In light of COVID-19, high-net-worth (HNW) advisers are relying on asset management partners more heavily for strategic solutions and capital markets guidance, according to the latest Cerulli Edge-U.S. Asset and Wealth Management Edition.
According to surveyed HNW practices, access to portfolio managers/product specialists (57%), economic/market commentary (46%), and portfolio construction tools (44%) rank among the most valuable resources that asset managers provide, according to Cerulli Associates.
What’s more, Cerulli Associates noted that advisers are proactively approaching asset managers for capital markets insights, innovative products, and portfolio construction support. Read more…..
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Warren Buffett gives excellent advice on how to invest in the stock market in 2021. Topics include buying stocks at all time highs, buying Bitcoin and are bonds a good investment right now?