Evertern Wealth

As a dad, providing for your family and future generations is the one of the most noble acts a father can perform. To all the dads and grandads dedicated to their family's prosperity, we appalude your hard work and wish you a very special Father's Day. Enjoy your time today.

Michael Heiser, CFA serves as Chief Investment Strategist, overseeing Evertern Wealth's investment philosophy, portfolio construction, and asset allocation framework. He leads investment research and strategy across client portfolios, employing a disciplined combination of strategic and tactical asset allocation intended to manage risk and pursue clients’ long-term, after-tax objectives.

Michael has more than 15 years of experience in the financial services industry. Earlier in his career, he worked as a derivatives portfolio manager in Chicago and later as a Senior Consultant at a global institutional wealth and asset management firm, advising on portfolio strategy and investment implementation.

This institutional background informs his disciplined, risk-aware investment philosophy. Outside of work, he enjoys golf, tennis, and fishing, and values time outdoors with his family. Read his full bio at the link in the comments.

Families seek us when clarity and strong leadership matter most. As wealth evolves, pivotal decisions arise, and how they’re handled shapes the future your family can enjoy for generations to come.

BUSINESS EXITS & LIQUIDITY EVENTS
We guide entrepreneurs through the arc of transition, from pre-sale planning and liquidity strategy to post-transaction portfolio design, tax coordination, and long-term stewardship.

CONCENTRATED LOW-BASIS STOCK POSITION
We design integrated strategies that balance diversification, tax efficiency, liquidity needs, and long-term risk within the broader context of family and generational goals.

POST-LIQUIDITY RETIREMENT TRANSITIONS
We provide centralized oversight to consolidate fragmented accounts, legacy advisors, and planning strategies into a clear framework for retirement income and long-term stewardship.

LIFE TRANSITIONS & UNINTENTIONAL WIDOW SUPPORT
In moments of personal loss, we offer our discretion, compassion, and leadership as we oversee cash-flow and bill pay, coordination with estate counsel and CPAs, and estate administration guidance.

Do you have the right guidance, leadership, partnership and stewardship to help protect what you worked so hard to build? Let's have a conversation to align on what's best for your complex and generational wealth needs through our CFO-lead, family office services.

Visit EverternWealth.com for your complimentary asset review.

MARKET TURN INSIGHTS: There is a deepening underperformance of consumer stocks against a resilient broader market.

The equal-weighted US consumer discretionary index relative to the S&P 500 has fallen to 0.07, its lowest reading in 20 years. Since 2021, this ratio has collapsed -42%, breaking below both the 2020 and 2008 lows. Over the same period, the S&P 500 has surged +60%, outperforming the equal-weighted consumer discretionary index by roughly 10x, with the latter gaining just +6%.

The weakness is echoed in sentiment data: US Consumer Sentiment fell a further -5.0 points in May following a -3.5 point drop in April, reaching an all-time low of 44.8. The disconnect with equities is striking — the S&P 500 is up +17% since March 30th and closed Friday just -0.5% below its all-time high.

Bottom Line: The consumer is flashing a warning sign that equity markets have so far chosen to ignore. With discretionary stocks at a 20-year relative low, sentiment at an all-time low, and the ratio breaking below crisis-era floors, the data points to a consumer under genuine stress.

The key question is whether this is a leading indicator for broader market weakness or simply a reflection of a bifurcated economy — where high-income households drive equity gains while lower-income consumers retrench.

Either way, the gap between Wall Street and Main Street has rarely been wider.

Reach out if you have questions on how we balance market risks and help protect your family's wealth. Schedule time with us at EverternWealth.com



The content of this post is for informational purposes only and should not be considered financial, tax, or investment advice. Decisions regarding this topic should be made based on your personal situation and in consultation with a qualified financial professional. Evertern Wealth does not guarantee the accuracy or completeness of the information provided. See sourced provider.

Institutional access. Independent advice. Fully aligned with you.

