This Week in Beyond Wealth
The 6 most common HNW tax blindspots and how to avoid them.
Proactive health measures beyond the annual physical.
What private/alternative assets are in your peers’ portfolios.
Money & Markets
What common tax mistakes should I be aware of?
As wealth compounds, tax planning transitions from simple filing to complex management. We hosted a webinar for Long Angle members to discuss common tax planning mistakes made by HNW households:
Entity Structure Drift: Operating a growing business as a legacy sole proprietorship or LLC often results in unnecessary self-employment tax and missed Qualified Small Business Stock (QSBS) eligibility.
Retirement & Benefit Gaps: Overlooking structures like a mega backdoor Roth could limit contributions and leave tax-free growth on the table.
Delayed Exit Planning: Treating a business sale or like-kind exchange as just a "closing-day" task without upfront planning could reduce your pre-tax mitigation options.
Concentrated Stock Risks: Allowing a single position to grow until the tax hit feels "too expensive" to sell might prevent proper diversification.
Passive Philanthropy: Funding gifts with cash rather than appreciated stock through a Donor-Advised Fund (DAF) effectively results in paying taxes on money you give away.
Whole-Portfolio Blindspots: Not optimizing asset location (e.g., shielding high-tax assets in an IRA) could create a persistent, unnecessary drag on annual returns.
Read our blog post: Common Tax Mistakes and How Smart Investors Avoid Them
Life, Health, & Family
How are high-net-worth families approaching preventive health?
We recently polled more than 250 Long Angle members asking about their preventative care habits.
The fundamentals still lead the way: 91% prioritize annual physicals and standard bloodwork, and 72% stay up-to-date with age-based screenings like a colonoscopy or mammogram.
Only 40% of respondents invest in more targeted diagnostics, meaning more than half could be missing out on the predictive power of advanced bloodwork. While standard labs are designed to detect existing disease, advanced panels look for biomarkers (like ApoB for heart health or hs-CRP for systemic inflammation) and hormone levels that signal imbalances years before symptoms appear.
Niche, proactive approaches remain less common but have dedicated advocates:
Early detection: multi-cancer blood tests (Galleri) or genetic testing.
Advanced imaging: full-body MRIs or CT scans.
Concierge medicine: high-touch, personalized care models.
In our forum, members emphasized the fundamentals of sleep and nutrition. Others highlighted habits like 3x/year dental cleanings and annual full-body checkups to catch issues early.
Private Market Perspectives
How do individual investors allocate to private markets and alternatives?
According to Long Angle’s 2026 High-Net-Worth Asset Allocation Study, 94% of HNW investors now allocate to private or alternative assets. These include private companies, real estate, crypto, and more.
That means nearly the entire high-net-worth population has moved beyond the '60/40' portfolio.
Investment real estate leads in adoption, held by two-thirds of investors, likely due to its role in providing both yield and a tangible inflation hedge.
Crypto takes the #2 spot in a significant shift for HNW portfolios. In fact, slightly more investors in this group hold crypto than invest in private equity funds.
Beyond the top three is a long tail of strategies targeting a mix of:
Upside potential: venture capital, angel investments, founder/employee shares
Income: private credit, direct loans, annuities
Uncorrelated returns: precious metals, collectibles, hedge funds
Around Long Angle
In their own words: How members describe Long Angle
What is Long Angle? In a recent forum discussion, Long Angle members shared how they describe us to friends and colleagues. They skipped the corporate jargon and told it like it is:
“Reddit with respectful people” - High-signal, curated discussions without the noise.
“A mastermind group” - A private sanctuary for investors and entrepreneurs to share unbiased advice.
“A trusted circle” - A confidential space to discuss the unique realities of financial success.
Long Angle is where 8,000 vetted members have the financial and lifestyle conversations that don't happen anywhere else.
Curious if you’re a fit? Learn more about membership here.
Published By
Chris Bendtsen
Insights Lead, Long Angle
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This material is for informational purposes only and is not investment advice regarding any security or investment strategy. Long Angle does not provide legal or tax advice, consult your attorney, CPA, or tax professional regarding your situation.
Long Angle Management, LLC (Long Angle), is an SEC registered investment adviser firm. Registration does not imply a certain level of skill or endorsement. Investing involves risk, including potential loss of principal. Past performance is not indicative of future results.