Author: BostonNewsletter.com Est. 1704
If advisors in Charles Schwab’s vast network of outside RIAs ever feel they’re in competition with the firm’s in-house wealth management business, Jonathan Beatty wants to hear about it.Processing ContentIn the last 12 months, the head of Schwab’s advisor services unit has received one email expressing concern.”And we resolved it in about 15 minutes,” Beatty told reporters Thursday in a meda roundtable call.For years, Schwab has contended with the perception that its in-house wealth management business competes surreptitiously with the outside RIAs that pay for various services through its Schwab Advisor Network. Along with providing custody, trade-clearing and other services…
Recorded on location at the Exchange ETF Conference, Zephyr market strategist Ryan Nauman speaks with Mark Marifian, Head of Product at Tortoise Capital, about why energy belongs in portfolios and common misconceptions that it’s only about crude prices or big integrated oil companies. Marifian explains the breadth of energy sub-sectors, highlights midstream’s fee-based, repeatable cash flows, and discusses how energy infrastructure can provide income and inflation protection through contract and tariff adjustments linked to PPI. They cover how allocators may bucket energy within income, real assets, or core/satellite equity exposures, and why energy’s small S&P 500 weight may create opportunity.…
(Image credit: Getty Images)As investors reassess real estate strategies in a higher-rate environment, some are turning to oil and gas mineral rights as a fully passive, tax-efficient alternative to owning and operating property.I’m one of them. Here’s why.The exchange treadmillEvery real estate investor knows the cycle: From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues CLICK FOR FREE ISSUE Sign up for Kiplinger’s Free Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more -…
The Bloomberg Dollar Spot Index is up 0.7% so far in May, as investors ramped up bets that the Federal Reserve will raise rates by early 2027, boosting the appeal of US assets. The gauge is on track for only its fourth monthly gain since the greenback’s 2025 downtrend began. Source link
The vast majority of women investors, 95%, believe their financial advisors treat them with the same respect as their male counterparts. Yet many also report that their advisors have serious communication blind spots, according to a new survey from Nationwide.Processing ContentJust over one-third of women investors, 34%, felt their advisor was “condescending when explaining recommendations or responding to questions”; 32% said their advisor assumed they knew less about finances than they really did; and 29% said their advisor sometimes “mansplained” concepts to them. “I would have advisors really take those stats in,” said Jillian Berry, senior director of Birmingham, Alabama-based RFG…
Carson Group, a $58 billion Omaha, Neb.-based registered investment advisor, has brought over an LPL Financial team with $320 million in assets under management, according to the RIA and regulatory filings.Tungsten Wealth Management will continue to be led by founding partners and wealth advisors Shawn Peschke and Rob Frits, and include four other advisors. Peschke has had a long-standing relationship with the firm, including meeting Carson founder and Chairman Omani Carson in 2005, and then enrolling his firm in Carson’s advisor coaching program in 2018.“Working with Carson allows us to preserve our close-knit, family-oriented firm culture while gaining access to more…
(Image credit: Getty Images)In financial planning circles, Vince would be called a success story.He retired after 30 years as an engineer. He lives modestly, has no debt and takes genuine pride in building a portfolio that has outlasted his career.Every week, he calls his financial adviser to discuss potential investments, a company he’s researching, an undervalued sector or a position he wants to analyze. He’s read the annual reports. He’s done the math. He watches CNBC the way other people watch sports. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor. Subscribe from just $107.88…
Massachusetts Mutual Life Insurance Co. agreed to have Nationwide Mutual Insurance Co. reinsure a book of life insurance policies, freeing up about $6 billion of reserves. Source link
Raymond James, already the top destination for advisor teams departing Commonwealth Financial Network, notched another big recruiting win with a New Hampshire group managing nearly $3 billion in client assets.Processing ContentFinancial Strategies Retirement Partners is joining Raymond James Financial Services, the firm’s channel for advisors working as independent contractors, in Bedford, New Hampshire. The 24-person team had previously managed roughly $2.8 billion in client assets at Commonwealth Financial Network, which was bought last year by LPL Financial.Among LPL’s rival firms, Raymond James has seen the greatest success in recruiting Commonwealth advisors left unsettled by the purchase of their firm. It…
LPL Financial plans to migrate recently acquired Commonwealth Financial Network advisors off Advisor360°, the technology workstation originally developed inside Commonwealth and spun out as its own company in 2019. Those advisors will move to LPL’s platform, ClientWorks. Commonwealth’s current contract with Advisor360° effectively ends on Monday, according to regulatory disclosures, the date beyond which LPL has “no commitment or obligation to continue in effect the Advisor360 Contract,” though it may adjust terms to complete the transition. The firm doesn’t plan to work with Advisor360° after the conversion. An LPL spokesperson said the firm has been working with Advisor360° on the transition…