TAMPs

More and more clients are looking for simplicity and advice. The result is a significant gap between the current services offered and what clients are seeking and advisors having to justify their fees to retain clients.

They realized an 18.7% annualized production lift from existing advisors for the third quarter, indicating that advisors continued to grow organically and increase wallet share on the platform.

Most of you probably remember the traditional method of managing separate accounts for the same household. Every investment strategy or model existed as a separate account, with its own set of securities. 

Expected to launch in the first quarter of 2024, the service will be packaged within an IRA serviced by IRALOGIX, which offers low-cost investments by leveraging institutional share classes rather than retail share classes.

This milestone not only signifies the maturity of Smartleaf's cutting-edge technology but also reflects the growing demand for its services, which streamline personalization and tax optimization for both advisors and investors.

With annual percentage yields around 5%, money markets look compelling not only relative to traditional savings accounts, where yields are paltry, but also relative to the broader stock and bond markets, where return potential could be higher than 5%, but the potential for loss is also generally greater.

It's been a scary season for fixed-income investors who hoped that locking in yields below inflation would provide at least a little comfort from the uncertainty of equities. There's good news for those who hold bonds to maturity, provided that the coupons are high enough.