The latest economic data show Americans are continuing to open their wallets despite the rise in interest rates and stubbornly high prices. Apparently, financial advisors keeping a sharp eye on their clients’ accounts aren’t seeing much of a spending slowdown either. Consumer spending climbed 0.7% in September, up from an unrevised...
Investors face a growing risk that climate change will result in a sudden loss of value, with existing portfolio models often falling short, according to an analysis by Markus Müller, chief investment officer for ESG at Deutsche Bank. “The temptation is to assume that the effects” of global heating “will...
The S&P 500 is at risk of dropping another 5% after the index fell below a key technical level this week, according to Bank of America Corp.’s Michael Hartnett. The strategist — among the more bearish voices on U.S. stocks — said that now that the S&P 500 had breached...
With the market for listed real estate investment trusts at historic lows, financial advisors may want to dust off the real estate allocation in clients’ portfolios and begin to expand that position. That’s according to Rich Hill, senior vice president and head of real estate strategy and research at...
Affluent investors have been pouring money into separately managed accounts and turning slightly away from mutual funds, a new consumer research report shows. As of 2022, 22% of U.S. households that invest had SMAs, up from 13% in 2020, according to data published Thursday by Hearts & Wallets. Meanwhile, mutual...
My first experience with fee-based asset management was in the 1990s with an investment program that practiced “active asset allocation.” I sold it to nearly all my clients and it was a disaster. The investment program had some cool sales tools that would analyze the performance of different mutual funds...
The contracts are signed, the champagne glasses have been clinked, and the deal to sell your RIA is done. Still, an owner of a registered investment advisor may have lingering doubts about selling his or her firm. But there are ways to avoid pitfalls, mishaps and selling to the...
The typical self-directed investor today, even one using a basic free brokerage app, has access to investment vehicles that once would have been exclusive to large institutions and their representatives. With a few clicks, the investor can gain exposure to global diversification and advanced strategies to build relatively complex...
Asset managers are tuning out political opposition to ESG when it comes to selecting investments but are being more careful in how they talk about ESG, according to a report from Cerulli Associates. Political pressure related to the use of environmental, social and governance factors in investing has been mounting....
Veteran dealmaker and CEO Larry Roth has taken a step back from financial advice but is still very active in the industry. As the former chief executive of Advisor Group and Cetera Financial Group, Roth ran giant broker-dealer networks during the financial crisis and the bull run in the...