Switching to a new broker-dealer is a pivotal decision for financial advisors, impacting both their practice and long-term growth. Many advisors consider changing broker-dealers when their current firm no longer aligns with their goals or business model. 

Key factors to evaluate include payout structures, which balance competitive earnings with robust support services, and the technology suite offered for streamlining operations and client engagement. 

Advisors should also assess portfolio management flexibility, ensuring alignment with their investment strategies, and compliance support to navigate regulatory requirements. Transition resources, such as a dedicated team to assist with onboarding, can help minimize disruptions during the switch. 

Finsum:  Don’t forget cultural alignment and long-term growth opportunities in the transition.

Actively managed ETFs combine the flexibility of active management with the tax efficiency of ETFs, making them a compelling option for taxable portfolios. Unlike mutual funds, ETFs often use in-kind redemptions to minimize taxable capital gains, helping investors defer taxes and achieve greater compounded returns over time. 

While tax efficiency is a significant advantage, investors should also evaluate the manager’s skill, market opportunities, and the cost-effectiveness of these strategies when selecting active ETFs. 

Incorporating active ETFs into a portfolio can be a strategic way to balance the potential for alpha with reduced tax drag, particularly in equity strategies where minimizing distributions is key. 

Finsum: A thoughtful approach to selecting active ETFs can enhance after-tax returns and align portfolios with long-term investment goals.

Value investing has long been a cornerstone strategy for successful investors, offering opportunities to buy undervalued stocks poised for long-term growth. While value stocks lagged behind growth stocks during the era of low interest rates, they staged a notable comeback in 2022 before once again underperforming in 2023. 

For those seeking to capitalize on value opportunities, ETFs like Vanguard Value ETF (VTV) or iShares Russell 1000 Value ETF (IWD) offer broad exposure to undervalued companies at a low cost. Smaller-cap-focused options, such as the Vanguard Small-Cap Value ETF (VBR), provide diversification with higher growth potential. 

ETFs focused on high dividends, like the Fidelity High Dividend ETF (FDVV), also combine value strategies with consistent income streams. 

Finsum: Investing in value ETFs, you can diversify your portfolio and tap into opportunities across industries without extensive research required.

In 2025, monetizing your hobbies can lead to both personal fulfillment and financial success. Many Millennials find passion-driven side hustles particularly rewarding. 

• If you’re a collector, for example, curating rare or vintage items and selling them on platforms like Etsy or eBay can be lucrative, especially when coupled with content creation to engage potential buyers. 
• Travel enthusiasts can turn their adventures into income by sharing travel blogs, selling breathtaking photos, or offering bespoke travel planning services. 
• Similarly, artistic pursuits provide endless opportunities, such as selling digital art, creating craft subscription boxes, or offering tutorials and courses online. 

By focusing on a niche that excites you and aligns with market demand, you can craft a career that combines passion and purpose. 

Finsum: While hobbies can just be hobbies, finding ways that they can remain more revenue neutral can make indulging in them much easier. 

Strive Asset Management has launched direct indexing services on Fidelity and Schwab platforms, reaching a broad retail audience. These services emphasize daily tax-loss harvesting and pro-shareholder governance, avoiding ESG or DEI constraints. 

Powered by Vestmark’s VAST technology, the initiative aligns with Strive’s anti-ESG philosophy, aiming to deliver superior financial outcomes for clients. CEO Matt Cole highlighted the unique value of Strive’s approach, citing frequent drawdowns in large-cap equities that offer tax-harvesting opportunities. 

Founded in 2022 by Vivek Ramaswamy, now a key figure in President-elect Trump’s administration, Strive manages $1.7 billion in assets. Its ETFs focus purely on financial returns, contrasting with ESG-oriented funds by voting against ESG shareholder proposals.

Finsum: ESG and DEI oriented funds will have an uphill battle against the trump administration.