Insights
Financial Planning
The Ultimate Guide to Equity Compensation (RSUs, ISOs, NSOs, ESPPs)
A clear guide to equity compensation - RSUs, ISOs, NSOs, and ESPPs - covering vesting, taxes, and the planning moves that maximize value while avoiding common mistakes.
Market Commentary
2Q26 Letter: A New Chapter
The launch of Telos Partners marks an exciting new chapter for our firm. We also review the resilient U.S. economy, the AI investment boom, and why disciplined asset allocation remains the foundation of long-term investing.
Market Commentary
3Q25 Letter: Markets Rally, AI in Focus
The third quarter surprised many investors, with a risk-on rally that extended the momentum from May and June.
Market Commentary
2026 Outlook Letter
As we look ahead to 2026, we believe fiscal and monetary policy may be among the most important forces shaping markets over the coming year - both in terms of opportunity and risk.
Investment Outlook
On Bitcoin, Risk, and Portfolio Allocation
Now that the SEC has approved spot Bitcoin ETFs, wealth managers can hold Bitcoin alongside traditional securities - but should they?
Tax Strategy
Your Guide to Backdoor and Mega Backdoor Roth Conversions
How high-earning professionals can move past Roth IRA income limits using backdoor and mega backdoor conversions, plus the tax rules and pitfalls to watch.
Tax Strategy
One Big Beautiful Bill Act Tax Changes: Your 2025 Guide
A straightforward breakdown of the One Big Beautiful Bill Act: the tax rules now locked in, the changes for households and business owners, and the planning moves to make in 2025 and 2026.