By Asset Allocator Journal Staff
The Financial Times reports that JPMorgan Asset Management has warned of a potential mispricing in global stock markets due to investors underestimating inflation persistence and overconfidence in central bank rate cuts. Investment chief John Bilton emphasized that inflation risks remain embedded, and markets are pricing in a “perfect outcome.”
According to WealthManagement.com, the $12 billion hybrid RIA AmeriFlex Group has transitioned its broker-dealer affiliation from Grove Point Financial to Cambridge Investment Research. AmeriFlex cited Cambridge’s advisor-centric model and expanded service offerings as key reasons for the move.
Per Advisor Perspectives, the Senate’s proposed tax bill would include higher thresholds for the estate tax and reduced capital gains taxes, diverging significantly from the House’s version. The proposal also includes expanded retirement account contributions and incentives for small business investment. Analysts note the divergence may delay reconciliation and final passage.
Business Matters notes that UK Export Finance has launched new tools to assist SMEs in accessing international markets, including a digitized platform and enhanced outreach initiatives. The goal is to simplify applications and widen access to credit insurance and working capital support. The effort is part of a broader strategy to boost UK export volumes amid a competitive global landscape.
Per Advisor Perspectives, Gulf conflicts, including recent escalations involving Israel, Iran, and Saudi Arabia, have introduced volatility in oil markets, impacting global equities. The commentary notes that heightened geopolitical risks could disrupt energy supplies, affecting portfolio allocations. Wealth managers are advised to monitor these developments closely due to potential inflationary pressure.
In another report from Business Matters, Espria warns that UK SMEs must bolster cybersecurity in response to escalating geopolitical threats. The firm cites increasing instances of ransomware and data breaches and recommends multi-layered security strategies. Espria also encourages businesses to train staff and adopt cyber insurance policies.
Advisor Perspectives highlights that ETFs function in both primary and secondary markets, with the former involving the creation and redemption of shares through authorized participants and the latter encompassing public trading on exchanges. The distinction impacts liquidity, pricing, and tax efficiency. Investors often conflate the two, leading to misinformed trading decisions. Understanding these dynamics is critical for efficient ETF use.
WealthManagement.com reports that Catchlight, a Fidelity Labs-backed company, has introduced Quinn, an AI assistant for advisors. Quinn uses publicly available data and behavioral patterns to help advisors identify when clients are most receptive to outreach. The company describes Quinn as a significant advancement in advisor technology.
