1 hr. ago
You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters.
The giant artificial intelligence company Anthropic has rolled out Claude for Financial Advisors, a suite of artificial intelligence connectors and what the company refers to as "workflow skills" designed to help advisors automate research, meeting preparation and documentation tasks.
Its new product includes connectors to custodians, ***** et managers and wealth technology providers, such as Charles Schwab, BlackRock, Addepar, Envestnet, iCapital, Orion, SS&C Black Diamond, Wealthbox, Wealth.com, Vanguard and Zocks, along with previously available integrations with Microsoft 365, Salesforce, DocuSign, Box, FactSet, S&P Global and Morningstar.
The platform includes skills for advisor onboarding, alternative investments briefing, compliance and AI policy review, estate and tax briefing, portfolio rebalance review, post-meeting notes and follow-up, pre-meeting preparation and prospect intake, according to Anthropic.
"We aren't trying to replace any of the tools out there," said Peter Nolan, head of ***** et and wealth management at Anthropic, during an interview with WealthManagement, when asked whether this puts Anthropic in the position of competing with and potentially upending the developing ecosystem of entrepreneurs and developers working with it and other major AI model providers.
#advisors
The giant artificial intelligence company Anthropic has rolled out Claude for Financial Advisors, a suite of artificial intelligence connectors and what the company refers to as "workflow skills" designed to help advisors automate research, meeting preparation and documentation tasks.
Its new product includes connectors to custodians, ***** et managers and wealth technology providers, such as Charles Schwab, BlackRock, Addepar, Envestnet, iCapital, Orion, SS&C Black Diamond, Wealthbox, Wealth.com, Vanguard and Zocks, along with previously available integrations with Microsoft 365, Salesforce, DocuSign, Box, FactSet, S&P Global and Morningstar.
The platform includes skills for advisor onboarding, alternative investments briefing, compliance and AI policy review, estate and tax briefing, portfolio rebalance review, post-meeting notes and follow-up, pre-meeting preparation and prospect intake, according to Anthropic.
"We aren't trying to replace any of the tools out there," said Peter Nolan, head of ***** et and wealth management at Anthropic, during an interview with WealthManagement, when asked whether this puts Anthropic in the position of competing with and potentially upending the developing ecosystem of entrepreneurs and developers working with it and other major AI model providers.
#advisors
2 days ago
Fundstrat's Tom Lee took the Future Proof Citywide stage earlier this year with CNBC's Scott Wapner for a session that landed in the middle of a jittery tape that included geopolitical conflict, oil spiking, private credit cracking, and fresh doubts about AI spending. Not too far off where we find ourselves currently, but with an awful lot of volatility and shifting, uncertain outlooks between these six months. While their conversation was a snapshot in time, you can expect more of this kind of sharp, thoughtful ****** ysis next week.
The contrarian take of the session was oil. High crude, Lee argued, is actually constructive for U.S. equities. With the U.S. as a net exporter, our economic competitors are importers, and stalled global growth pushes investors toward growth stocks, which is about 80% of the U.S. market. On AI CapEx, he pushed back on the sticker shock, claiming roughly $700 billion a year is a fraction of the $60 trillion global labor market and small change against daily moves in gold.
Lee also made the case that software had bottomed at the time, that enterprises building their own tools inherit the maintenance burden software companies exist to carry, and that private credit is genuinely bad but not a GFC repeat, with the real fix being taking private companies public rather than pushing private product into retail portfolios. On crypto, his argument shifted from a perspective of digital gold to one of plumbing whereby Wall Street tokenizes ****** ets, and AI agents needing a settlement rail that handles fractions of a penny.
His parting advice was the oldest one in the book, dressed in new clothes: miss the 10 best days of each year and a 16% average return goes to roughly nothing. Danger and opportunity show up together. Staying invested is the perpetual drumbeat of advisors to their clients, but one that needs banging louder when markets feel much less certain.
Future Proof Festival is September 14–17 in Huntington Beach and includes four days on the boardwalk with advisors, ****** et managers, and fintechs building the modern wealth management industry. Find us at the ETF Oasis and don't miss the stellar agenda we've got lined up.
#find #session #credit #time
The contrarian take of the session was oil. High crude, Lee argued, is actually constructive for U.S. equities. With the U.S. as a net exporter, our economic competitors are importers, and stalled global growth pushes investors toward growth stocks, which is about 80% of the U.S. market. On AI CapEx, he pushed back on the sticker shock, claiming roughly $700 billion a year is a fraction of the $60 trillion global labor market and small change against daily moves in gold.
Lee also made the case that software had bottomed at the time, that enterprises building their own tools inherit the maintenance burden software companies exist to carry, and that private credit is genuinely bad but not a GFC repeat, with the real fix being taking private companies public rather than pushing private product into retail portfolios. On crypto, his argument shifted from a perspective of digital gold to one of plumbing whereby Wall Street tokenizes ****** ets, and AI agents needing a settlement rail that handles fractions of a penny.
His parting advice was the oldest one in the book, dressed in new clothes: miss the 10 best days of each year and a 16% average return goes to roughly nothing. Danger and opportunity show up together. Staying invested is the perpetual drumbeat of advisors to their clients, but one that needs banging louder when markets feel much less certain.
Future Proof Festival is September 14–17 in Huntington Beach and includes four days on the boardwalk with advisors, ****** et managers, and fintechs building the modern wealth management industry. Find us at the ETF Oasis and don't miss the stellar agenda we've got lined up.
#find #session #credit #time
3 days ago
Steve Garmhausen
Private capital has become a core growth tool for wealth management firms. Flush with cash from private equity and other sources, registered investment advisors are upgrading technology, recruiting specialized talent, and pursuing both organic expansion and acquisitions. Here’s how CEOs of some of these firms put their capital to work.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Welcome to Barron's Advisor! Our articles are free to Barron's subscribers and wealth management professionals. To subscribe to Barron's, click here. If you're a wealth management professional and would like access to the Barron's Advisor experience, please provide the information below.
#wealth #firms #steve #flush
Private capital has become a core growth tool for wealth management firms. Flush with cash from private equity and other sources, registered investment advisors are upgrading technology, recruiting specialized talent, and pursuing both organic expansion and acquisitions. Here’s how CEOs of some of these firms put their capital to work.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Welcome to Barron's Advisor! Our articles are free to Barron's subscribers and wealth management professionals. To subscribe to Barron's, click here. If you're a wealth management professional and would like access to the Barron's Advisor experience, please provide the information below.
#wealth #firms #steve #flush
3 days ago
You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters.
Edelman Financial Engines is extending its retirement plan advisory and fiduciary capabilities to the small and mid-sized business market. While the firm has long served business owners through its workplace and wealth businesses, this service focuses on helping smaller business owners offer and manage retirement plans for their employees.
The firm has partnered with ADP for payroll, human capital management and retirement services. Edelman's will provide investment management, 3(38) investment management, plan consulting and personalized financial advice to plan participants. That includes providing one-on-one discretionary advisory services for individual employees.
Employees also gain unlimited access to Edelman's phone-based licensed advisors, who average 10 years of industry tenure, along with on-demand digital planning tools.
"EFE financial wellness and advisory services have been available to employees in eligible workplace retirement plans through the ADP platform since 2018," said Chris Magno, senior vice president and general manager of ADP Retirement Services, in a statement. "The new service expands that relationship by delivering a more comprehensive retirement solution purpose-built for small and mid-sized businesses, offered in combination with the full-service recordkeeping, payroll integration and plan administration capabilities of ADP."
#Services #management #wealthmanagement
Edelman Financial Engines is extending its retirement plan advisory and fiduciary capabilities to the small and mid-sized business market. While the firm has long served business owners through its workplace and wealth businesses, this service focuses on helping smaller business owners offer and manage retirement plans for their employees.
The firm has partnered with ADP for payroll, human capital management and retirement services. Edelman's will provide investment management, 3(38) investment management, plan consulting and personalized financial advice to plan participants. That includes providing one-on-one discretionary advisory services for individual employees.
Employees also gain unlimited access to Edelman's phone-based licensed advisors, who average 10 years of industry tenure, along with on-demand digital planning tools.
"EFE financial wellness and advisory services have been available to employees in eligible workplace retirement plans through the ADP platform since 2018," said Chris Magno, senior vice president and general manager of ADP Retirement Services, in a statement. "The new service expands that relationship by delivering a more comprehensive retirement solution purpose-built for small and mid-sized businesses, offered in combination with the full-service recordkeeping, payroll integration and plan administration capabilities of ADP."
#Services #management #wealthmanagement
4 days ago
You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters.
The competitive field to build out the tech infrastructure to ease the use of alternative investments in the wealth channel just got a little more crowded as New York-based fintech Aqua announced a $18.8 million Series A to back what it's calling a turnkey alternative investments platform.
