Advisors can cut across generations by helping every member of the family to develop healthy relationships with money from a young age and better understand the key tenets of saving, investing, managing credit and managing risk.
Heading into the mid-point of 2023, bearish sentiment among investors is coming off a very low base. The overall valuation landscape still looks reasonable, but there are many assets that remain around fair value and risks remain elevated.
There's always more work to do, and it's hard to keep track of everything. You're constantly putting out fires, and you never seem to have enough time to focus on the things that really matter.
Anyone executing a trade on behalf of a client has a duty and care to seek best execution on every transaction placed. This is achievable if you can provide the right disclosures and get your custodian to play ball.
There's a lot of buzz around "direct indexing" as the next logical evolutionary stage beyond portfolios built out of off-the-shelf SMAs and passive products. Many of the big players, including Morningstar, Franklin and BNY Mellon Pershing itself, will be demonstrating their solutions at INSITE in the coming week.
SMArtX Advisory Solutions will be at INSITE. See if they'll tell you about their deal with TradePMR and then extrapolate it to what they can do for people on the Pershing platform.