As an independent firm, we’re able to offer the perfect balance of boutique, multi-family office services and stewardship with the institutional strength, security and capabilities of Goldman Sachs Custody Solutions.

This relationship with one of the world’s premier financial firms allows us to combine highly personalized advice with the scale, resources, and technology that are typically reserved for large institutions.

We intentionally chose Goldman Sachs as a custodian for our clients’ assets because of their reputation, experience, and specialization in serving families with larger, more complex balance sheets.

This allows us to design more customized solutions around you, while leveraging deep institutional expertise, strong infrastructure, and a long-standing commitment to safeguarding client assets.

Learn more at EverternWealth.com



*Custody, clearing and certain brokerage services are offered by Folio Investments, Inc., which conducts business as Goldman Sachs Custody Solutions (GSCS). GSCS is an SEC-registered broker-dealer and Member FINRA/MSRB/SIPC. Neither this material nor any of its contents shall constitute an offer, solicitation, or advice to buy or sell securities.

Michael (“Mic”) Lundon is Founder and Managing Director of Evertern Wealth, where he provides portfolio management, financial planning, and guidance on estate, trust, and business transition matters. He works closely with business owners, senior executives, and multigenerational families, delivering personalized advice for clients with complex financial needs.

Mic brings more than 28 years of experience in the financial services industry, with a career defined by advisory leadership and broad team responsibility. His background includes experience advising high-net-worth families as well as leading large advisory organizations.

Mic holds the Certified Exit Planning Advisor® (CEPA) designation, specializing in helping business owners integrate tax strategy, investment planning, estate design, and business transition planning into coordinated, long-term liquidity strategies — reducing complexity during high-stakes transition events.

Earlier in his career, Mic held multiple executive leadership roles, including Sales Manager and Complex Director across Northeast Ohio and Western Pennsylvania. In these positions, he led and mentored more than 150 financial advisors and supported teams responsible for approximately $20 billion in client assets.

Mic is an active supporter of several nonprofit organizations, including MAKE A WISH FOUNDATION CHARITY, the American Heart Association, and Artis—Naples. He currently serves on the board of the MS Center of SWFL. He has also served on the boards of Susan G. Komen of Northeast Ohio, the Pepper Pike Civic League, and the Boler School of Business Dean’s Advisory Board at John Carroll University.

Read Mic's full bio: https://www.everternwealth.com/team/michael-lundon/



*Disclaimer:

The Forbes Best-in-State Wealth Management Teams list, developed by SHOOK Research, covers the period from January 1 to December 31 of each year, and was released the following year. Neither Evertern Wealth nor any of its advisors pay a fee in exchange for this recognition. Jason was on this list from 2023 – 2026. For more information regarding the methodology of these rankings, please visit: https://bit.ly/3RObtTj

Our Founder & Managing Partner, Jason Stephens, sits down with Barron's to talk about the tax benefits of living in Florida for wealthy Americans.

Florida is attracting a new, younger generation of wealthy Americans — not just retirees, but working-age financial professionals and business owners who can run their operations remotely. Jason has been hosting workshops for prospective Florida migrants for two decades and has seen attendance grow from about 150 to 250 people per winter season. His typical attendees have a net worth between $25 million and $200 million.

The migration is being fueled by rising taxes in other states, now intensified by federal funding cuts that are forcing states to fill budget gaps. California is pursuing a one-time 5% billionaire tax, and Washington recently passed a 9.9% "millionaire's tax" on income above $1 million.

The savings can be significant by moving to Florida, as there is no state income tax, estate tax or inheritance tax. For example, a New Yorker earning $1 million annually can potentially save over $100,000 a year in income taxes alone, while a $100 million estate avoids nearly $15 million in New York estate taxes. Florida also allows dynasty trusts that can shelter wealth for up to a thousand years.

Have a Barron's subscription? Read the full article here: https://bit.ly/42fGZiC