The Wealth Advisor

By Steve Kulesza, CFP®, Dynamic Chief Business Development Officer

You’ve built a thriving financial advisory practice within a Wirehouse or Independent Broker Dealer (IBD), but to take your business—and your personal life—to the next level, it’s time for a change. To gain the autonomy you need for both your clients and your family, you must break free from the constraints of your captive environment. Yet, severing ties is a daunting task, especially when it means leaving behind technology, back-office support, and compliance assistance.

(Jerry Wagner, Flexible Plan) The concept of relativity, where what one experiences depends on their frame of reference, can help investors understand what’s happening in the financial markets.

Einstein’s special theory of relativity posits that time slows down depending on your perspective, like time moving more slowly for someone on a moving train compared to a loved one waiting at the station. In investing, the answer to “How is the market doing?” often depends on the time period referenced.

A short-term view of the S&P 500 can look this bleak:

Citi Research on Monday raised its bull case scenario for oil prices for this quarter and the next one.

B. Riley Financial, the money-losing broker-dealer and investment firm looking to cut debt, agreed to sell a majority stake in Great American.

Fed Governor Christopher Waller said recent economic data signals policymakers can approach subsequent interest-rate reductions with less urgency.