(Bloomberg) — Co-CEO of KKR & Co. Joe Bae and Scott Nuttall are taking an idea from Berkshire Hathaway Inc.'s business model. betting big on long-term private equity ownership and the dividends that follow. The firm's strategic holdings unit — which it created to hold 19 long-term private equity investments — is expected to launch…

Sponsored by Listen as David Bodamer sits down with Lawrence Calcano, chairman and CEO of iCapital, to explore the world of alternative investments and their role in modern portfolio strategies. They explore the complexities of the alts space, examine recent developments at iCapital, and discuss how advisors are integrating these assets into their offerings for…

National Health Care Decisions Day is April 16 (Tuesday), a day that draws attention to the incredibly important but often overlooked issue of advance care planning. This becomes critical with age, but accidents and serious illnesses can occur at any age. In fact, young people are involved in serious accidents more often than their elders….

Banks are big players in wealth management, management more than 15% of all advised assets in the United States and there is a great opportunity to capture even more business as we experience the Great Wealth Transfer over the next 20 years. However, the lines between wealth management and banking are blurring, opening up new…

The Securities and Exchange Commission settled charges with a cadre of advisory firms that failed to meet Marketing Rule compliance mandates. Five firms, incl GeaSphere, Bradesco Global Advisors, Credicorp Capital Advisors, Insight Securities AND Monex Asset Managementwill pay a collective $200,000 to settle charges that they violated the advertising rule. It is the second set…

Cerity Partners will reach $100 billion in assets when a deal to buy Perella Weinberg Partners Capital Management's $15 billion OCIO division closes later this year, and Validus Capital has acquired a CPA from Mariner Wealth-affiliated AdvicePeriod to run the multifamily office. services. In previously reported talent of the week news: Connected: Ron Carson resigns…

With 2023 winding down, financial advisors actively engaged in year-end Roth conversions, strategically moving funds out of qualified, tax-deferred accounts to take advantage of lower tax rates. While this practice is common, there is an even more fundamental opportunity that many advisors may overlook. Rather than focusing solely on Roth conversions at the end of…

The approval of spot Bitcoin ETFs by the Securities and Exchange Commission dominated the trends in the first quarter of 2024. But how did we get to this point? While Bitcoin has been around since 2009, cryptocurrencies have quickly evolved from digital innovations to trillion-dollar technologies poised to disrupt the global financial system. Digital currencies…

The wealth management community has a massive next-generation talent gap, and it's getting worse every year. Wirehouse advisors with no obvious or natural successors are particularly vulnerable and this affects their ability to monetize their life's work when the time is right. These counselors face a unique dilemma as their careers wind down: Who will…

Every business owner struggles with the profit vs. growth conundrum: When it is better to prioritize lean operations to maximize profits and cash flow, and when it is necessary to prioritize heavy investment in infrastructure to support future growth, even if it means sacrificing profits immediate? RIA owners seem to struggle with this concept more…