Collective Of Five Olympic Sport Governing Bodies Strikes Its First Sponsor DealLess than a year after the nonprofit organizations overseeing cycling, fencing, rowing, sailing and squash in the U.S. joined forces to attract new partners, they have a proof of concept with wealth management platform Range. https://t.co/sd9XCjV8OS ...

Core Insights - Bailard, a wealth management firm, emphasizes a philosophy centered on independence, accountability, and excellence, which informs its policies and employee benefits [2][5] Employee Benefits - The firm offers a unique six-week paid sabbatical every seven years, a benefit that only seven out of sixty firms on the Best RIAs to Work For list provide [2][3] - Additional benefits include generous paid time off, flexible remote work options, and fully employee-paid medical, dental, vision, long-term care, and life insurance [3][4] Company Philosophy - The philosophy of compassion drives the firm to alleviate stress related to rising costs of living, particularly in health coverage [4] - This approach is seen as a meaningful way to support employees, acknowledging the unpredictability of health [4] Employee Ownership - Approximately 80% of Bailard's employees hold equity in the company, reflecting a commitment to internal ownership and control [5] - This structure fosters a long-term focus on decision-making rather than short-term earnings [6]

Core Insights - Noah Holdings Limited hosted the Black Diamond Summit in Macau, focusing on the theme "AI Together, Co-Generating the Future," which attracted over 3,000 clients and partners [1] - The company introduced its AI Relationship Manager "Noya," enhancing client experience through a combination of human expertise and AI algorithms [2] - Norah Wang, Co-Founder and Chairwoman, highlighted the complexities faced by Chinese families in wealth management and identified transformative events reshaping wealth creation [3][4] AI Transformation - Noya, the AI Relationship Manager, is designed to create synergies between human expertise and AI, enhancing client experience across five core pillars [2][6] - The AI-driven global wealth infrastructure aims to simplify global complexities and protect family legacies [4] Wealth Management Infrastructure - Norah Wang emphasized the need for a global operating system for wealth management, addressing the pain points of Chinese families navigating a complex global lifestyle [3] - Five structural forces shaping contemporary wealth strategies were identified, including geopolitical shifts and the normalization of AI [7] Private Wealth Management Redefined - A discussion between Zander Yin and Tony Shale explored how AI is transforming private wealth management in Asia, shifting from product-centric to insight-driven engagement [8] - The concept of wealth in the AI era extends beyond financial assets, emphasizing a continuous journey towards true prosperity [9] Company Overview - Noah Holdings, founded in 2005, is the first Chinese wealth management institution dual-listed in Hong Kong and New York, managing over RMB 1 trillion in allocated assets [10][12] - The company operates a comprehensive ecosystem encompassing Wealth Management, Asset Management, and Family Services through core brands like ARK Wealth, Olive Asset, and Glory Family Heritage [11]

Core Insights - TIAA Wealth Management plans to enhance its financial advisor workforce with a focus on planning expertise by 2026, aiming to connect more savers with advice and guaranteed income products [1][3] - The wealth division manages approximately $208 billion in client assets and is launching a marketing campaign titled "Invest In Your Worth" targeting retirement savers in key markets [2][5] - The firm has increased its workforce by 20% over the past few years, with 60% of new hires being client-facing advisors, indicating a strong emphasis on advisor recruitment [3][4] Recruitment and Strategy - TIAA is actively recruiting financial advisors from various sectors, including RIAs, record keepers, and major banks, as part of its strategy to balance advisor hiring with technology and productivity investments [3][4] - The rebranding effort is aimed at savers who have accumulated wealth but may lack effective management strategies for retirement and generational wealth transfer [4] Market Position - TIAA has established itself as a primary retirement plan provider in the U.S. for universities, hospitals, and nonprofit institutions, contributing to the broader ecosystem of retirement plan providers [5] - The wealth division is part of TIAA's overall $1.5 trillion in total client assets, highlighting its significance in connecting savers with dedicated financial advisors [6]

