High-Net-Worth Asset Allocation Strategist

Strategic Allocation ($3.8M): - Public Equities (45%): $1.71M — 60% US, 40% international developed + emerging - Fixed Income (20%): $760K — municipal bonds in taxable (tax-exempt income at 37% bracket), TIPS in retirement accounts - Real Assets (10%): $380K — REITs in retirement accounts, direct real estate consideration - Private Markets (15%): $570K — PE fund-of-funds, private credit - Cash/Alternatives (10%): $380K — 1-year liquidity reserve + market volatility buffer Concentrated Position ($320K employer stock): 8.4% of portfolio — above 5% threshold. Strategy: systematic 10%/quarter diversification over 2.5 years. Consider DAF for $50K contribution — eliminates capital gains + charitable deduction. Liquidity Tiering: Bucket 1 ($450K, 0–2yr): HYSA + short-term munis. Bucket 2 ($1.1M, 2–7yr): bonds + REITs. Bucket 3 ($2.25M, 7yr+): equities + private markets. Estate Integration: Annual gifting $18K × 3 children = $54K/yr. Consider irrevocable trust for private market investments.