The Thornburg Value Fund, managed by the Thornburg Management Company of Santa Fe, is now offering Institutional Class shares to qualified institutions and their clients. The minimum investment is $2.5 million; subsequent investments are $5,000. Fee-based financial advisors may invest in the new shares for clients with lower individual account minimums.
Much like deciding the right client headcount, choosing whether to fire a customer or turn away new business represents an important step in a firm's development.
Despite a slowdown in advisor recruitment from the first half of the year, Stifel managed to achieve record revenue for the third quarter.
Dynasty Financial Partners' investment bank joins Diamond Consultants to help departing teams vet transition options, whether that's joining another wirehouse, selling to an RIA aggregator or starting their own business.
As Financial Planning's AI Readiness Survey showed, most advisors aren't concerned about their own jobs. But others aren't so sure.
Drew Lunt, founder of Scratch Capital in Boise, Idaho, still uses Black Diamond for his portfolio accounting needs, but as his client base expands to more affluent, complicated clients, he has looked outside the industry for solutions.
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