Persistent deviations from a mutual fund's Morningstar Style Box category are sometimes called “style stripping” — when a mid-cap fund starts holding bigger names or a value manager makes a habit of owning growth stocks. But there is a big difference between the meaningful change in style that results from an active manager targeting well-positioned…

In this highly engaging talk, “The Father of Trust,” Don Trone opens up about why he believes the trust framework should no longer be the cornerstone of the financial services profession. Don also gives us his take on the evolution of the loyalty framework through fascinating stories and candid answers. Source link

Fidelity has imposed a new fee of $100 on ETFs issued by nine firms to account for the cost of listing funds on its platform. Some asset managers are sounding the alarm on the booming private loan market, FundFire reports. These are among the investment must-reads we found this week for wealth advisors. WealthManagement.com |…

Morgan Stanley claimed in a lawsuit that a former adviser is soliciting former clients and siphoning off proceeds that were intended to go to the widow of a Morgan Stanley adviser. Wirehouse filed its complaint against Gregory Chevrier, who moved from Morgan Stanley to Wells Fargo last month after six years with the wirehouse. When…

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Cambridge Investment Research, the independent broker/dealer based in Fairfield, Iowa, has launched an outsourced CFO offering to better support its advisors working with high net worth clients. The broker/dealer will pair advisors with an experienced CFO through a partnership with Hero CFO, a subsidiary of Compass CFO Solutions, to provide the services. Connected: RIA Edge…

Open, honest, and candid discussion about flexPATH's court win, Empower's new product for small plans, how people fail in retirement, and more. Source link

Savvy Advisors, tech-centric registered investment advisory firm founded in 2022 by financial software developer Smart wealth AND CEO Hrithik Malhotrahas recruited a 16th advisor to its AI-powered platform. David Gottlieb, most recently with Prosperity (formerly EinserAmper Wealth Management), is “fully focused” on clients invested in real estate properties. With a professional background that includes time…

Sowell Management, a corporate RIA comprising more than 50 independent advisory practices overseeing approximately $4.4 billion in collective assets, has launched an insurance partner business in collaboration with Griffin Distribution Partners to better support its advisors. “Our long-term roadmap has always included a comprehensive insurance platform,” Sowell founder and CEO Bill Sowell said in a…

Deals may indeed be popping up elsewhere as private equity returns to post-Covid markets eager to put to work the mountains of closed-end dust, but it never really faded into the registered investment advisory space. . Still, after what some industry experts are calling the most active quarter in nearly a decade, this week may…