Putting the Silicon Valley Bank collapse into perspective
CFRA analyst Alexander Yokum explains how the West Coast bank got into so much trouble and what that means for depositors nationwide.
Material Change builds new on-ramp for underrepresented investors
The nonprofit's program creates connections and community for aspiring investors, who might go on to become asset managers, be involved with funds or invest directly.
PIABA targets unpaid arbitration awards, ‘punitive’ RIA arb clauses
Hugh Berkson, president of the Public Investors Advocate Bar Association, talks about PIABA's focus on reducing the number of Finra arbitration awards that aren't paid to claimants, as well as on RIAs' use of ‘punitive arbitration clauses.'
Blackstone’s investor redemption limits on REIT explained
Adviser John Bovard of Incline Wealth Advisors, who invests alongside his clients in the $69 billion nontraded Blackstone REIT, says limiting redemptions is a red flag, but he’s still a fan of the illiquid real estate strategy.
Ric Edelman explains the collapse of FTX, world’s second-largest crypto platform
The immediate hits to blockchain and digital currencies are huge, but longer term, Edelman still believes crypto has a bright future.
NASAA leader puts nontraded REITs, adviser fees, Reg BI at top of agenda
Andrew Hartnett, president of the North American Securities Administrators Association, talks about NASAA's review of state policies on nontraded REITs, as well as other topics affecting financial advisers that regulators are focusing on.
Smaller advisory firms could benefit from ‘boutique custodians’
The consolidation that's occurred among custodians will give rise to a new crop of ‘boutique custodians’ that are better suited to working with smaller advisers, says Joe Gerdes of Equity Advisor Solutions.
Lower end of RIA M&A market still offers ‘good value’
Wealthcare Capital Management is starting to acquire some RIAs, but president Matt Regan says it will stick to buying smaller firms.
Attracting potential clients with cigars and whiskey
Eric Reinhold of Ameriprise Financial, who holds events for clients and potential clients featuring cigars and whiskey, says the gatherings are better than other types of events, like golf outings, because smoking cigars encourages conversation.
Speaking out on the proposed Kansas abortion amendment
Going public this summer on her opposition to a proposed constitutional amendment in Kansas that would have banned abortions cost adviser Kaylin Dillon some followers on social media, but she plans to remain active on the issue.
