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Insights and tools for founders and families navigating retirement, legacy, and philanthropy.

Explore exclusive articles, whitepapers, and tools crafted for founders and families exploring retirement transitions, legacy planning, and strategic philanthropy.

Tim Dillow

Nov 25, 2025

ANNUAL ECONOMIC OUTLOOK

2026 U.S. Economic Outlook

Tim Dillow

Oct 14, 2025

QUARTERLY REVIEW

Q3 2025 Review

Summary The economic outlook at the close of Q3 2025 is marked by significant fiscal and geopolitical uncertainty. The One, Big, Beautiful Bill (OBBBA) is projected to add $4.1–$5.5 trillion to the national debt, potentially pushing debt-to-GDP over 130%. Inflation is expected to rise to 3.0–3.5% by Q4 2025, driven by the current 15.8% effective tariff rate (the highest since the 1930s). Geopolitical conflicts in the Middle East are keeping a risk premium on oil, delaying the

Tim Dillow

Jun 30, 2025

Review of the OBBBB

The “Big Beautiful Bill” moves a long list of TCJA-era tax rules from temporary to (mostly) permanent and layers on targeted new opportunities and limits for both individuals and business owners. For affluent and ultrahighnetworth families—particularly those who built and still own operating companies—this is as much a legacy and exitplanning bill as it is an income tax bill. Below is DWM’s highlevel take on what matters most, and what to start planning for now. Summary Indiv

Tim Dillow

Feb 18, 2025

QUARTERLY OUTLOOK

Q1 2025 Outlook

The latest data suggest the U.S. may print a negative real GDP number in the first quarter, but that alone does not mean the economy is in recession. Are we already in a recession? Most traditional indicators still point to a slowing but growing economy, not a fullblown recession. A negative Q1 real GDP print—Atlanta Fed tracking has dipped into negative territory before—can happen even in the middle of an expansion, especially when data are distorted by weather, oneoff shock