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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Jake McCarthy, Vice President & Private Wealth Advisor at Third View, recently spoke on a panel at the 2026 New York RIA Summit, where he provided insights on our approach to multi-generational wealth planning.

Helping clients navigate the emotional and relational aspects of wealth transfer is something we’re passionate about because it’s not just about building wealth; it’s making sure the next generation is prepared when greater financial responsibility eventually comes their way.

As we enter the second half of 2026, the investment landscape remains constructive, but more complex. Economic growth remains positive, corporate earnings are expanding, and the long-term opportunity set tied to artificial intelligence, data infrastructure, automation, energy, and security remains intact.

At the same time, markets have become more concentrated, inflation has proven more persistent, and the path of monetary policy has become less certain.

Our view is straightforward: we remain constructive, but selective. The first half of the year rewarded a narrow group of AI infrastructure winners.

We believe the next phase of the cycle will require a broader lens, with greater focus on companies that can convert AI investment into revenue growth, productivity gains, margin improvement, and measurable earnings power, while maintaining our focus on quality, durability, pricing power, and free cash flow.

A: Like many investment vehicles, there’s a case to be made for how they might add value, depending on your goals. So it’s more about understanding how these accounts work, and how that might benefit you.

(If you want to know more about how Trump Accounts work, we sent out a recent email with more info here)

If you have a child born between January 1st, 2025, and December 31st, 2028, you qualify for a $1,000 deposit from the federal government. In that case, it's worth opening the account to claim the $1,000, and if this applies to your grandchildren, it's good advice to pass on to your kids.

With contributions capped at $5,000 a year, a Trump Account isn't a meaningful wealth transfer tool, so we wouldn't view it as a replacement for the wealth transfer strategies we’ve likely already discussed.

On whether to keep contributing, a few things to know… The funds aren't accessible until your child turns 18. At that point the account passes to their control and is treated as a Traditional IRA, which makes it effectively an early start retirement account, with a 10% penalty on earnings pulled before age 59½.

That's why, for college saving, a 529 Plan is typically a better vehicle. Qualified 529 withdrawals are fully tax free, while a Trump Account used for education only waives the 10% penalty, and the earnings are still taxed as income. If the money is meant for your kids’ retirement rather than school, the Trump Account has more of a role.

If you want to discuss your situation, just reach out to one of us, and we'll help you decide if there’s value in opening one of these.

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

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.