Financial Spring Cleaning: A Smarter Reset for Your Wealth in 2026

Financial Spring Cleaning: A Smarter Reset for Your Wealth in 2026

With Tax Day behind us, spring offers more than just a seasonal refresh, it’s an opportunity to bring clarity and intention to your financial life. For many high-net-worth individuals and families, complexity tends to build quietly over time. Multiple accounts, evolving tax laws, concentrated positions, and changing life priorities can all create friction if left unchecked.

Think of this as more than “cleaning”—it’s a strategic reset to ensure every element of your financial life is aligned, optimized, and working together.

Here are key areas to revisit this spring:

1. Look Beyond Your Tax Return—Identify Planning Opportunities

• Your tax return is more than a record of the past—it’s a roadmap for future strategy.

• Did your income shift into higher brackets or trigger phaseouts?

• Were you impacted by recent tax legislative changes?

• Did you capitalize on strategies such as tax‑loss harvesting, charitable planning, or retirement contributions?

2026 Consideration: In light of significant changes to tax legislation, this is an ideal time to recalibrate forward‑looking strategies. Reviewing opportunities such as Roth conversions, donor‑advised funds, and the timing of income and deductions can help ensure your plan properly accounts for and capitalizes on the current tax environment.

2. Re-Align Your Financial Plan with Your Investment Strategy

One of the most common gaps we see: investments operating independently from the financial plan.

• Has your risk tolerance shifted given market conditions or life changes?

• Are your portfolios positioned in alignment with your long-term goals?

• Are you coordinating tax strategy, cash flow, and investment decisions together?

At Gilbert & Cook, we believe investments should never exist in isolation—they are part of a dynamic, integrated plan designed to support your life.

3. Revisit Your Allocation—Including Private Markets & Alternatives

Public markets are only part of the opportunity set.

• Are you overly concentrated in public equities or a single stock?

• Have you explored access to private equity, private credit, or real assets?

• Is your portfolio intentionally designed to balance liquidity needs today with long‑term investment opportunities?

2026 Consideration: Many sophisticated investors are continuing to expand into private markets for diversification, income generation, and long-term growth potential. Ensuring proper structure, pacing, and alignment with your liquidity needs is key.

4. Create Clarity Through Thoughtful Organization

Financial complexity often builds quietly not because the plan is flawed, but because life, wealth, and opportunities evolve.

• Review and identify opportunities to consolidate legacy accounts, prior employer plans, and scattered custodians where appropriate

• Centralize and organize critical documents (estate plans, tax returns, insurance policies) to support informed decision‑making

• Review beneficiaries and account titling to ensure accuracy and alignment with your broader long‑term plan

A clear, well‑organized framework improves efficiency and strengthens coordination across your advisory team, allowing sophisticated strategies to work together intentionally and effectively.

5. Refresh Your Estate & Legacy Plan

Your financial life may evolve faster than your estate documents.

• Have there been changes in family dynamics, wealth, or intentions?

• Are your trusts, wills, and powers of attorney up to date?

• Are you using tax‑efficient wealth transfer strategies for intergenerational planning?

2026 Consideration: Elevated federal estate tax exemptions are now permanent under current law, offering a more stable planning environment. Although future legislative changes remain possible, today’s framework presents meaningful opportunities to optimize gifting strategies, trust planning, and long‑term wealth transfer. Revisiting your plan ensures it reflects both the current rules and your long‑term legacy goals.

6. Evaluate Cash Flow, Liquidity & Lifestyle Planning

Even for affluent families, cash flow planning remains critical.

• Are you maintaining appropriate liquidity for near-term needs?

• Have spending patterns shifted (travel, real estate, lifestyle upgrades)?

• Are large upcoming expenses accounted for in your plan?

Spring is an ideal time to ensure your lifestyle and financial structure remain in harmony.

7. Strengthen Risk Management & Protection Planning

Wealth is not just built—it must be protected.

• Review insurance coverage (life, disability, umbrella liability)

• Assess cybersecurity and identity protection measures

• Evaluate business owner risks or key-person exposure

As your balance sheet grows, so does the importance of protecting it.

8. Clean Up the “Invisible” Leaks

Even sophisticated investors accumulate inefficiencies.

• Unused subscriptions or redundant services

• Tax-inefficient accounts or investment placements

• Idle cash not aligned with your strategy

Small inefficiencies, compounded over time, can meaningfully impact outcomes.

9. Reconnect with Your Advisory Team

The most valuable step may simply be a conversation.

At Gilbert & Cook, we often say that as your life grows more complex, your need for coordinated advice grows with it. Spring is an ideal time to reconnect, revisit your goals, and ensure your strategy reflects where you are today—and where you’re going next.

Final Thought: Create Space for What Matters Most

Financial spring cleaning isn’t about perfection—it’s about intention.

dsm Wealth Podcast - Featuring, Chris Cook

What if your investments could do more than grow your wealth—what if they could reflect what matters most to you?

In a recent feature on the DSM Wealth Podcast, Chris Cook, CPA, CFA, Partner and Chief Investment Strategist at Gilbert & Cook, explores how values-based investing is evolving—and why more investors are seeking alignment between their portfolios and their personal beliefs.

This conversation highlights a growing shift among investors:

• Moving beyond performance alone

• Seeking deeper alignment between wealth and values

• Integrating purpose into long-term financial strategy

Chris shares insights on how values-based investing can:

• Complement a diversified portfolio

• Enhance long-term decision-making

• Create a sense of clarity and confidence in your financial life

Key Takeaways

1. Values-Based Investing Has Evolved
Today’s strategies go beyond simple exclusions—they’re more sophisticated, data-driven, and customizable.

2. Purpose and Performance Are Not Mutually Exclusive
Investors no longer need to choose between doing well and doing good.

3. Alignment Creates Confidence
When your investments reflect your values, decision-making becomes more intentional and grounded.

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At Gilbert & Cook, we believe wealth is a tool to support the life you want to live—and the impact you want to make.

Our approach integrates:

• Sophisticated investment strategies

• Comprehensive planning

• A deep understanding of how each client defines “Abundance” in their own life.

Because true wealth is not just about what you have—it’s about how it aligns with who you are.

Be the Expert in Your Own Financial Life: Preparing for Divorce

Be the Expert in Your Own Financial Life: Preparing for Divorce

Divorce is one of life’s most emotional transitions — but it is also a significant financial event. In the midst of uncertainty, one of the most empowering steps you can take is becoming the expert in your own financial situation.

Many individuals enter marriage with shared responsibilities, often dividing roles. Over time, one spouse may handle investments, taxes, or business matters while the other focuses elsewhere. When divorce becomes a possibility, this dynamic can leave one person feeling unprepared. Knowledge restores confidence.

Start by gathering information. Obtain copies of tax returns (at least three years), account statements, retirement balances, insurance policies, estate documents, and debt summaries. If a business is involved, secure recent financial statements and understand ownership structure. Create a personal net worth statement listing assets and liabilities. This process alone can be eye-opening.

Next, understand cash flow. What does it truly cost to run your household? Track monthly expenses — both fixed and variable. Divorce often means transitioning from one household to two. Knowing your lifestyle costs will inform settlement discussions and future planning decisions.

It is also important to understand how assets differ. A $1 million brokerage account is not the same as a $1 million pre-tax retirement account. Taxes, liquidity, and long-term growth potential matter. The division of assets should be evaluated based on after-tax value and how each supports your future goals.

Equally critical is assembling the right team. An experienced divorce attorney protects your legal interests, but financial strategy requires coordination. A financial advisor, preferable a CDFA can model settlement scenarios, project long-term sustainability, and help you understand the implications of spousal support, retirement division, and property allocation.

Above all, preparation reduces fear. When you understand your financial landscape, you move from reacting emotionally to making informed, strategic decisions. Divorce may close one chapter, but it also begins another. Becoming the expert in your own financial life ensures that the next chapter is written with clarity, confidence, and control.

Learn about the importance of having a Certified Divorce Financial Analyst on your team.

Divorce Is Legal. Your Financial Future Is Strategic.

Divorce Is Legal. Your Financial Future Is Strategic. 

How a Certified Divorce Financial Analyst® Helps Navigate Complex Divorce Decisions.

When a marriage ends, the legal process is only one part of the equation. 

For affluent individuals and families, divorce is not simply about dividing property — it’s about restructuring a complex financial life that may include investment portfolios, retirement plans, business ownership, executive compensation, real estate holdings, trusts, and multi-generational wealth considerations. 

At Gilbert & Cook, our Certified Divorce Financial Analyst (CDFA®) professionals work alongside divorce attorneys, CPAs, and mediators to provide clarity during one of life’s most emotionally and financially complex transitions. 

Because while divorce is legal in nature, its consequences are deeply financial. 

Why the CDFA® Designation Is Respected 

The Certified Divorce Financial Analyst (CDFA®) credential, issued by the The Institute for Divorce Financial Analysts, is recognized within the divorce and mediation community as a specialized financial designation. 

It signals that the professional has: 

• Advanced training in divorce financial analysis 

• Experience modeling settlement options 

• Understanding of tax implications specific to divorce 

• Experience in retirement and pension division 

For attorneys, working alongside a CDFA® often results in more informed negotiations. 

For clients, it provides confidence that financial decisions are not being made in isolation. 

What a CDFA® Actually Does 

A CDFA® is specially trained to analyze the long-term financial impact of divorce settlement decisions. 

This includes: 

• Modeling multiple settlement scenarios 

• Analyzing tax consequences of asset division 

• Projecting post-divorce cash flow 

• Evaluating retirement plan division 

• Assessing executive compensation and deferred benefits 

• Reviewing business valuation considerations 

• Projecting long-term sustainability of spousal support 

In other words, a CDFA® answers the question: 

“What does this agreement mean for my financial life five, ten, or twenty years from now?” 

Two settlement offers may appear equal on paper — but their long-term tax impact, liquidity profile, and growth potential can be dramatically different. 

That difference can define your future.  

Without modeling the long-term impact, decisions can be emotionally driven — or legally negotiated — without fully understanding financial sustainability. 

A Team Approach During Transition 

At Gilbert & Cook, our CDFA® professionals operate within our ensemble team model — collaborating with: 

• Divorce attorneys 

• CPAs 

• Business valuation experts 

• Estate planning attorneys 

• Insurance specialists 

This integrated approach ensures that decisions made during divorce support long-term financial stability — not just short-term resolution. 

Clarity During Uncertainty 

Divorce is deeply personal. 
It is often emotionally exhausting. 
And it can feel overwhelming. 

But it does not have to compromise your financial future. 

With the right advisory team — including a Certified Divorce Financial Analyst® — you gain: 

• Data-driven settlement clarity 

• Long-term cash flow confidence 

• Tax-aware structuring 

• Objective financial modeling 

• A strategy for rebuilding 

Because even during life’s most difficult transitions, it is still possible to live a life of abundance®.

Demystifying Private Markets: Why They Belong in a Modern Portfolio

Demystifying Private Markets: Why They Belong in a Modern Portfolio

For years, private markets were the exclusive playground of institutions and ultra-high-net-worth investors. Today, thanks to expanded access, better technology, and a growing emphasis on portfolio diversification, private markets are increasingly becoming a powerful tool for individual investors—and a strategic cornerstone of modern portfolio design.

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Beyond “Alternatives”: A Better Way to Talk About Private Investments

At Gilbert & Cook, we’ve moved away from the catch-all term “alternatives.” As Brandon Grimm, our Chief Investment Officer, notes, “Alternatives could mean anything from cryptocurrency to collectibles.” Instead, we focus on private markets—an investable universe that includes private equity, private credit, real assets, and venture capital.

These investments are not new. Private markets have been a key component of institutional portfolios for decades. What’s new is the access. Through thoughtful partnerships and due diligence, our clients now have the opportunity to invest alongside major institutions—often with the same level of transparency and oversight.

Why Private Markets? The Case for Inclusion

Private market investments offer several compelling benefits when added to a well-balanced portfolio:

• Enhanced Diversification: Because private market returns often move independently from public market cycles, they provide true diversification—helping reduce overall volatility.

• Attractive Return Potential: With the right due diligence, private equity and private credit can deliver returns that are accretive to a portfolio’s long-term growth.

• Access to the Real Economy: These are tangible companies—regional manufacturers, healthcare providers, software developers—doing meaningful work and fueling innovation and job growth in the U.S. economy.

• Limited Daily Pricing Noise: While private market investments are less liquid, they’re also less subject to the emotional swings and headline-driven volatility of public markets.

Addressing Common Concerns: Illiquidity and Education

Illiquidity is often cited as a drawback—but Brandon reframes the issue: “If your financial plan says you only need to withdraw $50,000 from a $1 million portfolio this year, is it really a problem if $250,000 of it is invested in private markets and growing steadily in the background?”

It’s all about proper planning. When integrated thoughtfully, private investments do not restrict your lifestyle—they support your long-term goals.

Education also plays a major role. “Many of our clients start at the 101 level when it comes to private markets,” Brandon shares. “Our job is to get them to 201—explaining not just what private capital is, but how it fits into their world.” That means providing context, using real-life analogies, and helping clients see the connections between their own business experience and the private companies we invest in.

How We Do It: A Rigorous, Client-First Approach

We’ve been implementing private market strategies for over a decade. What began with modest allocations to commercial real estate has evolved into a sophisticated, research-driven approach—typically with 15% to 20% of client portfolios allocated to private markets, depending on each client’s goals and liquidity needs.

We focus on:

• High-quality managers and sponsors

• Clear structures with appropriate liquidity terms

• Tax-sensitive implementation across account types

• Ongoing education and transparent reporting

And most importantly, we customize every allocation to align with the client’s plan—not the other way around.

The Modern Portfolio is Evolving

Public equities and bonds remain foundational. But today’s investment landscape demands more. With increasing volatility, compressed return expectations, and global uncertainty, investors need access to a broader set of tools.

Private markets aren’t a fringe idea—they’re a modern necessity.

At Gilbert & Cook, we’re proud to offer our clients the same level of opportunity, insight, and access that has historically been reserved for institutions. Because we believe abundance comes not just from working hard—but from working smart, with the full spectrum of possibility at your fingertips.

A New Year Reflection Checklist

A Thoughtful Way to Begin the Year

At Gilbert & Cook, we believe true abundance comes from clarity, confidence, and alignment — not just accumulation. The start of a new year offers a natural opportunity to pause, reflect, and make sure your financial life is supporting the life you want to live.

If these questions sparked curiosity or raised new thoughts about where you’re headed, a simple conversation can be a powerful first step. Sometimes abundance isn’t about doing more — it’s about understanding more, feeling more confident, and moving forward with intention.

As always, we’re here to help you explore what abundance looks like for you in 2026 and beyond.

A New Year Reflection Checklist

As you look ahead to 2026, consider setting aside a few quiet minutes to reflect on the questions below. There are no right or wrong answers — just prompts designed to help you check alignment between your financial life and the life you want to live.

1. Has My Life Changed in Ways My Financial Plan Hasn’t Caught Up To?

Think about the past few years. Career growth, business changes, family milestones, real estate decisions, or caring for aging parents can all shift priorities — often gradually. Ask yourself whether your financial strategy still reflects your current reality.

2. Do I Understand How All the Pieces Fit Together?

Investments, taxes, estate planning, insurance, and cash flow often live in separate places. Consider whether you have a clear picture of how they work together — or if things feel more fragmented than they should.

3. Am I Being Intentional About Taxes — or Just Reacting to Them?

Taxes are one of the biggest drags on long-term wealth. Reflect on whether tax planning is something you think about proactively throughout the year, or only when deadlines arrive.

4. Does My Investment Strategy Still Match This Season of Life?

Risk tolerance, time horizon, and income needs tend to change over time. Ask whether your portfolio still feels aligned with where you are today — not just where you were when it was first set up.

5. If Something Unexpected Happened, Would My Family Feel Prepared?

This isn’t about worst-case thinking — it’s about clarity. Consider whether your beneficiaries, powers of attorney, and key decision-makers are up to date, and whether the people you care about would know where to turn if needed.

6. Am I Clear on What “Enough” Looks Like for Me?

Wealth is most powerful when it supports clarity, not anxiety. Reflect on whether your financial goals are defined by intention — or if they’ve simply evolved without much thought.

7. Does My Wealth Support What Matters Most to Me?

Whether that’s family, freedom, generosity, security, or opportunity, this is a chance to reflect on alignment. Money is a tool — and tools work best when used with purpose.

A Gentle Reminder

New Year planning doesn’t have to mean big changes. Sometimes it simply means asking better questions, gaining clarity, and making sure your strategy still supports the life you’re building.

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If 2026 feels like a year where more is possible — or more complex — it may be the right time for a thoughtful conversation.

A Glance Into 2026: What’s Worth Paying Attention To as a New Year Begins

A Glance Into 2026: What’s Worth Paying Attention To as a New Year Begins

A new year has a way of inviting reflection — and a little curiosity about what’s ahead. As calendars turn to 2026, many people find themselves asking the same quiet questions:

Am I still doing the right things?
Is there anything I should be paying more attention to?
What’s changing that might affect my financial life next?

You don’t need to overhaul your entire plan every January. But it is a great time to zoom out and take note of a few trends and conversations that are shaping the financial world — especially for individuals and families whose lives (and finances) are becoming more complex.

Here’s a snapshot of what we think is worth having on your radar as we head into 2026.

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Growth Brings a New Kind of Complexity

One of the most meaningful “trends” we see heading into 2026 isn’t about markets at all — it’s about growth. As lives expand, finances naturally become more layered. What once felt simple begins to reflect progress: advancing careers, successful businesses, equity compensation, real estate opportunities, inheritances, growing families, and caring for loved ones across generations.

These milestones don’t usually arrive all at once, but over time they begin to overlap — and that’s a good thing. It often marks a transition from simply managing money to thoughtfully managing decisions. If 2026 feels like a year where more is possible, and more feels worth protecting; you’re in good company.

Tax Planning Is Becoming an Ongoing Conversation

Taxes are no longer a “file it and forget it” exercise. Between evolving legislation, income changes, business ownership, and investment strategies, taxes are becoming a year-round consideration for many households.

What’s shifting is not just how much people pay in taxes — but how intentional they are about timing income, planning charitable giving, and coordinating decisions across multiple accounts and entities.

In other words: good tax planning increasingly starts long before April.

Technology Is Helpful — But Not the Whole Answer

Financial apps, dashboards, and digital tools continue to improve, and that’s a good thing. They make information more accessible and transparent than ever before.

At the same time, many people are realizing that information alone doesn’t equal confidence. Knowing what you own is different from knowing why you own it — or what to do when circumstances change.

The trend we see going into 2026 is a growing appreciation for technology that supports decisions, not replaces them.

People Are Paying More Attention to the Big Picture

Investment performance will always matter — but increasingly, people are stepping back and asking broader, more personal questions.

• How does my investment strategy support the way I want to live?

• Am I taking the right amount of risk for this stage of life?

• Do my estate documents still reflect my wishes?

• If something unexpected happened, would my family know what to do — and who to call?

As financial lives grow more complex, the desire for clarity grows with them. In 2026, more people want confidence that the pieces of their financial life are working together — and that they have a trusted team behind them, keeping these considerations in view, coordinating across decisions, and helping them navigate change with perspective and care. It’s no longer just about how each piece performs on its own, but about having thoughtful guidance that brings everything into alignment.

Conversations About Purpose, Legacy, and Abundance

For many individuals and families, the conversation is expanding beyond “How much is enough?” to a more meaningful question: What kind of legacy do I want to leave?

Increasingly, abundance is being defined not only by financial success, but by impact — how wealth supports family, creates opportunity, reflects values, and leaves a lasting legacy.

Whether it’s preparing the next generation, supporting causes that matter, or simply creating clarity and peace of mind for loved ones, legacy is becoming a central priority. To live a life of abundance means aligning wealth with purpose — using it intentionally, sharing it thoughtfully, and ensuring it carries meaning well beyond the numbers.

The Throughline: Thoughtfulness Over Reaction

If there’s one theme that ties all of this together, it’s this: people want to be proactive, not reactive.

2026 doesn’t require radical changes for most — but it does invite thoughtful review. A chance to check alignment. A moment to ask better questions. An opportunity to make sure your financial strategy still supports the life you’re building.

At Gilbert & Cook, we believe the most valuable planning conversations often start with curiosity — not urgency. If the new year has you thinking about what’s next, it may be the perfect time to take a fresh look at where you are and where you’re headed.

New Year Financial Housekeeping Checklist

New Year Financial Housekeeping Checklist

A fresh start for your financial life — and a foundation for Living a Life of Abundance®.

As 2025 comes to a close, it’s a good time to reflect and take inventory of the important things in your life. The New Year provides a natural reset — a moment to pause, reflect, and ensure your financial life is aligned with your goals, your family, and your vision for the future. Just like tidying your home or re-organizing your calendar; reviewing your financial picture each year helps prevent costly mistakes, uncover new opportunities, and give you continued clarity and confidence over your financial situation.

Below is a comprehensive Financial Housekeeping Checklist, with which outlines practical and high-impact steps to start the new year off on the right foot.

1. Review Beneficiary Designations

Beneficiary designations are often overlooked, yet they have enormous legal power — they override your will. Life changes such as marriage, divorce, remarriage, births, deaths, or shifting family dynamics can leave outdated designations in place without anyone realizing it.

·         Many families discover that listed beneficiaries are deceased or no longer appropriate due to life changes.

·         Beneficiary forms override wills. Confirm they match your current wishes.

Annual action: Review beneficiaries on retirement accounts, life insurance, annuities, pensions, HSAs, and employer plans.

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2. Confirm Adequate Life & Disability Insurance Coverage

You can’t build an abundant financial life without protecting it first.

Life Insurance

Rules of thumb can be imperfect, but as noted in your presentation, if you have 10–20 years left in your career and a family relying on your income, evaluate whether you have at least 10–20× your annual salary in coverage.

Disability Insurance

Disability coverage often goes overlooked — yet it protects your most valuable asset: your income.

• Ensure your policy is own-occupation, not any-occupation, so you’re protected if you cannot perform your specific profession.

• Aim to replace 60–70% of income, especially for professionals, specialists, and high earners.

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3. Update Estate Planning Documents & Key Decision-Makers

Your estate plan is a living set of instructions—and it should evolve as your life, relationships, and financial picture change. The end of each year is an ideal moment to pause and ensure your documents still reflect your wishes. Consider reviewing wills and trusts annually or after major life events to ensure alignment with current tax laws. Many families discover that individuals named years ago—such as aging parents, former spouses, or friends who have had major life changes—may no longer be the best fit to handle important responsibilities. These roles carry significant authority, especially your financial and healthcare POAs, who may need to act quickly on your behalf. Choosing someone who is capable, available, and aligned with your values is essential.

Annual Action:

• Review your will, trusts, POAs, medical directives, guardianship decisions

• Verify that all individuals named are still appropriate, willing, and able

• Confirm your documents still reflect your wishes and today’s tax landscape

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4. Maximize Retirement Contributions

Retirement savings are one of the most powerful long-term wealth-building tools available, and the beginning of a new year is the perfect time to review your contribution strategy. Your first priority should always be to capture the full employer match in your retirement plan—it’s one of the few sources of “free money” available in financial planning. From there, work toward maximizing contributions across pre-tax, Roth, or a blended strategy depending on your current and future tax expectations.

