The Wealth Advisor

Contributor

The Wealth Advisor is today’s most relied-on source of news and education for planners and advisors. We scan the news so you don’t have to, sending you what you don’t want to miss…but don’t always have time to find yourself without poring through dozens of publications. The Wealth Advisor sends you a handy once-a-week list of the most important news, hand-picked by our staff for its importance to investment advisors and their practices.

Axxcess Called The Fed Pause A Month Ago

(Axxcess / Bryan Goligoski) To know me, is to love me. And to also know that I can get really excited about things. Full disclosure, I’m pretty excited right now. For a (recovering) market junkie like myself, these are incredible times. Like the best in a while. The Fed is getting off the throttle, layoffs are coming, Chuck Munger is telling it like it is, bank credit is tightening, and on top of it, the Surgeon General just told us that loneliness is like smoking half a pack a day. How about being happy and still getting to take down just a few Marlboro Reds? Next level, win, win.

Smartleaf Asset Management: We Estimate Direct Indexes Are 3 to 5 Times More Tax Efficient Than ETFs

(Smartleaf Asset Management) We ran a simulation to measure the loss harvesting tax efficiency of direct indexes compared to ETFs. The result: direct indexes were 3 to 5 times better (see appendix for details). Below, we explain why direct indexes are better at tax loss harvesting — and gains deferral, as well.

Loss harvesting

Orion: How Direct Indexing Is Changing The Game

(Orion) For years, direct indexing was thought of as a portfolio strategy reserved for the high net worth. That time is over.

Now, advisors of all sizes can serve clients of any wealth level with customized SMA strategies—and do it at scale.

Shirl Penney of Dynasty Financial Partners Wins Entrepreneur Of The Year® 2023 Florida Award

Shirl Penney, President and CEO of Dynasty Financial Partners was named an Entrepreneur Of The Year^® 2023 Florida Award winner. The Entrepreneur Of The Year Awards program is one of the preeminent competitive awards for entrepreneurs and leaders of high-growth companies. Shirl Penney was selected by an independent judging panel made up of previous award winners, leading CEOs, investors and other regional business leaders.

AssetMark: Why Clients Leave

(AssetMark) It’s a business fact of life that clients will come and go. However, natural turnover rates will increase or decrease due to your approach toward client satisfaction. If you aren’t actively working to keep clients happy and attract fitting prospects, you may find yourself struggling to make ends meet.