Wealth Management

OCTOBER 17, 2023

Charles Schwab execs say RIA asset attrition ahead of the Labor Day conversion was less than expected, even with a “substantial” number of RIAs actively booted in the TD Ameritrade merger.

Assets 290

Assets Numbers 290

The Big Picture

JULY 25, 2023

Also, given you have to turn DRIP on in most brokerage accounts, I wonder what percentage of investors reinvest as well (have looked but can’t seem to find this number anywhere).” I have addressed Tax Alpha before ( see this and this ); but Pomp indirectly raised a very different issue: Why do people underperform their own assets?

Assets 246

Assets Accounting Taxes Economics 246

Nerd's Eye View

NOVEMBER 15, 2024

Also in industry news this week: NASAA has proposed an amendment to its broker-dealer conduct model rule that would restrict the use of the terms “advisor” and “adviser” for broker-dealers and their registered representatives who are not also investment advisers or investment adviser representatives A recent study suggests that (..)

Financial Planner 246

Financial Planner Asset Allocation Taxes Tax Planning 246

Nerd's Eye View

MARCH 21, 2025

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a report from Cerulli Associates found that, amidst an industry-wide trend towards comprehensive financial planning and away from pure transaction-based investment management, asset-based fees currently represent 72.4%

Financial Planner 228

Financial Planner Commission Communication Clients 228

Nerd's Eye View

NOVEMBER 29, 2024

Which could prove to be a boon for the financial advice industry as more consumers are willing to entrust their assets to an advisor (while at the same time possibly making it tougher for some advisors to differentiate themselves primarily by how they put their clients' interests first?).

Financial Planner 246

Financial Planner Financial Advice Retirement Financial Advisor 246

Nerd's Eye View

MAY 9, 2025

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent survey found that long-feared fee compression in the financial advice industry has yet to come to pass, though some advisors continue to see potential for small reductions in asset-based fees in the future.

Financial Planner 245

Financial Planner Financial Advice Clients Retirement Planning 245

Abnormal Returns

NOVEMBER 5, 2023

theringer.com) Barry Ritholtz talks with Zeke Faux author of "Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall." (investmentecosystem.com) On the tradeoff between maintaining a core of competence vs. exploring new areas. compounderspod.substack.com) Crypto Why the jury in the SBF case came so quickly to a verdict.

Assets 266

Assets Financial Advising Healthcare Economy 266

Abnormal Returns

JUNE 9, 2025

ft.com) The number of family offices is only expected to increase. riabiz.com) The biz Pershing is going to start assessing asset-based fees. (forbes.com) UHNW The super-rich really are different. craincurrency.com) M&A Expect more reorganization at firms that have been particularly acquisitive.

Financial Advising 167

Financial Advising Wealth Advisor Retirement Numbers 167

Nerd's Eye View

APRIL 11, 2025

In addition, Atkins' arrival could also mean the end of the pending RIA outsourcing and custody rules proposed under Gensler, a reduced focus on monitoring advisors' off-channel communications, and a new regulatory framework for digital assets.

Financial Planner 162

Financial Planner Communication Commission Clients 162

Nerd's Eye View

JANUARY 24, 2025

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that while overall financial advisor headcount remains relatively flat, the RIA channel continues to gain share in terms of both headcount (as brokers break away to start their own independent firms and aspiring advisors seek (..)

Financial Planner 246

Financial Planner Asset Allocation Clients Commission 246

Calculated Risk

FEBRUARY 28, 2023

Asset Quality Metrics Remained Favorable Despite Modest Deterioration: Loans that were 90 days or more past due or on nonaccrual status (i.e., The FDIC reported the number of problem banks decreased to 39. The number of FDIC-insured institutions declined from 4,746 in third quarter to 4,706 this quarter. billion to $47.5

Banking 360

Banking Insurance Numbers Assets 360

Nerd's Eye View

APRIL 2, 2025

For many financial advisors, a core part of the retirement planning process involves simulating whether the client's assets will last through retirement. Yet while these tools offer mathematical metrics, they often fall short in helping clients connect the numbers to their real lives.

