3+ week, 2+ day ago   (525+ words) Ken Griffin’s Citadel has already shed more than 80% of the risk it acquired from Leopold Aschenbrenner’s Situational Awareness, completing nearly 100 block trades representing more than $4 billion in market value. Citadel bought the portfolio only last month, after heavy losses in…...

3+ week, 5+ day ago   (193+ words) FINNY is replacing software fees of $6,000 or $12,000 a year with a $50 monthly subscription and a fee tied directly to assets brought onto the platform through clients it helps acquire. The larger experiment is whether wealthtech pricing can migrate from selling…...

1+ week, 5+ day ago   (608+ words) Reducing the Weight of Non-Client WorkMuch of Haddock’s focus centers on emerging technology and how advisors can use it to compete without losing time to operational drag. She points to the rise of digitally native practice management as a turning…...

3+ week, 2+ day ago   (413+ words) Advisory firms spent years trying to eliminate paperwork, move forms online and achieve the holy grail of faster client onboarding. Industry pioneer Rick Burgess of Forms Logic thinks something much more valuable is getting lost along the way: control. "It's…...

3+ week, 2+ day ago   (189+ words) Buffett has also been candid about what bothers him. The largest technology companies are committing hundreds of billions of dollars because none can comfortably risk allowing a competitor to establish an insurmountable AI advantage. That makes the spending rational individually…...

3+ week, 3+ day ago   (229+ words) Wealth firms have spent the past two years worrying about whether artificial intelligence gives advisors bad answers. Oasis Group CEO John O’Connell sees a more difficult problem emerging as the technology improves: what happens when AI becomes reliable enough that…...

5+ day, 5+ hour ago   (278+ words) That distinction could be worth billions. Wilson and affiliated family entities now control roughly 8.7% of Lululemon, recently worth close to $1 billion, while his nearly 18% stake in Amer Sports is valued at almost $3 billion. His family office also holds substantial real…...

4+ day, 23+ min ago   (371+ words) Goldman Sachs is seeing a “huge uptick” in inquiries from AI founders, executives, researchers, developers and investors whose equity has suddenly become life-changing wealth. Brittany Boals Moeller, the firm’s San Francisco head of private wealth management, says the speed and…...

1+ week, 6+ day ago   (311+ words) Big Tech has spent earnings season startling investors with ever-larger AI budgets, but Goldman Sachs’ Eric Sheridan thinks the surprises are nowhere near finished. He expects AI supply and demand to remain out of balance until the first half of…...

3+ week, 2+ day ago   (316+ words) Bank of America strategist Michael Hartnett has put a number on Scott Bessent’s bond-market problem: 5% on the 30-year Treasury yield. If the Treasury secretary’s expanding buyback program can’t push long rates below that threshold, Hartnett expects pressure to spread beyond…...