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Family Offices Cut Stocks, Boosted Real Assets in 2023, KKR Says

Wealth Management

Public equities dipped to 29% of the average total assets in family offices surveyed, down from 31% in 2020, according to KKR's Family Capital report.

Assets 267
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DoL’s Retirement Security Rule & PTE 2020-02 Amendment: What Advisers Need to Know Now About Giving Rollover Advice After Sept 23, 2024

Nerd's Eye View

In practice, the DoL's Final Rule means that financial advisers who advise clients about rolling over assets from an employee retirement account like a 401(k) plan into an IRA are now subject to ERISA fiduciary obligations.

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A Spectacularly Underappreciated 15 Years

The Big Picture

Q1 2020 down 34% in the pandemic. Plus bonds down 15% – the first double-digit drop for both asset classes in 4 decades. And that spectacular run of post-financial crisis returns have come with only a few minor setbacks: -Flash Crash in 2010. 2015 gain of only 1.4% -2018 drop of 4.4%, including a Q4 drop of nearly 20%. -Q1

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#FASuccess Ep 443: Going Deep With Business Owners And Real Estate Investors To Grow $200M Of AUM In 5 Years, With Griffin Kirsch

Nerd's Eye View

Griffin is the owner of GK Wealth Management, an RIA based in Reno, Nevada, that oversees $200 million in assets under management for 450 client households.

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Why Is the Fed Always Late to the Party?

The Big Picture

If only the Fed didn’t do X, our portfolio would have been much better” seems to be a terrible approach to managing assets for clients. 2020s : Remained on emergency footing post Covid, despite broad evidence of economic recovery. Following those March 2020 rate cuts, the Fed stayed at Zero until March 2022.

Banking 336
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Fed's Flow of Funds: Household Net Worth Decreased $6.1 Trillion in Q2

Calculated Risk

This includes real estate and financial assets (stocks, bonds, pension reserves, deposits, etc) net of liabilities (mostly mortgages). The third graph shows household real estate assets and mortgage debt as a percent of GDP. Note this graph was impacted by the sharp decline in Q2 2020 GDP. Mortgage debt is up $1.46

Nonprofit 363
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Fed's Flow of Funds: Household Net Worth Decreased $0.4 Trillion in Q3

Calculated Risk

This includes real estate and financial assets (stocks, bonds, pension reserves, deposits, etc) net of liabilities (mostly mortgages). The third graph shows household real estate assets and mortgage debt as a percent of GDP. Note this graph was impacted by the sharp decline in Q2 2020 GDP. Mortgage debt is up $1.66

Nonprofit 360