Knowledge Leadership That Matters Most to Private Trusts & Family Offices

The Long Run “The long run is a misleading guide to current affairs. In the long run we are all dead.” - John Maynard Keynes “I am an optimist. It does not seem much use being anything else.” - Winston Churchill The S&P 500 produced a robust return of 25% in 2024,...

Prepare for a Landing “Not every situation can be foreseen or anticipated. There isn’t a checklist for everything.” - Captain Chesley B “Sully” Sullenberger Financial news this quarter was dominated by speculation surrounding the Federal Reserve’s September meeting. A...

 Under the Surface  “There is more going on beneath the surface than we think, and more going on in little, finite moments of time than we would guess.” - Malcom Gladwell   The first half of this year has appeared to be a smooth trip higher for equity markets,...

 The Last Mile  “All endeavor calls for the ability to tramp the last mile, shape the last plan, endure the last hours toil.” - Henry David Thoreau   The narrative driving markets entering 2024 was built on the assumption that the Federal Reserve (the Fed) had pulled...

Expect the Unexpected “To expect the unexpected shows a thoroughly modern intellect.” - Oscar Wilde Markets rarely fail to surprise, and 2023 was yet another reminder of that fact. After an extremely difficult environment for portfolios in 2022, investors were...

HOUSTON, TX – January 10, 2024 – The nationally chartered and full-service trust company of Legacy Trust Company (Legacy Trust) is pleased to announce its expansion with the opening of its Austin, Texas office location. Legacy Trust was founded in 1984 as a...

The Revenge of Normal   “We have normality. I repeat we have normality. Anything you still can’t cope with is therefore your own problem.”  – Trillian, character from Hitchhiker’s Guide to the Galaxy  Robust returns to risky assets in the first half of the year were...

Charitable Giving Vehicles: How to Make a Difference in the Community Philanthropy is a great way to make a positive impact on your community, and there are many ways you can make a difference. Legacy Trust can help you navigate and select from these options, and help...

Where We Stand “You can’t really know where you are going until you know where you have been.”  – Maya Angelou The first half of 2023 has been a remarkable one for financial markets. After a challenging 2022 driven by rapid adjustments in asset valuations due to a...

Legacy Trust Market Commentary | May 2023 The Tide Goes Out “When the tide goes out, we find out who has been swimming without a bathing suit.” – Warren Buffett It has only been a year since the Federal Reserve began aggressively raising interest rates to try and...