Cantor Fitzgerald Ireland’s Post

"Cheri Belski will be responsible for leading key investment efforts, including LPL Research, Investment Products and Advisory Platforms, as well as LPL’s Retirement Partners business." #PrivateWealth #WealthManagement #RealAssets #PrivateMarkets #AlternativeInvestments #Alts #UHNW #HNW #FamilyOffices #IBD #RIA #PrivateInvestments #PrivateCredit #PrivateEquity #RealEstate

As with fund of funds, wealth management firms are the intermediaries between the end user investors and your firm. Unlike fund of funds, however, allocations from RIA wealth managers have the potential to be more sticky assets for the money manager. Of course, you will need to give these gatekeepers reason to see that putting their clients in your LP is more than just a performance chasing move. Frumerman & Nemeth CEO, Bruce Frumerman, offers five steps that your investment firm should take to build an action plan to make and maintain contact with investment advisor heads at wealth management firms in his blog post this month. https://lnkd.in/erpEHZ84 #assetraising #capitalraising #alternativeinvestments #hedgefunds

Hargreaves Lansdown adds the Ninety One Diversified Income fund to the Wealth Shortlist, Hal Cook, senior investment analyst, Hargreaves Lansdown comments on the news in the full article below

The investment advisory sector has experienced significant growth in recent years. Over the past six years, over 24 million additional individuals have sought the expertise of investment advisors for their asset management needs. This surge in demand has led to a record-breaking number of investment advisors in 2023, accompanied by substantial increases in both sector employment and assets under management, as revealed in a recent industry study. #finance #investment #advisors #banking #assetmgt https://lnkd.in/gAcQNfHC

This reminds me of the saying “the past is prologue”. I started my career in the 401(k) industry at Bankers Trust Company. In the late 1980s. Back then large market 401(k) plans had investment menus that were primarily collective trust funds. Then in the 1990s and 2000s mutual funds dominated investment menus. Now…we are returning to the past. Collective Trusts are becoming dominant in investment menus. Evidenced by for TDFs, now 49% of total assets are CITs. And last year, 67% of TDF net inflows, went to CITs. Overall for 401(k) plans, CITs with multi trillions in assets. Generally lower cost, fiduciary friendly and ability to customize.

The latest report from Morningstar finds that collective investment trusts are on pace to overtake mutual funds as the most popular target-date vehicle in 2024. https://lnkd.in/gYwBwpb4

In our latest installment of Critical Thinking, Rich Nuzum, Global Chief Investment Strategist, shares his perspective on governance considerations around lift out transactions. After a decade of experiencing the realization of reinvestment risk due to the impact of historically low interest rates on the estimated net present value of their liabilities, many defined benefit (DB) pension plans now find themselves, relatively suddenly, in an unexpected surplus position due to the extremely rapid increase in rates since 2022 – with the opportunity to lock in risk transfer deals given their newly strong funded status position. To be clear, we are seeing lift outs for other types of asset owners, including insurers, endowments and foundations, and family offices, driven by governance and cost considerations that echo those in the DB segment. However, the trend seems strongest in DB given the recent run up in funded status and associated derisking of strategic asset allocations. #investing #DefinedBenefits #governance

In our latest installment of Critical Thinking, Rich Nuzum, Global Chief Investment Strategist, shares his perspective on governance considerations around lift out transactions. After a decade of experiencing the realization of reinvestment risk due to the impact of historically low interest rates on the estimated net present value of their liabilities, many defined benefit (DB) pension plans now find themselves, relatively suddenly, in an unexpected surplus position due to the extremely rapid increase in rates since 2022 – with the opportunity to lock in risk transfer deals given their newly strong funded status position. To be clear, we are seeing lift outs for other types of asset owners, including insurers, endowments and foundations, and family offices, driven by governance and cost considerations that echo those in the DB segment. However, the trend seems strongest in DB given the recent run up in funded status and associated derisking of strategic asset allocations. #investing #DefinedBenefits #governance

In our latest installment of Critical Thinking, Rich Nuzum, Global Chief Investment Strategist, shares his perspective on governance considerations around lift out transactions. After a decade of experiencing the realization of reinvestment risk due to the impact of historically low interest rates on the estimated net present value of their liabilities, many defined benefit (DB) pension plans now find themselves, relatively suddenly, in an unexpected surplus position due to the extremely rapid increase in rates since 2022 – with the opportunity to lock in risk transfer deals given their newly strong funded status position. To be clear, we are seeing lift outs for other types of asset owners, including insurers, endowments and foundations, and family offices, driven by governance and cost considerations that echo those in the DB segment. However, the trend seems strongest in DB given the recent run up in funded status and associated derisking of strategic asset allocations. #investing #DefinedBenefits #governance

In our latest installment of Critical Thinking, Rich Nuzum, Global Chief Investment Strategist, shares his perspective on governance considerations around lift out transactions. After a decade of experiencing the realization of reinvestment risk due to the impact of historically low interest rates on the estimated net present value of their liabilities, many defined benefit (DB) pension plans now find themselves, relatively suddenly, in an unexpected surplus position due to the extremely rapid increase in rates since 2022 – with the opportunity to lock in risk transfer deals given their newly strong funded status position. To be clear, we are seeing lift outs for other types of asset owners, including insurers, endowments and foundations, and family offices, driven by governance and cost considerations that echo those in the DB segment. However, the trend seems strongest in DB given the recent run up in funded status and associated derisking of strategic asset allocations. #investing #DefinedBenefits #governance