Capital Market Assumptions and Portfolio Strategy: Key 2025 Takeaways
February 20, 2025
How should investors adjust their expectations as market conditions evolve?
In this episode of The Wealth Enterprise Briefing, Michael Zeuner, managing partner and Deputy CIO Matt Farrell of WE Family Offices, break down the role of capital market assumptions in portfolio construction and what the latest projections mean for investors in 2025.
Key takeaways include:
- Understanding Capital Market Assumptions – How historical data and forward-looking projections shape asset allocation.
- Lower Return Expectations – Why projected returns have declined across most asset classes and what this means for investors.
- The Role of Private and Alternative Investments – How illiquid assets may offer enhanced returns in a lower-yield environment.
Michael and Matt emphasize that while capital market assumptions provide a valuable framework, they are not predictive—investors must balance data-driven insights with flexibility in their long-term strategies.
For more information and insights on capital market assumptions, listen to the full episode.
As always, if you have any questions or need further insights, please don’t hesitate to contact us.
Important Information:
The Wealth Enterprise Briefing contains our current opinions and commentary, which are subject to change without notice. The Briefing is distributed for informational and educational purposes only and does not consider the specific investment objective, financial situation, or particular needs of any recipient. Information contained herein has been obtained from sources we believe to be reliable, but we do not guarantee its completeness or accuracy. The information in the Briefing is not a recommendation of any security or other type of asset, and should not be relied upon as investment, legal or tax advice. Please consult with your investment, legal and tax advisors regarding any implications of the information presented.
