Core Viewpoint - GAMCO Investors, Inc. ("Gabelli") is scheduled to present at the Sidoti Small-Cap Conference on September 17, 2025, highlighting its investment advisory services and diverse client solutions [1]. Company Overview - Gabelli was established in 1977 and is recognized for providing investment advisory services to 27 open-end funds, 13 closed-end funds in the U.S., one investment company in the U.K., and 5 actively managed exchange-traded funds [1]. - The company manages approximately 1,900 institutional and private wealth management investors primarily in the U.S., with revenues primarily based on assets under management and associated fees [1]. - Gabelli launched its All Cap Value equity strategy in 1977 and entered the mutual fund business in 1986, offering a diverse set of client solutions across various asset classes, regions, market capitalizations, sectors, and investment styles [2]. Client Base - Gabelli serves a broad client base that includes institutions, intermediaries, offshore investors, private wealth, and direct retail investors [2].

Group 1 - The article discusses the perspective of Mark Spitznagel, who argues that diversification is not the ultimate solution for investors and emphasizes the importance of building a portfolio that can withstand market crashes [2][3] - Spitznagel highlights the current economic environment, citing high national debt and aggressive Federal Reserve rate hikes as contributors to what he describes as the "greatest credit bubble in human history" [2] - He predicts an 80% market crash in the future, asserting that the recent market correction is merely the beginning of a larger downturn [3] Group 2 - The article mentions the role of gold as a safe haven asset during market uncertainty, noting its historical performance as a hedge against inflation [5] - It discusses the potential of commercial real estate as a stable investment option, which has shown lower volatility and a low correlation to the S&P 500, with average returns of 10% over the past two decades [8] - Crowdfunding platforms are highlighted as a means for investors to access real estate markets without the burden of direct property management, allowing investments starting as low as $100 [11][12] Group 3 - The article points out that contemporary art has emerged as a unique investment opportunity, outperforming the S&P 500 with an annual return of 11.5% from 1995 to 2023 [14] - Masterworks is introduced as a platform that allows retail and accredited investors to invest in blue-chip art, providing access to exclusive shares in works by renowned artists [15]

Core Insights - MAI Capital Management has acquired Summit Financial Advisors, which has approximately $570 million in assets under management, shortly after announcing a merger with Evoke Advisors, which has $27 billion in assets [1][2] - Following the integration of Evoke, MAI will manage a total of about $60 billion in assets, positioning itself among the largest registered investment advisors (RIAs) in the market [2] - MAI's Chairman and CEO, Rick Buoncore, indicated that the firm is still looking for additional acquisition opportunities, focusing on firms that share a client-first mindset and a commitment to growth [3] Company Strategy - MAI is pursuing mergers and acquisitions (M&A) with a disciplined approach, seeking firms that align with its culture and growth strategy [3] - The firm is exploring expansion opportunities in Texas, Arizona, and Southeast Florida, while prioritizing finding the right fit for its growth strategy [3] - Summit Financial Advisors specializes in working with tech executives and entrepreneurs, focusing on equity-based compensation, concentrated stock portfolios, and tax strategies [3] Integration and Management - The team from Summit will remain intact post-acquisition, with Rafael Velez taking on the role of regional president and senior managing director [4] - MAI is prioritizing a seamless integration process for both advisors and clients from the Evoke acquisition, with ongoing efforts throughout Q4 and beyond [4] - The Evoke name will be retained alongside MAI, reflecting its established reputation among high-net-worth clients [5]

Core Insights - The RIA industry is experiencing increased ETF adoption, with over half (57.8%) of RIAs expanding their ETF portfolios in Q2 2025, indicating that the market is not yet saturated [2][3] - The report highlights a significant shift in ETF allocations, with no overlap in the top 10 fastest-growing ETFs from Q1 to Q2 2025, suggesting dynamic investment strategies among RIAs [3] - The fastest-growing thematic allocation was to IBIT, a Bitcoin vehicle, which increased by 19.9%, alongside notable growth in tech funds and global-focused ETFs [4] RIA ETF Adoption Trends - 5,035 RIAs reported consistent ETF holdings, with 57.8% increasing their ETF count and 22.2% reducing it, showing a net positive change in ETF adoption [2] - The increase in RIAs expanding their ETF holdings rose from 41.8% in Q1 2025 to a higher percentage in Q2 2025, indicating a surge in ETF adoption [2][3] ETF Allocation Dynamics - The top 10 fastest-growing ETFs among RIAs in Q1 2025 did not appear in Q2, with a shift from ultrashort bonds and options strategies to global bonds, foreign equity, and foreign currency [3] - RIAs are actively reallocating their ETF investments, reflecting a responsive approach to market conditions [3] Sector-Specific Growth - The fastest-growing categories for first-time allocations in Q2 included single currency ETFs (up 54.0%), global bond ETFs (up 36.5%), Latin American stocks (up 27.4%), and California intermediate munis (up 19.0%) [4] - Other growing sectors included tech funds and commodities, indicating diverse investment interests among RIAs [4] Management Fee Trends - RIAs are willing to pay higher management fees for ETFs perceived to offer attractive returns, particularly in leveraged equity and options-based funds, despite their higher expense ratios [5]

You can find original article here Wealthmanagement. Subscribe to our free daily Wealthmanagement newsletter. Los Angeles-based hybrid registered investment advisor Signature Estate & Investment Advisors continues to climb above the $30 billion in assets club with its second-largest acquisition. SEIA has acquired Select Money Management, a $1.6 billion RIA based in Aliso Viejo, Calif. In April 2024, it bought its largest RIA, a Cleveland-based firm with $2 billion in assets. With its latest Califor ...

