Second Quarter 2023

NEWS / INVESTMENTS / PLANNING / PRACTICE MANAGEMENT/ TECHNOLOGY

David Armstrong
Director of Editorial Strategy and Operations

Wealth Management Group

IN THIS ISSUE’S COVER STORY ON AI we let the machines do the work for us — by creating our cover illustration to see How Generative AI Imagines ‘Wealth Management’ and by generating a response to the question How Is AI Helping Financial Advisors Right Now? before we brought the humans back in to look at The Men (and Women) Behind the Machines... we also examine Why Cresset Brought Real Estate Investment Under Its Banner... how a quartet of young owners at Ensemble Capital Management grew the firm’s assets by more than 325% in seven years... why F.L. Putnam Investment Management CEO Tom Manning insisted on equity for employees before accepting the job... and finally, we take ‘Cultural Cues’ From Schwab’s Spring 2023 Independent Advisor Outlook Study.

CHECK THIS OUT AS WELL...

What the Bank Crisis Is Teaching Us About the Industry Landscape
The natural order is being tested in the wealth management industry. Read

My Life as a Client

My Advisor Takes Care of Me
A lot can be learned listening to clients’ experiences with financial advisors—good and bad. We talked to Mahesh Eswar of Princeton, N.J., an executive at a tech consulting company. Read

ESG Factors Enhance Credit Ratings in Predicting Default Risk
Companies are likely to pay increasing attention to their behaviors related to ESG factors because the cost of capital impacts competitiveness. Read

Morningstar Panel: 60/40 Is ‘Bloodied,’ Dead
Portfolio construction in uncertain markets needs to include non-U.S. stocks and securitized debt, as well as liquid and illiquid alternatives. Read

The FAFSA Gets an Overhaul
The department of education is calling it the “most ambitious and significant redesign of the federal student aid application in decades.” Read

Why Annuity Sales Are Surging
And how these products measure up against Social Security optimization. Read

30 Years Of Asset Class Returns
John Kador’s latest infographic illustrates returns by asset class, 1992-2022. Read

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2023 issue

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