The potential impact of trade tariffs and tax policies are keeping the leaders of mid-market companies up at night right now.
With the Trump administration imminent, a survey of CEOs from mid-market firms reveals that these two issues are most concerning and some are considering taking drastic actions to mitigate the financial hit they may suffer.
More than 53% of respondents to the CBIZ-Hofstra University CEO Survey said that they have strong concern about the financial impact of tariffs. More than eight in ten said they are considering relocating production to mitigate these costs, three quarters may reduce their workforce, and almost as many may delay investments. Increasing prices and looking at new suppliers are also under consideration.
"Our findings highlight the profound ripple effect that even the discussion of tariffs is having on the middle market, forcing CEOs and management teams to rethink their strategies at every level," said Jerry Grisko, President and Chief Executive Officer of CBIZ. "These economic factors compel businesses to be more agile, re-evaluate their operational frameworks, and seek innovative solutions to maintain resilience and competitiveness. Understanding and anticipating these shifts are crucial for CEOs.”
The main things affecting mid-market CEOs’ decision making currently include:
On tax policies, there have been some winners and losers according to the participants in the survey.
The Tax Cuts and Jobs Act has been moderately beneficial for 43% of respondents including reduced corporate tax rates and bonus depreciation. More than half say extending TCJA would likely benefit their business while 30% expect no impact.
There is a clear division regarding the Inflation Reduction Act with 43% saying they have benefited and 48% saying they have seen no tangible gains.
"While tax reforms have provided relief for many, the overall impact remains uneven across industries," said Bill Smith, National Director of Tax Technical Services at CBIZ. "The survey underscores the complexity of tax-driven economic policies and the need for individually tailored strategies to address them."
Firms continue their quest to attract and retain the best advisor teams.
A survey from TacticalMind AI found 69% of advisors say a high-quality AI platform that makes investment recommendations and constructs portfolios is worth $500 monthly, while research-only tools are valued closer to $250.
The alts tech provider's latest integration lets advisors query fund data and surface portfolio insights without leaving their primary workspace.
The regulator is scrutinizing how some firms oversee concentrated positions in complex "worst-of" notes – and wants answers.
Meanwhile, Carson Group fully integrates a decades-old practice in Phoenix, Arizona, and Triad Wealth touts its 5x growth to hit a $2 billion milestone.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
