First Horizon Will Launch New Global Asset Strategies

The firm plans to refresh its allocation model later in 2026 to help manage portfolio concentration.

Updated on Sept. 21, 2026 in Investing

Isometric editorial illustration of matte, geometric containers of different sizes representing global asset allocation, emphasizing order and diversification. — First Horizon Wealth Management plans to launch new global asset allocation strategies in late 2026 to mitigate concentration in technology and AI sectors. AI Illustration. Upload story photo >

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Do you prioritize broad diversification over speculative growth investments in your personal portfolio?

First Horizon Wealth Management will introduce new global asset allocation strategies in late 2026. The shift aims to address high market concentration in technology and artificial intelligence.

Why it matters

The firm is updating its approach to reflect changing capital market assumptions as it seeks to improve diversification. This update follows a period where market participation has begun to broaden across asset classes.

First Horizon currently manages $39.1 billion in assets, with balanced portfolios typically allocating 45% to 60% to equities and 10% to 15% to alternative assets. The exact impact of the pending 2026 strategy shift on specific portfolio weightings remains unknown.

The players

First Horizon Wealth Management

An investment firm managing $39.1 billion in assets that utilizes quality and value-based tenets for client portfolios.

Eric Teal

A wealth management leader who joined the firm at the beginning of 2026.

The details

Portfolio managers at the firm evaluate investments using quality, dynamic, and value-based tenets. They currently utilize liquid or semiliquid funds and interval funds to gain alternative asset exposure while excluding crypto assets entirely. The new strategy rollout is intended to navigate the current high concentration in technology and AI stocks.

Small-cap stocks began to outperform in June 2025.
Eric Teal joined the firm at the beginning of 2026.
The firm will roll out new asset allocation strategies in late 2026.

Money Landscape

This move follows a period of heavy reliance on technology and AI stocks, which have dominated market returns. By formalizing new allocation strategies, the firm is positioning itself to capture gains as market participation broadens.

Investors should review how their current portfolios are allocated between equities, fixed income, and alternative assets in preparation for the upcoming shift. Discussing how style and factor exposures impact your specific long-term goals with a qualified financial professional is recommended.

The takeaway

Market concentration in top-tier technology stocks has prompted firms to seek broader diversification across asset classes. Investors should monitor their own portfolio exposure to individual sectors and consult a professional to ensure their risk tolerance matches their current holdings.