Did you know that the most consumed commodity in the US is not included in the most popular and largest commodity indices? Tim Kramer, CEO of CNIC Funds takes a deep dive into investing in electricity, which is often overlooked compared to other commodities. Tim discusses opportunities to invest in electricity, the benefits of including…

Avantax, the tax and RIA focused broker/dealer acquired by Cetera Holdings last yearhas added Noble Oak Financial, a team of advisors in Augusta, Ga. Advisors Josh Linton and Mike Koltz joined from LPL Financial, where they managed approximately $300 million in client assets. Both previously ran the wealth management business for Queensborough National Bank and…

Credent Wealth Management, a $2.6 billion registered investment advisor headquartered in Indiana, has raised more than $50 million in capital from Crestline Investors, an alternative investment manager, in the form of debt financing. David Hefty, CEO of Credent Wealth Management, said the firm spoke to 19 institutional investors and one of the main reasons they…

Powder, a fintech startup that launched at the annual T3 conference in January, has raised $5 million in seed funding from 40 Silicon Valley-based venture capital firms and technology leaders. These investors include YCombinator, General Catalyst, Funder's Club, Elefund, Litquidity Ventures and Script Capital, as well as Jon Xu, a co-founder at FutureAdvisor, and Bryant…

Simon Cowell, the reality star and record producer, has an estimated net worth of $600 million. How much of this will be left to his son? According to him, nothing. Listen in as host David Lenok is joined by Thomas Kopelman, head of community at Wealth.com's Estate Planning platform and co-founder of All Street Wealth….

The COVID-19 pandemic has highlighted the fragility of the business landscape in ways no one could have anticipated. With most people confined to their homes and dealing with social distancing rules, businesses had to adopt new ways to make money or risk closing their doors. One of our clients owned a dental clinic in a…

A $3 billion wealth management team from Citi Private Bank, specializing in extremely high net worth clients, is joining the Denver-based Alpha Capital Family Office. Alexandra Romeo Boyles and Will Coughlin are joining the firm as senior wealth strategist and senior investment strategist (both will also be partners at Alpha Capital). Both advisors are based…

With the SEC's final authorization for spot Ethereum ETFs now official, ETF trading will begin on Tuesday morning. There is a buzz about the potential recall of these new products. However, the initial request from VNRs is expected to be muted. “We think if the Ethereum product gets somewhere in the 20% range of where…

No longer in a shed, economics and societal pressures are causing the defined contribution industry to evolvesomewhat annoyingly, since retirement in general and DC plans specifically have become sexist with over 10,000 baby boomers retiring every day. The themes that run through the main stories are: The explosion of DC's plans, Convergence of…

When advisor Phil Fiore began his career at Prudential Securities in the 1990s, the most common way to build a book of business was to “call for dollars,” cold-calling complete strangers in the hopes of persuading them to submit their assets and invest in the latest favorite stock. “How many times am I going to…