(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…

If clients worry that the country could face a repeat of the tension after the 2020 election, Kris Maksimovich, president of Dallas-based Global Wealth Advisors, asks them to think back to that time and what markets did in response. According to Maksimovich, these clients are surprised when he reminds them that the S&P 500 rose…

(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…

BlackRock became the latest and largest asset manager to seek approval for an ETF share class in existing mutual funds. Morgan Stanley launched an investment index linked to prominent sports leagues around the world. These are among the investment must-reads we found this week for wealth advisors. Source link

(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…

(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…

Former head of Merrill Lynch Wealth Management John W. Thiel is launching an independent RIA, Indivisible Partners, in the first quarter of 2025, he announced on LinkedIn.com. “It is with tremendous pride and excitement that I, along with my co-founders, announce the formation of Indivisible Partners, a privately held independent advisory firm,” said Thiel, in…

Aspen Standard Wealth, a holding company that buys wealth management platforms, has acquired a majority stake in Summitry, a San Francisco-based registered investment adviser with $2.8 billion in assets under management. This represents Aspen's first acquisition since its launch in April. Backed by private equity firm Alpine Investors, Aspen was founded by CEO Aly Kassim-Lakha,…

A new report from market research firm Cerulli Associates finds that most financial advisors expect just that give preference to the use of model portfolios on the funds of funds going forward because of the higher level of personalization model portfolio offer. According to the report, 61% of advisors surveyed expect to prioritize model portfolios…