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The AI firm Jump used notetaker data to analyze thousands of discussions between advisors and clients. The results show advisors aren't as good at keeping their mouths shut as many think.
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After his firm agreed to one of the most impactful deals in wealth management of 2026, Altruist CEO Jason Wenk sat down with FP to discuss the negotiations, his firm's strategy and the new tool he says can build higher-quality plans in much less time.
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The late singer and business mogul gave prodigiously throughout her life. Parton's example can tell advisors a lot about how to plan estates, especially for child-free clients.
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The proposed investment rules for Section 530A accounts, also known as Trump accounts, limit choices, and advisors say that could make decisions easier.
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Many advisors want asset managers to do more than provide access to investments. A new Cerulli report suggests they should emphasize practice management strategies rather than business growth.
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Borrowing against art can offer liquidity without triggering capital gains, but high costs keep it from becoming a first-choice strategy.
August 31
Published March 20, 2008, 9:08 a.m. EDT
1 Min Read
While the Securities and Exchange Commission looks into unusually high put activity at Bear Stearns beginning on March 7, a handful of hedge fund managers used their magical touch as far back as the summer to foresee what was going down with regards to the subprime exposure at the investment firm.
Thus, the hedge fund managers handily earned themselves millions. As The Journal puts it, the asset managers are undoubtedly trying to contain their joy among all the gloom on Wall Street.
Also this morning, the Associated Press cites a regulatory filing indicating that U.K. billionaire Joseph Lewis is valiently attempting to hold onto his 8.4% stake in Bear Stearns.
And further across the pond, the Russian police have raided the Moskow offices of energy joint venture TNK-BP. So while the market gyrates with bad news from Bear Stearns, there is, of course, always the counterplayas evidenced by JPMorgan Chase, Mr. Lewis, Greenlight Capital and other savvy hedge fund managers.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.
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