Key Opportunities:

• Maximize 401(k), 403(b), or IRA contributions

• Utilize Backdoor Roth IRAs if income exceeds limits

• Leverage catch-up contributions for those age 50+

Annual action: Review the insurance coverage for your family situation. Also consider maximizing HSA contributions if eligible — HSAs offer triple tax advantages and can serve as a powerful retirement and healthcare tool.

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5. Review and Rebalance Investment Allocation

Markets change, and your portfolio should be reevaluated at least annually. Speak with Advisor to ensure that your diversified portfolio aligns with your long-term liquidity and risk profile.

Annual action:

• Review overall allocation

• Compare to your time horizon and risk tolerance

• Evaluate concentration risk

• Review performance in relation to your financial plan

• Explore alternative or private investments if appropriate

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6. Strengthen Tax Efficiency & Charitable Giving Strategy

A New Year is an excellent time to:

• Coordinate with your CPA and advisor on tax-efficient withdrawal and gifting strategies

• Explore Roth conversions, especially in low-income years

• Use donor-advised funds for long-term charitable planning

• Review opportunities for tax-loss harvesting (if applicable)

Tax planning is increasingly strategic for high-income earners — small adjustments today can have generational impact.

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7. Protect Your Assets: Umbrella, Malpractice & Liability Coverage

Business Owners, professionals, and affluent families face unique liability exposure. Protecting the assets that you’re building” is essential as wealth grows.

Annual action:

• Review home/auto policies for sufficient liability limits

• Update umbrella coverage (often $2M–$10M+ for high-net-worth households)

• Confirm malpractice, E&O, or business liability coverage is appropriate

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8. Review and Secure Digital Assets & Passwords

Cybersecurity is now a core pillar of your financial and personal protection. Weak passwords—such as using names, birthdays, or simple character combinations—remain one of the most common entry points for fraudsters. Additionally, digital estate planning is no longer optional. Ensuring that a trusted individual can securely access necessary accounts, documents, and instructions in the event of an emergency protects your family and helps avoid delays or complications in managing your financial affairs.

Annual action:

• Update your password manager and create strong, unique credentials for every account

• Strengthen key financial logins

• Store digital instructions with your estate documents

• Ensure your trusted contact person knows how to access critical information

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9. Reassess Cash Flow, Budgeting & Liquidity Needs

As your lifestyle evolves, so do your spending and saving patterns. Year after year,  households may find “hidden inefficiencies” when reviewing spending, which can be redirected to long-term goals.

Annual action:

• Household spending

• Savings rates

• Upcoming major expenses (college, home projects, business investments)

• Appropriate emergency fund levels

High-income households often find “hidden inefficiencies” when reviewing spending, which can be redirected to long-term goals.

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10. Schedule Your Annual Review with Your Advisory Team

Financial success doesn’t happen by accident — it’s built intentionally. Meet with your advisory team (Financial Advisor, CPA, Estate Attorney, Insurance Specialist) early in the new year to:

• Identify risks or blind spots

• Prioritize upcoming planning opportunities

• Adjust your strategy for economic or tax law changes

• Ensure your plan reflects your goals for the next 12–36 months

At Gilbert & Cook, these annual conversations are the foundation for clarity, confidence, and a true Life of Abundance®.

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Closing Thought: Build Your Year with Intention

An abundant life is built on being proactive, not reactive. This New Year is an opportunity to create alignment—between your goals, your resources, your family, and your future.

Four Strategies for a Smarter College Search

Four Strategies for a Smarter College Search

Presented by Gilbert & Cook in partnership with Cozy Wittman, College Inside Track

With college costs continuing to rise and the admissions process more competitive than ever, Gilbert & Cook recently hosted an educational event featuring Cozy Wittman, National Education & Partnership Manager for College Inside Track. Cozy has spent nearly 20 years helping families navigate the college search and application process to find schools that are the best academic, social, and financial fit.

This interactive session offered clear, practical guidance for parents and students looking to make informed decisions—and potentially save thousands of dollars in the process.

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1. Understand the True Cost of College

Over the past 30 years, tuition at flagship universities has skyrocketed. For example:

• University of Minnesota up 570%

• University of Iowa up 460%

• University of Wisconsin up over 1,000%

Wittman cautioned that flagship public universities—especially out-of-state—can often cost as much or more than private institutions. Families should look beyond sticker prices and explore schools offering significant institutional merit aid, which can make private universities surprisingly affordable.

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2. Focus on Fit to Avoid Costly Transfers

A staggering 38% of students transfer colleges at least once, often due to poor academic, social, or financial fit. Each transfer can add an average of $14,000–$24,000 to total college costs.

Choosing the right-fit school on the first try—considering learning style, campus culture, and available support—can make a major financial difference.

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3. Decode Financial Aid and the FAFSA

Wittman clarified key updates to the financial aid process:

• The FAFSA (Free Application for Federal Student Aid) and CSS Profile are the two main forms used to determine need-based aid.

• The new Student Aid Index (SAI) has replaced the “Expected Family Contribution.”

• Having multiple children in college no longer increases eligibility for aid.

• Parent assets are assessed at 5.64%, while student assets are assessed at 20%—a crucial distinction when planning savings.

• Qualified retirement accounts, primary residences, and grandparent-owned 529 plans are excluded from FAFSA calculations

These nuances make proactive planning essential to maximize aid eligibility.

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4. Scholarships and Admissions Strategy

Today, colleges themselves are the largest source of scholarship funding—not private organizations or online searches.

To become a competitive applicant for institutional merit aid, Wittman emphasized:

• Maintaining strong GPA and test scores (standardized testing still matters for both admission and scholarships).

• Building quality, meaningful extracurricular involvement—not just long activity lists.

• Demonstrating genuine interest through campus engagement, essays, and thoughtful applications.

• Understanding Early Decision (ED): it’s binding and best reserved for families confident they can afford full tuition without comparing aid offers.

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A Match to Be Made, Not a Prize to Be Won

Wittman encouraged families to redefine what “success” means in the college process.

“College isn’t a prize to be won—it’s a match to be made,” she shared.

Students should prioritize the environment where they’ll thrive academically and personally, not simply chase the biggest brand name. With over 80% of students changing majors at least once, flexibility and support matter just as much as prestige.

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Getting Started

College Inside Track offers complimentary family consultations to help assess college affordability, understand financial aid forecasts, and build a personalized search strategy. Families can learn more or schedule a consultation at CollegeInsideTrack.com.

For those interested in continuing the conversation about college planning and how it fits within your broader financial strategy, the advisors at Gilbert & Cook are here to help you align your families education goals with your overall financial plan—so you can live your Life of Abundance for generations to come.

The Great Wealth Transfer: Passing on More Than Money

Over the next two decades, more than $84 trillion is expected to change hands as baby boomers and Gen Xers transfer their wealth to younger generations. Economists have called it The Great Wealth Transfer — a movement unlike any other in history. But for many families, this isn’t just about numbers. It’s about the values, decisions, and relationships that determine whether that wealth becomes a lasting legacy — or a missed opportunity.

At Gilbert & Cook, we believe the most meaningful inheritance is one that empowers future generations to Live a Life of Abundance®.

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The Opportunity — and the Challenge

For families who have built substantial wealth, the transfer process brings both excitement and complexity. It’s an opportunity to provide freedom and security for loved ones, but it also raises important questions:

• Are our heirs prepared to manage what we’ve built?

• Do they understand our values and intentions?

• Will our legacy continue to create impact — or unintended conflict?

Studies show that nearly 70% of family wealth is lost by the second generation and 90% by the third. The reason isn’t bad investing — it’s a breakdown in communication, education, and shared purpose.

