24 days ago
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If you've been worried sick about higher prices, one of Wall Street's most-watched bulls has a message for you: relief may be on the way.
"I think the probabilities are really high. It's going to drop," Tom Lee, co-founder of Fundstrat Global Advisors, said of inflation in a Sept. 25 interview.
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
A single line on your car insurance policy could be inflating your premium by up to 30% — here's what to change
#finance #earn
If you've been worried sick about higher prices, one of Wall Street's most-watched bulls has a message for you: relief may be on the way.
"I think the probabilities are really high. It's going to drop," Tom Lee, co-founder of Fundstrat Global Advisors, said of inflation in a Sept. 25 interview.
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
A single line on your car insurance policy could be inflating your premium by up to 30% — here's what to change
#finance #earn
25 days ago
The stock market has its dips, but historically, Apple (APPL) stock has done well for investors. As of Oct. 1, it traded for $330.32 — a nearly 30% yearly increase, according to Yahoo Finance. Take it back further to 2016, and the stock has gone up by a little over 1,063%.
As a new investor, you might be thinking Apple stock is the perfect buy. However, as with any other investment, it's not without risk. These are some of the most common mistakes investors make when buying stocks, according to financial advisors Ed Peagler and Xintian **** .
As per J.P. Morgan, the general advice when it comes to stocks is to put no more than 10% to 20% of your total portfolio in one stock. Of course, when you see the numbers rising on a particular stock, it's easy to get excited and make investment choices based on that.
This can be a mistake, though.
"Apple is a spectacular company that most people already know and love. It's no surprise, then, that many individuals end up with too large a position in their overall portfolio. And they don't feel like they have a high concentration stock because it's Apple. They trust it," said Xintian **** , CPA, senior tax manager at Alexander Accountants, CPAs. "But high concentration is high concentration. And it amplifies the risk of an unsafe, underestimated stock."
#concentration #according
As a new investor, you might be thinking Apple stock is the perfect buy. However, as with any other investment, it's not without risk. These are some of the most common mistakes investors make when buying stocks, according to financial advisors Ed Peagler and Xintian **** .
As per J.P. Morgan, the general advice when it comes to stocks is to put no more than 10% to 20% of your total portfolio in one stock. Of course, when you see the numbers rising on a particular stock, it's easy to get excited and make investment choices based on that.
This can be a mistake, though.
"Apple is a spectacular company that most people already know and love. It's no surprise, then, that many individuals end up with too large a position in their overall portfolio. And they don't feel like they have a high concentration stock because it's Apple. They trust it," said Xintian **** , CPA, senior tax manager at Alexander Accountants, CPAs. "But high concentration is high concentration. And it amplifies the risk of an unsafe, underestimated stock."
#concentration #according
25 days ago
Retirement isn't supposed to be a financial obstacle course. But for many retirees, it becomes one — not because they didn't save enough, but because they're avoiding the very decisions that could protect what they've already built. Small postponements and wishful thinking can quietly spiral into serious money problems.
Financial advisors see it happen again and again: retirees who put off critical decisions until the damage is done. Here are five avoidance moves that consistently undermine retirement security.
Without a realistic retirement plan, it's easy to spend more than your savings can actually support.
"What makes this especially difficult is that the conversation goes beyond just the numbers," explained Linda Grizely, financial wellness and behavioral finance speaker. "It can feel like a judgment about lifestyle, independence and past financial choices."
Most retirees keep doing what feels comfortable and hope it works out. Instead, Grizely recommended mapping your cash flow, spending, income, investments, taxes and account withdrawal strategy. Revisit this at least annually and whenever spending, markets, taxes, health or life circumstances shift.
#retirees #grizely #spending
Financial advisors see it happen again and again: retirees who put off critical decisions until the damage is done. Here are five avoidance moves that consistently undermine retirement security.
Without a realistic retirement plan, it's easy to spend more than your savings can actually support.
