The Wealth Enterprise Briefing

Initial public offerings are back in the news. Between the recent SpaceX offering and several high-profile, venture-backed companies preparing to list, investors are paying close attention to the public markets again after a quiet multi-year stretch. In this episode of The Wealth Enterprise Briefing , Michael Zeuner and Deputy CIO Matt Farrell use the renewed interest in IPOs to explain how ventur...

What helps some families preserve wealth across generations while others struggle to maintain it? According to Mel Lagomasino, Managing Partner at WE Family Offices, successful multi-generational families tend to share three characteristics: a clear set of family values, a disciplined approach to managing wealth and an intentional process for preparing future leaders. Drawing on more than four dec...

For most of the past 15 years, the case for investing outside the U.S. was a difficult one to make. American equity markets, driven by technology and the mega-cap boom, outperformed international developed markets by a wide margin. But something has been shifting, and the question now is whether it represents a durable change or a temporary detour. In the latest episode of The Wealth Enterprise Br...

When global equity markets are up 10% YTD, the temptation is to read that as a broadly shared outcome, but it's not. Beneath the headline figure, individual markets are moving in sharply different directions, driven by forces that have almost nothing in common with one another. In the latest episode of The Wealth Enterprise Briefing , Managing Partner Michael Zeuner and Senior Investment Manager S...

Hedge funds carry a mixed reputation among investors. Concerns about fees, tax implications and limited liquidity are real considerations. But so is the value they can add in the right portfolio for the right investor. In the latest episode of The Wealth Enterprise Briefing , Managing Partner Michael Zeuner , Deputy CIO Matt Farrell , and Investment Associate Andre Westin examine how specific hedg...

For the past several weeks, global markets have been gripped by the uncertainty surrounding the conflict in the Middle East. But with a temporary ceasefire underway and negotiations begun, the picture is starting to shift. Equity markets have staged a powerful rally, and interest rates have pulled back as fears of a prolonged energy shock begin to ease. In the latest episode of The Wealth Enterpri...

For much of the past 15 years, emerging markets (EM) equities have been a difficult place to invest, marked by significant risk and limited returns relative to U.S. equities. But last year, EM outperformed U.S. equities by its largest margin in years.  In the latest episode of The Wealth Enterprise Briefing , Managing Partner Michael Zeuner and Global Head of Macro Sam Sudame examine whether that...

When the conflict with Iran first escalated, markets reacted with fear and uncertainty. A month later, the nature of the shock has changed. What began as a volatility event is evolving into an inflation event, and the data is starting to reflect this. In this follow-up flash episode of The Wealth Enterprise Briefing , Managing Partner Michael Zeuner is again joined by Senior Investment Manager Sam...

Private credit has faced a wave of negative headlines recently, touching on fraud concerns, software sector risk and questions about how these vehicles handle redemptions. For investors with existing allocations, it has been easy to wonder whether something more fundamental is shifting. In this episode of The Wealth Enterprise Briefing , Michael Zeuner and Deputy CIO Matt Farrell examine what is a...

Geopolitical events can move markets quickly, and the conflict with Iran is no exception. Within a single week, oil prices rose roughly 50%, the U.S. dollar posted its strongest move in over a year and investors began asking whether the macro backdrop that has shaped portfolio positioning coming into 2026 had fundamentally changed. In this flash edpisode of The Wealth Enterprise Briefing , Managin...

Commercial real estate has had a tough stretch. As interest rates rose quickly starting in 2022, transactions slowed, pricing became harder to pin down and many investors put new equity commitments on pause while the market worked through a reset.  In this episode of The Wealth Enterprise Briefing , Michael Zeuner and Deputy CIO Matt Farrell discuss what drove that slowdown, why the opportunity se...

Entering 2026, the market is bracing for a shift. While the consensus expects inflation to cool, the fundamentals suggest a different path: inflationary growth.    In the second half of the conversation on The Wealth Enterprise Briefing , Managing Partner Michael Zeuner and Global Head of Macro Sam Sudame move beyond sentiment to discuss how this "stubborn" inflationary environment should reshape...

