Financial Institutions Quarterly Insights 4th Quarter 2025
TONY ALBRECT & PATRICK LARSON Q4 Strategy
January 13, 2026
Find out more
AREAS OF EXPERTISE
Municipal Quarterly Insights 4th Quarter 2025
PATRICK LARSON Q4 Review - The Fed Eases
January 12, 2026
Find out moreFinancial Institutions Insights 3rd Quarter 2025 Q4 Strategy
TONY ALBRECHT & PATRICK LARSON Q4 Strategy
The 3rd quarter was very good for many investors. Interest rates declined, the Fed lowered the fed funds rate by 25 basis points, the NASDAQ advanced 11% and the S&P 500 increased 7%.
October 15, 2025
Find out moreMunicipal Quarterly Insights 3rd Quarter 2025
PATRICK LARSON Q3 Review – Glad That’s Settled
People were feeling good about the prospects of an established global trading regime, with a base tariff rate of 10%, and “reciprocal” tariffs on roughly 60 countries.
October 14, 2025
Find out moreFinancial Institutions Insights 3rd Quarter 2025 Strategy
Markets finished the 2nd quarter in a pretty good mood. Interest rates on short to intermediate bonds fell slightly and longer-term rates rose slightly. Equities posted very solid gains despite a sharp decline in April as tariff uncertainty roiled equity markets.
August 27, 2025
Find out moreMunicipal Insights 3rd Quarter 2025
We are the proverbial “frogs in the boiling water” in that at the start of April most people thought that global trade was going to be redefined and even decades old strategic alliances were coming to an end. As “Liberation Day” came and went, followed by pauses, reversals, and occasionally amplified threats U.S. trade policy has quickly become much more livable than originally thought.
August 27, 2025
Find out moreFinancial Institutions Insights 2nd Quarter 2025 Strategy
The first quarter came in like a lamb and went out like a lion.
April 17, 2025
Find out moreMunicipal Insights 2nd Quarter 2025
Art is subjective and “progress” may depend on your vantage point and bias.
April 17, 2025
Find out moreMunicipal Insights 1st Quarter 2025
Will “Higher for Longer” Ever End?
January 17, 2025
Find out moreTHOUGHT LEADERSHIP
Corporate Insight
Employee Benefits
IRS Releases Guidance Related to Recent HSA Changes
The IRS recently released Notice 2026-5, which provides guidance and answers to common questions related to the expanded availability of health savings accounts (“HSA”) under the Reconciliation Act (previously named the One Big Beautiful Bill Act) passed into law earlier this year.
December 30, 2025
Learn More
Property and Casualty
Are you prepared for 2026? Property and Casualty Trends Uncovered
The sixth annual Property and Casualty Market Outlook from Alera Group sets the stage for how organizations can recalibrate their risk strategies in 2026. Built on thousands of data points — including a nationwide survey of insurance company partners and wholesale intermediaries — this report delivers actionable insights for insurance buyers, risk managers and business leaders.
December 17, 2025
Learn More
Employee Benefits
Legal Alert: Agencies Clarify How Certain Fertility Benefits May be Treated as Excepted Benefits
This alert is of interest to all employers that offer fertility benefits or may be interested in offering fertility benefits in the future.
November 4, 2025
Learn More