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Spotlight News



LIMITATIONS OF MONTE CARLO ANALYSIS

From the Investments & Wealth Monitor

Three industry leaders discuss the limitations of Monte Carlo analysis.

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CONSIDERING ALL OPTIONS FOR BONDS: CHALLENGES TO THE 40 PERCENT OF THE 60/40   

From the Investments & Wealth Monitor

Bonds are meant to provide income and capital preservation in a 60/40 portfolio—but are there other better options?

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Articles and White Papers

WHEN DIVERSIFICATION FAILS  

From the Investments & Wealth Monitor

When we invest, we forecast the future. Indeed, returns and risks are forecastable enough that quantitative models, combined with judgment, can add significant value.

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ARTIFICIAL INTELLIGENCE: RAGE AGAINST THE MACHINEWASHING  

From the Investments & Wealth Monitor

Performing due diligence on an investment that claims to use artificial intelligence requires some extra considerations.

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THE FUTURE OF WEALTH MANAGEMENT

From the Investments & Wealth Monitor

Wealth advisors will need to anticipate changes and adapt their practices to respond to the every-changing wealth management landscape and meet clients’ goals.

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ART IN TIMES OF CRISIS      

Research of Interest

Art is often presented as an investment of last resort or a potential safe haven in times of political or financial distress. Yet, as no study has focused on the performance of art markets in times of crisis, this paper fills this gap by means of unclosing historical auction archives.

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WEALTH MANAGERS' HIDDEN LEAD OVER ROBINHOOD    

From the Investments & Wealth Monitor

Evidence suggests that wealth managers needn’t be worried about their target audience shifting to Robinhood, but they should focus on behavior, life-stage, and securing clients’ financial futures.

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THE EVOLVING NEEDS OF AFFLUENT AND AGING CLIENT SETS

From Investments & Wealth Research

Affluent investors, high-net-worth (HNW) investors, and ultra high-net-worth (UHNW) households have grown their share of investor assets steadily over the past decade. Simultaneously, the industry is being forced to evolve as large shares of both its client base and advisors are aging. Advisors seeking to address the challenges and opportunities that come with these developments must exercise self-awareness and thoughtful long-term planning.

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CRYPTOCURRENCIES AND DIGITAL ASSETS: MARKET STRUCTURE, RISKS, AND OPPORTUNITIES     

From the Investments & Wealth Monitor

Digital assets can add return to a diversified portfolio and extreme volatility can work to investors’ favor; however, investors need to understand both the risks and the opportunities.

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Latest Discussions

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EVERYTHING YOU NEED TO KNOW ABOUT X 

From the Investments & Wealth Monitor

Risk-tolerance assessments are not effective at doing what they are supposed to do: align the lowest variability portfolio with the pursuit of funding the goal.

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FOUR STEPS FOR HAVING DIFFICULT CONVERSATIONS WITH CLIENTS 

Sponsored by Orion Advisor Solutions

During times of uncertainty or conflict it can be challenging to have difficult conversation with clients while also strengthening the relationship. This four-step guide, developed to help give clients advice in a way that influences behavior change, will prepare you to navigate those difficult conversations.

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FINANCIAL ADVISOR FEE TRENDS AND THE FEE COMPRESSION MIRAGE   

From the Investments & Wealth Monitor

Research on financial advisor pricing models has provided insights into how much advisors are charging and the types of  pricing options offered.

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WEALTH AND INSURANCE CHOICES: EVIDENCE FROM U.S. HOUSEHOLDS      

Research of Interest

Theoretically, wealthier people should buy less insurance, and should self-insure through saving instead, as insurance entails monitoring costs. Here, we use administrative data for 63,000 individuals and, contrary to theory, find that the wealthier have better life and property insurance coverage.

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HOW SPACs DESTROY INVESTOR WEALTH   

From the Investments & Wealth Monitor

Special-purpose acquisition companies (SPACs) have become popular with investors, but advisors should understand they are risky, difficult-to-analyze, and have high embedded fees and a lack of transparency; they also have come under regulatory scrutiny.

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CUSTOM INDEXING: THE NEXT EVOLUTION OF INDEX INVESTING 

From the Investments & Wealth Monitor

Custom indexing is a technology, and technology often removes barriers. Custom indexing offers the benefits of its predecessors—low cost and tax friendliness—and layers in significant new benefits.

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Institute Blog: Investment Sense

  • In retirement, there are at least nine risks that households will face. Those include systematic risks: including political (public policy and inflation) and business (market, issuer, income) and unsystematic risks: including behavioral (spending) and chance (household shocks, heath care and...
  • The past 18 months will be written about in the history books and taught in schools; movies will be made, and books written. In addition to our...
  • Protect, Live, Dream Odysseus, the Greek king of Ithaca, is best remembered for his arduous 10-year journey home after the Trojan War, as well as the Trojan Horse he used to gain surreptitious access to enemy...


