transforming the investor - advisor relationship
Joined December 2020
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Equity mutual funds have seen $3.5T of outflows in past 10yrs yet their assets has jumped by $6T to reach $14T bc stocks up 280% in that time. This prob the best eg of the "bull market subsidy" there is and why $GBTC likely not motivated to lower fee despite outflows/complaints
Great insight here on why some broker advisors might be steering clients into select funds. #conflicts
In addition, the $TSLY expense ratio is nearly 1% - that should warrant a second look in and of itself!
When investors see an ETF promoting a sky-high yield, they may forget what they should have learned in Investing 101 on.wsj.com/3UH47ny on.wsj.com/3UH47ny
Not all ETFs are cut from the same cloth.
@IBDinvestors article on @MorningstarInc report that ARK family funds has destroyed $14.3B of wealth in past 10 years, "And get this. Investors paid a 0.75% annual fee for the privilege.".
#etfs #fees
loom.ly/Nk4thHU
Love listening to @EricBalchunas @BloombergRadio speaking on active funds "...the days of charging 1% for owning amazon and google and taking little risk, that's the endangered species here."
We see too many members owning high fee funds. What are you paying in layered fees?
2023 was 🚀:
- Launched Advisor Analyzer™, empowering investors to monitor their advisor's fees, performance, and overall engagement.
- Rainbook Advisor Network went live, partnering with some of the top RIA firms in the country
- Forged lasting relationships @FutureProofAC
rainbookwealth retweeted
If you're a high fee mutual fund stunk in outflows year after year, don't close the funds and force taxes on your poor investors, give me a call.
We can take over your assets, and move them to tax-efficient ETFs at < half the management fee.
I'm serious.
💡👇
Finances are like pumpkin pie – you'll want to save some for later. 🥧 Check out 10 questions to ask your financial advisor during your first meeting (Warning: none are dessert-related): bit.ly/46Zb1Y8 #CFPpro
Big week with our Advisor Analyzer as well as our Rainbook Advisor Network officially launched!
Our mission is to empower investors. With the Advisor Analyzer, we're redefining transparency for investment clients.
prweb.com/releases/rainbook-…
Great chart 👇 via @jseyff and @ericbalchunas
AUM also still fine b/c investors have no idea they are in those high fee funds...but that is changing!! #AdvisorAnalyzer
rainbook.com/advisor-analyze…
Great ICI-inspired chart showing three of the biggest trends in one shot: active to passive, mutual fund to ETF and high cost to low cost. Active equity MFs have seen outflows every year for a decade equaling $2.3T (altho their aum still ok bc of bull mkt subsidy) via @JSeyff
If Citigroup is correct and issuers of half of all the ETFs ($7T market) are deploying a loss leader strategy - how are the loss leaders paying the bills?
*hint, don't get caught in those "crazy products"!
#ETFs
via @kgreifeld
bloomberg.com/news/articles/…
We are honored to be included in THE #AdvisorTech Map. Love the new look as well!
We have a fresh new look for our latest #AdvisorTech Map! This month also features interesting highlights:
-@Holistiplan announces investment from @LeadEdgeCapital
-@FMGSuite has acquired @MyRepChat
-@ycharts launches new feature for building proposals
bit.ly/48BoOpx
All of Schwab Bond ETF fees are now .03% or below whereas the average expense ratio of the 633 US-listed bond ETFs is around .35%
Billions of $$ moving amongst the 15 largest fixed income ETFs, all of which (@Vanguard_Group @iShares, etc) charge < .35%, list via @KoyfinCharts
Very informative article:
💥 "...Hell for issuers, but heaven for investors" @EricBalchunas
💸 $SPLG now available at .02% 🤯
💸 $QQQM .15%
"...$1 million invested for 40 years would save about $370k in fees at a 0.05% fee vs a 1% fee"
wsj.com/finance/investing/yo…
top performers with low expense ratios from .10% - .29%, how much are you paying for your Large-Cap Value mutual funds and/or ETFs??
if you don't know, find out at app.rainbook.com/signup
Offerings from Vanguard, Schwab, and Fidelity are among these top performers: spr.ly/6010PShO2
Do you know the total amount of fees that you're paying? Trust, but verify.
Sign up today to get a detailed report of your overall advisor fees. rainbook.com
NEWS TODAY: Wells Fargo overcharged more than 10,900 advisory accounts more than $26.8 million in advisory fees. ow.ly/rLHH50PEsPr
rainbookwealth retweeted
Summer can be expensive. @cnbc’s @sharon_epperson shares ways to clean up our finances, even now in the middle of the year! 📅🌴