"What makes this especially difficult is that the conversation goes beyond just the numbers," explained Linda Grizely, financial wellness and behavioral finance speaker. "It can feel like a judgment about lifestyle, independence and past financial choices."
Most retirees keep doing what feels comfortable and hope it works out. Instead, Grizely recommended mapping your cash flow, spending, income, investments, taxes and account withdrawal strategy. Revisit this at least annually and whenever spending, markets, taxes, health or life circumstances shift.
#retirees #grizely #spending
26 days ago
Dividend-paying stocks are taking a beating as surging Treasury yields make bonds a more competitive income source, creating a difficult environment for baby boomers who lean on dividend funds and individual stocks to cover living expenses in retirement.
Utilities, real estate, and materials have all experienced share-price declines as climbing bond yields have drawn income-seeking investors away from dividend stocks. The 10-year Treasury yield has remained north of 5%, recently hovering between 5.2% and 5.3%, while the 20-year has hit 5.68% and the 30-year has reached 5.62% — marks last seen more than two decades ago, according to Benzinga.
The pain shows up clearly in fund performance. The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) lost 7.59% over the trailing month, and the iShares Select Dividend ETF (DVY) shed 6.02% in the same window, according to CNBC. The Vanguard High Dividend Yield Index ETF (VYM) gave back 3.85% over the past month. The WisdomTree U.S. Quality Dividend Growth Fund (DGRW) stands apart, with its heavy tilt toward technology helping limit its one-month loss to just 0.81%.
The Federal Reserve raised its overnight rate by a quarter percentage point on Sept. 16, and markets are pricing in additional increases, keeping pressure on rate-sensitive dividend sectors. The 10-year yield touched 5.342% and the 30-year reached 5.683%, their highest marks in 24 years, driven in part by rising public debt, geopolitical tensions, and the prospect of a prolonged high-rate environment.
Despite the pressure, financial advisors caution retirees against making reactive moves. "The worst thing that a retiree could do is sell a high-quality dividend payer at depressed prices to chase income somewhere else in the stock market just to get higher yield," Timothy Chubb, chief investment officer at Girard, a Univest Wealth Division, told CNBC. Chubb said he would rather own a company growing 4% to 5% annually with a 3% dividend yield than pursue an 8% yield from a deteriorating business.
#Dividend #yield #month #treasury
Utilities, real estate, and materials have all experienced share-price declines as climbing bond yields have drawn income-seeking investors away from dividend stocks. The 10-year Treasury yield has remained north of 5%, recently hovering between 5.2% and 5.3%, while the 20-year has hit 5.68% and the 30-year has reached 5.62% — marks last seen more than two decades ago, according to Benzinga.
The pain shows up clearly in fund performance. The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) lost 7.59% over the trailing month, and the iShares Select Dividend ETF (DVY) shed 6.02% in the same window, according to CNBC. The Vanguard High Dividend Yield Index ETF (VYM) gave back 3.85% over the past month. The WisdomTree U.S. Quality Dividend Growth Fund (DGRW) stands apart, with its heavy tilt toward technology helping limit its one-month loss to just 0.81%.
The Federal Reserve raised its overnight rate by a quarter percentage point on Sept. 16, and markets are pricing in additional increases, keeping pressure on rate-sensitive dividend sectors. The 10-year yield touched 5.342% and the 30-year reached 5.683%, their highest marks in 24 years, driven in part by rising public debt, geopolitical tensions, and the prospect of a prolonged high-rate environment.
Despite the pressure, financial advisors caution retirees against making reactive moves. "The worst thing that a retiree could do is sell a high-quality dividend payer at depressed prices to chase income somewhere else in the stock market just to get higher yield," Timothy Chubb, chief investment officer at Girard, a Univest Wealth Division, told CNBC. Chubb said he would rather own a company growing 4% to 5% annually with a 3% dividend yield than pursue an 8% yield from a deteriorating business.
