Enjoy the latest issue of “The Weekend Reading for Financial Planners” – just a few weeks after introducing its own self-clearing platform, RIA custodian Altruist this week welcomes fellow custodians It begins with the news that we have announced the acquisition of platform Shareholder Services Group (SSG), making our unified RIA custodial platform the third largest in terms of RIAs offered. This is important because most “emerging” RIA custodians have struggled to gain real traction in the competitive RIA custodian landscape, but Altruist is particularly keen to reduce external technology costs to It seems to be winning small businesses…with a unique “all-in-one” with core portfolio management and performance reporting components built right into the platform.
Also, this week’s industry news:
- The Impact of the Silicon Valley Bank Collapse on Federal Reserve Policy and Future Market Performance
- Why advisors could quickly become a key access point for consumers looking to add private investments to their portfolios
From there, there are several articles on the collapse of Silicon Valley Bank (SVB).
- Real-life example of how SVB went from booming local bank to bankruptcy in just a few months
- How banking could change for consumers following the SVB collapse
- How government officials tried to balance stability in the banking system while avoiding ‘moral hazard’
There are also many articles on cash flow and spending.
- How advisors can help clients develop cash management plans to keep bank deposits within FDIC limits and generate relatively high returns
- Why being ‘rich’ is so much more than where you stand on the national income distribution
- Happiness overall increases with income, but unhappy people are less likely to experience an increase in happiness at higher income levels, according to new research
Finally, we conclude with three articles on healthy lifestyles.
- Recent study overturns previous assumptions about how human metabolism changes over time
- Why Walking Can Bring Many Health Benefits of a More Intense Exercise Routine
- How short bouts of exercise throughout the day can provide significant health benefits
Enjoy your “light” reading!
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