(Natixis Investment Management) Q1 2024 represented a somewhat muted period from a tax loss harvesting perspective. Investors oftentimes have at least some exposure to underperforming names. This harvesting opportunity varies quite a bit based on client-specific events
Strip away market gains, and most advisory firms grow at just 0–3% annually. Jerry Michael, President of Smartleaf, argues the barrier to double-digit growth isn’t technical capability—it’s psychological. Firms that embrace deep operational change report dramatic results: doubled efficiency, quadrupled account sizes, and business doubling every two years. But transformation requires what one client calls “getting comfortable being uncomfortable.” The question: will firms step out of comfort zones before the next downturn exposes their weaknesses?
Two months into the year, the S&P 500 Index has gone nowhere.