Joel Bruckenstein reflects on T3's 20th anniversary and celebrates the growth and evolution of the fintech community. This landmark event showcased the energy and participation from industry veterans and newcomers alike, with major achievements related to continued desires for better integration and exciting, fundamental advances in AI technology. Source link

Fidelity has launched a new research portal of registered third-party alternative investment strategies. The research is now available through Wealthscape, Fidelity's platform for advisors. Research covers private credit, private real assets and private equity funds, enabling advisors to evaluate and compare alternative investment strategies. Connected: What alternative investments do VNRs favor right now? Fidelity cited…

Direct indexing through a separately managed account is currently one of the fastest growing investment strategies in the United States. This solution can be particularly effective for those with concentrated positions in company stocks. The approach allows investors to replicate the performance of a specific index while maintaining control over individual securities. To accomplish this,…

Powder, launching in mid-2023, and officially announced at the T3 conference, is an innovative generative AI co-analyst designed to help wealth advisors acquire new clients. CEO Kanishk Parashar explains that by automating the collection of crucial client information, including brokerage and tax returns, estate documents and analyzing discovery calls, Powder transforms raw data into personalized,…

Generation X is an important client base for financial advisors and the future growth of their firms. I have written several articles on how The Generation X demographic is a huge opportunity for financial advisorsAND what marketing strategies might work to achieve them. For context, there are currently over 43 million Gen X members over…

(Bloomberg) — Private loans are a safer bet than risky, publicly traded bonds if the U.S. economy falters, most respondents in the latter Bloomberg Markets Live Pulse said the survey. Private credit generally involves lending directly to companies at higher rates than the public syndicated bond and loan markets offer. Those who provide such loans…

Over 20 years ago, some of today's leading retirement plan advisors built their businesses on the principles of loyalty while helping plan sponsors lower recordkeeping fees. While it took some prodding to get plans to do RFPs of record holders because most claimed to be happy, the results have been much better service at a…

Ashton Thomas Securities, an independent broker/dealer and RIA recently acquired by Arax Investment Partnerswill use BNY Mellon's Pershing for clearing and custody, and there will be no repapering of client accounts. Arax, a wealth management platform backed by private equity firm RedBird Capital Partners, bought Excel Securities in January and renamed it Ashton Thomas Securities,…

Julian Opie's Black White and green and yellow, from people standing, sold for £19,050 at the Phillips Evening & Day Editions auction in London on 17-18 January 2024. Opie, a British sculptor, painter and digital artist, is known for creating portraits in which he reduces his subjects to essential color planes and thick outlined silhouettes….

• The Tax Court assesses family business transactions for gift tax and capital gains tax-In Cynthia L. Huffman and Estate of Chet S. Huffman, Memo TC. 2024-012 (January 31, 2024), Patricia and Lloyd Huffman were married and employed by Dukes, a company that engineered and manufactured parts for the aerospace industry. Eventually, Lloyd became president…