NREI Feed

The fiduciary overseeing the money is invoking the slayer statute.

Be prepared for “sudden wealth syndrome.”

It’s not just financial, it’s emotional.

For his entire life, Max Kulyk felt like he was “in between” genders. But about eight months ago, at the age of 64, he fully transitioned to male, allowing him to be his authentic self for the first time.

Kestra Financial President John Amore took more than a year to find his replacement—someone who could oversee investment, planning and advice while also “moving the ball forward.”

In a lawsuit, Elizabeth Hobson claims the wirehouse disclosed her confidential address, took away client relationships, and subjected her to investigations after she reported discrimination from her managers.

Offerings up to $5 million would be exempted for four years and offerings up to $75 million would be exempt for 12 months.

Invesco's upgraded investment strategies platform now combines public and private market investments and passive and active strategies.

MAI Capital gets a footprint in Atlanta and expands in California a few months after selling a majority ownership stake to the Carlyle Group.

Also, PGIM snags a defined contribution head from Franklin Templeton; City National Bank hires two senior leaders for its private bank and wealth division; and Glenmede brings on a relationship manager and wealth advisor.

Charles Schwab is looking to hire a director to lead the firm’s long-short SMA platform. Morgan Stanley has beefed up its UMA program to allow a wider variety of assets, including some private market funds. These are among the investment must reads for financial advisors this week.

XA Investments projects growth above 20% annually for 3(c)(7) funds and operating companies.

Despite thousands of ETFs vying for attention, most struggle to reach scale because they fail to build credibility with advisors and investors before launch.

Indexing’s advantage is not merely lower fees. It is also behavior.

According to the DOJ and SEC, Leor Moshe stole over $11 million for personal expenses, including gambling and cryptocurrency, while running a Ponzi scheme through his firm.

For those whose fortunes are tied up in illiquid assets, U.S. Rep. Mo Khanna suggested the government could provide loans in exchange for shares.

Don’t be a generalist, be specific.

Separately managed accounts are projected to reach $3.6 trillion in 2026 as advisors shift toward personalized portfolios and tax-efficient strategies.

Drive Planning CEO Todd Burkhalter spent investor funds on yachts, luxury vehicles and private jets while operating what prosecutors called the largest Ponzi scheme in Georgia state history.

Insider Ownership Index’s Haren Bhakta details how he built the passive index that weights companies by insider ownership.