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The Skim for Financial Advisors & Investment Professionals
September 2019
Missed the August Issue? Read Now
  • If you didn't know already "The new reigning king of financial memes is @litquidity on Instagram."
  • Ted Richards on Twitter describes the WeWork IPO timeline flawlessly (See Tweet)
  • Bitcoin volatility drops to lowest since May 2019, fluctuating mostly between $10,000 and $11,000 as the hype fades $BTC
RIAs
  • Number of RIAs hit Record High: The number of SEC-registered investment advisors is at a record high of 12,993, up 3.3% from 2018, with these firms serving more than 43 million clients and overseeing $83.7 trillion in assets. 
  • 148 RIA firms managing over $100 billion account for nearly 60% of industry assets. (Read more on Barron's
ETFs
  • In 2016, 22% of portfolios globally were allocated to ETFs. This figure is expected to nearly double to 39% by 2022, according to the latest survey by JP Morgan Asset Management
  • The average portfolio allocation to ETFs today is 27%, five percentage points higher than what it was three years ago. (Read more on ETF Stream)
  • VanEck’s Bitcoin Trust Flops With Only 4 BTC Under Management (Read more on CCN Markets)
FinTech
  • The Next Schwab? Altruist – a new digital, commission-free custodian for RIAs – will save advisors up to 90% on technology and custody costs, says founder Jason Wenk. “Our goal is for everyone to really pay almost nothing.” (Read more on RIA Intel
  • "Jack Dorsey's Square Is Testing a New Free Stock-Trading Service" (Read more on Bloomberg) Square would be competing against Robinhood that has approximately 4 million users versus Square's 15 million monthly active users. 
Crypto
  • China says new digital currency will be similar to Facebook's Libra (Read more on Reuters)
  • Facebook's cryptocurrency Libra needs ‘highest regulatory standards,' Fed Chair Powell says (Read more on Fox Business
  • Binance Acquires Derivatives Specialist JEX: The crypto exchange has been at the forefront of the burgeoning market for digital asset derivatives (oohh sounds toxic). 
Read Past Issues of The Digital Wealth Planner
Have a great week,

Timothy Hooker, AIF® 
Founder of the Digital Wealth Planner

     
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Copyright © 2018  The Digital Wealth Planner, an independent publication by Hooker Digital LLC.

All rights reserved. Hooker Digital LLC is not a registered investment advisor and does not provide investment advice. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from the publisher. Information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. The opinions expressed herein are those of the publisher and are subject to change without notice. It may become outdated and there is no obligation to update any such information. Hooker Digital LLC is committed to protecting and respecting your privacy. We do not rent or share your email address. Any investment ideas, theories, or trends shared in this letter should not be taken as personal advice or advice for your clients. The securities mentioned are not recommendations to buy, sell or trade, please consult with your individual investment advisor and only after reviewing the prospectus or financial statements of the company should you make a decision. The Digital Wealth Planner does NOT receive payments for sharing articles or links, nor does it receive commissions or incentives for the media published. Hooker Digital LLC is an independent media company providing journalistic insights and objective perspectives for financial advisors and investment professionals.  

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