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1. Are You Missing the $75 Trillion Wealth Transfer Boat?
You don’t have to search too hard to find references to the forthcoming $75 trillion wealth transfer and how, among other things, it’s going to reshape the wealth management business. As big as the numbers may be, we see a missed opportunity rather than a massive opportunity. — Brian Beck and Daniel Friedman
2. A Surefire Way Investors Can Play the Election
Have you noticed that when the media talks about how investors approach investing activities, it is almost never “investors invest”? The most common action verbs the media uses with investors is that they “bet” or “play”. Apparently, the media doesn’t know the difference between a gambler betting on the roll of dice or a series of numbers and someone who invests in public companies. — Jay Mooreland
3. Understanding Risk: Lessons from Howard Marks You Should Consider
When most people hear the word “risk,” they think about wild market swings, scary headlines, and losing money overnight, but Howard Marks, Co-Chairman and Co-Founder of Oaktree Capital Management, takes a different approach. In his new video series How to Think About Risk, Marks digs deep into what risk is and how investors should handle it. Spoiler alert: It’s not just about volatility. — Lance Roberts
4. The Fiscal Consequences of Mass Immigration for U.S. and European Taxpayers
Immigration is once again making headlines (has it ever stopped?), and it’s not just the sheer numbers that have people talking. Concerns about mass immigration—both legal and illegal—have dominated political and economic conversations in the U.S. and Europe. — Frank Holmes
5. Top 5 Year-End Tax Planning Strategies for High-Income Earners
There are so many things I look forward to during Pumpkin Spice Season, but thinking about paying Uncle Sam isn’t one of them! However, as a wealth planner, I know that facing the music in October, with a few months left to optimize my tax situation, goes a long way in managing my tax liability. It also helps me make informed decisions about actions to take that are in line with my broader financial goals. — David B. Armstrong
6. Let Clients Know You Love Your Job and Intend To Stay
According to PEW Research, about 51% of Americans are satisfied with their jobs. Only about 12% are very dissatisfied.1 CBS reports about 12% would like to stop working at age 61.2 When a person establishes a relationship with a professional, they often do it with the expectation that professional will be around for a long time. Who wants to find a new family doctor, lawyer or accountant? When clients reveal their personal details in the financial planning process, they usually want that advisor to be committed for the long term. — Bryce Sanders
7. How to Become the Go-To Advisor for Referrals
I don’t think any one method of prospecting works particularly well, but they all work. The idea is to pick one and stick with it. Whichever method you choose, give it a chance. Don’t bounce around. Get so good at the method you choose that getting referrals become as natural as brushing your teeth in the morning. Position yourself to be referable. — Don Connelly
8. Is the Era of Remote Work Over? Where to Invest Next
In this episode, hosts Chris Versace and Bob Lang focus on inflation concerns, the upcoming CPI and PPI data, and their impact on markets and interest rates. They also cover Amazon's mandate for employees to return to the office and its potential effects on productivity and market sectors. The episode concludes with a look at Amazon's Prime Big Deals Day, highlighting its influence on holiday shopping, digital sales, and department store pricing strategies. — What Does It Mean?
9. Positioning for a Small Cap Market Rotation in Our Model Portfolios
Throughout 2023 and the first half of 2024, the returns on U.S. small-cap equities significantly lagged behind their larger peers. This performance gap can be attributed to several factors, but one key fundamental driver has been the higher-for-longer interest rate environment and the sensitivity of smaller companies to elevated short-term yields. — Andrew Okrongly and Brian Manby
10. Young Retail Investors Drive Surge in Equity Exposure
While the Federal Reserve’s September interest rate cut is widely viewed as a catalyst for bonds, data confirm retail investors are upping their exposure to stocks. Advisors may perceive that as too much of a good thing, but the charge into equities by retail market participants is being led in large part by millennials, many of whom have the luxury of time on their side. They can take risks and portfolios with hefty fixed income allocations may not be advisable for many investors in their 30s and 40s. — Todd Shriber
11. The Role of Financial Advisors in Managing Credit Card Debt
The pervasiveness of credit card debt represents a significant hurdle for many individuals and families. Amid rising costs of living and unstable interest rates, navigating the complexities of debt management can be overwhelming. Financial advisors are pivotal in simplifying this process, helping clients manage their current obligations and building a foundation for long-term fiscal health. — Devin Partida