picture is not good; mainland equity markets have given back the entirety of the post-reopening rally

Risk off impulses are picking up; no wonder the Swiss franc continues to outperform; yet the major central banks pared back emergency dollar funding settings; troubled regional bank First Republic held its earnings call after the close yesterday and it wasn’t pretty; March Chicago Fed National Activity Index is worth discussing; ECB officials remain hawkish; U.K. reported March public sector net borrowing data; BOE Deputy Governor Broadbent defended the bank’s policies; Hungary is expected to keep the base rate steady at 13.0%; BOJ Governor Ueda signaled no imminent change in monetary policy as he appeared before parliament; Korea reported Q1 GDP data; iron ore prices continue to sink

Alison Hutchinson and Melineh Ounanian discuss the fundamentals an individual must follow in order to be a good trustee when the trust owns business interests.

We discuss tax planning for the terminally ill or elderly, covering the basic necessities and more advanced techniques around death-bed tax planning.

We have entered the quiet period for the Fed ahead of the May 2-3 FOMC meeting; March Chicago Fed National Activity Index will be important; regional Fed surveys for April will continue to roll out; Mexico reports mid-April CPI; Germany reported mixed IFO business climate readings for April; ECB officials stressed that increased volatility in inflation and growth are making policymaking more difficult; Japan’s ruling LDP nearly swept the weekend by-elections; Singapore reported March CPI; Taiwan reported soft March IP

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.

Fed officials are sounding a bit more cautious; S&P Global preliminary April PMI readings will be a data highlight; regional Fed business surveys for April have been mixed so far; Canada reports February retail sales data; ECB policymakers sound more cautious; eurozone reported preliminary April PMI readings; U.K. Deputy Prime Minister Dominic Raab has resigned; U.K. reported soft March retail sales data and mixed preliminary April PMI readings; Japan reported March national CPI and preliminary April PMI readings; Australia reported preliminary April PMI readings; Korea reported soft trade data for the first 20 days of April

BBH Wealth Planner Peter Moshang discusses the permanent extension of the IRA charitable rollover, focusing on the benefits it provides philanthropic individuals in their charitable gift planning.

Fed officials are acknowledging the potential impact of the banking sector turmoil; the Fed Beige Book for the May 2-3 FOMC meeting was released and supports a 25 bp hike next month whilst leaving the door open for further tightening if needed; regional Fed business surveys for April will continue rolling out; weekly jobless claims will be important; ECB releases the account of its March 16 meeting; ECB hawks remain vocal; outgoing BOE MPC member Tenreyro speaks today; reports suggest the BOJ is unlikely to tweak YCC so soon after the banking sector turmoil; Japan reported March trade data; the results of the RBA review came in pretty much as expected; New Zealand reported Q1 CPI data; Taiwan reported weak March export orders

U.S. yields continue to rise; Fed Beige Book for the May 2-3 FOMC meeting will be the highlight; Fed officials remain hawkish; BOC Governor Macklem testified before Parliament; ECB Chief Economist Lane is ready to hike rates in May; U.K. March CPI data continue to run hot; BOE tightening expectations have risen significantly; HKMA continues to defend the HKD peg

Co-Chief Investment Officer Suzanne Brenner covers steps we take when rebalancing our clients’ portfolios.

U.S. yields continue to rise; Fed tightening expectations have picked up bit; regional Fed business surveys for April started rolling out; House Speaker McCarthy yesterday proposed a one-year debt ceiling increase in return for a series of budget concessions; Canada reports March CPI; Germany reported a mixed April ZEW survey; U.K. reported mixed labor market data; reports suggest Japanese insurer Fukoku Mutual Life Insurance plans to sell all of its hedged foreign debt holdings; RBA minutes were released; China reported Q1 GDP and March IP and retail sales data; Indonesia kept rates steady at 5.75%, as expected

Ricky Ellis, Head of BBH FX Sales EMEA, assesses the impact of U.S. T+1 on the FX market and key considerations for asset managers.

The dollar is finally getting some traction; Fed tightening expectations have picked up bit; regional Fed business surveys for April will start rolling out; some ECB hawks are softening their tone; reports suggest the BOE is considering an overhaul of its deposit guarantees as a result of the recent banking sector turmoil; Bank of Israel releases its minutes; there has been increasing chatter about possible early elections in Japan; any potential for early elections would likely keep the BOJ on hold; PBOC kept its key 1-year MLF rate steady at 2.75%, as expected

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.

March retail sales will be the highlight; March inflation data sent a mixed message; weekly jobless claims are worth discussing; reports suggest House Speaker McCarthy will propose a plan next week that would suspend the debt ceiling for a year in return for strict limits on spending; ECB hawks remain vocal; ECB tightening expectations have edged higher; outgoing Bank of England MPC member Tenreyro speaks later today; Sweden reported softer March CPI data; Egypt central bank Governor Abdalla sounded dovish; Monetary Authority of Singapore kept policy steady

BBH Senior Advisor Ellen Perry discusses the complexities surrounding a liquidity event and covers ways to make the transition more successful.

