Sophisticated investors understand that the best investment opportunities often come with different compensation structures. When commission-based investments provide access to institutional-grade opportunities like 1031 DSTs, Qualified Opportunity Zones, or private real estate that fee-only firms simply cannot offer, the focus shifts from fee structure to net outcomes and exclusive access.

For decades, bonds were the go-to tool for generating steady income and reducing portfolio risk. But as we look ahead to 2025 and beyond, there are some real challenges on the horizon for the bond market that investors should be paying attention to.

Here’s what’s going on—and what it could mean for your long-term strategy.

For decades, the 60/40 portfolio—60% stocks, 40% bonds—was the go-to strategy for long-term investors. It worked well in a world of stable interest rates, moderate inflation, and broad diversification across public markets.

But let’s be honest: we’re not in that world anymore.

If you’re an investor, advisor, or someone sitting on capital gains, you may have heard that Opportunity Zones just got a big boost. On July 4th, the President signed into law the OBBBA, a bill that gives the Opportunity Zone (QOZ) program a major facelift—and makes it permanent.

Let’s break down what changed, what it means for investors now, and how this could reshape the landscape for years to come.