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 Defining What “Leaving a Legacy” Really Means

A true legacy extends beyond financial statements. It’s the story your family tells about what matters most — how you worked, gave, invested, and cared for others. Defining that legacy is a deeply personal process, and no two families are the same.

At Gilbert & Cook, we believe that a successful plan begins with understanding what Living a Life of Abundance truly means to you. For some, abundance may mean having time to travel and enjoy family; for others, it’s about achieving financial freedom, giving back to the community, or creating a lasting impact for future generations.

That’s why, at the start of every client relationship, we guide families through an Abundance Exercise — a thoughtful conversation that helps you identify and prioritize what matters most. These priorities often include Time, Retirement, and, importantly, Leaving a Legacy.

Defining what legacy means to you personally is at the heart of generational wealth planning. It’s not just about transferring assets; it’s about transferring purpose, wisdom, and values. Once we’ve helped you define what abundance looks like for your family, we create a plan that aligns your financial strategies with those priorities — and track your progress along the way — ensuring you stay on the right path to living the life of abundance you deserve.

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Teaching the Next Generation

Money can be a powerful tool for creating opportunities — when guided by wisdom. Families who successfully transition wealth don’t wait until it’s time to transfer assets; they start by transferring knowledge and perspective.

That might mean involving children in charitable giving decisions, teaching them how investments work, or inviting them to observe financial planning conversations. When younger generations understand both the how and the why behind family wealth, they are far more likely to protect and grow it responsibly.

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Bringing the Family Together

Open communication is at the heart of every successful transition. Family meetings — guided by a trusted advisor — create a space to discuss expectations, roles, and shared goals. These conversations can prevent misunderstandings, strengthen relationships, and ensure everyone feels connected to the legacy being built.

For business owners, this might also include succession planning — helping the next generation step confidently into leadership, with a framework that balances fairness, preparedness, and continuity.

At Gilbert & Cook, we often host Family Meetings to foster meaningful conversations that preserve and pass on values, wealth, and family vision across generations.

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The Time to Plan Is Now

We are living in a moment of opportunity. Current estate and tax laws remain favorable, and although the pressure of a sunset deadline has passed, it’s still important to act thoughtfully and take advantage of today’s favorable planning environment. You should meet with an estate planning attorney and your Advisor at Gilbert & Cook to ensure your plan reflects both the current laws and your family’s long-term goals.

Families who plan proactively today can take advantage of strategies that will help them for generations — from gifting and trusts to charitable vehicles and family partnerships.

The key is to integrate strategy with purpose. Technical plans alone won’t preserve your legacy; intentional communication and education will.

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Creating Abundance That Lasts

At Gilbert & Cook, we believe true abundance isn’t measured by how much wealth you accumulate, but by how that wealth supports the people and causes you care about — generation after generation.

Whether you’re preparing to transfer your business, share your estate, or simply start the conversation, our team is here to help you create a plan that empowers your family to live a life of abundance — today and for years to come.

Live a Life of Abundance®

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Sources

1. Cerulli Associates, U.S. High-Net-Worth and Ultra-High-Net-Worth Markets 2022: Shifting Demographics of Wealth, 2022.

2. Williams Group, Preparing Heirs: Five Steps to a Successful Transition of Family Wealth and Values, Roy Williams & Vic Preisser, 2002.

3. U.S. Trust, Insights on Wealth and Worth Survey, Bank of America, 2018.

4. PwC, Family Business Survey 2023: Transforming for the Future, 2023.

5. Tax Policy Center, Individual Income Tax Provisions of the Tax Cuts and Jobs Act (TCJA), 2024.

Why Resilience Matters More Than Headlines

Why Resilience Matters More Than Headlines: 
What Investors Need to Know About a Government Shutdown 

(10/1/2025) The federal government began to shut down overnight after Democrats and Republicans failed to come to an agreement to extend government funding ahead of the Oct. 1, 2025, deadline. When headlines warn of a potential government shutdown, it can stir up worry for both households and markets. For investors, the most important thing to remember is that while shutdowns are disruptive, they are not new—and history offers valuable perspective. 

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What Is a Government Shutdown? 

A U.S. government shutdown occurs when Congress fails to pass the necessary spending bills to fund federal agencies and operations. This leads to a temporary suspension of many government functions, ranging from national parks and museums to certain regulatory agencies. Essential services—such as Social Security payments, the military, and air traffic control—continue to operate. 

Market Impact: Short-Term Volatility vs. Long-Term Perspective 

Markets dislike uncertainty, and shutdown headlines can spark short-term volatility. However, history shows that government shutdowns have generally had limited and temporary effects on the broader markets. 

• Equities: The S&P 500 has often experienced modest declines during shutdowns, but historically markets have rebounded once government funding is restored. For example, during the 2018–2019 shutdown (the longest in history), the S&P 500 rose more than 10% in the following month after a resolution was reached. (1,2,4) 

• Bonds & Interest Rates: Treasuries may benefit from “safe-haven” demand, though prolonged uncertainty could add pressure to credit markets. Notably, after the 2013 shutdown ended, Treasury yields stabilized quickly as confidence returned. (3) 

• Economic Data: Delays in the release of government statistics (such as jobs reports or inflation data) can create gaps in information, which may temporarily affect investor sentiment and policymaker decisions. Yet once data reporting resumes, markets tend to digest the backlog quickly and return to focusing on fundamentals. (2) 

 Practical Implications for Investors 

• Federal Workers and Contractors: Delayed paychecks can reduce consumer spending in the short run. 
  However, spending often rebounds quickly once back pay is issued, creating a temporary surge in consumer activity. After the 2018–2019 shutdown, retail sales rose sharply in February as federal employees caught up on deferred spending. (4) 

• Regulatory Approvals: Companies relying on government contracts or regulatory decisions (e.g., FDA approvals) may experience delays. 
  Once funding resumes, agencies typically work through backlogs quickly. After the 2013 shutdown, for example, the FDA and SEC cleared months of delayed reviews within weeks, with minimal long-term impact on businesses waiting for decisions. (7) 

• Confidence and Sentiment: Prolonged political standoffs can weigh on consumer and business confidence. 
  Yet confidence tends to rebound once a resolution is reached. Following the 2013 shutdown, the University of Michigan’s Consumer Sentiment Index climbed back nearly 10 points in the two months after funding was restored, and equity markets followed suit with a strong rally. (5,6) 

 Why Investors Should Stay the Course 

It can be tempting to react quickly when political headlines dominate the news cycle. Yet, disciplined investors know that the markets are influenced far more by long-term fundamentals—corporate earnings, innovation, global growth—than by temporary Washington gridlock. 

• Past shutdowns have been measured in weeks, not years. 

• Market pullbacks during shutdowns have typically been modest and short-lived. 

• Long-term investors who maintained diversified portfolios have historically weathered these periods with minimal impact on their goals.  (1,2) 

 Our Perspective 

At Gilbert & Cook, we believe moments of uncertainty are when disciplined strategy matters most. Rather than letting political noise dictate investment decisions, we focus on aligning portfolios with long-term objectives—so that you can move forward with clarity and confidence. 

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Sources:  

1. Northern Trust. (2025). Government Shutdown and Labor Market Risks. Retrieved from Northern Trust Insights 

1. American Century Investments. (2023). How Do Government Shutdowns Affect Markets? Retrieved from American Century 

1. State Street Global Advisors (SSGA). (2019). What the U.S. Government Shutdown Means for Markets and the Economy. Retrieved from SSGA 

1. ABC News. (2019, January 28). What the government shutdown means for your investments. Retrieved from ABC News 

1. University of Michigan – Surveys of Consumers. (2013). Policy uncertainty dims consumer confidence in September. Retrieved from ISR Michigan 

1. PBS NewsHour. (2013, October 18). The shutdown is over, but consumer confidence hits 10-month low. Retrieved from PBS 

1. Wikipedia. (n.d.). 2013 United States federal government shutdown. Retrieved from Wikipedia 

Disclosure: The information provided in this article is for educational and informational purposes only and should not be construed as investment, legal, or tax advice. Past performance is not indicative of future results. Historical data on market performance following prior U.S. government shutdowns may not be representative of future outcomes, and investors should not assume that markets will respond in the same way to future events. All investments involve risk, including the potential loss of principal. 