#Dividend #yield #month #treasury
26 days ago
Wealthy baby boomers have spent decades building their fortunes—and the foundations, donor-advised funds, and giving traditions that come with them. But as the $124 trillion Great Wealth Transfer gets underway, a growing share of the older generation isn't so sure their kids will carry on tradition the way they hope.
Fewer than half of wealthy Americans (47%) believe the next generation is prepared to take on family philanthropic causes, down from 55% in 2024, according to research from Bank of America released last week. The share of parents who believe their children share their commitment to giving back fell even more sharply to 65% from 76%. The bank surveyed more than 1,430 wealthy individuals in the U.S. aged 21 or older with at least $3 million in investable ******* ets, excluding primary residence.
The confidence gap in philanthropy mirrors a broader anxiety wealth advisors have noticed about whether heirs are ready for any of it.
"This is a very real concern I'm hearing from ultra-affluent families right now," Tom Thiegs, managing director of leadership and legacy at Ascent Private Capital Management with U.S. Bank, told Fortune of parents' fears that wealth could dampen their children's drive. Trent Von Ahsen of Cedar Point Capital Partners also told Fortune his clients are leaning on mentorship and phased wealth transfers rather than lump-sum inheritances.
But the irony is younger donors are, by several of the study's measures, more engaged donors than older generations. Gen Z and millennial donors support an average of 12 charitable causes, compared with eight among wealth donors overall. They're also roughly twice as likely to use a donor-advised fund, and 87% say honoring their family's philanthropic tradition is important. Meanwhile, 86% say it's equally important to establish their own charitable identity.
#advised
Fewer than half of wealthy Americans (47%) believe the next generation is prepared to take on family philanthropic causes, down from 55% in 2024, according to research from Bank of America released last week. The share of parents who believe their children share their commitment to giving back fell even more sharply to 65% from 76%. The bank surveyed more than 1,430 wealthy individuals in the U.S. aged 21 or older with at least $3 million in investable ******* ets, excluding primary residence.
The confidence gap in philanthropy mirrors a broader anxiety wealth advisors have noticed about whether heirs are ready for any of it.
"This is a very real concern I'm hearing from ultra-affluent families right now," Tom Thiegs, managing director of leadership and legacy at Ascent Private Capital Management with U.S. Bank, told Fortune of parents' fears that wealth could dampen their children's drive. Trent Von Ahsen of Cedar Point Capital Partners also told Fortune his clients are leaning on mentorship and phased wealth transfers rather than lump-sum inheritances.
But the irony is younger donors are, by several of the study's measures, more engaged donors than older generations. Gen Z and millennial donors support an average of 12 charitable causes, compared with eight among wealth donors overall. They're also roughly twice as likely to use a donor-advised fund, and 87% say honoring their family's philanthropic tradition is important. Meanwhile, 86% say it's equally important to establish their own charitable identity.
#advised
1 month ago
SEIC provides investment processing, management, and operational platforms for private banks, financial advisors, institutional investors, and financial managers. SEIC's second-quarter fiscal 2026 report showed revenue of $641.6 million (a 14.7% year-over-year gain), adjusted per-share earnings of $1.66 (a 38% rise), $207 million in operating income (a 36% jump) – all of which were quarterly records – and the company has nearly $400 million in cash for more growth ahead.
It's no wonder SEIC shares are up 28% so far this year – and they could rise more. MoneyFlows data shows how Big Money investors are again betting heavily on the stock
Institutional volumes reveal plenty. Over the last year, SEIC has enjoyed strong investor demand, which we believe to be institutional support.
Each green bar signals unusually large volumes in SEIC shares. They reflect our proprietary inflow signal, pushing the stock higher:
Plenty of financials names are under accumulation right now. But there's a powerful fundamental story happening with SEI.
#institutional #investors #Stock
It's no wonder SEIC shares are up 28% so far this year – and they could rise more. MoneyFlows data shows how Big Money investors are again betting heavily on the stock
Institutional volumes reveal plenty. Over the last year, SEIC has enjoyed strong investor demand, which we believe to be institutional support.
