KH Private Wealth

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KH Private Wealth That’s why we formed the Karrh Wealth Management Group: to provide services and build long-term relationships based on trust with high-net-worth families.

Kevin Karrh, CIMA, CFP, Managing Director/Investments; Branch Manager
Zach Hope, CPWA, CPFA, Financial Advisor Associate
Geri Dvorak, Sr Registered Client Service Associate
Carson Zumwalt, Client Service Associate
Sarah Stuart, Client Service Associate
Tyler Von Richter, Client Service Associate


Hours: Monday – Friday 8:00 AM – 4:30 PM

You deserve a wealth management team that can adapt to the ever-changing markets and guide you through even your most complex financial matters. Let us help you develop a long-term plan that not only addresses your investments, but also your estate planning, trust, retirement planning, and wealth transfer needs. We primarily serve affluent families who are interested in wealth management aspects of family office services; however, we also work closely with business owners and individuals. Our goal is to a gain a deep understanding of your overall financial situation, addressing cash flow, asset management, legacy planning, philanthropy goals, and tax review needs. After hours by appointment only.
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Capital finally has alternatives.For years, investors had to reach further for return. Today, bonds are paying more than...
09/28/2026

Capital finally has alternatives.

For years, investors had to reach further for return. Today, bonds are paying more than they have in nearly two decades, and every other investment has to clear that bar.

Five things we're watching:

1. The economy continues to absorb pressure.
Growth remains resilient despite higher borrowing costs.

2. Bonds are competing again.
Meaningful yields are raising the hurdle for every new investment.

3. Energy remains a wildcard.
Higher prices can move from the gas pump into inflation, margins and rates.

4. AI enters its proving phase.
The question is shifting from how much is being spent to what that spending ultimately earns.

5. Earnings growth is becoming broader.
More sectors are participating, creating a healthier foundation for markets.

When cash, bonds, businesses, real estate and private investments all compete for capital, where is the risk worth taking?

As wealth grows more complex, the relationship behind the advice carries more weight.Judgment, perspective, and trust ar...
09/23/2026

As wealth grows more complex, the relationship behind the advice carries more weight.

Judgment, perspective, and trust are what we build with every family we serve.

Discipline. Perspective. Generations.

Every family and business owner faces the same challenge: deciding where to commit time, energy, and capital.Some opport...
09/21/2026

Every family and business owner faces the same challenge: deciding where to commit time, energy, and capital.

Some opportunities create lasting value. Others simply consume resources.

As investors, our job is to distinguish between the two.

That discipline is becoming increasingly important as capital grows more expensive and markets become more selective.

Here are this week’s five things:

1. The Fed raised rates, and another increase may be coming.
Higher borrowing costs continue to raise the hurdle for real estate, business investment and valuations.

2. AI is becoming a financing story.
The buildout is no longer just about chips and data centers. It is increasingly about who can fund the race without weakening the balance sheet.

3. Strong earnings now have to prove they are durable.
Recent earnings growth has been exceptional, but some of that strength reflects AI spending, strong chip margins and investment gains that may not repeat.

4. China is producing more than its consumers are buying.
Industrial production improved while retail sales and investment remained weak, leaving global growth increasingly uneven.

5. Energy prices are showing up at the pump again.
Higher fuel costs can move quickly through inflation, consumer spending and business expenses.

The common thread this week is capital: what it costs, where it is flowing, and whether the return justifies the investment.

Protecting wealth is important.Protecting the family enterprise is essential.Many families spend years protecting their ...
09/16/2026

Protecting wealth is important.
Protecting the family enterprise is essential.

Many families spend years protecting their investments.

Far fewer spend the same amount of time protecting everything around them.

A family’s financial life extends well beyond a portfolio. It can include businesses, trusts and other entities, technology, family relationships, decision-making structures, and the people trusted to help oversee it all.

And when disruption occurs, the source is not always a market decline.

It could be an outdated estate plan. A cyber event. A breakdown in communication. A key decision-maker becoming unavailable. Or a structure that no longer reflects the family’s circumstances.

Families that preserve wealth across generations tend to think beyond asset growth alone.

They also strengthen the systems, structures, and relationships supporting the wealth.

Because protecting the portfolio is only part of the responsibility.

Protecting the family enterprise is the larger one.

The conversation around rates has changed.The 10-year Treasury is near 5%. The 30-year is above 5%. And markets are lean...
09/14/2026

The conversation around rates has changed.

