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Dear Clients and Friends, 

Merry Christmas, Happy Hanukkah, Happy New Year, Happy Holidays! We sincerely hope that you’ve been enjoying your holiday season and have felt the warmth and love from friends and family. While we all encountered difficulties in 2022 – in the markets, the economy, and more – the relationships we share with loved ones is certainly a bright spot and this holiday season is something I know many of us have looked forward to all year. Despite all the difficulties that 2022 brought, Intercontinental had a very exciting year, and a very busy Q4.

Most recently, we were honored to receive the ‘Family Office of the Year’ award in Wealth Solutions Report’s year-end Wealth Exemplar Awards, which was awarded to the top three financial advisory firms with a significant focus on ultra-high net worth client families that also engage in sophisticated, tailored services such as concierge services, tax and estate planning, and art investment advice.

In October, as a part of Hispanic Heritage Month, Chairman Isidoro Korngold was named a ‘Hispanic Top Industry Leader’ in the Wealth Solutions Report’s Pathfinder Awards, being recognized as the ‘Hispanic Entrepreneur of the Year’. In addition, International Director Kenny Korngold was featured in this Wealth Solutions Report article on serving Latin America-based clients. We continued to gain a good amount of media attention this past quarter, with various team members being featured in Yahoo! Finance, Financial Planning magazine, Advisor Perspectives, and Wealth Solutions Report.

Something else we were really excited about was our networking event held in Monterrey, Mexico in late October. The Intercontinental team was joined by Jesse Cotter of The Blackstone Group, which led to a great discussion and presentation on alternative investments and current investment opportunities in the private investment space. Thank you to those of you who joined us!

Speaking of Blackstone, Intercontinental's Chief Investment Officer Alfredo La Rosa and Senior Research Analyst Daniel Garza were delighted to attend the Blackstone University Conference in Chicago in early October, where top Blackstone executives and managers gave updates on the status of their strategies in Private Credit, Private Equity, and Real Estate, with particular attention paid to the performance of those asset classes in the current environment of higher inflation and higher interest rates.

Just before Thanksgiving, President Charlie Lutz had a great time at the University of the Incarnate Word’s 2022 Light the Way Holiday Festival, where he was honored to flip the switch illuminating the campus with over a million twinkling lights. Charlie is the former Chairman of the Board of Trustees at UIW.

In addition, we are proud to announce that Financial Advisor SaVion Harris was named to the University of Texas at San Antonio’s Alumni Association Board of Directors – the youngest member to ever be on the board.

We were also proud to recently release our ‘Sudden Wealth Guide’, an educational resource providing tips for prudent management of an inheritance or similar financial windfall. If this applies to you in any way, please click here to download the guide and learn what to do or not to do after experiencing a sudden money event.

Finally, we were very happy to hold a holiday office party right before our holiday break with the Intercontinental team plus family in attendance. We are blessed to have a wonderful team of professionals that takes great care of our clients and makes coming into the office every day a joy. Please watch our holiday video below to see some fun and festive photos from our holiday party, as well as holiday greetings from Intercontinental team members!

From the leadership team at Intercontinental, we want to say thank you for your continued support, friendship, and loyalty to our firm and to each of us as individuals. The wellbeing of you and your family is always at the top of our minds and we will continually strive to help you reach your financial and life goals. If you ever need anything at all, please do not hesitate to reach out.

Wishing you all the warmth, love, and joy this holiday season, as well as a Happy New Year! Here’s to 2023.

With profound gratitude,
The Intercontinental Team

Happy Holidays!