The AI-native platform seeks to be a single solution that brings fund creation, operational workflows, investment lifecycle management, marketplace access, document intelligence and investor servicing into a single environment. In addition to managing off-the-shelf private market funds, advisors using Aqua can build special purpose vehicles, registered funds, fund of funds and feeder funds.
The $15 million Series A, led by Arthur Ventures with participation from Alumni Ventures, follows a 2021 $3.8 million seed round backed by Google's AI Fund, Y Combinator. It plans to use the funding to accelerate business and platform development, expand its engineering and partnership teams, and deepen integrations across custodians and fund sponsors. (The firm started as a team of six, but now has two dozen employees and it plans to continue to staff up as it onboards more advisors and fund managers.)
To be sure, Aqua is far from alone in attempting to streamline the alternative investments process. The **** e continues to be led by well-known players iCapital and CAIS, which service thousands of wealth firms through their marketplaces, and each has continued to add tech to support the lifecycle of alternative investments. Firms including SUBSCRIBE, Canoe, Gridline, Allocate, Alto, Arch, Opto, GLAS Funds, Altigo/SEI and Apex Alts also compete in the area, focusing on streamlining all aspects of the investment process. In addition, traditional TAMPs like InvestCloud, Envestnet, Orion, Addepar and Black Diamond have made enhancements to support private markets.
#Investments #subscribe #series
The competitive field to build out the tech infrastructure to ease the use of alternative investments in the wealth channel just got a little more crowded as New York-based fintech Aqua announced a $18.8 million Series A to back what it's calling a turnkey alternative investments platform.
The AI-native platform seeks to be a single solution that brings fund creation, operational workflows, investment lifecycle management, marketplace access, document intelligence and investor servicing into a single environment. In addition to managing off-the-shelf private market funds, advisors using Aqua can build special purpose vehicles, registered funds, fund of funds and feeder funds.
The $15 million Series A, led by Arthur Ventures with participation from Alumni Ventures, follows a 2021 $3.8 million seed round backed by Google's AI Fund, Y Combinator. It plans to use the funding to accelerate business and platform development, expand its engineering and partnership teams, and deepen integrations across custodians and fund sponsors. (The firm started as a team of six, but now has two dozen employees and it plans to continue to staff up as it onboards more advisors and fund managers.)
To be sure, Aqua is far from alone in attempting to streamline the alternative investments process. The **** e continues to be led by well-known players iCapital and CAIS, which service thousands of wealth firms through their marketplaces, and each has continued to add tech to support the lifecycle of alternative investments. Firms including SUBSCRIBE, Canoe, Gridline, Allocate, Alto, Arch, Opto, GLAS Funds, Altigo/SEI and Apex Alts also compete in the area, focusing on streamlining all aspects of the investment process. In addition, traditional TAMPs like InvestCloud, Envestnet, Orion, Addepar and Black Diamond have made enhancements to support private markets.
#Investments #subscribe #series
6 days ago
Jeff Klingelhofer, CFA, Managing Director, Portfolio Manager & Senior Research **** yst, Securitized **** ets at Aristotle Pacific didn't set out to be a bond guy but a launchpad at PIMCO, stops in Tokyo and London, and a Chicago MBA detour into a scrappy five-person hedge fund rewired how he thinks about fixed income. The internship stuck, with Klingelhofer building out Thornburg's taxable fixed income desk from employee #3 to Head of Investments, before joining Aristotle Pacific in 2024. The firm is a 15-year-old franchise (formerly Pacific **** et Management) now running roughly $16 billion and, as of July 30, three brand-new ETFs: the Aristotle Core Plus Income ETF (ARCP), the Aristotle Multi-Sector Income ETF (ARMS), and the Aristotle Short Term Income ETF (SDUR).
The pitch isn't about taking on more risk to boost returns but about capturing returns with minimal risk, and that means shopping across every fixed income silo instead of hunting inside one. Klingelhofer gives the example of February 2020, when American Airlines' corporate bond and its aircraft-backed EETC both priced at 3.75% with the same issuer, same tenor, same yield. A month later, COVID hit and the corporate bond cratered to 27 cents on the dollar while the EETC held at 65 cents. Same company, wildly different outcomes because Wall Street desks looked at each instrument in isolation instead of comparing across the capital stack. That's the whole Aristotle Pacific thesis, and it's why he sees the same mispricing setting up today in data center financing.
The three funds slot into that framework by risk level, with SDUR as a low-duration, active-credit alternative to cash, ARCP as a core-bond upgrade aiming to beat the Agg by 100-150bps, and ARMS as the full relative-value expression targeting 250bps over a cycle with real flexibility to shift credit quality. Macro-wise, Klingelhofer thinks the market is underestimating new Fed Chair Warsh, who, unlike his predecessor, inherits a purely high-inflation world with no disinflationary tailwind. It means the firm is positioning the funds slightly long duration as a hedge against credit risk elsewhere in the book. His closing advice to advisors was a cautionary and practical one, that they shouldn't expect Aristotle to work in every environment (no fund does), and to pair its bottom-up process with top-down managers like PIMCO so the two zig and zag differently throughout market cycles.
To learn more about Aristotle Pacific, go here, or you can learn more about their new ETFs here.
#pacific #same #fixed
The pitch isn't about taking on more risk to boost returns but about capturing returns with minimal risk, and that means shopping across every fixed income silo instead of hunting inside one. Klingelhofer gives the example of February 2020, when American Airlines' corporate bond and its aircraft-backed EETC both priced at 3.75% with the same issuer, same tenor, same yield. A month later, COVID hit and the corporate bond cratered to 27 cents on the dollar while the EETC held at 65 cents. Same company, wildly different outcomes because Wall Street desks looked at each instrument in isolation instead of comparing across the capital stack. That's the whole Aristotle Pacific thesis, and it's why he sees the same mispricing setting up today in data center financing.
The three funds slot into that framework by risk level, with SDUR as a low-duration, active-credit alternative to cash, ARCP as a core-bond upgrade aiming to beat the Agg by 100-150bps, and ARMS as the full relative-value expression targeting 250bps over a cycle with real flexibility to shift credit quality. Macro-wise, Klingelhofer thinks the market is underestimating new Fed Chair Warsh, who, unlike his predecessor, inherits a purely high-inflation world with no disinflationary tailwind. It means the firm is positioning the funds slightly long duration as a hedge against credit risk elsewhere in the book. His closing advice to advisors was a cautionary and practical one, that they shouldn't expect Aristotle to work in every environment (no fund does), and to pair its bottom-up process with top-down managers like PIMCO so the two zig and zag differently throughout market cycles.
To learn more about Aristotle Pacific, go here, or you can learn more about their new ETFs here.
#pacific #same #fixed
8 days ago
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A 39-year-old man recently saw roughly $750,000 in company equity vest after four years at the same tech company. His girlfriend of two years wants her name added to the brokerage accounts holding the shares and says keeping the accounts solely in his name means he doesn't trust her—or worse, that he's "hiding money."
Those are two separate issues. Whether to combine finances is a relationship decision. Whether to retitle a six-figure investment account is a financial and legal one. Many financial advisors would recommend evaluating ownership, taxes, and long-term planning before adding anyone else to an account of this size.
The tax treatment depends on the type of equity compensation.
Don't Miss:
#Equity #financial
A 39-year-old man recently saw roughly $750,000 in company equity vest after four years at the same tech company. His girlfriend of two years wants her name added to the brokerage accounts holding the shares and says keeping the accounts solely in his name means he doesn't trust her—or worse, that he's "hiding money."
Those are two separate issues. Whether to combine finances is a relationship decision. Whether to retitle a six-figure investment account is a financial and legal one. Many financial advisors would recommend evaluating ownership, taxes, and long-term planning before adding anyone else to an account of this size.
The tax treatment depends on the type of equity compensation.
Don't Miss:
#Equity #financial
9 days ago
Vertiv, Applied Optoelectronics, and Innodata entered September well below their 2026 highs despite strong operating growth. The pullbacks do not make them interchangeable bargains. Vertiv Holdings Co. (NYSE:VRT) sells power and cooling, Applied Optoelectronics, Inc. (NASDAQ:AAOI) supplies optical transceivers, and Innodata Inc. (NASDAQ:INOD) provides data engineering and model-evaluation services.
Vertiv's second-quarter sales rose 24% to $3.27 billion, adjusted operating margin expanded 410 basis points to 22.6%, and adjusted free cash flow reached $925 million. The bull case is rising power and thermal content per AI rack. The bear case is project timing, supply congestion, and expectations built around long-duration demand. Insider Monkey counted 112 hedge funds holding Vertiv Holdings Co. (NYSE:VRT) in Q2, up from 96 in Q1. Cliff Asness's AQR Capital reported 2,686,683 shares, 0.5% more sequentially.
