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.
Joshua de Vos, Research Lead, CoinDesk, writes that May marked a continuation of strong inflows into digital asset investment products, with USD7.33 billion entering the market, according to TrackInsight data.
This figure more than doubled April’s USD3.45 billion, reflecting rising institutional interest amid easing macro conditions and improving liquidity across the digital asset landscape.
The goal of tax optimization isn’t to avoid paying taxes, but to maximize your wealth on an after-tax basis. One key strategy to achieve this goal is tax deferral.
Unlike mutual funds and exchange-traded funds, which may pass along capital gains to investors annually due to portfolio manager decisions or the trades of other investors, Separately Managed Accounts (SMAs) give investors control over when to realize gains. This flexibility is a key benefit of tax management.
Nuveen, a global asset manager with $1.3 trillion in AUM, is acquiring Brooklyn Investment Group (Brooklyn), a leading multi-asset custom direct indexing provider and its parent technology company, Brooklyn Artificial Intelligence, Inc.
The move underscores Nuveen's conviction in the continued growth of direct indexing and multi-asset tax-managed solutions, which have been one of the fastest growing areas of the asset management industry, having risen to $864 billion in assets at the end of 2024, representing a 43% compound annual growth rate since the start of this decade.