Occasional research notes on wealth governance, structural risk, and the gaps that most advisors never talk about.
Under international accounting standards, any company that controls more than one entity must consolidate. Many wealthy families are as complex as mid-size corporations — yet have none of the governance infrastructure.
McKinsey and JPMorgan project cumulative AI infrastructure investment of $5–7 trillion by the end of the decade. The bottlenecks are not in software — they are in energy, chip packaging, memory fabrication, and the physics of moving data.