“We are constantly looking at new and innovative advisor solutions that will become the future of advice,” said Bicknell, who is staking $1.8 million.
Thanks to Tesla’s roaring stock, Elon Musk’s net worth has nearly quadrupled during the Covid-19 pandemic.
Leaving 500 advisor affiliates in the lurch ahead of the holidays is far from ideal but industry observers predict more platform consolidation ahead.
The 60-40 portfolio locks in a lot of dead money while remaining wide open to inflation. Time to reevaluate outdated assumptions and pivot portfolios.