Northern Trust Wealth Management

Will your wealth plan encourage entrepreneurialism or foster complacency? Learn how an Entrepreneur’s Trust can empower your children to become responsible stewards of your family’s wealth. http://ow.ly/Q99550OwSsy

We are thrilled to announce a new partnership with Greenlight, a family fintech company that shares our mission to help the next generation build healthy financial futures. Financial literacy requires more than just understanding the topics: Knowledge becomes skill through practice. Our partnership provides clients with a platform for engaging in more of these teachable moments, helping families to build smart money habits together and equipping the next generation to steward wealth responsibly. Read more about the partnership: https://bit.ly/47951h2

Federal Reserve Chair Jerome Powell set the stage for a September rate cut at Jackson Hole with a dovish message, stating, “The time has come for policy to adjust.” We discuss our outlook for the cutting cycle in this Weekly Five. https://bit.ly/3X2I9uH

FOR ADVISORS | Review the available options — and their long-term implications — for deferring estate taxes when estates have significant illiquid business interests. https://bit.ly/4cDd1I9

Who will own your business 100 years from now? In this month’s episode of The Road to Why, Natalie Reitman-White (Principal, Purpose Owned) and Zingerman's co-founder Ari Weinzweig discuss how purpose trusts are revolutionizing the way founders are thinking about business ownership and business succession. https://bit.ly/46Q1OCQ

The week brought welcome relief, with inflation data continuing to cool and evidence of labor market and consumer resilience. Strong equity market returns reflected growing investor optimism that the Fed will indeed cut the policy rate later this year, but not due to recession fears. https://bit.ly/46IIkzL

FOR ADVISORS | Several provisions of the Tax Cut and Jobs Act of 2017 will sunset in 2025 absent legislation to extend them. Review key income tax provisions affected by the sunset. https://bit.ly/3WLuPer

Investors are experiencing a collective sense of TGIF, as each day of the week brought new narratives, raising questions on the health of the labor market, the prospect for an "emergency" rate cut and more. We discuss our views on the excessive volatility in this Weekly Five. https://bit.ly/46IIkzL

Explore research-based insights at the intersection of changing tax policy and managing complex wealth to help you navigate the current election landscape. https://bit.ly/4dzQBZ5

Congratulations to Nikè Anani, Director of Next Gen Advisory, for being named as one of the world’s top 50 family enterprise advisors by Family Capital Publishing. This is a well-deserved honor, and a recognition of Nikè’s passion and dedication to helping rising generations become successful stewards of the family enterprise.