AssetMark: AI for Advisors
(AssetMark) Artificial intelligence (AI) is changing the way many professionals operate—including those in the financial services industry. Embracing the game-changing power of AI for financial advisors is not just a strategic move; it can be a transformative leap. Sure, it’s important to use caution when integrating new technology, but top advisors stay on the cutting edge when it comes to advancements that help drive the industry forward.
UX Wealth: How Top RIAs Are Increasing Control Over Investments
68% of Assets are Run by Advisors (Rep as Manager). Here’s How a Select Group of RIAs are Gathering More Assets into Their Own Investment Models.
(UX Wealth / Billy Kropp) In a recent webinar by Cerulli Associates, it was surprising to learn that nearly 70% of assets are managed under the Rep as Portfolio Manager structure, where advisors actively construct and make allocation decisions for client portfolios. Many of these advisors use ETFs as foundational components to create their internal models, which are then allocated to client accounts.
The Stock Market Has a 'Systemic Problem'
"Higher rates are now a systemic problem for equities," Piper Sandler chief investment strategist Michael Kantrowitz wrote in weekly note to clients.
US Supreme Court Won't Hear Elon Musk Dispute Over SEC Settlement
The U.S. Supreme Court declined to hear Elon Musk's bid to throw out part of a securities fraud settlement with the SEC.
Generative AI Has Captivated Wall Street Since Late 2022
Generative AI has captivated Wall Street since OpenAI's unveiling of ChatGPT in late 2022.