Wealth Management

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.

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