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Spotlight News



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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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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Articles and White Papers

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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THE FED, INFLATION AND INTEREST RATES: WHAT’S AHEAD?      

From Knowledge@Wharton

IWI Executive Partner

Wharton’s Christina Skinner talks with Wharton Business Daily about the key takeaways from Federal Reserve Chairman Jerome Powell’s Jackson Hole address.

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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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NO PLACE TO HIDE: INVESTING IN A WORLD WITH NO RISK-FREE ASSET       

Research of Interest

Now, more than perhaps at any time in the past 70 years, investors are concerned that there's no asset they can invest in which is truly risk-free. Worries of unsustainable public policies leading to debasement or default – through inflation, taxation or repudiation – have sapped confidence in the traditional safe assets of bills and bonds issued by the United States and other rich countries.

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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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Latest Discussions

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CRYPTOASSETS: THE GUIDE TO BITCOIN, BLOCKCHAIN, AND CRYPTOCURRENCY FOR INVESTMENT PROFESSIONALS   

From the CFA Institute Research Foundation, Sponsored by Bitwise

This report provides the inquisitive investor with a clear-eyed guide to crypto and blockchain: what they are, what they are not, and where they might go from here.

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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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WHAT RISING INFLATION MEANS FOR STOCK INVESTORS 

From Knowledge@Wharton

IWI Executive Education Partner

Familiar hedging options like commodities are no longer safe havens against core inflation, according to new research co-authored by Wharton’s Nikolai Roussanov.

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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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A NEW DECADE FOR HEDGE FUNDS

From the Investments & Wealth Monitor

Hedge funds can play an important and diversifying role in investors’ portfolios. Carefully selected top-tier managers can generate strong returns and positive alpha for investors.

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Institute Blog: Investment Sense


Professional Development




Institute Announcements

  • 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 ...
  • BeFi Barometer 2021: Advisors Witness Increase in Behavioral Biases Among Clients Amidst Pandemic

    In a year characterized by ongoing uncertainty from the COVID-19 pandemic and heightened retail investor interest in the markets, financial advisors reported a surge in behavioral biases among clients, according to the BeFi Barometer 2021. This is the third year of the survey commissioned by Schwab Asset ...
  • Industry Leaders Assemble Together to Educate Advisors on the Benefits of Behavioral Finance

    For the third year in a row the Institute is proud to celebrate Behavioral Finance (BeFi) Week, October 4-10, 2021. In a time of unprecedented social and economic uncertainty, more financial advisors are using behavioral finance techniques to help clients stay focused on their long-term goals. The ...


Online Education and Podcasts

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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WHAT WE LEARN FROM LOSS W/ RABBI STEVE LEDER

Exceptional Advisor Podcast

Robert Powell, the editor of Retirement Daily at The Street, interviews Rabbi Steve Leder, senior rabbi of Wilshire Boulevard Temple in Los Angeles, on his new book, The Beauty of What Remains; How Our Greatest Fear Becomes Our Greatest Gift. This episode explores what can be learned from loss and some important questions around the tough topic of death—grief, legacy, and the beauty of what remains.

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THE FUTURE OF WEALTH MANAGEMENT

On-Demand Recording

Today’s society has experienced a rapid transformation over the last ten years, and likely will see even more changes over the next decade, fueled by the impact of a global pandemic, product evolution, and technological advancements. In this session, Tony Davidow will explore some of the key client facing trends that are shaping the wealth management industry.  Join this discussion and you’ll get an expert perspective on  the latest wealth topics. You’ll walk away with actionable ideas to help clients prepare for the recovering phase of COVID-19.

1 Hour of CE Credit.

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LIFE HAPPENS, PLANS CHANGE: THE IMPORTANCE OF TRANSITIONAL PLANNING W/ SUSAN BRADLEY, CFP® , CEFT®  AND ROSS MARINO, CFP® , CEFT®

Exceptional Advisor Podcast

Robert Powell, the editor of Retirement Daily at The Street, interviews Susan Bradley, CFP® , CeFT® , and Ross Marino, CFP® , CeFT® , on their new book Shaping Change: How To Respond When Life Disrupts Your Retirement Plan. This episode explores transition planning and how advisors can better serve clients when life takes unexpected turns.

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FAMILY LOVE LETTER: INTERGENERATIONAL WEALTH TRANSFER

On-Demand Recording

The Family Love Letter provides a convenient manner to communicate the important information needed in case of incapacitation or death to family members. It also allows individuals to memorialize clear instructions as to how assets, benefits, final wishes, and intents are to be carried out. The Family Love Letter is not a legal document or substitute for estate planning, but it can function as a supplement to any good planning and a source of great comfort to loved ones in a time of stress and confusion.

1 Hour of CE Credit.

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REIMAGINE: RESPONDING TO THREATS AND MINIMIZING DISRUPTION

On-Demand Recording

Before COVID, America was a deeply divided society. Today, COVID has deepened and accelerated many of those divides. More important than inequalities in income and wealth, which had not changed much between the Great Recession and the pandemic, are inequalities of respect, esteem, and political representation. There is a level of anger that is likely to spill over into demands for regulation of the industry, especially Big Tech, and perhaps of markets themselves.

1 Hour of CE Credit.

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