Evolve Private Wealth 's CIO published a piece on why the IRR number works this way.

Evolve Private Wealth is an independent, employee-owned registered investment advisor built for entrepreneurs, business owners, and multi-generational families navigating complexity. We operate as a modern family office, integrating investment management, tax strategy, estate planning coordination, and balance-sheet advice into a single, cohesive relationship. Our approach is adaptive by design, allowing us to evolve alongside our clients as their lives, businesses, and priorities change. Free from constraints, we build solutions intentionally around the client, not the institution, with a focus on clarity, flexibility, and long-term decision-making. Evolve is supported by an experienced, multi-disciplinary team and integrated infrastructure, built to support complex families at meaningful scale. Adaptive wealth. Enduring legacy.