Asset Management Minus the Clients

Posted by

I have a piece up today at the Wall Street Journal looking at two industry trends running on parallel tracks…

Yesterday the news broke that legendary hedge fund manager George Soros was through with running money for other people.  He’s decided to avert the coming Dodd-Frank registration rules by becoming a $25 billion family office (that’s some family!).

George Soros is following a long and growing train of managers like Steve Cohen and Soros’s own former Number 2 Stanley Druckenmiller in returning outside money and circling the wagons.  While the given reason was that he simply didn’t wish to comply with a new raft of rules and regs, one can’t help but notice the parallel between this and another burgeoning trend in wealth management: The adviser-managed ETF.

Read the rest:

Life After ‘Other People’s Money’ (WSJ)

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. blazing trader review 2020 commented on Sep 19

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2011/07/27/asset-management-minus-the-clients/ […]

  2. immediate edge commented on Sep 25

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2011/07/27/asset-management-minus-the-clients/ […]

  3. bnb linea gratuita commented on Sep 30

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2011/07/27/asset-management-minus-the-clients/ […]

  4. 토토 commented on Oct 06

    … [Trackback]

    […] Read More Information here to that Topic: thereformedbroker.com/2011/07/27/asset-management-minus-the-clients/ […]

  5. 7lab pharma products commented on Nov 13

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2011/07/27/asset-management-minus-the-clients/ […]

  6. online reputation management agency commented on Nov 23

    … [Trackback]

    […] Read More Info here to that Topic: thereformedbroker.com/2011/07/27/asset-management-minus-the-clients/ […]

  7. regression testing commented on Dec 18

    … [Trackback]

    […] Find More Info here on that Topic: thereformedbroker.com/2011/07/27/asset-management-minus-the-clients/ […]

  8. 토토 commented on Dec 24

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2011/07/27/asset-management-minus-the-clients/ […]

HowIInvestMyMoney