See important disclosure information at: gilbertcook.com/disclaimer

Investment News $100M Club: Linda Cook & Megan Rosenstiel

We are honored to share that Gilbert & Cook Advisors, Linda Cook, and Megan Rosenstiel have been included in InvestmentNews’s inaugural $100M Club: Top Female Advisors 2025. This new recognition spotlights women in wealth management who hold at least $100 million in individual assets under management, and demonstrates excellence, leadership, and client‑centered service.

Congratulations Linda & Megan!

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Disclosure: Linda Cook and Megan Rosenstiel of Gilbert & Cook Advisors were named to InvestmentNews’s $100M Club: Top Female Advisors 2025 list. This inaugural list was based on nominations and required verification; eligible female advisors were those with a minimum of $100 million individual AUM as of December 31, 2024. Gilbert & Cook did not pay to be included. This recognition is not based on investment performance and may not be representative of any one client’s experience or predictive of future results.

Gilbert & Cook Named One of America’s Fastest-Growing RIAs — Again!

Gilbert & Cook Named One of America’s Fastest-Growing RIAs — Again!

We’re proud to share that Gilbert & Cook has once again been recognized in Citywire RIA’s 2025 report: 50 Growers Across America — an annual ranking of the fastest-growing Registered Investment Advisory (RIA) firms in each state.

This marks the third time in the past four years (2022, 2023 & 2025) that Gilbert & Cook has earned this recognition, a testament to the lasting trust of our clients and the dedication of our growing team.

The 2025 report analyzed over 15,000 SEC-registered firms nationwide and selected just 146 firms across all 50 states. Rankings were based on:

• Year-over-year AUM growth

• Percentage of AUM growth

• Employee headcount expansion

“Sustained growth only happens when you stay focused on delivering real value,” said Zach Ripka. “This recognition reflects our team’s shared commitment to helping clients Live a Life of Abundance®, no matter how complex or dynamic their financial world may be.”

At Gilbert & Cook, we believe growth is not just about numbers—it’s about the lives we help shape. This honor reinforces our belief that when we lead with purpose, progress follows.

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Explore CityWire’s annual 50 Growers Across America report on citywire.com: https://citywire.com/ria/special-reports/50-growers-july-2025/a2468618

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Disclosure & Methodology: The 2025 50 Growers Across America is presented by CityWire RIA. Gilbert & Cook did not pay to be considered for or included in this ranking. Inclusion is based entirely on the criteria and methodology established by CityWire RIA. This rating may not be representative of any one client’s experience and is not indicative of future investment performance. To be eligible for the Citywire RIA "50 Growers Across America" list, firms must be independent RIAs that file their own Form ADV with the SEC and provide financial planning and related services to clients. Citywire RIA looked at eligible firms' growth in 2024 across three categories: percentage growth in assets under management (AUM), monetary growth in AUM and percentage growth in employees. Citywire RIA uses these figures to create a "growth factor" score with companies scoring highest by state being named to the list. No fees or other considerations are required from RIAs to be included in the Citywire RIA ranking.

Roth Accounts: Small Contributions, Big Results

Roth Accounts: Small Contributions, Big Results

Roth contributions are a powerful tool for building savings for retirement. For 2025, the amount you can contribute to a Roth IRA is $7,000, or $8,000 if you’re over age 50. Those might not seem like huge amounts, but over time, they can grow into significant TAX FREE pools of assets. The earlier you can get started, the better.

So, What Exactly Are Roth Contributions?

Roth contributions go into a retirement account, like a Roth 401(k) or Roth IRA, after you've paid taxes on the money. That means you don’t generally get a tax break today, but your contributions grow tax-free, and when you take them out in retirement, they’re completely tax-free too (as long as you meet a few rules).

Why make Roth contributions? Here are the Benefits:

1. Tax-Free Growth and Withdrawals

With Roth accounts, all the growth is yours to keep.

2. More Flexibility in Retirement

Since Roth withdrawals don’t count as taxable income, they can help you stay in a lower tax bracket in retirement. That gives you more control over how much tax you pay and can even reduce how much you owe on things like Social Security benefits or Medicare premiums.

3. You Know What Your Taxes are Now

Predicting future tax rates is like predicting the weather in the future. With Roth contributions, you're locking in today’s tax rates, which are historically low. If tax rates rise in the future, you may save by making after-tax Roth contributions versus making pre-tax contributions, which are taxed later.

4. No Required Minimum Distributions (RMDs) for Roth IRAs

While traditional IRAs force you to start withdrawing money (and paying taxes) by a certain age, Roth IRAs let your money keep growing untouched for as long as you want. That’s great for people who don’t need the funds right away, or if you want a great account type to pass to your heirs as they won’t have to pay taxes on the funds either.

5. Great for Younger Savers

If you’re early in your career and in a lower tax bracket, Roth contributions are especially valuable. You’re paying relatively little in taxes now and potentially avoiding higher taxes later when you’re in a higher tax bracket.

6. You Can Withdraw your Roth IRA Contributions at Any Time

If you’ve made contributions to a Roth IRA and you decide you need some of those funds, any amount you’ve contributed can be withdrawn at any time, with no penalty and no tax. This gives Roth IRAs flexibility that traditional IRAs and pre-tax retirement plans just don’t have.

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A Quick Example

Let’s say you make the following contributions to a Roth IRA earning 8% a year:

·       $2,000 a year from Age 25-30

·       $3,000 a year from Age 30-39

·       $4,000 a year from Age 40-49

·       $5,000 a year from Age 50-59

·       $6,000 a year from Age 60-65

After making all those small contributions, by age 65 you would’ve contributed $166,000, but your account would be worth over $900,000!

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Diversify Your Account Types

You don’t have to choose between traditional and Roth. You may be able to do both! As long as you meet the income requirements, you can contribute to a Roth IRA and a pre-tax retirement plan (like a 401k). And if your income is too high, you may be able to utilize a backdoor Roth strategy that converts post-tax dollars into Roth dollars. Either way, getting money into a Roth IRA protects it from future taxes, and that can be a smart way to diversify your tax situation in retirement.

Don’t Forget to Invest!

After making your contributions, you’ll need to invest them! Consult with your Gilbert and Cook team for help with your investment allocation.

Bottom line: Roth contributions might not give you a tax break today, but they offer tax-free money tomorrow. And when you’re living your best retired life, you’ll be glad you made the choice to save a little now for a lot more later.

Ready to start? Whether it's a Roth IRA or a Roth 401(k), it’s worth exploring how this strategy fits into your financial plan. Consult with your Gilbert and Cook team for help with choices around Roth contributions.

The Future of Business in Iowa: As seen in Fortune & Entrepreneur

Sophisticated Strategies

As seen in Fortune & Entrepreneur Magazines; Linda Cook, Managing Partner & Founder of Gilbert & Cook, is interviewed on “the Future of Business in Iowa”. Meet Linda Cook

Originally published in Fortune Magazine & Entrepreneur Magazine in September 2025. (PDF)

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Being an entrepreneur, I’ve learned the value of an abundance mindset” says Linda Cook, CFP®, managing partner and founder of Gilbert & Cook. This mindset allows for the freedom to have a vision, innovate, and grow. “I started Gilbert & Cook because I believed entrepreneurs like me deserved more than cookie cutter advice,” says Cook. “I’ve been in their shoes—facing high stakes, building a legacy, and trying to make smart decisions with no margin for error.”

