When financial advisors decide to change their broker-dealer, they often face the challenge of transitioning their clients smoothly. Many worry about the paperwork, duration, and impact on revenue.

 Insights from advisors who transitioned to Osaic Wealth reveal that 75%-100% of clients typically move with them, and the process takes about 60-90 days, though some clients move later. Having dedicated support is crucial.

Proper preparation, clear client communication, and understanding new systems are key to a successful transition. Advisors also note that initial revenue may drop but generally stabilizes or increases within a year.

Finsum: Leveraging the new BD and technology can really aid in the transition.

Interval funds continue to gain popularity as investors become familiar with their benefits. New interval fund launches have increased since 2017, with 2024 on track for a record number. 

Assets under management have grown 40% annually, reaching $80 billion by April 2024. These funds offer daily NAV pricing and subscription, but limit redemptions to quarterly intervals. This structure allows for investments in higher-return assets, better alignment of assets and liabilities, opportunistic buying, longer investment horizons for catalyst realization, and greater visibility of redemption requests. 

Overall, interval funds combine traditional mutual fund features with unique advantages like a longer horizon allowing markets to less liquid investments. 

Finsum: Interval funds offer a goldilocks like solution for certain investors. 

As the MLB playoffs heat up, several teams are making significant strides towards the postseason. In the American League, the Baltimore Orioles and the New York Yankees are tied in their division, with strong performances bolstering their playoff aspirations. The Minnesota Twins and Cleveland Guardians are also in a solid position, holding a key spot in the AL Central.

Over in the National League, the Philadelphia Phillies and the Los Angeles Dodgers are dominant forces, both maintaining impressive records and positioning themselves well for deep playoff runs. The Milwaukee Brewers are not far behind, showcasing a balanced mix of pitching and offense that could make them formidable opponents.

Wildcard races are particularly intense this year, with teams like the Atlanta Braves and the San Diego Padres fighting hard to secure their postseason spots. Both teams have shown resilience, bouncing back from mid-season slumps to stay in contention.

Finsum: LA looks like the most secure place to catch the playoffs in 2024

The 2024 Paris Olympics have already produced memorable moments. Team USA's women's gymnastics team, led by Simone Biles, won gold. South Korea's Ye-ji Kim became an internet sensation for her performance in the women's 10-meter air pistol. 

Egyptian fencer Nada Hafez revealed she competed while seven months pregnant. The US men's gymnastics team won its first medal in 16 years, thanks to Stephen Nedoroscik's performance. Canadian swimmer Summer McIntosh earned her first gold medal in the 400-meter individual medley. 

Former NBA player Chase Budinger won his first Olympic beach volleyball match. France’s Leon Marchand set a new record in the 400-meter individual medley.

Finsum: The streaming era has ushered in a new wave of fandom for typically unwatched events.

As the $1.7 trillion private credit industry faces a significant fundraising slump, firms like Adams Street Partners, Antares Holdings, and Hayfin Capital Management are focusing on Latin America. They're targeting pension funds and wealthy individuals. 

Philippe Stiernon of ROAM Capital notes that scarce capital in the US and Europe is pushing managers to diversify. With institutional investors in the US and Europe at saturation points, funds are exploring Latin America for new growth. 

This region offers safer investments compared to its volatile domestic debt markets. Stiernon describes Latin America as "the last major frontier for LP growth" in the alternative investments landscape.

Finsum: This presents an opportunity to ultra diversify and get truly uncorrelated turns as we move into a potentially tumultuous election cycle.