Applied Optoelectronics posted record revenue of $191.9 million, while 800G volume more than doubled from Q1. Management expects 800G and 1.6-terabit demand to exceed production capacity through mid-2027. That capacity ramp is the bull case; a 27.7% GAAP gross margin, a $22.8 million GAAP loss, customer concentration, and execution are the bear case. Fifty-four hedge funds held Applied Optoelectronics, Inc. (NASDAQ:AAOI), down from 55. Value Aligned Research disclosed 1,595,124 shares, 26% more sequentially.
Innodata's revenue grew 58% to $92.1 million and adjusted EBITDA rose 92% to $25.4 million. Its reusable data sets and evaluation work can expand margins, but large-customer dependence and rapidly changing model-training methods create risk. Twenty-five hedge funds held Innodata Inc. (NASDAQ:INOD), up from 20. Mitch Rubin's RiverPark Advisors reported 2,042 shares, 18% more than in Q1.
AAOI's August 14 short-interest settlement showed 10,421,985 shares sold short, equal to 12.81% of float, with 0.69 days to cover..The elevated short-float percentage signals substantial bearish positioning, while the low days-to-cover ratio suggests shorts could cover relatively quickly at recent trading volumes.Vertiv has the strongest cash generation, AAOI the sharpest capacity upside, and Innodata the lightest physical footprint. A buying opportunity exists only if margins, customer diversification, and cash conversion justify each stock's remaining expectations. The risks also differ in timing. Vertiv can lose on delayed data-center construction, AAOI can lose during the manufacturing ramp, and Innodata can lose when a major customer changes vendors or training methods. Investors should therefore avoid using distance from a high as valuation ******* ysis. Order conversion, gross-margin durability, customer concentration, and diluted share growth are the comparable checkpoints. The pullback improves entry prices, but only operating evidence can establish value. Balance-sheet resilience matters most when capacity plans meet a weaker cycle.
#innodata
Vertiv's second-quarter sales rose 24% to $3.27 billion, adjusted operating margin expanded 410 basis points to 22.6%, and adjusted free cash flow reached $925 million. The bull case is rising power and thermal content per AI rack. The bear case is project timing, supply congestion, and expectations built around long-duration demand. Insider Monkey counted 112 hedge funds holding Vertiv Holdings Co. (NYSE:VRT) in Q2, up from 96 in Q1. Cliff Asness's AQR Capital reported 2,686,683 shares, 0.5% more sequentially.
Applied Optoelectronics posted record revenue of $191.9 million, while 800G volume more than doubled from Q1. Management expects 800G and 1.6-terabit demand to exceed production capacity through mid-2027. That capacity ramp is the bull case; a 27.7% GAAP gross margin, a $22.8 million GAAP loss, customer concentration, and execution are the bear case. Fifty-four hedge funds held Applied Optoelectronics, Inc. (NASDAQ:AAOI), down from 55. Value Aligned Research disclosed 1,595,124 shares, 26% more sequentially.
Innodata's revenue grew 58% to $92.1 million and adjusted EBITDA rose 92% to $25.4 million. Its reusable data sets and evaluation work can expand margins, but large-customer dependence and rapidly changing model-training methods create risk. Twenty-five hedge funds held Innodata Inc. (NASDAQ:INOD), up from 20. Mitch Rubin's RiverPark Advisors reported 2,042 shares, 18% more than in Q1.
AAOI's August 14 short-interest settlement showed 10,421,985 shares sold short, equal to 12.81% of float, with 0.69 days to cover..The elevated short-float percentage signals substantial bearish positioning, while the low days-to-cover ratio suggests shorts could cover relatively quickly at recent trading volumes.Vertiv has the strongest cash generation, AAOI the sharpest capacity upside, and Innodata the lightest physical footprint. A buying opportunity exists only if margins, customer diversification, and cash conversion justify each stock's remaining expectations. The risks also differ in timing. Vertiv can lose on delayed data-center construction, AAOI can lose during the manufacturing ramp, and Innodata can lose when a major customer changes vendors or training methods. Investors should therefore avoid using distance from a high as valuation ******* ysis. Order conversion, gross-margin durability, customer concentration, and diluted share growth are the comparable checkpoints. The pullback improves entry prices, but only operating evidence can establish value. Balance-sheet resilience matters most when capacity plans meet a weaker cycle.
#innodata
9 days ago
Chariot Ltd (AIM:CHAR, OTC:OIGLF) is doubling down on oil production in Angola with a second major transaction alongside Etu Energias and BW Energy. CEO Adonis Pouroulis says the deal follows February's transaction involving Etu Energias and Azule Energy interests in the same blocks.
Metals One PLC (AIM, FRA, OTCQB) has secured a £4 million loan facility from a fund managed by Yorkville Advisors to accelerate its gold-focused growth. MD Daniel Maling says it means the company can grow without diluting shareholders at depressed prices.
Rome Resources Plc (AIM:RMR) has seen contained tin at its Kalayi deposit in the Democratic Republic of Congo jump 45%, with no drop in grade. CEO Paul Barrett says the margin on the project is "fantastic."
Connecting Excellence Group Plc (AQSE:XCE, OTCQB:XCELF) has agreed its first acquisition, a recruitment firm that generated £431,000 in EBITDA in its last financial year. CEO Scott Ellam says the company is targeting profitable, scalable, owner-managed recruitment firms where existing owners want to stay involved.
Tap Global Group PLC (LSE:TAP) has launched a new digital ******* et income strategy to monetise its crypto holdings rather than just hold them. CEO ******* n Torosian thinks Bitcoin's about to start "another bull run."
#energias #managed #recruitment
Metals One PLC (AIM, FRA, OTCQB) has secured a £4 million loan facility from a fund managed by Yorkville Advisors to accelerate its gold-focused growth. MD Daniel Maling says it means the company can grow without diluting shareholders at depressed prices.
Rome Resources Plc (AIM:RMR) has seen contained tin at its Kalayi deposit in the Democratic Republic of Congo jump 45%, with no drop in grade. CEO Paul Barrett says the margin on the project is "fantastic."
Connecting Excellence Group Plc (AQSE:XCE, OTCQB:XCELF) has agreed its first acquisition, a recruitment firm that generated £431,000 in EBITDA in its last financial year. CEO Scott Ellam says the company is targeting profitable, scalable, owner-managed recruitment firms where existing owners want to stay involved.
Tap Global Group PLC (LSE:TAP) has launched a new digital ******* et income strategy to monetise its crypto holdings rather than just hold them. CEO ******* n Torosian thinks Bitcoin's about to start "another bull run."
#energias #managed #recruitment
10 days ago
You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters.
Legacy Edge Advisors, a Syosset, N.Y.-based registered investment advisor with $1.2 billion in client ***** ets, has hired Christopher Weyrauch as its first CEO.
Weyrauch had been head of wealth management at Citizens Financial Group from 2021 to 2024, a role he took after a 28-year run at TIAA, where he was the last CEO and president of TIAA Life Insurance Company.
Legacy Edge Advisors was founded by TIAA wealth management advisors Scott Israel, Robert Rom, Jason Kass and Tim Urie, who split off to start their own firm. They have since added more former TIAA advisors and an advisor for Merrill Lynch, according to Israel.
"Our focus was to build something that was viable, profitable and a place that our colleagues from TIAA and [advisors from] elsewhere could have a place that would give them what TIAA clients are used to," Israel said. "I'll call that phase one, and we did that."
#advisor
Legacy Edge Advisors, a Syosset, N.Y.-based registered investment advisor with $1.2 billion in client ***** ets, has hired Christopher Weyrauch as its first CEO.
Weyrauch had been head of wealth management at Citizens Financial Group from 2021 to 2024, a role he took after a 28-year run at TIAA, where he was the last CEO and president of TIAA Life Insurance Company.
Legacy Edge Advisors was founded by TIAA wealth management advisors Scott Israel, Robert Rom, Jason Kass and Tim Urie, who split off to start their own firm. They have since added more former TIAA advisors and an advisor for Merrill Lynch, according to Israel.
"Our focus was to build something that was viable, profitable and a place that our colleagues from TIAA and [advisors from] elsewhere could have a place that would give them what TIAA clients are used to," Israel said. "I'll call that phase one, and we did that."
#advisor
11 days ago
The cost of holding ETFs has fallen for years amid an intense fee war among issuers. Single-digit expense ratios are commonplace now, and in some cases even those look expensive, like the 0.09% charged by the SPDR S&P 500 ETF Trust (SPY), triple what some competitors charge for the same exposure.
All this is unequivocally great news for investors, but for ETF issuers, not so much. As expense ratios drop, so do the revenues those funds generate, and in most cases, there is little issuers can do about it. Failing to lower fees can lead to hefty outflows, as cost-conscious investors and fiduciary-bound advisors gravitate to cheaper funds.
Case in point: SPY has lost a lot of ****** ets over the years to the Vanguard S&P 500 ETF (VOO) and the iShares Core S&P 500 ETF (IVV), two cheaper funds tracking the same index. VOO has since grown into the largest ETF in the world, at more than $1 trillion in AUM.
