Private Wealth Daily @PrivWealthDaily

Another smart move here by @CharlesSchwab. Have to respect it… privatewealthdaily.com/story/schwab-c…

Private Wealth Daily analyzed 213 wealth management transactions over the past six months, uncovering some interesting trends in how buyers value RIA firms and structure their acquisitions... The findings highlight an important reality: Buyers aren't simply paying for AUM. They're paying for the durability of client relationships, advisor retention, and the structure of the deal itself. For RIA owners considering a sale, the takeaway is significant: The highest headline multiple doesn't always translate into the best deal. Earnouts, retained equity, retention requirements, and post-acquisition control can dramatically change the economics. Private Wealth Daily breaks down the transactions, active buyers, and factors shaping RIA valuations. privatewealthdaily.com/story/ria-sale… #RIA #WealthManagement #MergersAndAcquisitions @NuveenInv DeVoe & Company Concurrent Elevation Point Truing Capital Advisors The Vistria Group Curi Capital Wealth Partners Capital Group, LLC Cerity Partners Echo Wealth Management, LLC Beacon Pointe CAPTRUST

Advisor recruiting is getting gnarly out there... 👀 Buckle up. privatewealthdaily.com/story/osaic-pr…

Semiconductor ETFs are seeing significant investor demand, and the latest fund flows tell an interesting story... BlackRock iShares #ETFs attracted $9.8 billion in net inflows last week, with the iShares Semiconductor ETF (SOXX) alone accounting for $5.3 billion. Meanwhile, three major funds, $IWM, $IVV, and $IGV, collectively saw $5.5 billion in outflows. For financial advisors, the takeaway: Investors are becoming more selective about where they're allocating capital. The divergence between semiconductor inflows and broader equity fund outflows offers a useful perspective on shifting investor sentiment and portfolio positioning. Private Wealth Daily breaks down the flows across 433 iShares funds. privatewealthdaily.com/story/ishares-… #ETFs #WealthManagement #AssetManagement

What if hedge funds aren't actually "alternative" investments anymore?... BlackRock is challenging conventional portfolio construction, arguing that hedge funds deserve a permanent seat at the #privatewealth table, not just a small allocation on the sidelines. With the traditional 60/40 portfolio facing new challenges, this could represent a significant shift in how wealth managers think about diversification and risk. Is this the beginning of a new era in portfolio construction? Private Wealth Daily breaks down BlackRock's latest thinking and what it means for the industry. privatewealthdaily.com/story/blackroc… #WealthManagement #HedgeFunds #AlternativeInvestments #privatewealth #UHNW

The Direct Investments challenges facing family offices:

I’m only going to say this ONCE. Bill Ackman has concentrated 77% of his portfolio into just seven stocks. His current investment allocation is as follows: 1) $UBER - 12.72% of the portfolio

The battle for assets and advisor talent continues to heat up across wealth management. In August, Charles Schwab reported $64.7 billion in net new assets, bringing total client assets to $13.41 trillion. Meanwhile, Raymond James and Stifel continue to post impressive year-over-year asset growth, as competition for advisors and client relationships intensifies. Who's gaining ground, and what do the numbers tell us about the evolving wealth management landscape? Private Wealth Daily breaks down the latest recruiting and asset growth scoreboard. privatewealthdaily.com/story/recruiti… #WealthManagement #FinancialAdvisors #AdvisorRecruiting #PrivateWealth

An interesting shift is taking place in alternative investments... In Q3, hard assets out-raised private credit by $5.3 billion. Through September, hard-asset fundraising jumped 39%, while private credit fundraising fell 48%. Is this the beginning of a broader shift in where institutional and private wealth capital is flowing? Private Wealth Daily breaks down the numbers and what's driving the trend. privatewealthdaily.com/story/hard-ass… #PrivateWealth #AlternativeInvestments #PrivateCredit