Core Insights - Creative Planning has expanded its presence in the Silicon Valley area by hiring Grassi Investment Management, which has over $1 billion in assets under management [1][2] - The acquisition of Grassi Investment Management adds $1.3 billion in assets to Creative Planning, further solidifying its market position [2] - This marks at least the second acquisition of a plus-$1 billion registered investment advisor (RIA) by Creative Planning in the region this year [2][3] Company Expansion - Creative Planning has completed seven deals in 2023, indicating a strong growth strategy in the wealth management sector [3] - The firm is backed by minority investors TPG Capital and General Atlantic, which supports its acquisition strategy [3] Leadership and Team - Peter Grassi, the managing partner of Grassi Investment Management, has a background in investment, having previously worked at Davis, Skaggs and Company and Smith Barney [3][4] - Grassi's team, including financial consultant Kenneth Cervantes, will join Creative Planning, enhancing its capabilities in the market [1][2] Investment Philosophy - Grassi Investment Management emphasizes selecting undervalued stocks and bonds for investment portfolios, focusing on helping clients achieve retirement and financial independence [5]

Group 1 - The core point of the article is that Associated Capital (AC) plans to voluntarily delist its Class A common stock from the New York Stock Exchange and withdraw its registration with the SEC [1] Group 2 - On Monday morning, Associated Capital's stock fell by 4.5% following the announcement [1]

Core Insights - RiverPark Advisors, LLC is a New York-based investment advisory firm focused on providing "Best in Class" portfolio management services across select style boxes [1] - The firm manages approximately $1.3 billion in mutual funds and separate accounts, utilizing seven different strategies in equities, fixed income, and venture capital [1] - RiverPark has formed strategic alliances with other investment advisers to enhance management services [1]

Core Viewpoint - U.S. Global Investors, Inc. has successfully listed its shipping ETF, the U.S. Global Sea to Sky Cargo ETF (SEA), on the Mexican Stock Exchange, expanding its international presence and providing investors with access to the global transportation and logistics sectors [1][3]. Company Overview - U.S. Global Investors, Inc. is a registered investment advisory firm with over 50 years of history, focusing on niche markets globally [5]. - The company specializes in gold mining stocks and the airline industry, and now aims to enhance its offerings in the shipping sector through the SEA ETF [1][5]. ETF Details - The SEA ETF is the first pure-play maritime shipping and air freight ETF listed on the BMV, joining the U.S. Global Jets ETF (JETS) and U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) [2][4]. - Launched in January 2022, SEA aims to provide diversified access to the global shipping and air freight industries, utilizing a Smart Beta 2.0 strategy to identify efficient companies in these sectors [4][13]. Market Context - The Bolsa Mexicana de Valores (BMV) is the second-largest stock exchange in Latin America, with a market capitalization exceeding $530 billion, indicating a significant opportunity for investment in the region [3]. - The Mexican government is investing billions to modernize its seaports, which aligns with SEA's focus on global trade expansion, particularly between North America and East Asia [4][3]. Industry Insights - Over 80% of global goods are transported by sea, highlighting the critical role of the companies within SEA's index in global commerce [5]. - The U.S. Global Sea to Sky Cargo Index (SEAX) tracks companies involved in marine shipping, air freight, and port operations, providing diversified exposure across various market capitalizations [13].

Core Viewpoint - Appian Capital Advisory Limited has decided to withdraw its proposed senior secured loan and royalty financing facility with Pacific Lime and Cement Limited for the Central Lime Project in Papua New Guinea due to PLC's inability to secure a key offtake agreement [1][2][3] Group 1: Company Actions - Appian's withdrawal is a response to PLC's failure to meet a critical condition precedent outlined in the financing agreement from April 2024, specifically the securing of an offtake agreement before making its Final Investment Decision [2] - The decision not to draw from the senior facility further influenced Appian's conclusion that advancing the deal was not in the best interests of its investors [3] Group 2: Company Background - Appian Capital Advisory Limited specializes in long-term value-focused private capital funds that invest in metals, mining, and adjacent industries [1][4] - The company has a global presence with a team of 88 experienced investment professionals and oversees approximately 5,000 employees across various regions including South America, North America, Australia, and Africa [5][6]