Even in a price war, the victors take hits. The cheapest ETFs may gather the most ****** ets, but that is often more than offset by the decline in fees. On the list of the biggest ETF cash cows, only a handful of funds are ultra-cheap. Many more are expensive by ETF standards.
The table below lists the 20 ETFs with the highest implied revenue, an approximation of how much money a fund generates for its issuer, derived by multiplying ****** ets under management by the expense ratio.
#funds
All this is unequivocally great news for investors, but for ETF issuers, not so much. As expense ratios drop, so do the revenues those funds generate, and in most cases, there is little issuers can do about it. Failing to lower fees can lead to hefty outflows, as cost-conscious investors and fiduciary-bound advisors gravitate to cheaper funds.
Case in point: SPY has lost a lot of ****** ets over the years to the Vanguard S&P 500 ETF (VOO) and the iShares Core S&P 500 ETF (IVV), two cheaper funds tracking the same index. VOO has since grown into the largest ETF in the world, at more than $1 trillion in AUM.
Even in a price war, the victors take hits. The cheapest ETFs may gather the most ****** ets, but that is often more than offset by the decline in fees. On the list of the biggest ETF cash cows, only a handful of funds are ultra-cheap. Many more are expensive by ETF standards.
The table below lists the 20 ETFs with the highest implied revenue, an approximation of how much money a fund generates for its issuer, derived by multiplying ****** ets under management by the expense ratio.
#funds
12 days ago
Investment management company First Pacific Advisors recently released its "FPA Queens Road Small Cap Value Fund" second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund returned 27.02% in the first half of 2026, outperforming the Russell 2000 Value Index's 22.99% gain and the S&P 600 Index's 23.90% return. Small-cap earnings growth also began accelerating relative to large caps, while the small-cap technology sector surged nearly 100% in 26H1. The fund's technology holdings gained 72.39%, contributing 14.87 percentage points, compared with a 95.27% return and 7.10-point contribution from the benchmark's technology sector. Excluding IT and cash, the Fund contributed 12.73% versus 15.89% for the Russell 2000 Value Index; on a fully invested basis, the figures were 16.62% and 17.59%, respectively. The portfolio continued to trim appreciated technology holdings amid the AI-driven rally, while maintaining a bottom-up approach and avoiding beaten-down SaaS stocks due to the widening range of AI-related outcomes. The fund also eliminated about $62 million in capital gains during Q2 and approximately $140 million year-to-date through July, while ending the quarter with 10.2% in cash. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, FPA Queens Road Small Cap Value Fund highlighted stocks like Sprouts Farmers Market (NASDAQ:SFM). Sprouts Farmers Market (NASDAQ:SFM) operates a specialty grocery chain focused on fresh, natural, organic, and health-oriented food products. The one-month return of Sprouts Farmers Market (NASDAQ:SFM) was -2.69% while its shares traded between $64.75 and $141.24 over the last 52 weeks. On August 31, 2026, Sprouts Farmers Market (NASDAQ:SFM) stock closed at approximately $82.04 per share, with a market capitalization of about $7.82 billion.
FPA Queens Road Small Cap Value Fund stated the following regarding Sprouts Farmers Market (NASDAQ:SFM) in its Q2 2026 investor letter:
Sprouts Farmers Market (NASDAQ:SFM) is a supermarket chain focusing on fresh, natural, and organic products. The company has strong operating margins, attractive returns on capital, and excellent new store economics. Through April 2025, SFM's stock performed extremely well in concert with strong revenue growth and rising earnings estimates. As SFM's valuation increased, we trimmed our position in late 2024 and early 2025. Then, when growth slowed in the second half of 2025, SFM's share price collapsed. Today, SFM trades at a low-teens multiple of forward earnings and we are comfortable holding a mid-sized position.
#sprouts #farmers #fund #road
In its second-quarter 2026 investor letter, FPA Queens Road Small Cap Value Fund highlighted stocks like Sprouts Farmers Market (NASDAQ:SFM). Sprouts Farmers Market (NASDAQ:SFM) operates a specialty grocery chain focused on fresh, natural, organic, and health-oriented food products. The one-month return of Sprouts Farmers Market (NASDAQ:SFM) was -2.69% while its shares traded between $64.75 and $141.24 over the last 52 weeks. On August 31, 2026, Sprouts Farmers Market (NASDAQ:SFM) stock closed at approximately $82.04 per share, with a market capitalization of about $7.82 billion.
FPA Queens Road Small Cap Value Fund stated the following regarding Sprouts Farmers Market (NASDAQ:SFM) in its Q2 2026 investor letter:
Sprouts Farmers Market (NASDAQ:SFM) is a supermarket chain focusing on fresh, natural, and organic products. The company has strong operating margins, attractive returns on capital, and excellent new store economics. Through April 2025, SFM's stock performed extremely well in concert with strong revenue growth and rising earnings estimates. As SFM's valuation increased, we trimmed our position in late 2024 and early 2025. Then, when growth slowed in the second half of 2025, SFM's share price collapsed. Today, SFM trades at a low-teens multiple of forward earnings and we are comfortable holding a mid-sized position.
#sprouts #farmers #fund #road
12 days ago
Investment management company First Pacific Advisors recently released its "FPA Queens Road Small Cap Value Fund" second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund returned 27.02% in the first half of 2026, outperforming the Russell 2000 Value Index's 22.99% gain and the S&P 600 Index's 23.90% return. Small-cap earnings growth also began accelerating relative to large caps, while the small-cap technology sector surged nearly 100% in 26H1. The fund's technology holdings gained 72.39%, contributing 14.87 percentage points, compared with a 95.27% return and 7.10-point contribution from the benchmark's technology sector. Excluding IT and cash, the Fund contributed 12.73% versus 15.89% for the Russell 2000 Value Index; on a fully invested basis, the figures were 16.62% and 17.59%, respectively. The portfolio continued to trim appreciated technology holdings amid the AI-driven rally, while maintaining a bottom-up approach and avoiding beaten-down SaaS stocks due to the widening range of AI-related outcomes. The fund also eliminated about $62 million in capital gains during Q2 and approximately $140 million year-to-date through July, while ending the quarter with 10.2% in cash. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, FPA Queens Road Small Cap Value Fund highlighted stocks like InterDigital (NASDAQ:IDCC). InterDigital (NASDAQ:IDCC) develops wireless and video technologies and generates licensing revenue from its portfolio of cellular and digital communications patents. The one-month return of InterDigital (NASDAQ:IDCC) was 3.67% while its shares traded between $249.14 and $412.60 over the last 52 weeks. On August 31, 2026, InterDigital (NASDAQ:IDCC) stock closed at approximately $335.15 per share, with a market capitalization of about $8.65 billion.
FPA Queens Road Small Cap Value Fund stated the following regarding InterDigital (NASDAQ:IDCC) in its Q2 2026 investor letter:
"Interdigital (NASDAQ:IDCC) owns an expansive collection of wireless patents. Most of their revenue comes from licensing agreements with smart phone manufacturers, but the company has also started licensing to consumer electronics, auto, industrial and media companies. CEO Liren Chen joined in 2021 from Qualcomm and has done an exceptional job ramping up the pace of licensing deals. The stock price has followed earnings growth higher and IDCC was a top performer for the Fund in 2023, 2024 and 2025. We have trimmed all the way up but still hold a less than 2% position in IDCC."
#fund #small #road
In its second-quarter 2026 investor letter, FPA Queens Road Small Cap Value Fund highlighted stocks like InterDigital (NASDAQ:IDCC). InterDigital (NASDAQ:IDCC) develops wireless and video technologies and generates licensing revenue from its portfolio of cellular and digital communications patents. The one-month return of InterDigital (NASDAQ:IDCC) was 3.67% while its shares traded between $249.14 and $412.60 over the last 52 weeks. On August 31, 2026, InterDigital (NASDAQ:IDCC) stock closed at approximately $335.15 per share, with a market capitalization of about $8.65 billion.
FPA Queens Road Small Cap Value Fund stated the following regarding InterDigital (NASDAQ:IDCC) in its Q2 2026 investor letter:
"Interdigital (NASDAQ:IDCC) owns an expansive collection of wireless patents. Most of their revenue comes from licensing agreements with smart phone manufacturers, but the company has also started licensing to consumer electronics, auto, industrial and media companies. CEO Liren Chen joined in 2021 from Qualcomm and has done an exceptional job ramping up the pace of licensing deals. The stock price has followed earnings growth higher and IDCC was a top performer for the Fund in 2023, 2024 and 2025. We have trimmed all the way up but still hold a less than 2% position in IDCC."