Retirement 147

Retirement Clients Retirement Planning Marketing 147

Calculated Risk

SEPTEMBER 9, 2022

The FDIC reported the number of problem banks was unchanged at 40. The number of FDIC-insured institutions declined from 4,796 in first quarter 2022 to 4,771. The number of banks on the FDIC’s “Problem Bank List” remained unchanged from first quarter at 40, the lowest level since QBP data collection began in 1984.

Banking 349

Banking Insurance Numbers Assets 349

Nerd's Eye View

DECEMBER 27, 2024

The report suggests this might be due in part to increased RIA valuations and the assumption of some firm founders that next-generation employees won't be financially able to buy out the firm from them, though additional data indicates that many firms don't have career paths in place that could help next-generation advisors envision their path to firm (..)

Financial Planner 246

Financial Planner Insurance Coverage Insurance Valuation 246

Nerd's Eye View

JUNE 6, 2023

Adam is a principal with RubinGoldman and Associates, and the Founder and CEO of Asset-Map, a financial planning tool that helps financial advisors create a visual representation of their clients’ financial situation, reaching over 1.25 Welcome back to the 336th episode of the Financial Advisor Success Podcast ! million users.

Assets 246

Assets Financial Advisor Financial Planning Insurance 246

Abnormal Returns

MARCH 10, 2025

(kindnessfp.com) Why clients need to organize their digital assets for estate planning purposes. wealthmanagement.com) The number of cash balance plans are on the rise. thinkadvisor.com) Why clients may feel like they can't have enough assets in retirement. wsj.com) How to protect your parents from scammers.

Estate Planning 157

Estate Planning Retirement Planning CFP Portfolio Management 157

Nerd's Eye View

DECEMBER 31, 2024

Stacey is the chief operating officer of Morton Wealth, an RIA based in Calabasas, California, that oversees approximately $3 billion in assets under management for 1,300 client households. My guest on today's podcast is Stacey McKinnon.

Management 244

Management Financial Advisor Clients Numbers 244

Nerd's Eye View

NOVEMBER 19, 2024

Anjali is the Founder of FIT Advisors, an RIA based in Torrance, California (but works virtually with clients nationwide) and oversees $65 million in assets under management for 45 client households. My guest on today's podcast is Anjali Jariwala.

Clients 244

Clients Financial Advisor Business Planning Planning 244

Wealth Management

JUNE 17, 2025

Number 8860726. Mariner is seeking to bolster its independent registered investment advisor channel by hiring Rob Sandrew to oversee the division, which includes more than 1,100 advisors and about $40 billion in client assets. As a whole, Mariner has $555 in client assets under management and advisement.

Wealth Management 189

Wealth Management Estate Planning Compliance Management 189

Calculated Risk

DECEMBER 12, 2024

Asset Quality Metrics Remained Generally Favorable, Though Weakness in Certain Portfolios Persists The past-due and nonaccrual (PDNA) loan ratio increased 6 basis points from the prior quarter to 1.54 From the FDIC: The Number of Problem Banks Increased The number of banks on the FDICs Problem Bank List increased from 66 to 68.

Numbers 147

Numbers Banking Portfolio Assets 147

Nerd's Eye View

NOVEMBER 1, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that SIFMA, which represents broker-dealers, investment banks, and asset managers, released a white paper that argues that CFP Board "increasingly functions as a de facto private regulator for CFP certificants" and proposes that CFP (..)

Financial Planner 188

Financial Planner CFP Certification Retirement Planning 188

Wealth Management

AUGUST 20, 2024

The alternative investment platform emphasizes its open architecture and sees itself as an enterprise solution for advisors rather than connecting large numbers of asset managers and RIAs.

Numbers 287

Numbers Assets Management Investing 287

Nerd's Eye View

NOVEMBER 22, 2024

Also in industry news this week: Why the announced acquisition of RIA custodian TradePMR by retail brokerage firm Robinhood could prove to be a boon for RIAs on TradePMR's platform, who could receive a wave of referrals from Robinhood's massive base of next-generation retail clients How Morningstar is cutting the "Medalist Ratings" of thousands of (..)

Financial Planner 246

Financial Planner Retirement Retail Retirement Planning 246

Wealth Management

JANUARY 9, 2025

The additions bring Savvys total number of advisors to 40 and assets under management to more than $1 billion.

