The subject of true wealth building is a fairly simple idea that many people would love to read about. Better yet, most researchers find that beyond reading about the subject, even more people would dearly love to master that ability. Yet, I keep asking myself if there actually was a secret to their accumulating so much wealth when so many fail so miserably. It may be because I tend to see true wealth from a different perspective. My cultural background and upbringing may have a lot to do with it. You see, I view wealth building as an overall human condition of satisfaction. I consider a healthy and happy family a cornerstone of wealth. Money in the bank is only a representation of value. Value is what satisfaction one can get from all that money. Now, the main reason for my sudden despair was because I asked many questions of people about this subject without due preparation. I took a casual survey and talked to as many people as possible and I was shocked when they typically decried its impossibility. Being a billionaire is only a pipe dream. The life of the billionaires is simply unachievable. I was not prepared for the sarcasm that most certainly being slung at me and the snide remarks was no doubt also obviously very stingingly present.
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RIA Roundup: Manhattan West Exceeds $1B in Assets with Private Wealth Recruits
Aspiriant, Key Private Bank and Merrill Lynch lost advisors to Manhattan West and Steward Partners in moves announced this week, while F.L.Putnam expanded in Maine. from Wealth Management https://ift.tt/x3Ev8Mu
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A Feud is Brewing Over Dianne Feinstein’s Husband’s Estate
The long-tenured senator's daughter has filed two separate lawsuits on her behalf. from Wealth Management https://ift.tt/8VfD0su
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Why Innovators Pounce When Growth Slows
Wealth management is still a growth industry. We’ll never have enough advisors to serve every potential client. So when organic growth hits a wall, it’s exciting to watch the industry’s hungriest, most inventive leaders find a way over it. Instead of hunkering down, they’re busy seizing new opportunities. Here’s how to do the same. from Wealth Management https://ift.tt/tG9HJUD
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TIFIN Launches TIFIN.AI Platform
J.P. Morgan's latest investment in the startup incubator is fueling the firm's next round of technology tools for advisors, fueled by artificial intelligence. from Wealth Management https://ift.tt/rd0g87k
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Why the Power of Live Events is Undeniable
The wealth management industry has been transformed with the advent of remote and hybrid work. from Wealth Management https://ift.tt/Q2p3nXU
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LPL Reports Record Recruiting Quarter on Heels of B/D Acquisition
Following the announcement of its acquisition of Crown Capital Securities, LPL said it added $19 billion in recruited assets and 421 net new advisors during the second quarter. from Wealth Management https://ift.tt/SuYerdD
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DOJ Charges Advisors Who Sued Trump Attorney With $5M Fraud
Adam and Daniel Kaplan were charged with wire and investment fraud and money laundering for misappropriating at least $5 million from dozens of clients, many of whom were elderly or disabled. from Wealth Management https://ift.tt/QmZRC28
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13 Must Reads for Real Estate Investors (July 28, 2023)
Google may be at the end of reducing its real estate footprint, reports CoStar. Non-Traded REIT fundraising rebounded to $597 million in June, according to Robert A Stanger & Co. These are among the must reads from around the real estate investment world to end the week. from Wealth Management https://ift.tt/8NkvEr5
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No Tax Due on Transfer of Assets Between Private Foundations
Private letter ruling examines how to effectively consolidate through a Section 507(b)(2) transfer. from Wealth Management https://ift.tt/ew2ud57
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As Rates Rise, Consider Fixed Income that Floats
How floating rate direct loans have thrived in past periods of rising interest rates and market volatility. from Wealth Management https://ift.tt/1OgI0PT
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As the Opportunity Zone Program Nears Its End, Real Estate Pros Eye an Extension
Any renewals of the Opportunity Zone program would have to be enacted by a divided Congress, but real estate industry experts are cautiously optimistic. from Wealth Management https://ift.tt/Ocxsdkw
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A Can't Miss Way to Build COI Relationships
It’s based on the idea that you should be current in all areas of your clients’ financial lives, not just their investments. from Wealth Management https://ift.tt/Icl4eQ8
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Integrated Technology Solutions That Drive Efficiency and Profitability
Gain insight into harnessing integrated technology solutions that streamline back-office operations, deliver personalized insights and attract and retain clients. from Wealth Management https://ift.tt/0gO6SGc
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Florida’s Flood of New Wealth Boosts High-Speed Train Bonds
Municipal securities issued for Brightline, the privately-run passenger rail company, have returned as much as about 20% this year, far out pacing a 5.5% gain for high-yield municipal bonds. from Wealth Management https://ift.tt/bsPpxX8
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Mindy Diamond on Independence: A Former Merrill Lifer on Why Even Long-Tenured Advisors Can Benefit From Breaking Away
As a former Merrill ACTM chairperson, Andy Ferguson had an acute view of the changes taking place at the firm. He shares how that influenced his decision to opt for independence over Merrill’s retire-in-place program. from Wealth Management https://ift.tt/K8PCns6
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Amid Rising Rates, Advisors Look for More From Their Income Investments
Advisors are taking a close look at their portfolios given the current market and economic conditions. from Wealth Management https://ift.tt/7jkxowX
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ETFs with the Worst One-Year Returns
Cannabis ETFs were among those posting the worst returns over the last year. from Wealth Management https://ift.tt/wed15uV
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