Aaron Filbeck, managing director and head of UniFi from CAIA, joins Ryan Nauman in this very interesting conversation about the evolution of alternative investments and their democratization. With alternative investments becoming more accessible to investors, Aaron talks about the importance of client communication, the impact alternative ETFs have on liquidity, and when alternatives aren't a…

(Bloomberg) — Apollo Global Management Inc.'s push to target wealthy individuals helped boost the firm's assets under management to $733 billion, a 16% increase over the same period a year ago. The firm reported adjusted net income of $1.13 billion, or $1.85 per share, in a statement announcing third-quarter earnings on Tuesday. That beat analysts'…

(Bloomberg) — Breaking away from the Wall Street crowd is no easy feat at the best of times. Now imagine the plight of money managers across the ever-competitive investment industry who are scrambling to secure ownership of their original ETF offerings as rival firms launch copycat products with strikingly similar metrics. That's what happened to…

Invesco Advisers will pay $17.5 million to settle SEC charges that it misled investors when it claimed the company invested up to 94% of its assets under management, taking into account environmental, social and governance factors. According to in a settlement letterthis percentage included Invesco's passive ETFs. However, those strategies (including the Invesco QQQ Trust,…

(Bloomberg) — PGIM named Morgan Stanley's Jacques Chappuis as chief executive officer to succeed David Hunt, who is stepping down after 13 years in the role. Chappuis will lead Prudential Financial Inc.'s asset management unit. as of May 1, 2025, the firm said in a statement. He will report to Andrew Sullivan, executive vice president…

Amidst the tidal wave of new AI-powered apps and services available to advisors and the rest of the world, it may have come as a surprise that Nvidia became the world's largest company by market capitalization earlier this week. As much of the country was voting in Tuesday's election, Nvidia surpassed Apple's market capitalization. Nvidia…

The registered investment advisor community saw a surge in M&A activity last month, with 39 transactions, the highest monthly volume on record, according to an analysis by DeVoe & Company. October volume exceeds the previous high of 33 deals recorded in January 2021 and was nearly double the volume in the year-ago period, which saw…

Sponsored by The buy vs. build debate continues to rage in the wealth management industry. Many of the biggest wealth managers and RIAs have already created great software and technology that others can buy and integrate into their existing businesses. But Farther actually turned to building their proprietary platforms internally to achieve success in a…

(Bloomberg Opinion) – If presidential contenders Kamala Harris and Donald Trump get their way, companies will be taxed at very different rates than they are now. Harris would raise the corporate tax rate to 28% from 21%. Trump would lower that to 15%. The stock market doesn't care about politics, as I often say, it…

A father and son duo based in Chicago have created their own registered investment advisor with over $750 million in assets under management. Mark and Steven Resnik have joined to lead Burling Wealth Partners, which focuses on high net worth individuals and families. Mark Resnik has over 30 years of industry experience, most recently as…