At second-generation Lee Michaels Fine Jewelry, nothing is more valuable than people.

https://vimeo.com/1161144437 Growth looks different for family enterprises—and today’s market presents...

The One, Big, Beautiful Bill (OBBB), enacted July 4 as H.R. 1, provides long-awaited clarity for business taxation heading into and beyond 2025. For manufacturers, the bill largely extends and modifies rules originating from the Tax Cuts and Jobs Act (TCJA). While not a complete tax overhaul, the OBBB reshapes core provisions involving business income, R&D, depreciation, interest deductibility, energy credits, international tax, SALT deductions, and reporting requirements. The result is a more stable environment for long-term tax planning — with new opportunities and new complexities.

As the number of ultra-high-net-worth families has continued to rise, so has the use of the term “family office.” Once a narrowly defined structure designed to manage the full financial and administrative lives of wealthy families, the label is now used broadly — often applied to firms whose services fall well short of that original mandate.