(Bloomberg) — The late Jack Bogle — the father of the first index fund — loathed their exchange-traded offspring, warning that it only stimulates speculative trading among “fruit trees and nuts and nuts and nuts.” crazy edge. Fast forward to 2024, and critics warn that a new generation of ETFs are designed to do just…

While firms increased their assets under management by 18% in 2023, this figure does not account for market growth, which was at 11.4%, according to a new study conducted by Ensemble Practice and BlackRock. However, new client AUM, which grew an average of 7.5% in 2023, speaks more to the health of an adviser's business,…

our WealthStack 2024 Studythe third in this annual series, came out last week. One of the findings that intrigued me and that I would like to investigate further is a 7% drop in respondents reporting the use of marketing and technology related to customer retention as a business area that their technology supports. Related: Finny…

With Federal Reserve chairman Jerome Powell increasingly signaling a normalization in monetary policy and rate cuts expected to begin next month, total returns for the FTSE Nareit All Capital Index rose 12.5% ​​to today in the third quarter. This increase has pushed the index from negative territory to 10.0% for the year. Gains have also…

Raymond James will pay more than $1.9 million to settle FINRA allegations that it failed to properly report written customer complaints to regulators for years. The regulations require firms like Raymond James to regularly update representative Forms U4 and U5, which catalog certain written and verbal customer complaints. Specifically, a FINRA rule requires firms to…

Recently, Adobe, maker of Photoshop, Creative Cloud and Acrobat Sign, came under fire for changes to its terms of service that raised concerns about data privacy. This incident serves as a stark reminder that user agreements, terms of service and other fine print that most users ignore can significantly impact businesses and their customers –…

The big news in the technology executive changes was the announcement (in a exclusive to our Diana Britton) that Brian McLaughlin, president of advisor technology at Orion Advisor Solutions and co-founder of customer relationship management software Redtail Technology, would be leaving at the end of September. In Tech People move this week AJ Boury, who…

With the rise of robo-advisors and AI-driven investment management, it's clear that technology isn't just a tool—it's a game changer. As these tools grow, they challenge traditional roles, but offer tremendous opportunities for those willing to adapt. To stay competitive, especially with valuable but often overlooked SMB customers, embracing digital transformation is essential. With intergenerational…

When RIAs see their faster-growing peers boast more than double their prospect-to-client conversion rate, they naturally begin to ask, “What do I need to do to get to their level?” of Herbers & Co. Services Market Growth Study. 2023 found that firms categorized as organic top producers close 7 out of 10 of their prospects,…

CIO and Managing Partner of Silvant Capital Management, Michael Sansoterra, talks about why he believes growth investing is a condition, not a category. Source link