Using market volatility as opportunities to make changes - adding money when markets go down and peeling off when rising

Scaling back but not removing big tech, moving toward equal-weighted approach due to concentration in 7 stocks versus 493 others

Reason for moving from overweight to equal weight on big cap technology: significant run-up, some companies not performing as well, more opportunities elsewhere, and avoiding concentration

Focusing on S&P 500 large cap companies that can utilize AI rather than AI companies themselves

Moving clients into private markets as companies stay private longer and wealth creation happens pre-IPO

Private infrastructure now includes data centers and cell towers alongside traditional assets

Moving from 60/40 portfolio to 55% equities with alternatives, maintaining fixed income including municipal bonds expected to perform well next quarter

Using mostly ETFs for crypto exposure as clients are in early learning phase