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What To Do When Gifts To Minors No Longer Fit: Adjusting UTMAs, 529 Plans, And Trusts When Family Goals Don’t Align

Nerd's Eye View

However, once a child reaches the age of majority, they may not always be in a position to manage assets responsibly. In these cases, parents may wish to adjust how gifted assets are structured to better align with their family's long-term goals. Read More.

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Tuesday links: staying the course

Abnormal Returns

(morningstar.com) Good luck maintaining firm culture as your asset management firm grows. news.crunchbase.com) Protein Food companies need to stop putting extra protein into everything. investmentecosystem.com) Law Non-equity partners in Big Law are increasingly common. finance.yahoo.com) How law firms can utilize AI.

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Just Don't With Private Assets

Random Roger's Retirement Planning

Barron's had a very quick look at the recent popularity of private assets to try to figure out whether investors should wade into the space. The food industry, probably not. SOXX and SMH are the two largest semiconductor ETFs I am aware of and PBJ is a food and beverage ETF with an all-timer of a symbol.

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Friday links: the crypto community

Abnormal Returns

money market mutual funds now have more than $7 trillion in assets. asteriskmag.com) Food Berkshire Hathaway ($BRK.A) (msn.com) U.S. bloomberg.com) Prediction markets How big can prediction markets get? marketwatch.com) Prediction markets can be about more than just elections. now owns a big chunk of Domino's Pizza ($DPZ).

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Adviser links: an existential issue

Abnormal Returns

investmentnews.com) Money and food issues have a lot in common. riabiz.com) Why regulators are pushing back against mangement of client 401(k) assets. (morningstar.com) These clients have more than one adviser. advisorperspectives.com) Fidelity is doubling down on its social content strategy.

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10 Tuesday AM Reads

The Big Picture

Axios ) • Food fight: FDA is redefining ‘healthy’ and food industry is pushing back : Less saturated fat, less sodium, less added sugar; manufacturers say almost no packaged foods would qualify under the agency’s new rules. Millions of people are already using apps like ChatGPT to write books, create art, and develop code. (

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Friday links: trading temptations

Abnormal Returns

youngmoney.co) Finance ETF assets in the U.S. eater.com) Will robotic food delivery ever become profitable? Markets Most stocks are working right now. theirrelevantinvestor.com) Some investments are an IQ test. downtownjoshbrown.com) It's easy to get distracted these days as an investor. just hit $10 trillion. Diners are bored.