Fed officials continue to view banking system strains as separate from monetary policy; Fed tightening expectations remain depressed; Brazil reports March IPCA inflation; eurozone reported weak February retail sales; reports suggest U.K. Prime Minister Sunak is planning to announce tax cuts and wage hikes ahead of the elections; Norway reported March CPI data; new BOJ Governor Ueda signaled continuity in policy; Japan reported weak March machine tool orders; China reported March CPI, PPI, and new loan data; Taiwan reported March CPI and trade data; Korea kept rates steady at 3.5%, as expected

Co-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.

The impacts of shortened settlement cycles in the U.S. are critical to asset managers and banks globally. What can you do now to prepare for the change?

Last Friday’s jobs data supports our view that while the U.S. economy is slowing, it remains pretty, pretty, pretty good; this week brings CPI Wednesday, PPI Thursday, and retail sales Friday Fed tightening expectations remain depressed; Turkey reported February current account data; BOJ Governor Ueda will give his first press conference shortly after taking up his post over the weekend; February current account data are worth discussing; China held several military drills around Taiwan over the weekend

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.

Fed officials continue to look through the banking crisis; Fed tightening expectations remain depressed; March jobs report will be the highlight; Canada reported solid March jobs data yesterday; National Bank of Poland releases minutes of the March 8 policy meeting; Turkey central bank announced more measures to help support the lira; Japan reported February labor cash earnings; outgoing BOJ Governor Kuroda gave his last press conference before his term ends this weekend

Weak data have pushed U.S. yields lower; ADP reported its private sector jobs estimate; March ISM services PMI disappointed; Fed tightening expectations continue to fall; Canada highlight will be March jobs data; ECB Chief Economist Lane flagged the risk of further rate hikes; Germany reported firm February IP; RBA released its semi-annual Financial Stability Review; Australia reported weak February trade data; Caixin reported firm March services and composite PMI readings; India delivered a dovish surprise and kept rates steady at 6.5% vs. an expected 25 bp hike

Drew Lichter, vice president of corporate strategy and development at Mobius Risk Group, discusses the advantages of using financial instruments and market strategies to hedge against commodity price risk.

Patience is a hallmark of our investment process. Read on for a refresher on delayed delivery bonds, their mechanics and how we evaluate them.

Fed officials continue to talk about higher rates; yet Fed tightening expectations continue to fall; ADP reports its private sector jobs estimate; February JOLTS job openings suggest some softening of the labor market; March ISM services PMI readings will be closely watched; Mexico reports March CPI; eurozone reported final March services and composite PMIs; Germany reported strong February factory orders; some ECB officials are softening their outlooks; Poland is expected to keep rates steady at 6.75%; there has been growing chatter by former Japan officials about reviewing YCC; recent data should keep the Bank of Japan on hold for now; RBA Governor Lowe was very dovish; RBNZ delivered a hawkish surprise and hiked rates 50 bp to 5.25% vs. 25 bp expected; industrial commodity prices are little changed from China reopening

Fed officials have another thing to worry about; Fed tightening expectations still need to adjust higher; February JOLTS job openings will be the data highlight; March ISM manufacturing PMI came in soft; Chile is expected to keep rates steady at 11.25%; the ECB split remains; Germany reported firm February trade data; the sterling rally continues; Sweden’s largest pension fund Alecta announced a shakeup in its equities division; RBA kept rates steady at 3.60%, as expected; RBNZ meets tomorrow and is expected to hike rates 25 bp to 5.0%; HKMA intervened in the FX market for the first time in nearly two months; Korea reported mixed March CPI data

A look at a decade of evolution and product innovation in ETFs, and how investors are selecting and utilizing the expanding ETF toolkit to meet market shifts.

Another weekend passed and there were no more bank failures; the need for global central banks to maintain hawkish stances is likely to be cemented by the OPEC+ decision to cut oil output; Fed tightening expectations still need to adjust higher; ISM March manufacturing PMI will be the data highlight; BOC publishes its Q1 business outlook survey; eurozone final March PMI readings were reported; BOE Chief Economist Pill stressed that policy remains data dependent; Switzerland reported soft March CPI data; Israel is expected to hike rates 25 bp to 4.5%; BOJ Q1 Tankan survey came in soft; Caixin reported a soft March manufacturing PMI reading

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.

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, Andrew Hofer, Neil Hohmann, and Paul Kunz, provide an analysis of the investment environment and most recent quarter-end results of the BBH Core Plus Fixed Income strategy.

Co-Portfolio Managers, James Evans, CFA, and Jorge Aseff, Ph D, provide the most recent quarter-end results of the Inflation-Indexed 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.

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

Portfolio Managers, Andrew Hofer, Neil Hohmann, and Paul Kunz, provide an analysis of the investment environment and most recent quarter-end results of the BBH Limited Duration 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 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.

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

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

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

Co-Portfolio Managers, Andrew Hofer, Neil Hohmann, and Paul Kunz, provide the most recent quarter-end results of the Limited Duration 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.

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