Biotechnology indices rose 1.5%, supported by FDA approvals in oncology. Investing an inheritance into biotech ETFs could capture asymmetric upside in innovation-driven valuations. The U.S. stock market recently hit new highs, but according to Michael Sonnenfeldt, founder of Tiger 21 — an exclusive network of ultra-high-net-worth investors — the ultra-rich aren’t chasing the hype. This question is more on point than you may know. Canada’s great wealth transfer is already under way, with more than a trillion dollars being passed down, according to CPA Canada. And, according to a 2024 report by Manulife Private Wealth, more than a third of older Canadians are worried about it.