Wealth Management
The private equity industry is experiencing a shift towards greater accessibility for individual investors. Historically dominated by institutional participants, the sector is now witnessing the dismantling of barriers that once limited broader participation.
This transformation is driven by the emergence of new investment vehicles and regulatory changes that facilitate entry for non-institutional investors. While this democratization opens opportunities for a wider audience, it also introduces challenges related to investor education and the management of liquidity in traditionally illiquid assets.
Industry stakeholders are actively addressing these issues to ensure that the expansion of the investor base is both sustainable and beneficial.
Finsum: Private equity is becoming an increasingly viable option for individual investors seeking diversification and potential returns.
LPL Financial has significantly ramped up its use of advisor loans, reporting $2.14 billion in outstanding advisor loans in 2024—a 57% jump from the prior year—as part of its aggressive strategy to recruit and retain talent.
These forgivable loans, often used as incentives for advisors to join or stay with a firm, have become a cornerstone of LPL’s growth model. The firm’s acquisition of Atria Wealth Solutions, a broker-dealer network with 2,400 advisors and $100 billion in assets, likely contributed to the spike, as LPL aims to retain 80% of Atria’s advisors during the transition.
LPL’s scale as a self-clearing broker-dealer gives it a cost advantage, allowing more room to offer attractive loan packages compared to smaller competitors. The company expects to complete the advisor transition from Atria by mid-2025, further consolidating its position as the industry’s largest independent brokerage.
Finsum: While this strategy does require a lot of capital it could be a way to attract new talent.
Emerging-market stocks declined for a third straight day as anxiety mounted over President Trump’s upcoming global tariff rollout. The benchmark index for developing-nation equities dropped 1.6%, hitting its lowest intraday level since mid-March, with Taiwan’s Taiex plummeting 4.2% and officially entering correction territory.
Investors across the globe pulled back ahead of the April 2 tariff deadline and a week packed with key U.S. economic data, including Friday’s jobs report. Strategists from Brown Brothers Harriman expect strong U.S. data to lift the dollar and continue pressuring emerging-market currencies.
Despite this week’s volatility, emerging-market assets are on track to post quarterly gains, aided by a softer dollar and hopes of a slowing U.S. economy. Meanwhile, South Africa’s rand rose on signs of a potential budget agreement, and Thai officials reassured investors of economic stability following a damaging earthquake in Myanmar.
Finsum: Without a roll back in tariffs, emerging markets are going to be difficult to navigate in the coming months.
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Bitcoin climbed over 2% on Friday to $83,959, outperforming equities after China announced retaliatory tariffs against U.S. goods. While most major cryptocurrencies like Solana and Dogecoin also gained around 6%, crypto-related stocks such as Coinbase fell, though MicroStrategy rose nearly 4%.
Analysts suggest the decentralized nature of crypto may insulate it from geopolitical shocks, potentially attracting capital away from traditional markets.
Investors reacted sharply to escalating trade tensions, with China’s 34% levy mirroring Trump’s earlier tariff hike, further pressuring U.S. markets. Despite recent volatility, bitcoin has held steady in the $80,000–$90,000 range, showing resilience compared to stocks.
Finsum: As global trade realigns and dollar reliance weakens, bitcoin is increasingly seen as both a liquidity source and a hedge against uncertainty.
Financial advisors juggle many roles, but more than anything, they’re seeking balance in their businesses. At LPL’s Advisor Summit, over half of top advisors defined success not by earnings or impact, but by achieving that elusive balance.
Creating a detailed and regularly updated business plan—including a succession strategy—can help streamline operations and uncover growth opportunities. Advisors can also build a more balanced and sustainable business by cultivating a strong internal culture and investing in their team’s development.
Periodically “right-sizing” the client book ensures time and energy are focused on clients who align with the advisor’s vision and service model.
Finsum: Taken together, these steps free up resources to focus on what matters most: delivering exceptional service to clients.
In a high-inflation environment, variable annuities offer a unique blend of investment growth and guaranteed income, making them an attractive option for certain retirees. Unlike fixed annuities, their value rises and falls with market performance, allowing for inflation-beating potential over time.
They also provide tax-deferred growth and the option to convert savings into a predictable income stream that can last for life. Optional riders can offer added benefits like long-term care coverage or income guarantees, though these come with additional fees.
However, high costs, market risk, and limited liquidity make them unsuitable for all investors.
Finsum: For those who’ve maxed out other retirement vehicles and can tolerate some risk, variable annuities may help protect purchasing power while delivering steady income.