Private market investors have been feeling the effects of slower exits and fewer distribution events, particularly in venture. That strain has made it harder for families to keep commitment pacing steady, even when their long-term conviction has not changed. In this episode of The Wealth Enterprise Briefing , Managing Partner Michael Zeuner sat down with Deputy CIO Matt Farrell to discuss what man...

As 2026 begins, families are weighing two forces at the same time. The economic data still looks constructive, while headlines and geopolitical uncertainty can make the market feel less steady day to day. In Part 1 of this two-part episode of The Wealth Enterprise Briefing , Managing Partner Michael Zeuner and Global Head of Macro Sam Sudame talk about how WE separates fundamentals from sentiment,...

Questions about a possible market bubble have resurfaced this year, driven by rapid gains in AI-related companies and concerns about whether valuations can keep pace with expectations. Families are asking whether today's environment resembles earlier periods of exuberance and what that might mean for long-term positioning. In a previous episode of The Wealth Enterprise Briefing , Managing Partner...

Questions about a possible market bubble have resurfaced this year, driven by rapid gains in AI-related companies and concerns about whether valuations can keep pace with expectations. Families are asking whether today's environment resembles earlier periods of exuberance and what that might mean for long-term positioning. In this episode of The Wealth Enterprise Briefing , Managing Partner Michae...

Bond markets have moved through several phases this year: early optimism, tariff-driven concern, rate cuts from the Federal Reserve and now a renewed bout of volatility. For investors trying to understand what the 10-year Treasury is signaling, the past few weeks have brought important developments. In the latest episode of The Wealth Enterprise Briefing , Managing Partner Michael Zeuner speaks wi...

Private credit continues to attract attention as investors look for yield in a shifting rate environment. But behind the strong inflows, recent bankruptcies have raised questions about due diligence, loan structures and manager discipline. In this episode of The Wealth Enterprise Briefing , Managing Partner Michael Zeuner talks with Deputy CIO Matt Farrell about what recent events reveal about the...

Following a series of investment committee meetings, WE Family Offices shares its latest perspectives on asset allocation and how investors might think about positioning as market conditions evolve. In this episode of The Wealth Enterprise Briefing , Michael Zeuner is joined by Sam Sudame and Matt Farrell to discuss how shifts in policy, earnings and valuations are influencing opportunities across...

The Federal Reserve's decision to lower rates has set a new tone for the capital markets, influencing everything from liquidity and valuations to the broader economic outlook. In the latest episode of The Wealth Enterprise Briefing , WE Family Office's Michael Zeuner and Sam Sudame discuss what the Fed's shift means for investors and how factors like AI spending, resilient growth and improving tra...

The Federal Reserve lowered rates, raising important questions about the balance between inflation risks and continued economic growth. In this episode of The Wealth Enterprise Briefing , Michael Zeuner is joined by Sam Sudame to discuss what the Fed's decision could mean for interest rates, equity markets and long-term investment planning. They consider why the Fed acted despite resilient growth...

After several years of unusually high returns in money markets and short-term instruments, the environment for fixed income is shifting. In this episode of The Wealth Enterprise Briefing , Michael Zeuner is joined by Sam Sudame and Matt Farrell for a discussion on how investors should be thinking about fixed income portfolios in today's market. They look at the macro drivers shaping the yield curv...

Private credit has experienced explosive growth in recent years, attracting significant attention from investors and financial professionals alike. But with rapid expansion comes new risks and challenges. In this episode of The Wealth Enterprise Briefing , Managing Partner Michael Zeuner sits down with Deputy CIO Matt Farrell to examine the current state of private credit, including the warning si...

Economic headlines have been mixed all year, but recently, the tone of the data has shifted. In this episode of The Wealth Enterprise Briefing, Michael Zeuner is joined by Sam Sudame to revisit the macroeconomic picture and unpack what's showing up in both soft and hard data as of late summer 2025. They discuss the delayed impact of tariff policy, why recent inflation spikes are especially importa...

After several years of growing attention, the secondary private equity market is in a new phase, one defined less by dislocation and more by competition. In this episode of The Wealth Enterprise Briefing, Michael Zeuner , managing partner, sits down with Deputy CIO Matt Farrell to examine what's changed in 2025 and how families should evaluate current opportunities more selectively. They break dow...