Welcome to the Third View Perspectives Newsletter—your monthly source for financial intelligence and trusted advice to help you make more informed decisions on behalf of you, your family, and your legacy.

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One of our intentions with this newsletter is to give you, our clients, an inside look at how the sausage is made, so to speak. Of course, you are the recipients of our advice, and this week, we want to explain where that advice actually comes from.

Where do we gain our insights from? How do we build points of view on the markets? And how does that translate into advice we share with you?

Our answer starts with something called the mosaic theory.

In essence, the mosaic theory means that we don’t rely on a single forecast, firm, or point of view. Instead, we build understanding the same way you’d assemble a mosaic, by pulling together many independent pieces of information and looking for the picture that emerges.

No single insight drives decisions on its own. The value comes from how those insights connect.

That’s why we invest heavily in research. We leverage the perspectives of large institutions like Goldman Sachs, Morgan Stanley, and J.P. Morgan—but we don’t stop there. We also pay for truly independent research from firms and individuals whose work is used by hedge funds and institutional investors around the world.

The benefit of independent research is that these analysts aren’t paid for optimism or headlines. They’re paid for being right. When they’re wrong, it matters to their careers, so the quality bar is high.

This combination of inputs is intentional. Big banks bring scale, access, and a broad market context. Independent researchers bring differentiated thinking, fewer conflicts, and a willingness to challenge consensus views.

If you’re thinking, doesn’t everyone in the industry seek and apply this level of research? From our experience, the answer is no. Navigating the landscape of independent research can be challenging. It’s expensive, and you need to know where to look and who to listen to. So the reality is that this level of thorough research and diverse perspectives isn’t necessarily industry standard.

We view our primary job as being the mosaic artist. We use our judgment and experience to seek out the knowledge and research that creates the pieces of the mosaic, then put all of those pieces together to form a broader picture.

The advice you receive is the result of this process. Not a single opinion. Not a reaction to the latest headline. But a carefully constructed view built from multiple sources, pressure-tested from different angles, and filtered through your specific goals and situation.

That’s how we believe real value is created, not just provided. It’s not created by seeking more information, but by doing the harder work of piecing it together and making sense of it all to create an informed opinion.

That’s our role at Third View.

Third View co-founder Jerry Sneed was recently joined by John O’Shea of Loomis Sayles Growth to discuss investment strategy & identifying growth stocks in an up market.

Catch the replay for the latest market insights and to learn more about our approach to investing.

A: We treat healthcare as a long-term financial planning matter, not a one-time insurance decision. We look at the full arc of retirement, including early retirement coverage, Medicare, and potential long-term care, and we model how costs may evolve over time.

Before age 65:

If you retire early, you’re responsible for bridging the gap until Medicare begins. This often involves private insurance, employer-sponsored retiree plans, or health exchanges. The risk we’re accounting for is unexpected out-of-pocket costs and coverage gaps.

At age 65 and beyond:

Medicare typically becomes the foundation, but it doesn’t cover everything. Most retirees choose between:

Each option has tradeoffs around flexibility, cost predictability, provider access, and long-term exposure to rising expenses.

Some clients, on the other hand, are able to self-fund portions of their long-term care, so we help them make a plan for that.

When it comes to the financial planning side of healthcare in retirement, it’s about reducing uncertainty and preserving flexibility. Healthcare decisions affect taxes, withdrawal strategies, and estate plans, so we integrate them into your broader financial picture.

By planning ahead and coordinating across disciplines, we help clients avoid surprises and make intentional tradeoffs, so healthcare supports, rather than disrupts, their retirement.

Have a question you’d like us to answer in a future newsletter? Simply reply to this email to submit it to us.

📖 The Wall Street Journal: Frank McKiernan on 4 Questions to Ask Before Buying Bonds

📖 Barron’s: McKiernan Says “Market Still Has Upside from Tax Bill, Deregulation, and Fed Cuts”

📖 FinancialPlanning: Zoltan Pongracz on Increased Access to Alternative Private Investment Markets

That’s all for this month. If you enjoyed the newsletter, the greatest compliment would be to forward it to someone you think would find it valuable. We’ll be back with more next month.
- Frank, Jerry, and Zoltan

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Past performance is not indicative of future results. The material above has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed, and Third View Private Wealth makes no representation or warranty as to the accuracy or completeness of the information, which should not be used as the basis of any investment decision. Information contained on third party websites that Third View Private Wealth may link to is not reviewed in their entirety for accuracy and Third View Private Wealth assumes no liability for the information contained on these websites. Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of writing and are subject to change without notice. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission from Third View Private Wealth. For more information about Third View Private Wealth, including our Form ADV brochures, please visit https://adviserinfo.sec.gov or contact us at (203) 408-0098.