Michael Lane’s Post

I'm excited to announce that on April 19th, I'll be participating in a panel session at The Changing Landscape of Wealth Management Conference, hosted by the Texas McCombs School of Business. This conference will bring together leading experts from both academia and the wealth management industry to explore the complex changes and emerging trends shaping the future of wealth management. The panel session will be moderated by Dave Specht, Director of Drucker School of Management, and I'll be joined by Russ Norwood, CEO of Venturi Private Wealth and Catherine J. Williams, Head of Practice Management at Dimensional Fund Advisors, to discuss the growing importance of practice management for business growth. If you're planning to attend, let me know! You can learn more about the event and register here -> https://lnkd.in/gDnNUpNa

Thank you Eagle Securities for a fantastic event in Phoenix, AZ. The panel moderated by Frederick Yates and joined by Dana M. D'Auria, CFA and Gary Gallagher touched on many of the most important topics facing our industry including personalization, digitization, and how portfolio construction is evolving.   I must admit, the speed round at the end where we spoke about digital assets and AI was a way to really engage the crowd.   Well done and thank you for the invitation to participate.

I had a great time yesterday in New York City at the Global WealthTech Summit learning about some of the latest insights and innovations in the fintech industry. A big thank you to the GWT summit coordinators, Alvina Lo, and my fellow panelists Charles Almond and Rod Sayegh.   In our session, we discussed the evolving landscape and digital transformation of the asset and wealth management industry, and the growing need for fintech firms to align their developments and resources with the largest and fastest growing segments of the market.   The landscape is shifting, and the scaling of the RIA industry is creating massive opportunities to develop technologies to improve the customer experience and improve automation.

I had a great time earlier this month attending the Texas Power Grid Investment Summit. The meeting brought together leaders in Texas, energy-industry executives and investors from across the country to discuss how we can work together to help fortify the power grid in Texas. It was an incredible opportunity to share ideas and work together towards a common goal.   Together with our partners we strive to improve energy stability in Texas and are working with all involved to help build a power system that can meet energy needs for years to come.

Investment strategies often miss a crucial element: the impact of taxes on returns. Recent insights from S&P Dow Jones Indices first-ever SPIVA After-Tax Scorecard offer a stark revelation – post-tax, the gap between actively managed funds and indices like the S&P 500 is more significant than many realize.   This insight isn't just a data point, but a fundamental shift in understanding portfolio performance. It challenges us to think beyond gross returns and recognize the subtleties of tax implications, underscoring the true art of investment strategy – balancing potential gains with the often-overlooked element of tax efficiency.   In a financial landscape that's constantly evolving, staying updated on these critical factors is essential to ensure that our strategies not only align with market trends but also with tax realities, ensuring our financial decisions are as informed as they are strategic. Especially for advisors, it's not just about adapting to change – it's about leading through understanding and crafting investment strategies that stand the test of time and tax policies alike. https://lnkd.in/gdWTcc2h  

I recently had the pleasure of joining WealthManagement.com's webinar, "Optimizing After-Tax Returns: Year-End Strategies and Portfolio Messaging," alongside industry experts from S&P Global and Steward Partners Global Advisory. During our session, we dove into innovative strategies to boost after-tax returns in today's challenging market, exploring the integration of IRAs with taxable accounts, the implementation of advanced techniques like tax loss harvesting, and the strategic management of fixed-income assets. A standout insight was how indexed, tax-efficient wrappers can not only improve client outcomes but also streamline processes for advisors. All in all, it was a fantastic session featuring insightful discussion on advancing wealth management strategies. Thanks so much to the Wealthmanagement team for hosting and to David Bodamer, Joseph Nelesen, Ph.D. and Jason Bottenfield, CFP® CDFA™ for their invaluable contributions. Learn more at our Tax Center for Advisors here: https://bit.ly/46XrPhV

Just returned from an amazing week in Atlanta with members of the Enterprise Wealth team and the entire US Wealth business at BlackRock. The excitement about the work we are doing to develop systems and solutions to provide a better investment experience for our clients was extremely contagious. I left energized for 2024 and so proud to be part of a team that always puts the client interest first.

In the ever-changing landscape of financial markets, it's easy to get caught up in the turbulence. But as my colleague Danny Prince brilliantly outlines in his latest article, market selloffs aren't just about losses; they also present unique opportunities, especially for tax-loss harvesting. Tax-loss harvesting is a transformative strategy for both financial advisors and individual investors. This approach lets you sell underperforming assets in a taxable account and use the incurred losses to offset capital gains and ordinary income. Given the lackluster performance of U.S. stocks and bonds since the start of 2022, this strategy has gained increasing relevance. This is particularly relevant given the recent performance of U.S. stocks and bonds, which have both posted losses since the start of 2022.* One of the standout resources for implementing this strategy is BlackRock's Tax Evaluator tool. It helps you to pinpoint opportunities, track taxable distributions, and discover alternative investment ideas seamlessly. For those contemplating reinvesting, be mindful of the IRS Wash Sale rules while considering ETFs to help maintain a similar exposure or your latest investment convictions. Index #ETFs, like those indexed to S&P Dow Jones Indices for example, can offer a broad market scope and low turnover rates making them a tax-efficient way to reenter the market while getting the tax benefits of ETFs. Check out the article below to read more, and to learn more about BlackRock's Tax Evaluator tool visit: https://bit.ly/3uFT96N *Source: BlackRock, Bloomberg as of Nov 1, 2023. Stocks represented by the S&P 500 Index; Bonds represented by the Bloomberg US Aggregate Bond Index.

A couple weeks ago I had the opportunity to share thoughts with a group of very creative individuals who are working together to scale the Matson Money American Dream experience. The discussion over the course of the day covered a wide range of topics, but what was at the center of the discussion was how we improve the probability of generational success for individuals and families who work hard to achieve their American Dream. All too often, those that spend 30, 40, or 50 years of their life to achieve financial freedom, end up either outliving their savings, or even worse, investing in a way that doesn’t align risk with need.    I was a proud participant to be in the room with behavioral scientists such as Meir Statman and Terrance Odean, brand engineers such as Treya Klassen and Gord Carson, neuroscientist David Engleman, creative minds like Rob and Sheryl Lowe, and many others. Thank you Mark Matson and team for hosting an event that was centered on the American Dream, something I’ve been fortunate to pursue, and caring about how the investment experience must align with the goals of the investor.

I had the privilege of moderating a fantastic panel at IMPACT®2023, sharing the stage with esteemed panelists David Barton, Julie Harrington, and Kay Lynn Mayhue, CFP®, AEP®, RFC®. Together, we discussed a range of topics, including growth strategies, enhancing value for buyers and clients, the implications of new regulations like the marketing rule, and RIA industry trends, particularly focusing on the rising necessity for training future leaders. With an engaging open Q&A format, we had a blast during our session, sharing great insights and connecting with the audience! Though our official time on stage was just over an hour, the contagious energy and lively conversation left us all wishing for more time.   Thank you to the IMPACT®2023 team for hosting such a great event and to everyone who joined our session! The collaborative spirit on display was a testament to the forward momentum and bright future of our industry.