Numbers 278

Numbers Assets Management 278

Wealth Management

JUNE 10, 2025

Number 8860726. Registered in England & Wales with number 01835199, registered office 5 Howick Place, London, SW1P 1WG. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales.

Wealth Management 255

Wealth Management Management Estate Planning Planning 255

Wealth Management

AUGUST 7, 2024

Open, honest and candid discussion about the July jobs numbers, Captrust hitting $1 trillion in assets, the end of the war for talent and more.

Numbers 277

Numbers Assets 277

Wealth Management

OCTOBER 15, 2024

In the third quarter, the wirehouse doubled the number of net new clients with $10 million or more in assets from a year ago.

Clients 277

Clients Numbers Assets 277

Wealth Management

MAY 31, 2024

A Boston advisory team with $1 billion in assets is joining Citizens, the latest of a number of former First Republic advisors and teams to leave JP Morgan.

Numbers 305

Numbers Assets 305

Abnormal Returns

DECEMBER 2, 2024

Markets How major asset classes performed in November 2024. The TSA screened a record number of passengers on Sunday. capitalspectator.com) Crypto Why managing a leveraged Microstrategy ($MSTR) ETF is harder than it looks. wsj.com) Crypto ETFs continue to attract record inflows. msn.com) Silk Road Bitcoin are in motion.

Communication 157

Communication Manufacturing Media Banking 157

Nerd's Eye View

JANUARY 3, 2025

Also in industry news this week: A survey indicates that workplace retirement plan participants with financial advisors tend to save more than their non-advised counterparts and that a strong majority of participants overall are interested in receiving professional advice (with more than 3/4 of this group expressing willingness to pay for it) A look (..)

Financial Planner 246

Financial Planner Retirement Planning Financial Advice Financial Advisor 246

Nerd's Eye View

MAY 2, 2025

a ski chalet), assessing whether it will lead to greater overall wellbeing, or, alternatively, more stress, is more challenging Enjoy the 'light' reading! a ski chalet), assessing whether it will lead to greater overall wellbeing, or, alternatively, more stress, is more challenging Enjoy the 'light' reading!

Financial Planner 182

Financial Planner CFP Financial Advisor Retirement 182

The Big Picture

MARCH 24, 2025

Total government expenditures : In addition to the transactions that are included in current expenditures, this measure includes gross investment (as defined earlier), and other capital-type expenditures that affect future-period activities, such as capital transfer payments and net purchases of nonproduced assets (for example, land).

Government 310

Government Investing Investments Economy 310

Nerd's Eye View

FEBRUARY 4, 2025

Cristina is the CEO of Mana Financial Life Design, an RIA based in Los Angeles, California (but works virtually with clients nationwide), that oversees approximately $70 million in assets under management for 119 client households.

Financial Advisor 228

Financial Advisor Clients Financial Planning Planning 228

Nerd's Eye View

MARCH 28, 2025

Also in industry news this week: A recent survey indicates that younger "DIY" investors are more likely to be interested in working with a human advisor than their older counterparts, suggesting an opportunity for advisors to tap into this demographic (perhaps by setting minimum planning fees that ensure these clients can be served profitably today (..)

Financial Planner 228

Financial Planner Retirement Retirement Planning Clients 228

Random Roger's Retirement Planning

FEBRUARY 8, 2025

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. Another snippet from Barron's was the suggestion from Thad Davis of Aureus Asset Management to allocate 7% of a portfolio to private credit to get a 7% spread over SOFR which works out to 11-12%.

Assets 52

Assets Engineering Food Communication 52

Abnormal Returns

SEPTEMBER 22, 2024

collabfund.com) No matter how you spin the numbers, day trading is a losing proposition. ft.com) Are money market fund assets a bond substitute or stock substitute? morningstar.com) Paying for stuff is getting complicated. sherwood.news) Buying the dip isn't easy, or particularly profitable.

Retail 298

Retail Numbers Assets Marketing 298

Wealth Management

JUNE 10, 2025

Number 8860726. Austin-based Kestra oversees about $142 billion in client assets through its companies, including independent broker/dealer Kestra FInancial, through 1,800 advisors, according to its websites. Registered in England & Wales with number 01835199, registered office 5 Howick Place, London, SW1P 1WG.

Wealth Management 179

Wealth Management Engineering Estate Planning Management 179