Wealth Building

Hedge funds attract retirement money to the riskiest corner of the credit market

A high-stakes trade in the riskiest corner of a $1.3 trillion credit market is luring some of the world's most conservative investors, raising concerns that in their aggressive hunt for higher yields they could cut some trap. Pension plans and insurers have piled into funds that invest in equity tranches of collateralized debt obligations in…

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Ackman rebuked DEI's footage in the closed-door Milken session

While money managers made deals, talked about AI and hung on Elon Musk's every word at this week's top business conference in Beverly Hills, a passionate debate on diversity was taking place behind closed doors. In a small side room, about 40 people, including some of Wall Street's top black executives, crowded around a rectangular…

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Why Estate Planning with Gene Farrell

LPL Financial has been a leader in the independent broker/dealer space for years, serving approximately 22,000 financial advisors representing over $1 trillion in brokerage and advisory assets. This means that the business needs its infrastructure to be fast, reliable and secure. Everything LPL does is positioned around helping advisors take care of their clients, with…

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AlTi Tiedemann Global acquires $3 billion in multifamily office services

AlTi Global Inc., an international publicly traded alternative investment and wealth management corporation with more than $70 billion in assets across its subsidiaries, has acquired Envoi LLC, a multifamily office with $3 billion in AUM. The deal comes six weeks later AlTi reported that it was acquiring East End Advisors in New York City for…

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Wall Street has spun off about 1,000 mutual funds in the past decade

(Bloomberg) — Mutual funds are being extinguished at a faster pace than new launches as trillions of dollars continue to flow out of products in favor of exchange-traded vehicles. Connected: What if mutual funds could also trade as ETFs? While 95 new mutual funds have debuted this year, 123 have already closed, according to Morningstar…

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Wealthstack Overview: Advisor360° Adds GWN Securities as a client

Weston, Mass.-based Advisor360° has added GWN Securities as a client. About 800 GWN Securities advisors will have access to Advisor360° capabilities, including account opening, advisor experience, data and reporting, and client portal. GWN Securities is a national independent broker/dealer and RIA. The firm is based in Palm Gardens, Fla., with approximately $21 billion in total…

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Adjusted for risk: VanEck's Fran Rodilosso on emerging market debt

During this highly informative episode, Fran Rodilosso, VanEck's head of fixed income ETF portfolio management, shares his thoughts on why he and his team believe emerging market debt offers an excellent opportunity for investors. Fran also does a fabulous job of discussing the benefits of including collateralized loan obligations and business development companies in investment…

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Ways Advisors Are Failing to Maximize Live Indexing

Direct indexing continues to gain popularity as investors look for customized options and demand lower costs. Direct indexing, which involves owning a representative amount of securities in an index versus a mutual fund or ETF, can have a number of benefits – including potentially reduced costs, individual ownership of tax lots and increased efficiency tax,…

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Don't forget about sequence risk

With the stock market at all-time highs and normal volatility, it's easy for retirees, near-retirees and even advisors to become complacent about sequence risk, one of the biggest risks to an exit nest egg. in retirement and the saver's peace of mind. No one knows exactly when the next big market correction will occur, but…

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Schechter: Long term allocator with direct indexing at core

Schechter Investment Advisors, a third-generation wealth advisory and financial services firm, was founded in the 1970s by Robert Schechter, who was formerly one of New York Life's top insurance salesmen before founding the firm. The Birmingham, Mich.-based firm. is one of the fastest growing RIAs, landing at WealthManagement.comS ' RIA Edge 100 list for 2024….

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