Wealth Advisory

Guidance to help you build, protect, and pass on what matters most.
Measured impact
$16.55B
Assets under management
5k+
Households served
100k+
Individual tax returns filed annually

One coordinated approach to complex decisions

Managing wealth today requires more than standalone advice. By bringing tax, wealth, and business planning together, we help you make informed decisions, reduce complexity, and move forward with confidence—no matter what stage you’re in.
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What matters most

Advice that adapts as you evolve

Your priorities don’t stay static, and neither should your advice. We help you make confident decisions across life events, business transitions, and generational planning by aligning tax, wealth, and financial strategies around what matters most today and what’s ahead.

AUGUST 3 WEEKLY INSIGHTS

Fed holds rates steady, but markets shift to a higher-for-longer outlook

  • The Federal Reserve kept the federal funds rate unchanged at 3.5%–3.75%, but a notable 9-3 vote split revealed growing concern among policymakers a strong economy may delay any rate cuts for the foreseeable future. 
  • The decision supports the economic expansion and corporate earnings backdrop, but the unusually hawkish dissent suggests investors may need to prepare for interest rates remaining elevated longer than previously expected. 
  • For equity markets, a higher-for-longer environment could pressure valuation multiples, particularly for growth stocks, while companies with strong cash flows and pricing power may be better positioned. 
  • For fixed income investors, current bond yields remain attractive, and market expectations have shifted dramatically this year — from anticipating additional rate cuts to increasingly debating whether the Fed’s next move could be a rate hike. (Source: FOMC)

AI spending boom faces first real test

  • AI infrastructure investment continues to accelerate, with major hyperscalers projected to spend approximately $533 billion in 2026 and $605 billion in 2027 as they expand data center capacity and computing power to meet growing demand. 
  • The scale of investment is raising questions about funding and borrowing requirements, as capital expenditures increasingly consume cash flow and place greater pressure on corporate balance sheets. 
  • Investor scrutiny intensified after Alphabet reported negative free cash flow for the first time in the company’s history following a significant increase in AI-related infrastructure spending, highlighting the substantial financial commitment required to remain competitive in the AI race.
  • Markets are closely watching whether AI investments translate into sustainable revenue growth, productivity gains, and higher earnings. The outcome has implications beyond providers, influencing demand across semiconductors, power generation, electrical equipment, digital infrastructure, and the broader economy.
  • CLA has tilted away from hyperscalers in 2026, underweighting the Magnificent 7, while maintaining overall technology exposure. (Source: J.P. Morgan)

Korea's AI-fueled rally undergoes reality check

  • South Korea’s KOSPI Index became one of the world's top-performing equity markets, rising more than 121% through its June 18 peak as investors embraced the AI theme and anticipated stronger semiconductor demand. 
  • The rally has since reversed, with the index falling roughly 35% as investors reassess AI-related growth expectations, valuations, and the pace at which technology investments can translate into earnings growth. 
  • Market performance remains highly concentrated, with Samsung Electronics, SK Hynix, and Samsung Biologics among the index’s largest constituents. As a result, the KOSPI is heavily influenced by trends in semiconductors, memory chips, and global technology spending, helping drive a 43.9% return year-to-date for investors despite recent market volatility.
  • The recent volatility highlights both the opportunity and risk of thematic investing. While the long-term outlook for AI and semiconductor demand remains constructive, the KOSPI’s sharp rise and pullback serve as a reminder markets can move well ahead of fundamentals before eventually recalibrating.
  • As South Korea has transitioned into a developed country, it’s market-cap share has growth to 2.1% of global stocks. 
  • CLA maintains a U.S. overweight vs. developed economies while holding market-weight exposure to South Korea. (Source: Morningstar)
Our team
156
wealth professionals
40+
locations nationwide
100
clients served on average per advisor
$250M
average AUM per advisor
CLA private client services brings tax and wealth advisory together
Aligning your investments, estate plans, and business transactions within a comprehensive tax and wealth planning approach can bring big returns.
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We work with a broad range of clients, including business owners, family offices, individuals, institutions, private equity and capital venture groups, women, and senior corporate executives.

Our advisors act with your interests in mind, bringing deep, multidisciplinary experience, across Certified Public Accountants (CPAs), Certified Financial Planner (CFP®) practitioners, and Chartered Financial Analysts (CFAs) to deliver seamless, comprehensive support.

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