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| Wealth Adviser |
| Cultivating relationships with next-generation clients has become a priority for wealth managers seeking to sustainably grow their practice. Approximately $60 trillion are slated to transfer from primary clients to their heirs within the next 25 years. But only13% of next-gen clients retain their parents’ adviser after receiving their inheritance, according to Cerulli Associates. That makes attracting and servicing next-gen clients an important investment in a firm’s long-term growth. Ghislain Gouraige, Jr., family office consultant at UBS, Christopher Jay, senior vice president at Merrill Lynch, and George Papadoyannis, private adviser at Ameriprise Financial Services, shared key insights on servicing families and next-generation clients at the recent Barron’s Teams Summit. Below, some of the best analysis and insight from WSJ writers and columnists, the Dow Jones Newswires team and occasionally beyond, on investing, the wealth-management business and more. |
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| Private Equity Gears Up for the Siege of Japan Inc: Private-equity firms are building up a large war chest to target Japanese companies. Toshiba could be on the menu soon. |
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| From satellite networks being used by insurers for disaster-monitoring systems to satellites being used to provide internet connectivity, space technology is increasingly driven by commercial interests, Adam Niewinski, managing partner at Poland-based venture-capital fund OTB Ventures, tells The Wall Street Journal. "Space is moving from being state funded and state-contract based to more commercially funded and more focused on commercial usage," Niewinski says. Space agencies can also stimulate competition among private companies by providing long-term contracts and long-term funding, he says. ([email protected]) Emerging market debt is likely to continue to be a compelling source of returns in the second half of this year, PineBridge Investments says. "We are...constructive on emerging market (EM) debt, with the staggered global recovery and peak global stimulus boding well for emerging markets," says PineBridge's Steven Oh. Corporate fundamentals remain positive, with first-quarter earnings beating estimates for more than half of MSCI Emerging Market index companies that have reported to date, he says. China Huarong Asset Management's sharp rating downgrade after missing a deadline to produce financial results coupled with political noise in Latin America have all failed to dent demand, with higher new bond issuance being absorbed and most spread-widening being short-lived, he adds. ([email protected]) |
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| Boom Says Its Supersonic Jet Will Be Green Too. Not Everybody’s Convinced: The startup plans to use scarce zero-carbon fuel for its jet, which will use more fuel per passenger than regular planes. |
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| Your Next Round of Drinks Might Be More Expensive: Booze makers are mostly absorbing the higher costs to make beer, wine and spirits instead of lifting prices—for now. The Unexpected Harmony of Careers in Wealth Management and the Arts: It’s June, a month when college graduates with arts degrees are busy scanning job listings. Very few tend to alight on wealth management, which is generally the purview of math and finance majors. They may be missing out. |
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| As Travel Complaints Soared, the DOT Stood By: When airlines resisted issuing required refunds during the pandemic, the Transportation Department mainly issued nothing more than warnings—critics say its problems have continued with a new administration |
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| The Wealth Adviser Briefing covers topics of interest to wealth managers, financial planners and other advisers. The content is curated by the Dow Jones Newswires team using articles from the Newswires, Barron's, MarketWatch and The Wall Street Journal. The briefing is delivered to subscribers by email each workday morning at 6:30 a.m. ET. You can sign up here (https://www.wsj.com/newsletters) for email delivery. Enjoying this newsletter? Get more from WSJ and support our work with a special subscription offer. |
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