K&B: The Year Ahead
Dear Friends,
Since our founding on November 11, 1966, we at Kimelman & Baird have been in the business of managing client assets. For 60 years, we have strived to offer you the same sound advice and care that we would give ourselves and our own families.
The result of our focus is a multi-generational client base that has grown steadily since our earliest days. We are extremely proud that all these years later we still count so many of the same families as clients today. We enter our seventh decade of business incredibly grateful for your partnership and committed to continuing our tradition of attention and care in guiding your financial journeys.
While the relative success of the investments we make is indeed critical to our process—and our longevity speaks well of those—we are proudest of the advice we’ve offered and the care we’ve shown to our clients over the past 60 years. It’s that spirit, we believe, that has been most instrumental in guiding clients through ten bear markets, nine recessions, financial crises, dozens of market corrections, 15 presidential elections, unfortunate geopolitical and global conflicts, and even a global pandemic. Our commitment to creating trusted, long-lasting relationships helps clients achieve their goals and forge meaningful legacies.
That approach—a hallmark of the K&B experience since 1966—continued this past year and will continue into the year ahead.
Market View 2026
As we enter 2026, global equity markets seem poised to continue their rally from the lows of last April. The United States economy is positioned for growth as pro-business policies, tax incentives, and lower interest rates continue to awaken animal spirits. The economies of Europe and Asia are also trending upward compared to this time a year ago. Collectively, the macroeconomic environment is creating a positive backdrop for investing.
Companies that are investing in artificial intelligence, as well as suppliers to the accompanying data center expansion, are leading the current momentum in the market. Our firm is well-positioned in this arena, with investments in enterprises such as Alphabet, Nvidia, and Amazon, among many others.
We’re bullish on the positive downstream effects of AI adoption, as a growing number of companies stand to benefit from incorporating these tools into their operations. This group comprises a much wider swath of companies, wherein we are also exceptionally well represented.
While we are cautiously optimistic as we head into the new year, we remain cognizant of the volatility and widespread political unrest that has characterized the state of the world over the past few years. We continue to monitor all events closely, as they can affect investor confidence and corporate earnings.
Our investing discipline, however, is based on the long-term forecast of a company’s business model, not on short-term events. For that reason, we remain confident that our approach will be able to withstand market volatility.
The K&B Team and Our Clients
Over the past two years we have hired three young associates to bolster our capabilities in research, trading, and relationship management. Our relationship with Fidelity Investments and the power of its platform gives us the confidence to perform for our clients at scale presently and into the future.
We view it as both a responsibility and a privilege to manage assets across multiple families and organizations, including 14 families whose assets we have managed for three or more generations. Furthermore, managing assets for non-profit organizations has been a cornerstone of our firm since the 1980s. Over the past year, we have continued to build partnerships with organizations where our experience can be meaningful. This work has naturally broadened our role in the philanthropic space. Today, that involvement includes not only managing assets for nonprofit organizations but also helping clients structure and carry out their charitable giving. In 2025, we managed $95M across various charitable organizations and facilitated the donation of $500K across client accounts to at least 80 unique organizations. We believe in the spirit of giving back, and we pride ourselves in our ability to help clients fulfill their own philanthropic goals in ways that feel most meaningful to them.
An Invitation to Celebrate
As we approach our 60th anniversary, we are overwhelmed both by pride in the work we have done and the relationships we have forged and by gratitude for our clients, who have made this milestone possible. We simply could not do this work without you, and we do not take the trust you have placed in us lightly.
To commemorate the achievements of the past 60 years and to look with excitement toward our next chapter, we plan to host a cocktail party this fall in New York City for all our clients and employees. When we have a date secured, we will issue a formal invitation. We look forward to sharing the evening with as many of you as possible.
In this anniversary year, we are especially thankful for your partnership and your trust. As always, please do not hesitate to reach out with any questions, or to refer any friends or acquaintances who may be seeking financial advice. You can reach us by phone and by email, and you can keep apprised of our services by visiting kimelmanbaird.com, a new version of which will launch in late spring this year.
In 2026, as in every year, we remain committed to helping you navigate your financial future with clarity and purpose.
In gratitude,
The K&B Team