The 10-year Treasury is near 5%. The 30-year is above 5%. And markets are leaning toward another Fed hike.

That does not mean every decision changes. But a higher cost of capital affects borrowing, liquidity, valuations and how businesses operate.

This week, we are watching:

1. Rates staying higher for longer
2. Long-term yields moving for reasons beyond the Fed
3. AI becoming a financing story
4. Global markets moving on different tracks
5. A labor market that still shows underlying strength

As we move toward the fourth quarter, we are approaching the market with a bit more caution.

If capital stays expensive for longer, what changes in the decisions you are making?

What’s changing beneath a still-strong market?The headline numbers remain fairly constructive, but the details underneat...
09/08/2026

What’s changing beneath a still-strong market?

The headline numbers remain fairly constructive, but the details underneath are becoming more important.

Five things we’re paying attention to this week:

1. The labor market is cooling, not breaking. Unemployment remains low, while wage growth and perceptions of job availability are softening.

2. Growth is still holding up. The economy is slowing around the edges without showing the broad weakness we would expect heading into recession.

3. Long-term rates remain a constraint. The cost of capital continues to influence valuations, borrowing decisions, real estate and private investments.

4. Market leadership is broadening. More areas of the market are beginning to participate beyond the narrow group of AI-related leaders.

5. AI is becoming a capital-allocation story. Its impact now extends into infrastructure, debt markets, trade and global capital flows.

Taken together, we still see a constructive environment, but one that increasingly rewards selectivity.

That distinction matters when deciding where to take risk, not simply how much.

Labor Day marks an American tradition: a pause in the calendar to honor the work that builds everything else.For many of...
09/07/2026

Labor Day marks an American tradition: a pause in the calendar to honor the work that builds everything else.

For many of the families we serve, that work spans decades and generations. A family business built from nothing. Your career that funded a legacy. Your discipline practiced quietly, year after year, long before anyone called it wealth.

Today, we’re grateful for the privilege of stewarding what made your family wealth possible.

From all of us at K|H Private Wealth, we wish you a meaningful Labor Day.

Knowing what you own is one thing. Understanding how it all connects is another.Over time, wealth gets layered.A new ent...
09/04/2026

Knowing what you own is one thing. Understanding how it all connects is another.

Over time, wealth gets layered.

A new entity. Another property. A private investment. A trust. A business interest. A change in ownership.

Each decision may have made sense when it was made.

Years later, understanding who owns what is only the beginning.

For families with multiple entities, trusts, businesses, and investments, the bigger question is not ownership alone, but how the pieces connect and interact with one another.

The challenge is rarely the individual decisions. It's understanding the structure they've created together.

A business sale starts changing the family's balance sheet long before the money arrives.The sale price gets the attenti...
09/02/2026

A business sale starts changing the family's balance sheet long before the money arrives.

The sale price gets the attention.

But long before closing, the transaction changes decisions around taxes, ownership, estate planning, liquidity, charitable giving, and what comes next.

By the time the money arrives, many of the most important decisions should already have been made.

thewealthplaybook.com

Five Things That Matter To YouWeek of August 31, 2026Markets are still moving higher, but the forces underneath them are...
08/31/2026

Five Things That Matter To You
Week of August 31, 2026

Markets are still moving higher, but the forces underneath them are getting more complicated.

Here are the five things I think are worth paying attention to this week:

1. The Fed made the next move harder to call.

Inflation remains the focus, but the next move will depend heavily on incoming data. That keeps borrowing, refinancing and liquidity decisions sensitive to timing.

2. Jobs are taking center stage.

This week’s employment report could help show whether the economy is simply cooling or beginning to lose momentum. Too much weakness would change the growth story.

3. Earnings are still supporting stocks.

Corporate profits continue to improve even as valuations remain elevated. From here, results may matter more than enthusiasm.

4. AI is becoming a capital allocation story.

The buildout requires enormous investment. The harder question now is who ultimately earns the return on that capital.

5. Credit looks calm, but not everywhere.

Stress is appearing among weaker borrowers, including parts of real estate where growth assumptions are being tested. Attractive income still requires selectivity.

None of these developments stands on its own. The labor market will help shape the Fed’s next move, while rates continue to ripple through markets, borrowing decisions and the enormous amount of capital flowing into AI.

The question is what could change the current path and where those shifts may create opportunities or affect decisions already in front of you.

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Dallas, TX

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