#fund #small #road
12 days ago
Investment management company First Pacific Advisors recently released its "FPA Queens Road Small Cap Value Fund" second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund returned 27.02% in the first half of 2026, outperforming the Russell 2000 Value Index's 22.99% gain and the S&P 600 Index's 23.90% return. Small-cap earnings growth also began accelerating relative to large caps, while the small-cap technology sector surged nearly 100% in 26H1. The fund's technology holdings gained 72.39%, contributing 14.87 percentage points, compared with a 95.27% return and 7.10-point contribution from the benchmark's technology sector. Excluding IT and cash, the Fund contributed 12.73% versus 15.89% for the Russell 2000 Value Index; on a fully invested basis, the figures were 16.62% and 17.59%, respectively. The portfolio continued to trim appreciated technology holdings amid the AI-driven rally, while maintaining a bottom-up approach and avoiding beaten-down SaaS stocks due to the widening range of AI-related outcomes. The fund also eliminated about $62 million in capital gains during Q2 and approximately $140 million year-to-date through July, while ending the quarter with 10.2% in cash. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, FPA Queens Road Small Cap Value Fund highlighted stocks like Vontier (NYSE:VNT). Vontier (NYSE:VNT) provides technology and solutions for mobility, transportation, and industrial markets, including fueling, fleet, and repair applications. The one-month return of Vontier (NYSE:VNT) was -4.76% while its shares traded between $27.25 and $48.20 over the last 52 weeks. On August 31, 2026, Vontier (NYSE:VNT) stock closed at approximately $32.76 per share, with a market capitalization of about $4.35 billion.
FPA Queens Road Small Cap Value Fund stated the following regarding Vontier (NYSE:VNT) in its Q2 2026 investor letter:
"In Q2 we added new position. Vontier (NYSE:VNT) manufactures tanks, pumps and payment systems for gas stations. The company was a 2021 spinoff from Fortive, which itself was the spinoff of Danaher's lower growth industrial ****** ets. Since 2021, Vontier has been dealing with headwinds following a pull forward of sales from changing payment standards (EMV) and reorganizing the disparate collection of businesses that were originally acquired by Danaher. At their November 2025 Investor Day, Vontier made the cogent argument that they benefit from potential sales to the growing convenience store end market. We believe that shares are attractively priced at roughly 9x earnings."
#NYSE #fund #small #technology
In its second-quarter 2026 investor letter, FPA Queens Road Small Cap Value Fund highlighted stocks like Vontier (NYSE:VNT). Vontier (NYSE:VNT) provides technology and solutions for mobility, transportation, and industrial markets, including fueling, fleet, and repair applications. The one-month return of Vontier (NYSE:VNT) was -4.76% while its shares traded between $27.25 and $48.20 over the last 52 weeks. On August 31, 2026, Vontier (NYSE:VNT) stock closed at approximately $32.76 per share, with a market capitalization of about $4.35 billion.
FPA Queens Road Small Cap Value Fund stated the following regarding Vontier (NYSE:VNT) in its Q2 2026 investor letter:
"In Q2 we added new position. Vontier (NYSE:VNT) manufactures tanks, pumps and payment systems for gas stations. The company was a 2021 spinoff from Fortive, which itself was the spinoff of Danaher's lower growth industrial ****** ets. Since 2021, Vontier has been dealing with headwinds following a pull forward of sales from changing payment standards (EMV) and reorganizing the disparate collection of businesses that were originally acquired by Danaher. At their November 2025 Investor Day, Vontier made the cogent argument that they benefit from potential sales to the growing convenience store end market. We believe that shares are attractively priced at roughly 9x earnings."
#NYSE #fund #small #technology
12 days ago
Investment management company First Pacific Advisors recently released its "FPA Queens Road Small Cap Value Fund" second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund returned 27.02% in the first half of 2026, outperforming the Russell 2000 Value Index's 22.99% gain and the S&P 600 Index's 23.90% return. Small-cap earnings growth also began accelerating relative to large caps, while the small-cap technology sector surged nearly 100% in 26H1. The fund's technology holdings gained 72.39%, contributing 14.87 percentage points, compared with a 95.27% return and 7.10-point contribution from the benchmark's technology sector. Excluding IT and cash, the Fund contributed 12.73% versus 15.89% for the Russell 2000 Value Index; on a fully invested basis, the figures were 16.62% and 17.59%, respectively. The portfolio continued to trim appreciated technology holdings amid the AI-driven rally, while maintaining a bottom-up approach and avoiding beaten-down SaaS stocks due to the widening range of AI-related outcomes. The fund also eliminated about $62 million in capital gains during Q2 and approximately $140 million year-to-date through July, while ending the quarter with 10.2% in cash. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, FPA Queens Road Small Cap Value Fund highlighted stocks like Upbound Group (NASDAQ:UPBD). Upbound Group (NASDAQ:UPBD) provides consumer leasing and retail solutions through brands including Rent-A-Center, serving customers seeking flexible payment options. The one-month return of Upbound Group (NASDAQ:UPBD) was -10.86% while its shares traded between $15.82 and $28.03 over the last 52 weeks. On August 28, 2026, Upbound Group (NASDAQ:UPBD) stock closed at approximately $19.22 per share, with a market capitalization of about $1.07 billion.
FPA Queens Road Small Cap Value Fund stated the following regarding Upbound Group (NASDAQ:UPBD) in its Q2 2026 investor letter:
"Upbound Group (NASDAQ:UPBD) lends to sub-prime consumers in two primary segments: Rent-a-Center, which focuses on furniture and appliances through physical stores; and Acima, which offers last-look financing through ***** ociated retailers including electronics and tire shops ("Buy Now Pay Later"). Sub-prime consumers are struggling but Upbound's operating results remain stable. The company has been slow to de-lever after purchasing Acima in 2021 and made another incremental acquisition on Jan. 31, 2025 when it bought Brigit, an app that charges subscription fees to access payday lending. UPBD's stock is cheap at less than five times earnings. But we have been slow to add given the company's leverage and concerns regarding the Buy Now Pay Later segment".
#letter
In its second-quarter 2026 investor letter, FPA Queens Road Small Cap Value Fund highlighted stocks like Upbound Group (NASDAQ:UPBD). Upbound Group (NASDAQ:UPBD) provides consumer leasing and retail solutions through brands including Rent-A-Center, serving customers seeking flexible payment options. The one-month return of Upbound Group (NASDAQ:UPBD) was -10.86% while its shares traded between $15.82 and $28.03 over the last 52 weeks. On August 28, 2026, Upbound Group (NASDAQ:UPBD) stock closed at approximately $19.22 per share, with a market capitalization of about $1.07 billion.
FPA Queens Road Small Cap Value Fund stated the following regarding Upbound Group (NASDAQ:UPBD) in its Q2 2026 investor letter:
"Upbound Group (NASDAQ:UPBD) lends to sub-prime consumers in two primary segments: Rent-a-Center, which focuses on furniture and appliances through physical stores; and Acima, which offers last-look financing through ***** ociated retailers including electronics and tire shops ("Buy Now Pay Later"). Sub-prime consumers are struggling but Upbound's operating results remain stable. The company has been slow to de-lever after purchasing Acima in 2021 and made another incremental acquisition on Jan. 31, 2025 when it bought Brigit, an app that charges subscription fees to access payday lending. UPBD's stock is cheap at less than five times earnings. But we have been slow to add given the company's leverage and concerns regarding the Buy Now Pay Later segment".
#letter
12 days ago
ShipStation, a provider of multicarrier parcel shipping software, is offering e-commerce sellers the ability to also select and coordinate with less-than-truckload operators at pre-negotiated rates in one integrated platform, bringing to life promised benefits from ownership's recent acquisition of freight brokerage Worldwide Express Group.
Few, if any, software-as-a-service companies that connect small-and-midsize merchants with parcel carriers offer a pallet-shipping solution.
"Most of those small companies don't have enough volumes to do full truckload so their first need after parcel shipping tends to be LTL, which creates this natural linkage between LTL freight brokerage and parcel," said Chris Wofford, the founder of Wofford Advisors LLC, a strategic advisory firm for the logistics sector.
In early June, private equity firm Thoma Bravo acquired WWEX Group and merged it with portfolio company Auctane, which provides shipping and fulfillment technology through brands like ShipStation, Stamps.com, Metapack and Packlink. The combined valuation of the companies is $12 billion.
WWEX Group companies include Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics and BLX Logistics.
#group #Logistics
Few, if any, software-as-a-service companies that connect small-and-midsize merchants with parcel carriers offer a pallet-shipping solution.
"Most of those small companies don't have enough volumes to do full truckload so their first need after parcel shipping tends to be LTL, which creates this natural linkage between LTL freight brokerage and parcel," said Chris Wofford, the founder of Wofford Advisors LLC, a strategic advisory firm for the logistics sector.
In early June, private equity firm Thoma Bravo acquired WWEX Group and merged it with portfolio company Auctane, which provides shipping and fulfillment technology through brands like ShipStation, Stamps.com, Metapack and Packlink. The combined valuation of the companies is $12 billion.
