www.thedailyupside.com Open in urlscan Pro
2606:4700:20::681a:773  Public Scan

Form analysis
4 forms found in the DOM

GET https://www.thedailyupside.com/

<form role="search" method="get" action="https://www.thedailyupside.com/" class="wp-block-search__button-inside wp-block-search__icon-button wp-block-search"><label class="wp-block-search__label screen-reader-text"
    for="wp-block-search__input-1">Search</label>
  <div class="wp-block-search__inside-wrapper " style="width: 100%;border-width: 0px;border-style: none;border-radius: calc(2px + 4px)"><input class="wp-block-search__input" id="wp-block-search__input-1" placeholder="Search..." value="" type="search"
      name="s" required="" style="border-radius: 2px"><button aria-label="Search" class="wp-block-search__button has-icon wp-element-button" type="submit" style="border-radius: 2px"><svg class="search-icon" viewBox="0 0 24 24" width="24" height="24">
        <path d="M13 5c-3.3 0-6 2.7-6 6 0 1.4.5 2.7 1.3 3.7l-3.8 3.8 1.1 1.1 3.8-3.8c1 .8 2.3 1.3 3.7 1.3 3.3 0 6-2.7 6-6S16.3 5 13 5zm0 10.5c-2.5 0-4.5-2-4.5-4.5s2-4.5 4.5-4.5 4.5 2 4.5 4.5-2 4.5-4.5 4.5z"></path>
      </svg></button></div>
</form>

<form class="tdu-subscribe tdu-subscribe--the-daily-upside wp-block-tdu-subscribe" data-show_verticals="yes" data-behaviour_on_success="survey" data-in_content_gate="no" data-utm_source="organic" data-utm_medium="organic" data-utm_campaign=""
  data-utm_content="">
  <div class="tdu-subscribe__form-wrapper"><input class="tdu-subscribe__input" type="email" autocomplete="on" autocompletetype="email" placeholder="Your Email Address"><button class="tdu-subscribe__button" type="submit">Subscribe</button></div>
  <div class="tdu-subscribe__message"></div><input type="hidden" name="vertical" value="the-daily-upside">
</form>

<form class="tdu-subscribe tdu-subscribe--fa-upside wp-block-tdu-subscribe" data-show_verticals="yes" data-behaviour_on_success="survey" data-in_content_gate="no" data-utm_source="organic" data-utm_medium="organic" data-utm_campaign=""
  data-utm_content="">
  <div class="tdu-subscribe__form-wrapper"><input class="tdu-subscribe__input" type="email" autocomplete="on" autocompletetype="email" placeholder="Your Work Email Address"><button class="tdu-subscribe__button" type="submit">Subscribe</button></div>
  <div class="tdu-subscribe__message"></div><input type="hidden" name="vertical" value="fa-upside">
</form>

<form class="tdu-subscribe tdu-subscribe--fa-upside wp-block-tdu-subscribe" data-show_verticals="yes" data-behaviour_on_success="survey" data-utm_source="organic" data-utm_medium="organic" data-utm_campaign="" data-utm_content="">
  <div class="tdu-subscribe__form-wrapper"><input class="tdu-subscribe__input" type="email" placeholder="Your Work Email Address"><button class="tdu-subscribe__button" type="submit">Subscribe</button></div>
  <div class="tdu-subscribe__message"></div><input type="hidden" name="vertical" value="fa-upside">
</form>

Text Content

We Value Your Privacy

The Daily Upside or its third-party tools process personal data. You can opt out
of the sharing of your personal information by clicking the link below. Cookie
Policy

Do Not Share My Personal Information
Opt-out Preferences

We use third-party cookies that help us analyze how you use this website, store
your preferences, and provide the content and advertisements that are relevant
to you. However, you can opt out of these cookies by checking "Do Not Sell or
Share My Personal Information" and clicking the "Save My Preferences" button.
Once you opt out, you can opt in again at any time by unchecking "Do Not Sell or
Share My Personal Information" and clicking the "Save My Preferences" button.


Do Not Share My Personal Information
Cancel Save My Preferences
Skip to content
Search

 * 
 * Economics
   * Indicators
   * International
   * Inflation & Prices
   * Personal Finance
   * Real Estate
 * Finance
   * Banking
   * Hedge Funds
   * M&A
   * Markets
   * Private Equity
 * Technology
   * Artificial Intelligence
   * Big Tech
   * Blockchain
   * Semiconductors
   * Social Media
 * Industries
   * Autos
   * Consumer
   * Electric Vehicles
   * Energy
   * Healthcare
   * Industrials
   * Media & Entertainment
 * Investments
   * Alternatives
   * Bonds
   * ETFs
   * Equities
   * Income Investing
 * Advisor
   * Industry News
   * Investing Strategies
   * Financial Planning
   * Practice Management
   * Wealthtech
 * Newsletters
   * The Daily Upside
   * FA Upside
   * Patent Drop
   * Power Corridor

Get more than news. Get insights.
Subscribe


Subscribe

ADVISE BOLDLY, INVEST WISELY.

