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.
This time of year, plenty of people pack up for a weekend escape and head “up north”—to a lake, a cottage, or just a change of scenery. It’s a familiar summer ritual, especially here in the Midwest. It’s also the time when many investors receive their quarterly performance reports. Naturally, the big question is: “How did I do?” But the answer depends on what you're comparing your results to.
Since most of the hard work that goes into managing our portfolios is not apparent to an outside observer, some prospective clients ask, “Why don’t I just manage my own portfolio?”
There's more to it than meets the eye.
These days anyone can buy mutual funds or ETFs and build their own portfolio. But here are some things to consider before going down that path.
Selecting building blocks for your portfolio takes skill and experience. Yes, anyone can buy funds, but choosing the right ones is not as easy as it looks.
Recognized for decades as the “go to” portfolio to reduce volatility, mitigate risk and generate higher returns in diverse market and economic conditions, the 60% stock/40% bond allocation’s reputation (and investors’ balances) took a hit in 2022 when both stocks and bonds posted double-digit losses1.
Since the campaign trail, Main Street and Wall Street alike had been prepping for President Trump’s unprecedented (in the modern era, at least) use of tariffs as a tool in US trade and foreign policy. Market participants expected a degree of uncertainty, but as we now know, consumers and investors alike were not prepared for the breadth of the initially proposed tariffs and the erratic nature of the announcements.
Envestnet, Inc. has entered into a definitive agreement to sell Yodlee, Inc., its open finance and data analytics subsidiary, to STG, a private equity firm focused on fueling innovative software, data, and analytics market leaders. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions.