Wealth Building

CAIA charting challenges for advisors interested in Alt investments

A new report from CAIA offers advice to financial advisers on how they should approach integrating alternative investments into client portfolios. According to Aaron Filbeck, CAIA's managing director and head of UniFi from CAIA, there is now widespread interest in the wealth management industry in adopting alternatives. However, getting to the “implementation stage” still presents…

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NewEdge Snags $540M Team from Carson

NewEdge Advisors, the New Orleans-based RIA partnership platform owned by NewEdge Capital Group, has snapped up a team of advisors from Carson Wealth. Stonebridge Financial Partners, a firm based in Troy and Grand Rapids, Mich. with $540 million in client assets and a team of 18, has joined NewEdge, a major LPL Financial enterprise, through…

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Wealth Management Investing: Investing in Private Markets

WealthManagement.com's David Bodamer talks with Jake Miller, co-founder and chief solutions officer at Opto Investments, about the evolving private markets landscape and how RIAs can use new strategies to benefit their clients. They touch on opportunities and challenges within private equity, private credit, infrastructure and real estate, as well as Opto's recent partnership with Mercer…

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Allworth buys $220M Northern California RIA

Allworth Financial, the Folsom, Calif.-based registered investment advisor with approximately $22 billion in assets under advisement, has acquired Del Monte Group, a Walnut Creek, Calif.-based RIA with over $220 million in assets. Terms of the deal were not disclosed. This represents Allworth's 18th location in California, its fifth deal this year and its 36th acquisition…

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Deepfake Risk Advisors Take With Video Marketing

Your voice may be compromised. It's not a risk that financial advisors had to take seriously a decade ago. Today, it is a very real threat. For a successful adviser who spent decades building a well-curated list of high-net-worth clients, the threat hit home. After spending $8,000 on a video project for his website, Ken…

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Retail funds dive into quant ETFs after $48 billion

(Bloomberg) — Traders are pouring billions of dollars into quantitative-powered stock markets, boosting an investment style that is struggling to gain traction in a Age when simple bets on traditional large-cap indexes have yielded good results. Money managers have sunk nearly $48 billion into so-called smart beta equity exchange-traded funds this year, either to capture…

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Schwab's Aguilar Eyes Up 20% After $1.2 Trillion Milestone

(Bloomberg) — Omar Aguilar of Charles Schwab Corp. is seeing fresh asset growth – up to 20% a year – as its investment management arm surpassed a $1 trillion milestone on rising markets and voracious demand for cost-effective funds. Connected: Schwab's Bernie Clark: The First Trillion Dollar RIA Is Coming Schwab Asset Management's chief investment…

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$4 billion Ritholtz hires Callie Cox as first chief market strategist

Ritholtz Wealth Management, the $4 billion New York-based registered investment advisor, has named Callie Cox as its first chief market strategist. Most recently, Cox was an investment analyst at social investment platform eToro. While Ritholtz already has several market gurus, including Director of Institutional Asset Management Ben Carlson, Managing Partner Michael Batnick and CEO Josh…

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Adapted to risk: The independence of navigation

Verne Marble, director of business development at Private Advisor Group, shares some great insights about navigating the decision-making process to go freelance in this very entertaining episode. Verne discussed the importance of understanding what business structures are available to financial advisors and deciding what best fits their practice. Verne also shared some considerations financial advisors…

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A Terrible and Great Future for 401(k) Providers and Advisors.

In the last RPA Recordkeeper Roundtablethe focus was on how to handle it explosion of new 401(k) plans, especially smaller ones, the lure and welcome of wealth managers, and the cost and opportunities with the technology. With rates stable or falling and the cost of technology and labor rising while demand for service increases, what…

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