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10 Weekend Reads

Barry Ritholtz

Washington Post ) • The Myth of the Great Boomer Wealth Transfer : So when is this Great Wealth Transfer going to happen? The creator economy, as it’s known, is now a global industry valued at $250 billion, with tens of millions of workers, hundreds of millions of customers and its own trade association and work-credentialing programs.

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10 Tuesday AM Reads

Barry Ritholtz

The Big Picture ) • Most Americans are better off financially now than before the pandemic : Jobs, paychecks, spending, wealth, and financial security have made big gains, which offset the burden of higher inflation. This is before we get to the issue of capital gains tax’ hurdle of 20% on those pesky profits. (

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Cyber Threats To Client Wealth And Well-Being: Why And How Wealth Managers Will Soon Play A Key Role In Managing These Risks

Nerd's Eye View

when tagged online pictures can be used to identify an individual’s location). But when taking into account the ubiquity of cyberthreats and the recognition by clients of potential cyber risks, offering these services to advisory clients further down the wealth spectrum can be an important value-add for advisors to implement.

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10 Monday AM Reads

Barry Ritholtz

Barron’s ) • Why It’s So Hard for China to Shake the ‘Uninvestable’ Tag : In 2021, Goldman Sachs said the word was starting to feature in a number of client conversations about the country’s stocks. A Wealth of Common Sense ) • On Wall St., Venture-capital investments are plunging, along with valuations of prepublic companies.

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MiB: Women in Finance

Barry Ritholtz

economist at Morgan Stanley August 19, 2017 Dana Telsey of TAG Retail Group January 7, 2017 Bethany McLean on Enron and Wall Street’s PR Machine March 22, 2016 J.P. economist at Morgan Stanley August 19, 2017 Dana Telsey of TAG Retail Group January 7, 2017 Bethany McLean on Enron and Wall Street’s PR Machine March 22, 2016 J.P.

Finance 61
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A Corporate Finance Approach To High-Net-Worth Individuals

PYMNTS

Data from Wealth-X ‘s World Ultra Wealth Report 2018 found that the number of ultra high-net-worth individuals increased by nearly 13 percent in 2017, with combined wealth jumping more than 16 percent to a combined $31.5 “There is a specific need for these families,” she told PYMNTS in a recent interview.

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LendingClub and Morgan Stanley, A Tale of Two Bank Deals

PYMNTS

The stories come with significantly different price tags: $185 million and $13 billion. The report cited a memo by wealth management executive Andy Saperstein, stating that there will be reach across “all client segments, across all advice and service preferences, at scale. Call it a tale of two bank deals.

Banking 97