Each green bar signals unusually large volumes in SEIC shares. They reflect our proprietary inflow signal, pushing the stock higher:
Plenty of financials names are under accumulation right now. But there's a powerful fundamental story happening with SEI.
#institutional #investors #Stock
1 month ago
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A mind is a terrible thing to waste, but college is awfully expensive.
Depending on where someone goes to school, they can be left with a lot of debt — an albatross that can hang around their neck for decades. Among 401(k) plan participants in their 40s, those with student loan debt had median retirement account balances roughly 45% lower than those without, according to a new report from the Employee Benefit Research Institute.
The best option is to figure out scholarships, financial aid, debt timelines and what school makes financial sense before going to college. But that's not reality for many clients, leaving advisors to help fit student debt into a financial plan that balances both loans and savings. "The biggest mistake I see is treating student loans as an all-or-nothing problem," said Corinna Rose, a CFP with Bell Investment Advisors. "Many borrowers think they need to eliminate every dollar of debt before they can start investing."
Sign up for The Daily Upside at no cost for premium ******* ysis on all your favorite stocks.
#student #sign #many
A mind is a terrible thing to waste, but college is awfully expensive.
Depending on where someone goes to school, they can be left with a lot of debt — an albatross that can hang around their neck for decades. Among 401(k) plan participants in their 40s, those with student loan debt had median retirement account balances roughly 45% lower than those without, according to a new report from the Employee Benefit Research Institute.
The best option is to figure out scholarships, financial aid, debt timelines and what school makes financial sense before going to college. But that's not reality for many clients, leaving advisors to help fit student debt into a financial plan that balances both loans and savings. "The biggest mistake I see is treating student loans as an all-or-nothing problem," said Corinna Rose, a CFP with Bell Investment Advisors. "Many borrowers think they need to eliminate every dollar of debt before they can start investing."
Sign up for The Daily Upside at no cost for premium ******* ysis on all your favorite stocks.
#student #sign #many
1 month ago
President attacks insiders who revealed details of Iran briefing with Tulsi Gabbard to Wall Street Journal last month, threatening repercussions
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President Donald Trump has lashed out at leakers in his own administration after a series of behind-the-scenes reports on the Iran war.
As the conflict Trump claimed would be over in six weeks drags into its seventh month, insiders have repeatedly claimed the president was warned against taking action by his own advisors.
#Iran #claimed #street
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President Donald Trump has lashed out at leakers in his own administration after a series of behind-the-scenes reports on the Iran war.
As the conflict Trump claimed would be over in six weeks drags into its seventh month, insiders have repeatedly claimed the president was warned against taking action by his own advisors.
#Iran #claimed #street
1 month ago
Watch Highlights From the 2025 Palm Beach CorpGov Forum:
CorpGov, IPO Edge and PE Edge will host the sixth annual Palm Beach CorpGov Forum on November 4-5, 2026, at the Palm Beach Lake Pavilion and The Cove Club, both located waterfront with sweeping views of Palm Beach Island, along with a reception at Cucina Palm Beach. The Forum will feature a VC-focused keynote panel on Wednesday evening and a full day of panels on Thursday, with networking events both nights.
Our audience will include approximately 300 attendees including institutional investors, board directors, family offices/HNWIs, attorneys, investment bankers and key advisors. For sponsorship, speaker or media enquiries, email EditorCorpGov.com
The event will be digitized into reports published on CorpGov and by its content partners (under relevant company stock tickers) Yahoo Finance, Bloomberg Terminals, Reuters via LSEG Workspace, and AlphaSense, and filmed with multiple 4K video cameras and professional editing.
