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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
  • 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
  • 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)
  • 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. 
  • 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.

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