David Bodamer

2 weeks ago | wealthmanagement.com | David Bodamer

Eaglebrook Advisors' Kristen Mirabella details how crypto's role in wealth management has evolved. In this episode of the Wealth Management Invest Podcast, host David Bodamer talks with Kristen Mirabella, head of partnerships at Eaglebrook Advisors, about the evolving role of cryptocurrency in wealth management. Eaglebrook is a digital asset platform that allows advisors to invest directly in crypto through separately managed accounts.

2 weeks ago | wealthmanagement.com | David Bodamer

The RIA platform rolled out the program in November for advisors who had been independently constructing portfolios and wanted to outsource trading and investment management. In November, Dynasty Financial Partners, the St. Petersburg, Fla.-based support platform for registered investment advisors, rolled out Model Select, a model portfolio program for its network of independent advisors.

3 weeks ago | wealthmanagement.com | David Bodamer

The firm’s annual fund fee study found average fees dropped only 2 basis points in 2024. The long-term trend of declining fund fees hit a plateau in 2024, with the asset-weighted average fund fee dropping just two basis points, according to Morningstar’s 2024 Fund Fee Study. Still, that drop amounted to a $5.9 billion in savings for investors. Cumulatively, between 2005 and 2024, the asset-weighted average fund fee has dropped from 0.83% to 0.34%, according to the study.

3 weeks ago | wealthmanagement.com | David Bodamer

In addition, Citi will use iCapital’s platform going forward to manage its alternative investments. Alternative investments fintech iCapital has agreed to acquire Citi Global Alternatives, an indirect subsidiary of Citi. Citi Global Alternatives manages over 180 alternatives funds around the world. It uses a feeder fund model to provide access to private equity, growth equity, private credit, infrastructure, venture capital, real estate and hedge funds.

4 weeks ago | wealthmanagement.com | Alex Ortolani |David Bodamer

Several wealth managers announced hires for key positions, including multi-family offices Parcion and Nordwand. Cetera Names Former Equitable Exec to Lead Indie Business DivisionCetera Financial Group has named John Lefferts as the head of its supported independence division, which encompasses more than 40 offices. Lefferts will take over as head of Cetera Investors after about six years at Equitable Advisors, most recently as managing director and national head of business development.