Category: Private Wealth
Wealth Management INVEST: Assessing Active ETFs, Live from the Morningstar Investor Conference with Jack Shannon

Wealth Management INVEST: Assessing Active ETFs, Live from the Morningstar Investor Conference with Jack Shannon

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David Bodamer speaks with Jack Shannon, a senior analyst on Morningstar’s manager research team, in an episode recorded in front of a live audience at the Morningstar Investor Conference. They delve into the distinctions between active and passive ETFs, highlighting the nuances in their management and trading and whether active ETFs deliver on their premises. 

Listen in as David and Jack highlight:

  • The increasing growth of active ETFs, with active launches accounting for a growing percentage of ETF product development
  • Assessment of the performance of active ETFs to date
  • The potential for active ETFs to cannibalize mutual fund assets
  • The turnover rates of active ETFs, with many new launches often closing within a few years due to fad chasing or lack of compelling investment strategies
  • What other research Shannon is working on for the rest of the year
  • And more

Overall, the episode provides an insightful look into the evolving landscape of active ETFs and their place in the broader investment market.

Resources:

 

Connect With David Bodamer:

Connect With Jack Shannon:

About Our Guest:

Jack Shannon is a senior manager research analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He focuses on actively managed equity strategies and is the lead analyst for MFS and Artisan Partners, among other firms.

Prior to joining Morningstar in 2020, Shannon worked in commercial banking and was a consultant providing subject matter expertise on complex financial litigation. Shannon holds a bachelor’s degree in economics and history from James Madison University. He also holds a Master of Business Administration in investments and corporate finance from the University of Notre Dame’s Mendoza College of Business.
Wealth Management INVEST: Investing in Private Markets with a Fiduciary-First Approach

Wealth Management INVEST: Investing in Private Markets with a Fiduciary-First Approach

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WealthManagement.com’s David Bodamer speaks with Jake Miller, Co-Founder and Chief Solutions Officer at Opto Investments, about the evolving landscape of private markets and how RIAs can leverage new strategies to benefit their clients. They touch on the opportunities and challenges within private equity, private credit, infrastructure, and real estate, as well as Opto’s recent partnership with Mercer Advisors.

Jake discusses:

  • The development and goals of Opto Investments and their role in the burgeoning market of private investments for the wealth channel
  • Details about the recent partnership with Mercer Advisors and the opportunities Mercer is bringing to its qualified purchaser clients developed with Opto. 
  • Insights on the current state and future trends within private investments
  • The importance of a fiduciary-first approach in managing private markets
  • And more

Connect With David Bodamer:

Connect With Jacob (Jake) Miller:

About Our Guest:

Jacob (Jake) Miller is the Co-Founder and Chief Solutions Chief Solutions Officer at Opto Investments. Prior to helping found Opto, Jacob was at Bridgewater Associates. He has a passion for sensible long-term investing, systematizing investment processes, and distilling complex market dynamics into clear, logical linkages that help people better understand their investments. 

Jacob has been managing money for family and friends since he was 16 and is a certified market junkie. While he has a background in macroeconomics and high-yield debt, he finds the challenges and opportunities in the private markets space far more interesting and important, both for investors and society.
Wealth Management INVEST: Wealth Enhancement Group’s Approach to Private Investments

Wealth Management INVEST: Wealth Enhancement Group’s Approach to Private Investments

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WealthManagement.com’s David Bodamer sits down with Doug Huber, Vice President of Investment Strategy at Wealth Enhancement Group, to delve into how the RIA approaches private market strategies amid the ongoing evolution of alternative investments. 

Doug focuses on:

  • What is the trend of democratization in alternative investments and increased investor access
  • How education plays a crucial role in understanding and leveraging alternative assets
  • The importance for RIAs of undertaking due diligence and manager selection in navigating private markets
  • Strategies that can be employed for portfolio diversification and achieving various investment objectives through alternatives
  • And more

Connect With Doug Huber:

Connect With David Bodamer:

About Our Guest:

Doug is responsible for the firm’s external manager research across both traditional and alternative investment strategies. He joined Wealth Enhancement Group in 2021 through the North American Management merger. Prior to joining North American Management, he was a Senior Research Analyst at Federal Street Advisors, where he led the alternative investment program. A golf fanatic, Doug lives in Lincoln, MA with his wife.
WealthManagement INVEST: Bridging the Gap in Fixed Income Opportunities

WealthManagement INVEST: Bridging the Gap in Fixed Income Opportunities

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Listen in as David Bodamer sits down with Karen Veraa, Head of iShares US Fixed Income Strategy, to discuss fixed-income ETFs. Karen shares insight on navigating the current market complexities, from managing inflation impacts to exploring strategic investment avenues.

Karen focuses on:

  • The current state and future prospects of fixed-income markets
  • Insights into fixed-income ETFs and their role in today’s investment strategies
  • The concept of bond laddering and its benefits for investors
  • Navigating market expectations and the role of the Federal Reserve
  • And more

Connect With Karen Veraa:

Connect With David Bodamer:

About Our Guest:

Karen Veraa, CFA, is a Fixed Income Product Strategist within BlackRock’s Global Fixed Income Group focusing on iShares fixed income ETFs. She concentrates on supporting iShares clients, generating content on fixed income markets and ETFs, developing new fixed income iShares ETF strategies, and partnering with the iShares team on product delivery. She writes about fixed income ETFs and trends in that sector.