Get market insights, practice essentials and industry updates — all for free.

Subscribe

The Daily Upside presents
September 24, 2024
Sponsored by

Good morning.

What do formal dress shoes and the 60/40 rule have in common? They’re both
dead. 

Wearing sneakers is the latest fashion trend to hit industry conferences, and
it’s quickly making the funny-socks thing look so last season. In fact, about a
third of advisors said dress shoes are outdated, while almost half said they
like to mix up the Ferragamos with comfier kicks, per an FA-IQ survey. 

One advisor even said he broke “the seal” and occasionally started wearing
sneakers to work, too. Hey, if advisors are coming into the office, they should
at least rock the fresh Jordans.

Practice Management


FIDUCIARY AD CAMPAIGNS MAY BE HITTING HOME

Photo via Connor Lin / The Daily Upside

Call it the “we do better when you do better” effect. 

Fiduciary PR campaigns and catchy slogans (see above) may be registering with
investors, turning them on to financial planning and overturning a decades-long
mistrust of advisors. Confidence in firms has skyrocketed in recent years; some
60% of clients now say their advisors have their best interests in mind. That’s
spilling over into the retail channel, where a record 6 in 10 do-it-yourself
investors are now interested in paying for professional advice, according to new
research from Cerulli.

“There was a big [fiduciary] push and it seems to have been successful,” said
John McKenna, a Cerulli analyst and author of the report. “It’s the idea that if
I hire this person, he’s looking out for my best interest — not looking out for
his bottom line.”


MAX MY INTEREST

Marketing campaigns from mega-indie firms like Fisher Investments as well as
discount brokerages like Charles Schwab have flooded TV and radio in recent
years. Many are touting fiduciary financial advice. Now, both men and women
largely prefer full-service firms as their main provider, according to the
research. It’s a trend that’s likely to continue.

“Investors are increasingly interested in paid financial advice,” said Lauren
Genuardi, a managing partner at Expressive Wealth. “Investors recognize they
either don’t have the interest or the time.” 

They’re also more aware of the complex decisions they face. Once planning gets
more complicated — including tax advice and help with IRA rollovers — investors
often need an extra hand. That may increase as wealth shifts to the next
generation, whose members will suddenly find themselves with more money in their
bank accounts and little time or know-how to manage it. “Hiring an advisor is no
different than hiring an attorney to review a business agreement or hiring an
accountant to make sure your taxes are properly filed,” Genuardi told The Daily
Upside.

What Are My Options? Sure, the industry is becoming more reputable, McKenna
said, but there are still challenges to overcome. Financial instruments have
become more complex, and services that were once the province of
ultra-high-net-worth households are opening up to retail investors.

Options trading, direct indexing, and tax loss harvesting are now only a click
away on direct-to-consumer apps, but not all investments are straightforward —
especially some of the riskier ones. “Strategies are moving downmarket,” McKenna
said. “People are asking: ‘Is this appropriate for me?’”

Written by Sean Allocca
Sponsored by Modern Life


LINKEDIN, YOUTUBE, AND PODCASTS… OH MY!

91% of financial advisors say they struggle with digital marketing. Though the
modern digital landscape may be daunting, implementing an impactful marketing
strategy can skyrocket your lead volume (without breaking the bank). 

So where do you begin? Modern Life has compiled an article that lays out three
powerful and often overlooked strategies to help your practice stand out – “The
Best Marketing Strategies for Advisors”.

Whether it’s captivating audiences with dynamic YouTube videos, connecting with
the right people on LinkedIn, or using podcasts to establish yourself as a
thought leader, these strategies will elevate your marketing game and help you
expand your client base. 

It is time to tap into the digital age and leverage a stellar marketing strategy
to grow your assets under management. 

Take the first step today by reading the article.

Investing Strategies


WEALTHY FAMILIES ARE DITCHING CASH FOR RISKIER WAGERS

Photo by Matt Buck via CC BY-SA 2.0

The world’s wealthy are getting frisky. Family offices are moving out of cash
and into riskier equity investments as outlooks for global markets improve and
interest rates come down.

Money managers made significant portfolio shifts this year, with more than 4 in
10 managers upping their exposure to public and private equity, according to
Citigroup research. Almost the same percentage of respondents slashed their
holdings in cash. As the Federal Reserve rate cut cycle begins, nearly all of
the 338 family offices surveyed (97%) believe the markets will post positive
returns over the next year. It’s a major shift in thinking from some of the most
lucrative managers on the planet. 

“Family offices are shaking things up,” said Dutch Mendenhall, CEO of the
alternative and real estate investing firm RADD Companies. “It’s a wake-up call
for family offices to rethink their game plans.”


ALL IN THE FAMILY OFFICE 

Family offices provide the richest investors with ways to maximize
intergenerational wealth, like legal and tax advice, estate planning, and
concierge services that can even include dog walking. The ultra-high-net-worth
segment — investors with more than $30 million in assets — make up 1% of the
global population but hold a staggering 34% of the world’s wealth.

