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This Independent Thinking® issue explores the implications of the growing U.S. deficit and the evolving debate around Modern Monetary Theory (MMT) for investors. It discusses how persistent low interest rates and strong private sector demand are allowing the government to finance large deficits with little immediate consequence, while also highlighting the risks of wealth concentration and potential long-term impacts.
The journal examines the practicalities and pitfalls of value investing in today's markets and new opportunities for tax-advantaged investing through Qualified Opportunity Zones. It also addresses timely wealth planning topics, including the acceleration of gifting strategies, the financial considerations of relocating to lower-tax states like Florida, and the complexities of dividing assets in later-life divorce.
Investment and Wealth Management services are provided by Evercore Wealth Management, LLC an investment advisor registered with the U.S. Securities and Exchange Commission (the "SEC") under the Investment Advisers Act of 1940. Registration with the SEC does not imply a certain level of skill or training. Trust and custody services are provided by Evercore Trust Company, N.A. a national trust bank regulated by the Office of the Comptroller of the Currency.
Client retention rate is based on data from 06/30/24 – 06/30/25. Assets under management are as of 06/30/25