What if the next chapter of your life brought even more freedom, impact, and purpose than the first? That’s the kind of vision Gilbert & Cook helps turn into reality.

Access to Intellectual Capital

Entrepreneurs and families with significant wealth typically find themselves facing unique and complex opportunities, requiring a more sophisticated solution. Utilizing methodologies founded on years of experience, the team at Gilbert & Cook delivers individually tailored wealth management strategies for their clients’ financial security.

A team-based approach is crucial to Gilbert & Cook’s long track record of success. As an ensemble, the team at Gilbert & Cook provides each client the support to best suit their needs throughout their entire financial journey. Not only do they deliver advice around traditional investments, but their bench strength also provides access to opportunities in private equity, private debt, and other alternative investments.

“Our in-house investment and planning teams allow us to build sophisticated strategies for our clients,” Cook says. “We are committed to nurturing relationships with our clients, while providing individually tailored results.”

Behind every plan is a bench of sharp financial minds, working together to turn complexity into clarity. In addition to Gilbert & Cook’s roster of Certified Financial Planners (CFP®) and Chartered Financial Analysts (CFA®); the team includes several tax-planning focused CPAs as well as Certified Exit Planning Advisors (CEPA), Retirement Income Certified Professionals (RICP®), Certified Divorce Financial Analysts (CDFA®), and other designated professionals.

“An entrepreneur who is looking to make an orderly exit from their business has a very different set of needs from a corporate executive who is looking to maximize their company’s benefit structure for retirement,” Cook explains. “The one thing they have in common is their complexity. As a team, we’re able to navigate that complexity in a way that no one person could ever do on their own.”

“In a world full of financial advisors, we are truly different,” Cook says. “We’re dedicated to helping our clients achieve a life of abundance, no matter how complex their financial lives may be.”

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Additional Coverage on the Associated Press

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Disclosure: Advisory Services offered through Gilbert & Cook, Inc. a Registered Investment Adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability. Advisory services are only offered to clients or prospective clients where Gilbert & Cook, Inc. and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Gilbert & Cook, Inc. unless a client service agreement is in place. Gilbert & Cook, Inc. does not offer tax or legal advice. Consult with an attorney for legal advice and a qualified tax professional for tax advice.

CFP Board owns the marks CFP®, CERTIFIED FINANCIAL PLANNER™ in the U.S.

Gilbert & Cook Named One of America’s Top Financial Advisory Firms by Newsweek

Gilbert & Cook is honored to be recognized as one of America’s Top Financial Advisory Firms 2025 by Newsweek and Plant-A Insights Group, a national acknowledgment of the firm’s enduring commitment to empowering clients to Live a Life of Abundance®. 

This recognition celebrates the firm's impact and excellence in private wealth management, based on a large-scale independent study conducted by Newsweek and Plant-A Insights Group. The study analyzed more than 15,000 SEC-registered financial advisory firms across the United States, using a range of criteria including client satisfaction, growth of assets under management, and professional reputation. 

“To be recognized among the top financial advisory firms in the nation is incredibly meaningful,” said Chris Cook, Chief Investment Strategist and Partner at Gilbert & Cook. “It reflects the trust our clients place in us, the dedication of our ensemble team, and our shared commitment to helping people make confident, informed decisions about their financial future.” 

For more than 30 years, Gilbert & Cook has helped individuals, families, and business owners simplify complex financial choices and align their wealth with what matters most. Guided by its core value—a quest to grow and improve—the firm continuously evolves to deliver personalized, sophisticated planning and investment strategies that reflect each client’s unique goals. 

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Check out the full list and read more about the methodology.

About the Rating & Required Disclosures 

Newsweek’s America’s Top Financial Advisory Firms 2025 ranking was created by Newsweek in partnership with Plant-A Insights Group. The list was compiled based on an independent analysis of over 15,000 SEC-registered financial advisory firms and evaluated factors including client satisfaction, firm growth, and industry reputation. 

Gilbert & Cook did not pay to be considered for or included in this ranking. Inclusion is based entirely on the criteria and methodology established by Newsweek and Plant-A Insights Group. This rating may not be representative of any one client’s experience and is not indicative of future investment performance. 

2025 Mid-Year Review - Event Summary

Navigating Consumer Sentiment, Volatility, and Financial Markets Outlook

At the midpoint of 2025, investors face a familiar yet evolving landscape—one where political headlines, short-term volatility, and emotional sentiment often blur the view of long-term fundamentals. In a recent event hosted by Gilbert & Cook, Chief Investment Strategist Chris Cook provided insight and context to help investors cut through the noise and stay focused on the drivers that truly matter.

Consumer Sentiment: Low Readings, Positive Outcomes

Chris opened with a long-term perspective on consumer sentiment, drawing on a University of Michigan chart dating back to the early 1970s. With current sentiment hovering around 52.5—near historical lows—he reminded the audience that this isn't uncharted territory. Similar sentiment troughs occurred during Watergate and Vietnam in the 1970s, the inflation crisis of 1980, the tech bust, the 2008 financial crisis, and the COVID shock.

Despite the pessimism in those moments, the subsequent 12-month market returns often turned positive. "Investor emotion doesn’t always track market fundamentals," Chris emphasized. "Low sentiment has historically created opportunities and actually mitigated risks."

The Political Noise vs. Market Reality

From tariffs and immigration to fiscal and monetary policy changes, today’s headlines often amplify market anxiety. Chris noted that while such headlines can trigger short-term volatility, they rarely dictate long-term market direction. Investors who react emotionally may miss out on rebounds rooted in earnings growth and broader economic resilience.

Bear Markets: Lessons in Perspective

To put current volatility in context, Chris compared today’s market climate with bear markets of the past—such as 1973–74, the dot-com bubble, and the 2008 recession—all of which played out over extended periods. More recent disruptions, such as the COVID crash and the 2022 inflation-driven downturn, were sharp but brief.

The takeaway? Resist the temptation to exit quality investments due to short-term market movements. "The market rewards patience, not panic," Chris advised.

Corporate Earnings Remain the Core Driver

While headlines come and go, corporate earnings remain the lifeblood of market performance. Chris shared encouraging projections: U.S. companies are expected to deliver +9% earnings growth in 2025 and +14% in 2026. These robust estimates suggest continued strength in business fundamentals—critical fuel for long-term stock market gains.

U.S. Debt: Stimulus Today, Challenges Tomorrow

Turning to the broader economy, Chris addressed the U.S. debt-to-GDP ratio, which stands at roughly 100%. He explained that while increased government borrowing can stimulate economic activity in the short term, it is not a sustainable long-term strategy. The fiscal injections we see today support consumer spending and business momentum, but rising debt remains a structural concern that demands vigilance over time.

A Global Shift? International Equities and Currency Impact

A notable shift in performance has emerged in global markets. During the first half of 2025, European equities outpaced U.S. stocks in U.S. dollar terms. For example, Germany’s market delivered a 19.2% local currency return—but when converted to dollars, the gain swelled to 35.2% thanks to a weaker U.S. dollar versus the Euro.

This may signal the start of a more sustained leadership rotation from U.S. equities to global markets. "Investors need to think globally," Chris noted, "and currency dynamics are playing a larger role in total returns."

Spotlight on the U.S. Middle Market

Lastly, Chris highlighted an often-overlooked area of opportunity: U.S. middle-market companies with EBITDA between $10 million and $100 million. Taken collectively, these businesses represent what would be the world’s third-largest economy—behind only the U.S. and China.

While institutional investors like insurance companies have long targeted this space, Gilbert & Cook is also providing clients access through partnerships with managers specializing in private equity and middle-market lending. “It’s an area of the market that offers attractive risk-adjusted returns and diversification,” Chris explained.

Conclusion: Staying Focused Amid Uncertainty

While the headlines may stir uncertainty, the fundamentals tell a more stable story—one of earnings growth, evolving global leadership, and opportunity in overlooked segments of the market. For investors, the challenge isn’t just navigating the noise, but understanding where clarity and conviction lie.

