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New on the Pod
This week Ben Carlson spoke with Jeremy Schwartz, Global Chief Investment Officer at WisdomTree Investments, about one of the biggest challenges advisors face in portfolio construction: How do you improve diversification and add alternative return streams without sacrificing your core equity and bond exposure?. (Listen)
Good Stuff This Week
It’s not news that more Americans are growing older without heirs. The financial planning and estate world is set up with the traditional family (spouse and children) in mind. This is great reminder that more clients (and prospects) will near retirement with a different set of needs and expectations.
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The shape of the modern wealth management business is always changing. Schwab is now set to aggressively push into advisory services for higher net worth individuals, putting RIAs on ‘red alert.’ It’s an interesting move when competition in the custody business seems to be heating up with the likes of Altruist.
The Rest of the Story
Why large, national RIAs are acquiring institutional investment consultants (Pitchbook)
Are Josh Brown and Michael Batnick the Howard Sterns of Financial Podcasting? (The World According to Boyar)
Giving is a statement of identity, not a financial decision (InvestmentNews)
Robinhood is going allow clients to use AI to trade stocks (CNBC)
There’s no ‘normal’ way to return to work after having a baby (The Joint Account)
The problem with a ‘Die With Zero’ mindset (Jordan Grumet)