WWEX Group companies include Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics and BLX Logistics.
#group #Logistics
12 days ago
Based in Westlake, Texas, The Charles Schwab Corporation (SCHW) is a financial services company offering brokerage, banking, and financial advisory services. It helps individual investors, financial advisors, and employers manage and grow their wealth through investment products, trading platforms, retirement plans, banking services, and professional investment solutions. It has a market capitalization of $190.5 billion.
Companies worth $10 billion to $200 billion are generally described as "large-cap stocks," and SCHW fits that description, with its market cap exceeding this threshold and reflecting its substantial size, influence, and position within the Capital Markets industry. SCHW stands out for its massive client **** et base, strong brand reputation, and trusted customer service. Its large scale improves efficiency, while its focus on innovation strengthens its competitive position. Strategic acquisitions, including Forge Global, also expand its offerings and create opportunities for further growth in the investment services market.
Dear Sandisk Stock Fans, Mark Your Calendars for August 31
Bill Gates Says 'We Need Time to Prepare' for an Economic Upheaval — Especially the $20-an-Hour Workers Being Replaced by $10-an-Hour Robots
Dear Palantir Stock Fans, Here's What Maven's Billion-Dollar ARR Means for PLTR
#market #dear #Stock
Companies worth $10 billion to $200 billion are generally described as "large-cap stocks," and SCHW fits that description, with its market cap exceeding this threshold and reflecting its substantial size, influence, and position within the Capital Markets industry. SCHW stands out for its massive client **** et base, strong brand reputation, and trusted customer service. Its large scale improves efficiency, while its focus on innovation strengthens its competitive position. Strategic acquisitions, including Forge Global, also expand its offerings and create opportunities for further growth in the investment services market.
Dear Sandisk Stock Fans, Mark Your Calendars for August 31
Bill Gates Says 'We Need Time to Prepare' for an Economic Upheaval — Especially the $20-an-Hour Workers Being Replaced by $10-an-Hour Robots
Dear Palantir Stock Fans, Here's What Maven's Billion-Dollar ARR Means for PLTR
#market #dear #Stock
12 days ago
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
When it comes to financial advisors, many investors wonder how much they should be paying in fees — and whether it's worth it. There are several fee structures to choose from (as well as the option of doing it yourself). So how do you know which option works best for you?
Take Josh, for example. His financial advisor is managing a $300,000 portfolio. So far, the returns have been a whopping 30% but Josh is also paying a 2% fixed fee to his advisor.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold
#josh #financial #advisor
When it comes to financial advisors, many investors wonder how much they should be paying in fees — and whether it's worth it. There are several fee structures to choose from (as well as the option of doing it yourself). So how do you know which option works best for you?
Take Josh, for example. His financial advisor is managing a $300,000 portfolio. So far, the returns have been a whopping 30% but Josh is also paying a 2% fixed fee to his advisor.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold
#josh #financial #advisor
13 days ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
David Booth, founder and chairman of $1.1 trillion Dimensional Fund Advisors, says investors do not need artificial intelligence to identify the next great stock because the market already processes the information for them.
"Can you beat it? Can you pick stocks? Do you need to? No," Booth told CNBC's Squawk Box on Tuesday. "It's a waste of time."
That skepticism about picking winners extends to the AI boom. Booth argues that AI can transform the economy without today's biggest beneficiaries staying dominant. He did not name Nvidia Corp. (NASDAQ:NVDA), but the $5 trillion-plus chipmaker sits squarely at the center of that debate.
Booth pointed to the market's long-term returns, saying an investor earning 9% annually would double their money roughly every eight years.
#david #advisors
David Booth, founder and chairman of $1.1 trillion Dimensional Fund Advisors, says investors do not need artificial intelligence to identify the next great stock because the market already processes the information for them.
"Can you beat it? Can you pick stocks? Do you need to? No," Booth told CNBC's Squawk Box on Tuesday. "It's a waste of time."
That skepticism about picking winners extends to the AI boom. Booth argues that AI can transform the economy without today's biggest beneficiaries staying dominant. He did not name Nvidia Corp. (NASDAQ:NVDA), but the $5 trillion-plus chipmaker sits squarely at the center of that debate.
Booth pointed to the market's long-term returns, saying an investor earning 9% annually would double their money roughly every eight years.
#david #advisors
13 days ago
Tax services and software company Ryan has announced that Middle Eastern tax advisory practice Dhruva will be rebranded as Ryan across the United Arab Emirates (UAE) and Saudi Arabia.
The brand transition will be executed in phases throughout the second half of 2026.
This process will see Dhruva's physical signage, visual identity and online ******* ets migrate fully to the Ryan brand across the region.
Dhruva Advisors founder, chairman and CEO and Ryan vice-chairman Dinesh Kanabar said: "The Middle East has been a strategic growth market for us for many years, and we have built a strong advisory practice founded on deep client relationships, technical excellence and local market understanding.
"The transition to the Ryan brand marks a significant milestone in our journey and reflects the strength of our partnership.
#dhruva #advisory #across #market
The brand transition will be executed in phases throughout the second half of 2026.
This process will see Dhruva's physical signage, visual identity and online ******* ets migrate fully to the Ryan brand across the region.
Dhruva Advisors founder, chairman and CEO and Ryan vice-chairman Dinesh Kanabar said: "The Middle East has been a strategic growth market for us for many years, and we have built a strong advisory practice founded on deep client relationships, technical excellence and local market understanding.
"The transition to the Ryan brand marks a significant milestone in our journey and reflects the strength of our partnership.
#dhruva #advisory #across #market
13 days ago
ShipStation, a provider of multicarrier parcel shipping software, is offering e-commerce sellers the ability to also select and coordinate with less-than-truckload operators at pre-negotiated rates in one integrated platform, bringing to life promised benefits from ownership's recent acquisition of freight brokerage Worldwide Express Group.
Few, if any, software-as-a-service companies that connect small-and-midsize merchants with parcel carriers offer a pallet-shipping solution.
"Most of those small companies don't have enough volumes to do full truckload so their first need after parcel shipping tends to be LTL, which creates this natural linkage between LTL freight brokerage and parcel," said Chris Wofford, the founder of Wofford Advisors LLC, a strategic advisory firm for the logistics sector.
In early June, private equity firm Thoma Bravo acquired WWEX Group and merged it with portfolio company Auctane, which provides shipping and fulfillment technology through brands like ShipStation, Stamps.com, Metapack and Packlink. The combined valuation of the companies is $12 billion.
WWEX Group companies include Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics and BLX Logistics.
#parcel #Companies #wwex
Few, if any, software-as-a-service companies that connect small-and-midsize merchants with parcel carriers offer a pallet-shipping solution.
"Most of those small companies don't have enough volumes to do full truckload so their first need after parcel shipping tends to be LTL, which creates this natural linkage between LTL freight brokerage and parcel," said Chris Wofford, the founder of Wofford Advisors LLC, a strategic advisory firm for the logistics sector.
In early June, private equity firm Thoma Bravo acquired WWEX Group and merged it with portfolio company Auctane, which provides shipping and fulfillment technology through brands like ShipStation, Stamps.com, Metapack and Packlink. The combined valuation of the companies is $12 billion.
WWEX Group companies include Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics and BLX Logistics.
#parcel #Companies #wwex
15 days ago
When it comes to financial advisors, many investors wonder how much they should be paying in fees — and whether it's worth it. There are several fee structures to choose from (as well as the option of doing it yourself). So how do you know which option works best for you?
Take Josh, for example. His financial advisor is managing a $300,000 portfolio. So far, the returns have been a whopping 30% but Josh is also paying a 2% fixed fee to his advisor.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#paying #advisor #jeff
Take Josh, for example. His financial advisor is managing a $300,000 portfolio. So far, the returns have been a whopping 30% but Josh is also paying a 2% fixed fee to his advisor.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#paying #advisor #jeff
17 days ago
How can I find a certified financial planner (CFP) who is not **** ociated with a brokerage house? I want truly independent advice and not steered toward selling me securities. I especially want tax advice. Everyone I have called turned out to be **** ociated with a brokerage house.
-Anonymous
This question shows that you're definitely on the right track toward finding a financial advisor who will put your needs first.
There's no surefire way of finding the right fit, but there are a few important filters you can use to increase your odds. (Looking for financial advice? This tool can help match you with potential advisors.)
Why the CFP Certification Matters
#financial #House #right #finding
-Anonymous
This question shows that you're definitely on the right track toward finding a financial advisor who will put your needs first.
There's no surefire way of finding the right fit, but there are a few important filters you can use to increase your odds. (Looking for financial advice? This tool can help match you with potential advisors.)