Preliminary Agenda
#beach #corpgov #watch
CorpGov, IPO Edge and PE Edge will host the sixth annual Palm Beach CorpGov Forum on November 4-5, 2026, at the Palm Beach Lake Pavilion and The Cove Club, both located waterfront with sweeping views of Palm Beach Island, along with a reception at Cucina Palm Beach. The Forum will feature a VC-focused keynote panel on Wednesday evening and a full day of panels on Thursday, with networking events both nights.
Our audience will include approximately 300 attendees including institutional investors, board directors, family offices/HNWIs, attorneys, investment bankers and key advisors. For sponsorship, speaker or media enquiries, email EditorCorpGov.com
The event will be digitized into reports published on CorpGov and by its content partners (under relevant company stock tickers) Yahoo Finance, Bloomberg Terminals, Reuters via LSEG Workspace, and AlphaSense, and filmed with multiple 4K video cameras and professional editing.
Preliminary Agenda
#beach #corpgov #watch
2 months ago
You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters.
Columbia Threadneedle Investments and alternative ******* et manager Hamilton Lane announced a strategic collaboration to deliver new investment products for the wealth channel. An interval fund combining public and private equity exposure, currently awaiting SEC approval, will likely be the first product launched through the two firms' partnership.
Columbia Threadneedle brings its public markets expertise, multi-asset investment capabilities and strategic distribution relationships to the collaboration. Hamilton Lane specializes in alternatives, with an established private markets platform, investment sourcing capabilities and data ******* ytics expertise.
Columbia Threadneedle filed a preliminary registration statement with the SEC for the Columbia Hamilton Lane Growth Innovation Fund, a public-private growth equity interval fund. If the fund is approved by the SEC, it will be offered to the wealth channel through financial advisors.
According to the filing, the fund will focus on capital appreciation, allocating at least 80% of its net ******* ets to investments in growth innovation companies. The fund will be roughly evenly split in exposure to publicly traded securities and private ******* ets. At least 40% of the fund's ******* ets will be invested in underlying funds managed by Hamilton Lane.
#lane
Columbia Threadneedle Investments and alternative ******* et manager Hamilton Lane announced a strategic collaboration to deliver new investment products for the wealth channel. An interval fund combining public and private equity exposure, currently awaiting SEC approval, will likely be the first product launched through the two firms' partnership.
Columbia Threadneedle brings its public markets expertise, multi-asset investment capabilities and strategic distribution relationships to the collaboration. Hamilton Lane specializes in alternatives, with an established private markets platform, investment sourcing capabilities and data ******* ytics expertise.
Columbia Threadneedle filed a preliminary registration statement with the SEC for the Columbia Hamilton Lane Growth Innovation Fund, a public-private growth equity interval fund. If the fund is approved by the SEC, it will be offered to the wealth channel through financial advisors.
According to the filing, the fund will focus on capital appreciation, allocating at least 80% of its net ******* ets to investments in growth innovation companies. The fund will be roughly evenly split in exposure to publicly traded securities and private ******* ets. At least 40% of the fund's ******* ets will be invested in underlying funds managed by Hamilton Lane.
#lane
2 months ago
Sept 15, 2026, 2:25 pm EDT
Creative Planning is already one of the nation’s largest registered investment advisors serving individual investors. Now, it has ambitions to serve more institutional clients too.
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.
If you're not a wealth management professional, you can find other great financial content at barrons.com. If you have any questions, please contact us at advisor.editorsbarrons.com.
#management #please
Creative Planning is already one of the nation’s largest registered investment advisors serving individual investors. Now, it has ambitions to serve more institutional clients too.
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.
If you're not a wealth management professional, you can find other great financial content at barrons.com. If you have any questions, please contact us at advisor.editorsbarrons.com.
#management #please
2 months ago
You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters.
The news that the giant AI technology provider Anthropic launched Claude for Financial Advisors was received with some skepticism by industry **** ysts, but overall, many wealth management technology providers and consultants shared their excitement and enthusiasm, noting that the company had presented them with something that could, if implemented well, solve many issues with current advisor tech stacks.