Professional Development




Institute Announcements

  • Investments & Wealth Institute Announces 2021 Investment Advisor Forum and Women in Wealth Event

    The Investments & Wealth Institute (IWI), the premier professional association, education provider, and standards body for financial advisors, today announced details for their December 7 and 8, 2021 virtual conference, the Investment Advisors Forum (IAF), as well as information related to a special ...
  • Investments & Wealth Institute's New Alliance Expands Member Benefits to Include Fiduciary Expertise

    Investments & Wealth Institute, the leading financial organization individuals and firms turn to for advanced professional development, today announced an alliance with Broadridge Financial Solutions to broaden its membership offering with premier fiduciary education and technology tools.  Institute ...
  • The Institute and Association of Professional Fund Investors Form Strategic Alliance

    CIMA® Certification recognized as global standard for fund allocators. Two associations for investment practitioners who are committed to competent and ethical practice of investment management analysis and fund allocation have formed a multi-year strategic alliance to raise the bar of professionalism ...


Online Education and Podcasts

ADVANCED TAX RELATED VALUATION ISSUES FOR PRIVATELY HELD BUSINESSES   

On-Demand Recording

Hear the scoop from Professor Merle Erickson as he explains how these tax related valuation issues should be factored into the valuation of a privately held business. The session will conclude with a discussion of some possible straight forward tax related exit planning strategies that arise from the material covered earlier in the session.

1 Hour of CE Credit.

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WE NEED TO TALK: A MEMOIR ABOUT WEALTH W/ JENNIFER RISHER  

Exceptional Advisor Podcast

Robert Powell, the editor of the Retirement Daily at TheStreet interviews Jennifer Risher, author of We Need to Talk, on an experience that millions share but no one discusses: what it's like to be rich. Risher, who joined Microsoft in 1991 and “got lucky”, talks about the hidden impact of wealth on identity, relationships, and sense of place in the world and what advisors need to know when dealing with wealthy clients. 

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2021 TAX MANAGEMENT FOR HNW CLIENTS  

On-Demand Recording

With plenty of political uncertainty around the presidential administration, advisors can provide significant value by educating clients and providing clear strategic guidance. Hear the scoop on the latest tax legislation and proposals that will impact wealthy clients.

1.5 Tax & Regulation Hours.

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2021 ESTATE PLANNING STRATEGIES 

On-Demand Recording

Current estate tax exemption limits are scheduled to sunset in 2025, but there is support for a repeal of the Tax Cuts and Jobs Act of 2017, potentially reducing those exemption limits sooner. In this session, Steve Siegel discusses strategies to potentially “lock-in” the attractive exemption limits for wealthy clients. Learn about the current state of estate tax law and Biden Administration proposals as Siegel explains the potential impact on clients’ estate plans in 2021 and beyond. Siegel will then identify the areas of estate planning to proactively discuss and identify ways to work with estate attorneys effectively for the benefit of your client.

1.5 Tax & Regulation Hours.

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BECOMING GUIDES FOR CHANGING LANDSCAPES, NOT DEFENDERS OF OUTDATED MAPS W/CARL RICHARDS 

Exceptional Advisor Podcast

Certainty is easy to sell, but impossible to deliver. Robert Powell, the editor of Retirement Daily at TheStreet, interviews Carl Richards, CFP®, creator of the New York Times Sketch Guy column, on the importance of acknowledging uncertainty and demonstrating empathy with clients—especially during turbulent, uncertain times. This episode offers candid perspectives on how advisors are getting it right and what work might still need to be done to continue to humanize the financial planning process.

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BAKING BEHAVIORAL FINANCE INTO THE ADVISORY PRACTICE W/ DANIEL CROSBY, PH.D. 

Exceptional Advisor Podcast

Robert Powell, the editor of Retirement Daily at The Street, interviews Daniel Crosby, Ph.D., Chief Behavioral Officer, Orion Advisor Solutions, on his vision for the future of behavioral finance and why it should be "baked into" the advisory practice. This episode also explores "why you're not that great," the biggest impediments to sound investment-decision making, and the specific types of biases that impact decision-making.

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BEST OF ACE ACADEMY

On-Demand Recording

This year’s 2021 ACE Academy conference brought together Nobel prize winners, New York Times bestsellers, and academic all-stars from Harvard, Yale, Stanford, Wharton, MIT and Chicago Booth for an unforgettable 2-day event – but, you don’t have to miss out!

4.5 Hours of CE Credit.

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BEHAVIORAL FINANCE THROUGH A PANDEMIC LIFECYCLE W/ OMAR AGUILAR, PH.D.  

Exceptional Advisor Podcast

Robert Powell, the editor of Retirement Daily at The Street, interviews Omar Aguilar, Ph.D., Managing Director and Chief Investment Officer, Head of Investments at Schwab Asset Management, on the results from the 2021 BeFi Barometer. This episode offers best practices for applying behavioral finance as a means to potentially improve client financial outcomes.

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WHAT YOU NEED TO KNOW ABOUT COVID-19 & THE GLOBAL RECOVERY 

On-Demand Recording

What are the latest COVID-19 developments? How is it looking for the global economy? In this timely, informative talk, Dr. Ashish Jha, Dean of the Brown University School of Public Health, and Jared Franz, Capital Group economist, discuss COVID-19 and the recovery.

1 Hour of CE Credit.

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