When Realism Meets Optimism FERNANDO DE FRUTOS, CFA, PhD | JANUARY 2026 • Global growth is firming; the U.S. remains the marginal leader: A broader pickup in investment and productivity supports a constructive global cycle. Within that, continued U.S. outperformance and any narrowing in fiscal and trade gaps at the margin are typically dollar-supportive and … Continued

Wealth management is not a product or volume business, but a human discipline grounded in judgment and responsibility. Sustainable excellence comes from aligned teams, long-term thinking, and clarity—not speed, scale, or shortcuts. Boreal is built for professionals who value depth, integrity, and enduring client relationships. At Boreal, we believe wealth management is not a product … Continued