Portfolio

Despite recent upheaval, some clients will still be shocked their portfolios have shown declines.

For better or worse, investors have mostly turned around the fortunes of risky assets entirely on their own.

Charles Schwab and other firms have swooped in to absorb the thematic investing company’s remains, even as the reasons for its demise are murky.

The firm has recruited at least 22 advisors this year who managed $3.3 billion in client assets.

Withdrawals this year have equaled almost half of last year’s inflows, leaving Pimco with net outflows of $46.8 billion in the first quarter.

“This is all about having the flexibility and having multiple options for our investors,” says GSAM’s head of ETF strategy.

Though IRA conversions during a market correction may enable some clients to save on their taxes, the strategy is not recommended for everyone.

With return targets growing ever more elusive, many investors are willing to take their chances with private debt and equity.

New chief product officer Michael Korcuska’s resume includes Weight Watchers and LinkedIn instead of finance or technology.

The pandemic has sealed the fate of small, niche offerings that have failed to gain traction.