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How High-Net-Worth Families Invest Beyond the Balance Sheet

Every year, Long Angle surveys its private member community — entrepreneurs, executives, and investors with portfolios from $5M to $100M — to understand how they allocate their time, money, and trust.

The 2025 High-Net-Worth Professional Services Report reveals what today’s wealthy families value most, what disappoints them, and where satisfaction truly comes from.

From wealth management to wellness, from private schools to personal trainers — this study uncovers how the top 1% make choices that reflect their real priorities. You’ll see which services bring the greatest satisfaction, which feel merely transactional, and how spending patterns reveal what matters most to affluent households.

• Benchmark your household’s service spending against peers with $5–25M portfolios.

• Learn why emotional well-being often outranks financial optimization.

• See which services families are most likely to change — and which they’ll never give up.

• Understand generational differences shaping how the wealthy live, work, and parent.

See how your spending, satisfaction, and priorities compare to your peers. Download the report here.

Download the Free Report

BWX Technologies Inc. DCF Stock Analysis.

Here’s my assumptions:

Risk Free Rate (10 Years Interest Rate Swap): 3.89%

Risk Premium (Taken from the Aswath Damodaran equity premium spreadsheet): 4.33%

Interest Rate Spread on The Risk free rate ( For the cost of debt calculation): 3.5%

Historical Data

Revenue growth in the last 10 years (CAGR): 6.69%

Earnings growth in the last 10 years (CAGR): 8.85%

Unlevered Free Cash Flow growth in the last 10 years (CAGR): -12.44%

Future Assumptions

End of Year FCF growth: 4%

Growth until end of 2026: 8%

Growth until end of 2034: 4%

Perpetual growth: 3%

Net Debt: 1.43B

Outstanding Stock Options Present Value Assumption: $0.025B

Restricted Stock Units Present Value Assumption: $0.128B

Stock Valuation based on these assumptions: $72

Last update 12/01/2025

All the content in this newsletter should be taken as informational content only. THIS IS NOT FINANCIAL ADVICE! Do your own Due Diligence before investing or contact a professional financial advisor.

I don’t have a position in BWX Technologies (BWXT) and I don’t plan to add a position in the coming days.