"I find it positive that Anthropic has sent these signals to the market and it is good for the industry overall," said longtime **** yst Alois Pirker, who is now the CEO of his own consultancy, Pirker Partners.
"Nonetheless, my sense is that Claude will hit the same problem as Salesforce, getting to the level of specificity that financial advisors need," he said, referring to the behemoth CRM provider and its initial rollout of Salesforce for Financial Services, which reached general availability a decade ago (and later changed its name to Salesforce Financial Services Cloud).
One way in which the technology industry responded to advisors' desire for such specificity was the development of the specialized and popular advisor CRM product Practifi, he said, which is built on top of Salesforce and caters to certain types of firms in need of more customization.
#financial #advisors #wealthmanagement
The news that the giant AI technology provider Anthropic launched Claude for Financial Advisors was received with some skepticism by industry **** ysts, but overall, many wealth management technology providers and consultants shared their excitement and enthusiasm, noting that the company had presented them with something that could, if implemented well, solve many issues with current advisor tech stacks.
"I find it positive that Anthropic has sent these signals to the market and it is good for the industry overall," said longtime **** yst Alois Pirker, who is now the CEO of his own consultancy, Pirker Partners.
"Nonetheless, my sense is that Claude will hit the same problem as Salesforce, getting to the level of specificity that financial advisors need," he said, referring to the behemoth CRM provider and its initial rollout of Salesforce for Financial Services, which reached general availability a decade ago (and later changed its name to Salesforce Financial Services Cloud).
One way in which the technology industry responded to advisors' desire for such specificity was the development of the specialized and popular advisor CRM product Practifi, he said, which is built on top of Salesforce and caters to certain types of firms in need of more customization.
#financial #advisors #wealthmanagement
2 months ago
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He doesn't get as much media attention as Larry Fink or Bill Ackman, but David Booth, chairman of Dimensional Fund Advisors, has played a foundational role in the creation of the modern ***** et management industry. Working alongside Rex Sinquefield since the early 1980s, Booth has championed the idea that academic research is superior to Wall Street intuition.
During that time, Dimensional has grown from a fledgling business operating out of a spare room of Booth's Brooklyn brownstone to a global investment manager with $1.1 trillion in ***** ets under management. He's no longer running the company, having passed the reins to current co-CEOs Dave Butler and Gerard O'Reilly, but Booth is still intimately involved in setting Dimensional's direction at a time when innovation in the exchange-traded fund market and related trends are driving another sea change in how professional portfolios are built.
Sign up for The Daily Upside at no cost for premium ***** ysis on all your favorite stocks.
READ ALSO: Your Client's Big Tech Company Just IPO'd. Now What? and Investors Need Real Talk About Interval Funds
#company
He doesn't get as much media attention as Larry Fink or Bill Ackman, but David Booth, chairman of Dimensional Fund Advisors, has played a foundational role in the creation of the modern ***** et management industry. Working alongside Rex Sinquefield since the early 1980s, Booth has championed the idea that academic research is superior to Wall Street intuition.
During that time, Dimensional has grown from a fledgling business operating out of a spare room of Booth's Brooklyn brownstone to a global investment manager with $1.1 trillion in ***** ets under management. He's no longer running the company, having passed the reins to current co-CEOs Dave Butler and Gerard O'Reilly, but Booth is still intimately involved in setting Dimensional's direction at a time when innovation in the exchange-traded fund market and related trends are driving another sea change in how professional portfolios are built.
Sign up for The Daily Upside at no cost for premium ***** ysis on all your favorite stocks.
READ ALSO: Your Client's Big Tech Company Just IPO'd. Now What? and Investors Need Real Talk About Interval Funds
#company
2 months 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 months 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
2 months 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
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#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.
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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
2 months 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
2 months 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
2 months 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
2 months 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
2 months 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
2 months 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
2 months 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
2 months 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
2 months 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
2 months 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
2 months 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
2 months 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
2 months 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