The majority of Lawrence’s career has focused on the meeting point of finance and technology. At Goldman, Sachs & Co., where he worked for 17 years, he was a partner & managing director, most recently serving as the co-head of the Global Technology Banking Group (part of the Investment Banking Division), focusing on all aspects of technology including the internet & e-commerce, software, services & hardware. He has also worked as director of various digital & e-commerce businesses, as well as a series of acquisition vehicles.
WealthManagement INVEST: Trends and Innovations in Alternative Investments

WealthManagement INVEST: Trends and Innovations in Alternative Investments

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Listen in as David Bodamer sits down with Lawrence Calcano, Chairman and CEO of iCapital, to explore the world of alternative investments and their role in modern portfolio strategies. They unravel the complexities of the alt space, examine recent developments at iCapital, and discuss how advisors are integrating these assets into their offerings for a more diversified investment approach.

Lawrence focuses on:

  • The importance of education in the early adoption phase of alternative investments.
  • How alternatives can enhance portfolio diversification and performance.
  • How innovative fund structures make alternative investments more accessible.
  • The role of technology in simplifying the investment process in alternative assets.
  • And more

Connect With Lawrence Calcano:

Connect With David Bodamer:

About Our Guest:

Lawrence is the Chairman and CEO of iCapital. He began advising and working with iCapital shortly after its 2013 founding, leading key strategic and business development initiatives, before joining full-time as CEO in early 2014. Since then, he has led the rapid growth – both organic and through acquisition – of iCapital, building it into a leading global Fintech company.

The majority of Lawrence’s career has focused on the meeting point of finance and technology. At Goldman, Sachs & Co., where he worked for 17 years, he was a partner & managing director, most recently serving as the co-head of the Global Technology Banking Group (part of the Investment Banking Division), focusing on all aspects of technology including the internet & e-commerce, software, services & hardware. He has also worked as director of various digital & e-commerce businesses, as well as a series of acquisition vehicles.
Wealth Management INVEST: Exploring Private Market Strategies with Tony Davidow

Wealth Management INVEST: Exploring Private Market Strategies with Tony Davidow

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WealthManagement.com’s David Bodamer is joined by Tony Davidow, Senior Alternatives Investment Strategist with Franklin Templeton Institute.  With over 35 years in the industry, Tony shares insights on the increasing accessibility of alternative strategies and the role of private credit, private equity, and real estate in diversified portfolios. He emphasizes the importance of education for advisors in alternative investments, the need for operational efficiency, and working with institutional quality managers to navigate this complex yet rewarding investment space.

Tony focuses on:

  • How interval and tender offer funds have revolutionized access to alternative investments for a broader range of investors
  • The significance of diversification in the 60/40 portfolio strategy and the need for alternative investments in today’s market environment
  • How private equity, private credit, and private real estate hedge against market risks and provide enhanced portfolio diversification
  • Why the institutional quality of asset managers is crucial in ensuring successful investments in alternative asset classes
  • And more

Connect With Tony Davidow:

Connect With David Bodamer:

About Our Guest:

As an investment strategist for the Franklin Templeton Institute, Tony Davidow is responsible for developing and delivering the Franklin Templeton Institute’s insights on the use of alternative investments through independent research, participating in industry conferences, and webinars, and engaging directly with key partners and clients. Prior to his current role, Mr. Davidow held senior leadership roles with Morgan Stanley, Guggenheim and Schwab among other firms. Davidow began his career working for a New York-based Family Office and has worked directly with many institutions and ultra-high-net-worth families over the years. He is a frequent writer and speaker with deep expertise in the use of alternative investments, asset allocation, and portfolio construction, as well as goals-based investing. 

Mr. Davidow received the prestigious Investments & Wealth Institute Wealth Management Impact Award in 2020 for his contributions to the wealth management industry; and was awarded the Stephen L. Kessler writing award in 2017, and honorable distinction in 2015.

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Wealth Management INVEST: How Can Alternative Investments Benefit Portfolios

Wealth Management INVEST: How Can Alternative Investments Benefit Portfolios

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WealthManagement.com’s David Bodamer sits down with Aaron Filbeck, who leads UniFi by CAIA, to delve into how the CAIA association contributes to the education surrounding alternative investments. They explore the recent overhaul of the CAIA’s core program, designed to equip industry experts with a thorough grasp of alternative investment approaches and their role in asset allocation. 

Aaron focuses on:

  • How CAIA is adapting courses for modern evolution within the financial space
  • What obstacles did CAIA face in developing its new courses
  • How has the accessibility of alternative strategies and asset types been influenced by other factors
  • What is the overarching mission of CAIA in terms of providing education and aiding individuals in making informed portfolio decisions
  • And more

Connect With Aaron Filbeck:

Connect With David Bodamer:

About Our Guest:

Aaron Filbeck, CAIA, CFA, CFP®, CIPM, FDP oversees UniFi by CAIA™, a learning platform dedicated to educating the private wealth management industry on alternative investments. He was previously responsible for leading and implementing the CAIA Association’s content agenda, thought leadership initiatives, and content development for the CAIA Charter Program.
Wealth Management INVEST: How Private Markets Are Becoming More Accessible

Wealth Management INVEST: How Private Markets Are Becoming More Accessible

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Innovations in product development have increased access to private markets for financial advisors and their clients. Steve Brennan, managing director and head of Private Wealth Solutions at Hamilton Lane, joined David Bodamer to discuss the state of private investments and Hamilton Lane’s path to developing private wealth strategies. 

Steve focuses on:

  • The benefits of private market investing and the evolution of the space
  • How private assets affect portfolio diversification 
  • Why asset managers, including Hamilton Lane, are focusing on education to help advisors navigate private investment strategies
  • And more

Connect With Steve Brennan:

Connect With David Bodamer:

About Our Guest:

Steve is a Managing Director and Head of Private Wealth Solutions at Hamilton Lane, leading the firm’s efforts to provide both evergreen and traditional private markets solutions to the growing Private Wealth channel. In this capacity, he sets the strategic direction and oversees all aspects of the Private Wealth Solutions business.