Core Insights - Advisors are increasingly turning to private market assets for risk diversification in client portfolios, indicating a structural shift rather than a temporary trend [1][3] Allocation Trends - 90% of advisors currently allocate to alternative investments, with 88% planning to increase these allocations over the next two years [2] - Nearly half of the surveyed advisors (49%) allocate more than 10% of client portfolios to private market assets [2] - Significant allocations reported include private equity (89%), private credit (88%), and real estate (86%) [3] Investment Preferences - Advisors primarily cite risk diversification as the reason for allocating to various private market asset classes, with private equity and digital assets viewed as return enhancers [3] - Interest in thematic investment areas is growing, including artificial intelligence (70%), tax-advantaged strategies (58%), and energy transition-related investments (36%) [3] Challenges Faced - The top barrier for advisors remains "high levels of administration and paperwork," though this concern has decreased from 48% to 40% year-over-year [4] - Lack of liquidity is the second largest obstacle, cited by 38% of respondents [4] - Advisors prefer managing public and private investments on a single platform, a functionality that TAMPs are working to develop [4]

Core Insights - Andres Rodriguez has joined Fiduciary Trust International as Wealth Director in the Coral Gables office [1] Company Overview - Fiduciary Trust International is expanding its leadership team by appointing Andres Rodriguez, indicating a strategic move to enhance its wealth management services [1]

Core Insights - The article discusses the transformation of the high-net-worth Chinese community in the context of globalization and technological advancements, particularly AI, reshaping their wealth management practices [1][2][3]. Group 1: Wealth Management Evolution - The establishment and growth of Noah Holdings reflect the profound changes in the Chinese financial market, transitioning from scarcity to globalization and diversification [1]. - Noah's AI-driven "carbon-based + silicon-based collaborative" advisory system represents a significant upgrade in wealth management services, enhancing personalized client service [2]. - The past four years have seen Noah's CIO office publish ten research reports, forming a long-term allocation framework for high-net-worth families, emphasizing that "cognition determines allocation, and judgment is wealth protection" [3]. Group 2: Family Wealth Transfer - Observations indicate that the second generation of Chinese families often has strong educational backgrounds in finance and management, reflecting parental aspirations for wealth management capabilities [4]. - The third generation shows a shift towards diverse interests and self-actualization, highlighting a generational change in attitudes towards wealth [4]. - Despite these changes, the article emphasizes that the spiritual and value transmission within families remains a crucial aspect of wealth transfer [4]. Group 3: Challenges in Wealth Management - The integration of technology and professional judgment is seen as a response to the challenges faced by the wealth management industry, balancing AI capabilities with human insight [5].

Core Viewpoint - AlTi Global, Inc. has received multiple preliminary indications of interest for a potential transaction, prompting the formation of a Special Committee to explore strategic options [1] Group 1: Company Overview - AlTi Global, Inc. is a leading independent global wealth manager with $89 billion in assets under management [1] Group 2: Strategic Actions - The Board of Directors has established a Special Committee of independent directors to evaluate the preliminary indications of interest and assess potential strategic options [1]

Group 1 - Bitcoin prices tend to perform better when traditional U.S. markets are closed and worse when they are open, according to data from Velo.xyz [1] - The trend of better performance after U.S. trading hours is expected to continue into 2024, indicating potential impacts from spot ETFs or derivatives positioning [2] - Nicholas Financial Corporation has filed with the SEC to launch a bitcoin ETF that operates exclusively during overnight hours, avoiding the U.S. trading day [2][3] Group 2 - The proposed fund, named Nicholas Bitcoin and Treasuries AfterDark ETF (NGTH), plans to buy bitcoin at 4 p.m. ET and sell it by 9:30 a.m. ET the next day, rotating into short-term U.S. Treasuries during the day [3] - If approved, this ETF would introduce a unique strategy by considering the time of day as a critical factor in its investment approach [4]

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Creative Planning’s latest acquisition is a Pennsylvania-based RIA that will boost the company’s headcount by 19 employees and more than $900 million in assets under management. Marshall Financial Group is based in Doylestown, Penn., with a history spanning five decades in wealth management and financial planning. The firm offers integrated financial planning, focusing on investments, cash flow, r ...