Why the CFP Certification Matters
#financial #House #right #finding
17 days ago
Maryland-based investment firm Hull Street Energy announced it has completed its acquisition of two Midwestern power plants that provide electricity in the PJM Interconnection.The company on August 26 said the facilities, which together are included in Hull Street's "GridFlex Portfolio," are the 677-ME gas-fired Lee County Generating Station in Illinois, and the 586-MW dual-fuel Tait Electric Generating Station in Ohio. Terms of the deal with Rockland Capital, which was first announced in March of this year, were not disclosed."Dispatchable resources are increasingly important as the resource mix becomes more intermittent and demand grows. This is particularly true in PJM where declining reserve margins are increasing the need to retain and improve ***** ets like Lee and Tait," said Sarah Wright, founder and managing partner of Hull Street Energy.Hull Street said the GridFlex Portfolio, together with the company's Milepost Power fleet, means Hull Street now owns nearly 5 GW of gas-fired and duel-fueled power generation capacity in the U.S. The company said it is positioned as one of the nation's largest, privately held power producers.
[evtx_block slug="ep-2026-textblock"]
The deal announced Wednesday was backed with equity from Hull Street Energy managed funds and committed senior secured debt financing. Rockland Capital, headquartered in Texas, is a private equity company that was formed in early 2003 in order to acquire and develop selected investment opportunities in power and energy infrastructure markets. The company has invested in energy projects in the U.S. and UK.Santander and Investec Inc. served as Joint Lead Arrangers and Joint Bookrunners for the GridFlex deal, with Santander acting as Administrative Agent. Troutman Pepper Locke acted as legal counsel to Hull Street. PEI Global Partners, LLC and Houlihan Lokey acted as financial advisors, and Bracewell acted as legal counsel to Rockland.Hull Street earlier this year acquired a portfolio of renewable energy generation ***** ets from FirstLight USA. The deal includes ownership of Northfield Mountain, a 1,168-MW pumped storage hydro facility in Massachusetts that is the largest energy storage facility in New England. The acquisition also includes 14 hydroelectric stations located in Connecticut, Massachusetts, and Pennsylvania, along with three operational solar and battery facilities in the Northeast.—Darrell Proctor is a senior editor for POWER.
#hull #street #company #Portfolio
[evtx_block slug="ep-2026-textblock"]
The deal announced Wednesday was backed with equity from Hull Street Energy managed funds and committed senior secured debt financing. Rockland Capital, headquartered in Texas, is a private equity company that was formed in early 2003 in order to acquire and develop selected investment opportunities in power and energy infrastructure markets. The company has invested in energy projects in the U.S. and UK.Santander and Investec Inc. served as Joint Lead Arrangers and Joint Bookrunners for the GridFlex deal, with Santander acting as Administrative Agent. Troutman Pepper Locke acted as legal counsel to Hull Street. PEI Global Partners, LLC and Houlihan Lokey acted as financial advisors, and Bracewell acted as legal counsel to Rockland.Hull Street earlier this year acquired a portfolio of renewable energy generation ***** ets from FirstLight USA. The deal includes ownership of Northfield Mountain, a 1,168-MW pumped storage hydro facility in Massachusetts that is the largest energy storage facility in New England. The acquisition also includes 14 hydroelectric stations located in Connecticut, Massachusetts, and Pennsylvania, along with three operational solar and battery facilities in the Northeast.—Darrell Proctor is a senior editor for POWER.
#hull #street #company #Portfolio
18 days ago
SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Say that, as a married couple, you have $1.4 million in your IRAs and, at age 66, expect about $4,100 per month in Social Security. Based on some typical rules of thumb, you might be able to plan on about $108,000 per year of retirement income, but how much you actually need and will be able to take will depend on your specific circumstances.
Here's how to think about it, including a breakdown of the numbers. And if you want someone to double check your own retirement calculations, consider matching with a financial advisor for free.
Frequent commenter to this section Kevin Caldwell, Principal with the wealth management firm Golden Road Advisors, refers to retirement planning as an approach in "buckets." As you prepare for retirement, it's good to think about your budget in terms of specific parts of life. One way to organize this is:
Needs
#Social #based
Say that, as a married couple, you have $1.4 million in your IRAs and, at age 66, expect about $4,100 per month in Social Security. Based on some typical rules of thumb, you might be able to plan on about $108,000 per year of retirement income, but how much you actually need and will be able to take will depend on your specific circumstances.
Here's how to think about it, including a breakdown of the numbers. And if you want someone to double check your own retirement calculations, consider matching with a financial advisor for free.
Frequent commenter to this section Kevin Caldwell, Principal with the wealth management firm Golden Road Advisors, refers to retirement planning as an approach in "buckets." As you prepare for retirement, it's good to think about your budget in terms of specific parts of life. One way to organize this is:
Needs
#Social #based
18 days ago
Hollywood actress Leslie Mann recently opened up about the hilarious and often conflicting fashion advice she regularly receives from her two adult daughters.
Making a special guest appearance on a popular new podcast, the beloved comedic star shared highly relatable stories about navigating motherhood and trusting the unfiltered opinions of her children. The candid conversation highlighted the unique, sometimes chaotic dynamic between mothers and daughters when it comes to personal style and brutal honesty.
The engaging interview also gave the podcast host a platform to discuss her own experiences raising a house full of young girls while firmly defending her family structure.
The veteran actress revealed that her daughters currently serve as her absolute most trusted fashion advisors when preparing for public events or personal trips.
During her engaging conversation on the Monday episode of the Not Gonna Lie podcast, the 54-year-old star spoke glowingly about her deep bond with 28-year-old Maude and 23-year-old Iris.
#conversation
Making a special guest appearance on a popular new podcast, the beloved comedic star shared highly relatable stories about navigating motherhood and trusting the unfiltered opinions of her children. The candid conversation highlighted the unique, sometimes chaotic dynamic between mothers and daughters when it comes to personal style and brutal honesty.
The engaging interview also gave the podcast host a platform to discuss her own experiences raising a house full of young girls while firmly defending her family structure.
The veteran actress revealed that her daughters currently serve as her absolute most trusted fashion advisors when preparing for public events or personal trips.
During her engaging conversation on the Monday episode of the Not Gonna Lie podcast, the 54-year-old star spoke glowingly about her deep bond with 28-year-old Maude and 23-year-old Iris.
#conversation
19 days ago
New York-based BlackRock, Inc. (BLK) is the world's largest ******* et manager, overseeing a vast range of investments for institutions, financial advisors, and individual investors worldwide. Beyond its dominant iShares ETF franchise, the company offers active and index strategies, private market investments, cash management, and technology solutions through its Aladdin platform. The company has a market capitalization of $181.6 billion.
Despite its massive scale and strong business momentum, BlackRock's stock has had a relatively muted run. BLK stock has grown 2.1% over the past 52 weeks and 9.6% on a YTD basis. In comparison, the S&P 500 Index ($SPX) has returned 18.3% over the past year and has grown 11.8% in 2026.
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#index #Investments
Despite its massive scale and strong business momentum, BlackRock's stock has had a relatively muted run. BLK stock has grown 2.1% over the past 52 weeks and 9.6% on a YTD basis. In comparison, the S&P 500 Index ($SPX) has returned 18.3% over the past year and has grown 11.8% in 2026.
IonQ vs. Rigetti: The Better Quantum Computing Stock for Long-Term Investors
QQQ is Still in a Negative Gamma Regime. Here's How a 'Put Wall' and Fibonacci Support Could Come Into Play.
Stocks Set to Open Lower as Chipmakers Get Hit, Nvidia Earnings and Warsh's Jackson Hole Speech Awaited
#index #Investments
20 days ago
In a recent CNBC interview, Billionaire Leon Cooperman said that he has a negative view of the market amid a rising fiscal deficit and debt. The billionaire quoted Warren Buffett, who once said that the market sometimes reaches a point where investors don't respond to events like interest rates and believe it would be a mistake to get out of stocks.
"Like Pavlov's dogs, these investors learned that when the bell rings—in this case, the one that rings at the New York Stock Exchange at 9:30 a.m.—they get fed," Cooperman said, quoting Buffett. "Through this rally, they become reinforced and convinced that there is a God, and He wants them to get rich."
Omega Advisors recently posted its second-quarter filings, and it shows the fund was buying two new stocks. Omega picked up 880,000 shares of Amrize AG (NYSE: AMRZ), a building materials company, during the second quarter. The firm also bought 11.38 million shares of GPGI (NYSE: GPGI), a diversified industrial company.
Both positions were new additions to Omega's portfolio in the second quarter. In this article, we will ****** yze AMRZ in detail.
Amrize makes cement, aggregates, and roofing materials for construction projects across North America. Bulls are enthusiastic about the Building Materials business. Cement volume grew 5% and aggregates volume grew 6.5% in the second quarter, and aggregates pricing rose 4% on a freight-adjusted basis. CEO Jan Jenisch pointed to rising demand from data centers, energy projects, and infrastructure work, and management raised full-year revenue guidance.
