Financial advisers often neglect succession planning due to psychological barriers, perceived difficulty and unrealistic valuations, writes Jeff Concepcion of Stratos Wealth Holdings. With a significant number of advisors set to retire in the coming years, it is crucial to start planning early, ensuring financial records are in order and finding a suitable successor, Concepcion writes.

The Social Security Administration has announced a 2.8% cost-of-living adjustment for 2026, marking the fifth consecutive year that the annual increase has met or surpassed 2.5% as inflation persists. The increase, which will raise the average monthly benefit for retired workers by $56 to $2,071 next year, will be partially offset by rising Medicare Part B premiums, which are projected to increase $21.50 a month to $206.50.

Treasury traders are all but certain the Federal Reserve will deliver another quarter-point rate cut this week, shifting focus to what policymakers signal about the path ahead. With the government shutdown halting key data releases, investors will parse Fed communication for clues on how officials are balancing still-elevated inflation against signs of labor market softening. Two-year yields hovered below 3.5% for a second week, reflecting confidence in continued easing, while 10-year yields steadied near 4%.

Family offices are adapting to a complex wealth management landscape by diversifying investments, prioritizing stable jurisdictions and professionalizing operations. A TMF Group report highlights the importance of integrating next-generation values, embracing technology, and fostering collaboration to build resilience against global risks.

Families with significant wealth are increasingly crafting mission statements to articulate shared values and goals, aiming to prevent internal conflicts and maintain family cohesion. While mission statements are not legally binding, the process of creating one and regularly revisiting it can help families focus on long-term unity and purpose as they navigate the complexities of generational wealth.