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Episode Summary D.C. expert and policy wonk Mark Schoeff Jr. joins Bruce and Jeff to discuss the details of Biden’s three big initiatives so far, The American Rescue, Jobs, and Families plans. The trio debate the merits of spending trillions to help Americans, and the tax ramifications. Nico Marais, CEO of Wells Fargo Asset Management, also joins to share his vision for the firm as it embarks in a new direction post-purchase by private equity. Episode Notes Biden tax plans and the ensuing adviser/client obsession around planning Financial advisers’ take on the plans A sign of changing dem...

Celebrating financial literacy efforts More people participating in wealth management is a positive for the markets. But blindly following bad advice opens up the dark side of investing. April 12, 2021 The GameStop fiasco brought that to the fore. The rise and fall of the stock in recent months reminded me of the battles that erupted around the advent of “Mad Money.” I bore witness to the explosion of Jim Cramer’s “Mad Money” on to the investing scene. The show straddled the line between game and clinic, and while most attention was paid to the games and the booyahs, there were less...

Preparing for higher taxes Tax-related advice is one of the few areas where advisory expertise so clearly and quickly shows its worth. April 12, 2021 2 MINS The threat of higher rates for the nation’s more affluent taxpayers is weighing heavily on the minds of advisers and their clients. As Mark Schoeff Jr. recently reported, preparation for what now seems more of an inevitability than a probability has become a top priority of advisers.  Tax considerations always have been a driver of investment decisions, especially at times when government policies regarding the ta...

All things tech Among the many things made plain in 2020 was that tech is not just prominent, it is essential, and a keen grasp of technology is essential to the next stage of the market. February 22, 2021 Fintech’s prominent place in the advisory world was known in 2019, but among the many things made plain in 2020 was that tech is not just prominent, it is essential, and a keen grasp of technology is essential to the next stage of the market. The sector has always been keyed in on by IN, but we have leaned further into it this year, launching our new Fintech for Advisers site, the TechSTA...