Tibor Nemes

Hello Aravind, sorry I am on the sell side commenting and not a HNW investor intrigued by your important focus on fees and investor alignment. I have seen this theme from you before first hand in Edmonton last year at the IAFP, hope to see you again this year. We agree generally with your view on fees but I think you should consider the fees not disclosed and not required to be disclosed; 2-4% borrower fees. This is generally the unknown unknown for most advisors. The OM's will state that the manager can receive fees for originating loans or mortgages but I am yet to see anywhere, where those fees are actually shown. This is a monumental conflict of interest that is the epicentre of dislocation between investor interests and the manager's interests. It is all one single cost to the borrower but as the OM states, the borrower origination, commitment, extension, exit and etc. fees are all paid by the borrower and not by the investors so who needs to know. Wait what? A basic assessment of credit risk is how much a borrower is willing to pay for a loan.  As an advisor, if you do not know how much the borrower is paying for the loan, you will not know how risky the credit/mortgage fund is. Keep up the great work. Cheers.

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The share of target date fund assets as a percentage of total 401(k) assets has more than quadrupled since 2007. But how many 401(k) participants have access to TDFs in their plans? Find out in this month’s Retirement at a Glance. bit.ly/3UNORoY.

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The share of target date fund assets as a percentage of total 401(k) assets has more than quadrupled since 2007. But how many 401(k) participants have access to TDFs in their plans? Find out in this month’s Retirement at a Glance. bit.ly/3UNORoY.

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Private-equity firms are beginning to tap a nascent market for clean-energy tax credits, betting on a boost to returns from helping project developers get better terms for the tradable credits.

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Is it a matter of ‘when’ and not ‘if’ the gap between active and passive fixed income ETF closes? Until our first #activeETFs launched, there weren’t as many available. But we’re changing that to give clients more choice. Learn more here: https://bit.ly/44yonKX .

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Friday's Financial Forecast- Q1 results have brought a mix of highlights and lowlights. We examine these opposing forces, how the Magnificent 7 narrative may change in coming quarters, and how to calibrate equity exposure in this unique period. Learn more with this 6 minute read

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The #semiconductor index SOX is up close to 10% this week, retracing a big part of April's pullback. Here is our quick take on why despite the stellar outperformance of semis over the past year, we continue to see a cyclical and secular opportunity in the space. Video + written commentary below.

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Sharing this video about #privateequity and why investors may want to think about adding it to their portfolios. Hear Portfolio Manager Mike Bailey, Head of Private Equity Multi-Strategy Funds at Fidelity, outline his thoughts on reasons to consider it, plus details on his team’s process for building private equity portfolios. Be sure to check out more portfolio manager videos and resources here: https://bit.ly/3yV9S8y #advisors

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Quality Over Quantity: A Winning Strategy in Financial Advising Understanding the limitations of time and the increased demands of high-net-worth clients with complex needs, these advisors focus on maintaining a manageable client base. The magic number? Approximately 200 families or households per advisor. This strategic approach not only allows for deeper client engagement but also highlights the growing trend of forming teams to efficiently handle the demands of the profession. It's a testament to the idea that in financial advising, sometimes less is more when it comes to client quantity, allowing for greater quality in service and outcomes. #FinancialAdvising #ClientManagement #QualityOverQuantity

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“What do you even do (for advisors)?” I had this question from a financial planning advisor. Glidepath does three things: 1. Provide a great portfolio management service 2. Provide amazing and responsive advisor/customer service 3. Be a trusted collaborative partner to financial planning advisors allowing them to: A. Optimize the economics of their practices (keep 100% of their fees, no grid, no flat fees). B. Elevate competitive position (if they aren't IIROC & discretionary already) C. Free up time to focus on marketing, clients or family E. Take compliance off their plate F. Future proof their practice G. Enhance their Mental Health (alleviate pressures downloaded on them by dealerships, regulations etc). Etc…. #outsourcing #financialplanning #wealthadvisors #portfoliomanagement #customerservice

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Vince Lorusso recently appeared on the Schwab Network to discuss Clough Capital's market views and the security level positioning within their two ETFs. In the interview with Oliver Renick, Lorusso shares insights on the Clough Hedged Equity ETF ($CBLS) and the Clough Select Equity ETF ($CBSE). Check out the interview here: https://lnkd.in/g9uDHrXH #CloughCapital #MarketViews #ETFs #SchwabNetwork Schwab Network is responsible for the content of this video. This video is for informational purposes only and is not to be used for investment advice. Please read our disclosures and a prospectus at cloughetfs.com/disclaimers before investing.

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The Fed's path has caught many investors off-guard this year and continues to create uncertainty and debate. Yet, with leading indicators showing that shelter inflation is likely to decline over coming months, investors should now prepare their portfolios for the coming stages of Fed policy. Read more in the latest market bulletin.

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Bond covenants are critically important protection for investors. Listen as The TCW Group’s #FixedIncome team discusses the weakening of those covenants over the past several years and how that trend is having a real impact on investors and outcomes. https://tcwgrp.com/Zf8eVF

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Investors who are overly focused on data surprises may lose sight of the bigger picture: Central bank rate cuts are coming—and with them a major opportunity for #bond investors. Bernstein's fixed-income outlook explores strategies for today's environment:

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Here is a recap of some of the #ETF investment themes posting strong Q1 earnings https://lnkd.in/gPn6256s VettaFi #earnings #thematics

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