Trajan Estate: Legal services offered by Trajan® Estate, LLC in Arizona and Utah, and by Estate Lawyers, PLLC in other states. Trajan® Estate, LLC’s principals are Kent Phelps and Jeff Junior. Jeff Junior is also a principal of Trajan® Wealth, LLC, an SEC registered investment advisor. Fiduciary advisor not dually licensed as a securities broker and not able to sell securities for a commission. Trajan® Wealth, LLC does not provide legal services. Trajan® Estate, LLC and Trajan® Wealth, LLC have entered into arrangements in which Trajan Estate, LLC refers clients with financial advisory needs exclusively to Trajan® Wealth, LLC, and Trajan® Wealth LLC refers clients with estate planning legal needs exclusively to Trajan® Estate, LLC.

Trajan Tax: Tax services offered through Trajan® Tax L.L.C. Trajan Wealth, LLC may refer qualified clients to Trajan® Tax LLC for tax services. Trajan® Tax LLC may refer clients to Trajan Wealth, LLC for advisory services.

Annuities: D.B.A. Trajan® Wealth Insurance Solutions. Trajan Wealth Advisors act as Insurance Agents when selling annuities and/or life insurance.  Annuities are not Advisory products. They are insurance products with differing features, benefits, risks, and costs.  Different products may have different features and benefits. Any income guarantee is backed by the claims-paying ability of the issuing insurance company.  Your Agent will assess your suitability for such products.

Cantor: High Yield Savings account offered by Cantor Fitzgerald Insured Cash Program℠ as an Introducing Party for a deposit bank program. The deposit bank program is established and administered by StoneCastle Cash Management, LLC. Trajan Wealth LLC is not a member of the Federal Deposit Insurance Corporation (“FDIC”) and is acting as an Intermediary. Trajan Wealth is not a bank. Rates are subject to change with or without notice.  100K minimum deposit required.

Radio: Trajan Wealth has entered into written agreements with radio stations whose on-air radio personalities will promote Trajan Wealth and its affiliate businesses. They may discuss our products and services and provide an example of an experience they had with us if they are also a Trajan Wealth Client. Trajan Wealth will compensate these radio stations. The typical agreement can be based on “ads run”, and Trajan Wealth is invoiced for these charges. Charges typically range between $250-$500 per ad run. A Promotor has an incentive to promote Trajan Wealth in these instances. No additional conflicts exist.

Television/Movie: Trajan Wealth, as part of its advertising, may produce television or movie advertisements which may be available to either a “select”, or “vast” audience at Trajan’s discretion.  Regardless of the medium or audience, Trajan Wealth will include certain disclosures, where appropriate.

These advertising pieces may include “testimonials” from actual Clients and employees, or “endorsements” from non-Trajan Clients. The ad will reference whether or not compensation was given, and whether or not the person is a Client or non-Client. If additional conflicts exist, they will be disclosed.

Compensation may be in the form of fee-credits, cash, or non-cash for Clients, and cash, or non-cash for non-Clients. This compensation will typically not exceed $100 per instance. Any compensation over 1K in a given year will be memorialized in a written agreement.

5Q/IQ Financial Power-Ups Show: Information discussed during this program is intended for illustrative and entertainment purposes, and is not investment advice, or an offer to buy or sell any investment. Please consult your financial advisor for questions about your financial situation. All investments involve risk, and the potential for loss. Any examples given are strictly hypothetical. Your results may vary.

Social Media: Trajan Wealth may utilize various social media platforms to advertise its advisory services. These advertisements may include any of the advertising methods listed in the previous sections, and/or may include other methods of advertising.  Such advertisements are meant to highlight our services and will include disclosures where appropriate.

Financial Related Advertisements: Nothing mentioned is intended as investment advice, nor is it an offer to buy or sell any security. Suitability needs to be determined on a case-by-case basis. Please consult your financial advisor for questions about your personal financial situation. All investments involve risk, including the potential for loss. Any examples given are strictly hypothetical, and your results may vary.  Trajan Wealth clients and employees may have a position in any of the securities mentioned. Portfolio holdings and other data are subject to change at any time and without notice.

“Private” investments may require accreditation.

Tax Disclosure: Any materials are for informational and educational purposes and are not designed, nor intended, to apply to any person’s individual circumstances. It does not take into account the specific investment objectives, tax and financial condition, or particular needs of any specific person. Please consult with your legal and/or tax advisor before making any tax-related decisions.

Blogs: Any information provided is for illustrative purposes only and does not constitute an endorsement or an approval by Trajan® Wealth, L.L.C,.   Please consult your financial advisor for questions about your personal financial situation. All investments involve risk, including the potential for loss. Any examples given are strictly hypothetical. Trajan Wealth clients and employees may have a position in any of the securities mentioned. Portfolio holdings and other data are subject to change at any time and without notice.  Trajan Wealth, L.L.C., bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links.

Sources:

Private Market Commercial (Initial Air Date 9/26/25:)
33,000,000
4,300

Is the Market Too High Right Now?

5Q/IQ Episode 1 citations, initially aired 2/7/26:

1. “Working with an advisor adds ~3% per year” (Advisor Alpha / behavior gap). Transcript instance: 00:23:07 – 00:25:22.

References to potential benefits of working with a financial advisor (including statements suggesting an approximate “3%” annual improvement) are based on research frameworks estimating the possible value of advisory services, such as behavioral coaching and portfolio management. These estimates are not guaranteed, may not occur annually, and vary by client circumstances, market conditions, fees, and implementation.

