At the 10th Annual Wealth Management Industry Awards, Ray Hennessey, CEO of Vocatus discusses what his firm does to help advisors differentiate themselves and find what sets them apart from other advisors to deepen relationships with their with their customers. Source link

of The Fed's move to cut interest rates should be good news for advisors with private equity allocations, especially with the promise of more cuts to come. The private equity industry has been struggling with stagnant deal volumes in recent years as higher rates have made it more difficult to secure attractive financing for new…

With the passing of another defined contribution holder, the only surprising aspect of Voya's deal to buy OneAmerica's pension division was the price paid, estimated at a fifth of what Empower paid for MassMutual's DC business and a quarter of that up front. The pertinent question for counselors is “who is the other?” When a…

WealthManagement.com's David Bodamer sits down with Mike Scarsciotti, SVP and head of investment specialists at Fidelity Investments, to discuss the changing dynamics of portfolio construction. Fidelity derives insights from analyzing 12,000 portfolios. Their talk covers important trends, including the growing popularity of ETFs, the resurgence of active management strategies, and emerging approaches to asset allocation…

A former Cetera Financial adviser picked day trades for his own benefit, making about $5.3 million in “illegal” first-day profits, according to new charges from the SEC. The commission also accused another adviser of similar actions and settled the charges with Cetera. According to the commission, the Kirkland, Wash.-based consultant William Carlton and Hillsborough, NJ…

TPG Capital, the San Francisco-based private equity firm, is making a “significant” minority investment in Creative Planning, the $375 billion firm led by Peter Mallouk. The two sides announced the deal on Monday, and terms were not disclosed. Under the deal, TPG will join existing investor General Atlantic (which will retain its minority stake) to…

(Bloomberg) — In the race to open up the multitrillion-dollar private-asset market to retail investors, Apollo Global Management and State Street Global Advisors appear to have jumped ahead of rivals with their breakthrough PLAN for a new ETF loan. Now, industry participants are left wondering exactly how the institutional big guns will successfully marry famously…

Educational platform Savingforcollege.com recently released its annual estimates for state-sponsored 529 plans. This year's edition of the ratings used a new methodology based on four categories to determine the overall attractiveness of each plan on a five-point scale: Performance: Historical investment returns of the plan. Ease of use: Ease of opening, maintaining and using the…

(Bloomberg Opinion) — I see a personal trainer five days a week and am now in the best shape of my life. I couldn't handle Doug when I was younger – and I wouldn't be able to now, but for technology. Doug lives on the West Coast and trains me (and dozens of others) through…

(Bloomberg) — A new Wall Street ETF is offering investors a new way to extract income from the world of stocks by targeting an unlikely index: the Nasdaq 100. Issuer Pacer ETF Distributors last week debuted a product that offers exposure to technology companies — more famous for furnishing growth than dividends — alongside increased…