#quarter
"Like Pavlov's dogs, these investors learned that when the bell rings—in this case, the one that rings at the New York Stock Exchange at 9:30 a.m.—they get fed," Cooperman said, quoting Buffett. "Through this rally, they become reinforced and convinced that there is a God, and He wants them to get rich."
Omega Advisors recently posted its second-quarter filings, and it shows the fund was buying two new stocks. Omega picked up 880,000 shares of Amrize AG (NYSE: AMRZ), a building materials company, during the second quarter. The firm also bought 11.38 million shares of GPGI (NYSE: GPGI), a diversified industrial company.
Both positions were new additions to Omega's portfolio in the second quarter. In this article, we will ****** yze AMRZ in detail.
Amrize makes cement, aggregates, and roofing materials for construction projects across North America. Bulls are enthusiastic about the Building Materials business. Cement volume grew 5% and aggregates volume grew 6.5% in the second quarter, and aggregates pricing rose 4% on a freight-adjusted basis. CEO Jan Jenisch pointed to rising demand from data centers, energy projects, and infrastructure work, and management raised full-year revenue guidance.
#quarter
20 days ago
RGA Investment Advisors, an investment management company, has released its second-quarter 2026 investor letter. The letter can be downloaded here. The letter addresses the incorporation of AI into investment strategies and the dramatic changes in market dynamics that have emerged, specifically referencing the AI Bottleneck 40. This group of stocks is crucial to data center infrastructure. Initially, these stocks were closely aligned with the S&P, but by mid-2025, they began to diverge and outperform the index, exhibiting significant volatility, with realized volatility rates approaching 60%. The letter stresses the importance of continually monitoring these trends and adjusting the investment strategy. Also, check the fund's top five holdings to see its best picks in 2026.
In its Q2 2026 investor letter, RGA Investment Advisors highlighted Roku, Inc. (NASDAQ:ROKU). Headquartered in San Jose, California, Roku, Inc. (NASDAQ:ROKU) is a TV streaming platform. On August 24, 2026, Roku, Inc. (NASDAQ:ROKU) closed at $158.18 per share, reflecting a market capitalization of $23.48 billion. Roku, Inc. (NASDAQ:ROKU) posted a one‑month return of 9.92%, while its shares gained 65.53% over the past 52 weeks.
RGA Investment Advisors stated the following regarding Roku, Inc. (NASDAQ:ROKU) in its Q2 2026 investor letter:
"On June 15th, Roku, Inc. (NASDAQ:ROKU) announced that it would be acquired by Fox Corp (FOXA). We first bought shares in Roku in late 2018 and what a wild ride it has been. We sold shares several times along the way and bought meaningfully more when the remaining position almost fully round-tripped to our basis. Had you told us the outcome ex ante in 2018, we would have been excited. Yet it all feels bittersweet, with solid overall returns accompanied by a half-dozen impactful lessons that continue to shape how we approach underwriting stocks, portfolio management and the tax consequences of selling.
As with many companies and investors, COVID led to some behavioral changes that were costly. Roku was distinctly on the right track toward correcting those errors by right-sizing the cost structure, building a robust strategy to drive ARPU and commencing a share repurchase program to capitalize on a cheap stock and healthy balance sheet. We applaud Roku's execution following their course correction.
#advisors #investor #stocks
In its Q2 2026 investor letter, RGA Investment Advisors highlighted Roku, Inc. (NASDAQ:ROKU). Headquartered in San Jose, California, Roku, Inc. (NASDAQ:ROKU) is a TV streaming platform. On August 24, 2026, Roku, Inc. (NASDAQ:ROKU) closed at $158.18 per share, reflecting a market capitalization of $23.48 billion. Roku, Inc. (NASDAQ:ROKU) posted a one‑month return of 9.92%, while its shares gained 65.53% over the past 52 weeks.
RGA Investment Advisors stated the following regarding Roku, Inc. (NASDAQ:ROKU) in its Q2 2026 investor letter:
"On June 15th, Roku, Inc. (NASDAQ:ROKU) announced that it would be acquired by Fox Corp (FOXA). We first bought shares in Roku in late 2018 and what a wild ride it has been. We sold shares several times along the way and bought meaningfully more when the remaining position almost fully round-tripped to our basis. Had you told us the outcome ex ante in 2018, we would have been excited. Yet it all feels bittersweet, with solid overall returns accompanied by a half-dozen impactful lessons that continue to shape how we approach underwriting stocks, portfolio management and the tax consequences of selling.
As with many companies and investors, COVID led to some behavioral changes that were costly. Roku was distinctly on the right track toward correcting those errors by right-sizing the cost structure, building a robust strategy to drive ARPU and commencing a share repurchase program to capitalize on a cheap stock and healthy balance sheet. We applaud Roku's execution following their course correction.
#advisors #investor #stocks
20 days ago
RGA Investment Advisors, an investment management company, has released its second-quarter 2026 investor letter. The letter can be downloaded here. The letter addresses the incorporation of AI into investment strategies and the dramatic changes in market dynamics that have emerged, specifically referencing the AI Bottleneck 40. This group of stocks is crucial to data center infrastructure. Initially, these stocks were closely aligned with the S&P, but by mid-2025, they began to diverge and outperform the index, exhibiting significant volatility, with realized volatility rates approaching 60%. The letter stresses the importance of continually monitoring these trends and adjusting the investment strategy. Also, check the fund's top five holdings to see its best picks in 2026.
In its Q2 2026 investor letter, RGA Investment Advisors highlighted GitLab Inc. (NASDAQ:GTLB). GitLab Inc. (NASDAQ:GTLB) develops a platform that supports the software development lifecycle, covering DevSecOps lifecycle stages. On August 24, 2026, GitLab Inc. (NASDAQ:GTLB) closed at $42.03 per share, reflecting a market capitalization of $7.099 billion. GitLab Inc. (NASDAQ:GTLB) posted a one‑month return of 27.50%, while its shares lost 3.98% over the past 52 weeks.
RGA Investment Advisors stated the following regarding GitLab Inc. (NASDAQ:GTLB) in its Q2 2026 investor letter:
"We bought shares in GitLab Inc. (NASDAQ:GTLB). GitLab is a software company offering DevSecOps and git management for enterprises, serving as an essential "orchestrating" layer for companies to securely manage their codebase and IP. AI is unquestionably driving demand for GitLab's offerings, but there is concern around its traditional per seat pricing model versus a consumption-based model. If AI reduces the number of employees in technical roles at large enterprises, this presents a headwind to growth. This headwind has slowed top-line growth faster than GitLab's budding consumption-based models for AI agents have been able to replace the lost revenue. As it stands today, AI-based revenues are a small piece of the pie, but we expect substantial growth over time. At sub-4x EV/sales, around 20x EV/EBITDA and a free cash flow yield over 5%, we think the valuation is compelling for a business still growing its top line in the high teens and playing an increasingly important role in enterprise AI workflows."
GitLab Inc. (NASDAQ:GTLB) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 50 hedge fund portfolios held GitLab Inc. (NASDAQ:GTLB) at the end of the second quarter, which was 43 in the previous quarter. While we acknowledge the potential of GitLab Inc. (NASDAQ:GTLB) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI
In its Q2 2026 investor letter, RGA Investment Advisors highlighted GitLab Inc. (NASDAQ:GTLB). GitLab Inc. (NASDAQ:GTLB) develops a platform that supports the software development lifecycle, covering DevSecOps lifecycle stages. On August 24, 2026, GitLab Inc. (NASDAQ:GTLB) closed at $42.03 per share, reflecting a market capitalization of $7.099 billion. GitLab Inc. (NASDAQ:GTLB) posted a one‑month return of 27.50%, while its shares lost 3.98% over the past 52 weeks.
RGA Investment Advisors stated the following regarding GitLab Inc. (NASDAQ:GTLB) in its Q2 2026 investor letter:
"We bought shares in GitLab Inc. (NASDAQ:GTLB). GitLab is a software company offering DevSecOps and git management for enterprises, serving as an essential "orchestrating" layer for companies to securely manage their codebase and IP. AI is unquestionably driving demand for GitLab's offerings, but there is concern around its traditional per seat pricing model versus a consumption-based model. If AI reduces the number of employees in technical roles at large enterprises, this presents a headwind to growth. This headwind has slowed top-line growth faster than GitLab's budding consumption-based models for AI agents have been able to replace the lost revenue. As it stands today, AI-based revenues are a small piece of the pie, but we expect substantial growth over time. At sub-4x EV/sales, around 20x EV/EBITDA and a free cash flow yield over 5%, we think the valuation is compelling for a business still growing its top line in the high teens and playing an increasingly important role in enterprise AI workflows."
GitLab Inc. (NASDAQ:GTLB) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 50 hedge fund portfolios held GitLab Inc. (NASDAQ:GTLB) at the end of the second quarter, which was 43 in the previous quarter. While we acknowledge the potential of GitLab Inc. (NASDAQ:GTLB) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI
