Millennials grew up in a different world than the Baby Boomer and Gen X generations. Their experiences are very tech based but not dependent. They want what everyone wants – great service at the right price. Information is not the holy grail but rather knowledge and wisdom scrapped from that information. All companies need to learn about the younger generations perceptions of their products and services. They will have real buying power shortly. Read more...
Morgan Stanley (MS) is laying off roughly 2,500 employees as job cuts continue this year in the financial sector.
Private markets investment demand is growing—but the operational complexity has kept many advisors on the sidelines. Envestnet’s Todd Rais, CAIA, Head of Research & CIO Support, explains how the platform is changing that: automated trade window management, built-in wash sale rule enforcement, compliance guardrails, and a near-term road map that eliminates the need to leave Envestnet when working with semiliquid vehicles. The investment case was never the problem. The infrastructure is catching up.