Sources:
Vanguard: Quantifying Vanguard Adviser’s Alpha: https://www.ch.vanguard/content/dam/intl/europe/documents/en/putting-a-value-on-your-value-quantifying-vanguard-adviser-alpha-eu-en-pro.pdf
Vanguard: How to Talk About the Value of Advice: https://corporate.vanguard.com/content/dam/corp/research/pdf/how_to_talk_about_the_value_of_advice.pdf
DALBAR 2024 report press release: https://www.dalbar.com/PressReleases/doc/QAIB2024_PR.pdf

2. “2008 “peak → trough → peak again” took ~2.75 years.” Transcript instance: 00:40:23 – 00:41:02.

Historical market discussions (including references to the 2007–2009 financial crisis and recovery periods) are generalized observations. Recovery timelines vary by benchmark, measurement period, and methodology.

Sources:
Federal Reserve History – The Great Recession of 2007–2009: https://www.federalreservehistory.org/essays/great-recession-of-200709
Reuters — Key Dates and Milestones in the S&P 500’s History: https://www.reuters.com/article/business/key-dates-and-milestones-in-the-sp-500s-history-idUSBRE9450WL/

Diapers, Formula, and… Index Funds? What You Need to Know About the New “Trump Accounts”

Sources:
Internal Revenue Service (2025)Treasury, IRS Issue Guidance on Trump Accounts Established under the Working Families Tax Cuts; Notice Announces Upcoming Regulations. https://www.irs.gov/newsroom/treasury-irs-issue-guidance-on-trump-accounts-established-under-the-working-families-tax-cuts-notice-announces-upcoming-regulations.
One Big Beautiful Bill Act (OBBBA) (2025)Pub. L. No. 119-21, 139 Stat. 45 (2025). https://www.congress.gov/bill/119th-congress/house-bill/1.
U.S. Department of the Treasury (2026, January 28)Trump Accounts: The Defining Policy of America’s 250th Anniversary. Treasury Press Releases. https://home.treasury.gov/news/press-releases/sb0372.
The White House (2025, December 2)Landmark Dell Gift Supercharges Trump Accounts for America’s Kids. White House Briefing Room. https://www.whitehouse.gov/articles/2025/12/landmark-dell-gift-supercharges-trump-accounts-for-americas-kids/.

Build Permanent Family Capital: A Family Office Approach at Trajan Wealth

Yale Endowment vs. Benchmarks (36 Years)
Sources:
https://news.yale.edu/2021/05/06/self-confident-yet-selfless-yales-david-swensen-dies-67
https://news.yale.edu/2021/10/22/david-swensens-coda

U.S. Personal Savings Rate Trend
Source:
https://fred.stlouisfed.org/graph/?g=1P9XY

Data from the Federal Reserve highlights the distribution of total net worth across different wealth tiers
Source:
https://fred.stlouisfed.org/release/tables?eid=813804&rid=453

Minimizing Erosion
Source:
https://am.jpmorgan.com/us/en/asset-management/liq/insights/market-insights/market-updates/on-the-minds-of-investors/what-is-the-outlook-for-hedge-funds-in-2026

Custom Wealth Management, Not Cookie Cutter Accounts

• Model Portfolios Surge as Financial Advisors Focus on Scaling Business. (2025, August 12). InsuranceNewsNet. insurancenews.net
• Pfau, W. (2019/2021). Research and white papers on sequence-of-returns risk and retirement income frameworks (buffer assets/annuities among solutions). SSRN
• Edlich, A., Croke, C., Dahlqvist, F., & Teichner, W. (2025, May 20). Global private markets report 2025: Braced for shifting weather [Report]. McKinsey & Company. McKinsey
• Robard, Y. (2025, March 24). Why private equity wins: Reflecting on a quarter-century of outperformance [Report]. Institutional Investor

Year-End Investment Moves: Tax Harvesting, Charitable Giving, and More

Sources
IRS. Topic No. 409, Capital Gains and Losses (wash-sale, $3,000 loss offset). IRS
IRS. Publication 550: Investment Income and Expenses (wash-sale details). IRS
IRS. Retirement Topics—Required Minimum Distributions (RMDs) (age 73). IRS
IRS. Publication 590-B: Distributions from IRAs (RMD/QCD context). IRS
IRS. Publication 526: Charitable Contributions (QCD notes; charitable rules). IRS
IRS. Newsroom: 2025 Retirement Plan Limits (401(k) $23,500; IRA $7,000; catch-ups). IRS
IRS. Donor-Advised Funds (definition & framework). IRS
Vanguard. Asset location—after-tax return benefits and research paper. Vanguard+1
Vanguard. Rebalancing research (framework/frequency). Vanguard+1

What the Government Shutdown Means for You and Your Investments

Image 1 Source: U.S. House of Representatives
Image 2 Source: Bloomberg & Trajan Wealth Estimates

TW – Private Market Opportunities

  1. There are 33.2 million small businesses in America, which combined account for 99.9% of all U.S. businesses. Source: U.S. Chamber.com

  2. At their peak in 1996, there were 7,300 publicly traded companies in the US. Today there are about 4,300. Sources: CNN, EQT

  3. By early 2025, the top 10 S&P 500 companies make up nearly 40% of the index. Sources: VisualCapitalist, Bloomberg.

  4. Independent analyses show institutional allocations to private markets are material and rising.

    • Bloomberg: Increases in private markets exposure rises at top pension funds.

    • Stanford Business: Why More Public Pensions Are Taking a Chance on Alternative Investments.

    • Recent surveys estimate ~22% average allocation among surveyed institutional investors. Sources: BBH, NACUBO.