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Edition No. 007
New York · London
Private Infrastructure Daily
Independent Intelligence on Infrastructure Capital
Thursday, August 20, 2026
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Michael Kitces
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In PWD coverage since August 18, 2026 · 5 stories
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A vacation home is a clue, not the goal
Kitces and Richards show why asking "what would having that allow you to do?" turns a stated want into something worth testing.
practice · Aug 18
Retire SMART's $800M book: 25% of revenue into marketing
book · Aug 18
The client's gut is financial data
exit · Aug 18
Two failed successions later, Kahler Financial sold to an accounting firm
advisor_note · Aug 18
AI agents pile up recommendations. Only advisors can turn them into advice.
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