At Gilbert & Cook, we remain committed to helping others look beyond the daily headlines and stay aligned with strategies designed to weather volatility and pursue long-term abundance.

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Linda Cook named as a 2025 Best-in-State Wealth Advisor by Forbes

We are excited to announce that Gilbert & Cook’s Founder and Managing Partner, Linda Cook has been named to the 2025 Forbes ranking of Best-In-State Wealth Advisors. 

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This elite list annually recognizes the country’s top-performing financial advisors who are leading the way in offering best practices and providing a high-quality experience for their clients. Top advisors are presented on a state-by-state basis, and the ranking is based on industry-specific qualitative and quantitative factors. 

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Forbes Best-In-State Wealth Advisors, created by SHOOK Research. Most recently presented in April 2025 based on data gathered from 06/30/2023 to 06/30/2024. No fee was paid to be included in the ranking. A fee was paid to hold out in marketing materials.

The Forbes ranking of Best-In-State Wealth Advisors is developed by SHOOK Research. Each advisor selected by SHOOK Research is chosen based on an algorithm of qualitative and quantitative criteria, including in-person interviews, industry experience, compliance records, revenue production, and assets under management. SHOOK Research is the only rating firm that interviews advisors via telephone and in person. 

What the 2025 Tax Legislation Means for You

What the 2025 Tax Legislation Means for You:

Highlights from the “One Big Beautiful Bill Act”

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As we enter the second half of the year, one of the most consequential developments for individuals and businesses is the passage of the much-anticipated 2025 tax legislation—formally referred to as the Tax Relief for American Families and Workers Act, but popularly dubbed “One Big Beautiful Bill Act” (OBBBA).

Designed to extend and preserve many of the favorable provisions of the 2017 Tax Cuts & Jobs Act (TCJA), this new legislation provides clarity around tax planning for high earners and business owners, while introducing a handful of noteworthy new benefits. Here’s what you need to know:

1. Individual Income Tax Rates Remain Favorable

The bill “permanently” extends the individual tax brackets established under the TCJA, avoiding a scheduled reversion to higher pre-2017 rates. This means the 10%,12%, 22%, 24%, 32%, 35%, and 37% marginal tax brackets will continue—an important win for high-income individuals and families looking for long-term predictability. Notably the 10% and 12% bracket levels also received inflationary adjustments.

2. SALT Deduction Cap Expansion (with a Catch)

The cap on State and Local Tax (SALT) deductions increases from $10,000 to $40,000 for married couples filing jointly. However, this benefit starts to phase out for households with Modified Adjusted Gross Income (MAGI) between $500,000 and $600,000. This creates a planning opportunity for those taxpayers below the phaseout range—but may offer little relief for higher-income earners (with MAGI greater than $500,000). The marginal federal tax rate between $500,000 and $600,000 of MAGI can be as high as 45% taking into consideration the phaseout of the SALT deduction from $40,000 back to $10,000.

3. Standard Deduction and Itemized Limitations

The higher standard deduction established under the TCJA remains intact. The Pease limitation on itemized deductions is eliminated but replaced with a new limitation. Specifically, the effective itemized deduction benefit drops from 37% to 35% for those in the highest federal income tax bracket.

 4. Estate Tax Exemption Rises

The estate tax exemption will increase to $15 million per individual in 2026 (from roughly $13.99 million in 2025), adjusted annually for inflation thereafter. This increase provides a larger window for legacy planning and tax-efficient wealth transfer strategies, especially for those with complex estates. The OBBBA legislation did not make any material changes to basis step-up, family entity planning, or grantor trust regulations.

5. New Individual Provisions to Watch

Four new tax breaks have been introduced:

• Qualified Tips Deduction: Often referred to as the No Tax on Tips provision, this legislation doesn’t technically eliminate all tax on tips but provides a deduction on tip income received. The provision allows a taxpayer to deduct up to $25,000 of qualified tips from income for years 2025 to 2028. The deduction starts to phase out for Single Taxpayers with $150,000 of MAGI or Married Filing Joint Taxpayers with $300,000 of MAGI.

• Qualified Overtime Pay Deduction: Similarly, there is a deduction for Qualified Overtime Pay, which has been referred to as No Tax on Overtime. The deduction is $12,500 for Single Taxpayers and $25,000 for Joint Taxpayers. The phaseouts are similar to the Tip provision. Note only the overtime portion of pay is excluded, not the regularly hourly rate.  For example, if regular pay is $30.00 per hour and overtime pay is $45.00 per hour, ONLY the additional $15.00 per hour is deductible as “overtime pay,” subject to the aforementioned phaseouts.

• Enhanced Temporary Senior Deduction: The Enhanced Senior deduction, touted as No Tax on Social Security, is a deduction up to $6,000 for Single Taxpayers and $12,000 for Joint Filers. The deduction starts to phase out for Single Taxpayers with MAGI of $75,000 and Joint Filers with $150,000 of MAGI. Projections from the legislation suggest roughly 88% of Taxpayers will now not incur tax on their Social Security (up from approximately 65%), but Social Security can still create a tax liability for high income individuals.

• “Above the Line” Charitable Deduction: Starting in 2026, a new provision in OBBBA allows non-itemizers to deduct up to $1,000 ($2,000 for married couples filing jointly) for cash contributions made to public charities (does NOT apply to donations to Donor Advised Funds).  This provision is similar to temporary deductions offered during the Covid-19 pandemic, which saw significant participation.

While some of these provisions are unlikely to benefit high-net-worth families directly, they could be meaningful for employees or children entering the workforce.

Additionally, interest paid on loans used to purchase domestically-produced vehicles may now be deductible—an incentive aimed at boosting U.S. manufacturing.

6. Business Owner Provisions Offer Significant Opportunities

This bill continues to provide robust support for entrepreneurs, medical practice owners, and closely held businesses:

• 199A Deduction Extended: The 20% pass-through income deduction for qualified business income (QBI) remains in place, continuing to provide substantial tax savings for those individual business owners who are eligible.

• 100% Bonus Depreciation Restored: Businesses can once again claim 100% bonus depreciation on qualifying property. Before OBBBA, bonus depreciation was at 40%.

• Section 179 Expensing Increased: The limits on 179 Expensing (both the deduction and qualifying property place in service) have both increased.

• Improved QSBS Treatment: Enhanced tax treatment of Qualified Small Business Stock (QSBS) makes equity-based planning more attractive and entity-based planning more important. Depending on your long-term goals with a business, whether a business is a pass-through entity or a corporate structure could have significantly different tax results.

What This Means for You

This legislation offers continuity in many areas while providing new opportunities for proactive tax planning. For individuals with significant income or estate planning needs, the preservation of TCJA rates and the expanded estate exemption could be especially impactful.

For business owners, the extended deductions and accelerated depreciation rules can materially improve after-tax profits and support reinvestment.

Next Steps

At Gilbert & Cook, we view tax planning as a key component of your broader wealth strategy. With the 2025 legislative changes now in place, we encourage a mid-year review to assess how these updates align with your personal and business goals.

Whether you're evaluating gifting strategies, planning a business exit, or simply looking to optimize your income and deductions—our team is here to provide clarity and confidence in every decision.

Let’s talk about how these new provisions may impact your plan—and how to position yourself to live a life of abundance.

Disclosure: The material presented has been gathered from sources believed to be reliable, however Adviser cannot guarantee the accuracy or completeness of such information, and certain information presented here may have been condensed or summarized from its original source. Gilbert & Cook does not provide tax or legal or accounting advice, and nothing contained in these materials should be taken as such. Gilbert & Cook is a Registered Investment Adviser. SEC Registration does not constitute an endorsement of Gilbert & Cook by the SEC nor does it indicate that Gilbert & Cook has attained a particular level of skill or ability

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