Family offices are big business for wealth managers. Assets are expected to rise
73% to $5.4 trillion globally by 2030, according to a Deloitte report. That’s in
line with the wealth of ultra-rich families with their own investment offices,
which is expected to top $9.5 trillion over the same time frame — a 189%
increase from 2019.

Modern Family. Family offices are also experimenting with growth equity, venture
capital, and AI, often betting on early funding rounds that come with higher
stakes but potentially bigger payoffs, Mendenhall told The Daily Upside. Almost
half of the firms surveyed have ramped up their fixed-income investments. “This
is a big pivot aimed at snagging higher returns in a post-pandemic society,” he
added.

The managers are also building exposure to AI. Half of those surveyed report
investments in public or private AI firms, which was likely a major driver in
the positive returns this year, according to the report. 

 * Private credit, emerging-market debt, and art are falling out of favor,
   according to the survey. 
 * Interest rates, relations between the US and China, and overheated market
   prices were top economic concerns.

“Family offices realize old-school investments just won’t cut it to preserve
wealth long-term,” Mendenhall said. 

Written by Sean Allocca
ETFs


LATEST ETF TAPS AI VERSIONS OF BUFFETT, DRUCKENMILLER

One of the biggest debates in Hollywood today is whether actors should be
“revived” via special effects and AI to reprise their classic roles: the Peter
Cushing conundrum. That same question could be asked of the latest ETF launch.

A new AI-powered exchange-traded fund uses large language models to mimic the
personalities, philosophies — and hopefully the successes — of about a dozen of
the world’s best traders, including Warren Buffett, Paul Singer, and Stanley
Druckenmiller. Intelligent Alpha launched its Intelligent Livermore ETF (LIVR)
last week — named in honor of day-trading pioneer Jesse Livermore — which taps
LLMs like OpenAI’s GPT, Google’s Gemini, and Anthropic’s Claude to emulate
notable investors. The technology targets nearly 70 holdings in a range of
sectors including AI, healthcare, energy, and consumer staples.

“We were curious: Can [Chat]GPT beat the S&P 500?” Intelligent Alpha founder and
CEO Doug Clinton told The Daily Upside. 


KNOW HOW TO PICK ‘EM

Don’t worry, a real-life human has final oversight, and the company says the
stocks suggested by the chatbots may not necessarily reflect those held by their
real-life counterparts. Buffett is a big fan of Apple, for example, but AI
Buffett might be more interested in Android, Clinton said. 

“A lot of people don’t know what it means to invest with AI versus what it means
to invest in AI,” Clinton told The Daily Upside. “AIQ is an ETF that holds Meta
and Nvidia and other AI-related stocks, but they’re not using AI to pick those
stocks. We actually are.” The vehicle comes with a 0.69% fee. 

Existential Crisis. AI stock-pickers could replace plenty of portfolio managers
and analysts. It’s survival of the fittest, but Clinton views it as motivation.
“When we’re not competing with AI — this intelligent robot that can do so many
different things — maybe we get lazy,” Clinton said. “The humans who are really
good at their jobs, the humans who are really good investors, will probably
gather more assets. Everybody else who’s just average, they’re going to get
eaten up by AI.”

While traders come and go, Clinton said his tool would benefit from the
experience and expertise of both living and dead managers. If a manager was to
pass on, they would stay in the system for some time to see how the AI adjusts.
“There will be names that come and go over time,” he said.

Written by Griffin Kelly


EXTRA UPSIDE

 * Biblically Responsible: Faith-based firm settles $300,000 SEC dispute for
   allegedly not delivering on “data driven” claims.
 * To The Rescue: Apollo Global Management offers to make a potentially $5
   billion investment in lagging chipmaker Intel.
 * Three Powerful Marketing Strategies to Grow Your Advisory Practice. Learn how
   developing a simple marketing strategy can make a meaningful impact on your
   firm. Read Modern Life’s article: “The Best Marketing Strategies for
   Advisors.”*

* Partner

FA Upside is edited by Sean Allocca. You can find him on LinkedIn.

FA Upside is a publication of The Daily Upside. For any questions or comments,
feel free to contact us at advisor@thedailyupside.com.

 * EconomicsArticles about economics
 * FinanceArticles about finance
 * TechnologyArticles about technology
 * IndustriesArticles about industries
 * InvestmentsArticles about investments
 * AdvisorArticles about financial advising

 * Subscribe
 * The Daily Upside
 * FA Upside
 * Power Corridor
 * Patent Drop
 * Newsletter Archive

 * Advertise With Us
 * About Us
 * Careers
 * Privacy Policy
 * Contact Us

 * Facebook
 * LinkedIn
 * Twitter
 * Instagram

© 2024 The Daily Upside

SUBSCRIBE TO FA UPSIDE


Subscribe